A company will have no direction if it does not have a strategic management process and Bradley supported this when she stated that strategic management drives the company’s growth using effective management techniques.

Reply to the following using at least 175 words per reply. Be professional and constructive in your reply. Be sure to use FULL APA references and in-text citations.

1. A company will have no direction if it does not have a strategic management process and Bradley supported this when she stated that strategic management drives the company’s growth using effective management techniques.

What is the rationale for health care organizations adoption of strategic management?

Reference

Bradley, J. (n.d). Why is strategic management needed? Retrieved from http://smallbusiness.chron.com/strategic-management-needed-61313.html

2. Two types of planning that are important to businesses are strategic planning and financial planning (Thibodeaux, n.d). Even though these two types of planning are distinct and focus on different things, they are linked together and can affect how managers approach the planning process (Thibodeaux, n.d).

What is financial planning and how does it relate to the strategic plan?

Reference

Thibodeaux, W. (n.d). The relationship between strategic and financial planning. https://smallbusiness.chron.com/relationship-between-strategic-financial-planning-21063.html

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