An Understanding of the Forces of Future Change Can Help

question 36

True/False

An understanding of the forces of future change can help health care executives in developing strategies for their organizations.

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Definitions:

Short-termism

A mindset or approach prioritizing short-term gains over long-term goals and strategies.

Immediate Returns

Earnings or benefits that are received quickly or immediately after an investment or action is made.

Capitalist

An economic system where private individuals own and control property and businesses, operating them for profit.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.