Question

You have been asked to provide more data to support your strategic recommendations that the organization should consider pursuing to effectively compete in the health care marketplace Prioritize all of the strategic recommendations that you identified in the Unit 2 report in order of effectiveness, explaining their impact on the organization’s competitive position in the health care marketplace. Prepare an estimate of the resources (operational, human, and length of time) that are needed to implement each of these recommendations. Using at least 3 appropriate financial ratios (compound annual growth rate (CAGR), return on equity (ROE), return on investment (ROI), net present value (NPV), profitability index (PI), internal rate of return (IRR), etc.) from your research, demonstrate the financial validity of each of your recommendations. Rank your recommendations based on financial impact.

Answer 1

To prioritize all of the strategic recommendations that an organization should consider pursuing to effectively compete in the health care marketplace, the following are the steps to be followed:1. Prioritize strategic recommendations based on effectiveness.In prioritizing strategic recommendations, it is essential to determine which recommendations have the most significant impact on the organization's competitive position in the health care marketplace.2. Prepare an estimate of the resources needed to implement each recommendation. In order to determine which strategic recommendations are most feasible, an estimate of the resources needed to implement each recommendation should be created.3. Using appropriate financial ratios, demonstrate the financial validity of each recommendation. In order to determine the financial validity of each recommendation, it is important to use financial ratios such as the compound annual growth rate (CAGR), return on equity (ROE), return on investment (ROI), net present value (NPV), profitability index (PI), internal rate of return (IRR), etc.4. Rank recommendations based on financial impact. Once the financial validity of each recommendation has been established, the recommendations should be ranked based on their financial impact.