Key tangible and intangible resources and core competencies

Sample Solution

   

Tangible Resources

• State-of-the-art medical equipment
• Experienced and skilled staff
• Large patient population
• Strong financial position
• Excellent reputation

Intangible Resources

• Strong brand name
• Positive patient experience

Full Answer Section

     

• Innovative culture
• Collaborative relationships with other healthcare organizations
• Commitment to quality and patient safety

Core Competencies

• Ability to provide high-quality, patient-centered care
• Ability to recruit and retain top talent
• Ability to innovate and adapt to change
• Ability to build and maintain strong relationships with patients, families, and the community

Plan to Integrate and Leverage Resources and Core Competencies The following plan outlines how Oakridge Healthcare System can integrate and leverage its resources and core competencies to create a competitive advantage:

• Invest in new technology and equipment. Oakridge Healthcare System can invest in new technology and equipment to improve the quality of care it provides. This includes investing in new diagnostic equipment, surgical equipment, and information technology systems.
• Attract and retain top talent. Oakridge Healthcare System can attract and retain top talent by offering competitive salaries and benefits, as well as opportunities for professional development. Oakridge Healthcare System can also create a positive work environment that is conducive to employee satisfaction and productivity.
• Innovate and adapt to change. Oakridge Healthcare System can stay ahead of the competition by innovating and adapting to change. This includes developing new treatment protocols, implementing new technologies, and responding to changes in the healthcare landscape.
• Build and maintain strong relationships with patients, families, and the community. Oakridge Healthcare System can build and maintain strong relationships with patients, families, and the community by providing excellent customer service, being responsive to their needs, and giving back to the community.
• Commit to quality and patient safety. Oakridge Healthcare System can commit to quality and patient safety by implementing a comprehensive quality improvement program and creating a culture of safety. This includes providing ongoing training for staff, conducting regular safety audits, and responding promptly to any safety concerns.

By integrating and leveraging its resources and core competencies, Oakridge Healthcare System can create a competitive advantage and position itself as a leader in the healthcare industry. Additional Considerations In addition to the tangible and intangible resources and core competencies listed above, Oakridge Healthcare System should also consider the following factors when developing its plan to create a competitive advantage:

• The healthcare landscape is constantly changing, so Oakridge Healthcare System needs to be agile and adaptable in order to stay ahead of the competition.
• The healthcare industry is highly regulated, so Oakridge Healthcare System needs to comply with all applicable regulations.
• The healthcare industry is facing a number of challenges, such as rising costs and an aging population. Oakridge Healthcare System needs to develop strategies to address these challenges.

By carefully considering all of these factors, Oakridge Healthcare System can develop a plan to create a competitive advantage and position itself for success in the years to come.