AH543 W8finalassignment.docx
The 5 ‘P’s’ of
Strategy
Grantham University (HCAD)
Healthcare Strategic Management
AHA543
One of the most important tasks in managing an organization is the actual act of
management. Task management is the process by which the manager follows the process through
its entirety, from planning to execution to completion. The manager must prioritize and keep the
team on track to complete to process. There are eight managerial tasks, that each organization
can utilize to enhance its operation. The first is building and retaining a strong management
team. Oftentimes new organizations have a hard time retaining talent. Often star employees are
taken by larger organizations that can pay them more money. I have learned over the years that
money is nice but not necessarily the most important. The second task would be to secure
financial security to ensure the organization can at least maintain until profits are obtained.
Third, creating policies and procedures that are easily executed. There are times organizations
spend time and energy on policies that ultimately will fail. This is because they are written
without thinking of contingency plans, policies should be written in a way the end-user can
critical think through the issue at hand. As a manager, it can be difficult to see the big picture
