IMPORTANCE OF STRATEGY PLANNING

Importance of Strategy Planning

Importance of Strategic Planning

Importance of Strategic Planning

Strategic Planning provides a framework for organizational activity that could lead to better performance and greater sensitivity of the organization. Managers have found that defined mission of the organization provide proper direction and guidance to employees in their activities. The organizations work for better for it, and take more sensitive to a changing environment. The success of strategic planning is the power of anticipation, initiative and timely response of change, supporting their actions not on hunches but a method, plan or software, thus setting organizational goals and defining procedures adequate to achieve them. Strategic planning helps set priorities, to concentrate on the strengths of the organization, helps to treat problems in the external environment changes.

After a consideration of Strategic planning as a fundamental human activity, the entry explains the rational-comprehensive model of Strategic planning and its limitations and then examines alternative approaches to Strategic planning, including procedural models, systems theory, and strategic planning. It then discusses the place of Strategic planning in social-scientific theories and some of the applications of Strategic planning to governance.

Five main steps for building a strategic plan for a Health Care organization

The objective of strategic implementation is to decide “How do we get there?” with an established checklist of risk reduction strategies to be applied and altered for each venue, each event, and each area of concern. The five main steps which have to be taken to build a strategic plan for a health care organization are as follows:

Internal/External Assessment

The first and the foremost step in building a strategic plan are to consider the importance of patient health and fitness. This is because; the primary objective of the health care organization is to take utmost care of their patients. In this step, the market structure and dynamics of the health care industry studied and researched. This step shows how the market of healthcare is performing, this known as external assessment. The internal assessment will be finding the distinctive characteristics which lies within the company. If the distinguishing factors accurately identified, these distinctive characteristics can become the health care organization's competitive advantage over its competitors.

Evaluate Competitive Position

The next step in formulating strategic planning is to identify the competitors who are offering the same service to the same market which the organization is catering. This evaluation will help the organization to have a mirror view of their ...