Describe strategic management in the health care industry.

Describe the major activities of strategic management

Why is managing strategic momentum important?

Explain the role of leadership in strategy development.

List the components of an effective situation analysis.

What is an unrealized strategy?

Why is strategic management important to an organization?

What are some of the important economic changes facing health care managers?

Why is it important that everyone on an organization think strategically?

What do we really mean by strategic momentum?

What are some of the practical limitations of external analysis?

Provide at least two examples of changes in the general environment affecting multiple

industry environments (sectors of the economy).

Identify and provide an example of the five segments of the health care system.

Discuss the process of assessing external change.

Outline the process for external analysis.

If we are interested in health care strategy, why is it important to understand the general

environment?

What are some of the important segments of individuals and organizations that influence

health care organizations?

Why is sensemaking ability so important to strategic thinkers in health care?

Why has scenario writing and future studies been so popular among strategic planners?

What are some practical lessons for health care strategic thinkers from an understanding

of external analysis?

What is the strategic significance of service area competitor analysis?

Describe the steps in a rational process for service area competitor analysis.

What was the rationale for Porter suggesting that the level of competitive intensity within

an industry is a critical factor in an organization's environment?

Why is service area competitor analysis an important aspect of external analysis?

What do you think the most important factor is among Porter's five forces in terms of

defining the attractiveness of a particular market?

Why is it important to carefully identify a few critical success factors in a health care

market?

Why is it important for strategists to understand what competitors constitute strategic

groups?

What is strategic response?

Why is it important to validate strategic assumptions?

List five important obstacles to effective service area competitor analysis.

How does an organization achieve a competitive advantage?

How many organizations develop sustainable competitive advantages by being

extraordinarily competent at converting ordinary resources and skills into genuine

strategic assets?

Explain the value of stretch to an organization.

Under what circumstances are organizational weaknesses competitively relevant?

How can a health care organization effectively leverage its resources?

Of all the questions for determining competitive relevance which is the most important?

Why do we refer to some capabilities as disruptive?

What is the threshold condition relative to competition?

What is an example of an intangible resource?

What is the resource-based theory of competitive advantage?

Why are mission, vision, values, and strategic goals termed "directional strategies"?

What are the differences between a mission statement and a vision statement?

Why are values important to an organization?

How do strategic goals relate to critical success factors?

Why is it important for an organization to develop a list of its critical success factors?

What is meant by the liability of newness?

What are some of the important factors that influence the formulation of an effective

vision statement?

Why are values sometimes referred to as guiding principles?

How are strategic goals related to mission, vision, and values?

What are the four modes of governance as applied to boards of directors?