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Strategic plans provide a focus for health care operations. There are many critical elements in a strategic plan that nurse leaders must understand to be able to align the budget, operations, and outcomes. The nurse leader plays a pivotal role in operationalizing the organization’s mission/vision and translating the focus to staff.

•    Write a 1,000- to 1,250-word paper and format it according to APA guidelines.

Include the following in your assignment:
•    Explain the purpose of the following strategic plan elements:
•    Mission statement
•    Goals and objectives
•    Strategies
•    Resources needed
•    Key assumptions
•    Evaluate how a budget aligns to an organization’s strategic plan.
•    Analyze the nurse leader’s role in the budgeting process.

Cite at least 3 professional references to support your assignment.

Rubric

Strategic Plan: Mission Statement
10% of total grade
Accomplished
The student fully explained the mission statement’s purpose in a strategic plan.
90 – 100%
Strategic Plan: Goals and Objectives
10% of total grade
Accomplished
The student fully explained the purpose of the goals and objectives in a strategic plan.
90 – 100%
Strategic Plan: Strategies
10% of total grade
Accomplished
The student fully explained the purpose of strategies in a strategic plan.
90 – 100%
Strategic Plan: Resources Needed
10% of total grade
Accomplished
The student fully explained the purpose of the resources needed in a strategic plan.
90 – 100%
Strategic Plan: Key Assumptions
10% of total grade
Accomplished
The student fully explained the purpose of the key assumptions in a strategic plan.
90 – 100%
Budget’s Alignment to an Organization’s Strategic Plan
25% of total grade
Accomplished
The student fully evaluated how a budget aligns to an organization’s strategic plan.
90 – 100%
Nurse Leader’s Role in the Budgeting Process
20% of total grade
Accomplished
The student fully analyzed the nurse leader’s role in the budgeting process.
90 – 100%
APA Formatting
5% of total grade
Accomplished
APA guidelines were fully followed for the selected assignment format.
90 – 100%
Textbook reference
Jones, C., Finkler, S. A., Kovner, C. T., & Mose, J. (2018). Financial Management (5th ed.). Elsevier Health Sciences.

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