Business Strategy and Optimizing Performance

Part 1:

Choose a company or an industry in which you have worked or would like to work. It could be a hospital or a physician practice.

Write a 700 to 1000 word paper and include the following:

  1. Identify all the important stakeholders for the entity.
  2. Determine the primary aims/objectives of each stakeholder.
  3. Assess the power of each stakeholder to affect the company’s strategic plans, and how it may apply that power.
  4. Explain how the company might respond to the possible actions of each stakeholder.
  5. Recommend tradeoffs that company managers could make to accommodate the stakeholders in a way that optimizes the company’s own performance.

Include a minimum of three peer-reviewed references, not including the textbook.

Format your paper consistent with APA 6th guidelines.

Part 2:

The following is a generic mission statement for a primary care physician group practice. You have been hired as a consultant by the group to review the statement and make suggestions for revising it. Before you begin any revisions, what information do you want to know about the group and its environment? From where will you get that information?

“Serving all patients in need of care, Riverside Family Care Associates, Inc., a private physician group practice, provides the highest quality health care services to our patients and their families in a compassionate and caring environment. Riverside Family Care constantly strives to provide care in a cost-effective manner and to continuously improve customer satisfaction and patient care.”

Write a 400- to 600-word paper and include some assumptions about the group and its environment, and prepare a draft of a new mission statement, including explanations for all your proposed changes. Be sure to take into account the growing trend toward consumer-driven health care.

Include a minimum of two peer-reviewed references, not including the textbook.

Format your paper consistent with APA 6th guidelines.

Submitting Your Assignments

Put your written assignments in a Word document. Save it in a location and with a name you will remember, using the following naming convention: username-assignment-unit#.doc.

NOTE: If you do not currently have Microsoft Office installed on your computer, please contact your instructor immediately. Files must be submitted in the appropriate format in order to earn a grade.

When you are ready to submit it, click on the Dropbox and complete the steps below:

  1. Click the link that says Submit an Assignment.
  2. In the “Submit to Basket” menu, select Unit X: Assignment.
  3. In the “Comments” field, include at least the name of the assignment.
  4. Click the Add Attachments button.
  5. Follow the steps listed to attach your Word document.
  6. To view your graded work, come back to the Dropbox or go to the Gradebook after your instructor has evaluated it.
  7. Make sure that you save a copy of your submitted project.
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