Strategic planning is critical in all organizations to maintain competitive advantages or market positions, among many other reasons. Regardless, in healthcare, strategic planning encompasses the creation of objectives as well as the setting of practical goals. The outcome is to ensure the organization can determine its goals and set correct paths to achieve them. Additionally, the plans should motivate the employees to aid in making the organization achieve its target. In healthcare, the success of institutions is critical; by understanding the functionality of the organization, strategic plans are developed to affect the entire organization.
Additionally, to aid organizations to attain set targets, it must adhere to the set approach towards a successful future. The factors that affect the future of planning of an organization include, firstly, organizational priorities. In most healthcare organizations, the main priority is patient satisfaction (Haines, 2016). However, priority can hinder the objective, thus affecting future planning. The second factor is company resources; the evaluation of company resources actively determines the approach the organization is to apply (Haines, 2016). For example, if resources are limited, projects, and operations stall. Thirdly, contingency considerations to changes in the market; healthcare organizations must always forecast the institution’s future to prepare for any changes. The process relies on predictions and estimation (Haines, 2016). However, most of the process is based on statistics, and lack of can limit future planning.
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The analysis of strategic planning depicts the importance of strategy in helping organizations plan. The process relies on specific tools to attain the needed predictions. They include the SWOT (strengths, weaknesses, opportunities, and threats) analysis, Porter’s five forces, Visioning, VRIO framework, and PESTLE analysis (Haines, 2016). The tools identified offer mechanisms to analyze and monitor the environment from both a micro and macro business perspective.
Reference
Haines, S. (2016). The systems thinking approach to strategic planning and management . CRC Press.
