March 23, 2015
Strategic Planning Report Organizations establish priorities to determine the importance of the organization while combining available resources and energy. Strategic planning educates supervisors, staff and stakeholders the importance of directing their attention to the common goal. Strategic management provides the necessary tools for an organization to determine their mission and future success. Once the organization establishes a neutral goal among participants, they begin to incorporate changes to reach the goal. According to Reed (2013), "A well-crafted, duly executed strategic plan can provide numerous intangible, internal benefits for a health care organization's culture, working environment and employees," (p. 1). The health care environment changes daily. Daily changes creates a concern to employ strategic planning into the industry. Success occurs with the positive involvement of all participants.
Major Components of Strategic Management Strategic planning involves five essential components. According to Simply Strategic Planning (2005), " engaging commitment, setting long term strategic objectives for improved performance of the organization, generating policy options. Evaluating and deciding on strategies and monitoring implementation of the policies against the long-term goals" (p. 1). Successful implementation of each element demands a thorough corroboration and accountability from the organization. The strategic management process intensifies the five essential elements of strategic planning. An organization embeds their strategy and goals into the strategic management process. By doing so, the organization make better decision and produces better results while achieving fundamental goals. Clayton (2015) states, "The five stages of the process are goal-setting, analysis, strategy formation, strategy implementation and policy monitoring" (p. 1). This process provides a clearer picture of the organizations' goals and how to successfully achieve them.
Organization's Mission and Values Important for Strategy Formulation The goal setting process provides a clear vision to the organization. Goal-setting involves short-term and long-term goals. Supervisors initiate basic actions to accomplish particular ambitions. Each participant receives a specific task that contributes to the achievement of the organization's goals. Supervisors inform employees of their goals for the organization's future. Employees understand the goals. According to Demand Media (2015), "Lead by example which means being involved in working with employees to execute the objectives of the organization. In addition, be willing to listen to the recommendations of your employees. Allowing them to be involved in the goal-making process will spark enthusiasm. The goal will no longer belong to an aloof boss or distant company. Rather, it will become personal and meaningful to them" (p. 1).
Strategic Management Process Benefits a Health Care Organization An analysis provides beneficial data when establishing an organization's goals. Employees gather any pertinent data necessary for creating the organization's vision and providing a clearer picture. For future references, supervisors recognize strengths, weaknesses, possible threats, and active prospects. This knowledge creates a strategy formation that programs the organization's goals and visions in an order from least important to most important. Supervisors prepare an analysis. They create a strategy depending on current available resources. Many organizations look outside for additional resources. Without implementation, a strategy contains no value. Any course of action taken by management requires implementation. If the current structure refrains from a successful implementation, the strategic management team starts over and builds a new foundation (Reeves, 1993).
Strategic Management Affects