What feasible strategies would you recommend

Assignment Help Management Theories
Reference no: EM132786181

The project assignment provides a forum for analyzing and evaluating relevant topics of this week on the basis of the course competencies covered.

Introduction:

You are the executive in charge of finances for the operating room at Sleepy Hollow General Hospital. It has come to your attention that you have five major orthopedic surgeons, all using different vendors for their knee and hip implants. You have held several meetings with the implant companies and determined that if you went with one standard set of implants, you could reduce your implant costs by 40%, a potential net savings of $2.8 million to your institution in the next year. This seems to be a reasonable objective, and you set up meetings with the different orthopedic surgeons.

Tasks:
Case Study Seventy-Three: Conflict of Interest

Read the above case study, your task would be to evaluate this case study utilizing the format below. Make sure to include at least two scholarly/peer-reviewed articles to help support your evaluation.

Case Study Evaluation

Prepare a written report of the case using the following format:

Background Statement: What is going on in this case as it relates to the identified major problem?

What are (only) the key points the reader needs to know in order to understand how you will "solve" the case?

Summarize the scenario in your own words-do not simply regurgitate the case. Briefly describe the organization, setting, situation, who is involved, who decides what, etc. Specifically identify the major problems and secondary issues.

What are the real issues? What are the differences? Can secondary issues become major problems?

Present an analysis of the causes and effects.

Fully explain your reasoning. Declare your role in a sentence or a short paragraph explaining from which role you will address the major problem and whether you are the chief administrator in the case or an outside consultant called in to advise.
Regardless of your choice, you must justify in writing as to why you chose that role. What are the advantages and disadvantages of your selected role? Be specific.

Recognize the strengths and weaknesses of the organization.

Identify the strengths and weaknesses that exist in relation to the major problem. Again, your focus here should be in describing what the organization is capable of doing (and not capable of doing) with respect to addressing the major problem. Thus, the identified strengths and weaknesses should include those at the managerial level of the problem. For example, if you have chosen to address the problem from the departmental perspective and the department is understaffed, that is a weakness worthy of mentioning. Be sure to remember to include any strengths/weaknesses that may be related to diversity issues.

Find out alternatives and recommend a solution.

Describe the two to three alternative solutions you came up with. What feasible strategies would you recommend? What are the pros and cons? State what should be done-why, how, and by whom. Be specific. Evaluate how you would know when you've gotten there. There must be measurable goals put in place with the recommendations. Money is easiest to measure; what else can be measured? What evaluation plan would you put in place to assess whether you are reaching your goals?

TIP: Write this section as if you are trying to "sell" your proposed solution to the organization. Convince the reader that your proposed solution is the best available and that it will work as planned. Make sure that the goals you identify are worth the effort required to achieve them!

Verified Expert

The report is about the strategic decision making in the organization. More specifically it is focused on aspects like avoiding financial loss and related aspects. Provided with focus on aspects like what makes up the rationale, pros and cons for the decision proposed(Recommendations). Alternative suggestions are given. References included for the entire discussion along with sub headings for each sub section included.

Reference no: EM132786181

Questions Cloud

Organization competitors current trends of innovation : What are your organization's competitors' current trends of innovation? How does your organization's innovativeness compare to its competitors'?
How students met a course competency or course objectives : This reflection journal also allows students to outline what they have discovered about their professional practice, personal strengths and weaknesses.
What do think surprising or interesting about the dreamer : What do you think surprising or interesting about the Dreamer mobilization? Dreamers in the movie were all located in Los Angeles.
What is the funded status for Whispering Corporation : Whispering Corporation is a privately owned company that uses ASPE. What is the funded status for Whispering Corporation at December 31, 2020
What feasible strategies would you recommend : Declare your role in a sentence or a short paragraph explaining from which role you will address the major problem and whether you are the chief administrator
Prepare marketing plan : What product or service are you going to provide? Who are you up against, and where do you rank? What tasks do you need to complete to reach your marketing goal
Describe what jurgis initially hoped : When Jurgis and his family first arrive, Describe the contrast from what Jurgis and his family members initially hoped for and what they actually experienced.
Identify the terms listed in the glossary : Identify the terms listed in the Glossary that are most significant for you. List your current work activities identified on the worksheet.
Strategic Philanthropy for Organizations : Research a Fortune 500 company, but do not use the same company you used for the Week 1 "Social Responsibility" assignment.

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd