Identify three business components (within the broad categories
of people, process/facility, or technology) that presented problems
for Shouldice Hospital in the late 1940’s.
To any person considering the launch of an enterprise, the
Shouldice Hospital story is a refreshing reminder of how startups
in any field – in this case, health care – can succeed with the
right ingredients and passion to excel. This week’s readings
include references to a successful startup that grew from the
willingness of one individual (Dr. Edward Earle Shouldice) to
respond to a recognized need. Your challenge in this assignment is
to develop a paper in which you apply the principles of capacity
management and illustrate the impact of forecasting on the
implementation of those principles, based on the following
scenario:
You and two of your closest colleagues are considering the
launch of a start-up and you believe that the Shouldice success
story is relevant to your new venture. Generate responses to
several categories of probing questions as a basis for discussion.
Since your findings will be presented in a practical format to
enlighten the thinking of your two potential future partners, you
may forego the formality of a case analysis in favor of a document
that provides clear, accurate, and actionable responses to the
questions listed below. In addition to this week’s readings, you
may also use popular sources related to the Shouldice case to
amplify the points you wish to emphasize in your discussion with
your colleagues. If, during your writing, you discover additional
areas of importance that are not triggered by these questions, feel
free to include them in your paper.
Identify three business components (within the broad
categories of people, process/facility, or technology) that
presented problems for Shouldice Hospital in the late 1940’s.
Define steps that your startup team might take to avoid similar
problems when your service or product is launched.Determine the
value of an accurate forecast in terms of its influence on quality
of service delivery and/or potential growth for your start-up. In
what ways would an accurate forecast of hernia repair demand
influence business decisions at Shouldice?Examine the demographics
of Shouldice patients, such as their overall health, type of
surgery required, age, etc. What target-market demographics will
enhance the success of your start-up?How do you know when to stop
growing your start-up? How might Shouldice have determined a
practical limit to economies of scale? At what point should
Shouldice have decided to stop growing? What metrics should be
monitored to determine that growth has plateaued?Support your
assignment with at least three scholarly resources. In addition to
these specified resources, other appropriate scholarly resources,
including older articles, may be included.
Length: 5-7 pages, not including assignment coversheet, title
page, and reference page(s). Use topic section headings for each of
the questions listed above.
Your response should demonstrate thoughtful consideration of
the ideas and concepts presented in the course by providing new
thoughts and insights relating directly to this topic. Your
response should also reflect professional business writing and
current APA standards.
. .
The post Identify three business components (within the broad
categories of people, process/facility, or technology) that
presented problems for Shouldice Hospital in the late 1940’s.
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