Business Plan Cardinal Health

Without strategic planning, several things can go wrong including missing out on great opportunities. Strategic planning is an organization’s outline to help achieve its purpose. Although strategic planning begins at the top of the pyramid, it is more effective when it is carry out as a whole among other in the organization. Having a good internal control system in place protects an organization from high risk, fraud, and more. Jackson Memorial Hospital has several weaknesses which are similar to its competitors and other health care organizations. For instance, Mount Sinai Medical Center one of Jackson Memorial’s competitors, encountered lack of strategic planning that led to many issues such as with readmissions, surgical complications,

Wheelen, T. L., & Hunger, J. D. (2010). Concepts in strategic management and business policy (12th ed.). Upper Saddle River, NJ: Pearson Education.

Chain Drug Review. (2011). Medical Affiliations Bolster Care at Retail Clinics. Chain Drug Review, 33(15), 21.

The principle of a strategic plan is to define how the organization is making a decision and in what direction to pursue the strategy. This approach aids the team in focusing on its future. The policy will cover a five-year plan. A Feasible plan can only result in careful attention to the organization’s performance objectives and a detailed analysis of the internal and external environments (Sadeghi, 2013). A SWOT analysis is performed to allow the managers to consider both the inner and outer conditions of the organization. When an organization is planning an elaborate process, targeted at the future, irrespective of its nature, the managerial, economic, technical or technological, etc. necessitates, in advance, a detailed analysis of the organization’s current state. Or its procedural components or basic levels on which it will occur (Verboncu, 2016). The planning starts by assessing the current situation of the Cleveland Clinic’s business and environmental factors. A SWOT analysis will bring awareness of the strengths, weaknesses, opportunities, and threats. “The SWOT analysis helps the managers to formulate a strategic plan that considers the organizational ability to deal with whatever situation that is current. The planning process is ongoing, to continuously deal with changes in the environment and competitive conditions” (Mathis, 2011, p.39). The healthcare industry and its competitors are having a hard time with finances, but the Cleveland Clinic has substantial financial gains, a stellar record and excellence leadership, operational efficiencies, its human assets and human resource management all are a strength. The weaknesses are lower levels of patient satisfaction and efficacy, limitation of geographical growth, communication with other healthcare organizations, and transitioning to

Cardinal Health was founded in 1971 when founder Robert D. Walter opened a small distribution center in Columbus, Ohio, then named Cardinal Foods, Inc. In 1979 the food distributor branched out into pharmaceutical distribution when the company purchased a Zanesville, Ohio, drug distributor and became known as Cardinal Distribution ("Our history," 2011). The company evolved over the next several years; they went public and was renamed Cardinal Health in 1983, sold its food distribution segment in 1988, and become a global corporation with $103 billion in revenues and $1.5 billion in annual operation earnings in 2011 (Annual Report, 2011). Through several acquisitions over the past three decades

naviHealth Holdings, for $238 million, net of cash acquired of $53 million. The acquisition of naviHealth, a

Strategic Planning is also a big requirement for the award and the Mercy Health System is a successful integrated healthcare system, a strategy that underlies all planning efforts and is supported by the Culture of Excellence. Mercy Health System strategic planning consists of quality, servicing, partnering, and cost. For quality the strategic objective is to assure excellence in patient care, promote culture of patient safety, and advance information systems in technology. A long-term action plan is to Utilize caregiver teams to support evidence-based medicine, enhance processes to address national patient safety goals, implement integrated EMR. Short-term action plan would be to Implement concurrent review for core measures patients, improve communication of critical test results process, and apply Design, Build, and Validate phase of clinic. The Service side of strategic planning has a strategic objective to provide exceptional patient care, develop integrated programs and services, and promote community health initiatives. Its long-term action plan is to Maintain Customer Relationship Management committee to ID opportunities; expand Walworth Hospital and Medical Center. Implement initiatives based on community needs assessments. The short-term action plan will establish MHJ Inpatient PI team; implement action plan, Implement Community Health Center, In Partnering the strategic

As it is mentioned in the study, the acquisition strategy is in Cardinal Health’s blood and it is extremely good at acquiring firms and integrating them with the parent company. Cardinal Health’s acquisition success can be explained in four aspects. First, the company acquires only

This report will be following practical Strategic Management Process (SMP) outline in the following stages:

Cardinal Health Inc. was founded in 1971, as Cardinal Foods and then changed to Cardinal Distribution in 1979, and since 1994 is has been named Cardinal Health. Cardinal Health has become a leader in the healthcare services sector. The company serves more than 60,000 healthcare sites daily and has over 50,000 customers in North America. One-third of all distributed pharmaceutical, laboratory and medical products in the U.S. and Puerto Rico flow through the Cardinal Health supply chain (CardinalHealth.Com). Cardinal Health began its 3PL Business Solution shipping in 1997 and is the 3rd largest pharmaceutical wholesaler in the United States. Cardinal Health 3PL focuses of the driver of the supply chain performance using facilities, inventory, transportation, information, sourcing, and pricing. The drivers of supply chain are key for Cardinal Health 3PL Business Solution to be successful, effective, and responsive.

The health and information technology sector for contracting organizations represents a diverse range of companies from small business to corporations. Given the number of eligible and affordable options for contracting services, it is essential for an organization like Quality Software Services, Incorporated (QSSI) to develop, implement, and monitor its strategy for diversification and growth. Strategy, as defined by Barney and Hesterly (2014, p. 4), is defined as a theory proposed by an organization to gain visibility and market advantage over its competition. An organization formulates a strategy using a set of formal analytical procedures and decision-making known as the strategic management process (Barney & Hesterly, 2014, p. 4). The process analyzes whether the company’s strategic goals and objectives align with the mission statement.

23. Jawahar Babu K.V.S.N and B.Muniraja Selkhar, IOSR Journal of Business and Management (IOSRJBM) ISSN: 2278-487X Volume 2, Issue 5 (July-Aug. 2012), PP 01-05 www.iosrjournals.org

ZAMBIA CENTER OF ACCOUNTANCY STUDIES Programme: Bachelor of Arts in Business Studies Name: Mwaka Masiye Student No: 000754791 Subject: Managing Strategy (BUSI 1484) Lecturer: M Chanakira Business Strategy Game Report (Club Zed)

The study aims is to provide the strategic management and planning and explain why this would be important to the success of the business.

The purpose of Case study is to apply the concepts of strategic management to the facts related about a company's situation and performance and to make recommendations about its future course of action to enable it to compete with sustained advantage in its business environment. It is necessary therefore to develop an appropriate framework to do this. Depending upon the number of times a case is read and the care taken over it, the quality of analysis is likely to be detailed and focused. However it is possible to develop a reasonably good broad understanding that will permit an acceptable level of analysis and basic recommendations even after one reading provided the student knows what to look for