Strategic Management in Health Care

Final Examination

Answer all three of the questions that appear below. Your total submission should not exceed three (3) pages. Set your margins at one inch on all sides, one and a half spaces between lines, and twelve-point font.

1. Explain what resources, competencies andcapabilities are, and how they can be used to create value,competitive advantage and why the culture of the organization is a crucial.

2. Compare and contrast Strategic Planning, Strategic Thinking and how they impact and shape Strategy and Operational Effectiveness. Limit your sources to the text book and the relevant articles by Porter and Mintzberg(Strategic Management of Health Care Organizations, 6th or 7th Ed, Swayne, Duncan, Ginter (Jossey Bass)

3. What is Strategy?" by Michael Porter (Porter 1)

4. Define Value Based Competition using the articles by Porter and the text book. Given the impact of the Affordable Care Act, does Value Based Competition have a chance to improve the overall care that is delivered by health care organizations? Explain this response.

Make sure that you have clear topics sentences for each paragraph and that your support sentences explain the "what," "why," and "how," these sentences explain/support the topic sentences.