Question

How do the 5 elements of strategy(position, power, pace, potential, and performance) relate to healthcare organizations?

Answer 1

Answer: The five elements of strategy relates to the healthcare organizations are:

• Position: The position of the healthcare organizations plays major role. The rank of the healthcare organizations and the method that could be implemented to improve the healthcare organizations reputation in the market.
• Power: The power can be related to the healthcare organizations in the terms of the ability, the resources as well as the facilities present in the healthcare organizations for treating patients.
• Pace: It includes the steps taken to improve the functioning of the healthcare organizations. It can be explained by an example such as improving the function by implementation of the EHR. The healthcare organizations should use updated technology.
• Potential: The healthcare organization's potential to provide better care, to facilitate the healthcare, preventing the diseases as well as infection.
• Performance: It may includes the number of positive results and better outcomes in the terms of healthcare.