HCS/589 Week 3: Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals

Jul 14th, 2016
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Submit the SWOT analysis as a Microsoft® Excel® attachment. Write a 1,400- to 1,750-word report in which you: Evaluate the significance and implications of an external environmental analysis in the development of a strategic plan. For your evaluation: Explain the purpose of environmental analysis. Describe possible implications of environmental analysis in the creation of your strategic plan. Analyze evolving external issues that can have an impact on the strategic plan. Evaluate benefits of competitive analysis as part of the strategic planning process. Based on your SWOT analysis, provide an assessment of your chosen organization in which you: Evaluate the organization's ability to accomplish its mission, goals, and objectives as set in previous strategic plans. Evaluate the organization's ability to respond to internal and external changes and challenges. Incorporate your SWOT analysis findings into clearly stated goals and objectives for a 3- to 5-year period,

Word Count: 1936
Showing Page: 1/9
1Running head: STRATEGIC MANAGEMENT FOR HEALTHCARE ORGANIZATIONSStrategic Management for Healthcare OrganizationsRuth BeibersUniversity of PhoenixSTRATEGIC MANAGEMENT FOR HEALTHCARE ORGANIZATIONS2Wheelen, et al, point out that before managers begin to formulate their strategy, they doneed to understand the environment within which they do operate in and it would be difficult tocome up with a well defined strategy before deeply understanding an organizations environmentsince this is the way for a firm to determine its competitive advantage (2015). These sentimentsare echoed by (Ginter, 2013) who states that strategic thinking is directed towards positioningan organization effectively within its changing external environment. Therefore byunderstanding their external environment, healthcare leaders are able to anticipate the changesthat may occur and keep their organizations ahead of these changes.Possible implications of environmental analysis in the creation of a strategic planAs stated above strategic plans are based on evaluations of the environment within whichan organization operates in and this means that the strategic decisions would be greatlyinfluenced by what the strategic planners believe the future would look like (Wheeler et al,2013). For example with the aging population in the United States growing fast and the birthrates being low, healthcare facilities would be prudent to start planning and investing oninterventions that would be ap

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