ACCURATE ANSWERS
How does the process for the annual update compare to the initial strategic
planning process? correct answer The annual update process is less extensive
than the initial planning process.
How many major initiatives should be identified for the organization to pursue?
correct answer 10-20 major initiatives.
How much attention does organizational direction require during the annual
update? correct answer It requires the least attention, with components largely
remaining intact.
How often do most healthcare organizations prepare a comprehensive strategic
plan? correct answer Every 3-5 years.
How often should the strategic plan be updated? correct answer No less than
annually.
How should goals be stated when identified? correct answer In measurable forms,
when possible, and as future targets.
What are critical issues in strategic planning? correct answer Central issues that
are essential for achieving the vision, cannot be easily resolved, and relate to
concerns outside daily operations.
, What are objectives in the context of strategic planning? correct answer Short-
term targets that are components of each goal.
What are the 7 deadly sins of effective strategy implementation according to
Corboy and O'Corribui? correct answer 1. Lack of rigor, insight, vision, ambition,
or practicality. 2. Uncertainty about how to implement the strategy. 3.
Communication on a need-to-know basis. 4. Lack of a specific person in charge. 5.
Mixed signals from strategic leaders. 6. Unforeseen obstacles without
preparedness. 7. Loss of focus on day-to-day operations.
What are the five recommended steps in the board review and approval process?
correct answer 1. Prepare the draft strategic plan and presentation material. 2.
Obtain a resolution from the strategic plan committee. 3. Provide an opportunity
for medical staff review. 4. Hold work sessions with the board to discuss the plan.
5. Board votes to adopt the strategic plan.
What are the four steps for senior management to create an implementation
plan? correct answer 1. Appoint executive champions for each goal. 2. Review
draft goal information for understanding. 3. Identify proposed projects and tactics
for Year 1. 4. Review all draft plans for alignment, prioritization, and resource
allocation.
What are the key factors to consider during a preliminary assessment for the
annual review? correct answer Progress towards strategic goals, major internal or
external developments, relevance of current goals and metrics, and effectiveness
of initiatives.
What are the key steps in transitioning from planning to implementation? correct
answer 1. Assign implementation responsibilities. 2. Communicate and roll out