a two-day offsite retreat was held for a team of executives of a major hospital including the hospital's ceo, president, and vice-presidents. over the course of the two-days, the executives engaged in brainstorming sessions and worked together to articulate the direction the hospital should take and specific objectives that should be achieved over the next 5 years. the team focused considerable attention to objectives related to the affordable care act and rising numbers of patients eligible for medicare. the executives were engaged in

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KokiCarroll5698 KokiCarroll5698

12-10-2022
Business

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a two-day offsite retreat was held for a team of executives of a major hospital including the hospital's ceo, president, and vice-presidents. over the course of the two-days, the executives engaged in brainstorming sessions and worked together to articulate the direction the hospital should take and specific objectives that should be achieved over the next 5 years. the team focused considerable attention to objectives related to the affordable care act and rising numbers of patients eligible for medicare. the executives were engaged in

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-10-14T18:19:48+02:00

The team focused considerable attention to objectives related to the affordable care act and rising numbers of patients eligible for Medicare. the executives were engaged in Strategic Planning.

Defining an organization's future vision and determining its goals and objectives are both done through the process of strategic planning. In order for the company to achieve its stated vision, the process also include determining the order in which those goals should be accomplished.

Though it can run longer, strategic planning generally entails objectives with a three to five-year life span. This differs from business planning, which usually concentrates on tactical, short-term goals, including how a budget is allocated. A business plan may encompass a period of time that is many months or even several years long.

Strategic planning results in a strategic plan. A strategy paper or other media will frequently reflect it. People with different backgrounds, such as workers, customers, business partners, and investors, may easily communicate, comprehend, and follow these strategies.

Learn more about Strategic planning, here

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