Summarize Strategic Management in a Healthcare Organization Research Paper

Summarize Strategic Management in a Healthcare Organization - Research Paper Example Additionally, Strategic management has a combination of elements that are correlated and are crucial to achieving the predetermined objectives. Strategic management is important in healthcare organizations because it plays a fundamental role in correctly predicting the future and establishing mechanisms for dealing with emerging issues (Hunger & Wheelen 2010). Ideally, strategic management assist healthcare organizations in identifying potential opportunities as well as challenges and establishes mechanisms for dealing with the inherent situations (Hunger & Wheelen 2010). Strategic management is essential for healthcare organizations because it aids in planning for various activities and operations effectively discarding frustrations. Healthcare organizations are constantly faced with external threats, and strategic management provides a solution to this challenging event. Ideally, strategic management aid in determining external pressure by coming up with effective solutions to deal with the issues (Hunger & Wheelen 2010). Strategic management is important in a healthcare organization because it is growth oriented. Essentially, the role of strategic management is to constantly seek for opportunities that are effective for success (Hill et al., 2012). Healthcare organizations require strategic management plans as a consequence of remaining relevant in a dynamic environment. The tool can aid healthcare organizations in planning, monitoring development programs and the implementation of processes. Consequently, healthcare organizations are capable of predicting the future and responding to the inherent challenges and