Growth strategies Essay Example | Topics and Well Written Essays - 250 words

Growth strategies - Essay Example The product development strategy involves developing existing products or introducing new lines of products in order to increase the firm’s revenues. The market development strategy involves creating new markets for the company such as penetrating new geographical regions (Gaebler, 2010). Multinational corporations often utilize market development strategies. A diversification strategy makes sense when good opportunities can be found outside the present business (Kotler, 2003). Tenet Healthcare Corporation is a healthcare delivery system founded in 2003. It is one of the nation’s largest healthcare providers with 49 acute care hospitals in 11 states, 64 outpatient centers, 3.88 million outpatient visits (Tenethealth, 2009). The firm generated in 2009 over $9 billion in revenues. The company current has a presence in 22% of the United States region. The company recently made a strategic move to achieve growth. The growth strategy the company utilized was the market devel opment strategy. The company reached an agreement with Keystone Mercy Health Plan which covers Hahmemann University and St. Christopher Hospital for Children in Philadelphia (Tenethealth, 2011). I believe that the approach utilized by the company to achieve growth was the right decision. The firm was able to successfully penetrate the Philadelphia marketplace without investing resources.

Is job satisfaction a singular uni-dimentional concept discuss Essay

Is job satisfaction a singular uni-dimentional concept discuss - Essay Example The level of employee job satisfaction within an organization is very important because it affects the performance of the organization (Ostroff, 1992). Job satisfaction has been positively correlated with job involvement, organizational commitment and job performance and negatively correlated with employee absenteeism, turnover and perceived stress (Spector, 1997). Therefore, an assessment of the nature of job satisfaction, and whether it is uni-dimensional or multi-dimensional, is helpful in evaluating which motivational methods are most likely to be effective in advancing organizational goals.One of the best known expectancy theories is the VIE Model put forward by Victor Vroom, according to which expectancy relates to the belief that a particular action will be followed by a desired outcome. (Karwowski, 2006; Furnham 1997). This underlying aspect conditions an employee’s motivation on the job. Porter and Lawler (1967) extended this expectancy concept to the relationship bet ween individual motivation, work performance and job satisfaction.On the basis of individual expectancy, or the belief that a particular action will be followed by a desired outcome, Porter and Lawler (1967) define job satisfaction as a uni dimensional construct. i.e, one is generally satisfied or dissatisfied with one’s job. Their formulation of task motivation within an organizational set up incorporates only intrinsic factors and they observe that the accomplishment of a job relates task can be rewarding for an individual irrespective of any external rewards that are provided.