What Is a Core Competency,and What Are the Core Competency

question 43

Essay

What is a core competency,and what are the core competency areas for healthcare human resources?
A core competency is a unique capability in the organization that creates high value and differentiates the organization from its competition. Human capital should be one in many organizations.
-Continuity of care expertise
-Outstanding record of patient safety
-Leader in the field
-Clinical expertise
-Outstanding customer service

Understand the concept of legitimate power and its basis in social structures and organizational effectiveness.

Recognize the role of obedience and willingness in the effectiveness of legitimate power.

Identify the different strategies negotiators use and the nature of expert power.

Comprehend how personality and individual differences impact the acquisition and use of power.

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Definitions:

Money Rate

Often referring to the interest rates in financial markets; the cost of borrowing money.

Time Preference

The inclination of individuals to prefer goods and services in the present rather than in the future.

Time Preference

This concept describes individuals' preference for immediate benefits over future ones, influencing their decisions on saving, investing, and consumption.

Time Preference

An individual's preference for receiving goods or services sooner rather than later.