Strategic Management and Planning Strategic Term Paper

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Strategic Alternatives Addresses an External issue? Draws on a competitive advantage or fixes a competitive disadvantage? Fits with Mission, Values? Moves the organization toward the vision? Achieves one or more goals? Partner with a travel company to offer vacations that include dental surgery, plastic surgery, and vascular surgery.

Supports the strategy of increasing global reach of the company and strengthening the ability to recruit physicians in key specialties.

Draws on a competitive advantage of specialist expertise and high performance of Rashid and markets this strength to bring in more German and British clients

Supports the pursuit of international standards as defined within the Strategic Plan.

Yes; also increases the stature of the facility and enhances the ability to recruit world-class physicians.

Invest heavily in medical research in cardiology and vascular research

This investment is focused on making Rashid Hospital a center of excellence in cardiology and vascular surgery, attracting the world's best surgeons to research and practice in Dubai at Rashid Hospital.

Draws on an emerging competitive advantage in vascular surgery.

Yes, in fact it perfectly aligns one of the key strategic plan objectives of the hospital.

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Yes, it is consistent with the mission, vision, and values of the hospital.

Discussion of the specific methods to evaluate strategies

In evaluating the future direction of strategies for Rashid Hospital, Boston Consulting Groups' Growth/Share matrix that maps services by share of market relative to market growth rate needs to be included in the set of tools that are used for planning the growth of services. The Growth/Share matrix was created by the Boston Consulting Group (2006) to assist companies in defining their strategies for products varying in terms of their industry attractiveness, market share, and growth rates. For Rashid Hospital this analytical framework would be useful for planning and then executing on strategies for planning specialist clinics. The BCG matrix is also useful from a competitive analysis perspective as well. When combined with the experience curve, also created by Boston Consulting Group, the combination of analytical insights for Rashid Hospital could give them significant competitive advantage. The BCG matrix is another term for portfolio analysis......

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"Strategic Management And Planning Strategic" (2006, December 09) Retrieved April 28, 2024, from
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https://www.aceyourpaper.com/essays/strategic-management-planning-strategic-41079
   

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