Competitive advantage is an important concept of strategic planning and healthcare leadership today for stakeholder analysis. In this unit’s assignment, you will consider and discuss a specific theory of competitive advantage held by some of America’s leading health systems.
For this assignment, address the following questions.
What is the resource-based theory of competitive advantage for stakeholder analysis?
What are the competitive strengths and weaknesses?
As chief executive officer (CEO) of a health system, how could you put this theory to work for you and use the strengths and weaknesses for developing a strategic plan and gaining competitive advantage in your own healthcare market organization?
Your assignment should be a minimum of two pages in length and should include a title page and reference page (title and reference pages do not count toward the minimum page requirement). To supplement your discussion, you should include at least two sources, and one should be your textbook. References and citations must be provided using APA style. All sources used must be referenced; paraphrased and quoted material must have accompanying citations.
Stakeholder support is necessary for a successful change proposal project implementation. Consider your internal stakeholders, such as the facility, unit or health care setting where the change process is situated, and your external stakeholders, like an individual or group outside the health care setting. Why is their support necessary to the success of your project, and how you will go about securing that support?