The business plan of a healthcare organization describes the purpose of the healthcare organization and the structure to its organizational goals. The strategic plan is used as a road map on how the organization will accomplish its purpose and put ideas into action. The strategic plan also prioritizes the organization’s resources as a way to fulfill the business plan. One could summarize the business plan as the “what,” and the strategic plan as the “how.”
In a minimum of 300 words, post your responses to the following to the Discussion Area:
- List the similarities and differences between a healthcare organization’s business plan and a strategic plan? Be sure to include the purpose (the basis of the plan) of each plan and how they relate to one another.
- Discuss why is it important for a healthcare organization to develop a strategic plan?
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