please respond to the following discussion post as a peer making a comment. The organization I work for today is Greystar, a global leader in multi-family and student housing. Our facility focuses on student housing, creating 1100 beds for city college and University students. The business plan for Summit Health and Wellness is different than the perceived business plan for Greystar and our local facility. The strongest connection is in compromise, where the Summit Health business plan will detail how the organization will work around conflicts that slow the development of an ASC. Where Summit Health will have plans to ensure the ASC continues to develop if income should change, similarly Greystar has plans to continue construction and acquisition projects as we prepare for an economic downturn. For both Summit and Greystar, compromise comes in the form of slowing down non-essential projects; for Summit, this means slowing down surgeries, research, and marketing projects, while at Greystar this means changing the hiring model while shifting staff around to cover more area by utilizing the staff already under management.
At Greystar, the business plan of continuing to expand and grow globally is shaped by the organization. Greystar viewed its finances, its current market reach, its vision, and its mission to develop a long-term strategy. Continuing to grow and expand is more than just a goal, its a strategy to create an organization that best serves the community through having a reach in many aspects of housing. The business plan has a strong impact on the organization as it adjusts to ensure the business plan is fulfilled (Dragana, 2024). This means the organization sets aside funding, reshapes its performance measurement strategy, and makes plans around ensuring the business plan is completed.
Greystar (2024) The greystar story, Greystar. Available at: https://www.greystar.com/about-greystar/about (Accessed: 29 July 2024).
Dragana, R., Aleksandar, A., & Alexios, P. (2014). Compromise As Necessary Concept Of Organization And Management. OF ECONOMICS AND LAW, 95.
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