I need help with a paper I am writing on the following. Please include any references you use.
The leader of a local health care organization, Ken Janowski, has noticed other health care organizations successfully incorporating strategic management practices. Ken is considering using strategic management for his health care organization. He has hired you to research what the strategic planning development and implementation process is and to address why it helps organizations be successful.
• What are the major components of strategic management, and why is each component needed for success?
• How 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?
o How does strategic management affect the way an organization responds to its environment?
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https://brainmass.com/health-sciences/evaluation-measurement-and-research-methods/strategic-planning-development-implementation-process-547595
Solution Preview
The major components of strategic management include conducting a situational analysis in order to ascertain the current condition of the organization in relation to where the leader wants the organization to go in the future. The next component of strategic management is to develop a specific mission for the organization in order to focus its efforts in the completion of specific mission-based objectives. A third component of strategic management is to develop an execution plan by which to achieve the objectives or strategic initiatives that are set …
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