Strategic framework in a hospital settings

Abstract

This chapter illustrates the key components of a strategic framework that can assist physicians and administrators in defining the right objectives, plan of action and allocation of the proper resources towards the achievement of these objectives. It starts with external environment analysis that covers the competitive forces of the market, opportunities, threats and key success factors, followed by internal environment analysis that focuses on the level of offering of the hospital vis-à-vis the healthcare key success factors, summary of the competitive dynamics and selection of the right strategic variables that help the strategist reach the desired goals and objectives.