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Table of Contents Proposal Introduction Applying Traditional Strategic Thinking Tools Extending and Re-Framing Your Sustainable Solutions Paper Applying Systems and Sustainability Frameworks Executive Summary References Proposal Vanderbilt University Medical Center is the company proposed for analysis in terms of its profitability, sustainability, and overall effectiveness with the help of different tools such as the SWOT analysis, sustainability analysis, value chain analysis (NetMBA.com, 2007), and a number of other different methods that can contribute to the overall image of the organization. The organization is engaged into a chain of activities including health care services and educational field which can be considered its major specializations. At the same time, it is important that the company can perform its functions effectively regardless of the number of fields in which it specializes including research and health care as well as education. As suggested in the study by Senge, Smith, Kruschwitz, Laur, and Schley (2008), “societies are not monolithic” (p. 8). In this respect, the difference between various components of the society should be addressed in an appropriate way bearing in mind this very difference. The evaluation of the Vanderbilt University Medical Center can help demonstrate the practical implementation of analysis in terms of the effectiveness of the organization and its sustainability taking into account the employees and employers relations, corporate social responsibility component, and the roles and potential benefits of stakeholders from changes that may be introduced. Harvard Business School Press (2005) states “strategy in the absence of effective implementation is pointless” (p. 64). In other words, the evaluation of the organization is necessary for further improvements because knowing the theoretical framework of the organization, it is easier to apply practical decisions to its elements. In addition, every step in critical thinking requires a profound approach which is selected in accordance with the specific goals of the organization and its functions including the analysis of stakeholders and the role of employees in the maintenance of the organization. Introduction As suggested in the study by Porter and Millar (1985), good research base can be considered one of the competitive advantages of an organization involved in business activities. As the Vanderbilt University Medical Center carries out educational functions and health care activities, its research base should be really profound. Get your 100% original paper on any topic done in as little as 3 hours Learn More In other words, the need to apply strategic thinking in this organization becomes apparent after analysis of its strengths and weaknesses. The concept of sustainability is present in the Vanderbilt University Medical Center due to the complex approach selected here to maintain different fields effectively combined with the core in health care and education. Applying Traditional Strategic Thinking Tools Stakeholder identification and value analysis. Freeman (1984) and Freeman and Gilbert (1988) have outlined an approach when stakeholders are identified in terms of their role and potential benefits as well as possible contributions in the corporate social responsibility. The main stakeholders of the Vanderbilt University Medical Center are employees, patients, researchers and scholars, public, media, politics, authorities, and other health care institutions. According to the value-creation approach introduced by Wheeler, Colbert, and Freeman (2003), the Vanderbilt University Medical Center has “a value-neutral or trade-off perspective, typically associated with effective corporate philanthropy and stakeholder communications” (p. 11). General force analysis. The general forces for this organization include demographics, technology, progress, religion, views of people, and education. Porter’s five forces industry analysis. As the organization performs effectively, the main forces that can shape its competitive methods include the bargaining power of suppliers and the bargaining power of buyers (Porter, 2008, p. 27). Detailed value chain analysis. The performance of new entrants to the industry would insignificantly shape the position of the organization in the market because it I not the major force that would shape its performance. Detailed SWOT/SCOT analysis. Kaplan (2004) states that SCOT theory emphasizes “stabilization and closure” (p. 487) while Böhm (2009) suggests analysis of strengths and weaknesses in the framework of SWOT analysis (p. 2). We will write a custom Essay on Sustainable Solutions: Vanderbilt University Medical Center specifically for you! Get your first paper with 15% OFF Learn More Key success factors: Integrating the analysis. The potential skills and capabilities of the organization depend on the education level and the level of the research center which is a part of the organization. Analyzing the company strategy type. According to Gupta, Gollakota, and Srinivasan (2005) ‘specialization ratio’ is the main criterion of corporate strategy (p. 180). Analyzing the company strategy moves. The company strategy moves are often regarded as timing tactics (Kazmi, 2008, p. 256). In this respect, the steps the company makes characterize its moves. Alignment
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