Question: Business Plan
Strategic planning within organizations provides a plethora of benefits to the organization, including meeting goals specified in the plan and contributing to the long-term success of an organization.Corporate-level strategy is informed through an organization's mission and vision statement.Portfolio management is driven by the mission, vision, and corporate-level strategy, and implemented at the Strategic Business Unit level.SBU-level strategies seek to develop resources and competencies.SBU's also have mission and vision statements to set the strategic direction of the entire unit.The strategic direction of the SBU is related to corporate-level strategy.The functional area may include the following, but possibly on a smaller scale: clinical operations (for example, within this area you could have radiology), marketing and promotion, human resources, information and clinical technologies, and finance department.Within the SBUs, these functional areas also have strategies.
Search for a strategic plan ina healthcare organization. After reviewing the strategic plan, select a business function or department within the selected healthcare organization to develop a business plan.The goal of the business plan is to help the organization implement the organizational mission and vision through setting a specific, measurable goal. Alignment between the organizational strategic plan and a business plan is key to successful implementation.The purpose of any department is to achieve the organizational mission and carry out various strategic initiatives that meet the mission and vision.In other words, the business plan intends to make the organization better in the specific direction the company wants to move in.
For this assignment, select either your own healthcare organization or one you know enough about to complete a business plan. The same healthcare organization will be used for the entire Business Planassignment, including the following parts:
• Part 1: SWOT Analysis -Topic 4
• Part 2: Action Plan -Topic 6
• Part 3: Stakeholder Analysis and Communication Plan -Topic 6
Create a business plan of 1,500-2,000 words, excluding title page, abstract, and appendices according to the instructions provided below for each part.
Part 1: SWOT Analysis
Strengths: 1. There is utilization of technology in the provision of services which lead to improvement in the quality and consistency of the services.
2. There is caregiver support program which affiliated with benefits such as mental health care and health insurance.
3. Availability of transformation plan which bolsters mental health services (Nelson et al., 2016).
4. The department has several fully equipped branches across the country.
5. There is a collaboration with the private sector for the adoption of more new inventions and technologies.
Weaknesses: 1. There is a shortage of staffs resulting in an increased workload, the death of patients and more liabilities.
2. The patient files have backlogs, and there is inadequate information.
3. Long delays in processing the needs of the veteran (Siu et al., 2016).
4. There is waste of money in training services which have reduced credibility.
Opportunities: 1. The organization has loyal employees and streamlining of the internal organization will increase productivity (Chinman et al., 2015).
2. The organization goals will be attained through satisfying employees need.
3. There is also a room for innovation and through the adoption of new services.
Threats: 1. The organization depends on the government for funds thus face the threat of being privatized. Privatization will reduce accessibilities of the organization properties.
2. There is increased mortality of veteran due to diseases and aging (Siu et al., 2016).
3. The services can be politicized reducing the benefits to the veteran.
The strategic goal of the analysis is to depict the weakness within the organization so as to utilize them to make necessary improvements.
Part 2: Action Plan
Address the following items:
1. Brief description of the project (My business plan would aim to decrease the wait time for veterans at veteran's hospitals. By focusing on my weakness within my SWOT.
2. History or rationale (including industry trend data as appropriate).
3. Market analysis (including competition).
4. Goals and outcomes (relationship to strategic focus).
5. Structure (including alliances, contractual relationships, etc.).
6. Financial data overview: Include a summary of what financial data you examined or would examine.For each financial statement, describe the specific factors that informed you (net revenue, profit loss, balance sheet major).
7. Personnel/Staffing (including provider relationships as appropriate).
8. Implementation schedule: Develop an implementation schedule that identifiesthe resources and competences in your department and describe how they are matched to the strategic initiative.Identify how your action plan aligns to the organization's strategic initiatives.
While APA format is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines.
Part 3: Stakeholder Analysis and Communication Plan
Complete a stakeholder analysis to identify and prioritize the various stakeholders. Refer to the "Stakeholder Analysis - Winning Support for
Your Projects," resource (located on the Mind Tools website) and complete all steps.
Include a communication plan for disseminating your action plan for all of the stakeholders. Which strategies do you plan to utilize and why?
Your plan should demonstrate how you plan to use various types of communication channels to implement the plan.
In addition, explain how the communication plan addresses what you are hoping to achieve with your strategic goal.
While APA format is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines.