Abstract
Any organization or any organizational unit needs a purpose. That purpose should be readily obvious to all who need to interact with that unit. Over time, as organizations take on more responsibilities or offer more services or products, they become less focused. By establishing a mission and objectives, an organization can recenter its priorities and concentrate on developing its core business.
Chapter 4.5 is an introduction to the terms that businesspeople use all the time. As a clinician, you may find that some of the terms are well-defined and others are more, well, diaphanous. As you can imagine, these airy topics do not make for good board questions. You should be familiar with the concepts, but don’t expect too much activity on the boards.
Notes
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Sometimes, you will hear executives say, “I had to SWOT myself.” In general, this is what they mean. Not always.
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In our example, the IRR is 13.85%, although the calculations required are fairly complex.
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Lee J. Gout-drug competition returning to market after court fight. Modern Healthcare. January 15, 2015.
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Mankowitz, S. (2018). 4.5 Strategic and Financial Planning for Clinical Information Systems. In: Mankowitz, S. (eds) Clinical Informatics Board Review and Self Assessment. Springer, Cham. https://doi.org/10.1007/978-3-319-63766-2_15
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DOI: https://doi.org/10.1007/978-3-319-63766-2_15
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