This assessment builds upon the work you have completed in previous assessments. Therefore, you must complete the assessments in the order in which they are presented.
Prepare a TOWS matrix (1–2 page grid) that summarizes a health care organization’s threats, opportunities, weaknesses, and strengths. Then, write a 4–5 page analysis highlighting key findings from the TOWS matrix. Finally, create a 1–2 page draft strategic plan that describes four strategies for the organization to pursue, based on your findings from the first two assessments.
Preparation
To prepare for the assessment, you are encouraged to create a practice TOWS matrix, using the TOWS Analysis Worksheet, linked in the Resources. The practice matrix enables you to jot down your initial thoughts and then come back to it later to see whether anything could be expanded on in the matrix that you submit as part of your next assessment.
Consider your selected organization’s threats, opportunities, strengths, and weaknesses. In addition, keep the following key points in mind:
Assumptions: What assumptions do people in the organization’s internal and external environment have? What alternative assumptions might be useful in these situations?
Information: What information do your organization’s internal and external stakeholders have? What information are they missing?
Evaluation Criteria: What criteria would you use to evaluate the quality of the information and the effectiveness of existing or suggested strategies?
In addition, you may wish to review the assessment instructions and scoring guide to ensure that you understand the work you will be asked to complete.
Note: Remember that you can submit all, or a portion of, your draft analysis and strategic plan to Smarthinking Tutoring for feedback before you submit the final version for this assessment. If you plan on using this free service, be mindful of the turnaround time of 24–48 hours for receiving feedback.
Scenario
Your boss congratulates you on a fantastic job on the environmental analysis. She now needs your help with the next step in developing a strategic plan for the CEO—completing a TOWS matrix and accompanying analysis. After completing the TOWS matrix and your analysis, your boss also wants you to prepare a high-level, draft strategic plan for the organization.
You know that a TOWS matrix is a decision-making tool for developing strategic alternatives. You also know that you will be better able to develop a more effective strategic plan based on an in-depth analysis and understanding of the current environment.
Requirements
Complete this assessment in two parts:
Part 1: TOWS Matrix and Analysis
Complete a TOWS matrix and accompanying analysis. Download the TOWS Analysis Worksheet, linked in the Resources, and complete it for your selected health care organization. Incorporate your findings from the current environmental analysis you completed in Assessment 1. Be sure to include a minimum of 3–5 items in each quadrant of your matrix, which will give you a total of 15–20 identified and categorized items.
After completing your matrix, summarize the findings from your analysis of each of the four quadrants and develop a high-level, draft strategic plan containing alternative strategies.
Part 2: Draft Strategic Plan
Prepare a high-level, draft strategic plan for your selected organization.
The focus of this assessment is on applying the insights you have gained from your TOWS matrix and the environmental analysis you completed in Assessment 1 to the strategic plan. The information from the four quadrants of your matrix will serve as foundational criteria for developing your draft plan.
You must be able to look at your TOWS matrix results and then formulate four overarching strategies with at least one operational goal to support each strategy. Whether your strategies are to enhance the strengths you have identified or to improve weaknesses, your draft strategic plan must align with your organization’s mission, vision, and values.
As you prepare your plan, it may be helpful to review common strategies and goals many health care organizations develop and monitor. Use the following document, linked in the Resources, to guide your analysis of the TOWS results for your selected health care organization:
Common Strategies and Goals Health Care Organizations Develop and Monitor.
Include, with each of your strategies, the core assumptions regarding environmental opportunities and threats, organizational strengths and weaknesses, and organizational behavioral dynamics that are foundational to the strategy. For example, consider:
Service/product life cycle.
Product development.
Organizational culture.
Available funding to execute strategies.
Strategic Plan Requirements
The requirements, outlined below, correspond to the grading criteria in the TOWS Matrix Analysis and Strategic Plan Scoring Guide, so be sure to address each point. Read the performance-level descriptions for each criterion to see how your work will be assessed.
Incorporate methodologies from the knowledge-economy management approach in a strategic plan appropriate for your organization.
Integrate recent strategy management research findings into your strategic plan.
Synthesize operational and financial components into your strategic planning process.
Include your determination of the organizational structure (functional, divisional, or matrix) that best facilitates your strategies.
Create a clear, concise, well-organized, and professional TOWS matrix analysis and strategic plan draft.
Apply proper APA formatting and style guidelines to citations and references
Document Formats
Prepare your TOWS matrix analysis and draft strategic plan using a familiar and appropriate document format used by health care organizations, such as a memo, business report, or white paper.
Page Length Requirements
Your TOWS matrix should be 1–2 pages in length.
Your TOWS matrix analysis should be 4–5 pages in length (roughly one page per quadrant).
Your draft strategic plan should be 1–2 pages in length.
Supporting Evidence
Health care is an evidence-based field. Consequently, readers of these documents will want to know the sources of your information, so be sure to include applicable, APA-formatted source citations and references.
Additional Requirements
Submit all three documents for this assessment: 1) TOWS matrix, 2) TOWS matrix analysis, and 3) draft strategic plan. Remember, you do not need to submit your practice matrix.
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