Strategic Planning Report of Health Care Organization in the United Term Paper

Strategic Planning Report of Health Care Organization in the United States - Term Paper Example Strategic planning, therefore, has to be effective in an institution in order to deliver positive changes. The first component of strategic management is Situational Analysis. This is the initial point of designing a mission statement of an organization and how the mission will be achieved. Situational Analysis is vital in that it creates a leeway in aligning an organization in relation to its environment. Situational Analysis consists of a number of activities. First, the management has to consider the organizational context. This is the internal environment of the organization and how effective it will be. Secondly, Situational Analysis is directed towards evaluation of the external environment. This considers the neighboring people, organizations and other factors that are not controlled by the organization. Situational Analysis is critical to an organization as it is the basis of establishing an organization that is likely to record desirable performance. The second component in strategic management is Strategy Formulation. This involves designing and structuring a number of ways of running the organization (Sanderson and Stirk, 2012). This involves developing the company’s strategies and how they will function. This is done by determining the strength of the company and how the strengths will help in ensuring growth. In most cases, Strategic Formulation is split into three parts. This includes operational strategies which will be based on the operation and execution of the various organizational tasks. The second part is the competitive level. In this level, the organization looks for better ways of developing a competitive advantage over its rivals. Thirdly, there is the corporate level where the organization deems to please its corporate associates. This is essential as it is directed towards creating an appealing approach towards customers, employees and the corporate associates. The third component in strategic management is Strategy