Each comment needs to be 250 words minimum with a credible research source.
READ COLLEGUES ESSAY (TWO SEPERATE ESSAYS below with minimum response of 250 words) AND RESPOND BY GIVING YOUR OWN INSIGHT, OPINION AND EXAMPLES!
WITH ONE APA REFERENCE. PLEASE STATE ESSAY 1 and ESSAY 2 when writing feedback response
Essay 1:
Organizations have to continuously enhance their strategies in order for future advancements and growth of their business. In order to achieve goals, strategic planning has to be implemented. “In a global market place, strategic planning and forward thinking have never been more important. If your organization wants to become or remain a key player within their industry, a strategic plan should be developed” (Davies, 2015, para.1). An essential part of all organizations including healthcare is the importance of human resources strategies including expansion, Contraction, and maintenance of scope. This is entirely due to the fact that it’s vital for healthcare organizations to fully comprehend the need for their organizations structure and resources so that changes can easily be made in order to always align the business to the growing trends in their particular industry. Human resources department is a valuable organizational asset because human resources professionals help to serve the underlying aims and goals of the healthcare organizations.
The adaptive strategies help to establish methods that ultimately help to achieve the organization’s vision pertaining to expansion, contraction, and maintenance of scope. These adaptive strategies have to establish guidelines that help them navigate their finances. Expansion of scope strategy primarily focuses on long-term growth objectives. This is entirely due to the fact that expansion strategies provide a map and clear guidelines for healthcare organization’s to achieve their growth objectives. For example, “
Expansion strategy is adopted to accelerate the rate of growth of sales, profits and market share faster by entering new markets, acquiring new resources, developing new technologies and creating new managerial capabilities” (Management For All, 2012, para. 1). Therefore, expansion strategy is usually applied by an organization when the healthcare facility is trying to achieve high growth compared to the organization’s past achievements. Furthermore, expansion of scope strategy also includes diversification, market development, and vertical integration. Diversification part of expansion of scope strategy allows management teams to recruit more people who have the required skills similar to the ones that are already in the organization.
Contraction of scope is also important strategy that includes divestiture, liquidation, harvesting, and retrenchment. Contraction of scope helps to establish more control over the operations of organizations by decreasing the size of business operations. “
With divestiture, an operating unit is sold off as a result of a decision to permanently a.
Each comment needs to be 250 words minimum with a credible research .docx
1. Each comment needs to be 250 words minimum with a credible
research source.
READ COLLEGUES ESSAY (TWO SEPERATE ESSAYS below
with minimum response of 250 words) AND RESPOND BY
GIVING YOUR OWN INSIGHT, OPINION AND EXAMPLES!
WITH ONE APA REFERENCE. PLEASE STATE ESSAY 1 and
ESSAY 2 when writing feedback response
Essay 1:
Organizations have to continuously enhance their strategies in
order for future advancements and growth of their business. In
order to achieve goals, strategic planning has to be
implemented. “In a global market place, strategic planning and
forward thinking have never been more important. If your
organization wants to become or remain a key player within
their industry, a strategic plan should be developed” (Davies,
2015, para.1). An essential part of all organizations including
healthcare is the importance of human resources strategies
including expansion, Contraction, and maintenance of scope.
This is entirely due to the fact that it’s vital for healthcare
organizations to fully comprehend the need for their
organizations structure and resources so that changes can easily
be made in order to always align the business to the growing
trends in their particular industry. Human resources department
is a valuable organizational asset because human resources
professionals help to serve the underlying aims and goals of the
healthcare organizations.
The adaptive strategies help to establish methods that ultimately
help to achieve the organization’s vision pertaining to
expansion, contraction, and maintenance of scope. These
adaptive strategies have to establish guidelines that help them
navigate their finances. Expansion of scope strategy primarily
focuses on long-term growth objectives. This is entirely due to
the fact that expansion strategies provide a map and clear
guidelines for healthcare organization’s to achieve their growth
2. objectives. For example, “
Expansion strategy is adopted to accelerate the rate of growth of
sales, profits and market share faster by entering new markets,
acquiring new resources, developing new technologies and
creating new managerial capabilities” (Management For All,
2012, para. 1). Therefore, expansion strategy is usually applied
by an organization when the healthcare facility is trying to
achieve high growth compared to the organization’s past
achievements. Furthermore, expansion of scope strategy also
includes diversification, market development, and vertical
integration. Diversification part of expansion of scope strategy
allows management teams to recruit more people who have the
required skills similar to the ones that are already in the
organization.
Contraction of scope is also important strategy that includes
divestiture, liquidation, harvesting, and retrenchment.
Contraction of scope helps to establish more control over the
operations of organizations by decreasing the size of business
operations. “
With divestiture, an operating unit is sold off as a result of a
decision to permanently and completely leave the market
despite the market's current viability” (Stahl, 2016. Para.
1). Therefore, applying contraction of scope is a difficult task to
implement due to that fact that there are many factors that have
to be considered before closing a certain business or corporate
operation within an healthcare organization. Careful analysis
has to be performed before a huge decision regarding finances
can be made because such decisions can have long lasting
affects on all future developments. Funding and overall
revenues dictates the success of an organization therefore it’s
important for organizations to continuously evaluate their
operations to see where capital can be used to achieve better
results. “An organization may divest a service because it needs
cash to fund more important operations for long-term growth,
the service may not be achieving management's goal, or the
service is too far from the organization's core business or
3. management's area of expertise” (Stahl, 2016, para. 2).
Therefore, Contraction is a difficult task to achieve because
many different entities have to be considered before dictating
funds to other areas of operations within healthcare
organizations.
Organizations take advantage of maintenance of scope strategy
when companies are trying to make minor adjustments to their
past strategies that has been effective to target their goals. If
the implementation of past strategies has been successful for an
organization then it’s more effective strategy for them to just
make their existing strategies better by making small required
changes as opposed to developing new strategies. Maintenance
of scope ultimately helps to enhance the facility, equipment,
and quality of care. Therefore, maintenance of scope allows
companies to continue their successful strategies with minor
changes that may further enhance the strategies. “
Maintenance of scope does not necessarily mean that the
organization does nothing; rather, management believes the
organization is progressing appropriately. The maintenance-of-
scope strategies include enhancement (doing better what is
currently being done) and status quo (attempting to stabilize)”
(Swayne, 2016, para. 1). Therefore, the major difference that
sets maintenance of scope strategy apart from other strategies is
the fact that when organizations have an implementation of
successful strategies that need to be made better, then
maintenance of scope is the best strategy that can provide
benefits. In this case, expansion, and contraction of scope
strategies can’t provide any help. “
When management believes that the organization is progressing
toward its vision and goals but needs to do things better, a
maintenance of scope strategy may be used. Neither expansion
nor contraction of operations is appropriate but “something
needs to be done” (Swayne, 2016, para. 2).
The entire foundation of an organization’s success rests on the
human resources and their abilities of implementing strategies.
Human resources management teams have to ensure ways to
4. allocate their resources based on the individual needs of the
company. “
HR professionals must ensure that there is a direct connection
between the policies, procedures, programs and services they
offer and
the organization’s larger purposes
. Absent clear and deliberate linkages, the HR department is just
a cost center that is undervalued and unappreciated” (Lee, 2013,
para. 6).
Additionally, human resources strategies are extremely
important. All the adaptive strategies including expansion,
contraction, and maintenance of scope have their own
challenges and benefits. To some point, contraction of scope
implementation is more challenging entirely due to the fact that
more financial decisions have to be evaluated in order to
accomplish the tasks associated with this particular strategy. If
organizations are able to implement the human resources
strategies properly, it’s possible for them to further increase
growth, revenues and their overall functionality and
profitability.
Essay Two:
hen one thinks of human resources, thoughts are often relegated
to recruiting and hiring of employees. However, there are other
aspects of human resources that are strongly linked to both the
implementation and management of organizational strategies.
The tasks and strategies required of the human resources
department will vary depending upon whether the company is
expanding, contracting, or maintaining scope (
Ginter, Duncan, & Swayne, 2013).
When an organization is focusing on expansion strategies, often
they are working to obtain new employees with the skillset
comparable to existing employees (
5. Ginter, Duncan, & Swayne, 2013). This allows the organization
to build on the current efforts and move forward with existing
strategies. However, there can be times when finding talent with
a more diverse set of backgrounds and talents to move the
organization into a new direction. The strategy utilized will
depend on if the company is looking to expand current efforts or
shake things up and move into unchartered territory. The
distinction between these two choices can be problematic for
human resources because the management of both strategies
benefit from more specialized skills of even the HR employees
completing the task.
Contraction strategies revolves more around moving current
employees
from their current roles, and sometimes from the organization
altogether. In the state of Michigan this was common practice a
few years back when the automotive industry faced hard times
and many related companies were offering buy outs to
employees to cut payroll expenses. It will be interesting to see
if a similar situation will exist in healthcare with the new
Presidential Elect’s promise to modify many of the changes that
have taken place with health care reform in recent years.
Maintenance of scope strategies work well when the previous
strategies and efforts of an organization seem to have been
successful. In this situation, leadership may not deem it
necessary to make any radical changes but instead maintain
previous efforts which will hopefully still allow for future
success.
In order for organizations to perform successfully and function
well with both the internal and external environment, it is
necessary to adopt strategies for expansion, contraction, and
maintenance of scope so that regardless to which strategy is
required at a given time, the organization can adjust accordingly
to any of the changes taking place in the industry (Salaibi,
2015). Regardless to the strategy being utilized, effective
implementation leads to greater productivity to the overall
6. company direction and the ability to accomplish the objectives
and goals of the organization (Burma, 2014).