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