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Without a strategy the organization is like a ship without a rudder, going around in Quote circles.
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What is Strategy?
Strategy consists of a set of moves and approaches that management employs to run the organization
Attract and please customers Stake out a distinctive position Conduct operations Compete successfully Achieve organizational objectives
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Environmental Analysis: External & Internal Developing a Mission and Vision Setting Primary Strategic Directions & Goals Crafting Strategy and Action Plans for Each Goal Implementing and Executing the Strategy Evaluating Performance Initiating Corrective Adjustments
Markets to be pursued Future focus Kind of organization that we are trying to create
Setting Objectives
Converts strategic vision and mission into specific performance targets Creates yardsticks to track performance Pushes hospital to be inventive and focused on results Helps prevent complacency
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Crafting a Strategy
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