Boundary Spanning

518 Words2 Pages
bulb-icon

Recommended: Effective approaches to leadership and management in healthcare

Boundary spanning is important asset for all leaders in an organization. It gives update on all the parameters that a leader should consider. It is important to collaborate effective management across boundaries. In today’s world, it is very much necessary to know outside the organization, what’s happening around them and how the competitors are evolving. As a leader, we need to develop groups and teams across boundaries. It is very much important for a leader in a health care industry to go beyond the boundaries and know about the competitor’s positive and negative aspects. Boundary spanning is a 360-degree aspect in which a leader should be in touch of communities, organizations etc. At present, around the world, in growing health care, many …show more content…

Using informal communication and methods such as email and phone calls allow the managers to communicate the information to concentrate on internal issues that may occur.

In healthcare industry, it is useful to know insight of other health organizations which we are not aware of. Boundary spanning in health care organizations allow a company to gain more information about other businesses. Companies can reduce boundaries by making partnership with other companies. It is helpful for some companies to merge with bigger companies to gain advantage like knowing competitor’s strategies and to take on more market share. Another boundary spanning technique is a joint venture. A joint venture is when two or more companies come together to develop which, one could not handle. For example, Sagar hospitals and Apollo hospitals came together as a joint venture. Because of merging, Sagar Apollo hospitals pulled more crowd with improved facilities and they have captured the market. They have reshaped their policies, systems and processes to increase the efficiency of the organization. The main step of leaders is to see the diversity of existing relationships and networks. Synergy is also one of the technique where two or more companies come together to produce something which they could not do

Show More
Related

  • Network Development In The Managed Care Organization

    1375 Words  | 3 Pages

    To guarantee that its members receive appropriate, high level quality care in a cost-effective manner, each managed care organization (MCO) tailors its networks according to the characteristics of the providers, consumers, and competitors in a specific market. Other considerations for creating the network are the managed care organization's own goals for quality, accessibility, cost savings, and member satisfaction. Strategic planning for networks is a continuing process. In addition to an initial evaluation of its markets and goals, the managed care organization must periodically reevaluate its target markets and objectives. After reviewing the markets, then the organization must modify its network strategies accordingly to remain competitive in the rapidly changing healthcare industry. Coventry Health Care, Inc and its affiliated companies recognize the importance of developing and managing an adequate network of qualified providers to serve the need of customers and enrolled members (Coventry Health Care Intranet, Creasy and Spath, http://cvtynet/ ). "A central goal of managed care is containing the costs of delivering care, but the wide variety of organizations typically lumped together under the umbrella of managed care pursue this goal using combination of numerous strategies that vary from market to market and from organization to organization" (Baker , 2000, p.2).

    Read More

  • What Are The Differences Between Bournemouth Hospital And Poole Hospital?

    1024 Words  | 3 Pages

    Merged businesses can decrease many of their expenses. Cropped marketing budget, lower material cost, redundant employee layoffs, merging the patient’s database lessens the overall business costs. Often, merged business adopts new and innovative technology which may seem costly, but technology actually

    Read More

  • Honor Health Vision

    763 Words  | 2 Pages

    Honor Health is a hospital and physician provider system located in phoenix Arizona. Honor health is relatively new hospital chain, more specifically it is the result of a merger of Scottsdale hospital and the John C. Lincoln Health Network (Alltucker, 2013). Honor Health’s mission statement is relatively short, comprising only a single sentence. Their mission and vision statements are, “To improve the health and well-being of those we serve” and, “To be the partner of choice as we transform healthcare for our communities” (Honor Health, 2015). While their vision and mission statements impart a direction and goal for their organization, the vagueness of both statements may cause problems in guiding targeted strategic initiatives. This essay

    Read More

  • The Merger of Two Competing Hospitals: A Case Study

    3362 Words  | 7 Pages

    A merger is a partial or total combination of two separate business firms and forming of a new one. There are predominantly two kinds of mergers: partial and complete. Partial merger usually involves the combination of joint ventures and inter-corporate stock purchases. Complete mergers are results in blending of identities and the creation of a single succeeding firm. (Hicks, 2012, p 491). Mergers in the healthcare sector, particularly horizontal hospital mergers wherein two or more hospitals merge into a single corporation, are increasing both in frequency and importance. (Gaughan, 2002). This paper is an attempt to study the impact of the merger of two competing healthcare organization and will also attempt to propose appropriate clinical and managerial interventions.

    Read More

  • The Mayo Clinic: A Performance Management Assessment

    2102 Words  | 5 Pages

    Competitive advantage matters greatly to those responsible for the management of healthcare institutions. Together with rapidly escalating healthcare costs, increasingly complex medical technologies, and growing regulatory and legal pressures, healthcare organizations face a critical need to improve the quality of care at reduced costs (Cu...

    Read More

  • Whirlpool Corporation Case Study

    783 Words  | 2 Pages

    How can firms minimize or manage the bumps, hurdles, or conflicts that often occur when firms join together in an alliance or partnership?

    Read More

  • budget

    803 Words  | 2 Pages

    ... team cooperation and diligence in working toward common goals, the organization will be able to accomplish significant process improvements resulting in improved quality and efficiency.

    Read More

  • Company Merger and Acquisitions

    1037 Words  | 3 Pages

    There are financial risks of merging with or acquiring an organization, this is why you must have a strategic plan in place in order to benefit. Companies merge with other companies for one main reason: to make money. A vertical merger happens when a company moves up or down its own product line. The sensible reason for merging with or acquiring a company is that it makes financial sense. In November 2004 Sears and Kmart said that they were going to be merging together; this combination would become the largest retail merger that there is.

    Read More

  • Mazda Motors Case Analysis

    1913 Words  | 4 Pages

    Before the alliance the two firms were in totally different market and they were also in different country but the industry was of same type. Both of the firms were aware about their future plan and lacking.

    Read More

  • Mega-Mergers In The Pharmaceutical Industry

    1575 Words  | 4 Pages

    In recent years, the price of research and development has skyrocketed, making it very difficult and expensive to introduce new drugs into the market. Companies are spending more than ever from their profit of sales revenues into research and development. Now looking at it from this point of view, a newly merged company will have such high profit and revenue that they will have the opportunity to spend as much as they want on research and development, without money being an issue or a concern. Technology is improving by the day, and with the merging of companies-these companies will join technologies and join their research making their progress advance exponentially. Our company- Verduga Inc.-has wasted a lot of money recently on research and development. If we were to merge with Coronado-Salinas Inc., we would see a vast increase in the amount of capital available to us to use in research and development. The downside is that research and development sometimes turns out to be just research. Big companies can get overconfident and after getting a couple of results they might get too compulsive and overspend in research and development.

    Read More

  • What Are The Advantages And Disadvantages Of Subway?

    3072 Words  | 7 Pages

    Brings together different skills and resources which means the joint venture are stronger than they were when they were independent

    Read More

  • Health Care Communication Paper

    1707 Words  | 4 Pages

    There is reduced communication breakdown leading to medical blunders such as gaps in health services and unfinished or lost information. Improving communication reduces such errors. It allows the hospital to obtain information about the views, complaints and wants of employees. The efficiency of internal communication improves mutual trust between the management and employees and gradually builds proactive staff that is increasingly cooperative increasingly cooperating (Kreps,

    Read More

  • Corporate Strategy Essay

    1030 Words  | 3 Pages

    First, companies identify interrelationships among already existing business units in order to seek for any opportunities to transfer skills or share activities. Second, companies select the core businesses that will be the foundation of the corporate strategy by determining the attractive industry and sustainable competitive advantages. Third, companies create horizontal organizational mechanisms to facilitate interrelationships among the core business units by strong corporate identity, mission statement emphasizes integration, and incentives for business-wide success. Fourth, companies pursue diversification opportunities that allow shared activities. Fifth, companies pursue diversification through the transfer of skills if opportunities for sharing activities are limited or exhausted. In other word, it is the stepping stone for sharing activities in the future. Sixth, companies pursue a strategy of restructuring if this fits the skills of management or no good opportunities exist for forging corporate interrelationships. At last, companies pay dividends so the shareholders can be the portfolio

    Read More

  • Benefits and Challenges Associated With Using Strategic Alliances

    1483 Words  | 3 Pages

    Most firms enter into a strategic alliance for some key reasons such as; for reduction of risk, for organic growth, for improvement in market, to select out more resources, to create worth and creation of new market, which a single firm might not be able to achieve by standing separately. Firms are also involved in an alliance for technological development and for sharing research and development cost. Despite the benefits involved in the formation and entering international strategic alliance, there are also pitfall, which might prevent the formation and growth of firms, it includes the selection of the right partner, partners been dependent instead creating its own strategy, managing partner's weaknesses and strengths, learning partner's cultural differences. Moreover, some big companies such as computers, telecommunication and biotechnology used different kinds of alliance to improve...

    Read More

  • Aol Vs Time Warner Merger Essay

    2391 Words  | 5 Pages

    ‘Horizontal Merger’ is when two companies with similar products join together. ‘Vertical Merger’ is two companies at different stages in the production process. ‘Conglomerate Merger’ is when two different types of companies join together. ‘Market extension merger’ is between two companies who produce the same product but sell in different markets. ‘Product Extension merger’ is between companies with related production but they do not compe...

    Read More

More about Boundary Spanning

Open Document