Harrison Chapter5

The Institute of Medicine’s (IOM) six aims of quality provide an advantageous framework to progress the quality of care in the U.S.A. health care system. IOM developed six aims for improving to provide safe, effective, patient-centered, timely, efficient, and equitable patient care (Institute of Medicine, 2001). Organizations need to strategically plan to evolve in meeting IOM’s six aims and to remain a financially sound entity. Strategic planning involves defining the future and stipulating the measurement of achievement (Sare & Ogilvie, 2010). The purpose of this paper is to start the initial steps for creating a strategic plan in a healthcare organization, through describing and evaluating an unmet need, considering the mission, vision, and values, providing the background context, vision, strategic goal, and consider the broader issues.

A strengths, weaknesses, opportunities, and threats (SWOT) analysis is a situational analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats faced by it are closely examined to assist management with planning and course correction (BusinessDictionary.com). Managers can use the results SWOT analysis to determine how competitive the organization is in its industry and to develop an effective organizational strategy. Though commonly associated with for profit organizations, SWOT analysis also are carried out by public institutions such as, hospitals, government agencies, and schools. The County College

A SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities and threats of an organization. A SWOT model measures what an organization can or cannot do as well as the possible opportunities and threats. This is done by taking data from the organization’s environment, analyzing the information and separating it into the internal (strengths and weaknesses) and external (opportunities and threats). When this is completed the analysis can create a plan for the organization to achieve its goals, and identify what difficulties must be overcome to attain

Without strategic planning, several things can go wrong including missing out on great opportunities. Strategic planning is an organization’s outline to help achieve its purpose. Although strategic planning begins at the top of the pyramid, it is more effective when it is carry out as a whole among other in the organization. Having a good internal control system in place protects an organization from high risk, fraud, and more. Jackson Memorial Hospital has several weaknesses which are similar to its competitors and other health care organizations. For instance, Mount Sinai Medical Center one of Jackson Memorial’s competitors, encountered lack of strategic planning that led to many issues such as with readmissions, surgical complications,

Healthcare organization is constantly making changes to operate at their optimal functional level and budget. There are different ways it can be determined what and where adjustments are needed to be made within the organization. A common technique or strategic plan involved is the SWOT analysis. This technique involves a discussion about the strengths, weakness, opportunities and threats in an

The SWOT is used by organizations, including healthcare to evaluate their internal Strengths, Weaknesses, Opportunities, and Threats. With the completion of the analysis, the organization could develop their goals to achieve their objectives (Capella University, 2016).

“A SWOT Analysis is the most used tool for audit and analysis of the overall strategic position of the business and its environment. Its principal purpose is to identify the strategies that will create a firm-specific business model. The plan aligns the organization’s resources and capabilities to the requirements of the environment in which the firm operates. The analysis is to evaluate any potential and limitations and the probable/likely opportunities and threats from the external environment. The results provide the positive and negative factors inside and outside the firm that affect the success.” A SWOT analysis is conducted to determine the strengths, weaknesses, opportunities, and potential threats to the organization. ("SWOT

To organize and present my strategic plan, I plan on going through the information that has been developed over the course. I will introduce myself, the team members, and review the Grinnell Regional Medical Center mission statement. I will then move into the SWOT analysis and the strategic SMART goal that has been developed. I will review the important stakeholders who were identified. Next, the action plan will be reviewed and describe the business functions that will be impacted during the implementation of the plan. I will give an overview of the evaluation process including the metrics to be utilized, along side of an explanation of the control method that will be utilized to ensure that the plan is successful.

The principle of a strategic plan is to define how the organization is making a decision and in what direction to pursue the strategy. This approach aids the team in focusing on its future. The policy will cover a five-year plan. A Feasible plan can only result in careful attention to the organization’s performance objectives and a detailed analysis of the internal and external environments (Sadeghi, 2013). A SWOT analysis is performed to allow the managers to consider both the inner and outer conditions of the organization. When an organization is planning an elaborate process, targeted at the future, irrespective of its nature, the managerial, economic, technical or technological, etc. necessitates, in advance, a detailed analysis of the organization’s current state. Or its procedural components or basic levels on which it will occur (Verboncu, 2016). The planning starts by assessing the current situation of the Cleveland Clinic’s business and environmental factors. A SWOT analysis will bring awareness of the strengths, weaknesses, opportunities, and threats. “The SWOT analysis helps the managers to formulate a strategic plan that considers the organizational ability to deal with whatever situation that is current. The planning process is ongoing, to continuously deal with changes in the environment and competitive conditions” (Mathis, 2011, p.39). The healthcare industry and its competitors are having a hard time with finances, but the Cleveland Clinic has substantial financial gains, a stellar record and excellence leadership, operational efficiencies, its human assets and human resource management all are a strength. The weaknesses are lower levels of patient satisfaction and efficacy, limitation of geographical growth, communication with other healthcare organizations, and transitioning to

Through those discussions a draft was proposed that called out specific strategic efforts over the next four years. Specifically as we focus on the next two years we thought it appropriate to focus our strategic efforts in five areas; Quality Improvement, Complex Delivery, Growth, Value-based care, and internal Optimization. Five areas that were not called out as specific strategies, but need to be maintained are; Financial Strength, Culture of Compliance, Effective Workplace, and Positive County, State, and Federal Relationships. The thought is that it’s a good time

Health care systems must survive in complex economic situations that must consistently evolve to meet the demands of its’ stakeholders and remain sustainable (Ginter, Duncan, & Swayne, 2013). Begun, Hamilton, and Kaissi (2005) state health care centers use strategic planning to better understand their environments and ensure their structures, cultures, and decision-making efforts are assisting in the accomplishment of the strategic goals and objectives stated in their mission and vision statements. Furthermore, with the rising costs of health care in the U.S., it is important for health care centers to apply strategic thinking to promote the rendering of quality health care services more efficiently (Ginter et al., 2013).

A strengths, weaknesses, opportunities, and threats (SWOT) analysis is a useful tool in organizations small and large, non-profit or profit. Throughout the next couple paragraphs, a SWOT analysis will be performed on Westlake Hospital. Both internal and external factors will be looked at. While there are many strengths, weaknesses, opportunities, and threats that can be talked about, two of each will be evaluated.

A SWOT analysis is best developed by a team of managers who have different perspectives of an organization’s strengths and weaknesses. The external threats and opportunities are best developed by an outside source to provide objectivity. An organization looks internally at its strengths and weaknesses and externally at its threats and opportunities. An organization’s strengths involve looking at an organization’s positive attributes, focusing on their competitive advantage. An organization’s strength looks at what they do well, their assets and other resources, and also take into account what others see as their strengths.

Successful medical organizations have as their guiding principles a professionally stated purpose which encompasses and details their mission statement, vision statement, values statement, and broad strategic goals. The organizational structure is established on these statements, and the function of each department and the duties of each employee are based upon fulfilling the purpose of these statements. Additionally, these statements must encompass the various aspects of the organization and its stakeholders. As Moore, Ellsworth, and Haufman (2011) purport, “ Any organization planning as though it exists in a vacuum is ignoring factors critical for its survival” (p. 16). Without these guiding principles to serve as a direction for the

SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieving that objective. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data from Fortune 500 companies.[1]