Strat. Planning Basic concept/Lean Business Model
I will be
doing my project on St. Jude Children's Research Hospital. St. Jude’s sets out
to cure multiple different pediatric illnesses, such as cancer, among its
patients. In doing this, the hospital is also researching the different
illnesses that patients have and the different treatments that may be possible.
In doing this, the founder believed that no family should pay for treatment and
has thus been dependent on donations and grants.
St. Jude
Children’s Research Hospital is based out of Memphis Tennessee,
but they cater to families from all over the world. Although they cover travel
expenses, having the one location can make it hard for families to travel
especially when the illness is caught in a later stage or the child is not
physically able to travel. St. Jude is partners with multiple hospitals around
the United States, but they cannot or do not cover a lot of the benefits that
the main headquarters covers. I would like to investigate why the hospital has
not been able to expand and build hospitals under the St. Jude’s name not only
in the States but all over the world.
My proposed timeline is
to build at least 5 new hospitals. Three of these hospitals would be built in
the States, preferably where more of these pediatric illnesses occur, and two
international with one being built in the Caribbean and the other in a third
world country where it may be harder to get proper health care.
I will be
doing my project on St. Jude Children's Research Hospital. St. Jude’s sets out
to cure multiple different pediatric illnesses, such as cancer, among its
patients. In doing this, the hospital is also researching the different
illnesses that patients have and the different treatments that may be possible.
In doing this, the founder believed that no family should pay for treatment and
has thus been dependent on donations and grants.
St. Jude
Children’s Research Hospital is based out of Memphis Tennessee,
but they cater to families from all over the world. Although they cover travel
expenses, having the one location can make it hard for families to travel
especially when the illness is caught in a later stage or the child is not
physically able to travel. St. Jude is partners with 24 hospitals in 17
different countries around the world, but they cannot or do not cover a lot of
the benefits that the main headquarters covers. Due to their unique model and
how most of their funds are from a singular charity, that makes it harder to
sustain their main hospital let alone any future expansions. When looking at the hospital’s website, it says that
“an estimated 89% of the funds necessary to sustain and grow St. Jude must be
raised by ALSAC from generous donors who are united with us in a common goal: Finding
cures. Saving children.” (st.jude.org) I would like to
investigate why the hospital has not been able to expand and build hospitals
under the St. Jude’s name not only in the States but all over the world.
After conducting some
research through the hospital’s website, my proposed timeline is to build at
least 5 new hospitals by 2030 to align with their goal of curing 60% of
childhood cancer by then. Three of these hospitals would be built in the
States, preferably where more of these pediatric illnesses occur, and two
international hospitals with one being built in the Caribbean and the other in
a third world country where it may be harder to get proper health care.
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