Exam (elaborations)
PT Mgmt - Chapter 3 vocab (1).
- Course
- Biochemistry Module 3
- Institution
- Biochemistry Module 3
PT Mgmt - Chapter 3 vocab (1).
[Show more]
Seller
Follow
Content preview
PT Mgmt - Chapter 3 vocabBenchmarking - CORRECT ANSWER-Approach for identifying the outstanding
performers in a field
- For example, learning what your competitors do that makes them outstanding so
you can adapt appropriately
CEO - CORRECT ANSWER-Member of the top level of management of an
organization chosen by the board of directors/trustees
Formulates the strategic direction
Complexity - CORRECT ANSWER-The degree of external environment variation
among customers, services offered, and competitors
External factors/variables - CORRECT ANSWER-Anything outside of a person,
group, or business entity that can positively or negatively impact one's efforts in
fulfilling their goals
Mission statement - CORRECT ANSWER-Written document identifying why an
organization exists
What does the mission statement entail? (three things) - CORRECT ANSWER-1)
What the business does (services/products)
2) Who the customers are
3) Uniqueness/speciality
Outcome measures - CORRECT ANSWER-Means of quantifying outcomes for
managed care plans
What are the basic components of an external environmental scan? - CORRECT
ANSWER-PEST/STEP
Political, Economic, Social, and Technological
Sector environment - CORRECT ANSWER-Variables that affect the success of all
members of a specific industry such as health care
Strategic goals - CORRECT ANSWER-Ultimate quest of organizational efforts; what
the mission/vision hope to address
Strategic management - CORRECT ANSWER-Philosophy based on thinking in
terms of strategy formation
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lydiaomutho. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for CA$11.19. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
74534 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now