Growth Strategies for Business

Growth Strategies for Business
Instructions It is widely believed that organizations that do not grow will not succeed. To that end, the textbook explores two avenues of growth that are available to organizations, and how each of these avenues relate to the operating model that has been adopted by that particular organization. The two avenues of growth described are: * Profitable Growth - Once an organization has successfully implemented a foundation for execution, adopted an effective operating model, and begun to make progress in increasing the level of maturity of its operations, it is possible to shift focus to expanding the activities that are the core objectives of the business. In our healthcare organization example, the organization might want to identify clinical areas in which to expand, once the hospitals and clinics are running efficiently and are generating revenue. Some healthcare organizations choose to focus some of their efforts on becoming the best cardiac hospital, or the best place for expectant moms to come for delivering their children. * Acquisitions and Mergers - An alternative method for growing the organization is to expand by buying up existing businesses through acquisitions and mergers. Again, the textbook describes the various operating models and discusses why some models are more suited for this type of growth than others. Certain aspects of this kind of growth make it more challenging, such as the needs for cultural integration and for changing existing processes to align with the operating model. This is more difficult than starting fresh. In this assignment, you are asked to consider the organization that you selected for your project, the operating model, and the level of maturity. Make recommendations for how this organization might choose to grow, using the strategy that is best suited and most likely to be successful. Support these recommendations with the logic that you used to make your selection. Once the enterprise architecture and foundation for execution are in place in your project organization, consider avenues of growth. Write a short paper in which you do the following: * Determine strategies for growing the organization. * Identify strategies that are realistic and appropriate for the type of organization. * Identify an implementation plan that is realistic in terms of resources and strategy. * Explain your rationale for the stated recommendations. * Follow APA style and formatting guidelines for references and citations, and create a document that is clearly written and free of grammatical errors.