U.C.L.A Medical Center Essay by The Research Group

U.C.L.A Medical Center
Examines strategic planning concepts and applications. Discusses environmental, social, economic, organizational and institutional factors.
# 22258 | 1,575 words | 13 sources | 1995 | US
Published on Mar 06, 2003 in Business (Management) , Medical and Health (General)

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Formal strategic planning (FSP) is defined as "the process of determining the mission, major objectives, strategies, and policies that govern the acquisition and allocation of resources to achieve organizational aims" (Pearce, Freeman, & Robinson, 1987, p. 658). Strategic planning is a process that generates specific actions which are required to carry out a particular strategy.

By definition, thus, the strategic planning process begins subsequent to the adoption of a strategy. The entire strategic process within an organization, however, is a set of highly interrelated components that function within a dynamic environment. Thus, in the so-called real world, strategic planning ..."

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