12Week 3 Strategic Management and Strategic Competitiveness As.docx

1
2Week 3 Strategic Management and Strategic
Competitiveness Assignment
Student’s Full Name
Strayer University
BUS499 Business Administration Capstone
Professor’s Name
Date
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Week 3 Strategic Management and Strategic Competitiveness
Assignment
Write your introduction here. Include one (1) paragraph (
not more than 6 lines of text) that explains what your
paper will discuss. Much of your introduction may be taken
from the assignment instructions (in your own words). Read all
assignment resources to understand what should be included in
your paper. Be sure to review the
assignment instructions in Blackboard, the grading
rubric, and the recorded writing workshop to understand the
requirements. Do not exceed 6 lines of text in this introduction.
There should be no direct quotes in this section. After reading
these instructions, replace this blue text with your introduction
and change the font color to black.
Globalization
Thoroughly assess how globalization has impacted the public
corporation you researched. Provide a thoughtful and well
researched response. Consider for example, how your chosen

company has been involved in expanding globally, how it has
been impacted by global competition, and the global economy.
Do not simply define the term globalization. If your company
has locations in other countries, do not just state that your
corporation has locations in other countries or simply list the
various countries in which the company does business. You
need to assess the impact globalization has had on your selected
corporation.
Your assessment should demonstrate that you have read,
understand, and can apply the globalization concepts covered in
the textbook and course resources. You must consider the
various aspects of globalization discussed in the course and
make judgments about their impacts to your selected
corporation. Do not write about globalization in general terms.
Your assessment should be directly related to your selected
corporation. Your writing here should thoroughly assess how
globalization has impacted your chosen corporation. Do not
Google “globalization”. You must display an understanding
based on what is studied in this course and demonstrate an
ability to apply the concepts in a real-world assessment of a
corporation. Your textbook must be a source along with other
credible sources that support the globalization concepts covered
in this course.
Read chapters 1-3 in the course textbook as each
chapter provides a solid background on Globalization that
applies to this section. Review the Week 1 & 2 Learn Readings
for supporting content. Properly cite your sources and avoid the
use of direct quotes. After reading these instructions, replace
this blue text with your assessment and change the font color to
black.
Technology
Thoroughly assess how technological changes have impacted
the public corporation you researched. Provide a thoughtful and
well researched response. Consider for example, how the
company has been impacted by cloud computing, social media,
crowdfunding, program apps, email, texting, websites, mobile,

automation, robotics, IOT (Internet of Things), AI (Artificial
Intelligence), e-commerce, data and analytics, etc. Research
how the company may have been impacted by diffusion and
disruptive technologies as explained in the textbook. Do not
simply define the term technology. You will need to assess the
impact changes in technology have had on your selected
corporation.
Your assessment should demonstrate that you have read,
understand, and can apply the technology concepts covered in
the textbook and course resources. You must consider the
various aspects of technological changes discussed in the course
and make judgments about their impacts to your selected
corporation. Do not write about technology in general terms.
Your assessment should be directly related to your selected
public corporation. If your company is technologically
advanced, do not simply list the various technologies they
possess but rather assess how changes in technology have
impacted the corporation. You must display an understanding
based on what is studied in this course and demonstrate an
ability to apply the concepts in a real-world assessment of a
corporation. Do not Google “technology”. Your writing here
should thoroughly assess how changes in technology have
impacted your chosen corporation.
Your textbook must be a source along with other credible
sources that support the technology concepts covered in this
course. You must display an understanding based on what is
studied in this course.
Read chapters 1-3 in the course textbook as each
chapter provides a solid background on Technology that applies
to this section. Review the Week 1 & 2 Learn Readings for
supporting content. Cite your sources and avoid the use of
direct quotes. After reading these instructions, replace this blue
text with your assessment and change the font color to black.
Industrial Organization Model
Thoroughly apply the industrial organization model to
determine how your corporation could earn above-average

returns (i.e. revenue). This model is based upon the
corporation’s external environment which is anything outside of
the corporation that can influence or impact its business
(macro)/operations (micro). Your application should walk
through the components the model suggests are needed to earn
above average returns.
Hint: see Figure 1.2 in the textbook. Do not Google
“Industrial Organization Model” or simply provide a definition
or write in general terms. Your writing here should apply the
components of the model, as described in the course material, to
your specific corporation, demonstrate your understanding of
the concepts, as described in this course, and demonstrate your
ability to apply those concepts to a real-world corporation.
Read chapter 1 as it provides a solid background on this
model.Review the Week 1 Learn Readings for supporting
content. Cite your sources and avoid the use of direct quotes.
After reading these instructions, replace this blue text with your
application and change the font color to black.
Resource-Based Model
Thoroughly apply the resource-based model to determine how
your corporation could earn above-average returns (i.e.
revenue). Consider the corporation’s unique resources
(corporate culture, land, location, equipment, brand, reputation,
trademarks, patents, etc.) and capabilities (skills, experience,
etc.) that set it apart from its competition. Your application
should walk through the components the model suggests are
needed to earn superior returns.
Hint: See Figure 1.3 in the textbook. Do not Google
“Resource-Based Model” or simply provide a definition or write
in general terms. Your writing here should apply the
components of the model, as described in the course material, to
your specific corporation, demonstrate your understanding of
the concepts, as described in this course, and demonstrate your
ability to apply those concepts to a real-world corporation.
Read chapter 1 as it provides a solid background on this
model. Review the Week 1 Learn Readings for supporting

content. Cite your sources and avoid the use of direct quotes.
After reading these instructions, replace this blue text with your
application and change the font color to black.
Vision
Thoroughly assess how the vision statement of the corporation
influences its overall success. Include the actual vision
statement for your chosen company (be sure to quote and cite
your source). Consider the key concepts discussed in chapter 1
regarding vision in your assessment of your selected
corporation’s vision statement. Do not simply provide a
definition of vision or make general statements. Do not simply
copy and paste the vision statement. In addition to the actual
vision statement for your corporation, your writing must
demonstrate that you understand the concept of vision, as
discussed in this course, and can assess the impact your
corporation’s vision statement has on its overall success. You
must consider the various aspects of vision statements discussed
in the course and make judgments about their impacts to your
selected corporation. The assessment is critical to this
assignment requirement. Without an assessment you have not
met the requirements.
Read chapter 1 as it provides a solid background on
vision. Review the Week 1 Learn Reading for supporting
content. Cite your sources. After reading these instructions,
replace this blue text with your assessment and change the font
color to black.
Mission
Thoroughly assess how the mission statement of the corporation
influences its overall success. Include the actual mission
statement for your chosen company (be sure to quote and cite
your source). Consider the key concepts discussed in chapter 1
regarding mission in your assessment of your selected
corporation’s mission statement. Do not simply provide a
definition of mission or make general statements. Do not simply
copy and paste the mission statement. In addition to the actual
mission statement of your selected corporation, your writing

must demonstrate that you understand the concept of mission, as
discussed in this course, and can assess the impact your
corporation’s mission statement has on its overall success. You
must consider the various aspects of mission statements
discussed in the course and make judgments about their impacts
to your selected corporation. The assessment is critical to this
assignment requirement. Without an assessment you have not
met the requirements.
Read chapter 1 as it provides a solid background on
missions. Review the Week 1 Learn Reading for supporting
content. Cite your sources. After reading these instructions,
replace this blue text with your assessment and change the font
color to black.
Stakeholders
Thoroughly evaluate how each category of stakeholder,
described in the textbook, impacts the overall success of your
selected corporation. Do not Google “stakeholders” or simply
provide a definition or list of stakeholders. You must provide an
evaluation that demonstrates your understanding of each
classification of stakeholders, as described in this course.
Hint: See Figure 1.4. Do not write in general terms
about stakeholders. Your evaluation must thoroughly and
specifically describe how each classification of stakeholders
impacts your selected corporation’s success. It is critical that
you display your understanding of stakeholder classifications.
Without the identification and evaluation of each of the
stakeholder classifications, discussed in the course, you have
not met the requirements.
Read chapter 1 for additional background on
Stakeholders and the Classifications, as it provides a solid
background that applies to this section. Review the Week 1
Learn Reading for supporting content. Cite your sources and
avoid the use of direct quotes. After reading these instructions,
replace this blue text with your evaluation and change the font
color to black.

Sources
1. Michael A. Hitt. 2020. Strategic Management: Concepts and
Cases: Competitiveness and Globalization 13th ed. Cengage
Learning.
2. Author. Publication Date. Title. Page # (written as p. #). How
to Find (e.g. web address)
3. Author. Publication Date. Title. Page # (written as p. #). How
to Find (e.g. web address)
2.2
Impacting Factors Tool
Stakeholder Identification and Engagement Strategies to Secure
Support
Stakeholders:
· Patients/ Resident
· Nurses
· Psychiatric physicians
· Dietitian
· Social workers
· Unit manager
Engagement strategies to secure support would be to:
· Collaborate with the nursing staff and explain the plan clearly
on how to improve depression on newly admitted seniors at
Lydia healthcare.
· Educate the stakeholders on early assessment for depression,
and the use of exercises and diet to eradicate depression on
mental ill seniors.
This strategy will be cost-effective to implement because it will
eliminate high rates of suicide as well as increase the census
rate. I believe these strategies will be effective in getting

everyone involved in the plan.
SWOT Analysis
Strengths
· The primary strength is the passion and commitment of the
team.
· Good communication channels between family, patients and
the staff.
· The team is composed of experts in the field of mental health,
psychology, dietitian, and social work.
Weaknesses
· A lack of awareness of the issue among key stakeholders,
including mental ill seniors, their families, and the staff who
support them (Vafaeinasab et al., 2022).
· A lack of resources to effectively engage all stakeholders in
the issue.
· Lack of nurses and other staff to take care of mentally ill
residents.
Opportunities
· The opportunity to raise awareness about the problem of
depression in seniors with mental health issues.
· The opportunity to engage all stakeholders in the issue and

secure their support for taking action to improve mental health
and psychological well-being for seniors. (Chen & Xu 2020).
· Improve seniors overall wellness.
· Decrease the number of seniors with depression.
· Improve nurse and patient interaction.
Threats
· Poor implementation may result from uncertainty about the
cost and services offered when engaging a personal trainer.
· The efficient execution of this plan may be hampered by
newly admitted seniors switching from their personal doctor and
their medical diagnostic.
· If a recommendation calls for the use of a public or outdoor
exercise facility, the availability and rules of that facility will
determine how well the plan is carried out.
Financial Implications of the Capstone Project
• Patient financial impact: There is no patient financial impact.
The facility's expenses will include the cost of bringing on a
personal trainer who comes in 2 times a week for 3 weeks. This
will be an estimated cost of about $180.
• Potential income: The facility will avoid needless medical
expenses associated with misdiagnosed or incorrectly diagnosed
depression.
• The prospective revenue will exceed the project's possible
cost.

External Influencing Factors
There are a number of external factors that could influence the
success of the project. Some of the external factors that could
influence the project include:
External Stakeholder Engagement
· Patients, family members, mental health specialists, and
general health workers (Tyndal et al., 2018).
· Engagement with the stakeholders should be done during the
first stage of the planning.
State/Federal Regulations
· The set legislation will influence the outcome of the project
· Examples include Food and Drug Administration regulations
Accreditation
· The presence of accreditation bodies such as the Joint
Accreditation committee will influence the outcome of the
policies
· Examples include National Patient Safety Goals.
Outcome statement for the capstone project
A special assessment of seniors with mental illness who are
also exhibiting depressive symptoms will be done by 10% of the
workforce. Conduct and observe seniors as they work out for 30
minutes, three times a week, doing things like stretching and
stair climbing. Assure the elderly have an adequate diet. At the
end of each shift, all shifts will record and submit their report.
After eight weeks, the entire report will be assessed to
determine whether we succeeded in lowering senior residents

with mental illnesses' rates of depression to 5%. The number of
individuals who have demonstrated improvement in engaging in
the facility's socially organized events will be used to measure
this.
No modifications were needed for this outcome
Evaluation plan for the capstone outcome
The evaluation process will involve assembling all of the shift
reports. This objective will be achieved if all of the report's
findings lower the incidence of depression below 5%.
No modifications were needed for this outcome
3.4
Capstone Project Work Schedule
Activities
Target Date
Choose a topic for a planned change by outlining a problem in
detail, coming up with ways to address the issue in order to
bring about the desired change, formulating a problem
statement, and setting a desired outcome utilizing a SMART
objective.
9/3 /22
Identify the stakeholders who will be engaged in the change, as
well as any necessary physical resources, time resources, and
financial resources, to determine whether the change is feasible.
9/5/22

To examine the intended change and present evidence-based
research to support the need for a change, meet with the project
facilitator.
9/12/22
Analyze the most recent weekly admission records of elderly
patients who have mental illnesses and exhibit depressive
symptoms.
9/15/22
To introduce planned change and provide evidence-based
information to justify the need, meet with internal stakeholders
(nurses, nursing assistants, dietitians, social workers, personal
trainers, unit managers, and mental physicians). At this time, I
was also able to gather input on the intended result and respond
to queries and worries.
9/19/22
Examine the current obstacles to tool implementation, such as
staffing, financial and facility issues.
9/21/22
Determining on inclusion and exclusion standards for patients
who will follow a nutrition and exercise plan. To locate the
finest solutions for the elderly who are mobile and immobile, I
will rely on the personal trainer's advice. Every senior will
receive a recommended diet from the dietitian.
9/22/22
To analyze our progress and make sure we are following the
expected plan, I will have a second meeting with the project
facilitator.

9/26/22
To discuss the need for educational meetings to mobilize
seniors with depression and staff members to ensure suitable
practices are used for safety, I will met with the unit manager,
trainer, and dietician.
9/27/22
Second meeting to discuss roles of each staff member during
project implementation with internal stakeholders (nurses,
nursing assistants, dietitians, social workers, personal trainers,
unit managers, and psychiatric physicians).
9/29/22
I will be turning my blueprint into an action plan over the
course of the next four weeks, including an exercise routine and
food recommendations for seniors with depression. It will
progress as the resident is able and include several phases.
Upon admission, the resident will be evaluated to determine the
best phase for them. Exercise and dietary progress will be made
during the resident's stay as determined by the
inclusion/exclusion criteria. A daily 30-minute x 3 days walk,
yoga aerobics, and stretching exercises will comprise the first
phase. The second phase includes dancing, swimming, and
climbing. The third stage will involve senior outdoor activities,
movie outings, and bowling. Following each workout session,
residents will consume the proper amount of calories and
nutrients for their bodies through a balanced meal. During the
implementation of this plan, the nurses, trainers, and
nutritionists will be the senior residents with depression's
strongest supporters. The seniors with depression will have their
actions observed and recorded.
9/30/22-10/28/22
After the strategy is in place, I will visit the unit three times
each week to examine any obstacles or worries the team may
have at this time.

10/29/22
Examine the team's records from the 30 days of the strategic
plan's implementation for depression reduction (nurses, nursing
assistants, dietitians, social workers, personal trainers, unit
managers, and psychiatric physicians) to see if the outcome was
met.
10/31/22
4.3
Discussion: Capstone Project: Risks and Challenges Web Page
Identify Any Challenges with Implementing the Capstone
Project You Have Experienced
One of the challenges I experienced with implementing our
capstone project was Scope creep. This is when the scope of the
project expands beyond the original content. I addressed this
challenge by having weekly meetings with my team to discuss
the project's progress and ensure everyone was on
track(Heagney, 2016). Another challenge I faced was a lack of
resources. I addressed this by being creative with my resources
and reaching out to my stakeholders for help.
Discuss Potential Risks and Challenges That May Threaten
Your Capstone Project.
Three primary sources of change could potentially impact my
capstone project: schedule, cost, and scope. The schedule for

my project is very tight, and any delay could cause significant
problems. I need to ensure that all my team members are aware
of the schedule and working diligently to meet
deadlines(Heagney, 2016). The cost of my project is another
potential risk. I need to make sure that I can get the necessary
funding in place in order to complete the project. The scope of
my project is also a potential risk. I need to ensure that I do not
try to take on too much and am realistic about what I can
achieve.
Explain How Real or Potential Risks and Challenges Fit into the
“Triple Constraints Triangle”?
Risks and challenges can fit into the "triple constraints triangle"
in several ways. First, they can impact the schedule of the
project. For example, if a team member gets sick and cannot
work, this could delay the project. Second, risks and challenges
can impact the project's cost(Heagney, 2016). For example, if a
key piece of equipment fails and needs to be replaced, this
could increase the project's cost. Finally, risks and challenges
can impact the scope of the project. For example, if a risk
materializes and causes significant damage, this could reduce
the project's scope.
Describe A Contingency Plan Including Specific Strategies to
Manage the Real or Potential Risks and Challenges to Your
Project.
A contingency plan is a plan that is put in place to deal with
potential problems that may arise during a project. One strategy
is to have a backup plan for key team members in case they
cannot work(Heagney, 2016). Another strategy is to have a
contingency fund that can be used to cover unexpected costs.
Finally, it is important to be flexible and willing to adjust the
project scope if necessary.
Based On Your Assessment of Risks and Challenges, what, If
Any, Changes Are Needed to Your Strategic Plan or Timeline?
Based on my assessment of risks and challenges, I may need to

change my strategic plan or timeline. I may need to add some
additional buffer time into the schedule to account for potential
delays(Heagney, 2016). I may also need to increase the size of
my contingency fund to cover unexpected costs. Finally, I may
need to be flexible and be willing to adjust the project scope if
necessary.
5.3
Capstone Project: Financial Impact and Sustainability
What is the current financial impact of your capstone project
on the organization and the patient? Explain current costs
involved with project implementation, and how those expenses
are being funded. (Be sure to include the cost of both human
and material resources, as well as savings realized through the
initiative.
The project's progress is tracked using an estimate, and without
a plan, there is no control. (Heagney 2016). Reducing the
depression rate among newly admitted senior residents to 5 %
will have some financial impact on the
organization. Implementing the project will increase the
organization's budget for the year. The income lost by the
facility in the area of decreased census rate, increase in
hospitalization and suicidal rate, will be more than the change
in change project cost. Before starting the project, it is crucial
to let the residents know of the cost to them; this will enable
the residents to make informed choices and increase the
likelihood of compliance with the project. Luckily there will be
no financial cost to be incurred by the residents to implement
this project. Rather all the residents will have to contribute their
time and willingness to participate. The project is being
implemented by 10% of the workforce which includes nurses,
social worker, dietitian, personal trainer, unit manager, and
psychiatric physician that are required to work extra 30 minutes
three times a week. This is estimated to cost the facility an
additional $3000.00 in payroll over eight week period. The

estimated cost of weekly staff meetings, educating, and training
staff to document the result of the project plus the cost of
procuring additional exercise equipment is $2000.00. When
compared to the income from one depressed resident that was
paying $3000.00 a month ($3000.00x2 months = $6000.00) per
resident, you will find out my plan has a positive financial
impact of $1000.00 on the budget of the facility. But if the plan
achieved its goal of reducing depression to two people out of 10
residents, the positive financial impact will then be 8
x$6000.00= $48000.00 income -$5000.cost= $43000.00 profit
for the current year.
. What is the future financial impact of your capstone project on
the organization and the patient? Explain projected costs
necessary to sustain the change project, and how those expenses
will be funded. (Be sure to include the cost of both human and
material resources, as well as savings projected for the future.)
My capstone project will have a major positive financial
influence on the facility's and the resident's future financial
standing. This is due to the estimated $5000.00 cost of both
materials and human resources that will be required to maintain
the change project. While my proposal, which aims to prevent 8
out of 10 residents from developing depression, will earn
$6000.00 for each resident prevented ($48000 for 8 residents).
Therefore, even if one resident is kept out of depression, the
financial prognosis for the future appears to be quite
advantageous. The resident incurs no financial expense because
all that is required of them is their time and willingness to
participate in the change project.
Identify and explain any modifications to the capstone project
that are necessary because of financial considerations.
The facility won't put in an indoor pool for the senior resident
due to financial constraints. The seniors will instead be given a
membership card to a local private gym so they can go indoor
swimming as a modification to the change project. The
employees who will be watching over the elderly residents will
travel with them on a facility bus.

Describe the project-related activities you want to sustain after
your NUR-495 coursework is Complete, and explain how
sustaining these elements of the project will benefit the
organization. Include specific resources, stakeholders, and
collaboration necessary to sustain your change Initiative.
The project-related activities I would like to sustain after the
NUR-495 coursework is completed would be to encourage the
Facility to continue to carry out the three phases of exercise
that my plan recommended. Sustaining these project elements
will benefit the facility because the exercise will improve the
overall well-being of the resident health and decrease
depression and suicidal rates. This recommendation will then
routinely be carried out by 10% of the workforce which include
nurses, dietitian, trainer, social worker, unit manager, and
psychiatric physician.
6.3
Capstone Project: Evaluation
My strategic plan is to reduce the rate of newly admitted seniors
with mental illness who exhibit symptoms of depression from
100% (10) to 5% (2) by October 28th, 2022. This plan will
involve three thirty-minute phases of exercise 3x a week and
diet to achieve the goal. The exercise and diet will be monitored
and recorded by nurses, social workers, personal trainers,
psychiatric physicians, dietitians, and unit managers.
The evaluation approach entails comparing and assessing the
behavioral occurrences of seniors with depressive symptoms
from previous years before the exercise and dietary plan was
put into place, as well as data collected eight weeks after the
process started. The nurses, social workers, personal trainers,
psychiatrists physicians, dietitians, and unit managers. Will
keep an eye on and record every workout and dietary change to
make sure the elderly residents involved are adhering to the new
method. It will be decided whether the depression rate
decreased to 95% after examining their data. The examination

will be placed on October 31st, 2022.
The evaluation records kept during admission and the
assessment records kept at the conclusion of the plan will be
used to gather the data. If the documentation demonstrates a
significant decrease in the depressive symptoms of eight out of
ten seniors with mental illness displayed at the conclusion of
the implementation, the strategy has been successful. Analysis
of the information gathered from the social participation record
will be another tool (SPR). The documentation of the stages of
exercise and nutrition regimen was done in SPR. If the SPR at
the end of the plan's implementation shows a 95% increase in
social involvement from the SPR at the start, the objective has
also been met.
The information is credible because the three phases of
exercise are done 3x a week with dieting. The assessment log is
recorded by the nurses, social workers, and psychiatric
physician during the initial admission of the resident. The SPR
is documented at the start of every exercise by the nurses and
personal trainer. The unit manager checks all the recordings of
every other team member to ensure it was filled out correctly.
The only limitation in the evaluation plan is if the staff that
went out with the seniors to the local swimming pool forgot to
fill out the SPR. The information can be found and easily
entered into the chart by using the records of the local
swimming pool census sheet. At this time, I have only had one
staff forget to fill in their SPR charting. I think the project has
continued to run smoothly from that point and does not need
further modification or clarification.

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