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Exam Solution Manual for Strategic Planning- Questions and Answers Solved Correctly Latest Update 2025

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Exam Solution Manual for Strategic Planning- Questions and Answers Solved Correctly Latest Update 2025 Strategic Planning - Answers —It is the *formal consideration of an organization's future course* (Planned change: 3 to 5 yrs) —*Deals with at least one of three key questions*: 1. "What do we do?" 2.. "For whom do we do it?" 3. "How do we excel?" Characteristic of Strategic Planning - Answers 1. *Guides members* of the organization 2. *Develops procedures* and *operations to optimize future outcomes* 3. *Decreases costs and expands resources* to serve community needs & interests Characteristic of Strategic Planning - Answers 4. *Adds efficient* and effective *programs* 5. *Establishes fruitful relationships* (employees, pt, stake holders involvement) Nurses need basic understanding of the following - Answers 1. How organizations are *structured* 2. How organizational *systems work* 3. *How to engage in strategic planning* process (*committees & town hall meetings*) *Critical competency for nurses* in current health care organizations - Answers Planning for continuous *improvement of quality, service*, and *cost-effectiveness* Basic Performance Pyramid - Answers 1. Mission (What are we in business for) 2. Vision (*Where are we going*) 3. Goals/Objective (What we want to achieve) 4. Strategies (*How will you achieve your goals/objective*) 5. *Success Drivers* (*What you need to do well*) 6. Performance Measure (How will you measure performance) Vision statement - Answers —How the people of the organization **plan to actualize the mission** —*Usually 3 to 5 years out* (helps determine strategic planning) Mission statement - Answers —*Reflects purpose or reason for existence* of organization (Where you wanna be as an organization) —Provides *description of organization's values* and *what behavior and actions can be expected* (**PRIMARY force driving** the organizational structure) Philosophy - Answers —*Value statement of principles and beliefs* that direct organization's behavior (research, education...). Reflects culture of the organization. —*Typically embedded in mission statement* (can change depended on the unit, however, tend to match the vision & mission statement) Mission Statement Example - Answers "Our mission is to improve the *health of the people and communities we serve*" Baylor Scott & White Health exists to serve all people by providing personalized health and wellness through exemplary care, education and research as a Christian ministry of healing. Mission statement - Answers "To provide a responsive healing *environment for patients and their families*, and to improve the quality of life for *all members of our community*" is an example of a: Statement of Philosophy - Answers "*We believe that health care is a human right*, and that patients have the right and are encouraged to participate in their own care, whether the goal is quality of life or dignity of death" is an example of a: Vision statement - Answers "*To set the standard in the new century for health*, healing and comfort" is an example of a: Strategic Planning - Answers *Processes by which organization engages in environmental analysis, goal formulation, and strategy development* for purpose of organizational growth and development (on going) Strategic Planning: Purpose is twofold - Answers —*Everyone needs to have same vision* for the organization —*Planning helps ensure resource availability* to carry out the strategic initiatives Environmental assessment - Answers —*External Environment*: (tends, laws, education, compatition...) 1. Broad based 2. *Identifies trends* and *future issues* 3. Assesses the impact of *opportunities* & *threats within the environment* —*Internal Environment*: 1. Reviews *effectiveness of an organization* 2. *Assessment of assets* and *liabilities* Steps in the Strategic Planning Process - Answers 1. Perform environmental assessment (*SWOT analysis*) 2. *Conduct stakeholder analysis* 3. *Review literature* for evidence based best practices 4. Determine *congruence with organizational mission* 5. *Identify planning goals* and objectives Steps of the Strategic Planning Process - Answers 6. *Estimate resources* required for the plan 7. *Prioritize according to available resources* (SMART) 8. Identify *timelines and responsibilities* 9. Develop *marketing plan* 10. *Write* and communicate *business plan/strategic plan* 11. Evaluation Environmental assessment - Answers —What is your opinion about the economic situation in the city in which you live? —What are the demographics of the area? —What are the *educational resources?* —What are the *healthcare resources?* SWOT analysis - Answers —Strengths, Weaknesses, Opportunities, & Threats

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Exam Solution Manual for Strategic Planning- Questions and Answers Solved Correctly Latest Update
2025

Strategic Planning - Answers —It is the *formal consideration of an organization's future course*
(Planned change: 3 to 5 yrs)

—*Deals with at least one of three key questions*:

1. "What do we do?"

2.. "For whom do we do it?"

3. "How do we excel?"

Characteristic of
Strategic Planning - Answers 1. *Guides members* of the organization

2. *Develops procedures* and *operations to optimize future outcomes*

3. *Decreases costs and expands resources* to serve community needs & interests

Characteristic of
Strategic Planning - Answers 4. *Adds efficient* and effective *programs*

5. *Establishes fruitful relationships* (employees, pt, stake holders involvement)

Nurses need basic understanding of the following - Answers 1. How organizations are *structured*

2. How organizational *systems work*

3. *How to engage in strategic planning* process (*committees & town hall meetings*)

*Critical competency for nurses* in current health care organizations - Answers Planning for continuous
*improvement of quality, service*, and *cost-effectiveness*

Basic Performance Pyramid - Answers 1. Mission (What are we in business for)

2. Vision (*Where are we going*)

3. Goals/Objective (What we want to achieve)

4. Strategies (*How will you achieve your goals/objective*)

5. *Success Drivers* (*What you need to do well*)

6. Performance Measure (How will you measure performance)

Vision statement - Answers —How the people of the organization **plan to actualize the mission**

, —*Usually 3 to 5 years out*

(helps determine strategic planning)

Mission statement - Answers —*Reflects purpose or reason for existence* of organization (Where you
wanna be as an organization)

—Provides *description of organization's values* and *what behavior and actions can be expected*

(**PRIMARY force driving** the organizational structure)

Philosophy - Answers —*Value statement of principles and beliefs* that direct organization's behavior
(research, education...). Reflects culture of the organization.

—*Typically embedded in mission statement*

(can change depended on the unit, however, tend to match the vision & mission statement)

Mission Statement Example - Answers "Our mission is to improve the *health of the people and
communities we serve*"



Baylor Scott & White Health exists to serve all people by providing personalized health and wellness
through exemplary care, education and research as a Christian ministry of healing.

Mission statement - Answers "To provide a responsive healing *environment for patients and their
families*, and to improve the quality of life for *all members of our community*" is an example of a:

Statement of Philosophy - Answers "*We believe that health care is a human right*, and that patients
have the right and are encouraged to participate in their own care, whether the goal is quality of life or
dignity of death" is an example of a:

Vision statement - Answers "*To set the standard in the new century for health*, healing and comfort"
is an example of a:

Strategic Planning - Answers *Processes by which organization engages in environmental analysis, goal
formulation, and strategy development* for purpose of organizational growth and development (on
going)

Strategic Planning:

Purpose is twofold - Answers —*Everyone needs to have same vision* for the organization

—*Planning helps ensure resource availability* to carry out the strategic initiatives

Environmental assessment - Answers —*External Environment*: (tends, laws, education, compatition...)

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