HCA 610 role of the board in establishing organizational priorities

HCA 610 Module 4 DQ 2

The resources needed to support operations and implement strategic initiatives can far surpass those available. What is the role of the board in establishing organizational priorities? How do you know which winning ideas are worth pursuing now? How can an organization tackle ambitious plans while ensuring that operations stay on track?

Answer:

The board plays an extremely important role in establishing organizational priorities. It’s the board’s job to ensure that the organization is doing everything necessary to support operations and implement strategic initiatives, and they often have a lot of information that might not be available to lower-level management.

It’s important to note that the resources needed to support operations and implement strategic initiatives can far surpass those available. This means that boards need to prioritize which ideas are worth pursuing now, so they can stay on track while also tackling ambitious plans. They can do this by first establishing what the organization wants out of each project, then determining how much time and money will be required for each project. Boards should also consider whether or not there are any risks associated with a particular project, as well as how much risk can be tolerated within each area of focus.

In order for an organization to tackle ambitious plans while ensuring that operations stay on track, it needs a clear vision for where it wants to go and what needs to happen in order for them get there—and this needs to come from its senior leadership team (SLT) or executive committee members who have been granted authority over specific areas of responsibility (AORs).

Question:

HCA 610 Module 4 DQ 2

HCA 610 role of the board in establishing organizational priorities