Strategy in Health Care Organizations

Topics

• 1. Strategic Management Theory and Leading Practices. Students will learn this through a combination of lectures, readings from the textbook and business journal articles, and “how to” instructional videos. 2. Real World Experience. Students will learn this through a combination of Executive Interviews, Case Studies, and personal reflection. 3. Hands-on Practice. Students will learn this through a carefully designed, team-based practical experience in which they for a real or fictitious health care organization of their choice.
• Define and align their organization’s mission, vision, values, and strategy. Understand the important influences of leadership and culture on the successful execution of the strategy. Learn various tools and techniques that may be used in informing a strategy including: Value Chain Analysis, Benchmarking, SWOT Analyses, Root Cause Analysis, Porter’s Five Forces Model, Scenario Planning, and Balanced Scorecards. Learn various common strategies, including: Growth by Concentration/Horizontal Integration, Growth by Related Diversification/Vertical Integration, and Innovation. Understand the pros and cons of strategic alternatives including: Internal Development, Internal New Venture Creation, Investment in New Ventures, Acquisition, Mergers, Joint Ventures/Strategic Alliances/Partnerships, and Innovation. Learn how to successfully implement a strategy by creating a Strategic Roadmap, high level Project Plan, and Risk Mitigation Plan. Learn how to define and measure key performance indicators (KPIs). Adjust organizational strategy in response to real-time crises.

Official catalogue course objectives and student learning outcomes