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Should a healthcare company rely solely on competitive research in developing their strategies? Why or why not? Provide sufficient detail.
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LASA 1—The Strategic…The Strategic Components of State…Assignment
2: LASA 1—The Strategic…Strategic Planning & Program
Developmentstrategic planningPaper: LASA1: The Strategic Components
of State Healthcare Management Company – Due 1/22/14
12noonAssignment 2: LASA 1—The Strategic Components of State
Healthcare Management CompanyThe State Healthcare Management
Company (a fictitious company) has been established to provide
coordinated healthcare to state workers. You are a new manager in
this company. Your supervisor has asked you to review your
company’s mission, vision, goals and strategies. She/he posed the
following questions and has asked you to provide a report (5 – 8
pages) answering each question. Your report should follow APA
guidelines and include at least four outside resources.Given:
The mission of the State Healthcare Management Company is to
improve access to cost-effective, quality health care services for
state workers.Our vision for the next three years includes:The
public and government agencies are confident that our customers are
being treated fairly in the determination of eligibility and
benefits.Healthcare providers see us as proactive partners to
provide preventative care to our customers.Turnover of key
personnel is minimal, with sufficient staff education to insure
compliance with new regulations.Our values are:Provide prevention
and early intervention information to help customers make good
health care choices.Negotiate with suppliers, including service
providers, to achieve value for customersAssess, evaluate and
continuously improve the quality of our work.Our strategic goals
for this year are:Increase the number of state workers covered to
70% of the population of state workersImprove Health Outcomes by
linking provider payments to decreasing occurrences of the
customer’s disease outbreaksContain Health Care Costs by asking for
specific evidence from physicians when they request payment for
customer careImprove the long-term care service delivery system by
identifying a baseline for nursing homes.Questions:1. Do you
believe our company’s mission, vision and values statements align
well? Why or why not?2. I noticed that the vision statement does
not address diversity. How would you change it to include diversity
in hiring?3. Understanding that the employees must actively work
towards the strategic goals established, describe an activity that
each of the members of the following teams should work on that are
supportive of one of the strategic goals.1. Finance2. Marketing3.
Human Resources4. Do our company strategic goals relate directly to
our vision and values? Why or why not?5. What should be added to
the values to address the ethics of the business?Your supervisor
also asked you to use the internet and/or the Argosy online library
to research a recent (within the last year) article that describes
the current difficulties faced by healthcare companies regarding
new or impending government regulations.6. Summarize the article
you found in 1-2 paragraphs and explain how the concepts presented
in the article could affect our company.7. Explain how the
management of our company, using the mission, vision and/or values
to provide guidance, should react to this issue.8. Why is it
important for healthcare companies to keep current with the
competition’s strategies and new regulations?9. Should a healthcare
company rely solely on competitive research in developing their
strategies? Why or why not? Provide sufficient detail.Submit the
report to the M3: Assignment 2 Dropbox by Wednesday, January 22,
2014.Assignment 2 Grading CriteriaMaximum PointsCompares and
explains alignment of mission, vision and values20Suggests revision
of the vision statement to include mention of diversity in hiring
practices.20Suggests revision of the vision statement to include
mention of diversity in hiring practices.20Compares vision and
values to strategic plans.16Describes what should be added to the
values to address ethics.16Summarizes article and explains how the
concepts presented in the article could affect the
company.16Explains how the company should react to the issue based
on their mission, vision and/or values.16Provides a valid reason
for using competitive and government research in developing a
strategy.16Provides an analysis of why relying solely on
competitive research can limit a company to just being reactive to
change.16Style (4 points): Tone, audience, and word choice
Organization (12 points): Introduction, transitions, and
conclusion
Usage and Mechanics (12 points): Grammar, spelling, and
sentence structure
APA Elements (16 points): In text citations and references,
paraphrasing, and appropriate use of quotations and other elements
of style44Total:200Attachments:strategiccomponents.docxAnswer
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