Chapter 19: Strategic Management

New policies, programs, projects, and services are developed to meet the needs of patients. Which statements are a description of when nurses take steps to use these items (select all that apply)?

- Strategic management is the processing of an organization's vision or mission. - Strategic management is nurses making decisions about the delivery of care.

Tactics:

Operational choices for action that are made to implement strategy.

A business approach that ensures a competitive advantage over similar enterprises involves conducting an environmental scan, knowing the competition, establishing goals, setting targets, developing an action plan, implementing the plan, and evaluating success. Which of the following statements is correct?

Strategic management involves strategic planning and implementation.

What is the administrative, systematic, environment-related, future-oriented, and sensitive to the correct positioning of the organization known as?

Strategic management.

Similarities between the nursing process and the strategic planning process allow nurses to shortcut the learning curve and begin to move forward with the implementation phase. Strategic management involves:

developing a strategic mission or vision, setting objectives, developing strategies to achieve the objectives, implementing the strategies, and evaluating the results.

Implementation of a strategic plan can be accomplished when a priority order for achieving the strategic objectives or outcomes exists, responsibility for achieving these objectives has been determined, and some available financial support is provided within an expected timetable. The role of nurses would include:

integrating the strategy into daily activities and keeping the strategy a major agenda item for their nursing department or service.

Strategy:

is a competitive move or business approach designed to produce a successful outcome

Operational effectiveness:

is performing similar activities better than rivals.