Illustrate the possible benefits of strategic management. What types of health care institutions may benefit most from strategic management?
Strategic management is the process of developing and implementing a plan that will help an organization achieve its goals. It involves setting objectives, identifying resources, and developing strategies to achieve those objectives.
There are many benefits to strategic management, including:
- Improved performance:Â Strategic management can help organizations improve their performance by setting clear goals and objectives, identifying the resources they need to achieve those goals, and developing strategies to allocate those resources effectively.
- Increased efficiency:Â Strategic management can help organizations become more efficient by identifying and eliminating waste, streamlining processes, and improving decision-making.
- Enhanced decision-making:Â Strategic management can help organizations make better decisions by providing a framework for analyzing information and considering all the relevant factors.
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