Directions
Create a strategic business plan report as a Word document that outlines your plan for addressing your identified area of opportunity within your organization.
Chosen area of improvement: A number of issues have occurred after patient information wasn’t effectively shared during a hand-off. In the last month, four patients have received either the wrong medication or the wrong amount of their medication. Two additional patients who needed to be checked on at least every two hours went over six hours within being seen. A review of current hand-off processes identified the processes as insufficient and inconsistent.
Specifically, you must address the following:
1. Executive Summary: Summarize your strategic business plan in a concise, organized manner that provides a high-level overview of each of the main areas of your plan.
2. Project Proposal: Identify the area of opportunity for your organization that you will address in your strategic business plan, providing appropriate context for why you chose this area of opportunity (for example, alignment with the organizational mission, vision, goals, etc.).
3. Needs Analyses: Analyze your findings from your completed SWOT analysis and your market analysis, explaining how your strategic business plan will enhance areas of strengths and opportunities and improve areas of weakness and threats.
a. Laws, Regulations, and Standards: Analyze the impact of laws, regulations, and standards on your completed needs analyses, explaining the importance of complying with these laws, regulations, and standards.
b. Financial Laws, Regulations, and Standards: Analyze the impact of financial management and fiduciary considerations laws, regulations, and standards on your needs analyses, explaining the importance of complying with these laws, regulations, and standards.
c. Needs Analysis Plan: Establish a plan for developing and evaluating needs analyses throughout your organization, and explain why you believe your plan will be effective for future needs analyses.
4. Strategic Management Analysis: Analyze your strategic business plan for your organization, justifying how your plan will either enhance or improve the organization’s approach to strategic management.
5. Data-Informed Nonfinancial Decision Making: Justify the nonfinancial components of your strategic business plan using internal and external data, trends, benchmarks, and indicators to support your claims.
6. Data-Informed Financial Decision Making: Justify the financial components of your strategic business plan using internal and external data, trends, benchmarks, and indicators to support your claims.
a. Budget Variances Evaluation: Evaluate the capital budget, staffing budget, and operating budget for your strategic business plan, including an explanation for how you intend to remedy any variances in these budgets.
b. Budget and Financial Management Models: Distinguish the budget and financial management model(s) you intend to adopt to support both your plan goals and the organization’s goals, providing a rationale for why your chosen model(s) best supports your plan and the organization.
7. Appendix: Estimated Budgets and SWOT Analysis: Provide your estimated operating budget, estimated capital budget, estimated staffing budget, and your completed SWOT analysis from Module Two for your strategic business plan, using the budgets you completed in previous modules.
Note that your strategic business plan should be evidence-based. Your citations should be from your independent search for evidence of credible sources and be current within the last five years. You are required to cite a minimum of five sources overall.
