(a) Definition of Business. (one paragraph)
First, provide a definition of the business of the company in the first paragraph succinctly. Be sure to name the business of the company, major business segments, and geography.
(b) VRIO Analysis. (three paragraphs)
Second, use Barney’s VRIO framework to uncover a firm’s key weaknesses, strengths, distinctive competencies, and sustainable distinctive competencies. Again the critical part is not to identify but to analyze and synthesize. As you write this section, think of top three key strengths, weaknesses, distinctive competencies or sustainable distinctive competencies (S/W/DC/SDC).
Write one paragraph on each of them, clearly revealing whether the selected resource/capability is valuable, rare, and inimitable and WHY? Be sure to give the rationale in the text (not in the exhibit). Also, address whether the firm has the organization (structure) and complementary resources to take advantage of the resource/capability being discussed in the paragraph. Also be sure to mention whether the resource/capability is a weakness, strength, distinctive competence, or sustainable distinctive competence.
Sample Solution
An interprofessional partnership is considered to work on mutual goals to advance patient results and provide services. Interprofessional collaboration is known as the growth of initiatives that are considered to increase the use of health care services, hardly, is the connection of the social worker and pharmacist in the works, but benefits in patient care may be reached through the presence of this cooperative determination. Collaborative communications show a unification of professional values and are accomplished through sharing skills and information to improve the patient care. It is important as a group to have strong and open communication because everyone input is important, active decision making, trusting each other, and leadership. It can be challenging when working with another profession because they won’t entirely know the knowledge, skills, and abilities that members of other profession bring to the team, but in this interprofessional group I attended it was not the case. Interprofessional collaboration between pharmacist and social workers involves the ability to make changes from the mainly professional-based vision that most professions have the approval of a sense of collaboration and a share goal. The letdowns that can progress from inappropriate collaboration and communication between health care professionals can have a harmful impact on health care results, reduce the value of medical decisions, and make mistakes when it comes to implementing choices this explains why group structure is important. To begin with, there were goals and objectives we had to accomplish to provide the patient, 81-year-old Mr. Brown what he needed to improve his results. Those goals were to analyze patient information to identify psychosocial issues, recommend intervention options for the patient’s care plan make recommendations for coordination of the patient’s care plan and develop a shared goal. As we read over the Mr. Brown case, there were several issues that had to be addressed far as HTN (25 years), CHF (3 years), T2DM>
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