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Strategic Management in a Health Care Environment

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Explain and identify the role and importance of strategic management in a health care environment.

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Strategic management plays an important role in a health care environment, particularly as hospital, physician group practices, and managed care organizations strive to run efficient business operations. It is important that organizations understand their strengths, weaknesses, opportunities and threats in order to maximize their success. In addition, organizations must clearly outline their mission and objectives in order to ensure that they have a plan, and that this plan is well communicated to their stakeholders. The "development of an ...

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This solution explains and identifies the importance of strategic management in a health care environment.APA formatted reference is included.