Determine what critical steps are involved in successful strategic planning, and identify possible desired planning outcomes for each.
As it relates to the case the steps involved in successful strategic planning are both simple and concise. With the case expectations were outlined as it related to healthcare performance. These outcomes including lowering healthcare costs for them to more manageable for healthcare participants. Improving outcomes which includes staffing and technology improvements. Finally, strategic planning helps to improve organization culture by being more innovative and proactive in adopting technologies that improve internal operations. The Webster Health system, as the case indicates, employs 704 people with over 190 beds. It has met all the condition necessary for Medicaid, Medicare and BlueCross insurance coverage. As it a result, the organization is an important fixture within the community and therefore must continually innovate. The next critical step is to properly assess capabilities to achieve the expectations outlined in step one (Grensing-Pophal, 2011). Here, to properly assess capabilities, the organization most conduct a thorough internal analysis of skills, investment capacity, and return on investment characteristics. Through an internal skills assessment the organization must determine if it is more beneficial to hire additional personnel or to outsource critical functions needed to achieve the objective. For Webster, they would like to lower healthcare costs through technology which would require heavy investing in coding personal, applicable applications, and cyber security methodologies. Next, the organization must fund growth through investment, budgeting, and capital allocation processes. This would require a variety of funding sources which include donations, debt financing, equity financing and more. Here the organization must earn an adequate rate of return to justify the large fixed and variable cost investment. The organization must then monitor outcomes throughout the duration of the project. Finally, the organization must implement the strategic plan, being mindful that alterations will need to be made periodically. This is particularly true as Webster operates in a very complex and convoluted healthcare system (Hamel, 1989).
1. Grensing-Pophal, L. (2011). The complete idiots guide to strategic planning. New York, NY: Penguin. 299 pages
2. Hamel, G., & Prahalad, C. K. (1989, May/June). Strategic intent. Harvard Business Review, 63-76.
Strategic Planning Process Explain the basic steps in the planning process The steps included in designing a strategic plan are portrayed underneath. Although the process may appear rational and systematic, it is regularly iterative and evolves considerably over time. Furthermore, it is subject to political pressure and will be changed likewise. Some key planning efforts may not include all the steps depicted. The components and process depicted in the following segment must
Strategic Planning Based work completing Short Papers Strategic Plan Analyses, strategic planning process create a ten-year strategic plan academic work professional development. Consider leadership strengths qualities develop. A personal mission statement helps a person to create a focus in their lives and to prevent the chaos that comes from living an overly busy, adrift and disorganized life. A personal mission statement helps a person to understand which long-term goals they are able
Strategic Planning and Implementation Over the last several years, identity theft has become a major issue that a number of individuals are dealing with. This is because criminals are using various techniques to be able to gain access to a host of personal information including: bank accounts, credit card / social security numbers and the date of birth. Once this occurs, is when they can assume the identity of this person
Strategic planning VS strategic intent thinking Conventional strategic planning refers to guides created by an Organization or a business to map out how it will reach its goals and setting the foundation to the entire organization to know what is expected of them. This provides the organization with the clear view on how to achieve a stated vision for the chosen potential market target and how a company can attend and
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 Planning at the Chronicle Gazette Decline of the Newspaper Publishing Industry Declining Circulation and Revenue Status of Leading Newspapers Reasons for Decline in Circulation and Revenue Economic Factors Political Factors Demographic Factors Technological Factors Porter's Model Strategies adopted by different Companies Steps to be taken by the Chronicle Gazette Form a Website Minimize Cost and Increase Efficiency Organization Structure Adopt Digital Technology Susan Feiman is the publisher of The Chronicle Gazette, which is one of the most prominent newspapers of the United States. It has