Medical Management
Medical Management
Medical Management: Running Head: MEDICAL MANAGEMENT
ACADIA HEALTHCARE 2
Report on the strategic plan of your company. Reflect on how the strategic plan relates to the organizational structure, leadership, mission, vision and core values of the company. Discuss how strategic planning could benefit you as you engage your own personal economic life .
Strategic planning allows and assists an organization in identifying strategies that could be defined in each time frame within the organizational capacity for the execution. Acadia Healthcare has aimed at setting better standards for excellence in the treatment of addiction concerns and mental health (George, Walker & Monster, 2019). This assists the organization in making an exceptional commitment to different stakeholders such as communities, professional workers, staff, and others. Through my research I have understood that strategic planning of Acadia Healthcare enables the organization to execute better and effective stragies that are helpful in attaining the vision of the organization and stay compatible with the business environment. Strategic planning also impacts the leadership of Acadia healthcare and accordingly aligns the priorities of the organization accordingly.
Therefore, I have also understood that strategic planning would assist and allow Acadia Healthcare to be more proactive by setting up a better sense of direction. I have also understood that it increases the operational efficiency and this would assist Acadia Healthcare in increasing its market share and profitability in the long run (Ahmad & Ahmad, 2019). This would also help me in engage in more financial stability as well as identifying the purpose, exercising or implementing intention in achieving the required or set plan in order to accomplish the goals that I have set myself to achieve.
References
Ahmad, I., & Ahmad, S. B. (2019). The mediation effect of strategic planning on the relationship between business skills and firm’s performance: Evidence from medium enterprises in Punjab, Pakistan. Opción: Revista de Ciencias Humanas y Sociales, (24), 746-778.
George, B., Walker, R. M., & Monster, J. (2019). Does strategic planning improve organizational performance? A meta‐analysis. Public Administration Review, 79(6), 810-819.
Feedback from Professor:
Strategic plans may be operationalized like improving or being proactive but the bottom line is they want to make a profit. We can improve efficiency and cut over head. We can expand and get new customers or sell more to existing customers. Go to their goals and objectives in their annual plans and tell us what their plan is.
A strategic plan is often conveyed to stockholders in their annual reports. That’s the goals and objectives that are set out. It may be a technology change to reduce overhead. Maybe sales goals? Integrity is one of those things that’s a necessity when your an insurance company. It’s not a strategic plan element. Think in terms of improving the bottom line. Only three choices, reduce overhead, aquire new customers or sell more products to existing customers. Maybe the bank is doing all of them.
