Decision Making

Decision Making

I work in the healthcare industry   and I feel like the culture of a health care organization, whether big or small, plays an important role in the ethical decision-making it undertakes simply because when small businesses serving the health care industry place more emphasis on profit, they risk losing their integrity. Health care practices that are more concerned with their place in the market often face greater challenges in maintaining ethical standards. On the other hand, an organization that promotes a thoughtful culture fosters decision-making based on what’s best for your patients, your staff and the community as a whole.
While it can be difficult to predict exactly what will happen when an organization changes its strategy, but companies experience a number of common positive and negative effects going through a strategy transition. Changing an organization's strategy can change the way the organization operates, altering everything from organizational structure to the daily routines of employees. The process of changing a corporate strategy can be broken down into four distinct steps: planning, implementation, monitoring and review. In the planning stage, managers form their strategic vision into concrete, time-bound goals and objectives.
Changing strategy can have a number of positive effects. New strategic directions can help a company to adapt to changes in the legal environment or the marketplace. New strategies can help a company to perform more effectively or cost-efficiently, or can help them to enter a new, more profitable industry or market segment. Changes in strategy can also help a stagnant company to reclaim its former growth rates.
Not all of the effects of change are positive. Internal employee resistance can be a major barrier to effective change implementation, as certain people strongly resist any kind of change to the status quo or daily routine. There is also always the possibility of failure in new initiatives, leaving a company in a...