Read the following: The leader of a local health care organization, Ken Janowski, has noticed other health care organizations successfully incorporating strategic management practices. Ken is contemplating the use of strategic management for his health care organization. He has hired you to research what the strategic planning development and implementation process is and to address why it is successful.
Write a 700- to 1,050-word report of your findings in which you answer the following questions:
• What are the major components of strategic management, and why is each component needed for success?
• How are an organization’s mission and values important to strategy formulation?
• What benefits does a strategic management process bring to a health care organization?
• How does strategic management affect organizational decision making and financial performance?
• How does strategic management affect the way an organization responds to its environment?
Cite a minimum of two scholarly references to support your information. Remember that Wikipedia is not an acceptable source for graduate work.
Format your report consistent with APA guidelines.
1.Describe the situation facing Mensa at the time of the case. This should include the major issues facing the company and the decisions that need to be made. You are to spend no time on corporate history. You must consider the past, but your analysis and recommendations should be forward looking.
2.List your specific recommendations for the firm in detail. Explain why each recommendation was made including the information used and the logic (or analysis) applied to reach your conclusion. As you prepare your analysis, remember that no decision is complete until the financial impact of the decisions is determined. Don’t forget to use cash flow analysis and Net Present Value techniques when analyzing the four divisions within Mensa, Inc.
3.If your recommendation(s) need to be taken in a particular sequence, be sure to indicate the proper sequence and the reasons for that sequence.
4.Discuss the events or uncertainties that are most likely to cause trouble in the implementation of your recommendations and how you would react to them if they were to occur.
This case study should be 5-7 pages double-spaced, typed (12 point)
All work needs to be cited
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