N Assignment Example | Topics and Well Written Essays - 500 words - 1

N - Assignment Example Just as it applies to other corporate firms, planning strategically is adopted by hospitals following the same pattern that initiates with formulation, proceeds with execution, then evaluation of outcomes thereafter. Based on a more formal convention, carrying out a strategic plan essentially consists of four stages: -- (1) strategic formulation; (2) strategy implementation; (3) strategy monitoring; and (4) a disciplined analysis – all of which are linked from one stage on to the next in a loop, implying that the implemented strategy does not necessarily have to occur merely once with the same founded setting. The stages in cycle depict the flexibility at implementing schematic flow of agreements such that upon reaching the final stage and the strategies are assessed to have fallen short of meeting the targeted ends or set requirements and objectives, the responsible medical administrative body goes to find alternative means by which to remedy and modify with a new set of plans to work on. On accomplishing a strategy, the medical institution may need to prepare in coping with internal changes concerning the set objectives, action plans and budgets generated, level of accountability, duties and culture, as well as timelines. The course of implementation varies with complexity especially as it becomes spontaneously affected by factors that come in barrier form as – management barrier, vision barrier, people barrier, and resource barrier. Market assessment outline eventually requires thorough analytics as observed or studied from the strategic planning executed. A research on a well-implemented strategic plan indicates tight connection between long-term strategy and measures to more tactical planning and budgetting. Because each health organization has its own set of culture, mission, and vision to live by as seen fit by its constituents, a strategic plan is designed not only to settle