Final Strategic Development - Organization is Johns Hopkins Medical

Running head: BCG MATRIX- MCKINSEY 7s FOR JOHNS HOPKINS HOSPITAL

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BCG MATRIX- MCKINSEY 7s FOR JOHNS HOPKINS HOSPITAL

BCG Matrix- McKinsey 7s For John Hopkins Hospital

Ebonee Jarrell

BCG Matrix- McKinsey 7s for John Hopkins Hospital

The 7-S Framework is known as a watershed model that addresses the critical condition, rather than structure in organizational effectiveness. This paper intends to review such 7-S Model and use it to create a BCG matrix for Johns Hopkins Hospital.

McKinsey’s 7-S Framework are (1) style which is the kind of leadership the organization uses to achieve their goals (2) skills which refer to the actual skills and competencies of the organization’s employees; (3) systems which refers to the daily activities and procedure that staff use to get the job done and the goals are met; (4) structure which is how the company is organized, how departments are structures; (5) staff which refers to the employees and their general capabilities; (6) strategy which is the organization’s plan for building and maintain a competitive advantage over its competitors;; and (7) shared values which is the core values of the organization where every S is anchored. This is the corporate culture and general work ethics.

BCG Matrix on the other hand is a business method which based its theory on the life cycle of products. It is known as the Boston Box or Grid or Charts that are divided into four types of scenarios, Stars, Cash Cows, Dogs and Question Marks. The Stars is the scenario where there is the optimum situation of high growth and high share, this method requires an increased investment due to the continuous growth; the Cash Cow cycle deals with low growth and high share. This scenario requires a low investment, but the growth is very slow; the Dogs method is the situation where the growth is low and the market share is low, this is one of the worst situations. In this situation if the products are not delivering the cash then it is best to liquidate; and the Question mark means high market growth but low shares. In this situation there is a high demand but low returns. It is best to try and increase market share or get it to deliver cash.

BCG Matrix for JOHN HOPKINS HOSPITAL

QUESTION MARKS	STARS
Staff · The package they receive depends on whether they are union or non-union Shared Values · The culture is unique in that it combines a liberal arts spirit of learning with the facilities and resources a larger research institution has to offer but many perceive that the hospital environment seem so cold and uninviting to say the least.  The work environment is not inclusive and direct (Indeed.com).	Strategy · It aims for precision · It is committed to enhancing the health and wellbeing of the families we care for, in an environment of quality, growth and learning. · Its mission is to improve the health of the community and the world by setting the standard of excellence in medical education, research and clinical care. Skills · The staff are skillful, reliable and dedicated. · The hospital has a Skills Enhancement Program. · They have Knowledgeable staff. · The hospital is dedicated to helping employees meet their personal education and career goals. Systems · It is pushing the boundaries of biomedical discovery, transforming health care, advancing medical education and creating hope for the society · It has a great work culture and system where staff learn something new every day. · It has room for growth. They practice good teamwork. · They have always something new to learn. · They have updated technology and equipment.
DOGS	CASH COWS
	Structure · John Hopkins structure has decentralized organizational structure that contributes to a silo effect that limits the spread of ideas, practices, and culture
	Style of Leadership · Leaders still need to make their staff aware of what they need to work on · Leaders need to develop and implement plans to address any areas of improvement.

References

Indeed. Com. (2020). John Hopkins Health System Work-Life Balance Reviews. Retrieved from: https://www.indeed.com/cmp/Johns-Hopkins-Health-System/reviews?fcountry=US&ftopic=wlbalance

McKinsey. (2008). Enduring Ideas: The 7- S Framework. Retrieved from: https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/enduring-ideas-the-7-s-framework#

Mindtools.Com. McKinsey 7-S Framework. Making every part of the organization work in harmony. Retrieved from: https://www.mindtools.com/pages/article/newSTR_91.htm