Strategic Management and Planning Report

Strategic Management and Planning Report

Strategic Management and Planning Report Paper Help
The leader of a local health care organization, Kendra Klein, has noticed other health care organizations successfully incorporating strategic management practices. Kendra is considering using strategic management for her health care organization. She has hired you to research what the strategic planning development and implementation process is and to address why it helps organizations be successful.
Write a 700- to 1,050-word report that answers the following questions:
•What are the major components of strategic management, and why is each component needed for success?
•Why are an organization’s mission and values important to strategy formulation?
•What benefits does a strategic management process bring to a health care organization?
•How does strategic management affect organizational decision making and financial performance?
◦How does strategic management affect the way an organization responds to its environment?

Cite a minimum of 2 peer-reviewed, scholarly, or similar resources to support your information.
Format your report according to APA guidelines.
Strategic management is the process of employing that kind of large-scale, objective-oriented approach through the use of three major components: environmental scanning, strategy formulation and implementation and strategy evaluation.

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One may also ask, what is the most important part of strategic management? Strategy Implementation This is arguably the most important part of the entire strategic management process. At this point, each member of the team should have a clear understanding of the plan and should know how they play a part within it. This is the stage where your strategy is put into action.
Moreover, what are the six components of the strategic management process?

Strategic Management Process 6 Steps:

• Developing Organization’s Vision and Mission.
• Strategic Analysis of the Organization.
• Establishing Objectives.
• Strategy Formulation.
• Strategy Implementation.
• Strategic Evaluation and Control.

What are the components of strategic leadership?
6 Components of #Strategic Leadership

• Determine the organization’s purpose or vision.
• Exploit or maintain core competencies.
• Develop human capital.
• Sustain an effective organizational culture.
• Emphasize ethical practices.
• Established balanced organizational controls.