Formulate a Strategy for a Strategic Plan
Your meeting with leadership went extremely well, and you have been given authority to begin the next phase of your strategic plan by formulating a strategy. What four components make up the strategy formulation process? Describe the role each plays in developing a strategic plan for a healthcare organization. Relate this phase to your hospital to illustrate your reasoning.
Prepare an outline of your strategy formulation process and include the four components with the last component comprising the subset of components needed for your strategic plan. You will be formulating a skeleton for your final strategic plan.
Support your paper with a minimum of seven scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included.
Length: 7 pages, not including title and reference pages
Answer Preview
Directional strategies are the strategies that an organization implements to define their goals and objectives by providing a framework for the directional approaches to be used (Rao, V. S. P., and Krishna, V. H. 2013). They are essential since they form the context of decision making hence maintenance of the strategies is important to ensure that the staff, and organization are committed to a common set of values which will be a…
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