Strategic Plannings

Strategic planning is the process through which an organization defines its direction or strategy as well as makes critical decisions to allocate the scarce resources in pursuit of those strategies. To understand the prospect direction of an organization, it is essential to comprehend its existing position as well as the possible avenues that may be used to pursue certain courses of actions. Strategic planning is very essential in the sustainability of all healthcare organizations. The key components of strategic planning are vision, mission, values, and strategies. These encapsulate the aspirations and objectives of an organization and all of those aspects are described in this memo writing There are seven basic steps involved in the strategic planning process and continual monitoring of the both the internal and the external environment.

The seven-step approach involves, first, determining where an…