Strategic Planning : Strategic And Organizational Planning

1661 Words Jun 13th, 2016 7 Pages
Every successful business has a defined vision and goals that influence the approach that is utilized to fulfill the company’s objective. Strategic and organizational planning is the cornerstone of developing a business strategy to attain an organization’s purpose. With the passage of the Affordable Care Act (ACA), strategic and organizational planning have become essential in a healthcare system’s ability to remain competitive within their community, as well as remaining compliant with governmental standards. This paper will explore strategic and organizational planning with the purpose of exploring these concepts with a local hospital.

In general, healthcare organizations define their vision and goals as a guide to attain the mission of the business. Strategic planning develops a system in which the organization can accomplish the vision and goals while adhering to regulatory compliance and maintaining a budget. Strategic planning is defined as “a systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them” (Business Dictionary.com, 2016, para. 1). Organizations utilize strategic planning to map out the direction in which the business will progress within the next three to five years and are determined and monitored by upper management (Simply Strategic Planning, 2015). The strategic plan provides a general outline of the course of action in which the organization will…

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