The steps involved in building a strategic plan

 

 

Analyze the steps involved in building a strategic plan for a health care organization. Discuss which step would be most difficult to implement.
Propose three ways in which a health care organization’s board of directors can influence a strategic plan for a health care organization.
Provide specific examples to support your rationale from readings throughout your program or from peer-reviewed journal articles.

 

Sample Solution

In healthcare today, challenges surface almost daily in terms of finance, reform, government mandates and policy, technology, and customer satisfaction. Strategic thinking, assessing and modeling are becoming requirements for an organization to survive the turbulent healthcare climate. Strategic planning provides a roadmap to where the company is going, and directions on how to get there. It is used to guide all decisions, including those regarding capital, technology, staff and other resources. Steps involved in building a strategic plan for a healthcare organization include: review/develop vision and mission; business and operational analysis; develop and select strategic options; establish strategic objectives; strategy execution plan; establish appropriate budget and resource allocation; and the execution review.

Since the organization needs to make item for the future ; it is expecting to foster item which will empower to disturb the standing and Communication the executives business which will assist with expanding the man-made brainpower abilities, for suggesting clients with the most appropriate correspondence methodology and simultaneously fabricating correspondence stages for what’s in store.

 

The organization is additionally very much aware of the various types of hazard that they are uncovered, for example, serious, liquidity and credit risk. Key faculty hazard and capital gamble both are additionally looking for consideration of the brand. It is for moderating these dangers, the supervisory crew of Access Intelligence goes to suitable lengths, for example, risk in the item that they are advertising. This will empower them to become market pioneer in the business fragment , develop the outreach group across the gathering in a controlled way and furthermore putting accentuation on preparing and improvement of the work force. As an action for the credit risk, the organization continually following the clients for installments. To relieve the capital gamble, Access Intelligence is arranging non-center resources and settles on a legitimate speculation choices through consolidating different methods for assessing the interests in projects.

Hence, Access Intelligence is going for the gold which will empower to give a coordinated mechanized and dynamic capacity in view of correspondence programming items, force of man-made consciousness and through AI. This will empower to disturb the business by enabling clients with state of the art correspondence the board item for overseeing brands. So by empowering an equipped item improvement and legitimate accentuation on deals force, the organization is planning to convey best incentive for the financial backer’s interest in the organization.

 

Evaluation of the Capital Structure and profit strategy of the organization throughout the previous 3 years and its effects on the presentation of the organization:

 

The subtleties of the specific significant components are given in the table beneath which will assist with surveying the general capital construction and the profit strategy of the Access Intelligence and the effects on the monetary execution. The subtleties of the EBIT, Net benefit or deficit, value capital, obligation capital and profit history for the last 3 monetary years for the period finishing November 30th is given underneath; 2017 2016 2015 Earnings Before Interest and Tax(EBIT) [in £’000) – 3450 – 3001 – 3712 Net Profit (in £ ‘000) – 2777 – 1963 – 3243 Equity (in £ ‘000) 323 2043 3761 Debt (in £ ‘000) 3373 3275 4116 Interest paid (in £ ‘000) 343 395 266 Dividend paid (in £ ‘000) No Dividend Declared No Dividend Declared No Dividend DeclaredIt tends to be seen from the above table that the organization is exceptionally over turned with high measure of obligation capital when contrasted with value capital. It very well may be determined that the obligation value proportion of the Access Intelligence is 10.44 in 2017,1.60 in 2016 and 1.09 in 2015. Thusly

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