The Management Team Of The Healthcare Organization Essay

1120 Words Apr 18th, 2016 null Page
Within the healthcare industry, the management team of the healthcare organization develops a strategic plan, so that the business will have longevity within the medical industry. In order to ensure the strategic plan is implemented and functioning, the management must develop an action plan to help reach the strategic plan of the healthcare organization. Any business can fail if they fail to develop an action plan to implement their strategic plan (Sisson, 2013). Consequently, an action plan must address the following questions: “who, what, where, and when” (“Agency for Healthcare Research and Quality”, 2014, para. 4). Additionally, to help further identify where an action plan needs to be created within the organization, management can utilize a value chain to help identify areas of service that need to be addressed to become a competitive advantage that adds value to the company (Jurevicius, 2013, para. 7). The value chain analysis is another tool to help gather the information and analyze the information in such a way that it prevents management from being becoming paralyzed from all the information (Ginter, Duncan, & Swayne, 2013). Furthermore, the value chain helps to create more strategic goals for the strategy of the company (Ginter et al., 2013, p. 132). In turn, once the strategic goals have been identified, the management team will create an action plan to ensure the viability of the strategical goals that is a part of the strategic management plan.
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