figure 8.2 illustrates the entire strategizing process and each of its component

Question

figure 8.2 illustrates the entire strategizing process and each of its components activities. briefly describe the components of the strategizing process

376 Managing Health Services Organizations and Systems External Environmental Analysis Strategic Implementation Strategy Strategic Situational Analysis Formulation Environmental Figure 8.2. The strategizing process. as well as stane In essence, situational analysis is an ongoing review of strategic position as we alternatives. The senior-level managers are responsible for the assessment and for prsc results to the GB for consideration adiustment and Gn GB for consideration adiustment and

Explanation / Answer

Ans- Strategizing process is a continious process, it means defining the organization's/ company strategy, it appraise the business in which organization is involved appraises it’s competitors; and fixes goals to meet all the present and future competitor’s and then reassesses each strategy.

Internal Environment Analysis & External Environment Analysis -   Organizations should observe the internal organizational environment. This includes employee interaction with other employees, employee interaction with management, manager interaction with other managers, and management interaction with shareholders, access to natural resources, brand awareness, organizational structure, main staff, operational potential, etc. Also, discussions, interviews, and surveys can be used to assess the internal environment. Analysis of internal environment helps in identifying strengths and weaknesses of an organization. As business becomes more competitive, and there are rapid changes in the external environment, information from external environment adds crucial elements to the effectiveness of long-term plans. As environment is dynamic, it becomes essential to identify competitors’ moves and actions. Organizations have also to update the core competencies and internal environment as per external environment. Environmental factors are infinite, hence, organization should be agile and vigile to accept and adjust to the environmental changes. For instance - Monitoring might indicate that an original forecast of the prices of the raw materials that are involved in the product are no more credible, which could imply the requirement for more focused scanning, forecasting and analysis to create a more trustworthy prediction about the input costs. In a similar manner, there can be changes in factors such as competitor’s activities, technology, market tastes and preferences.

Strategic formulation- Strategy formulation is the process of deciding best course of action for accomplishing organizational objectives and hence achieving organizational purpose. After conducting environment scanning, managers formulate corporate, business and functional strategies.

Strategic Implementation- Strategy implementation implies making the strategy work as intended or putting the organization’s chosen strategy into action. Strategy implementation includes designing the organization’s structure, distributing resources, developing decision making process, and managing human resources.

Strategic Control-  Strategy control is the final step of strategy process. Strategy control activities are: appraising internal and external factors that are the root of present strategies, measuring performance, and taking remedial / corrective actions. Evaluation makes sure that the organizational strategy as well as it’s implementation meets the organizational objectives.

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