Question

Instructions: Consider the five stages of the strategic management process:

• goal-setting,

• analysis,

• strategy formation,

• strategy implementation, and

• strategy monitoring.

Provide a hypothetical example where a healthcare organization would implement these steps, for example, to address a particular issue (limited facilities, financial challenges, outdated equipment, etc.) Explain how these five steps would be implemented to plan, deliver, and measure a solution.

Answer 1

The five stages of the strategic management process are vital for any organization. However, for this scenario, a healthcare organization can also use a strategic management process to increase their ability to achieve a specific goal. For example, if a healthcare organization is looking forward to implementing the EHR and EMR into its systems. First of all the healthcare organization will set the goals, then analyze whether it is financially feasible. If it is feasible then the strategy will be formulated on the EHR and EMR will be implemented. This is followed by the implementation of the strategy and lastly monitoring the strategy and whether the objective or goals are achieved or not.