StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Hca Hospital Corporation of America - Essay Example

Cite this document
Summary
Hospital Corporation of America Name: Institution: Course: Tutor: Date: All businesses start with the aim of expanding their operations to make as much profit as they can; the process of expansion is what can be termed as business growth (McDonald, Shalloo, Pierce & Horan, 2013)…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Hca Hospital Corporation of America
Read Text Preview

Extract of sample "Hca Hospital Corporation of America"

Download file to see previous pages

Indirect competition from companies that produce cheaper substitutes also encourages the business to grow otherwise it will be pushed out of the market. The desire by organisations to enjoy economies of scale in terms of management, purchases, production, marketing among other forces them to expand which guarantees them saving due to bulk purchase of materials, spreading of overheads, higher bargaining power and expert management (Kazanjian & Drazin, 2009). Increase in demand for the products that a company manufactures also contributes to the motivation of a firm to grow in order to meet the growing demand for its products and services.

Prestige and power that comes with managing big firms may also motivate the management to expand their organisations (Kumar, 2010). In addition, government policy in some countries, especially the planned economies requires business to operate under certain rules and regulations. Businesses may grow in order for them to meet these regulations and enjoy the quotas, subsidies and incentives that the government gives to businesses. With the controversies that have surrounded Hospital Corporation of America (HCA), the company need to review its growth strategies to ensure it redeems its image and to put it in a constant path of growth.

In coming up with the most effective strategies for growth, the company need to consider and follow the following steps. First, the company should plan about its growth strategies in order to for them to focus on meeting the customers’ needs and showing the corporations ability to meet them. Health care corporation of America manages a number of hospitals and medical centres in unites states and in united kingdom which provide general and specialised medical services to its clients. In planning, the hospital should put into consideration the various specific needs of the clients and employees in the countries and in different departments.

The plan should be client focussed clearly detailing the goals, strategies, and tactics that will be used and a specific timeline within which the goals will be achieved. The timeline should set aside time for training and mentoring employees to the organisational culture and best practises in the field of health care. The plan should also include the methods that the company intend to use in training, coaching and measuring the progress of the employees. Including staff in coming up with a strategy by allowing their input at the appropriate level will enable the management to obtain their commitment and accountability to the organisation.

The employees should be engaged in customer-focussed tactics that will ensure the corporation attracts new customers and retains the old ones. Role playing and scripting among employees will also be important, as it will give the employees a chance to test their newly learned skills. The corporation should provide mentorship programs by pairing new employees with old experienced employees. As a way of boosting morale among employees, the corporation should adopt some measuring and rewarding mechanisms in its growth strategy.

Compensation and reward programs, staff development and training should be aligned with activities and results of staff involved in improving customer experience in the corporation; this will be to boost the morale of the staff to offer their best to

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Hca Hospital Corporation of America Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Hca Hospital Corporation of America Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1487153-hca-hospital-corporation-of-america
(Hca Hospital Corporation of America Essay Example | Topics and Well Written Essays - 1000 Words)
Hca Hospital Corporation of America Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1487153-hca-hospital-corporation-of-america.
“Hca Hospital Corporation of America Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1487153-hca-hospital-corporation-of-america.
  • Cited: 0 times

CHECK THESE SAMPLES OF Hca Hospital Corporation of America

Gaining Approval from Organizational Leaders

Hence, for effectiveness of such a huge step, the Managing directors of the hospital are to be addressed through paper draft of the problem followed by detailed meetings that present the need to address this problem on humane level, and gaining their approval to make initiative for the change....
6 Pages (1500 words) Research Paper

Hospital Corporations of America

Hospital Corporations of america- Strategic Plan Name: Institution: Course: Tutor: Date: Introduction In today's competitive business environment, budget-oriented and/or forecast-based planning methods are sufficient for large corporations such as HCA to prosper and surpass their set goals and obligations.... Objectives In a bid to improve its productivity in terms of service delivery and improve its competitive advantage in the health sector, hca intends to improve its economies of scale in areas of management, purchases, production and marketing....
5 Pages (1250 words) Essay

Strategic Plan of Hospital Corporation of America

hellip; The research approach ensured that hospital corporation of america vision, mission, and people strategies and values statements align with the proposed strategic plan.... Varied recommendation for the best strategy were presented and one of them included planning about the growth strategies of the company and this is through focusing on meeting the demanding needs of customers and showing their corporation ability to them.... Employing customer-focussed strategy that will ensure the corporation attracts new customers and retains the old ones was also seen as an effective strategy for enabling the company to accelerate its growth....
15 Pages (3750 words) Essay

Publicly Traded Company - Community Health Systems

nbsp;… The threats to a corporation like CHS is the bigger corporation.... This was a major advantage when they did the hostile takeover of the Triad corporation.... Another weakness that is seen as a strength within the corporation is the need to make every department in a hospital the same in every hospital.... It does provide them with consistency within the corporation but it does not allow any creative vision from the people within these departments....
5 Pages (1250 words) Case Study

Individual 4 Criminal Justice

Corrections refer to one of the components of the criminal justice system that serves to punish and in many instances rehabilitate criminal offenders.... Sentences given to offenders range from probation to serving time in prison, with intermediate sanctions including sentences to a halfway house or community corrections program, home confinement, and electronic monitoring....
4 Pages (1000 words) Essay

US Healthcare System

This work "US Healthcare System" describes organizational responsibility within the healthcare system.... The author outlines the problems, development, the role of government.... From this work, it is clear that a comprehensive policy with voluntary involvement and lesser private participation can bring a long term solution to this issue of organizational responsibility....
12 Pages (3000 words) Research Paper

Discussion 1: The Influence of Mission and Vision on Planning

For non-profit health care organizations like hospital corporation of america, the mission and vision statements aims at making health care available, high quality and cost effective (hospital corporation of america, 2010).... dfHospital corporation of america (HCA).... hca factsheet....
1 Pages (250 words) Article

Hospital Industry Economic Analysis

This paper “hospital Industry Economic Analysis” summarizes dominant economic traits of the US hospitals (Typical Los Angeles, California hospital etc), five force analysis of hospital sphere, drivers of change in the hospital branch, major shifts in the past and likely changes in the future.... hellip; hospital is an important part of the overall economy in the United States.... Health care and hospital expenditure in the United States is the highest among the 30 high-income countries in terms of per capita and percentage of the gross domestic product....
20 Pages (5000 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us