Great Deal! Get Instant $10 FREE in Account on First Order + 10% Cashback on Every Order Order Now

Business Plan Part 5: Revision and Final Business Plan The purpose of this assignment is to build a comprehensive business plan for a strategic initiative. Throughout Topics 4-7 various components of...

1 answer below »

Business Plan Part 5: Revision and Final Business Plan

The purpose of this assignment is to build a comprehensive business plan for a strategic initiative.

Throughout Topics 4-7 various components of the business plan for your strategic initiative were created. Review the feedback you received from your instructor on the Business Plan Parts 1-4 assignments. Make necessary revisions to each part of the business plan and put each revised part of the plan together to create the final business plan for the proposed strategic initiative. Evidence of revision based upon instructor feedback will be assessed. Additionally, you will add a new section to the plan regarding strategic evaluation.

In a 1,500-2,000 word business plan that is clear and concise and utilizes business language and style, address the following using bullet points, narratives, and relevant visuals.

The final plan should include the following components:

  1. SWOT Analysis
  2. Financial Analysis and Budget
  3. Strategy
  4. Implementation Schedule
  5. Strategic Evaluation:Discuss specific tools to be used to monitor the implementation success of the initiative and explain why ongoing strategic evaluation and the willingness and ability to adjust strategy is necessary for successful implementation of the initiative.
Answered Same Day Oct 23, 2021

Solution

Vidya answered on Oct 24 2021
149 Votes
FINAL BUSINESS PLAN
STRATEGIC PLANNING :
Strategic planning helps you to assess your establishment by recording its mission, vision as well as its values to build up your long-term goals and use appropriate action plans in order to achieve them. A strategic plan which is well written plays a pivotal role in the growth and success of the business as it gives a clear view on how to respond to various opportunities and challenges faced by the employees as well as the employer. It gives an idea regarding the accomplishments to be achieved along with the paths to be followed by focusing on the goals and objectives. By analysing the strategic plan, one can know about the excels as well as the areas that is yet to be improved. For preparing this plan, the clear mention of their mission, vision and the values are very much important. The starting point is given by the mission whereas the destination is given by the vision. The mission and vision are the bookends of all strategic and operational plans, without which the plans stays aimless.
Mission And Vision Of Northwell Health Mission :
Northwell Health Mission aims to improve the health and quality of life for the people and communities they serve by providing world-class service and patient-centred care.
Their vision is centred to be recognised as a world class leader in delivery of the highest quality compassionate and innovative medical care.
The values concentrate on patient experience, integrity, teamwork, innovation, caring and excellence. It includes giving the first priority to their patients; being professional, honest and also protect their privacy; work together and effectively communicate to execute their teamwork; focus on innovation by initiating change and promoting creativity; giving utmost care to the patients by being respectful, supportive and compassionate; to achieve the excellence by pursuing greatness with passion and quality promotion.
Values Of Northwell Health Mission :
The Northwell Health Mission gives values to patient experience, integrity, teamwork, innovation, caring and excellence. It works by giving the first priority to their patients; being professional, honest and also protect their privacy; work together and effectively communicate to execute their teamwork; focus on innovation by initiating change and promoting creativity; giving utmost care to the patients by being respectful, supportive and compassionate; to achieve the excellence by pursuing greatness with passion and quality promotion.
These values purely aligns to the key tenets of the Christian worldview perspective. The worldview is the framework which visualises reality and also gives sense of the world and life. It also helps in understanding God in an overarching approach and also gives the relation of man to God and the environment. A the Northwell Health Mission focuses on improving the patient care service, it is definitely a service to God and the world.
If these values are strongly adhered to, then, the mission and the vision of the organisation can be achieved, hence it directly accounts to the strategic planning and initiatives. Their priority is given to the patient’s experience in the organisation which can be done well through proper teamwork and care. The chances of innovation should be considered each time and the creative ideas to promote these changes should be welcomed. In this way, a proper and better patient- centred service can be assured.
PROPOSED STRATEGIC PLAN :
The strategic initiative for Northwell Health will be to open their healthcare facility in San Francisco, California. This will help in expansion of the hospital's business in Western USA. Northwell Health already has their facility established in New York with more than 74000 employees in 2020. In New York there are around 23 hospitals registered under...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here