How might a retrenchment strategy and a penetration strategy be linked together?

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Assignment:

Exercises: 

  1. How is strategy formulation related to situational analysis?
  2. How might a retrenchment strategy and a penetration strategy be linked together? What are some other logical combinations of strategies? How may a combination of strategies be related to vision?

Professional Development: 

  1. Collect examples of mission, vision, and values statements from various health care organizations — be sure to include those that are for-profit, not-for-profit, public and private. The Internet provides a useful tool for obtaining real-time examples to review and evaluate. Utilizing the criteria discussed in the textbook readings, determine the extent to which the actual statements apply the principles discussed. Identify the similarities and differences between “for profit” and “not-for-profit” examples. Compare and contrast statements obtained from public and private health care organizations.
  2. Work through Exhibit 6-4 (p. 212), “Strategic Thinking Map – Hierarchy of Strategic Decisions and Alternatives,” for an organization with which you are familiar. Practice selecting different alternatives under each strategy type.

Exhibit 6–4: Strategic Thinking Map – Hierarchy of Strategic Decisions and Alternatives

Directional Strategies

Adaptive Strategies

Market Entry Strategies

Competitive Strategies

Implementation Strategies

• Mission

• Vision

• Values

• Goals

Expansion of Scope • Diversification • Vertical Integration • Market Development • Product Development • Penetration

Contraction of Scope • Divestiture • Liquidation • Harvesting • Retrenchment

Maintenance of Scope • Enhancement • Status Quo

Purchase • Acquisition • Licensing • Venture Capital Investment

Cooperation • Merger • Alliance • Joint Venture

Development • Internal Development • Internal Venture

Strategic Posture • Defender • Prospector • Analyzer

Positioning Marketwide • Cost Leadership • Differentiation Market Segment • Focus/ Cost Leadership • Focus/ Differentiation

Service Delivery • Pre-service • Point-of-service • After-service

Support • Culture • Structure • Strategic Resources

Unit Action Plans • Objectives • Actions • Timelines • Responsibilities

 

Ginter, P. M., Duncan, W. J., & Swayne, L. E. (2013). Strategic Management of Health Care Organizations (7th ed.). San Francisco: Jossey-Bass.

 

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Apply: Signature Assignment: Ethics On The Job

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About Your Signature Assignment

Signature/Benchmark Assignments are designed to align with specific program student learning outcome(s) in your program. Program Student Learning Outcomes are broad statements that describe what students should know and be able to do upon completion of their degree. Signature/Benchmark Assignments are graded with a grading guide or an automated rubric that allows the University to collect data that can be aggregated across a location or college/school and used for course/program improvements.

Format your assignment to APA standards.

Submit your assignment to the Assignment Files tab as a Microsoft® Word document.

Identify a specific job within a specific company that you might be interested in applying for after you graduate from the University of Phoenix. 

Research the job and the field in general, as well as ethical issues managerial accountants have faced that would pertain to that field. Also, educate yourself on the basics of operations within the job and company you have selected.

Write a 700- to 1,050-word paper to include the following:

  • Summarize the main duties of the job.
  • Describe a specific ethical issue you might face in that position using 2 credible sources to support your description.
  • Summarize the IMA’s standards of ethical practice and conflict resolution guide. 
  • Analyze how the IMA’s standards of ethical practice and conflict resolution guide applies to the ethical issue.
  • Predict how you would handle the ethical issue.
  • Hypothesize what would happen if no one in the company followed the IMA’s standards of ethical practice.
  • Assess why it is important to follow the IMA’s standards of ethical practice.
  • Design or name any methods of internal controls you think could prevent or detect the unethical behavior in the future.

Complete your response to this assignment in an 8- to 10-page Microsoft Word document, using APA style.

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Instructions

Literature review

In consultation with your instructor, choose a specific business research topic and complete a full literature review on the topic. The topic for this assignment should be different than your topic in the W3 project.

In your review:

  • Synthesize relevant and relatively current (last 10 years) literature in a focused field or topic. Although the review should focus on recent literature, include any historical development that clarifies the topic. Grading assessment of this item will consider the thoroughness of the reviewed literature for covering your topic. For example, if you are doing a literature review on some area of transformational leadership but do not include works by James MacGregor Burns or Bernard Bass, then you have not appropriately reviewed the literature on the topic.
  • Assess the primary concepts, theories of interests, and methodologies within the literature on this topic. Grading assessment of this item will consider the depth of your review. For example, if you are doing a literature review on transformational leadership but do not note aspects such as inspirational motivation, idealized influence, intellectual stimulation, and individualized consideration, then you have not adequately reviewed the literature on the topic.
  • Appraise the current state of research (where are we now according to the literature) and the opportunities for new research that would further the field. Your appraisal might propose supported relationships between concepts or factors in the written research that have not yet been tested. Or, your appraisal might defend the existence of apparent gaps or contradictions in the existing research. Grading assessment of this item will consider the clarity of your arguments and strength of your documented support for the proposed relationship or apparent gaps and contradictions. For example, if you propose that no one has clarified whether transformational leadership is inherently ethical, then you need to make that connection (support) from each piece of literature that you review.
  • Propose the next step(s) to address identified problems or opportunities. Building from the currently un-researched relationships or gap you defended in the literature review of your topic, articulate a general framework for how you might address the gap or test the relationships. Include possible benefits to both the academic discipline and professional practice that your proposed research or next steps would provide. Grading assessment of this item will consider the persuasiveness of your proposed framework and benefits.

Submission Details:

  • Complete your response to this assignment in an 8- to 10-page Microsoft Word document, using APA style.