Tools for Transformational Strategic Planning

Jim Austin (), Judith Bentkover () and Laurence Chait ()
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Jim Austin: Brown University
Judith Bentkover: Brown University
Laurence Chait: Brown University

Chapter 4 in Leading Strategic Change in an Era of Healthcare Transformation, 2016, pp 47-70 from Springer

Abstract: Abstract How should healthcare leaders begin a strategic planning effort given future uncertainties? This chapter provides a summary of key strategic planning tools from SWOT (strengths, weaknesses, opportunities, and threats) to scenario planning. While the aim of strategy—sustainable competitive impact—is the same no matter which tools are utilized, this chapter argues that more dynamic tools, such as Hambrick’s Strategy Diamond and scenario planning, are best suited for healthcare’s increasingly uncertain future. Robust strategy efforts should yield a portfolio of strategic initiatives—short, medium, and longer-term—that can “bend” with future uncertainties while lowering the risk of being truly unable to respond as the future unfolds.

Keywords: Gross Domestic Product; Strategic Planning; Gross National Product; Scenario Planning; Accountable Care Organization (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-30776-3_4

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DOI: 10.1007/978-3-319-30776-3_4

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