A strategic plan should create unique value for customers through an innovative approach that leverages the organization's competitive advantage, while also being realistic about what can be achieved. An innovative but realistic plan may develop new ways of engaging customers or leverage existing resources in novel combinations. Strategic plans discussed in scholarly sources emphasize the importance of both pursuing opportunities for innovation while acknowledging practical constraints.

1. Question 1: Discussion Prompt A strategic plan needs to capture an
organization’
Question 1:Discussion PromptA strategic plan needs to capture an organization’s
competitive advantage and turn it into a distinct approach to create unique value for
customers. A good strategic plan, therefore, should be innovative and different but
realistic.“A good strategic plan should be innovative but realistic.”What is your
understanding of this statement? Explain what you think is innovative but realistic. Provide
specific examples.Support your ideas with at least one scholarly source (you may use your
text) and use terminology you learned this week. Cite and reference your sources using APA
Style.Question 2:Select one of the following high-risk areas and discuss the opportunities for
the risk management team to help improve the area.Emergency departmentObstetrics
neonatologySurgery and anesthesiaDiagnostic imagingSupport your ideas with at least one
scholarly source (you may use your text), and use terminology you learned this week. Cite
and reference your sources using APA Style.