Strategic Plan Essay Example | Topics and Well Written Essays - 1250 words - 1

Strategic invention - try on ExampleThe background of the research attempted to reveal the way the researcher intends to ensure the organizations imagination, mission, and people strategies and determine statements align with the proposed strategic plan. A brief background of the company and objectives of the study were revealed, as well as, the mission, vision and core organizational values were presented. Additionally, the researcher carried out external and internal environmental s advisening on the proposed strategic plan using relevant resources of analysis the researcher assessed the external (threats and opportunities) and also the internal environmental analysis (strengths and flunk) of the company. Moreover, it was argued that given the information from the environmental scan, HCA should match its strengths to the opportunities, which it has identified, while at the same time addressing weakness and threats. With the controversies that have surrounded HCA, it was argued that the company needed to review its growth strategies to ensure it redeems its image and to put it in a constant path of growth. The strategic planning process focused on the significant of employing sound strategies that aligns with the external and internal environment. Varied recommendation for the best strategy were presented and one of them included planning about the growth strategies of the company and this is through focusing on meeting the demanding needs of customers and showing their corporation force to them. Another recommendable growth strategy that HCA should put into consideration is mergers and joint ventures. It was also argued that HCA should incorporate telemedicine in their institutions because this would suspensor them to accelerate its growth. Employing customer-focussed strategy that will ensure the corporation attracts new customers and retains the old ones was also seen as an impelling strategy for enabling the company to accelerate its growth. The i mplementation plan focused on the way HCA can achieve its intended objectives by conducting an intensive environmental scan to ascertain the internal functioning of its institutions, paygrade of its position in relation to the industrys tasks environment and evaluation of the external macro-environment factors. This was seen as spanking thus, the need to evaluate technological advancements in the field of nursing and medicine, and analysis of its preparedness to incorporate the competitory aspect of other stakeholders in the health sector. The research identified varied risks that are likely to go by in the organization and among the potential risks included the compliance to standards, fire outbreak risks, quality control risks, and changes in technology, as well as, hospital equipment failure, institutional restraints, and recruitment and retention staff issues among other risks. It was, therefore, argued that employing contingency plans is primeval because this will enable t he corporation to find efficient alternatives for managing risks in case the unplanned events occur. Strategic Plan Introduction In the contemporary highly competitive business environment, budget planning techniques have drive unsatisfactory for large organizations to survive thus HCA must engage in effective strategic planni