There is little distinction on how healthcare organizations conduct strategic assessment or the level to which strategic planning affects performances. Theories propose different explanations of the importance of strategic assessment in organizations. Reading numerous articles, shows no impact or changes on ways to view or think of strategic assessment. The use of strategic assessment is supported by many organizations, including healthcare. Organizations incorporate strategic assessment with marketing, others assign it to planners, and others distribute among the top management team. Which either ways, the ideal of assessing shows the organization’s willingness to achieve a goal. In this assignment, the use of SWOT concept is employed
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
There must be a strategic plan in place to achieve a successful program, and that requires the use of the SWOT Analysis model. (Shi & Johnson, 2012). By determining the strength, the weakness, the opportunity, and the threats of a program, there is a chance that the organization’s strategic planning remains sustainable (Shi et al., 2012). Also, each area of a well develop SWOT analysis (See Appendix A) must be able to complement one another. For example, based on the SWOT result, the organizational strength is that the stakeholders are engaging, motivated, and well experience in the subject of colorectal cancer screening; therefore, these abilities will help overcome the threats of failing to persuade the communities of the importance of such
Strategic leadership in healthcare is the act of transforming a health care organization so that its daily functioning matches the organization’s vision, core values, the cultures it serves, as well as organization’s culture, organizational climate and structure. In implementing strategic leadership, managers and healthcare executives can gain a greater sense of clarity in the changes that need to be made so that the organization can reach its full potential. Healthcare leaders can also make stronger connections internally and externally, with incorporating strategic leadership, to help the organization grow and expand the organization’s reputation, while contribute to the organization’s well-being.
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,
United Healthcare assesses that it services approximately 70 million Americans . Its entire system spans 676,287 physicians and health care professionals, 80,000 dentists and 5,190 hospitals, whilst their pharmaceutical management provides more affordable drugs to 13 million people.
This report demonstrates the evaluation of current performance of JD Sports Company. Method of Analysis includes Ansoff’s matrix and Porter’s generic growth strategies to discuss the nature of the market which JD Sports invest in. The financial methods are including the flexibility and stability of JD sports which judged by the liquidity, current ratio, operation capital, gearing and profit margin of this company. These figures could be collected from the annual report or balance sheet. This report analyzed the JD sport’s position in the market, and used generic and external growth method to expand market size. Such as acquired a lot stores to improve business profitability. Obviously, JD has expanded to the European
To provide Kaiser Permanente’s internal assessment as an organization we use a strategic S… W… O… Theory (SWOT) analysis that attempts to grain a comprehensive insight into Kaiser’s corporate strategy and key
Managing a strategic plan is about setting the underpinning aims of an organization, choosing the most appropriate goals and fulfilling them overtime (Masood et al., 1995). Furthermore, managing a strategic plan can be defined as the art of formulating, implementing and evaluating cross-functional decisions that helps as organization to achieve their objectives (Analoui & Karami, 2003, p. 5).
Kaiser is able to respond to the challenges set forth because they continue to evaluate what changes need to be made and how to make them successfully. The strategic plan allows for an overview of where the facility is currently standing. This allows for any changes that are made internally or externally to be evaluated at the time of the change instead of after the change has been made and it is too late. The strategic plan helps to have a faster response time because there is already plan in place so it is easier to see where the changes are made and how to correct them without the facility suffering.
Strategic integration combines the multitude of organizational functions into one collective functioning element. Integration allows for strategies to cope with the changing markets, policies, and procedures due to everyone being on the same page. In terms of health care, integration allows for the coordination of patient care in all aspects with the health model to achieved optimal care. With new technology, such as Electronic Medical Records (EMR), as discussed in MAN3303 – Healthcare Organization and Management, all aspects of care, from billing, medications, previous records, current care, etc. are utilized by the multiple departments. This such system is just one way that integration has provided optimal service throughout an organization.
Strategic Planning is one of the most fundamental factors in the success of an organization. This research project will discuss the importance of strategic planning as well as the different components of strategic planning. Many organizations fail to accomplish their goals and tasks due to the lacking of strategic planning. In order for their businesses to be successful, organizations need to be well informed about how the strategic planning process works.
Wow Hospital (WH) managers also called healthcare executives or healthcare administrators, plan, direct, analysis and coordinate medical and health services. They might manage an entire facility or specialize in managing a specific clinical area or department, or manage a medical practice for a group of physicians. Medical and health services managers must be able to adapt to changes in healthcare laws, regulations, and technology.
This report is on developing organizational vision and strategic direction. For this purpose a healthcare organization is taken for analyzing the given learning outcomes of the assignment. The first section of this report assesses the development of an organizational vision involving environmental assessment and stakeholders. Second section of this report will discuss about communication of the vision so developed to the stakeholders and finally the last section of this report makes an assessment of the implementation of the organizational vision and strategic direction.
Although the analysis is limited and subjective it can offer great insight to the separate factors of the SWOT analysis. This insight can open the door to making positive changes in the organization. It is important to use the SWOT analysis correctly and it can provide effect results. For the Community Hospital, they have a great amount of strengths and opportunities, however, like all strengths and opportunities there are weaknesses and threats that impact both. It is important to look at the strengths and opportunities and find ways to overcome the weaknesses and
Having a clear vision is extremely important in order to accomplish goals in life and a well-defined strategy is essential in order to fulfill that vision, thereby, both visioning and strategic thinking go hand in hand. As Souba (2004) states that, “[v]ision without a strategy is a daydream; strategy without vision is a nightmare’” (p. 447). It is evident how this competency is essential in each and every sector, in my opinion; this competency will help in the betterment of healthcare sector as well. This paper will address the importance of having a clear strategy and vision pertaining to the healthcare sector and illustrating a case in the light of it.