critically compare the four major benefits of strategic planning: product/market improvement, financial improvement, operational improvement, and community improvement

HCA7022-8 > Strategic Planning as an Ongoing Process > Week 6 Strategic Management Five critical elements of the planning process should be assessed in strategic planning: facilitation, teamwork, planning retreats, research approaches, and key stakeholder involvement. We will critically compare the four major benefits of strategic planning: product/market improvement, financial improvement, operational improvement, and community improvement. We will also examine management strategy and the balanced scorecard – a management tool that can be used by healthcare organizations to meet the strategic challenges of the 21st century. Lastly, we discuss transitioning the strategic planning process to strategic management – an important transition to our final coursework section. Review the resources listed in the area below (see attachments) to prepare for this week’s assignment(s). Week 6 Assignment: Transition from Implementation to Management From a strategic management perspective, explain four advantages that the application of the balanced scorecard could result in for a health care organization. In your paper, be certain to include one of the most important benefits – how it can be a means of focusing attention on strategy implementation. Support your paper with a minimum of five (5) scholarly resources. In addition to these specified resources, other appropriate scholarly resources, including older articles, may be included. Length: 5-7 pages not including title and reference pages

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