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MNG3702 Assignment 1 Semester 1 Due April 2024
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MNG3702 Assignment 1 Semester 1 Due April 2024
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MNG3702ASSIGNMENT 2
DUE DATE: APRIL 2024
, MNG3702
Assignment 2 Semester 1 April 2024
Strategic management within the business realm encompasses the thorough planning,
implementation, and oversight of an organization's resources and endeavors to attain its
long-term goals. This process integrates both leadership and management functions, a
concept exemplified in the context of Netcare.
Leadership at Netcare:
Leadership entails establishing a clear vision, motivating individuals to pursue that
vision, and fostering a conducive environment for their success (Northouse, 2019). At
Netcare, leadership involves delineating a compelling vision for the company's future,
emphasizing the provision of superior and secure patient care. This vision serves as a
guiding principle for all organizational undertakings.
Encouraging Innovation: Netcare's leaders promote innovation and operational
enhancements to bring value to stakeholders. By fostering an environment that
empowers employees to contribute ideas and skills, Netcare nurtures a culture of
innovation and continuous improvement.
Investing in Workforce Development: Netcare demonstrates its dedication to long-term
success by investing in workforce development and community engagement. This
investment not only enhances employee skills and morale but also fortifies the
organization's relationship with its stakeholders.
Management at Netcare:
Management encompasses the planning, organizing, and control of resources to
achieve specific goals. While leadership focuses on setting direction and inspiring
people, management concentrates on implementation and ensuring resource efficiency
(Daft, Murphy, & Willmott, 2010). Netcare's management ensures the consistent
delivery of excellent clinical services, showcasing effective operational control and
resource utilization in line with the goal of providing the best and safest patient-centered
care.
Engaging Strategic Stakeholders: Management strategically collaborates with doctors
and funders to drive organic growth. Through efficient planning and resource allocation,
Netcare establishes partnerships supporting its growth targets and sustainability.
Creating Strategic Partnerships: Netcare's management forges strategic partnerships
among service platforms and functions, exhibiting effective organization and
coordination of resources. This approach leads to streamlined operations and improved
service delivery across the organization.
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