Journal of Healthcare Management - July/August 2014 - (Page 266)
J O U R N AL
OF
H EALT HCARE M ANAGE MENT 59:4 J ULY /A UGUST 2014
FIGURE 1
The Three Strategic Imaginations
Descriptive
Imagination
* Environmental
analysis
* Evaluation of
partners and
competitors
Challenge
Imagination
Creative
Imagination
* Confronts dissatis-
faction with
descriptive image and
creative solutions
* Promotes disruptive
innovations
* Problem solving
* Discovering new
value configurations
Source. Roos & Victor (2006).
sustainable ACO network with few
disruptions among providers and
partners is able to engage in long-term
organizational learning, developing new
ways to produce value for internal and
external customers (see Figure 2).
Product Development
If ACOs cannot create or sustain competitive advantage on the basis of
classical market differentiation strategies, such as cost and quality leadership,
they must create and sustain an advantageous position through the discovery of
new value opportunities within the
market. Defined broadly, product
development is the process of
identifying novel or improved products
or services on the basis of the organization's hypotheses about consumer value
configurations, market competition, and
the value added by new products or
services to the organization's business
plan and strategy (Zuckerman, 2005).
When applied in emerging and
highly competitive markets, however,
these hypotheses are vulnerable to the
effects of disruptive innovations, which
rewrite customer expectations and value
configurations. As a result, industries
and markets in which the impact of
disruption is strong, such as software
development and technology start-ups,
have created product development
266
Table of Contents for the Digital Edition of Journal of Healthcare Management - July/August 2014
Journal of Healthcare Management - July/August 2014
Contents
Interview With Charles R. Evans, FACHE, President of the International Health Services Group and Senior Advisor at Jackson Healthcare
The Most Effective Leadership Style for the New Landscape of Healthcare
Exploring Obstacles to Success for Early Careerists in Healthcare Leadership
Decisions Through Data: Analytics in Healthcare
Sustainable Competitive Advantage for Accountable Care Organizations
Hospital Characteristics Associated With Achievement of Meaningful Use
The Effect of Professional Culture on Intrinsic Motivation Among Physicians in an Academic Medical Center
Abstract from the Academy of Management
Journal of Healthcare Management - July/August 2014
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