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