Category: Business Strategy

Summary Baylor Health Care System (Baylor) is a not-for-profit health system that is providing healthcare services to the community through patient care, education, research and community service. Its facilities include a network of hospitals, primary care centers, rehabilitation clinics, senior care centers, day surgery centers, fitness and wellness centers, imaging centers, specialty care centers and the Baylor Research Institute. The organization’s four hospitals including, Baylor All Saints Medical Center at Fort Worth, Baylor Medical Center at Garland, Baylor Regional Medical Center at Plano, and Baylor University Medical Center at Dallas, were recognized with Texas Health Care Quality Improvement Achievement Award by the TMF Health Quality Institute, the Medicare Quality Improvement Organization for Texas. Also, the organization opened a new comprehensive 16-bed Cardiovascular Unit at Grapevine for the treatment of patients with heart and vascular conditions. Baylor Health Care System is headquartered at Dallas in Texas, the US. Baylor Health Care System Key Recent Developments- May 10, 2011: Baylor Regional Medical Center Appoints Chris York As COO Jan 25, 2011: Baylor Charles A Sammons Cancer Center Appoints Daniel Hoff To Help Guide Innovative Clinical Trials Center Jan 13, 2011: Baylor Health Care System Implements EHR To Improve Quality Of Patient Care Aug 04, 2010: Baylor Garland Completes Expansion Of Emergency Department Jul 02, 2010: Baylor Plano Appoints Glenn Callison As Chairman Of Advisory Board Company’s Baylor Health Care System – Strategic SWOT Analysis Review provides a comprehensive insight into the company’s history, corporate strategy, business structure and operations. The report contains a detailed SWOT analysis, information on the company’s key employees, key competitors and major products and services. This up-to-the-minute company report will help you to formulate strategies to drive your business by enabling you to understand your partners, customers and competitors better. Scope – Business description – A detailed description of the company’s operations and business divisions. – Corporate strategy – Company’s summarization of the company’s business strategy. – SWOT analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. – Company history – Progression of key events associated with the company. – Major products and services – A list of major products, services and brands of the company. – Key competitors – A list of key competitors to the company. – Key employees – A list of the key executives of the company. – Executive biographies – A brief summary of the executives’ employment history. – Key operational heads – A list of personnel heading key departments/functions. – Important locations and subsidiaries – A list of key locations and subsidiaries of the company, including contact details.

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Baylor Health Care System, SWOT analysis, SWOT, Strengths, Weaknesses, Opportunities, Threats, Corporate Strategy, Overview, Key Information, Overview, Business Description, Major Products and Services, Brands, History, Key Employees, Key Employee Biographies, Key Operational Heads, Locations And Subsidiaries, Competitors, Company Statement

AUTHOR
Dr. Kenneth J Troon DBA MBA BBA

So you have good qualifications and good experience, you have seen it all, done it all, surely this entitles you to have a moral right to every good quality vacancy which comes along? Well, no it doesnt of course. No individual has a divine right to preference over other candidates and those who genuinely believe that they should are probably suffering from delusion. This is also somewhat of an arrogant attitude to have.

The fact is that someone with inferior qualifications and less experience may ultimately be better for the vacancy.

Employers tend to be less impressed by candidates touting past experiences and past achievements as justification for employment and more impressed by candidates who are well prepared, who research the vacancies professionally and prove not only how much they want the position, but how well suited they are for it.

The right candidate for the job should make it very easy for the employer to hire them!

We can learn a lot from perusing through a candidates CV, the candidates choice of education, professional qualifications and positions they have been employed in. They way in which the CV is written also tells us a great deal, whether the candidate is willing to take credit for achievements which were not really theirs to claim for example.

A CV which has been developed in a generic format clearly illustrates that the candidate just sends the same CV out for all vacancies.

Whether there is commitment to ongoing self-development or whether it is just something that the candidate did ten years ago. The candidates references are also important both in terms of whether they just about do what is required or whether they go that extra mile.

The fact is that candidates should be targeting the positions that they want.

They should be conducting significant research into both the position they want and into the respective organization and industry. They should develop a unique CV for each position for which they apply. They should prepare a detailed report and presentation leaving the employer in no doubt that they are head and shoulders above any other candidate who may apply, but this should be achieved by demonstrating substance, not by offering the employer empty boasts or promises.

Taking the time to implement a detailed professional career management strategy with a few positions that are tailor-made for you, will be far more productive than sending generic CVs out to thousands of employers when it will be somewhat obvious to them that you have not really put any thought or consideration into your application.

Many candidates just send their CVs out indiscriminately as attachments to standard or even blank emails and in the unlikely event that an employer actually contacts them they will invariably have no knowledge or understanding about the vacancy at all. It naturally follows that if you are unable or unwilling to put any effort into the development and implementation of your own career, then how much effort are you likely to put into the job if the organization employs you?

The list that follows here features the key critical career skills which we at the Academy of Business Strategy feel are important for a candidate to possess if they are going to succeed with their careers.

CRITICAL CAREER SKILLS (CCS)

1.Specific skills and experience rather than generic and the ability to target specific vacancies professionally.

2.A methodical approach to career planning and development.

3.The ability to be proactive rather than reactive.

4.An ongoing commitment to self-development. The more we learn, the more we realize how little we actually know!

5.Modesty and professional courtesy. The former portrays confidence and the latter conveys peer respect.

6.Preparation is everything. Thinking on your feet, while necessary at times, is always reactive by nature. Good preparation invariably avoids having to do this.

Predictive analytics is a solution used by many businesses today to gain more value out of large amounts of raw data by applying techniques that are used to predict future behaviors within an organization, it’s customer base, it’s products and services. Predictive analytics encompasses a variety of techniques from data mining, stastics and game theory that analyze current and historical facts to make predictions about future events.

Predictive models examine patterns found in historical and transactional data to identify opportunities and risks. Predictive models capture relationships among many factors to allow assessment of risk or potential associated with a particular set of conditions, guiding decision making for candidate transactions.

There are some basic and more complex predictive analytics techniques. Three basic techniques include:

Data Profiling and Transformations
Sequential Pattern Analysis
Time Series Tracking.

Data profiling and transformations are functions that analyze row and column attributes and dependencies, change data formats, merge fields, aggregate records, and join rows and columns.

Sequential pattern analysis discovers relationships between rows of data. Sequential pattern analysis is used to identify frequently observed sequential occurrence of items across ordered transactions over time. Such a frequently observed sequential occurrence of items (called a sequential pattern) must satisfy a user-specified minimum support. Understanding long-term customer purchase behavior is an example of the sequential pattern analysis. Other examples include customer shopping sequences, click-stream sessions, and telephone calling patterns.

Time series tracking tracks metrics that represent key behaviors or business strategies. It is an ordered sequence of values of a variable at equally spaced time intervals. Time series analysis accounts for the fact that data points taken over time may have an internal structure (such as autocorrelation, trend or seasonal variation) that should be accounted for. Examples include patterning customer sales that indicate product satisfaction and buying habits, budgetary analysis, stock market analysis, census analysis, and workforce projections.

More advanced predictive analytics techniques include:

Time Series Forecasting
Data Profiling and Transformations
Bayesian Analytics
Regression
Classification
Dependency or Association Analysis
Simulation
Optimization

Time series forecasting predicts the future value of a measure based on past values. Time series forecasting uses a model to forecast future events based on known past events. Examples include stock prices and sales revenue.

Data profiling and transformation uses functions that analyze row and column attributes and dependencies, change data formats, merge fields, aggregate records, and join rows and columns.

Bayesian analytics capture the concepts used in probability forecasting. It is a statistical procedure which estimate parameters of an underlying distribution based on the observed distribution. An example is used in a court setting by an individual juror to coherently accumulate the evidence for and against the guilt of the defendant, and to see whether, in totality, it meets their threshold for ‘beyond a reasonable doubt’.

Regression analysis is a statistical tool for the investigation of relationships between variables. Usually, the investigator seeks to ascertain the causal effect of one variable upon another-the effect of a price increase upon demand, for example, or the effect of changes in the money supply upon the inflation rate.

Classification used attributes in data to assign an object to a predefined class or predict the value of a numeric variable of interest. Examples include credit risk analysis, likelihood to purchase. Examples include acquisition, cross-sell, attrition, credit scoring and collections.

Clustering or segmentation separates data into homogeneous subgroups based on attributes. Clustering assigns a set of observations into subsets (clusters) so that observations in the same cluster are similar. An example is customer demographic segmentation.

Dependency or association analysis describes significant associations between data items. An example is market basket analysis. Market basket analysis is a modeling technique based upon the theory that if you buy a certain group of items, you are more (or less) likely to buy another group of items.

Simulation models a system structure to estimate the impact of management decisions or changes. Simulation model behavior will change in each simulation according to the set of initial parameters assumed for the environment. Examples include inventory reorder policies, currency hedging, military training.

Optimization models a system structure in terms of constraints to find the best possible solution. Optimization models form part of a larger system which people use to help them make decisions. The user is able to influence the solutions which the model produces and reviews them before making a final decision as to what to do. Examples include scheduling of shift workers, routing of train cargo, and pricing airline seats.

About Victor Holman

Victor Holman is a business performance and growth strategy coach, consultant, international speaker, entrepreneur and creator of the Business Performance Portal. He has provided his expertise to over 50 government agencies worldwide and hundreds of corporations of all sizes. His goal is to help small businesses outperform their competition by applying business growth strategies and assessment tools that work for large, successful businesses.

He provides business consulting for small and large size organizations, business coaching, team performance workshops, and in-depth on-site business assessments for business owners trying to take their business to the next level. His highly acclaimed Insider’s Secrets Club delivers fast, simple, easy to implement strategies for growing your business fast!

You can access his FREE business assessment tools, business management kits, business training programs, videos, templates, and more at http://www.lifecycle-performance-pros.com

Marketing communication is how a business can reach to its customers. It can be done through print advertisements, digital media, e-mails, newsletters, website content. It is basically the words and images that are used to communicate to the customers on making a sale and losing a customer.

How can you ensure to make the marketing communication as effective as possible?
If you get involved in poor marketing communications, then it will certainly impact the business in a negative way. You can provide the best product and service to the world, but without a proper marketing strategy your probable customers will never even try to give your business a shot.

What can you do?
A business that takes control of the marketing communications is aware that each and every message is a scope to attract the customers. The business is also well aware that the delivered message must provide a good answer.

It is very easy for a business to boast about all the good products that it has to provide. The customers really want to know how they can get a problem solved, or how they can meet a requirement. If you discover a way in which you can convey the desired messages and find solutions for it, then you will surely get ahead of all the businesses in the industry.

Blend uniformity and consistency
A customer who is well aware of what to expect from the business is the person who will trust you in a better way. When you create consistency in your marketing messages, then you will be supporting the significant business branding. The goal is to have the customer comprehend the tagline on the newsletter, or read the article online and decipher the message that is for the business. If you wish the marketing message of the business to be branded in the mind of the customer, then they will be able to identify you. You will become a known presence which will increase your level of trust and also your customer loyalty.

Keep it professional
If you do not want the integrated marketing communication to be too formal, then it is important to maintain a sense of professionalism. This will mean that your message will get conversational and it will also become polished. It is important to use language that is readable and the customers must be comfortable in the language being used. If you think editing is not your forte, then you must find someone who is good at it. There are some professional BBA Institutes in Delhi which will provide you the right perspective.