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Describe the process of strategic planning in the development implementation and evaluation of a new product line within your
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Answer :

Strategic planning :

It is a process through which the organization will develops long term vision and plan to implement and management.

It will analyze the internal and external environment of the organization.

Process :

It includes mainly five steps those are

1. Preparing Vision.

2. Gather and analyze information

3. Formulation of strategy

4. Implementation of strategy.

5. Evaluation and control.

1. Preparation of vision means setting purpose or goal in our organization or hospital related to any new product or equipment.

For example supplying infusion pumps to all wards the patients who needs intravenous fluids and medications administration through infusion pumps, to correct dose of administration than manual.

In these our vision is provide quality of care through proper proper drug administration.

2. Gather and analyze information :

Gather the information from all staff who need IV infusion sets, (mainly cardiac and renal wards) and analyze whether they need how may pumps to that ward and analyze what ever the information is given by them.

3. Formulation of strategy :

Strategy means dividing, here calculate how many infusion pumps are there and categorize each ward needs how many pumps.

Means dIvide the product for each ward strategically.

To reach goals

4. Implementation of strategy :

Here supply the all divided infusion pumps to all wards, to provide quality of care by proper drug administration to reduce over fluid.

5. Evaluation and control :

Finally collect the information from the staff is there any benefit through that infusion pumps, than previous manual administration.

And compare it and analyze the results, and dissemination of results and reporting the process.

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