Level 7 Strategic Management, Innovation & Entrepreneurship in Health & Social Care – Coursework Report

ASSIGNMENT TASK

As Head of Strategy & Innovation for your organisation (which you are to select from among the list below), a key part of your responsibilities is to ensure the long-term competitiveness and financial sustainability of your organization through the strategies that you formulate.

YOUR TASKS

1. Critically analyse how your organisation’s strategic environments impact its current innovative and entrepreneurial You are required to apply relevant theoretical frameworks taught in class (as well as ones you have independently researched) in this task

(50 marks).

2. Critically evaluate your organisation’s current funding source(s) and propose one practical innovative and entrepreneurial strategy to increase the organisation’s funding streams in order to enhance its competitive and financial sustainability long term

(40 marks).

3. Present a report-style work, ensuring your writing is supported with credible facts and academic literature

(10marks). Total: 100 Marks

List of Organisations – select only one

Sector/Industry	Options of Case study Organisations
Health/Pharma	·         Almac Group – https://www.almacgroup.com/ ·         St John Ambulance – https://www.sja.org.uk/
Social Care	·         Thymia – https://thymia.ai/ ·         Diabetes UK – https://www.diabetes.org.uk/
Public Sector	·         HM Prison Service – https://www.gov.uk/government/organisations/hm-prison-and- probation-service ·         Citizens Advice Bureau – https://www.citizensadvice.org.uk/

ASSESSMENT CRITERIA

Your report will be assessed with reference to the below criteria, as summarised in the tables below, based on ARU Level 7 generic grading criteria.

1. A detailed and robust critical analysis of your organisation’s micro, macro and meso environments and how these impact on its innovative and entrepreneurial strategy (50 marks).
2. A justifiable, logical and practical proposition of an innovative and entrepreneurial strategy must be presented with potential for increasing the organisation’s funding/financial status (40 marks).
3. A professional report enriched with critical discussions and supported by credible facts and academic literature (10 marks)

READING REQUIREMENT

Johnson, G., Whittington, R., Scholes, K., Angwin, D. and Regner, P. 2023. Exploring Strategy-Text and Cases. [13^th edition] Harlow, UK: Pearson Education Ltd. Available through Kortext and/or ARU Library

Ratten, V. 2022. Managing Innovation in Organisations: Fostering An Entrepreneurial Approach. (1^st

Edition). Springer Nature. Available through Kortext and/or ARU Library

Ho, M., Linnenluecke, M., Verreynne, M. 2018. Organisational Resilience and the Entrepreneurial Firm (7^th Edition). Emerald. Available through Kortext and/or ARU Library

Harvard Business Review, Porter, M.E., Kim, W.C. and Mauborgne, R.A. (2011) HBR’s 10 Must Reads on Strategy (including featured article “What Is Strategy?” by Michael E. Porter). Boston: Harvard Business Review Press.

Kim, W. Chan., Mauborgne, R. (2015) Blue Ocean Strategy: How to Create Uncontested Market Space and Make the Competition Irrelevant, Harvard Business Review Press, Boston, Mass.

Kuratko, D. F. (2019) Entrepreneurship: Theory, Process, Practice, 11th edn., South Western College Publishing.

Tidd, J. and Bessant, J.R. (2021) Managing Innovation: Integrating technological, market and organizational change, Wiley, Chichester.

McKinsey& Co (2022) Choosing to grow: The leader’s blueprint. Available at: https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/choosing-to-grow- the-leaders-blueprint (Accessed 21 June 2023)

Online Source – Intensity of Innovation in Public Sector Organisations: The Role of Push and Pull Factor – https://onlinelibrary.wiley.com/doi/pdf/10.1111/padm.12617

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