Term
Corporate Governing Board |
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Definition
- governing boards that are more invloved in strategic planning as well as policy making
- smaller and composed of individuals who possess expertise that will aid the organization in accomplishing its strategic goals
- membership diversity is important but not as much as experience of members |
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Term
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Definition
- those things that organizations must accomplish it it is to achieve high performance
- similar for all members of a service group
- factors: ability to serve entire market, strong information systems, lowest cost structure, ability to replicate services in other geographical markets, ability to accept near-term risks |
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Term
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Definition
- entering a new market first
- pioneering
- greater uncertianty because the demand for services has not been proven
- patient and client needs may change especially with large technological investments (may be left with big investment and little demand)
- visionary demand balanced with realistic knowledge of the market, consumer and other factors
- rewards often go to the first mover but risks are great |
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Term
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Definition
- visionary change when directed toward early entry into markets
- disadvantage of liability of newness
- often experience pioneering costs
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Term
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Definition
- attempts to capture the organizations distinctive purpose or reason for being
- general but more concrete than vision
broadly defined and enduring statement of purpose that distinguishes a health care organization from other organizations of its type and identifies the scope of its operations in product, service and market terms - solely for public relations |
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Term
Philantrhropic Governing Boards |
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Definition
- service oriented and concerned primarily with fundraising
- larger and more diverse to obtain as much community represenatation as possible
- inclusion of different types of stakeholders: busiiness leaders, physicians, local polititions, consumers |
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Term
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Definition
- seek frist-mover advantage
- more easily established with few or no competitors
- sometimes expensive to change service providers for the clients both financially and emotionally when trust has been developed elsewhere
- make mistakes and learn from them |
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Term
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Definition
- overarching end results that the organization pursues to accomplish its mission and achieve its vision
- well written mission statements are the beginning point for strategic goal setting
- should relate to critical sucess factor activities, provide specific direction to accomplish mission and vision, broad enough to allow considerable discretion for manages to formulate their objectives for individual units
- relate specifically to activities that are critical to accomplish the mission
- focus on activities that are mission critical have the potential to divert leadership attention and employee energy
- link between critical sucess factors and strategic momentum
- few in number focusing on the "critical few" and not "trivial many"
- formulated by leaders but written to be understood by all |
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Term
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Definition
- principles that are held dear by members of the organization
- guiding principles the managers and employees will not compromise while they are in the process of achieving the mission and pursuing the vision and strategic goals |
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Term
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Definition
- creates a mental image of what leaders want the organization to achieve when it is accomplishing its purpose and mission
- hope for the future
- compelling images of the future and produces a map of what could be and what the leaders want to be
- idealism, uniqueness, future orientation and imagery
- about ideals, standards, desitred future status
- dynamic and collaborative
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Term
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Definition
- hopes for higher levels of performance that are inspiritng although cannot yet be achieved
- management should clarify goals and priorities and ensure that they are understood and accepted by employees |
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Term
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Definition
- mission, vision, values and strategic goals
- guide strategists when they make key organizational decisions |
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