Strategic plan case analysis at (Research Paper Sample)

Strategic Planning Case Analysis Student's Name Institutional Affiliation Course Title Instructor's Name Date Strategic Planning Case Analysis Chapter 1 Role of the Board of Trustees in providing oversight to CMC The board of trustees plays a crucial role in supervising and directing CMC. The board of trustees' role includes preserving the organization's financial stability and guiding the organization's strategic path. The board is also responsible for selecting and reviewing the organization's CEO, among other top officials. Furthermore, the board of trustees is in charge of risk management within CMC. The organization's board of trustees is also responsible for maintaining compliance with specific regulatory measures and keeping track of performance measures (Sammut-Bonnici, 2015). The CMC Board of Trustees' fiduciary responsibility can get subjected to arguments regarding whether the board has adequately upheld its mandate. Instances of ineffective asset management, rising competition, and diminishing performance are indicators of underperformance (Gürel & Tat 2017). However, indicators of performance like practical human resource management point to effective fiduciary responsibility How CMC board hold management accountable for the achievement of the strategic plan The board holds management responsible for achieving the strategic plan at CMC. One way the board has the management responsibility is establishing precise performance measurements and key performance indicators (KPIs) aligning with the strategic goals. The board committee further evaluates management's progress toward reaching the strategic goals and spots areas where performance may be lacking by routinely assessing these data (Harrison, 2021). The board also conducts regular performance reviews of the CEO and other top executives to ensure the management is held accountable for achieving their strategic plans. Changes to the board's role and types of members who should get appointed to the board. According to the case study, adjustments to the board's function and suggestions for the kinds of people who ought to get appointed to the CMC board become essential. These adjustments get intended to improve organizational governance, strategic supervision, and leadership effectiveness. Recommendations for change in board members' role The board should shift its role from simply focusing on oversight management but also other general administrative oversight functions. The board should take measures to contact the lower-level management and employees to understand their various challenges. Recommendation for changes of members within the board One notable recommendation would be to enhance expertise diversity among the member of the board. The board should consider variety when choosing members for particular seats. The measure of diversity increases expertise in the organization as there are people with a range of knowledge and experience in healthcare and hospital administration. Nother recommended change is to strengthen financial expertise. It is essential to have board members with solid economic backgrounds. Having sound financial management ensures effective utilization of the organization's resources. Therefore, the board should be sensitive to appointing members with proper financial management backgrounds. Providing ongoing education and training programs for board members also becomes essential in the above context. The training and education should enhance the board members understanding of the healthcare industry and governance best practices. The training should get aimed at equipping the board members with the current trends in management roles. Five areas in which Wilson's performance was outstanding Throughout his over 20-year stint as CEO, Don Wilson might have demonstrated excellent leadership. Below are instances where Wilson's performance remained notable: Leadership with Vision Wilson must have successfully given the company a clear direction and motivated everyone to work together to achieve that purpose. By providing clear visions and encouraging workers, it might have become easy for each employee to set individual targets and work towards a similar goal. Strategic Planning Don Wilson's strategies and methods might have provided long-term growth and sustainability for CMC. The company's success might have got primarily attributed to Wilson's ability to recognize market possibilities, evaluate competitor threats, and strategically place CMC within the healthcare industry. Financial Management CMC's previous achievements showed that Wilson might have had excellent financial management abilities. Making wise decisions, allocating resources, and managing costs are necessary to maintain a healthcare organization's financial stability. Wilson must have contributed substantially to the company's long-term success by maintaining financial strength and growth. Inclusive leadership Wilson might have excelled in creating inclusivity with CMC's management. The inclusivity of all members contributes effectively to the functionality of any organization. Including various members in the decision-making processes makes it easy to manage an organization. Priority in quality service. Wilson might have prioritized the type of services and products CMC produced. By providing quality services and products, it might have become easy to bring on board many customers and enhance the company image. Chapter 2 Various instances within the case study suggest that CMC has embraced transformational leadership in multiple capacities. However, there are various reasons why the entity ceased embracing transformational leadership styles. Why CMC no longer values transformational leadership Leadership Transition Wilson's departure, who got regarded as a visionary, might have resulted in a leadership void or a shift in leadership philosophies. Wiliams might have embraced transformational leadership, which became abandoned in favor of a different leadership style. Significant organizational changes or outside forces may have affected the leadership style of CMC (Namugenyi et al., 2017). These modifications may have sparked a shift towards a more transactional or directive leadership style, placing more emphasis on short-term objectives and operational effectiveness. Changes in CMC's strategies The healthcare industry may have necessitated a different leadership stance. For instance, there may have been a stronger focus on cost-cutting and operational efficiency if the medical center was experiencing financial difficulties or fierce competition, which would have resulted in a shift from the transformative components of leadership. Cultural factors The organization's principles and culture may have changed, impacting the leadership style. Cultural changes and transformation directly affect the leadership path each organization adopts. CMC's leadership characteristics CMS exhibits various characteristics that are unique to its management and operational structures. Below is a review of the outstanding characteristics. Visionary Although it is not explicitly stated, the prior CEO, Wilson, is referred to as a visionary leader. The above shows that he could have given the company a clear direction and motivated others to cooperate in achieving that purpose. Long-term strategic planning and an emphasis on innovation include frequent components of visionary leadership. Lack of Transformational Leadership The case study implies a shift from transformational leadership to other leadership methods. The problems with staff retention, attrition, and financial difficulties point to a more transactional or directive leadership style that puts short-term objectives and operational effectiveness. Financial Matters The case study also discusses CMC's financial issues. The economic factors may indicate future problems with financial management and executive-level judgment. It implies a sharper emphasis on financial knowledge and resource allocation. Employee Satisfaction oriented According to the case study, there have been cases dealing with employee satisfaction. This suggests that there might have been problems with the leadership style that harmed engagement and morale among the workforce. Leadership ethics currently in place at CMC and possible solutions Leadership ethics CMC has committed to upholding ethical standards in various ways. However, the level of its adherence to ethical standards remains to be under question and scrutiny. CMC has faced criticism regarding the lack of accountability and openness in its processes. Moral Problems at CMC and possible solutions CMC lacks clear ethical principles or a code of conduct, which might lead to moral ambiguity and erratic judgment. To address this, CMC could create and implement a complete code of ethics that distinctly states expected ethical behaviors, norms, and principles for executives and staff. Insufficient accountability and openness within CMC have compromised its moral leadership. It is crucial that leaders get held responsible for their deeds, and channels for reporting ethical issues ought to get developed. CMC may want to establish whistleblower procedures and provide secure channels for reporting unaccountability-related cases to encourage CMC has been in the limelight for its leadership styles and the type of leaders it has. CMC's leadership impacts the organization in various ways and capacities. CMC can fund initiatives that specifically target ethical leadership. The development of leaders who exhibit integrity, empathy, and moral decision-making abilities may be the primary objective of these programs. Chapter 3 The position of CMC relative to competitors Overall, CMC enjoys notable market dominance and advantages compared to its competitors. CMC has distinguished itself from its competitors by specializing in and providing exemplary c...