Strategic plan

 

 

 

 

 

Scenario

You are the CEO of St. Thomas Regional Healthcare Center. Over the past five years, you lead significant quality improvement initiatives resulting in national recognition and Magnet status. You are invited to speak at a national quality improvement conference for other hospital leaders.

 

Instructions
Complete a strategic plan and write a white paper, which reflect your process of developing and implementing quality improvement initiatives.

Your strategic plan should include:

Summary of changes in healthcare quality improvement initiatives over the past 10 years and how they are influencing healthcare practices.
An analysis of state and national health care quality measures and the quality improvement principles used in developing your initiatives.
Discuss the Magnet model components and quality improvement initiatives developed to address patient safety outcomes.
Explain the quality improvement model used and strategies developed to address patient safety challenges healthcare.
Identify two quality improvement initiatives and strategies that include engaging healthcare staff as part of the initiative.
Summary of common threats to quality improvement in healthcare and apply a quality improvement model and strategies neutralizing the threats.

 

 

 

 

Strategic Plan

 

 

 

Analyze the competitors’ relative strengths in the marketplace. Use Power BI to create charts on the growth rates.
What is the growth rate of each competitor?
How much of the market does each competitor now own? Do you see a trend of gaining or losing market share?
Determine each competitor’s market strength by looking at the financials for each competitor.
Explain how your company’s market share compares to your competitors’. Use Power BI to create charts on your and your competitors’ market share.
Is your company gaining or losing market share?
What is your company’s growth potential in the industry?
How do your company’s financials look compared to your competitors’?
Identify future potential total available market (TAM) and growth for chosen product/service and technology.
What is the TAM for cars and light trucks?
What is the TAM for IoT-connected cars and light trucks?
What is the projected compound annual growth rate (CAGR) for cars and light trucks?
What is the CAGR for IoT-connected cars and light trucks?
Identify ways to adjust if business conditions change.
What can you do if your customers are slow to respond (buy) the innovation?
What can you do if one competitor is overtaking all the others, including you?
Describe the steps your company needs to take from concept outline to launch.
What is the size of development that will be required?
Will you require additional capital and personnel?
How would you approach determining the timeline from the beginning of development until initial product launch?

 

 

Strategic Plan

 

Create a 5-year strategic plan focused on addressing the needs of the community from law enforcement. This needs to be written as a report, not an essay.

In 1,500-2,000 words, include the following in your plan:

State the goal and vision.
List and describe three specific objectives (e.g., working with groups within the community or how specific crimes will be reduced).
Obtainable timetable showing how objectives will be accomplished within 5 years, with 6-month checkpoints, showing how each will progress.
All stakeholders’ roles should be defined with a specific set of tasks so that everyone knows their role in accomplishing the goals.
Create a budget for the 5-year plan, and identify what resources will be necessary to accomplish the plan, and where the resources will come from.