Business Research and Succession Planning

In unit 7 Discussion, we are asked to discuss the relevance of succession planning for any healthcare organization. Consider a selected healthcare organization and propose any specific challenges associated with that type of organization (funding, training, education, staffing, et cetera). Include the titles or departments that might be engaged to implement and monitor an innovative program or service.

How would you define research? What is the purpose of business research? How has the Internet changed the quality and quantity of research?

Because leadership is a key force in determining an organization’s success or lack thereof, the Gordons should consider putting a succession plan in place as soon as possible and should start grooming the would-be successor(s).

Match the letter of the answers on the right to the questions on the left.

In business, managers need to respond to any issues that may arise in the business. While one may be prone to do this based on past experience, the wiser choice would be to use business research to gather the information to make decisions as business research will increase the likelihood that the solution would make a positive impact. According to Business Research Methods, the definition of business research is the structured questioning which provides information by which to guide wise decisions that maximize the impact of the

The immediate issue is to make a decision on the future of the family company.

In this paper Team C has discussed the issue of poor employee retention concluding in a high employee turnover rate. This is an issue that can be common among some companies and that is a great example of

PRIMARY RESEARCH (e.g questionnaires, surveys), SECONDARY RESEARCH (e.g Inside Business: sales records, stock records) (e.g Outside Business: gov stats, media)

to help the organization, are they might be using secondary and primary research, and what the company might do in the future to expand research.

Similar to Finkelde, Samuel Chand and Dale Bronner also point out that preparing an organization for future leadership transitions can also bring benefits today. Succession planning ensures that “leaders and managers at all levels remain in sync with company goals, have defined career paths and developmental opportunities, and prepares you to respond effectively when key employees leave unexpectedly. In addition to developing leaders, a good succession plan ensures that your wisdom and knowledge transcend the current generation.” “When implemented properly, succession planning creates a leadership culture within the organization. A true leadership culture is one that identifies and develops people who are able to function across an organization, who are cross-trained in a variety of responsibilities, and are ready to adapt to a new role with competence and confidence,” say Chand and Bronner. The benefits of succession planning are for now and later.

Succession planning is a key part of filling leadership roles in the workforce. Leaders have been making decisions from the beginning of time. The term leader has many faces in life. Whether on a battlefield in ancient time or in modern society running a multimillion dollar business, leadership styles were used by leaders or managers to get results. A leaders effective succession planning builds the availability of experienced employees in all areas of an organization.

Companies should also identify early on the talented individuals who can be developed for advancement.

XYZ must have a method of defining the leadership needs that is consistent with the vision of the company and the desired outcome. XYZ’s hiring of new engineers must deal with potential talents and individual’s readiness to move up, a list of targeted needs must be outlined and specifically stated; such as the need of engaging and motivating employees, sales and other goals. Top management and leaders must be “directly accountable for the growth of leaders toward these targets”(Scott & Reynolds, 2010, Kindle Location 8334). An effective succession plan must have a development plan system. In the selection of high-talented leaders, XYZ organization must meet the standards of reliability, validity, generalizability, utility and legality methods of assessments. Leadership development programs in succession planning need to fit the requirements of both the organizations and the leaders undergoing development.

Marketing research is the process of systematic research of collecting, analyzing, and reporting marketing information that can be used to solve problems, so as to improve a company 's bottom line. Here I agree with Nathan that it helps the organisation to decide whether the product has a potential to survive in the market or not. This research will help Krispy Kreap to identify the need of their specific low-carb diet consumer. As in the video, Krispy Kreme specified that they can adjust their product to suit the specific needs of the consumer. It helps them to determined how market will respond to their product. For example, in under developed countries, as a whole people are not much educated about health realted issues as compared to

Desk research is basic low cost research. It is research conducted internally and externally. It is conducted internally to get a better understanding of the product’s strength and weakness, more or less SWOT analysis of the product. Externally done to get the basic understanding of the market and trends. It is very cheap and mainly conducted online and governmental publication. A huge amount of information is gathered and is a great