Internal And External Stakeholders : Strategic Planning Essay

956 Words 4 Pages
Introduction. With the ever-changing and highly competitive health care industry, now is a better time than ever to institute change within our prosperous organization. The ensuing research urges a proposal for change, leading to organizational success. The information below presents a comprehensive summary of the organization 's need and importance in implementing strategic planning towards change. Both internal and external stakeholders will benefit from this successful guide. This research will help carve a pathway through the presumed complications of strategic planning and successfully iron out rigid details. Mark Zuckerberg is famous for saying, "The biggest risk is not taking any risk. In a world that changes really quickly, the only strategy that is guaranteed to fails is not taking risks." Strategic Planning Defined. The act of planning, in general, unanimously aids an individual or group towards a desired goal. Planning before any action helps prepare for possible future events both positive and negative, in addition to providing an organized framework of progress. Typically used by groups or organizations, strategic planning involves a more detailed plan to implement such actions, guiding them through various processes and assessments of multiple factors. Research suggests strategic planning adds value to an organization due to the process of "looking to the future" and gaining a thorough understanding of the changing environment (Bellenfant & Nelson, 2002). The…

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