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Strategic Finance

  1. At the eve of holiday season it is evident that we formulate all the good work we have done over the year and establish our credibility once again as an establishment that aligns the requirement of high customer satisfaction level with comparative ease. It should be mentioned that being ahead of competitors in any form is difficult but it is more difficult to sustain that comparative advantage and that too with relative effortlessness.

It can well be stated that Culture is the mix of values and shared beliefs that formulates the system of an organization. In general sense the culture of an organization is created by the corporate infrastructure which is dependent on the variables such as strategic thinking ability or depth, dedication level of the personnel and the amount of cooperation involved.

This entire mix is compositely known a corporate culture of an organization. While adopting a process centered strategy for a healthcare organization it would be important to keep in mind the basic degree of this culture and we can well boast that we are able to attain this high goal of professionalism that is evident in the results for the past few years of Mad River Community Hospital.

  1. It should be noted that the other departments at the hospital are continuing to flourish, the Wound Center, The Birth Center, Home Health, Adult Day Health, Occupational Health, PT, Dietary department are all in excellent state and in high spirit with the overall success of the hospital. Organization, in this context, can be divided into two segments in the field of operations. The first is its structure and the second is its process of decision flow. The structure of the organization is instrumental for the accountabilities that enable the company to achieve its objectives or mission. The process of decision flow is the tool that converts the results into coherent patterns that could be termed as implementation that would help in the controlling decision and implementation.

People or the human resource element is the most important factor of management strategies and is a wonderful ingredient of strategy implementation projects. It has been seen that without taking the human factor into consideration has yielded negative results for the ultimate success of the company. Thus this factor is to be taken into account as a vital asset of the organization. (Raps, 2004)

One of the most important variables for the success of the implementation process is the control system and instruments. The control system and instruments are those assets where on the organization can take and formulate action with more accurate results. For the hospital industry latest and advanced equipments are the key to better service and result.

Therefore if the top management are aware of the ability of the machines available and the there are enough means and abilities to control the machines the management would define their strategies accordingly in terms of formulating the optimum level and outputs and it can well be stated that we are highly accomplished in these areas.

  1. On an ending note it can be stated that we are looking forward to exciting things to come in 2007.  2008 promises exciting new developments in the overall development scenario of the Mad River Community Hospital.

Our sincere thanks and appreciation is given to you, our physicians and your staff, for participating in this process.

Merry Christmas and have a happy and prosperous New Year 2008.

References:

Raps, Andreas; Jun 2004; Strategic Finance

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