How Managers Can Lower Mental Illness Costs by Reducing Stigma

How Managers Can Lower Mental Illness Costs by Reducing Stigma Description

The stigma associated with mental illness is not usually an issue that managers include in their portfolio of everyday concerns. However, published data from multiple sources makes it clear that the costs of doing business for any organization are increased when the very common conditions characterized as mental illnesses are stigmatized. Denial, fear of discovery, and insurance inadequacy among an organization's employees often delay treatment, harming organizational productivity and raising health care costs related to both the mental illness itself and associated medical conditions. Additional costs to businesses range from the possibility of increased liability to higher taxes. To counter stigma among employees, the authors recommend personal communication with co-workers diagnosed with a mental illness, or with members of their families, to create new associations for these illnesses, which is a more effective approach than either education or anti-stigma messages. They also recommend communication to constituencies beyond one's own organization, joining with other companies to demonstrate actions aimed at community-wide stigma reduction, and to offer consulting services to organizations promoting mental health.

Case Description How Managers Can Lower Mental Illness Costs by Reducing Stigma

Strategic Managment Tools Used in Case Study Analysis of How Managers Can Lower Mental Illness Costs by Reducing Stigma

STEP 1. Problem Identification in How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

STEP 2. External Environment Analysis - PESTEL / PEST / STEP Analysis of How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

STEP 3. Industry Specific / Porter Five Forces Analysis of How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

STEP 4. Evaluating Alternatives / SWOT Analysis of How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

STEP 5. Porter Value Chain Analysis / VRIO / VRIN Analysis How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

STEP 6. Recommendations How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

STEP 7. Basis of Recommendations for How Managers Can Lower Mental Illness Costs by Reducing Stigma case study

Case Analysis of How Managers Can Lower Mental Illness Costs by Reducing Stigma

How Managers Can Lower Mental Illness Costs by Reducing Stigma is a Harvard Business (HBR) Case Study on Leadership & Managing People , Texas Business School provides HBR case study assignment help for just $9. Texas Business School(TBS) case study solution is based on HBR Case Study Method framework, TBS expertise & global insights. How Managers Can Lower Mental Illness Costs by Reducing Stigma is designed and drafted in a manner to allow the HBR case study reader to analyze a real-world problem by putting reader into the position of the decision maker. How Managers Can Lower Mental Illness Costs by Reducing Stigma case study will help professionals, MBA, EMBA, and leaders to develop a broad and clear understanding of casecategory challenges. How Managers Can Lower Mental Illness Costs by Reducing Stigma will also provide insight into areas such as – wordlist , strategy, leadership, sales and marketing, and negotiations.

Case Study Solutions Background Work

How Managers Can Lower Mental Illness Costs by Reducing Stigma case study solution is focused on solving the strategic and operational challenges the protagonist of the case is facing. The challenges involve – evaluation of strategic options, key role of Leadership & Managing People, leadership qualities of the protagonist, and dynamics of the external environment. The challenge in front of the protagonist, of How Managers Can Lower Mental Illness Costs by Reducing Stigma, is to not only build a competitive position of the organization but also to sustain it over a period of time.

Strategic Management Tools Used in Case Study Solution

The How Managers Can Lower Mental Illness Costs by Reducing Stigma case study solution requires the MBA, EMBA, executive, professional to have a deep understanding of various strategic management tools such as SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.

Texas Business School Approach to Leadership & Managing People Solutions

In the Texas Business School, How Managers Can Lower Mental Illness Costs by Reducing Stigma case study solution – following strategic tools are used - SWOT Analysis, PESTEL Analysis / PEST Analysis / STEP Analysis, Porter Five Forces Analysis, Go To Market Strategy, BCG Matrix Analysis, Porter Value Chain Analysis, Ansoff Matrix Analysis, VRIO / VRIN and Marketing Mix Analysis.

We have additionally used the concept of supply chain management and leadership framework to build a comprehensive case study solution for the case – How Managers Can Lower Mental Illness Costs by Reducing Stigma

Step 1 – Problem Identification of How Managers Can Lower Mental Illness Costs by Reducing Stigma - Harvard Business School Case Study

The first step to solve HBR How Managers Can Lower Mental Illness Costs by Reducing Stigma case study solution is to identify the problem present in the case. The problem statement of the case is provided in the beginning of the case where the protagonist is contemplating various options in the face of numerous challenges that Stigma Mental is facing right now. Even though the problem statement is essentially – “Leadership & Managing People” challenge but it has impacted by others factors such as communication in the organization, uncertainty in the external environment, leadership in Stigma Mental, style of leadership and organization structure, marketing and sales, organizational behavior, strategy, internal politics, stakeholders priorities and more.

Step 2 – External Environment Analysis

Texas Business School approach of case study analysis – Conclusion, Reasons, Evidences - provides a framework to analyze every HBR case study. It requires conducting robust external environmental analysis to decipher evidences for the reasons presented in the How Managers Can Lower Mental Illness Costs by Reducing Stigma.

The external environment analysis of How Managers Can Lower Mental Illness Costs by Reducing Stigma will ensure that we are keeping a tab on the macro-environment factors that are directly and indirectly impacting the business of the firm.

What is PESTEL Analysis? Briefly Explained

PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in How Managers Can Lower Mental Illness Costs by Reducing Stigma case study. PESTEL analysis of " How Managers Can Lower Mental Illness Costs by Reducing Stigma" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.

How to do PESTEL / PEST / STEP Analysis? What are the components of PESTEL Analysis?

As mentioned above PESTEL Analysis has six elements – political, economic, social, technological, environmental, and legal. All the six elements are explained in context with How Managers Can Lower Mental Illness Costs by Reducing Stigma macro-environment and how it impacts the businesses of the firm.

How to do PESTEL Analysis for How Managers Can Lower Mental Illness Costs by Reducing Stigma

To do comprehensive PESTEL analysis of case study – How Managers Can Lower Mental Illness Costs by Reducing Stigma , we have researched numerous components under the six factors of PESTEL analysis.

Political Factors that Impact How Managers Can Lower Mental Illness Costs by Reducing Stigma

Political factors impact seven key decision making areas – economic environment, socio-cultural environment, rate of innovation & investment in research & development, environmental laws, legal requirements, and acceptance of new technologies.

Policy Making Impact on How Managers Can Lower Mental Illness Costs by Reducing Stigma

Government policies have significant impact on the business environment of any country. The firm in “ How Managers Can Lower Mental Illness Costs by Reducing Stigma ” needs to navigate these policy decisions to create either an edge for itself or reduce the negative impact of the policy as far as possible.

Data safety laws – The countries in which Stigma Mental is operating, firms are required to store customer data within the premises of the country. Stigma Mental needs to restructure its IT policies to accommodate these changes. In the EU countries, firms are required to make special provision for privacy issues and other laws.

Competition Regulations – Numerous countries have strong competition laws both regarding the monopoly conditions and day to day fair business practices. How Managers Can Lower Mental Illness Costs by Reducing Stigma has numerous instances where the competition regulations aspects can be scrutinized.

Import restrictions on products – Before entering the new market, Stigma Mental in case study How Managers Can Lower Mental Illness Costs by Reducing Stigma" should look into the import restrictions that may be present in the prospective market.

Export restrictions on products – Apart from direct product export restrictions in field of technology and agriculture, a number of countries also have capital controls. Stigma Mental in case study “ How Managers Can Lower Mental Illness Costs by Reducing Stigma ” should look into these export restrictions policies.

Foreign Direct Investment Policies – Government policies favors local companies over international policies, Stigma Mental in case study “ How Managers Can Lower Mental Illness Costs by Reducing Stigma ” should understand in minute details regarding the Foreign Direct Investment policies of the prospective market.

Taxation & Regulation Impact on How Managers Can Lower Mental Illness Costs by Reducing Stigma

Corporate Taxes – The rate of taxes is often used by governments to lure foreign direct investments or increase domestic investment in a certain sector. Corporate taxation can be divided into two categories – taxes on profits and taxes on operations. Taxes on profits number is important for companies that already have a sustainable business model, while taxes on operations is far more significant for companies that are looking to set up new plants or operations.

Tariffs – Chekout how much tariffs the firm needs to pay in the “ How Managers Can Lower Mental Illness Costs by Reducing Stigma ” case study. The level of tariffs will determine the viability of the business model that the firm is contemplating. If the tariffs are high then it will be extremely difficult to compete with the local competitors. But if the tariffs are between 5-10% then Stigma Mental can compete against other competitors.

Government Scheme & Subsidies Impact on How Managers Can Lower Mental Illness Costs by Reducing Stigma

Research and Development Subsidies and Policies – Governments often provide tax breaks and other incentives for companies to innovate in various sectors of priority. Managers at How Managers Can Lower Mental Illness Costs by Reducing Stigma case study have to assess whether their business can benefit from such government assistance and subsidies.

Consumer protection – Different countries have different consumer protection laws. Managers need to clarify not only the consumer protection laws in advance but also legal implications if the firm fails to meet any of them.

Political System & Stability, and its Impact on How Managers Can Lower Mental Illness Costs by Reducing Stigma

Political System and Its Implications – Different political systems have different approach to free market and entrepreneurship. Managers need to assess these factors even before entering the market.

Freedom of Press is critical for fair trade and transparency. Countries where freedom of press is not prevalent there are high chances of both political and commercial corruption.

Corruption level – Stigma Mental needs to assess the level of corruptions both at the official level and at the market level, even before entering a new market. To tackle the menace of corruption – a firm should have a clear SOP that provides managers at each level what to do when they encounter instances of either systematic corruption or bureaucrats looking to take bribes from the firm.

Independence of judiciary – It is critical for fair business practices. If a country doesn’t have independent judiciary then there is no point entry into such a country for business.

Government attitude towards trade unions – Different political systems and government have different attitude towards trade unions and collective bargaining. The firm needs to assess – its comfort dealing with the unions and regulations regarding unions in a given market or industry. If both are on the same page then it makes sense to enter, otherwise it doesn’t.

Economic Factors that Impact How Managers Can Lower Mental Illness Costs by Reducing Stigma

Social Factors that Impact How Managers Can Lower Mental Illness Costs by Reducing Stigma

Technological Factors that Impact How Managers Can Lower Mental Illness Costs by Reducing Stigma

Environmental Factors that Impact How Managers Can Lower Mental Illness Costs by Reducing Stigma

Legal Factors that Impact How Managers Can Lower Mental Illness Costs by Reducing Stigma

Step 3 – Industry Specific Analysis

What is Porter Five Forces Analysis

PESTEL stands for political, economic, social, technological, environmental and legal factors that impact the external environment of firm in How Managers Can Lower Mental Illness Costs by Reducing Stigma case study. PESTEL analysis of " How Managers Can Lower Mental Illness Costs by Reducing Stigma" can help us understand why the organization is performing badly, what are the factors in the external environment that are impacting the performance of the organization, and how the organization can either manage or mitigate the impact of these external factors.

Step 4 – SWOT Analysis / Internal Environment Analysis

Step 5 – Porter Value Chain / VRIO / VRIN Analysis

Step 6 – Evaluating Alternatives & Recommendations

Step 7 – Basis for Recommendations

References :: How Managers Can Lower Mental Illness Costs by Reducing Stigma case study solution