A strategic plan is a tool that delivers guidance in achieving a mission or goal with maximum proficiency and control for an organization. Strategic planning is used to transform and revitalize organizations. The plan helps provide an inclusive understanding of opportunities and challenges both internally and externally for the organization. The plan delivers an assessment of the strengths and limitations that are realistic within the company. A well-developed strategic plan will offer a comprehensive approach and empowerment for the stakeholders involved. It is an opportunity for learning and understanding priorities that will drive the business to succeed. Jones (2010), describes how in health care organizations, strategic plans
Strategic Planning is an essential first step in the development of a result-base accountability system,” (Schilder, 2013, p. 1). In strategic planning an organization must know their goals, missions, and how to reach them. Health care facilities are in huge demand for the elderly and for people who lives in low-income communities. A person who receives good quality health care services can prevent the spread of contagious diseases. This paper will describe the need of the community, population it is serving, and a brief description of the facility.
Due to many changes in health service organizations’ internal and external environment, planning can be sometimes onerous (Longest & Darr, 2008, p. 366). Therefore, a well thought strategic plan will guide leaders and keep them focus on the organization’s mission. In health service organizations, strategic planning is emanated at the top level of the pyramid, then pass down to others in leadership positions (Longest & Darr, 2008, p. 366). A strategic planning process consists of many steps: a situational analysis, external environment analysis, internal environment analysis, strategy formulation, strategic implementation, and strategic control. As mentioned before, health service organization faced many challenges, a strategic planning not only helps with planning, controlling, and decision making, but it also allows management to analyze their strengths and weaknesses, as well as opportunities and threats. Again, the strategic planning process has proven to be effective when implemented by the entire organization.
Strategic Planning: Due to the current issues, both internally and externally, the organization is facing, Dr. Townsend is challenged to prepare an action plan to implement the proposed strategy needed to restore the organization back to financial health and improve the morale among the physicians and support staff. Another course of planning Dr. Townsend will challenge is the organizations old structure into a way that all patients will be satisfied.
Given the complexity of towns and cities, it is interesting to compare NSW legislation and planning instruments to other states within Australia, to discover ways to perhaps further improve the SILEP in NSW. This report will aim to help evaluate the implementation of the LEP Standard Instrument in comparison to other approaches to local plan making in Australia. The first section will look at the NSW local planning scheme for Leichhardt LGA. The second section the Victorian local planning scheme for Melbourne LGA as a comparison.
Even though the Kelsey Seybold organization have been around for decades paving the way for many communities with the hearty knowledge of the latest in medical technology and treatments, they have built a marketing brand that show that not only do they share the research knowledge of the latest breaking research testimonies from their treating patients. There is a primary goal of using the history of this organization in order of bringing it with current technology that is essential to the latest of what health care must offer the community. The strategic planning process is a long drawn out system with the use of many different strategy methods that would analyze the organization strengths and weaknesses that would allow for grow in the many
In order to determine which course of action would best serve community or direction for a healthcare organization, administration should obtain input from the stakeholders of the organization (Nowicki, 2015). Even though both Medicare and The Joint Commission require healthcare organizations to complete strategic plans, it is important for the business to have a vision and direction in which to best serve their stakeholders (Nowicki, 2015). Strategic planning provides a plan to achieve the organization’s goals, as well as a plan to fund the operational and capital costs for a healthcare organization to serve successfully their
When choosing a strategy, an organisation may decide to pursue one course of action instead of others (Hitt et al, 2009). Any process of choice could be rationally divided into four steps – identify options, evaluate the options against preference criteria, select the best option and then take action. An evaluation of strategic options or choices would be in response to the strategi
It is evident that strategic planning is important when it comes to decision making for many marketing managers. The article The Big Lie of Strategic Planning by Roger Martin, suggests that choosing a strategy strictly based on a certain process “entails making decisions that explicitly cut off possibilities and option” (Martin, 2014). It speaks on the fear that many marketing managers face when challenged with decisions because the wrong decision can surely hurt his or her career, as well as the company. Martin explains it is taught that executives that problems can be solved with the the tested “tools” and learned research processes, but the downfall to this is the expensive comprehensive planning and time consuming preparation. By the
1977 Jack Rockart, Center for Information Systems Research (CISR), Sloan School of Management, MIT A method for defining executive information systems needs Focuses on individual managers and their current information system needs
To address the specific issues mentioned the article systematically examined the relationship that exists between the strategic performance of different companies and how they formally conduct their planning (Gluck, Kaufman, & Walleck, 1980). The other pertinent information that was sought was the common pattern that characterizes the establishment of planning systems within a period and the evolution of companies under strategic decision making and formal planning. The information based on the findings indicate that most organizations have the same line of evolution of formal strategic planning but it progresses at different rates. It is varying rate of progress that breeds four sequential phases that advance as one precedes the other. According to (Spee & Jarzabkowski, 2011), this implies that each phase has clear formulated issues and alternatives, a probability of participating in strategic decision processes and the readiness of relevant parties.
Important strategy-formulation techniques can be integrated into a three-stage decision-making framework, as shown in Figure 6-2. The tools presented in this framework are applicable to all sizes and types of organizations and can help strategists identify, evaluate, and select strategies.
The term ‘strategy’ is widely used in the business environment. A strategy is used to decide and achieve business objectives. The rapport between a firm’s strategy and its overall performance is the key focus in strategic management. Kay (2000) believes that nowadays it is impossible to plan and predict the future, he argues that strategy has become the influencing of a firms market positioning. A myriad of models to analyse strategic choices have been described by scholars (Hambrick & Fredrickson, 1996).In the early 1980s, Michael Porter’s presented his model of generic strategies. Since then, it has been one of the most used methods due to its high efficiency (Obasi, et al., 2006) and thus it is seen as the dominant paradigm of strategic implementation (Hendry, 1990).
Although strategic management encompasses many advantages and benefits for the organisation, strategic management has also some restrictions or limitations. One of the limitations of strategic management is it may not function well enough for the organisation without having a good and effective leader to initiate such approach. It is known that strategic management is a concept of determining and executing the most effective business approach, however, if the leader of such company do not have what it takes for implementing effectively the strategic plan formulated, then strategic management will not be successful as expected.