Jason Michaels has just been hired as CEO of Redstone Memorial Hospital, a 200 bed community hospital in an affluent suburban location. Redstone has an excellent reputation in its community, but the hospital has not changed its business strategy or strategic focus or services in 20 years. As a result, although the hospital excels at "bread and butter" inpatient care (e.g., normal deliveries, appendectomies), it has not developed the medical staff, technology etc. necessary to provide state-of-the-art service for "big ticket" items such as cancer and cardiac care. With the continuing trend to outpatient care for less serious conditions, and increased severity of illness for those that do enter the hospital, over time Redstone's ambulatory surgery unit has prospered but its inpatient occupancy rates have deteriorated severely. In fact, Redstone has lost much of its high severity inpatient business to University Hospital located in the inner city because of University's expertise with complicated medical disorders. It is clear to Mr. Michaels that Redstone has to change its business strategy.

a) name and discribe the four conditions that require deition making. what problem do you think Redstone Memorial Hospital is facing and describe how should the new CEO make his decition.

(b) Outline a strategy for Redstone that you think makes sense given the circumstances described above. Justify the strategy.

(c)What major issues does Redstone have to address from an organizational change perspective in order to implement the strategy?

(d) How would you go about addressing these issues?

X Google Translate x Chapter 1 Multiple Choice , X Financial Statements | Finaz X + .wileyplus.com/edugen/Iti/main.uni Return to Blackboard Assessment to accompany Birt, Accounting: Business reporting for decision making Help | System Announcements me: 10:57 AM / Remaining: 40 min, PHINTER VERSION BACK NEXT Question 21 HRM Consulting Pty Ltd started the year with total assets of $80 000 and total liabilities of $40 000. During the year the business earned $150 000 in income and Incurred $95 000 in expenses. Dividends of $20 000 were paid during the year. HRM's profit for the period was; $30 000. $40 000. $55 000. $35 000. Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER 11:57 AM DENG 9/05/2020 U O here to search acer11.40 Waterford University offers an MBA program that is widelyr respected around the world. The tuition for the program has always covered the costs of the program until a recent recession increased the sensitinit}i of students to the cost of tuition. The business school managers decided to freeze the tuition cost for the past few years. The director of the MBA program asked a cost accounting class to act as consultants for the program and to make recommendations on possible ways to reduce costs or to increase tuition. You are part of a student team assigned to this project. __._n___._.__._________n_______m can Accounting: Business Reporting for Decision Matting Required a. Describe the steps you will take as you analyse the program. ineludin 11.5 * maticn you would like to use. 3 types DE Infor- h. Explain how you would decide on an appropriate level of tuition costs. I ..l