Description
You are a chief operating officer. The board of directors of your organization has requested that you prepare a summary of the issues involved with a 50 million dollar expansion. Due to local politics and uncertain national medical care policies, national officials may have to scale the expansion back to 25 million or risk not being elected. Prepare a presentation for the management team of the doctor’s group on your proposed 25 to 50 million dollar expenditure plan using Powerpoint. In your presentation, reflect on the key course objectives as well as the financial, legal, and alternative health care models. In addition, reinforce your knowledge of strategic planning and capital budgeting by using an electronic spreadsheet to display the financials.
- Must be 8 to 10 double-spaced pages in length (excluding title and reference pages)
- Must have a title page that includes the following:
- Title of paper
- Student’s name
- Course name and number
- Instructor’s name
- Date submitted
- Must include an introductory paragraph with a succinct thesis statement.
- Must address the topic of the paper with critical thought.
- Must end with a restatement of the thesis and a concluding paragraph.
- Must use eight scholarly and /or peer-reviewed sources,
- Must document all sources in APA style as outlined
- Must include a separate reference page that is formatted according to APA style as outlined
Explanation & Answer
here goes the paper please have a look at it and let me know if it is per ypur expectation
Executive Summary
Expansion of a medical cinic
Business objectives
• • Creating a medical practice that meets and
exceeds the patient's expectations.
• • To provide quality care to the clients
• • To record a raise of 20% in customers
through superior service delivery
• • Website development that provides the
booking capabilities about the operation
hours, demographic information.
Mission and Vision
• Provision of accessible, high-quality medical
care that supersedes the expectations of the
patients hence resulting in profitable business
is the main purpose of the business. The
vision of the firm is to strive to be the leader
in patient experience and improve the quality
of life of a patient and their families.
Market Analysis
• Tools used in market Analysis:
• 1. SWOT analysis
• 2. Porters model
Marketing Strategies
• The process of Preparing of marketing
strategies:
a. Situation Analysis
b. Describing your target audience
c. List marketing goals
d. Develop marketing communication strategies
e. Setting your marketing budget
Key factors leading to sucess
• Management and Staff development
• Strategic focus
Tools Financial forecasting
•
•
•
•
Cash flow
Income statement
Balance sheet
Break even analysis
Thank You
Running Head: Strategic Business Planning
Strategic Business Planning
Student’s name
Course name and number
Instructor’s name
Date submitted
1
Strategic Business Planning
2
Strategic Planning and Capital Budgeting
Executive Summary
Being the chief operating officer at the Park Square Medical, that has a strategic plan of
expanding its services with over 50 million dollars with the aim of improving the health care
access. However, due to the effect of the local politics and uncertain medical care practices, the
company needs to subsidize its expansions plan expenditure down to 25 million. Park Square
Medical will begin by employing Dr. Detroit who will work as the Managing Director, he will be
tasked with ensuring the general health of the patients and creating a viable business by working
with the companies advisers to make sure that the clinic gets on the right financial and
operational footing using a business plan as the management guide.
At first, the Park Square Medical will be solely dependent on its parent company to cover its
overheads both fixed and current. But with the increase in patients volume, there is a subsequent
increase in revenue that enables the clinic to cover its expenses. A decrease subsidy is expected
to be noted at the end of the first financial year, and the employees’ salaries are expected to be
incorporated into the clinic's expenses. Operating losses are expected during the first three years,
but the 25 million balances are expected to keep the firm running. But the experience of the
Managing Director ensures that the business starts making profits in the fourth year.
Companies Description
To ensure that the business starts-up successfully some requirements such as the purchase of
building this would be us...
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