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8/25/2016Association of Otolaryngology Administrators September 8, 2016, Chicago, IllinoisStrategic Planning Including Keys to a Successful Private Practice Model Presented by: Michael McCaslin, CPA
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Strategic planning is the process of defining an organization's direction and making decisions on allocating resources to pursue this strategy. Key elements include setting objectives, analyzing the competitive environment, assessing internal capabilities, and ensuring stakeholder engagement.
Typically, organizations such as corporations, non-profits, and government entities that are required to develop a strategic plan to ensure alignment with their goals and objectives are mandated to file strategic planning including keys. Specific regulations may vary based on industry and jurisdiction.
Filling out strategic planning involves conducting a SWOT analysis, defining goals and objectives, identifying required resources, outlining action plans, and establishing key performance indicators (KPIs). Documentation should be clear, concise, and include stakeholder input.
The purpose of strategic planning is to provide a clear direction for the organization's future, align resources with strategic goals, improve decision-making, enhance organizational performance, and ensure accountability among stakeholders.
Information that must be reported includes the organization's mission and vision, strategic goals and objectives, action plans, resource allocation, risk assessments, performance metrics, and processes for monitoring and evaluation.
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