Community Memorial Medical Center ( Cmmc )

Strategic management is the art and science of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its objectives. It involves the systematic identification of the firm 's objectives, nurturing policies and strategies to achieve these objectives, and acquiring and making available these resources to implement the policies and strategies to achieve the firm 's objectives. Strategic management, therefore, integrates the activities of the various functional sectors of a business, such as marketing, sales and production to achieve organisational goals. It is the highest level of managerial activity, usually

See Chapter 1, Exhibit 01: Strategic management consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages:

"Strategic management is a set of managerial decisions and actions that determine the long-run performance of a corporation" (Wheelen & Hunger, 2006, p.3). The benefits of strategic management helps the firm focus on the objectives and develop the steps involved in obtaining the vision and financial wealth of the organization. An effective strategic management plan should include the following three questions: (1) Where is the organization now? (2) If no changes are

A) California hospital medical center (CHMC) is a member of Dignity health, a California based not-for-profit corporation located in California. Founded in 1986 by the Sisters of Mercy under the name Catholic Healthcare West, Dignity health operates hospitals and ancillary services in seventeen different states and it is the fifth largest health system in the nation. CHMC, is located in the South Park district of downtown Los Angeles. It serves the South Central communities of Los Angeles and other neighboring communities. CHMC a 318-bed not-for-profit hospital is known for its wide range of medical services like obstetrics and gynecology, orthopedics and cardiology, oncology, telemetry, sub-acute, and operates the only Level II trauma center in downtown Los Angeles. The CHMC Emergency Room treats over 70,000 patients each year and a gateway to the many homeless people in the area. CHMC is a teaching hospital to most medical and nursing schools in California. It also offers a family residency program that attract residents from all over the state. Prominent neighboring centers include Staples Center, L.A. Live and the Fashion Institute of Design & Merchandising.

California Hospital Medical Center (CHMC), has seen several changes over the past decades. Upon its creation in 1887 as the very first hospital in Los Angeles (LA), CHMC remains a cornerstone of LA and a recognized leader in excellence, innovation and community service. CHMC is a member of the Dignity Health and is accredited by the Joint Commission. The hospital provides services to patient populations ranging from pediatrics to geriatrics, emergency medicine to gynecology, cardiology to obstetrics, transitional care unit to rehabilitation services, obstetrics to neonatal intensive care units, surgical services and cancer center. CHMC internal strength, lies in the hospital’s reputation as a dynamic and forward thinking organization. The following functional areas will be examine in light with the hospital’s internal strengths: clinical operations, information systems, marketing, clinical support, human resources and financial administration.

Pearce and Robinson describe strategic management as the art of making complex, long-term, future-oriented decisions and taking actions that result in the formulation and implementation of plans designed to achieve a company's objectives. The process focuses on the belief that a firm's mission can be best be achieved through a systematic and comprehensive assessment of both its internal capabilities and its external environment (Pearce & Robinson, 2005). In the article Strategic Management, the strategic management process is described as the implementation of the company's strategy by executive management considering its resources, circumstances, and environment to position the organization to complete is mission in a

Strategic management is the process where leaders establish an organization’s long-term direction, set the specific performance objectives, develop strategies to achieve these objectives in the light of all external and internal changes, and undertake effective strategies to manage these changes and execute action plans.

Strategic management straps up the comprehensive potential of an organisation by integrating operational plans into the strategic process. Strategic management is a task undertaken by the entire organisation all the time. It comprise combining ideas and acting towards the best idea and

To businesses today strategic planning is not just an idea, it defines a way to build a brand, customer loyalty, produce and grow long-term revenues which enables an organization to achieve its objectives. (David, F., 2014) Strategic management is a fundamental part of business which assists in sustainability of the business and helps create value for a business. Without the right mix of strategic planning a business can lose market share to their competitors; hence profits. Since 1994, Amazon has been paving the way for both e-commerce and traditional brick and mortar retail companies.

Strategic management is a level of managerial activity under setting goals and over Tactics. Strategic

Strategic Management is the understanding of the information received collectively of the transition of the company or organization resources, the implementation of the mission, vision and the overall goal of the business. Also, it is the fixed alignment plan that is used to transform the company into a systematic objective to provide strategic performance feedback to the decisions that is incorporated to enable the plan to evolve and mutual above performance measurements. Jurevicious (2013) suggests strategic management is a “continuous process of strategic analysis, strategy creation, implementation and monitoring, used by organizations with the purpose to achieve and maintain a competitive advantage” (Jurevicious, 2013).

Strategic management is the process where leaders establish an organization’s long-term direction, set the specific performance objectives, develop strategies to achieve these objectives in the light of all external and internal changes, and undertake effective strategies to manage these changes and execute action plans.

Strategic Management can therefore be defined as the set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company’s objectives. This process therefore comprises of three critical tasks and they are as follows:

What is strategic management? The set of managerial decisions and actions that determines the long-run performance of an organisation.

A successful strategic management process will be the one which devises a strategy by which an organisation can fulfil its mission by coming up with achievable short term and long term goals incorporating its organisational competency (Pinnington, 2010).