Description
Assume your employer, a small hospital which opened its doors in 1970, does not have a strategic plan. As a senior hospital administrator, it is your job to persuade the CEO that a strategic plan is essential for the organization to achieve success.
Develop a paper that defines the term strategic planning and includes but is not necessarily limited to the benefits of strategic planning. Then, explain how strategic planning’s application has changed from the past (and why it is now necessary). Evaluate the role of strategic planning and related outcomes in healthcare to support your argument to management.
Support your paper with examples or experiences of your own to strengthen your argument for a strategic plan.
Support your paper with a minimum of five scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 5-7 pages, not including title and reference pages
Your paper should demonstrate thoughtful consideration of the ideas and concepts presented in the course by providing new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards.
Explanation & Answer
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Running head: STRATEGIC PLANS FOR HEALTH CARE
STRATEGIC PLANS FOR HEALTH CARE
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STRATEGIC PLANS FOR HEALTH CARE
Strategic plans for health care
Definition of strategic planning
Being an administrator in any Organization, it is necessary to have strategic plans to ensure the
smooth running of the Organization. This is one indispensable aspect of the modern successful
Organizations thus important for smooth business dealings. Strategic planning is the process of
defining business directions and coming up with decisions with intents of their allocations hence
pursuing the intended plan (Argenti, 2011). This may also have extensions to the control
mechanisms best suited for guiding the execution of this strategy. Strategic planning dates back
in the 1960s in the industrial phase and currently is a must have in most of the Organizations.
Strategists are the individuals chose with intents of analyzing a given Organization and later
coming up with a strategy best fit for its situations.
In any strategy, there include processes of implementing after formulating plans with strategic
plan aiding coordination of both (Haines, 2011). However, strategic planning holds an analytical
form whereby there is strategy forming itself through the synthesis of strategic thoughts. Simply,
the strategic plan involves activities best suited to its formation process.
Process of strategic planning
Strategic planning is a process hence calls for activities, inputs, outcomes, and outputs. Just like
all other jobs, strategic planning has got constraints with it being in forms of either informal or
formal. Some of the strategic planning elements may be continuous with others holding a
definitive end period.
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STRATEGIC PLANS FOR HEALTH CARE
According to famous philosopher Michael Porter, a competitive strategy should include these
elements:
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Company’s weak and strong points;
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Personal values of the key executors (board and management);
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Industrial threats and opportunities;
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And societal expectation.
Inputs are essential while coming up with any plans thus have to garner of data from various
sources inclusive of interviews for the executives, primary studies of research or even
benchmarking results. Inputs are set to aid gain an understanding of the rival’s environs together
with the risks and opportunities (Kotler, 2008). Knowing the value held by key stakeholders of
the Organization is crucial since the values align with the company’s mission and visions.
Meetings and other communications are included in coming up with a strategic plan thus
developing a common ground regarding competitive environs and the Organization’s reaction to
that confined environment. Some of the company’s leader’s queries they need to be answered by
the strategy are inclusive of the following:
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What is the enterprise’s interest?
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What is considered valuable in line with customer’s demand?
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What distinct the Organization from its rivals?
Outputs are also in the process of coming up with a strategic plan thus encompasses
communication and documentation describing strategy set by and for the Organization. This
strategy at times may include diagnosis of the competitive scenario thus a guide to policies for
accruing enterprises’’ overall goal.
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STRATEGIC PLANS FOR HEALTH CARE
The outcome is the winding part while coming up with strategic plans thus the outcomes ought to
be distinct from the strategic goals. The distance set between organization’s mission and vision
are key to determining success or failure of the plan.
Benefits of strategic planning to an Organization
Firstly, strategic planning allows an enterprise hold the future in their vision thus hold in-depth
research for these preparations. It is through strategic planning where companies can have the
anticipation of even the unfavorable tides of the business.
Secondly, strategic planning sets up a sense of having direction by an Organization. Strategic
planning assists a company through murky waters and good times thus helping in establishing
realistic goals...
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