BUSINESS AND FINANCE SPECIAL INTEREST GROUP

Business Strategy Outline for the ATA Business and Finance SIG

 
1. MISSION/SOCIAL RESPONSIBILITY OF THE TELEHEALTH/E-COMMERCE INITIATIVE
  a. Reason for being in business - basic product or service, primary market, principle technology
b. Economic goals of the business - survival, growth and profitability
c. Operating philosophy in terms of quality, company, image, and self-concept
d. Core competencies and competitive advantage
e. Customer that are desired and can be served
f. View on /relationships/responsibilities to stakeholders, communities, the environment, social issues, and competitors
g. Identifies collaborative mission/vision of partnering organizations and builds a mission/vision that reflects all stakeholders including the parent or leadership organization
h. Mission/vision is shared and adopted by all participating organizations
     
   
2.   TELEHEALTH AND E-COMMERCE INDUSTRY ANALYSIS
    a. Product or Service Specification
    b. Market Analysis
     i. Target Market
ii. Segmented Market
iii. Market share availability
iv. Brand Name affiliation - Organization or Product
       
       
3. INTERNAL AND EXTERNAL ANALYSIS OF THE TELEHEALTH ORGANIZATION
  a. Remote Environment - local, national, global
    i. Economic, social, political, technological, and ecological impact
  b. Industry Environment
    i. Entry barriers
ii. Supplier power
iii. Buyer power
iv. Substitute availability
v. Competitive rivalry
 
  c. Operating Environment
    i. Competitors
ii. Customer Profiles
iii. Labor and Supplies
iv. Asset and Accounts Management
v. Human Resources - Nature of the Labor Market
  d. Methodology for Internal Analysis - making meaningful comparisons
    i. Resource-based view
ii. SWOT analysis
iii. Value Chain analysis
 
       
       
4. STRATEGIC ANALYSIS AND CHOICE FOR TELEHEALTH INITIATIVES
  a. Long Term Objectives
    i. Profitability
ii. Productivity
iii. Competitive Position
iv. Employee Development and Relations
v. Technological Leadership
vi. Public Responsibility
 
    b. General and Grand Strategies Foundation
    i. Concentrated Growth
ii. Market Development
iii. Product Development
iv. Innovation
v. Horizontal and Vertical Integration
vi. Concentric Diversification
vii. Conglomerate Diversification
 
       
       
5.   SHORT TERM OBJECTIVES
    a. Priorities that are measurable and linked to long-term objectives
b. Functional Tactics - time horizon, specificity, participants who will develop them
c. Policies - empowering operating personnel
       
       
6. ORGANIZATIONAL STRUCTURE OF PARENT ORGANIZATION AND AFFILIATIONS
    a. Match structure to strategy
b. Balance of need for control/differentiation with the need for coordination/integration
c. Emphasize and support strategically critical activities
d. Define strategic business processes
e. Self-management - force decisions at operations level
f. Virtual vs. web-based organizational structures
       
       
   7. TELEHEALTH ORGANIZATIONAL LEADERSHIP OBJECTIVES
    a. Clarifying strategic intent
b. Shaping organizational culture
c. Maintaining relationships
d. Strategic planning for viability and sustainability
       
       
   8. STRATEGIC CONTROL AND PERFORMANCE MANAGEMENT
    a. Strategy
     i. Premise control - systematically and continuously checks validity of premises on which strategy is based (environmental and industry factors)
ii. Strategic surveillance - monitors broad range of events inside and outside the organization that are likely to affect the strategy
iii. Special Alert Control - responds to sudden, unexpected event
iv. Implementation Control - assess the overall strategy in light of the results associated with incremental actions to implement the program.
    b. Performance Management
     i. Balanced Scorecard - measures against goals and objectives
ii. Strategic planning
iii. Performance Measurement - measuring results against short and long term objectives
iv. Integrated Business planning
v. Organizational Results Reporting
       

ATA Special Interest Groups (SIG's)

Business and Finance Home Telehealth Human Factors International
Mental Telehealth Ocular Telehealth Technology Teledermatology
Telenursing Telepathology Telerehabilitation


If you are interested in participating in the Business and Finance Special Interest Group simply contact the chair of the SIG or email ATA at membership@americantelemed.org or call ATA at 202.223.3333.


© 2004 American Telemedicine Association
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