HCM-415 Week 4 Module Four 4-2 Short Paper- Alternative Strategic Plan

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Southern New Hampshire University *

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415

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Management

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Feb 20, 2024

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4-2 Short Paper HCM-415 Healthcare Strat Mgmt & Policy Yavonda Jones Southern New Hampshire University Professor Christopher Miller February 4, 2024
4-2 Short Paper 4-2 Short Paper: Alternative Strategic Plan A. Explain the need for developing strategic alternatives and why strategic alternatives are important for a successful organization. Use scholarly and peer-reviewed sources to support your explanation. Developing alternative strategic plans is important in order to meet the policy changes in the healthcare environment because it allows organizations to thrive in a rapidly evolving industry. By having multiple strategies in place, healthcare organizations can mitigate risks and capitalize on opportunities. Strategic alternatives are imperative for organizational success because they allow innovation, flexibility, and longevity in the face of changing policies and market conditions. B. Examine industry policy changes and the need to develop a  flexible strategic plan , specifically, how the source of the policy (such as federally mandated changes, industry best practices, or state requirements) impacts the need to develop a flexible strategic plan. Use appropriate sources to support your claims. Policy changes in the healthcare environment can be driven by various sources, including industry best practices, state requirements, or federal mandates. These changes highlight the importance of developing a comprehensive strategic plan that can be translated into various forms of policy. By being able to navigate and respond to these varied policy challenges, healthcare organizations can effectively address regulatory requirements, optimize operations, and convey high-quality patient care.
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