What are the major components of strategic management

The leader of a local health care organization, Kendra Klein, has noticed other health care organizations successfully incorporating strategic management practices. Kendra is considering using strategic management for her health care organization. She has hired you to research what the strategic planning development and implementation process is and to address why it helps organizations be successful.

Write a 700- to 1,050-word report that answers the following questions:

What are the major components of strategic management, and why is each component needed for success? Why are an organization’s mission and values important to strategy formulation? What benefits does a strategic management process bring to a health care organization? How does strategic management affect organizational decision making and financial performance? How does strategic management affect the way an organization responds to its environment? Cite a minimum of 2 peer-reviewed, scholarly, or similar resources to support your information.

Format your report according to APA guidelines.

Grading Criteria for Strategic Planning Report

Additional Comments:

The report includes the answers to the following:

What are the major components of strategic management, and why is each component needed for success? Why are an organization’s mission and values important to strategy formulation? What benefits does a strategic management process bring to a health care organization? How does strategic management affect organizational decision making and financial performance? How does strategic management affect the way an organization responds to its environment?

Additional Comments:

The report is 750 to 1,050 words long. The introduction provides sufficient background on the topic and previews major points. The conclusion is logical, flows, and reviews the major points. Cite 2 peer-reviewed, scholarly, or similar resources.

Additional Comments:

The paper, including tables and graphs, headings, title page, and reference page, is formatted according to APA guidelines and meets requirements. Intellectual property is recognized with in-text citations and a reference page. The paper effectively uses headings, font styles, and white space. Rules of grammar, usage, and punctuation are followed;