QuestionQuestion

Final Paper

For your Final Paper, choose one of the following health care organizations:

• Mayo Clinic

Conduct an evaluation of the organization based on strategic planning analysis, which includes the strengths and/or weaknesses that are internal to the organization and opportunities and/or threats external to the organization.

Your strategic plan analysis must include at least three strengths and three weaknesses that are internal to the organization and at least three opportunities and three threats that are external to the organization.
You must utilize at least five valid sources in your analysis.
Examples of valid sources include organizational websites, annual reports, personal interviews with organizational leadership, investigative reports, government reports, and conference transcripts.

Your Final Paper must address at least five key areas, concepts, and strategies that are outlined in the course text. These include:

• Internal and external assessments

• Competitive marketing analysis

• Identification of stakeholders

• Overview and assessments of services provided

• Competencies and resource

• Public entities and regulatory requirements

• Demographics served

• Strategic financial planning

• Financial and operational outcomes

• Current and future direction of the organization of choice

Writing the Final Paper

The Final Paper:

1. Must be 8 to 10 double-spaced pages in length, excluding the title and references pages, and formatted according to APA style as outlined.

2. Must include a title page with the following:

Title of paper

3. Must begin with an introductory paragraph that has a succinct thesis statement.

4. Must address the topic of the paper with critical thought.

5. Must end with a conclusion that reaffirms your thesis.

6. Must use at least five scholarly sources, including a minimum of two from the Library.

7. Must document all sources in APA style as outlined.

8. Must include a separate reference page that is formatted according to APA style as outlined.

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These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.

Strategic Planning: Mayo Clinic

1.Introduction

Strategic planning is a managerial tool used by the organization to assess the future of an organization.
Swayne, Duncan, and Ginter (2012) point out that unlike other approaches such as SWOT and PESTEl, the strategic analysis focuses on internal and external parameters that increase or reduce the competitive advantage of an organization.

In the analysis of the external factors, the method analyzes the threats and the opportunities that affect the degree at which an organization is likely to achieve its strategic plan within the stipulated time.
On the other hand, the external factors include the strengths and weaknesses that arise from the adopted business model.

In this article, the author examines the Strategic Planning for Mayo Clinic. Mayo Clinic is one of the best non-profit organizations in America and has huge potential to grow into the international markets in the future.
The specific elements examined in the strategic planning include the internal and external assessment, demographic served, competencies and resources, market analysis and the future direction of the organization.

2. Internal and External Assessment
A. Internal factors
In management, the internal factors are the inherent aspects of a business model including the management structure, human resource management, finances, and the relationship between the various factors of production (Swayne, Duncan, and Ginter, 2012).

Together, these elements work together to increase or minimize the competitive advantage of an organization.
If the model adopted has more strengths than weaknesses, then the organization is likely to have a higher degree of success, and vice versa.

I. Strengths

i. Size

In 2014, the USA News and World Report Magazine named Mayo clinic as the best and biggest non-profit making health facility in the USA.
The massive size of the organization enhances its ability to collect funds and maintain effective operations throughout the year.
Additionally, the huge size reduces the cost of operations, as the management can enhance specialization of labor as well as outsource for the human capital resource.

Mayo Clinic has more than 3800 physicians and...

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