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Homework answers / question archive / A major activity of the strategic financial planning process is an assessment of the organization's external and internal environments

A major activity of the strategic financial planning process is an assessment of the organization's external and internal environments

Computer Science

A major activity of the strategic financial planning process is an assessment of the organization's external and internal environments. The external environment of most healthcare organizations is quite complex, and an environmental analysis must include surveying the international, national, regional, and local environments for changes that may occur in a variety of areas including the economy, regulation, technology, and health status of populations. Failing to thoroughly and correctly assess even one of these domains could lead to major problems for the organization.

To prepare for this Discussion:

Identify one example of an event that has changed the operations of your organization or an organization with which you are familiar. If you are not currently working in a healthcare organization (HCO), you may choose a case study from a reliable source from which to work.

Review this week’s Reading and Learning Resources.

Post  a cohesive response to the following:

Assess the current role of the strategic financial planning and analysis (SFP&A) as a key function is to provide accurate, timely financial analysis and advice to the leaders of the organization. What are the Value-Added Contributions that can be obtained from aligning the organization overall strategy to financial planning? 

 

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