Strategic Choice and Evaluation
Strategic Choice and Evaluation
L'Tanya M. Williams
STR/581
October 3, 2012
Pitchiah Balasubramanian
Strategic Choice and Evaluation
The paper will present potential alternatives Vanguard Health Systems (VHS) must consider to realize growth. It will also seek to identify the best value discipline, generic strategy, and grand strategy for the organization. Upon the investigation of the various alternatives, a recommendation of a strategy or a combination of strategies will be presented. A growing trend among many businesses is through mergers and acquisitions. No longer are the days when one business can to dominate totally an entire industry. The health care system is not exempt. External environment factors play a significant role on how this industry operates as with most large businesses. These include remote, industry and operating environments that help to influence the activities that an organization will take in an effort to remain competitive according to (Pearce & Robinson, 2011). Vanguard Health System continues to monitor and evaluate these causative factors the paper will assist in evaluating how the better determine alternatives for the company’s future growth.
Alternative Strategies Vanguard Health System continues to be among the leading operating health care network in many large markets. It operates 28 hospitals, which strategically- align with outpatient facilities and other business entities and provides a total range of services within each community that they serve. They have earned a reputation for delivering high quality care with a focus on helping the communities. As an enhancement to the existing successful organization, alternative strategies will be presented as additional growth opportunities to create an even greater competitive advantage.
The Value Disciplines According to (Pearce & Robinson, 2011) the introduction of the value discipline, initiated by consultants Michael Treacy and Fred Wiersema provided another
L'Tanya M. Williams
STR/581
October 3, 2012
Pitchiah Balasubramanian
Strategic Choice and Evaluation
The paper will present potential alternatives Vanguard Health Systems (VHS) must consider to realize growth. It will also seek to identify the best value discipline, generic strategy, and grand strategy for the organization. Upon the investigation of the various alternatives, a recommendation of a strategy or a combination of strategies will be presented. A growing trend among many businesses is through mergers and acquisitions. No longer are the days when one business can to dominate totally an entire industry. The health care system is not exempt. External environment factors play a significant role on how this industry operates as with most large businesses. These include remote, industry and operating environments that help to influence the activities that an organization will take in an effort to remain competitive according to (Pearce & Robinson, 2011). Vanguard Health System continues to monitor and evaluate these causative factors the paper will assist in evaluating how the better determine alternatives for the company’s future growth.
Alternative Strategies Vanguard Health System continues to be among the leading operating health care network in many large markets. It operates 28 hospitals, which strategically- align with outpatient facilities and other business entities and provides a total range of services within each community that they serve. They have earned a reputation for delivering high quality care with a focus on helping the communities. As an enhancement to the existing successful organization, alternative strategies will be presented as additional growth opportunities to create an even greater competitive advantage.
The Value Disciplines According to (Pearce & Robinson, 2011) the introduction of the value discipline, initiated by consultants Michael Treacy and Fred Wiersema provided another
References: Barney, J. B. (2007). Gaining and Sustaining Competitive Advantage (3rd ed.). Upper Saddle River, NJ: Pearson Prentice Hall. Pearce, J. A., & Robinson, R. B. (2011). Strategic Management: formulation, Implementation, and Control (12th ed.). Boston, MA: McGraw-Hill/Irwin.