HCS 589 WEEK 1 Strategic Planning Report

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HCS 589 WEEK 1 Strategic Planning Report

HCS 589 WEEK 1 Strategic Planning Report

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The leader of a local health care organization, Kendra Klein, has noticed other health care organizations successfully incorporating strategic management practices. Kendra is considering using strategic management for her health care organization. She has hired you to research what the strategic planning development and implementation process is and to address why it helps organizations be successful.

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?
  • Why 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 2 peer-reviewed, scholarly, or similar resources to support your information.

Format your report according to APA guidelines.

Click the Assignment Files tab to submit your Strategic Planning Report HCS 589 Assignments assignment.

HCS 589 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 will write a strategic plan using the following outline. You may choose a health care organization you would like to focus on 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 that 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 multi-week assignment that has five components:

  • Part I: The Organizational Structure (Week Two)
  • Part II: Environmental Analysis (Week Three)
  • Part III: Financial Planning (Week Four)
  • Part IV: Implementation (Week Six)
  • Part V: Evaluation and control (Week Six)

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

Research your chosen organization’s governing structure.

Write a 1,400- to 1,750-word report on your findings that address the following:

  • Identify the organization’s mission, vision, and key values.
  • Analyze the framework of a strategic plan.
    • Describe the strategic planning model your chosen organization uses.
  • Evaluate the relationship between the strategic plan and your organization’s mission, vision, and values.
  • Describe the organizational structure of your chosen organization.
  • Identify the current key leaders in your chosen organization and describe their roles.
  • Describe the change management model your chosen organization uses.
  • Evaluate the impact of governance on implementation of strategic goals.
    • Consider the role of the Board of Directors on formation of strategic goals.
  • Analyze 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
    • Strategic resources
  • Analyze how the organization uses its value chain to implement its strategic plan.

Cite at least 3 peer-reviewed, scholarly, or similar resources to support your information.

Format your paper according to APA guidelines.

Click the Assignment Files tab to submit your Strategic Planning Report HCS 589 Assignments assignment.

HCS 589 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. Address the following items:

  • Assess the organization’s internal strengths and weaknesses.
  • Analyze the industry for opportunities and threats.
  • Perform a SWOT 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.
  • Evaluate the impact of the following 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:

  • Evaluate the significance and implications of an external environmental analysis in the development of a strategic plan. For your evaluation:
    • Explain the purpose of environmental analysis.
    • Describe possible implications of environmental analysis in the creation of your strategic plan.
    • Analyze evolving external issues that can have an impact on the strategic plan.
    • Evaluate benefits of competitive analysis as part of the strategic planning process.
  • Based on your SWOT analysis, provide an assessment of your chosen organization in which you:
    • Evaluate the organization’s ability to accomplish its mission, goals, and objectives as set in previous strategic plans.
    • Evaluate 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 of them.

Cite at least 3 peer-reviewed, scholarly, or similar resources to support your information.

Format your paper according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

HCS 589 WEEK 5 Program Review and Application

Create a 15- to 20-slide presentation in which you identify important concepts and best practices that you learned during your program, and explain how you will apply those in your current or future health care career.

Include detailed speaker notes.

Click the Assignment Files tab to submit your Strategic Planning Report HCS 589 Assignments assignment.

HCS 589 WEEK 4 Strategic Plan Part III – Financial Plan

Resource: Preopening Budget Example

Create 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

Create a 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, capital outlay, and ROI (if applicable).

Include budget strategies to increase volume and budget assumptions.

Section Two: Financial Plan Explanation

Write a 1,050- to 1,400-word narrative discussing the fiscal details 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.
  • Budget summary: When explaining your budget:
    • Describe the organization’s current business model.
    • Evaluate the impact of internal resources and financial capabilities on the business model implementation.
      • Determine how the organization’s internal resources and financial capabilities affect your financial plan.
      • Determine how they will affect implementation of the plan.
    • Explain the details of the budget assumptions and the strategies to increase volume.

Cite at least 4 peer-reviewed, scholarly, or similar resources to support your information.

Format your paper according to APA guidelines.

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

Click the Assignment Files tab to submit your assignment.

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