In a paper of 500-1,000 words, describe the relationship between health care cost and quality. Address the following:
• Select one public agency and one private agency. Differentiate the roles of these agencies and the major initiatives they have undertaken to address cost and quality in health care. Refer to the Topic 4 study materials for sources related to health care agencies. This is the website they were referring to in Week 4: https://www.ahrq.gov/
• Analyze current and projected initiatives to improve quality while simultaneously controlling costs in both the private and public spheres. Describe any unintended consequences that have resulted or may result from these efforts.
• Synthesize the implications of these efforts for staff nurses and advanced practice nurses. Include evidence-based practice, relative to cost and quality, in your response.
enate the firm. Entrepreneurship acts as a mechanism that stimulates the identification of competitive advantages through product, process and market innovation. . This competitive advantage is obtained by making the competition irrelevant and thereby providing a new and superior value in existing markets. The concept of an EO determines the mindset of firms engaged in pursuing new ventures or growth of existing ventures and aims to provide a credible framework for researching entrepreneurial activity. The comprehensive literature on the relationship between EO and firm performance suggest a uncontested general positive link (Baker and Sinkula 2009; Rauch et al. 2009; Sadler-Smith et al. 2003 😉 By using EO firms meet the new and latent needs of market. Several studies demonstrate the positive influence of EO on firm performance (Madsen, 2007; Wiklund & Shepherd, 2005; Zahra & Covin, 1995), although the empirical results are of contrasting nature, EO acts as a credible antecedent to growth and performance differences in firms, in both domestic and foreign markets (Kuivalainen et al., 2007 The entrepreneurial layer improves the strategic posture of firm to deliver competitive advantage. The pro activeness develops firm’s willingness and ability to sense and anticipate new developments earlier than competitions imparting a “first mover” advantage over reactively identifying development and trends. This gives the firm a competitive edge and improves market performance by increasing market share. The risk-taking dimension develops firm’s willingness and ability to commit resources to projects whose outcome is uncertain. If strategies are sound, the firm has strong chances to reap higher returns inherent in risky initiatives leading to higher performance. Based on the above discussions, the following hypotheses is formulated: H6- Entrepreneurial Orientation has a positive impact on competitive advantage Moderation effects of entrepreneurial orientation on the relationship between dynamic marketing capabilities and competitive advantage EO helps firms to survive and generate value for firms and their owners. In the competitive and dynamic environment firms possessing high EO develop new market orientations and business platforms based on new opportunities in the market. EO creates a mindset for acquiring or mobilizing right resources and a firm properly endowed with dynamic marketing capabilities guides the evolution of a firm`s resource configuration by leveraging on extant marketing capabilities and linking it to the newly shaped market orientation. This leads to heightened competitive advantage. (Teece et al. 1997, Winter 2000). Entrepreneurial orientation moderates the relationship between DMC and competitive advantage by providing context and mechanism to develop new forms of competitive advantage. Certain innovative responses are required when time to market and timing are critical, the rate of technological change is rapid, and the nature of future competition and markets is difficult to determine. Firms with higher entrepreneurial orientation will have stronger relationship between their dynamic marketing capabilities and competitive advantage. Based on the above discussions the following hypotheses is proposed: H7: Entrepreneurial Orientation moderates the relationship between dynamic marketing capabilities (DMC>GET ANSWER