Admin - Unit 5 (Strategic Planning Principles)

How should data be gathered and from who for a SWOT analysis?

Interviews, focus groups, and surveys to obtain information from all interested parties, such as consumers, employees, and managers

Time duration for SWOT analysis?

Plan may be for 3, 5, or 10 years

Without ____, the organization has no goals or direction to work towards.

Strategic planning

Describe the two phases of strategic planning?

*The development of the strategic plan:* -Development process for a finite time SWOT (Strengths, Weaknesses, Opportunities, & Threats) Analysis *Execution of the Strategic Plan:* -Critical to manage organization's strategic intentions

Local workforces, consumers and payers, new and developing technology, the regulatory environment, and competition are examples ____ that are assessed for potential opportunities and threats

Market forces

____ is the statement of purpose

Mission

____, in a SWOT analysis, includes closure of a major competitor

Opportunities

____, in a SWOT analysis, includes increased access due to local improvements in roadways

Opportunities

____, in a SWOT analysis, includes local population growth,

Opportunities

There must also be periodic reassessment of the plans appropriateness and modifications made in the strategic plan is indicated. Minor modification may be made at a local level, with more major modifications requiring a higher level of approval, and possibly ____.

Possibly a whole new SWAT analysis

The purpose of the strategic planning process is what?

Process of identifying a desired future status for an organization and a means to achieve it *Must identify how they can potentially benefit from market forces

With a SWOT (Strengths, Weaknesses, Opportunities, & Threats) Analysis, which involve organization's internal factors that affect interaction with market? Which identifies market characteristics that influence ability to succeed in the market?

S & W: Describes organization's internal factors that affect interaction with market. O & T: Identifies market characteristics that influence ability to succeed in the market.

____, in a SWOT analysis, may include a comprehensive safety program

Strengths

____, in a SWOT analysis, may include experienced and knowledgeable staff

Strengths

____, in a SWOT analysis, may include longevity of administrative team

Strengths

What does SWOT stand for?

Strengths, Weaknesses, Opportunities, & Threats

____, in a SWOT analysis, includes decreased healthcare reimbursement

Threats

____, in a SWOT analysis, includes increased competition in the market,

Threats

____, in a SWOT analysis, includes limited supply of qualified professionals in local geographic area

Threats

T/F: The SWOT analysis should include, not only current conditions, but also projected changes in the market.

True

_____ defines organization's culture

Values

____ is the desired future state

Vision

____, in a SWOT analysis, includes not meeting productivity standards

Weaknesses

____, in a SWOT analysis, includes obsolete equipment

Weaknesses

____, in a SWOT analysis, includes physical plant limited space

Weaknesses

When assessing the organization with a SWAT analysis, should quantitative and qualitative factors be analyzed

both quantitative and qualitative

For the strategic plan to succeed, there must be adequate ____ and ____ to keep the organization focused on it's goals and strategies.

oversight and leadership

Barriers to the successful execution of the strategic plan may involve what?

• Organization culture • Lack of focus/too many strategies • Leadership issues • Limited resources • Poor outcome monitoring/assessment