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Strategic Management Plan

In a previous posting you helped me create a five-year time line for implementing strategies for an outreach laboratory company and I need further help. (http://health.uchc.edu/clinicalservices/clinicallab/index.htm).

- Draft a budget for your organization estimating the costs and expected revenues from implementing the strategies that you have identified and use a five-year time horizon.
-Also, test your grand and functional strategies against the culture and based on this test, are all the strategies doable or will a change in strategy or in culture be required? Remember, one need not discard all the strategies if a few require alteration. If you cannot change the strategy or the culture, how might you implement the strategy by "managing around the culture?"
-Establish a structure for your organization and provide a diagram of the structure. Also, explain how the structure supports your grand strategy and select critical success factors for your organization. Why did you choose these factors?

Solution Preview

Draft a budget for your organization estimating the costs and expected revenues from implementing the strategies that you have identified and use a five-year time horizon.

Here is a budget for the strategies recommended.

Strategies Estimated Costs Estimated Revenues

Technology $5,000 $10,000
Computer Software $2,000 $5,000
IT Team $50,000 $100,000
Cocentric Diversification $20,000 $30,000
Conglomerate Diversification $20,000 $30,000
Physicians $100,000 $200,000
Continuing Education $5,0000 $10,000
Lawyer/Contracts $10,000 ...

Solution Summary

This solution drafted a budget for Outreach Labratory, tested grand and functional strategies and established structure for the organization and how it supports the grand strategy as well as critical success factors.

$2.19