Scenario analysis

In unit 2 discussion 2, we are asked to select a health care organization and conduct an external environmental assessment using a framework or tool. The organization selected is the military Area Support Medical Company (ASMC). The external environmental assessment was conducted with the PEST concepts. PEST is an acronym for political, economic, social, and technological. The terminology represents the framework organizations use to evaluate the external factors that affects their business…

“Regression analysis is a very effective quantitative forecasting technique for short-, medium and long-range time horizons and can be easily updated.[i]” A simple linear regression model is a mathematical relationship between two quantitative variables, i.e. X and Y. Y is the variable we seek to predict based on the other variable X, for which we have information. Regression can predict Scanim’s personnel requirements for inbound operators at varying levels of Chrysler auto sales. In…

uses decision analysis and decision trees, which turns into a complicated mess when given a complex and multi-layered problem, like the one found in Smoketown (Bobrow and Dryzek 1987, 97). However, this frame’s strength lies in the approach since it already “views government as a collection of numerous (and partially independent) structures with their own agendas” (Bobrow and Dryzek 1987, 84). That view of government is nearly identical to the current state of SVAQC in the scenario, making the…

put out by the US Government, it reveals that alternative futures analysis explores multiple ways a situation can develop when there is high uncertainty and is most useful when the situation is too complex to trust a single outcome (US GOV, 2009). This scenario falls under the imaginative thinking category and best describes the current situation surrounding al Shabaab. Even though this method would form the foundation of the analysis, that does not preclude aspects of the other techniques from…

were created for scoring the degree of importance of different propositions in student concept maps. Compared to the previous non-weighting approach like the referent-based method, the weighting approach could help provide meaningful quantitative analysis when assessing students’ concept maps in terms of the importance of…

(Thompson 1990) and the analysis can be oriented on the general view of the organization or in comparison to it’s competitors (Deakins, Freel 2006) o Shouldn’t just rely on a SWOT, it should be used as an added tool to the management process (Dyson 2004) o External of company less control on and internal more control on, direct or indirect environment made of unstable variables (uncertainty) (Houben et al.1999) o Other models of strategic analysis can contribute to a SWOT analysis so as to…

Analysis of variance (ANOVA) is a process that is used to compare three or more population means at the same time (Donnelly, 2013). In this scenario, Mi Casa Front Porch restaurant is looking to better understand customer satisfaction levels. A student intern assisted Mario of the Mi Casa Front Porch restaurant with some data analysis from three different locations. Mario also recognized that there are two distinct customer types that frequent the three locations. Unfortunately, the student…

2.3 SWOT ANALYSIS A scan of the internal and external environment is an important part of the strategic planning process. Environmental factors internal to the firm usually can be classified as Strengths (S) or Weaknesses (W), and that external to the firm can be classified as Opportunities (O) or Threats (T). Such an analysis of the strategic environment is referred to as a SWOT analysis. The SWOT analysis provides information that is helpful in matching the firm's resources and capabilities…

basically used GIS analysis and some other spatial analysis techniques…

segments namely: Demographic, technological, economic, sociocultural, political/legal and global. Firms need to vigilantly track the different segments and assess changes in event in any of this segment that would affect performance. The firm should use scenario planning and have a contingency plan in place to respond and disrupt general environment changes.…