Discuss the purpose of strategic planning in a health care environment. Explain what factors affect future planning in an organization and what tools can be used for future planning

Strategic planning in health care organization is the outlining of steps to to to reach a specific goal within the health sector, it could be a challenge that needs to be solved or an improvement on already existing plans to make them better

Explanation:

Strategic planning in health care organization is the outlining of steps to to to reach a specific goal within the health sector, it could be a challenge that needs to be solved or an improvement on already existing plans to make them better

Factors that affect future planning in organization;

Poor planning; not having a proper plan can lead to failure most times. Sometimes, it's not just about planning but it's more importantly about having aims and objectives that would solve a problem, if it is not solving a problem then there would be failure.

Poor execution; this problem is most times caused by team members who have not grasped the full idea of what the plan is about, don't know how to go about it or are not enthusiastic about the plan.

Tools for planning;

SWOT Analysis

Porter's Five Forces

PESTLE Analysis

Visioning

VRIO Framework

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you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%