NURS FPX 8010 Strategic Plan Development Nursing Assignment Example

NURS FPX 8010 Strategic Plan Development Nursing Assignment Example

NURS FPX 8010 Assessment 3 Strategic Plan Development

NURS FPX 8010 Strategic Plan Development Nursing Assignment Brief

Course: NURS FPX 8010 Executive Leadership in Contemporary Nursing

Assignment Title: Assessment 3 Strategic Plan Development – Strategic Plan Development for Adelante Healthcare’s Nursing Department

Assignment Overview:

In this assignment, you will undertake the task of developing a strategic plan for a specific department or division within a healthcare organization, employing a balanced scorecard approach. The objective is to equip nursing students with the knowledge and skills essential for effective strategic planning in the evolving landscape of healthcare.

Understanding Assignment Objectives:

The assignment focuses on the application of analytical tools, specifically the balanced scorecard and SWOT analysis, to construct a robust and defensible strategic plan. Drawing inspiration from the Institute of Medicine’s insights (2011) on the future of nursing and healthcare redesign, the task is to leverage political power and data in crafting a strategic plan aligned with organizational priorities.

The Student’s Role:

As a nursing student undertaking this assignment, your role is to step into the shoes of a nurse leader contributing to the strategic vision of a healthcare organization. Using your chosen healthcare setting from a previous assessment, you will develop a strategic plan for a particular department or division. The strategic plan should be grounded in a balanced scorecard approach, encompassing financial, customer, internal processes, and learning and growth domains.

You Can Also Check Other Related Assessments for the NURS-FPX 8010 Executive Leadership in Contemporary Nursing Course:

NURS FPX 8010 Assessment 1 Political Landscape Analysis Example

NURS FPX 8010 Assessment 2 Strategic Plan Appraisal Example

NURS FPX 8010 Assessment 4 Quality Improvement Proposal Example

NURS FPX 8010 Strategic Plan Development Nursing Assignment Example

Introduction:

Adelante Healthcare’s nursing department is a recent addition to meet the growing demand for nursing services. Recognizing this need, the department is preparing for expansion and operational restructuring. To ensure the delivery of high-quality and cost-effective care, a tailored strategic plan and balanced scorecard have been developed (see Figure A1). As highlighted by Lal (2020), a robust nursing strategic plan serves as a roadmap, guiding future actions and rejuvenating the organization. Adelante’s strategic plan encompasses four key domains: finance, wellness, people, and patients.

Departmental Strategic Priorities:

Finance Domain: Increasing Revenue

In line with the organization’s goal to boost revenue, the nursing department’s strategic priority within the finance domain focuses on creating and implementing programs, like the transition of care, to support indirect revenue generation. This aligns with Dilrajh’s (2020) perspective on the advantages of implementing the Balanced Scorecard (BSC), ensuring a financial focus that contributes to the overall success of the organization.

Wellness Domain: Optimizing Evidence-Based Practices

Adelante emphasizes wellness outcomes and quality metrics. The nursing department prioritizes optimizing evidence-based practices to positively impact patient throughput across the care delivery model. This prioritization aligns with Miller’s (2020) guidance on successful strategy implementation, emphasizing the importance of evidence-based practices in achieving strategic goals.

Patient Domain: Enhancing Patient-Centric Care

Patient satisfaction is a crucial Key Performance Indicator (KPI) within the patient domain. The nursing department aims to enhance nursing practices, emphasizing patient-centric models of care delivery and staff engagement. This approach aligns with Taylor’s (2019) insights on generating buy-in for strategic plans by focusing on improving patient experiences and engaging staff effectively.

People Domain: Employee Retention

Employee retention is pivotal for Adelante. The nursing department strategically aligns with this by prioritizing structural empowerment and fostering nursing professional practice through professional governance and shared leadership. This aligns with Stefanovska and Soklevsk’s (2014) perspective on achieving organizational growth through effective leadership and professional development. Additional details on KPIs for the nursing department’s strategic plan are provided in Figure A2.

These priorities are significant as they span all domains, impacting various areas within the organization. The focus on professional practice enhancement and evidence-based care elevates standards across the organization. Prioritizing patient-centric care delivery promotes collaboration between departments and involves patients in enhancing their experiences. The development of indirect revenue-generating programs has implications beyond finance, influencing patient safety, quality, satisfaction, staff engagement, and empowerment, contributing to a strong organizational reputation within communities.

Feasibility and Challenges

However, achieving these priorities in the next six months faces obstacles. Pending budget approval may limit staffing and require creative solutions within the approved budget. Gaining support from stakeholders across Adelante’s nine locations is another challenge, but seeking endorsement from executive sponsors and regional medical directors could facilitate a smoother implementation.

Effects of Organizational Policies

The balanced scorecard acts as a common language and framework, making sure that everyone’s goals align and pointing out chances for collaboration between different departments (Wanga, 2022). It’s important to regularly review and update policies to make sure that strategic plans and balanced scorecards are in line with organizational policies. In the case of Adelante, recent policy reviews show no current challenges based on policies. However, being a newer department, there might be some growing pains, so it’s crucial to keep reviewing and adjusting policies to address unforeseen challenges and ensure alignment with organizational goals.

Conclusion

Strategic planning and using balanced scorecards are essential tools for making sure that the big plans of the organization match up with what each department is doing. Adelante Healthcare’s nursing department has come up with a specific strategic plan and balanced scorecard that matches up with the organization’s bigger plan. Even though they expect to achieve their outlined goals in the next six months, they understand there might be some challenges along the way. It’s recommended to regularly review policies to make sure everything stays aligned and to deal with any unexpected issues. The goal is for the nursing department’s plan and balanced scorecard to help balance things out across different areas and boost Adelante’s overall growth (Stefanovska & Soklevsk, 2014).

References

Dilrajh, A. (2020, May 22). A few advantages of implementing the BSC in your organisation. Vision Activ. Retrieved October 12, 2022, from https://www.visionactiv.com/post/a-fewadvantages-of-implementing-the-bsc-in-your-organisation

Lal, M. Maureen DNP, MSN, RN. (2020). Why You Need a Nursing Strategic Plan. JONA: The Journal of Nursing Administration, 50(4), 183-184. doi: 10.1097/NNA.0000000000000863

Miller, K. (2020, February 25). A manager’s guide to successful strategy implementation: HBS online. Business Insights Blog. Retrieved October 12, 2022, from https://online.hbs.edu/blog/post/strategy-implementation-for-managers

Stefanovska, L., & Soklevsk, T. (2014). Horizon Research Publishing | Home. Retrieved October 12, 2022, from https://www.hrpub.org/

Taylor, A. (2019, July 23). How to generate buy-In for your strategic plan. Strategic Planning Consultant. Retrieved October 11, 2022, from https://www.smestrategy.net/blog/5-stepsto-increase-buy-in-with-your-strategic-plan

Wanga, E. O. (2022, September 12). The Balanced Scorecard in healthcare: Everything you need to know. Experience Care: Long-Term Care EHR & Financial Software Solutions. Retrieved October 11, 2022, from https://experience.care/blog/the-balanced-scorecard-inhealthcare/

Appendices: Graphical Representations


Figure A1: Balanced Scorecard for Adelante Healthcare’s Nursing Department


Figure A2: Key Performance Indicators (KPIs) for Adelante Healthcare’s Nursing Department

Detailed Assessment Instructions for the NURS FPX 8010 Strategic Plan Development Nursing Assignment Example

Develop a strategic plan for a department or division within a health care organization, taking a balanced scorecard approach.

Introduction

Nurse leaders will be increasingly called upon to collaborate in strategic planning as they partner in the redesign of health care in the United States (Institute of Medicine, 2011). To be an integral partner in health care redesign, nurse leaders must be able to leverage political power and data in strategic planning. Analytical tools, such as the balanced scorecard and SWOT analysis, are used to construct a solid, defensible strategic plan.

This assessment provides an opportunity for you to develop both the knowledge and skills required for strategic planning, using a balanced scorecard approach. With insight into the importance of an organization’s political landscape and a comprehensive understanding of the priorities of the organization you are studying, you are well-prepared to develop a strategic plan for a department or division within that organization.

Reference

Institute of Medicine, Committee on the Robert Wood Johnson Foundation Initiative on the Future of Nursing. (2011).  The future of nursing: Leading change, advancing health. National Academies Press.

Preparation

For this assessment, remember to use the same health care setting you chose in the previous assessment.

Note: The assessments in this course must be completed in the order presented; subsequent assessments should be built on both your earlier work and your instructor’s feedback on earlier assessments. If you choose to submit assessments prematurely, without considering and integrating your instructor’s feedback, your assessment may be returned ungraded, resulting in your loss of an assessment attempt.

Departmental strategic priorities must align with organizational priorities. To prepare for this assessment, consider how you might best represent these alignments graphically in an attractive, professional manner. For example, you might choose a crosswalk table, Venn diagram, or other format that clearly illustrates these alignments. Be creative in your approach. Use the organization’s colors or design your own color scheme. Keep in mind that these conceptual representations are intended for executive leaders and other stakeholders in the organization and community.

Instructions

Develop a strategic plan that establishes top priorities for a department or division, aligned with the organization’s strategic plan, which you appraised in Assessment 2. Include the following elements in your plan:

• A balanced scorecard for the department or division. The following interactive media may help you in constructing your balanced scorecard:

. A Balanced Scorecard for Change .

• A minimum of four departmental strategic priorities, one from each balanced scorecard domain (financial, customer, internal processes, learning and growth).
• Graphical representations showing alignments between the departmental strategic priorities and the organization’s strategic plan.

Strategic Plan Format and Length

Format your document using APA style.

• Use the APA Style Paper Tutorial [DOCX] to help you in writing and formatting your strategic plan. Be sure to include:

. A title page and references page.

. An abstract and running head are not required.

. Appropriate section headings.

• Your appraisal should be 3–5 pages in length, excluding the title page and references page.
• Use the following section headings to ensure thorough content coverage and flow.

. Departmental Strategic Priorities.

. Effects of Organizational Policies.

• Add your balanced scorecard and graphical representations of priority alignments as appendices.

Evaluation

The following tasks correspond to the grading criteria in the assessment scoring guide, so be sure to address each point. Read the performance-level descriptions for each criterion to see how your work will be assessed.

• Determine departmental strategic priorities.

. Include at least one strategic priority for each balanced scorecard domain (financial, customer, internal processes, learning and growth).

. Why are these priorities important?

. Are these priorities feasible?

. For example, do they reflect departmental objectives, available resources, and a specific time frame?

. Explain.

• Evaluate the effects of organizational policies on departmental strategic priorities.

. How do existing policies hinder or facilitate what you hope to accomplish?

• Align departmental strategic priorities with elements of an organization’s strategic plan.

. Represent the alignments graphically in a crosswalk table, Venn diagram, or any other format that clearly illustrates the alignments.

• Create a balanced scorecard for a department or division.

. Each scorecard domain must include an objective, performance metric, benchmark target, and prospective initiative.

. Submit your balanced scorecard as an appendix in your assessment.

• Communicate clearly and concisely in a form and style appropriate for the audience and for the substance, purpose, and context of the message being conveyed.

. Consider the needs of your audience.

. Be succinct and mindful of communication best practices.

. Carefully review your materials to avoid errors that could distract the audience and make it more difficult for them to focus on the substance of your strategic plan.

Competencies Measured

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and scoring guide criteria:

• Competency 3: Propose a strategic plan that integrates feedback from other disciplines and aligns with organizational priorities.

. Determine departmental strategic priorities.

. Align departmental strategic priorities with elements of an organization’s strategic plan.

. Create a balanced scorecard for a department or division.

• Competency 4: Recommend policy changes that support a strategic plan.

. Evaluate the effects of organizational policies on departmental strategic priorities.

• Competency 5: Address assessment purpose in effective written or multimedia presentations, incorporating appropriate evidence and communicating in a form and style consistent with applicable professional and academic standards.

. Communicate clearly and concisely in a form and style appropriate for the audience and for the substance, purpose, and context of the message being conveyed.

RUBICES

1, Determine departmental strategic priorities: Identifies clear, concisely stated, and fully justified departmental strategic priorities.

2, Evaluate the effects of organizational policies on departmental strategic priorities: Evaluates the effects of organizational policies on departmental strategic priorities. Clearly articulates the logical implications and consequences of specific policies.

3, Align departmental strategic priorities with elements of an organization’s strategic plan: Aligns departmental strategic priorities with elements of an organization’s strategic plan. Graphical representations of the alignments are explicit, easily understood, and appropriate for the intended audience

4, Create a balanced scorecard for a department or division: Creates a balanced scorecard for a department or division. Provides concise, useful objectives and measures that reflect a clear strategic target and insight into cause and effect relationships.

5, Communicate clearly and concisely in a form and style appropriate for the audience and for the substance, purpose, and context of the message being conveyed: Communicates clearly and concisely in a form and style appropriate for the audience and for the substance, purpose, and context of the message being conveyed. Content, form, and style are congruous, engaging, and facilitate audience comprehension. Adheres to all applicable professional, disciplinary, and scholarly communication and design standards.

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