Strategic Decision Making in Healthcare

In: Business and Management

Submitted By papaibond
Words 1401
Pages 6
Strategic Decision Making in Healthcare
Essay

Table of Contents Introduction 2 Key Discussion 2 Conclusion 5 References 6

Introduction
The development of this essay is based on concentrating on the strategic decision making process used in the context of healthcare organizations. Considering the nature of healthcare, it has been identified as one of the most unique areas of the organization, and also it becomes a most promising field for conducting the research. The formation of this particular study is highly research-oriented as the lack of researches can be observed regarding the healthcare context, especially in the strategic decision making process. Though, it can be noticed among the current researches most of them focusing upon the strategic decision making, but at a whole the numbers are limited regarding the chosen area (Ferrell, Fraedrich and Ferrell, 2008). Therefore, different number of literature framework is adopted for the purpose of formulating the overall study in order to include different views and concepts of various authors in order to facilitate the theoretical and empirical contributions to this particular attempt. Through the development process of the study, different types of advantages and limitations can also be explored out of the theoretical implications which are essentially discussed.

Key Discussion
The strategic decision making process is thoroughly integrated with the strategic planning process useful for providing guidance to the organizations of different types, including the healthcare organizations. The strategic decision are determined through the effective contributions made by the strategic planning process and the overall process depends upon the size of the units, complexity of the situation, and differentiations of the services provided (Gattorna, 1998). For an example, there are different departments…...

Similar Documents

Decision Making

...Guide Queensland Health Guide to Informed Decision-making in Healthcare Disclaimer The information within the Guide to Informed Decision-making in Healthcare is intended as a guide to good clinical practice. The law and service delivery environment is constantly evolving, so while every attempt has been made to ensure the content is accurate, it cannot be guaranteed. The information within this document should not be relied upon as a substitute for other professional or legal advice. ISBN 9781921707391 ©State of Queensland (Queensland Health) 2011 First edition February 2012 This work is licensed under a Creative Commons Attribution Non-Commercial 2.5 Australian license. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc/2.5/au/ In essence, you are free to copy, communicate and adapt the work for non-commercial purposes, as long as you attribute the Patient Safety and Quality Improvement Service, Queensland Health and abide by the license terms. For further information, contact: Informed Consent Program Manager Patient Safety and Quality Improvement Service Centre for Healthcare Improvement, Queensland Health PO Box 152 Herston Queensland 4029 tel (+61) (07) 3646 9715 psq@health.qld.gov.au www.health.qld.gov.au/chi/psq/ For permission beyond the scope of this license contact: Intellectual property Officer Queensland Health GPO Box 48 Brisbane Queensland 4001 tel (+61) (07) 3234 1479......

Words: 37773 - Pages: 152

The Strategic Nightmares Encountered by Zesa, Which Led to Making Certain Decisions and Initiatives.

...The paper shall look at how Zimbabwe Electricity Supply Authority (ZESA) evolved since 2000. It will also look at the strategic nightmares encountered, which led to making certain decisions and initiatives. It will analyse some of the strategies adopted and how they fit in line with the operating environment. The paper will look at background of ZESA, the general operating environment, the strategic choice taken and proffer possible advice which is not a panacea but offers pointers on how to lead change in a turbulent environment. In 1991, the Government of Zimbabwe adopted a public enterprise reform strategy as part of a World Bank driven Economic Structural Adjustment Programme (ESAP). For the electricity sector, the Government adopted a two-pronged programme of reform a performance improvement programme (PIP) for the national utility, the Zimbabwe Electricity Supply Authority (ZESA), and a legal and regulatory reform programme for the electricity sector in general. Ten years later, significant success has been achieved in improving the utility’s performance in technical operations and customer service. However, there has been very little progress on the legal and regulatory front. This has adversely affected the utility’s financial performance, as well as frustrating the Government’s efforts in attracting private sector investment. The Zimbabwe Electricity Supply Authority (ZESA) provides the bulk of electricity generated, transmitted, distributed and supplied in......

Words: 5910 - Pages: 24

Forms of Strategic Decision Making

...University | Strategic Management in a Global Context | Assessment A | Module Leader: Karl Warner | Matriculation Number: 09005374 | | Abstract The purpose of this essay is to evaluate a proposition which claims that the weaknesses of formal strategic planning confirm that alternative forms of strategic decision making are more appropriate for organisations that operate in highly uncertain and dynamic environment. | Table of Contents Introduction.......................................................................................................................3 Contrast between the nature of formal planning and strategic decision making...........3 Benefits and problems of formalised strategic decision making.....................................4 Benefits and problems of emergent strategy...................................................................4 The role of uncertain and dynamic environment.............................................................5 Why Borders failed while Barnes & Noble survived?.......................................................6 Conclusion.........................................................................................................................7 References.........................................................................................................................8 Introduction Planning is the basic function of strategic......

Words: 2964 - Pages: 12

Decision Making

...Decision Making Study Decision Making Study Providing medical care to patients at the County Clinic can be challenging from a financial perspective. This vulnerable population contains challenges in treating patients with difficult multi-factorial disease entities, patients with transportation and other access difficulties, and patients who are uninsured or underinsured. The majority of patients at the County Clinic are covered by Medicare and Medicaid. Recently, the departmental budget for the County Clinic was cut by 15%. In order to continue to provide services for this vulnerable group, the managers at County Clinic will need to evaluate how to best address the needs of the community by eliminating or introducing services that will best address the significant health care needs required by this population. Making a decision regarding a health policy initiative in the face of budget constraints requires that management takes a reasoned approach to decision making. In order to make these decisions, managers need to find the best evidence available, assess the available evidence, and determine which evidence is relevant to the decision making process. Thomas Rundall, Ph. D at the University of California at Berkeley developed a toolbox to aid decision makers in this area. His document is called the Informed Decisions Toolbox. This toolbox contains six steps that will be addressed by County Clinic in developing an action plan for the budget......

Words: 1092 - Pages: 5

Decision Making

...Community Medical Center must adhere to the mission and vision statement of the organization to make a sound decision. “Importantly, organizational decision making should be aligned (decision should be in accordance) with the organization’s mission and vision statements and strategic planning-based goals and objectives” (James, 2009, p. 221). Decision making is an essential leadership skill. The president needs to make his decision in a timely and well considered decision. In the case study, the president needs to utilize the rational and decision-making model that uses the different kinds of methods in order to come up with a better solution. The operating room nurse that has allegedly contracted with HIV/AIDS should be afforded the right and the opportunity to be heard and tell her/his side of the story. There was no confirmation from the operating room nurse that he was indeed having contracted HIV/AIDS. It was just a presumption coming from the majority of the surgeons in the surgical department, and without any evidence being presented during the meeting between the chief of surgery and the medical center president; they want the nurse be removed from his duties in this department. The nurse should be given the due process which is accorded by law to everyone. According to James, “leaders and managers usually are taught to utilize the rational and decision-making model using analytical (quantitative) methods and when necessary, couple with group methods (qualitative)......

Words: 1009 - Pages: 5

Research Methods for Strategic Managers to Aid in Decision Making

...Research Methods for Strategic Managers to Aid in Decision Making Abstract [P1] Managers can be trained to make better decisions. They also need a supportive environment where they won’t be unfairly criticised for making wrong decisions and will receive proper support from their colleague and superiors. A climate of criticism and fear stifles risk-taking and creativity; managers will respond by ‘playing it safe’ to minimise the risk of criticism which diminishes the business’ effectiveness in responding to market changes. It may also mean managers spend too much time trying to pass the blame around rather than getting on with running the business. The study is based on all-embracing research to assemble information from a variety of sources such as internet, interview and books. The research was conducting on the decision making in the different economic scenario data was collected and results were evaluated. Introduction [P1] [1.1] Some decisions are difficult because of the need to take into account how other people in the situation will respond to the decision that is taken. The analysis of such social decisions is more often treated under the label of game theory, rather than decision theory, though it involves the same mathematical methods. From the standpoint of game theory most of the problems treated in decision theory are one-player games (or the one player is viewed as playing against an impersonal background situation). In the emerging socio-cognitive......

Words: 3053 - Pages: 13

Strategic Decision Making

...Table of Contents Part B 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Introduction .........................................................................................3 Leader-Member Exchange Theory .....................................................3 The leader-follow dynamic ..................................................................4 Types of Followers .............................................................................5 Goals ..................................................................................................6 Delegation, empowerment and development .....................................6 Ethical decisions and ethical dilemmas ..............................................7 Organizing Groups and Teams...........................................................8 1.8.1 1.8.2 Fundamental Team Configurations .......................................8 Team Structure and Top Performance ..................................9 1.9 Organizational Culture ........................................................................9 1.9.1 1.9.2 Primary Embedding Mechanisms........................................10 Secondary Mechanisms ......................................................11 1.10 Summary ..........................................................................................11 References Word count: 2,445 words (excludes Table of Contents, Footnotes and References) Page 1 Part B 1.1 Introduction Yukl (2010)......

Words: 3573 - Pages: 15

Cost, Budgets and Strategic Decision Making in Management Accounting

...Cost, Budgets and Strategic Decision Making in Management Accounting Answer (a) Budgets can be characterized as a quantitative explanation, for a certain time period, which may incorporate arranged incomes, cash flow, costs, resources, and liabilities. Budgeting alludes to the procedure of outlining, actualizing, and working budgets. Budgeting, as a control device, gives an activity plan to guarantee that the association's real exercises are slightest digressed from the planned exercises. Budgets are utilized to give an outline of the organization and procedures performed in it. They are helpful in asset allocation where assets are distributed in such a route, to the point that the techniques, which are relied upon to give the most astounding returns, receive top priority (Libby and Murray, 2010). Budgets are additionally forecast instruments and bring about a significant improvement readied to adjust to changes in business atmosphere. They ought to be produced in such a route, to the point that they consider the key necessities of each of the functions. Budget detailing comprises of an arrangement of exercises: a budget department is created in which a budget controller is appointed, strategies are developed for budget readiness, budget recommendations are created at the department level, the budget is developed for the whole company, financial backing period and key budget elements are decided, the budget is evaluated and approved, growth is observed, and the......

Words: 1076 - Pages: 5

Three Levels of Strategic Decision Making

...Discuss the three levels of strategic decision making with reference to an organisation of your choice. Solution Strategic decision-making is the process of developing and putting into action choices that will influence the long-term welfare of the organization. Strategic decisions are the decisions that are concerned with whole environment in which the firm operates, the entire resources and the people who form the company and the interface between the two. These choices often involve major organizational changes and large resource commitments that are difficult to reverse once they are implemented. Strategic decision-making reflects decision makers’ experience, the positions they occupy and their organizational environment. Work on improving strategic decision-making has focused on the content of decision outcomes and the process that produces these outcomes. Strategic decision-making takes place within a context defined by the organization’s strategy and varies according to the extent to which this strategy is a deliberate, as opposed to an emergent, process. The decision-making hierarchy of a firm typically contains three levels,the corporate level, business level and the functional level. The corporate level, composed principally of a board of directors and the chief executive and administrative officers. In a multi business firm, corporate-level executives determine the businesses in which the firm should be involved. Corporate-level strategic managers......

Words: 1177 - Pages: 5

Impact of Resource Based View and Resource Dependence Theory on Strategic Decision Making

...Management Vol. 5, No. 12; December 2010 Impact of Resource Based View and Resource Dependence Theory on Strategic Decision Making Ali Raza Nemati Riphah International University, Islamabad, Pakistan Tel: 92-345-590-5581 E-mail: aliraza.nemati@riphah.edu.pk Afkar Majeed Bhatti Riphah International University, Islamabad, Pakistan Tel: 92-333-535-9743 E-mail: Afkar_tg@yahoo.com Muhammad Maqsal Riphah International University, Islamabad, Pakistan Tel: 92-345-956-5435 E-mail: mmaqsal@gmail.com Immad Mansoor Riphah International University, Islamabad, Pakistan Tel: 92-345-580-0451 E-mail: immadmansoor@gmail.com Fariha Naveed Riphah International University, Islamabad, Pakistan E-mail: farihanaveed@riphah.edu.pk Abstract This paper aims to investigate different factors determining strategic Decision making. This study attempts to identify the role of RBV and RDT and its impact on strategic Decision making. It has been seen that different strategies has to be made to get competitive advantage keeping in mind external resources and while strategies differ when to get competitive advantage through internal resources such as Human resource and capital Resource. In this research heuristics and bounded rationality acted as moderator to strategic decision making as when decision makers (managers take decisions personal biases and heuristics also get involved. Keywords: Decision making, Resource based view, Resource dependence theory, Heuristics and biases 1. Introduction......

Words: 3709 - Pages: 15

Decision Making

... DECISION-MAKING SYSTEMS 1. Explain the importance of decision making for managers at each of the three primary organisation levels, along with the associated decision characteristics. * Meaning of decision making * Decision making is a process of selecting the best among the different alternatives. It is the act of making a choice. There are so many alternatives found in the organization and departments. Decision making is defined as the selection of choice of one best alternative. Before making decisions all alternatives should be evaluated from which advantages and disadvantages are known. It helps to make the best decisions. It is also one of the important functions of management. Without other management functions such as planning, Organizing, directing, controlling, staffing can’t be conducted because in this managerial function decision is very important. According to Stephen P. Robbins, “decision making is defines as the selection of a preferred course of action from two or more alternatives.” * Importance of decision making * Implementation of managerial function: Without decision making different managerial function such as planning, organizing, directing, controlling, staffing can’t be conducted. In other words, when an employee does, s/he does the work through decision making function. Therefore, we can say that decision is important element to implement the managerial function. * Pervasiveness of decision making:  the decision is......

Words: 823 - Pages: 4

Planning - Strategic Management - Decision Making

...psychology background forces me to use this viewpoint because it has given me a deeper understanding into how different every person is. So I know that each person is going to respond to things differently, and that must be taken into consideration when managing people. When I am faced with a situation and I have to make a decision, I almost always take into consideration the individual and the environment. A common one is with my toddler and why she might be acting a certain way when we are somewhere. Maybe we are in a new place and she is scared and starts crying, how do I handle the situation? I have to take into account the individual (my toddler) and the environment (the mall). To get handle on the circumstances, or the situation, I would talk to my toddler and reassure her that she is safe and that we are in a new place, and try to make it seem a little fun. What girl doesn’t like to spend money! In my work experience, I think that you have to be careful when using the contingency viewpoint. Since you have to consider the individual and the environment, and your decision is contingent upon these two things, I think that you have to make a decision that benefits the whole organization and not just one individual. I like to ask, “Is the environment effecting one person or the whole group?” I think that by first asking this it will help to make a more just approach to the given circumstances. There are basically three different ways that a manager can use the......

Words: 524 - Pages: 3

Strategic Decision Making

...invited to join him. On the other hand I have been meaning to start my own business for a long time. Both companies will take up about the same amount of time to invest and it will be impossible to manage both at the same time. So I stay before the decision whether I try to undertake on my own or join with my friend. It is obvious that both of the way has its risks and advantages. So this decision demands more consideration. To illustrate the decision-making I stay before I imagined the following decision-tree: If I would follow my passion, namely to build up my own venture I have to invest the ~ 51% of the acquired money. The rest would be invested by a venture capital firm, which I have already convinced with my business plan. This investment means from my side almost all of my savings, and a bankruptcy would mean that I have to start my life over. As I know that in nowadays’ always changing business environment the knowledge, the well built business plan, well prepared exit strategy and the confidence are not always enough to be successful, hence I am really scared to take this courageous step on my own. However it gives the biggest freedom regarding my working time, my own leading style, significant control over company decision and it would be difficult to give up my own independence. On the other hand I could join my friends’ venture. This venture needs the same amount of initial capital. His previous job was an accounting position at a real estate management......

Words: 1632 - Pages: 7

Advanced Management Strategies - Comment on the Strategic Decision-Making at Hul.

...on the strategic decision-making at HUL. 4. Give your opinion on whether the shift in strategic decision-making from India to Unilever’s headquarters could prove to be advantageous to HUL or not. CASE: 2 THE STRATEGIC ASPIRATIONS OF THE RESERVE BANK OF INDIA Questions: 1. Consider the vision and mission statements of the Reserve Bank of India. Comment on the quality of both these statements. 2. Should the RBI go for a systematic and comprehensive strategic plan in place of its earlier pragmatic approach of responding to environmental events as and when they occur? Why? CASE: 3 THE INTERNATIONALISATION OF KALYANI GROUP Questions: 1. What is the motive for internationalisation by the Kalyani Group? Discuss. 2. Which type of international strategy is Kalyani Group adopting? Explain. CASE 4: THE STORY OF SYNERGOS UNFOLDS Questions: 1. Identify the type of organisation structure being used at Synergos and explain how it works. What are the benefits of using this type of structure? What are the pitfalls? 2. Express your opinion about whether the structure is in line with the recruitments of the strategy that Synergos is implementing. 3. Based on the information related to the information, control and reward systems available in the case, examine whether these systems are appropriate for the type of strategy being implemented. CASE: 5 EXERCISING STRATEGIC AND......

Words: 373 - Pages: 2

Strategic Decision Making

...MGT 605 Assignment 03 How effective was Ko in defining and framing a vision for Motorola Penang? In what ways were her efforts similar to and different from the example of Charles Schwab citied earlier? How did Ko resolve the dilemma of where visions come from? Where did she find her vision? S. K. Ko had a very aggressive and challenging vision for Motorola Penang. She struggled with the most effective way of making that vision a reality. Ideal vision is something that inspires and directs people. There is always a tension for a leader when it comes to giving and receiving a vision. She engaged many of her top team in discussions about the challenges of the future of the facility. She had many specific and concrete ideas but didn’t want to seem to be imposing them on the group. She wanted to get most involvement possible to ensure all relevant information was considered that would be tasked with making the vision a reality. Ko’s philosophy reflects a positive, familial, celebrate every accomplishment kind of work environment. She saw technology as a two sided coin that would eliminate low skill job at the same time that it brought new opportunities. She was committed to rapidly moving Motorola Penang to produce more complex systems products, creating an increased demand for technicians and engineers and potentially less demand for unskilled operators. Besides Charles Schawb anticipated a need in the middle class. His vision led him the unique path. It took his......

Words: 538 - Pages: 3