Unit VI PowerPoint Presentation
Instructions
Healthcare Strategy
Introduction: The process for healthcare strategy development follows a logical sequence of steps. Decisions made at each step will have implications and consequences at successive steps in the process, so forward thinking is very important.
You are the vice-president in charge of your hospital’s strategic planning process this year. You are addressing your key stakeholders and planning participants at the first strategic planning meeting.
Your assignment is to create a minimum 10-slide PowerPoint presentation describing and explaining the six-step process for strategy development in your hospital’s healthcare strategic management action plan. Additionally, explain strategic alternatives available to healthcare organizations today.
Your presentation should adhere to the following format:
- Slide 1: Create title slide that includes your name, the course number and date
- Slide 2: Write a brief introduction (no more than 2 paragraphs)
- Slide 3: Review broader strategic directions
- Slide 4: Set strategic planning objectives
- Slides 5 and 6: Identify actions for strategic planning objectives
- Slide 7: Set timelines
- Slide 8: Assign responsibilities
- Slide 9: Determine resources needed
- Slide 10: Determine how results will be measured
- Slide 11: List references: Ensure you list all supporting sources for your content, which must follow correct APA style for citations and references.
As part of the presentation, you are required to use the notes section for each content slide to reinforce your presentation. You should use at least three reliable academic sources to support your presentation. One should be from the CSU Online Library, and you can use your textbook as well on your reference slide (your reference slide does not count toward the minimum slide requirement). Images and graphics, along with supporting references and in-text citations, must follow APA formatting guidelines. All sources used must be referenced; paraphrased and quoted material must have accompanying citations.
Expert Solution Preview
Introduction:
Healthcare strategy development is a critical process that involves a sequence of well-thought-out steps. As the Vice President in charge of my hospital’s strategic planning process, I understand the importance of forward-thinking and stakeholder involvement in the decision-making process. In this assignment, I am providing a 10-slide PowerPoint presentation that describes and explains the six-step process for strategy development in healthcare strategic management action plan, as well as strategic alternatives available to healthcare organizations today.
Answer:
The six-step process for healthcare strategy development involves:
1. Review broader strategic directions: Before developing a healthcare strategy, it is important to have a clear understanding of the broader strategic directions of the hospital. This involves looking at the current strategic plan and analyzing the internal and external environment for potential opportunities and threats.
2. Set strategic planning objectives: Once the broader strategic directions have been reviewed, the next step is to set specific objectives that align with the broader strategic directions.
3. Identify actions for strategic planning objectives: Based on the strategic planning objectives, specific actions need to be identified that will help achieve the objectives. This step involves brainstorming potential solutions and prioritizing the most effective ones.
4. Set timelines: Once the actions have been identified, timelines need to be set to ensure that the actions are completed within the required timeframe.
5. Assign responsibilities: Each action identified should be assigned to a specific person or team with clear responsibilities and accountability.
6. Determine resources needed: Finally, resources needed to implement the healthcare strategy should be determined. This includes financial resources as well as human resources.
In addition, healthcare organizations today have various strategic alternatives available to them. These include mergers and acquisitions, partnerships and collaborations, diversification, and vertical integration. The choice of a strategic alternative will depend on the organization’s goals, strengths, weaknesses, and external environment.
Overall, the six-step process for healthcare strategy development and strategic alternatives available to healthcare organizations today are critical in ensuring the success and sustainability of an organization in the long term.