April 6, 2015
Strategic Planning Report
A strategic planning report is to explain how the use of the tool will benefit an organization in the health care industry. Discussed in the report address what the strategic planning development and implementation process is and to address why it helps organizations be successful.
Mr. Janowski, I am responding to you request to receive information on how the use of strategic management will benefit and help your organization to succeed in the future. By definition a Strategic Planning Report is the use of internal information about an organization that outlines the direction, philosophy, and purpose of that organization. The tool examines the current status in terms of strengths, weakness, opportunities and threats. Helps to set long term objectives and develops short term tactics to reach them.
The major components of strategic management plan according The Olsen (2015) website by Erica Olsen are:
Mission statement: The mission statement is an overarching, timeless expression of your purpose and aspiration, addressing both what you seek to accomplish and the manner in which the organization seeks to accomplish it. It’s a declaration of why you exist as an organization.
Vision statement: This short, concise statement of the organization’s future answers the question of what the company will look like in five or more years.
Values statement or guiding principles: These statements are enduring, passionate, and distinctive core beliefs. They’re guiding principles that never change and are part of your strategic foundation.
SWOT: A SWOT is a summarized view of your current position, specifically your strengths, weaknesses, opportunities, and threats.
Competitive advantage: Your competitive advantage includes what you’re best at compared to the competition.
Long-term strategic objectives: These long-term strategic focus areas span a three-year (or more)