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Strategic planning theory
Strategic planning theory
Strategic management
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Strategic Planning
Strategic planning is when a groups of decision makers for the organization sit down together and develop an agreed upon, step by step plan, which will allow the achievement of the organization’s mission and vision. This requires the group to utilize their critical thinking skills to develop SMART goals. These SMART goals can be used as benchmarks to ensure the plan they have created are meeting the group desired outcomes. This planning requires both an analytic and emergent approach.
Analytical Approach
Analytic approach is when management uses their knowledge of the capacity of their organization and effects of outside forces to develop a plan which follows a sensible progression of stages towards completion
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It is composed of strategic thinking, strategic planning and managing strategic momentum. Strategic thinking is an intellectual process to envision where to take the organization. Strategic planning is the process of taking the ideas created using strategic thinking and turning it into reality. The planning process creates a step by step strategy to take the company. Once the plan is implemented, it will require managing strategic momentum. At this point, the plan can be adjusted to overcome any issues that have …show more content…
The regulatory organization that has the largest impact upon health care is the Joint Commission. Joint Commission conducts assessments on health care organizations to ensure minimal safety standards are met. If a health care organization loses this accreditation, the organization loses its ability to collect money from federally funded health insurance programs, aka Medicare and Medicaid. Primary provider is an umbrella term which includes hospitals, public health organizations, doctor’s offices, and any other organization that actually provides health care/patient care services. These organizations are the first to change how health care is actual practices and delivered to the patients. They implement the policies and regulations that are created and enforced by outside agencies, which fall into the external environment category. Government institutions shape the laws that govern the health care industry. Laws and policies created by all levels of government, local, state, federal, determine how health care organizations operate in their jurisdiction. State and Federal governments also determine reimbursement rates for Medicare and Medicaid patients. When money is involved, health care organizations are quick to
(Yoder-Wise, 2015) During the process of planning you need to assess your internal and external environment, identify any opportunities and threats. Then you want to create your plan and identify your goals and objectives, implement the plan and lastly you evaluate and make any necessary changes. In strategic marketing, you want to identify your target market and research it. When planning you identify your strategies and objectives you identify what services you will provide and at what cost an how you’re going to market your plan. You can evaluate by getting feedback from consumers through different
Brigham and Women’s Hospital (BWH) is located in Boston, Massachusetts. This hospital is a major teaching hospital of Harvard Medical School. The Brigham and Women’s Hospital is a product of merge from three large teaching hospitals of Harvard Medical school. Those hospitals were: the Peter Bent Brigham Hospital, the Robert Breck Brigham Hospital, and the Boston Hospital for Women. Since 1980, after the merge, Brigham and Women’s hospital became the largest, the most innovative, and the most respectful hospital in the North-East USA. (Brigham and Women’s and Faulkner Hospitals, 2013)
However, beyond these important components, there are regulatory agencies that govern and grant a hospital the right to operate and require the hospital to remain compliant with their rules. Some of these agencies and laws are the Centers for Medicare and Medicaid Services (CMS), the Joint Commission (TJC), the Health Insurance Portability and Accountability Act (HIPAA), the Emergency Medical Treatment and Active Labor Act (EMTALA), and individual state laws. According to Shannon (2010), each of these laws and regulatory bodies has unique and specific requirements the hospital must meet to either participate in a benefit of the agency or in some cases, the right to remain doing business. Many of the agencies use in-person site surveys and inspections to monitor compliance. Furthermore, liability insurance companies, including those covering malpractice, usually require a formal risk management plan be in
Because healthcare provides such a specialized service to its customers, It is subject to most regular regulatory agencies, but in addition, agencies that are specialized to deal with healthcare and the quality of care provided. The Occupational Safety and Health Administration (OSHA) is one regulatory agencies that organization like Kaiser is expected to abide by. These regulatory organization perform and essential function in healthcare. OSHA being one of the largest regulatory agencies has a big say so in what guidelines need to be meet or exceed in healthcare. Organization like OSHA are necessary components to ensuring compliance and making sure that patients have a safe access to care. OSHA does this through a few methods. One way OSHA helps providers and patients by promoting an organizational safety structure (UNITED STATES DEPARTMENT OF LABOR, n.d.). Creating this culture in a healthcare organization cover all four stakes holder for companies like Kaiser Permanente. This is because organizational safety help tapper off the burden of cost associated with poor patient safety (UNITED STATES DEPARTMENT OF LABOR, n.d.). By having regulations that prevent this, the staff member have better outcomes, which in turns means the member gets a higher quality care. This then lends to the credibility of both the regulatory bodies like OSHA, and Kaiser Permanente as a whole covering
One being the Health Maintenance Organizations (HMO), which was first proposed in the 1960s by Dr. Paul Elwood in the "Health Maintenance Strategy”. The HMO concept was created to decrease increasing health care costs and was set in law as the Health Maintenance Organization Act of 1973, after promotion from the Nixon Administration. HMO would, in exchange for a fee, allow members access to employed physicians and facilities. In return, the HMO received market access and could earn federal development funds. An HMO is a integrated delivery system that combines both the delivery and financial aspects of health care for consumers. Under the HMO, each patient is appointed to a primary care physician (PCP), who is essentially accountable for the long-term care of the members that she/he has been assigned and any specialists that a patient needs to see should be referred by their PCP. Some examples of HMOs are Kaiser Permanente and Humana. HMOs are licensed at the state level, under a license that is known as a certificate of authority. A pro of an HMO is that treatment for a patient can begin prior to their insurance being authorized; A member may benefit from this because there would be little to no treatment delays. A con of an HMO is that in order to save cost, most HMOs provide narrow provider networks; A member may not benefit if in an emergency because their “in-network” emergency room might be far or there are “quick-care” in their
Today healthcare cost is constantly rising. It is important to ensure that patient 's health are maintained and supported outside the clinical settings such as their homes and communities. Healthcare organizations play an important role in serving people to provide an effective health care and improve the patients ' outcome. They focus on activities and strategies to provide a high quality care for many communities. This is their way of helping people and their community healthy. Organizations have a way of improving the patient 's outcome through monitoring of patients especially those who have high medical needs.
There are various approaches towards a certain problem or strategy. Some approaches could fit in a given situation and not in another. Analytical/planned and emergent approaches have some differences as well as benefits and drawbacks. Analytical approach is that in which the vision, objectives and intentions of a firm are clearly stipulated and made known to the actors or staff as a way of realizing a certain outcome. It requires a clear vision, plans as well as formal controls aimed at enforcing them in a predictable environment. In this approach, external factors such as advancement in technology and change
Strategic Planning is looking at where you are now, knowing where you want to be in the future and planning the steps to get you there.
There are different types of strategic planning that are currently in use, since this is a widely debated area of management. However, it is concluded that there are two main schools of thought, the prescriptive approach or the emergent approach (Lynch, 2012). As defined by Lynch, (2012) prescriptive strategic planning is the term given to a strategy whereby the objective of the strategy is defined in advance and the main elements are designed and develop...
Health care laws and regulations influence the delivery of health care services in the United States. Health regulation and regulations agencies develop and enforce laws to protect and improve the access to affordable health care for all Americans. Regulatory agencies affect health care organizations, health care providers, drug and pharmaceutical companies, and health care research.
Strategic planning is the continuous and systematic process of guiding members of an organization to make decisions about its future, develop the necessary procedures and operations to achieve that future, and determine how success will be achieved.
If asked what strategic planning is one could interpret it as simply a road map that can guide the organization in the right direction. It is very unlikely that an organization would know which direction to take without a sense of direction. Managers are faced every day with decisions that have a major impact on the direction the organization must take, therefore, strategic planning can play an important role in guiding managers in the right direction. In other words strategic planning is a tool that management can use to give them a sense of direction that will guide them in doing a better job and to ensure that all the members of the organization are working toward the same goals
Strategic planning has a focus on stabilizing the current environment, and it also support the organization's business plans and goals. Strategic planning helps to implement new projects, new technology, consolidation of data centers, data warehouses, exponential data growth, cost of ownership, and resources available in an organization to assess the future requirements. Strategic planning analyzes the business plan, potential blockage or other issues in the current architecture, processes and their implementation in new initiatives, and processes. Strategic planning helps to formulate the ideas about the key factors that are affecting the present and future development of the organization and the opportunities offered by the environment and the competence of the organization.
Strategic planning is an organizational process in which it looks towards developing and sustaining success or balance in its ever changing environment.
Strategic planning implies establishing in advance what an individual or organization wants to achieve within a specified timeframe and deriving ways on how to achieve that. A strategic plan is basically a course of action that is used to attain desired results. It means anticipating the future and having measures on how to grow into the future. Technology is a macroeconomic factor that is rapidly growing and changing. Technology has had positive effects all over across the globe to business organization and to individuals.