Question

Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data....

Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data. Discuss how you might include this type of financial data in your CLC Business Plan.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data. Discuss how you might include this type of financial data in your CLC Business Plan.

Answer:-

"A vital arrangement is an authority instrument. To create affect it must join an unmistakable explanation of direction and yearnings, a dynamic appraisal of the association's circumstance and recognizable proof of what to do to anchor its coveted future" (Beckham, 2016, para.1). The vital arrangement must distinguish what the eventual fate of the association resembles. It consolidates key suspicions with the real information the association as of now has. "At the point when successfully connected, a vital arrangement conveys five key results. It 1) Defines, develops and sustains a value advantage, 2) produces meaningful differentiation, 3) focuses allocated and aligns resources, 4) develops understanding, insight and commitment, 5) drives accountability and effective implementation”

Just as there is no one way to define strategic planning, there is no single way of doing it. Examples and guidelines are presented here that you may draw on to implement a process that makes sense for your practice.

The leaders of the training ought to be the ones who direct key arranging. On the off chance that your training is large to the point that including all accomplices could make a gathering clumsy, it may bode well to have a littler gathering, for example, the official board, do the arranging. Notwithstanding investors, you may need doctor partners and key chiefs to take an interest. Consideration of people who are not accomplices, at any rate for a few sections of the gathering, may likewise have preferences. This can encourage purchase in to the key heading, in this manner adding to the accomplishment of the subsequent activity plan. The oncology group at the Toledo Clinic, a large multispecialty center in Toledo, Ohio, found it beneficial to include the executive director of the clinic. By participating, the director gained valuable insight into the special administrative and practice needs of oncology.

A strategic plan is a tool that moves your practice toward a goal you have set. However, the definition of a strategic plan differs among different people, according to management consultant Teri Guide, MBA. Guide, chief executive officer of Oncology Management Consulting in Philadelphia, Pennsylvania, points out that although there is “no wrong idea” of what a strategic plan encompasses, people often do have misconceptions about it. "Some anticipate that a vital arrangement will be exact—it's most certainly not. Some feel that it will take you forward everlastingly—it won't. The greatest misstep individuals make is as of now having the final product at the top of the priority list when they begin."

Add a comment
Know the answer?
Add Answer to:
Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Perform a literature search in the GCU Library on smart card technology and write a 1,000...

    Perform a literature search in the GCU Library on smart card technology and write a 1,000 to 1,250-word paper that addresses the topic and, specifically, the following questions: What is the history of "smart cards"? Which industries have utilized smart card technology successfully? Explain the concept of "stored value" as it applies to smart card technologies and describe how this feature might be utilized by consumers to obtain health care services. Explain how smart cards can reduce fraud and streamline...

  • Strategic Plan vs. Business Continuity Plan Strategic Planning and Business Continuity and Disaster Recovery Plans are...

    Strategic Plan vs. Business Continuity Plan Strategic Planning and Business Continuity and Disaster Recovery Plans are crucial in the healthcare field. These plans assist the healthcare organization in meeting its goals and vision even when the unexpected events do occur. Preparedness is important to minimize disruption and maintain patient safety and the quality of healthcare. Tasks: Using Online Library or the Internet, create a report in a Microsoft Word document that answers the following questions: Compare and contrast the goal...

  • 1) READ THE ARTICLE TO GIVE YOU MORE INFORMATION TO BASE YOUR COMMENTS ON: Strategic Planning...

    1) READ THE ARTICLE TO GIVE YOU MORE INFORMATION TO BASE YOUR COMMENTS ON: Strategic Planning (in nonprofit or for-profit organizations) Written by Carter McNamara, MBA, PhD, Authenticity Consulting, LLC, experts in strategic planning. Copyright 1997-2008. Adapted from the Field Guide to Nonprofit Strategic Planning and Facilitation. Simply put, strategic planning determines where an organization is going over the next year or more, how it's going to get there and how it'll know if it got there or not. The...

  • Discussion Board Post: You would think that the value of strategic planning would be well established...

    Discussion Board Post: You would think that the value of strategic planning would be well established and without controversy; not so. There are a few scholars who think that the environment is often too dynamic to establish effective strategic plans. In addition, many feel that the plan can be a restriction on innovation. In other words, a firm, community, region, state, or nation becomes entrenched in a specific strategic plan that it cannot adjust to change or innovate. The controversy...

  • respond: Strategic planning should be formal or semi-informal, depending on the size and nature of the...

    respond: Strategic planning should be formal or semi-informal, depending on the size and nature of the organization. The larger and more complex the business is should correlate with the formality of the strategic plan. I’m a veteran and have experienced how the military has a very formal strategic plan and account and plan for every conceivable situation. I also own and run a small business in the financial services industry and have a semi-formal strategic plan. The extent of my...

  • Financial Planning is an essential element in virtually all aspects of business and personal financial management....

    Financial Planning is an essential element in virtually all aspects of business and personal financial management. Financial planning may be short-term and long-term. Financial planning will change to meet the needs of business and as our life changes (college, marriage, divorce, children, retirement, buying a car/home, etc.) Discuss the importance of financial planning, how it may change, how much money will you need to retire, what factors should be considered (how long you plan to work, does your company offer...

  • Forrester, NMSU, Exante Financial Services, and Others: Getting Real about Strategic Planning It must be nice...

    Forrester, NMSU, Exante Financial Services, and Others: Getting Real about Strategic Planning It must be nice to be the CIO of a FedEx, or a GE, or a Credit Suisse, where IT and the business are so tightly aligned you can barely tell the two apart. In such companies, corporate leaders understand that IT is a strategic asset and support it as such. These are places where the CIO is encouraged to spend the majority of his time on the...

  • My topic is cultural competence in a hospital Identify which management tactics and strategies you will...

    My topic is cultural competence in a hospital Identify which management tactics and strategies you will implement to meet your strategic goals for each of the stakeholders, departments, or business functions impacted by your plan: MBO, MBM, single-use or standing plans, competitive advantage, contingency planning, building scenarios, crisis planning, and innovation. Provide an explanation of how you will apply managerial decision-making methods throughout your action plan. Which business functions will be impacted by your action plan? What tactics will you...

  • Cultural competence is the topic. Identify which management tactics and strategies you will implement to meet...

    Cultural competence is the topic. Identify which management tactics and strategies you will implement to meet your strategic goals for each of the stakeholders, departments, or business functions impacted by your plan: MBO, MBM, single-use or standing plans, competitive advantage, contingency planning, building scenarios, crisis planning, and innovation. Provide an explanation of how you will apply managerial decision-making methods throughout your action plan. Which business functions will be impacted by your action plan? What tactics will you use to manage...

  • Build the following data structures in c++: STACK (Do not use the STL library for your...

    Build the following data structures in c++: STACK (Do not use the STL library for your containers) C++ Stack and Queue should contain Insertion (Push/Enqueue) Deletion (Pop/Dequeue) Print/Display Sort (Stacks: Value or Color, Queue: Alphabetical) Search (Contains, position, and how many instances as three separate functions) Clear/empty Size (if empty, print that it’s empty) Each data structure should contain a set of overloaded operators (Respect innate object behavior): ‘+’ (addition) that allows you to add two objects of the same...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT