Most recently it is a fact that because of the current trends and practices implemented in the business practice, the application of these well tested management techniques has likewise been adopted in many health care institutes to sustain their own future in the healthcare industry.
Strategic management according to Shortell and Kaluzny (2000) involves both internal and external functions of management where it oversees the formulation, implementation, and monitoring of strategy (p. 398). Furthermore, 10 schools of thought have been conceptualized by Mintzberg (1990) that advances the theory of strategic management, of which only three most relevant ones shall be mentioned in congruence with the central them to be discussed. The first would be prescriptive schools that involve design, planning, and positioning. The second descriptive school of thought entails entrepreneurial, cognitive, learning, political, cultural, environmental, and configurational. It is noteworthy that each set of schools has a different process. ...Show more