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Running head: BUSINESS STRATEGY (MANAGEMENT) An exploration and critical analysis of East and North Herts NHS Trust Name of the Student Name of the University Author Note
BUSINESS STRATEGY (MANAGEMENT)1 Executive Summary Situational analysis of an organization allows their management to identify the present strength and weakness and observe threats in order to get knowledge about the opportunity to porper in the future. In this business report, the two situational analysis tool that is 5C analysis and SWOT analysis is taken into consideration. Through this snalysi it has been found that the organization East and North Herts NHS Trust serves the people of UK with quality medical care facility. Though there are many threats like poor treatment quality for the accident and emergency patients especially during the festival season. There were lack of bed resources for the critical patients and several operations also got postponed due to the same factor. It has been also found that through the organization have good financial reputation, they were failed to meet their target to attend emergency patients. They also face loss once due to cyber attack and this represents the poor maintenance of the data managed within the organization. This report highlights the qualitative and quantitative data for some of the strategic issues and desired recommendations is also made so that the performance of the organization can be improved.
BUSINESS STRATEGY (MANAGEMENT)2 Table of Contents 1.0 Introduction................................................................................................................................3 2.0 Discussion..................................................................................................................................4 2.1 Theories related to Strategic Situational Analysis.................................................................4 2.1.1 5C analysis......................................................................................................................4 2.1.2 SWOT Analysis..............................................................................................................6 2.1.3 PESTLE analysis-...........................................................................................................7 2.1.4 VRIO-.............................................................................................................................8 2.2 Identified strategic issues facing the business:......................................................................9 2.2.1 Issues in broad environment...........................................................................................9 2.2.2 Issues in industry environment.....................................................................................10 2.2.3 Issues in resources and capabilities..............................................................................13 3.0 Strategic options or recommendations.....................................................................................15 3.1 Developing transparent policies..........................................................................................15 3.2 Effective collaboration with local heath care services........................................................15 3.3 Recruitment of knowledgeable staffs..................................................................................16 3.4 Attainable changes in policies.............................................................................................16 3.5 Development of IT department and modern IT technology................................................16 4.0 Conclusion...............................................................................................................................17 5.0 Reference List and Bibliography.............................................................................................18
BUSINESS STRATEGY (MANAGEMENT)3
BUSINESS STRATEGY (MANAGEMENT)4 1.0 Introduction The situation analysis plays an important role in analyzing the strengths and weakness of an organization along with its threats and opportunity to prosper in future. Ginteret al. (2018) stated that this assessment also allows the company to focus on important details like actual size of the audience and noticing the positive traits in them through which the business can be improved. This assessment is also important for analyzing the business environment and the abilityofthecontenders.(Kotler2015)highlightedthatmanybusinesspeopleconsider assessmentsforproduct’ssituation,situationofthecompetitions,distributionsituations, opportunity and issue analysis and evaluation of environmental factors. The organization taken into consideration for this business report is East and North Herts NHS Trust. East and North Herts NHS Trust were established in the year 2000 and serves medical treatment and care services to the communal. This human care organization is best known for their every kind of simpleandchroniclediseases,bloodtestequipments,maternity,radiologyservicesand outpatient appointment services (Enherts-tr.nhs.uk 2018). Their strategy is based on their people, patients and their experience. They have 75.2% of the staff survey engagement score and have bullying and harassment score of 27% (Enherts-tr.nhs.uk 2018). Though they have 7.91% vacancy rate and a turnover rate of 26.35% within first twelve months of service but they have target set for each of these milestones in order to assess their organization’s performance and rate their efficiency (Enherts-tr.nhs.uk 2018). The two of the most important theories for strategic situation analysis in this report will be the 5C analysis and SWOT analysis. Thus report also highlights the main strategic issue of the considered organization in terms of issues in broad environment, industry environment and resources and capabilities. A plan will be presented so as to overcome the existing issues and a
BUSINESS STRATEGY (MANAGEMENT)5 recommendation section will highlight some of the strategies through which the suggested plan can be improved for future benefits. 2.0 Discussion 2.1 Theories related to Strategic Situational Analysis 2.1.1 5C analysis Themajorcomponentsofthe5Canalysisarecompany,customers,competitors, collaborators and climate. 2.1.1.1 Company Sauriaet al. (2015) stated that the main purpose for the analysis of company’s situation is to emphasize on its vision, strategies, capabilities, culture, technology used and objectives. Miyanjiet al.(2018) furthermore depicted that if these aspects are carefully measured, then it helps in understanding the current issues present in the organization and its future impacts if not addressed. East and North Herts NHS Trust values their patient’s first and thrives for continuous improvements that prove their excellence, they are also open and honest to everyone and prefer to work collaboratively as a team. 2.1.1.2 Customers In order to know about the target audience, market size, market growth, customer’s behavior, buying patterns, average purchase sizeand preferred retail channels, understanding the customer’s perspective is important (Skooget al. 2017). The patients throughout the United Kingdom are their customers. Moreover, due to their system for 4 hour treatment for the emergency patients, people who are severely injured are their prime customers.
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