#1
Which of the following is NOT a characteristic of a successful healthcare strategic plan?
Relying solely on traditional methods
ExplanationInflexibility and resistance to innovation hinder success.
#2
What does SWOT analysis stand for in strategic management?
Strengths, Weaknesses, Opportunities, Threats
ExplanationIt evaluates internal strengths and weaknesses, along with external opportunities and threats.
#3
What is the purpose of a 'SWOT' analysis in healthcare strategic management?
To identify internal and external factors influencing the organization
ExplanationIt provides insights into organizational strengths and weaknesses, along with external opportunities and threats.
#4
Which of the following is NOT a potential opportunity in the healthcare industry?
Increasing healthcare regulations
ExplanationIncreasing regulations often lead to opportunities for compliance-related services and technologies.
#5
In the context of healthcare, what does the term 'cost leadership' refer to?
Providing high-quality services at a low cost
ExplanationEfficiency in delivering quality care at lower costs enhances competitiveness.
#6
What is the purpose of a 'balanced scorecard' in strategic healthcare management?
To measure performance across multiple dimensions
ExplanationIt provides a comprehensive view by measuring financial, customer, internal process, and learning and growth perspectives.
#7
What does the acronym PESTLE stand for in strategic analysis?
Political, Economic, Social, Technological, Legal, Environmental
ExplanationIt examines factors external to the organization, influencing strategic decisions.
#8
Which of the following is NOT a component of Porter's Five Forces model?
Government regulations
ExplanationGovernment regulations often play a significant role in industry dynamics.
#9
What is the primary focus of value-based healthcare?
Improving patient outcomes
ExplanationIt shifts focus towards patient wellness and outcomes, aligning incentives with quality care.
#10
What is the purpose of a 'Gap Analysis' in strategic management?
To identify areas where the organization is falling short of its goals
ExplanationIt helps pinpoint performance gaps between current and desired states, guiding strategic initiatives.
#11
Which of the following is NOT a potential threat in the healthcare industry?
Increasing patient satisfaction
ExplanationHigher patient satisfaction typically benefits healthcare organizations.
#12
Which of the following is a key element of effective strategic leadership in healthcare?
Encouraging innovation and creativity
ExplanationInnovation fosters adaptability and competitiveness in evolving healthcare landscapes.
#13
What role does benchmarking play in healthcare strategic management?
Comparing performance against industry standards
ExplanationBenchmarking identifies performance gaps and areas for improvement by comparing against industry best practices.
#14
What is the primary objective of strategic management in healthcare?
To optimize patient care delivery
ExplanationEfficient and effective patient care delivery lies at the core of strategic healthcare management.
#15
What role does strategic vision play in healthcare organizations?
It provides a clear direction for the organization's future
ExplanationA compelling strategic vision guides decision-making and inspires alignment towards organizational objectives.
#16
Which of the following is NOT a component of the BCG Matrix in strategic management?
Cats
ExplanationCats are a classification in the BCG Matrix, representing low-growth, low-market-share products.