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One important point acquired from the reading of Drewniak’s (2010) paper is: strategic planning sets down the roadmap indicating the direction an organization is headed towards, and guides organizations on successfully reaching their intended destination. Strategic plans drive all organizational decision-making, right from technological capabilities and funds to staffing and other requisite resources. Aside from the many corporate analysis approaches employed under strategic planning (such as PEST (Political, Economic, Social and Technological analysis) and SWOT (Strengths, Weaknesses, Opportunities and Threats)), the fundamental one is: it deals with formal attention to a company’s future. Drewniak (2010) identifies strategic management’s chief objectives as:
1. Determining what must be done
1. Ascertaining the road to excellence
1. Ascertaining who must perform the tasks that must done
Routine issues include finance, governmental policy and directives, reforms, client satisfaction and technology. Healthcare heads must take a step back from time to time to reflect and evaluate strategic plans of firms. Indeed, modeling, strategic thinking, and evaluation are gaining significance as requisites for companies’ survival in the current tempestuous healthcare atmosphere. Strategic planning offers companies a roadmap indicating the direction they are taking and the means to reach there. It drives decisions such as capital, staff, resource...
It serves as a valuable instrument in driving everyday decisions besides appraising progress and altering strategies as one achieves progress. For capitalizing on strategic planning, organizations must carefully consider strategic aims outlined, followed by supporting those aims using practical, comprehensively studied, computable benchmarks to assess outcomes.
As pointed out by Pirraglia (2016), a strategy is equivalent to a technique. Envisaging objectives and subsequently describing approaches to adopt for accomplishing aims forms strategic planning’s real essence. Moreover, according to the author, strategy delineates action; another advantage of the strategic planning concept is, inherent action plans arising out of the identification of favored approaches. Lastly, according to Pirraglia (2016), strategic planning proves vital to corporate success. In contrast to traditional business planning, strategic planning entails mission, vision, and thinking creatively. It describes the aspirations one has for one’s firm and not necessarily the means of achieving them. But akin to physical "travel plans," ignorance of one’s destination renders coming up with arrival details a pointless activity. Strategic planning describes the place to which one is…
References
Drewniak, R. (2010). 7 Steps to Healthcare Strategic Planning. Hayes Management Consulting, 1–5.
Pirraglia, W. (2016). Why Is Strategic Planning Important to a Business? | Chron.com. Houston Chronicle, 1–4. Retrieved 11, October, 2017, from http://smallbusiness.chron.com/strategic-planning-important-business-2671.html
Strategic Planning May Successfully Aid the Patient-Centered Medical Home Model's Implementation and Value to Our Health Care System How Using Strategic Planning May Successfully Aid the Patient-Centered Medical Home Model's Implementation and Value to Our Health Care System In 1967, the AAP (American Academy of Pediatrics) introduced the concept of Medical Homes. These homes were at first assigned for obtaining children's medical records. Several decades later in 2002, the Academy expanded
Healthcare System in South Africa Healthcare policy Influences on public health outcomes Critical analysis of the pressures on the health care delivery It is observed that there are numerous cultures, societies, political systems in the world. The governments regulate the social systems according to the political, cultural, and economic condition of a country. The structure of healthcare systems is also an extension of the country's political system. It is observed that the characteristics of
Health Care -- Strategic Planning and Marketing Strategic planning and marketing often wed customer-oriented issues with broader issues of public health, morality and survival in a highly competitive market. Consequently, a key issue set forth by the American Hospital Association and an issue of strategic planning/marketing are often two sides of the same coin. This work addresses the customer-oriented issues of Diversity and Emergency Planning that are mirrored in two key
Strategic PlanningManagement Strategic planning refers to an organizational management activity used in order to set priorities, focus resources and energy, strengthen organizational goals, and ensure that both the stakeholders and employees are working towards common goals. It also assists in establishing agreement around the intended results and/or outcomes, assessing and adjusting the organization's scope of responding to any possible changes within the environment. Strategic management is the inclusive collection of the
Strategic plan II Environmental Analysis An environmental analysis is an important component, and indeed a prerequisite, to the strategic plan. It stands to reason that you cannot set a course for the future without knowing the route you will take, and you cannot know the route until you have the lay of the land. The environmental analysis is "a process in which you look at the outside factors that can have an
The infant mortality rate is of 8.97 deaths per 1,000 live births. This rate places Kuwait on the 160th position on the chart of the CIA. The adult prevalence rate of HIV / AIDS is of 0.1 per cent. In terms of economy, Kuwait is a relatively open, small and wealthy economy. It relies extensively on oil exports -- petroleum exports for instance account for 95 per cent of the