...The Strategic Planning Process In the 1970's, many large firms adopted a formalized top-down strategic planning model. Under this model, strategic planning became a deliberate process in which top executives periodically would formulate the firm's strategy, then communicate it down the organization for implementation. The following is a flowchart model of this process: The Strategic Planning Process Mission | V Objectives | V Situation Analysis | V Strategy Formulation | V Implementation | V Control This process is most applicable to strategic management at the business unit level of the organization. For large corporations, strategy at the corporate level is more concerned with managing a portfolio of businesses. For example, corporate level strategy involves decisions about which business units to grow, resource allocation among the business units, taking advantage of synergies among the business units, and mergers and acquisitions. In the process outlined here, "company" or "firm" will be used to denote a single-business firm or a single business unit of a diversified firm. Mission A company's mission is its reason for being. The mission often is expressed in the form of a mission statement, which conveys a sense of purpose to employees and projects a company image to customers. In the strategy formulation process, the mission statement sets the mood of where the company should go. Objectives Objectives are concrete goals that the organization seeks...
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...Strategic Management Process November 22, 2010 Strategic Management Process Strategic planning is key to the success of any organization. According to Wheelen and Hunger, strategic management is a compilation of goals that will determine the future of an organization. Strategic planning includes internal and external environmental scanning, strategic or long-range planning, implementation, followed by evaluation, and control (2010). An organization will attempt to follow the four phases of strategic management to ensure success. The four phases are financial planning, forecast-based planning, external-oriented planning, and strategic management. Financial planning allows the managers to commence a serious planning process to create a budget for the next year. The ideas that the management proposes are usually based on information from the firm with little analysis done prior. Input comes from the sales forces but lacks environmental information. The basic financial planning usually halts normal work for a time to create a proposed budget and the time horizon in one year. The next phase is forecast-based planning so that a three to five-year plan will be created. The projects taken into consideration may be longer than a year in length. Managers gather both internal information and environmental data to create a possible trend for the next five years. Although this phase is time-consuming it is required to weed through the political aspects, evaluate proposals, and justify...
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...Strategy means a plan or a method selected and used to bring about a desired future, such as realization of a goal or solution to a problem. Strategic vision is the using of ideas to direct the activities and actions in order to grow a business and usually is included in the company statements so all manages can share the vision and make decision according with this. The strategy is providing organization, the framework for understanding its place and position on the market and how to move forward in terms of route and purpose. A mission statement describes basically what an organization is, why it happens, and its reason for existence. The mission statement reflects every facet of your business: the range and nature of the products you offer, pricing, quality, service, marketplace position, growth potential, use of technology, and your relationships with your customers, employees, suppliers, competitors and the community. A great business strategy can be summary described as an easy and clear way to understand and communicate the organization vision and mission internally and externally to the customers. IKEA had a good vision “to create a better everyday life for the many people”, using the concern of people for the environment and how to use in the better way both energy and raw materials. An aim is where the business wants to go in the future, its goals and is a statement of purpose (i.e. we want to grow the business in whole Europe). Business objectives are the quantified...
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...Strategic Planning Process By Sean Lovejoy MGT/498 Peter Baverso June 13, 2016 The strategic management is crucial to every business and businesses are forced to formulate strategic practices in today’s business setting. Strategic management is the assessment of strengths and weaknesses, and the ability to identify imaginative means of acquiring a competitive advantage. The process of strategic management is a long process including, the identification of the organization’s current mission, objectives, strategies, environmental analysis, SWOT analysis, strategy formulation and implementation, and lastly, the evaluation of results. No matter the service or product an organization must have a strategic management plan to keep themselves competitive in today’s business environment. A strategic management plan should ensure that the reduction of value creation costs and value creation performance are formulated in ways that consumers are willing to pay more for the product than the cost to produce it. The organizations strategies, mission, organizational and environmental analysis should be completed and once this is done the company can evaluate any information collected. This information will be used to create information on possible threats that lie ahead. Opportunities will be created as well as positive external factors and alleviate negative factors. Once all steps are completed the strategic management process will help an organization to evaluate it strengths and...
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...However, a business must also be aware of why it is different to others in the same market. This case study looks at the combination of these elements and shows how Kellogg prepared a successful strategy by setting aims and objectives linked to its unique brand. One of the most powerful tools that organizations use is branding. A brand is a name, design, symbol or major feature that helps to identify one or more products from a business or organization. The reason that branding is powerful is that the moment a consumer recognizes a brand, the brand itself instantly provides a lot of information to that consumer. This helps them to make quicker and better decisions about what products or services to buy. Managing a brand is part of a process called...
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...Strategic Planning and Nursing Process Every decision-making process requires the basic steps of problem identification, intervention and evaluation. In healthcare, both the nursing process and strategic planning involve proper identification of a problem, gathering of data, formulating a plan, and deciding which intervention is the best to implement. After the intervention, evaluation is necessary. Strategic planning and the nursing process both are essential when developing medical informatics. The goal of this paper to identify the nurse’s role in both strategic planning and the nursing process, describe the differences between them, and how nurses can become more involved in strategic planning in informatics. Differences Between Strategic Planning Process and the Nursing Process Strategic planning is a process that focuses on the organization’s vision for the future. It is a management tool that aligns the organization’s vision with its mission, values, long-term goals, services, people served and resources. It also includes setting policy guidelines. It is a long-term process, where reassessments are made based on the internal and external changes occurring with the organization. (Hebda and Czar, 2013). Successful strategic planning is vital to the survival of a healthcare organization, given the competitive market and changing health care reforms. Strategic planning is led by the organization’s chief executive officer (CEO) and board of directors and work with a diverse...
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...Strategic Planning and the Nursing Process Paper Brandon A Hazlett, RN HCS/482 June 1, 2015 Billy Kesserwani Strategic Planning and the Nursing Process Paper Strategic planning and the nursing process are both essential when one is developing medical informatics. The use of the nursing process is an exceptional demonstration of how the elements utilized within the process can be applied to strategic planning. The reason for this is the basis that both processes use the same elements to construct or utilize the system in which they are being applied. With the use of strategic planning and the nursing process, it is imperative to ensure that health care professionals understand and can properly utilize the language within the information technology world. The nursing process includes five steps to ensure care of patients. The five steps are assessment, diagnosis, planning, implementation, and evaluation. Strategic planning is similar to the nursing process in the way in which we assess and ascertain information from our patients and their support system. Strategic planning assesses one's understanding and comprehension that changes are required in a specific situation and that no situation is always that same. When using strategic planning, the project implementation team consists of representatives from departments within a facility. The departments typically include managers and employees on the front lines that are most accustomed to the activities or workings...
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...Strategic Planning and the Nursing Process Tuesday VanTuyl HCS/482 05/20/2015 Marilyn Goodloe Strategic Planning and the Nursing Process Nurses today work in a time of fast paced change and ever evolving technology. Just as the patient must be assessed and plans of care adapted, the way we care for those patients must change and adapt as well. The nursing process is the essential core practice of registered nurses in providing care (ANA, 2015). The familiarity of nurses in using a systematic approach makes them key players in strategic planning. Each of these processes share key components and differences but are both necessary elements of successful health care delivery. Registered nurses play an increasing role in the strategic planning and incorporating of informatics into the health care setting. Strategic Planning Strategic planning was initially mandated in 1974 by the National Health Planning and Resources Act but later repealed in 1983 (Hebda & Czar, 2013). The purpose of the mandate was to ensure that hospitals investing in new technology had a detailed plan describing how the investment met the goals of public policy by reducing costs, improving quality, and increasing access (Hebda & Czar, 2013). While not mandated, strategic planning is a widely used method to achieving health organizations goals today. Strategic plans are designed by looking at all the pieces of the puzzle and how they will fit together to achieve the goal of an organization (Strategic...
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...Strategic Planning and the Nursing Process HCS 482 May 5, 2014 Diana DeLucia, M.S., PMP, CISA, CISM Strategic Planning and the Nursing Process When discussing strategic planning the nursing process does not instantly come to mind and vice versus when discussing the nursing process strategic planning does not come to mind. After taking a closer look at these two processes though there are many similarities between the two that will be discussed in this paper along with the nurse’s role in both processes, and how nurses can become more involved in strategic planning in informatics. Strategic planning involves laying the ground work for a healthcare agency to adapt the use of healthcare information technology (Sewell & Thede, 2013, p. 355). This process should be a creative a flexible one. A good strategic plan will guide practice changes and decision making over a 3-10 year period. If the plan is creative and flexible it will allow for changes to be made over the course of time. This is especially important with keeping up with the latest technology. According to Hebda & Czar (2013), “Strategic Planning is very simply the process of determining what an organization wants to be in the future and planning how it will get there” (p. 139). The “Nursing Process is a systematic, rational method of planning and providing care which requires critical thinking skills to identify and treat actual or potential health problems and to promote wellness” ("Nursing Process...
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...Strategic Planning and Nursing Process Your name HCS/482 January 12, 2015 instructor Strategic Planning and Nursing Process Strategic planning and the nursing process have many similarities, however strategic planning has the potential to affect how nurses perform in profound ways. As the integration of technology and informatics, takes hold in healthcare settings nurses can help use their knowledge of the nursing process to develop a strategic plan to best incorporate this emerging technology. The goal of this paper is to compare the nursing process and the strategic planning process, as well as nurses’ role in both processes. Comparison “The nursing process is a scientific method used by nurses to ensure the quality of patient care” (Nursing Process, 2014, para 1). The nursing process helps nurses develop a plan to guide patient care through assessment, diagnosis, planning, implementation, and evaluation. Similarly, strategic planning is a method to design a comprehensive plan to guide an organization’s operations. Strategic planning has many of the same steps as the nursing process; assessment, analysis and identification of potential solutions, course of action, implementation, and evaluation/feedback (Hebda & Czar, 2013). While the nursing process focuses on a single patient’s goals, strategic planning focuses on organizational goals. The nursing process often involves a nurse and a patient, however strategic planning affects a variety of internal...
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...Nurses need an understanding of Nursing Informatics. “As nurses access data and process into information and knowledge, they build the wisdom necessary to positively affect the lives of their patients” (Mcgonigle, Hunter, Sipes, & Hebda, 2014, p. 324). Nursing informatics allows the nurse to track real-time patient outcomes, find data trends and access workload and interventions through the use of analytics. Because of the mandated healthcare reform, health systems will be transitioning to incorporate health information technology into the organization. “Organizations will be engaged in the implementation of the electronic health records, barcode medication administration, clinical documentation systems, data structures to participate in regional health information exchanges, and in the development of customer portals, patient health records, and other customer directed initiatives” (Hebda et al, 2013, Ch 7). It’s important for nurses to become more involved in Nursing Informatics. Evolving advances occur in nursing practice and technology. Being part of an education committee that introduces new technology resources and provides the education of use and purpose to the organization’s mission is a great way for a nurse to become more involved in Nursing Informatics. Chart auditing is another excellent way to spear-head nursing’s involvement. “In Nursing Informatics, more emphasis is given on documentation because quality of care depends on effective communication among healthcare...
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...Week 3 The Strategic planning process Click Link Below To Buy: http://hwcampus.com/shop/week-3-strategic-planning-process/ HCA7022-8 > Strategic Planning Stages > Week 3 A Situational Analysis A situational analysis is the first stage of strategic planning. It typically begins with an analysis of the current and recent situation of the organization. The situational analysis sets the tone and its purpose is to understand past successes and failures, allow those less knowledgeable about the organization to build a solid understanding, help determine what factors are subject to the organization’s control, and how external forces may affect the organization in the future. This stage also examines the organizational direction of the agency. It sets high-level direction, encompassing mission, vision, values, and key overall organizational strategies. Review the resources attached to prepare for this week’s assignment(s). After convincing senior leadership at your hospital that developing a strategic plan is necessary, leaders have asked you to provide more detailed information on how to begin this process. Prepare a PowerPoint presentation for your next meeting with leadership to provide this information. After examining Chapters 3 and 4 in your text, provide at least three (3) reasons why conducting a thorough situational analysis is the first crucial step in developing a strategic plan. Be sure to focus on the health care field and internal and external environments...
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...Strategic Planning and the Nursing Process Paper Strategic Planning and the Nursing Process Paper HCS/482 Health Care Informatics November 25, 2014 Strategic Planning and the Nursing Process Healthcare informatics is an idiom that refers to the use of information technology in the healthcare field. Several software applications are used in healthcare informatics mostly used are computers. The wide-ranging uses of healthcare informatics include but are not limited to electronic record keeping, information distribution, data observation, data investigation, and record keeping. Medical records are more readily accessible due to healthcare informatics. In the past health care medical records were written on paper and sometimes carbon copied paper. When patients went to the doctor their medical records were ordered and sent via courier to various departments. Healthcare informatics has improved patient care by providing clear legible computerized charting verses the illegible poorly written, unorganized charting health care providers were use to. The Nursing Process According to Definition: Nursing Process (2004), The Nursing process is defined as “a five-part systematic decision-making method focusing on identifying and treating responses of individuals or groups to actual or potential alterations in health”. The Nursing process includes assessment, nursing diagnosis, planning, implementation, and evaluation”. The nursing process is an organized...
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...Strategic Planning and the Nursing Process In any healthcare organization, the nursing process works hand in hand with the strategic planning procedure. Nurses are therefore required to be involved in the strategic planning process. The two processes are rather similar. Strategic planning is the process the organization uses to define its direction and make decisions allocating its resources, whereas, the nursing process is a 5 step method used by nurses to ensure the quality of patient care. These processes require the use of informatics as an instrument to achieve the goals of the organization. Strategic Planning and Nursing Process Strategic planning is used to ensure that both short and long term goals of the organization are in tune with the mission of the organization and to ensure that the goals are achievable. The steps of strategic planning are: identification of goals, assessing external and internal environments, analysis of collected data, identification of potential solutions, choosing next steps, implementation of actions, and ongoing evaluation in the perspective of bench marks (Hebda & Czar, 2013). Informatics is an important part of strategic planning and helps to guide the direction and execute the goals set by the organization. Similar to strategic planning, the nursing process is used to administer patient care in a manner that is goal targeted and methodical. Although the five step process of assessment, diagnosis, planning, implementation and evaluation...
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...Excellence in Financial Management Course 10: Strategic Planning Prepared by: Matt H. Evans, CPA, CMA, CFM This course provides a concise overview of how to do a strategic plan. The entire strategic planning process is outlined within this course. This course is recommended for 2 hours of Continuing Professional Education. In order to receive credit, you will need to pass a multiple choice exam which is administered over the internet at www.exinfm.com/training Chapter 1 Preliminary Considerations What is Strategic Planning? The essence of management includes the ability to plan. As you work your way up the organization, planning moves from operational to strategic. Strategic Planning is one of the principal responsibilities of upper-level management. Once management decides on the Strategic Plan, lower-level managers implement the Strategic Plan through an Operating Plan. Strategic Planning attempts to answer a very fundamental question: Where do we want to be one year from now, two years from now, three years from now, etc.? Strategic Planning requires that an organization develop a vision of itself - how do we see ourselves in the future? Strategic Planning looks at the big picture from a long-range perspective whereas the Operating Plan represents the specific tactics for carrying out the Strategic Plan year to year. Strategic Planning is a process whereby an organization makes choices about: ▪...
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