HCS 586 WEEK 1 Strategic Planning Report

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HCS 586 WEEK 1 Strategic Planning Report

HCS 586 WEEK 1 Strategic Planning Report: Read the following: The leader of a local health care organization, Ken Janowski, has noticed other health care organizations successfully incorporating strategic management practices. Ken is considering using strategic management for his health care organization. He has hired you to research what the strategic planning development and implementation process is and to address why it helps organizations be successful.

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Write a 700- to 1,050-word report of your findings in which you answer the following questions:

  • What are the major components of strategic management and why is each component needed for success?
  • How are an organization’s mission and values important to strategy formulation?
  • What benefits does a strategic management process bring to a health care organization?
  • How does strategic management affect organizational decision making and financial performance?
    • How does strategic management affect the way an organization responds to its environment?

Cite a minimum of two scholarly references to support your information.

Format your report consistent with APA guidelines. HCS 586 WEEK 1 Strategic Planning Report

HCS 586 WEEK 2 Strategic Plan Part I Organizational Structure

Read the following Strategic Plan Overview:

By definition, a strategic plan is designed to be used for 3 to 5 years or more. For your individual Strategic Plan project, you write a strategic plan using the following outline. You may choose a health care organization on which you would like to focus or develop a new health care business. Choose something you are passionate about and may implement in the future. It is recommended that if you choose to work with an existing organization, you add a new program or project to your plan. Suggestions for appropriate new projects include a new program or service for an existing organization, a new product line for an existing business, a new joint venture or acquisition, a new health care payer model for a state, or a new health care business.

Read the entire document. This is a multiweek assignment that has five components:

  • The organizational structure
  • Environmental analysis and setting strategic goals
  • The financial plan
  • Implementation
  • Evaluation and control

Select a health care organization on which you would like to focus.

Research your chosen organization’s governing structure.

Write a 1,400- to 1,750-word report on your findings in which you answer the following questions:

  • What are the organization’s mission and vision? What are the organization’s key values?
  • What strategic planning model does your chosen organization currently use?
  • Which theoretical framework such as systems theory or change theory does your chosen organization currently use?
  • What is the role of your organization’s mission vision and values in relationship to its strategic plan?
  • What is the organizational structure of your chosen organization?
  • Who are the current key leaders in your chosen organization?
  • What change management model does your chosen organization use?
  • How much involvement does the governing board have in implementing strategic goals?
  • What are the organization’s major service delivery and support activities in its value chain? At a minimum, include the following:
    • Location
    • Target market
    • Programs and services
    • Clinical operations
    • Marketing
    • Billing
    • Follow-up
    • Organizational culture
    • Organizational structure
    • Strategic resources
  • How may the organization use its value chain to help implement its strategic plan?

Cite at least three sources to support your information.

Format your paper consistent with APA guidelines.

HCS 586 WEEK 4 Strategic Plan Part III – Financial Plan

Resource: Preopening Budget Example located on the student website

Design a 3- to 5-year financial plan to implement the goals and objectives created in Part II of your strategic plan. The deliverables for the financial plan include a projected budget created in Microsoft® Excel® and a report in Microsoft® Word that clarifies and explains the financial plan.

Section One: Projected Budget

  • The projected budget should be a Microsoft® Excel® spreadsheet that contains a 3- to 5-year financial projection that includes detailed expenditures, income, contingency, gain or loss, and ROI (if applicable).

Section Two: Financial Plan Explanation

  • Write a 1,050- to 1,400-word narrative discussing the fiscal detail of the plan and the assumptions that were used in developing the projected budget.
  • Include all the elements required in the projected budget.
  • Include capital expenditure planning and contingency plans for unexpected events.
  • Financial details that cannot be found may be assumed.
  • Budget summary: When explaining your budget, answer the following questions:
    • What is the organization’s current business model? Did you make any financial adjustments that go against the way the organization planned its finances in the past? If so, what were they, and why did you make the changes?
    • How did the organization’s internal resources and financial capabilities affect your financial plan? How will they affect implementation of the plan?

Cite at least four sources to support your information.

Format your paper consistent with APA guidelines.

Submit your assignment as Microsoft® Excel® and Microsoft® Word attachments.

HCS 586 WEEK 3 Strategic Plan Part II – Environmental Analysis and Setting Strategic Goals

Resources: SWOT Analysis table

Complete an environmental scan for the health care organization you chose in Week Two.Use the SWOT Analysis table, located on the student website.

  • Assess the organization’s internal strengths and weaknesses.
  • Analyze the industry for opportunities and threats.
  • Perform a gap analysis. A SWOT analysis helps determine performance gaps. It includes the following components:
    • Strengths
    • Weaknesses
    • Opportunities
    • Threats
  • Describe the organization’s present and prospective customers.
  • Consider the following external factors:
    • Consumer and social
    • Competitive
    • Technological
    • Economic
    • Legal and regulatory

Submit the SWOT analysis as a Microsoft® Excel® attachment.

Write a 1,400- to 1,750-word report in which you do the following:

  • Explain why an environmental analysis is important in the development of your strategic plan by answering the following questions:
    • What is the purpose of environmental analysis?
    • What are the implications of environmental analysis in the creation of your strategic plan?
    • What are the major benefits of competitive analysis as part of your strategic planning process?
    • What evolving economic legal and regulatory issues may potentially have an effect on your strategic plan?
  • Based on your SWOT analysis, provide an assessment of your chosen organization in which you include the following:
    • The organization’s ability to accomplish its mission goals and objectives as set in previous strategic plans
    • The organization’s ability to respond to internal and external changes and challenges
  • Incorporate your SWOT analysis findings into clearly stated goals and objectives for a 3- to 5-year period, focusing on your strategic plan areas.
    • You will have two to three goals for each year, with two to three measurable objectives for each goal.
    • Goals may span several years.
    • Outline your goals and objectives clearly and provide a narrative explanation for each.

Cite at least three sources to support your information.

Format your paper consistent with APA guidelines

HCS 586 WEEK 5 Implementing a Communication Plan

Resource: One of the following case studies from Strategic Management of Health Care Organizations, as assigned by your instructor

  • Case 3: Community Blood Center of the Carolinas: Donations, Donations, Donations
  • Case 5: Can This Relationship Be Saved? The Midwestern Medical Group’s Integration Journey
  • Case 6: Ellen Zane – Leading Change at Tufts – NEMC
  • Case 18: The Premier Health Care Alliance Emerges

Review the assigned case study.

Write a 1,400- to 1,750-word paper that addresses the following:

  • What are the change initiatives or strategic information that should be communicated in the plan?
  • What challenges and barriers are related to the change initiatives? Anticipate the following:
    • Regulations
    • Changes in laws
    • Board members refusing to relinquish decision making to others
    • Getting buy-in from employees
    • A lack of resources
  • From the standpoint of a manager or administrator, develop a communication plan to implement the change and overcome the challenges and barriers associated with the change.
    • Describe how each level of employee is involved in implementing the change.
    • Describe any changes in organizational structure or size that may result from the change in strategy.
    • Identify standard operating procedures listing sequential activities that must be performed to successfully carry out your communication plan.
  • Describe the methods and strategies you would use to value and support the implementation of your communication plan. Ensure the communication plan aligns with the overall mission and strategic plan of the organization. Address how you plan to ensure the following:
    • The plan is implemented on time.
    • There is room in the budget for the implementation of the change.
    • The proper number of employees are adequately prepared and trained for the change.
    • Managers provide effective leadership and direction.
    • Synergy is achieved between functions and business units.

Include a minimum of four references.

Format your paper consistent with APA guidelines.

HCS 586 WEEK 6 Final Strategic Plan and Presentation

Resource: Strategic Plan located on the student website

Organize Parts I through III for your strategic plan as follows:

  • Reason for your strategic plan
  • Part I: Organizational Structure
  • Part II: Environmental Analysis and Setting Strategic Goals
  • Part III: Financial Plan

Complete Parts IV and V of your strategic plan and add them to Parts I through III.

  • Part IV: Implementation
    • Similar to your Learning Team assignment last week, describe how you plan to implement your strategic plan. In 700 to 1,050 words, address the following:
  • The potential barriers you anticipate and how you plan on overcoming them
  • How you will communicate your plan to all the organization’s employees
  • Your market entry strategy and the procedure you plan on using to implement your strategic plan
  • Part V: Evaluation and Control
    • In 700 to 1,050 words, answer the following questions:
  • What measurement guidelines should be used to verify strategy effectiveness?
  • If your strategy does not go according to plan, at what point would you consider altering the strategic plan you have suggested?
  • What tolerance range should be in place that would call for corrective action if exceeded?
  • What corrective action would you need to make if the organization’s performance fell outside the tolerance range?
    • Submit the assignment as a complete plan, including Parts I through V.
    • Cite at least five sources to support your information.
    • Format your paper consistent with APA guidelines.

Present a completed strategic plan to the board of directors or funding source of your organization for approval.

  • Outline your strategic plan in a 12- to 15-slide Microsoft® PowerPoint® presentation with extensive speaker notes and references.
  • Describe why the organization needs a plan and walk the audience through every step in the strategic management process. Include the following:
    • How the plan fits with the company’s current mission, vision, and values
    • Environmental scanning for competitive advantages
    • Setting strategic goals
    • Internal dynamic and resource considerations for strategy implementation, including key budget information
    • Measurement guidelines
    • What feedback considerations the organization should put into place to ensure the success of the company
  • Keep your audience in mind and make your strategic plan convincing.
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