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1.- Gloria: Before we get into what activities are involved in strategic management let’s first discuss what it does. Strategic management deals with finding relationships in order to secure that various sector within the company goal to meet what is required by the company. It creates room for objectives, researching the environment where competition is coming from, looking for data within the inside of the organization strategies of evaluation, making sure management gives way for approaches going around the organization at hand. Strategic management uses both short-term and long-term actions: before beginning short term activities a written list of long term activities should be made available so that you can located where the position of the market is. Make a choice as to where your place is, and what will the futuristic vision of the company be in years to come. Give a written history once again of long term goals which offer assistance for you to spot the mission. Carrying out these steps is a vital resource in reaching all purposes with the company as well as getting specified positions in market at an set time frame. Employees feedback should be a valuable tool in before even writing long term goal and gives clarity to the direction of the vision for the company. Understanding is provided by the manager in charge of what steps will be taken to bring goal formed to come to life. Short term activities are connected to long term activities and have a set time frame as well as being precise and within the bonds of the organization. It give detailed information on how to carryout goals that are long term. Management once again has this responsibility to look after the ins and outs when appointing what goals happen when or to whom it is given to. When business check up on goals that where set and discover such goals have be carried out from different sectors and single persons. If a move occurred within in the business you have to be willing to work with them as to adjust activities in the short term nature. If and when these goal don’t make the standards of achievement you may want to change around workers from one department to the next and in other functions that give more successful outcomes.
strategic management is a guide that connects to functions with this plan that produce goals set in order. Offers direction in conversations when making choices centered on resources within the cost budget that accomplish standards set which boosts effectiveness in operations. Allows you to look in the future to better prepare for unforeseen risk. When a facility implements strategic management they can prevent high risk situations before they happen, this enables them to adhere to changing trends happening in the market and giving them added advantage from their competition. It defines what the direction is and assist to create real time objectives and goals that connect to the vision and mission charted for it.
2.- Adrienne : Strategic management includes both long-term and short-term activities as it happens on an ongoing basis. When a health care facility uses strategic management, this allows them to sustain their operations with long term in mind by completing short term goals with all levels of management and employees involved. Strategic management allows the management team to create the vision, mission, and the processes of the business. As the facility environment changes, the focus can be adjusted to help accomplish the strategic goals (Contributor, 2020). By following the business plan, the set deadlines and milestones will be completed as planned while meeting your long-term strategic goals. Strategic management starts with planning the activities for the future now and making sure all departments are aligned with the same plan for success of the whole business.
Strategic management is important to the future of a health care facility as you are essentially managing every single area of the facility with the future in mind and doing the absolute best you can in all areas (Contributor, 2020). With the constant changes taking place in the health care industry today, it is wise to have an ongoing plan that will put together the strategy and mission of the facility into play. The standard strategic plan is a three-to-five-year plan with scheduled reviews taking place to ensure the progress being made is correct and changes made as the health industry grows are being added. A strategic management plan is typically made up of these four different areas:
- Analysis and assessment – allows the facility to review their current and internal environment assessment.
- Strategy formulation – the development of the strategic plan.
- Strategy execution – the translation of the plan into a plan of action.
- Evaluation – completing the elevations of the performance that has been completed.
By continuously planning, analyzing, and monitoring that all areas are meeting their projected goals, this will ensure the success of the facility in the future (The SHSMD Team, 2017). Strategic management has also provided many benefits to the health care industries as it has allowed them to be nimble, focused on performance, future results and more engaged than ever before.
3.- Word document Located in the attached files