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The relationship between market orientation and financial performance in hospitals in Florida and Texas
Bibliografi
Author:
Terry, Tamara Speight
;
Weinstein, Art
(Advisor)
Topik:
BUSINESS ADMINISTRATION
;
MARKETING|HEALTH SCIENCES
;
HEALTH CARE MANAGEMENT|ECONOMICS
;
COMMERCE-BUSINESS
Bahasa:
(EN )
ISBN:
0-599-76478-3
Penerbit:
NOVA SOUTHEASTERN UNIVERSITY
Tahun Terbit:
2000
Jenis:
Theses - Dissertation
Fulltext:
9971374.pdf
(0.0B;
1 download
)
Abstract
This study is meant to assist hospital administrators determine whether devoting resources to developing a market orientation helps to improve their hospital's financial performance. All hospitals within Florida and Texas were surveyed. Three major dimensions of market orientation were investigated, namely: (1) organization-wide generation of market intelligence; (2) dissemination of this intelligence across departments; and (3) organization-wide responsiveness. Hospital financial performance was measured by studying hospital performance in three areas: (1) net profits/operating margin; (2) return on investment; and (3) operating margin/profit to revenue ratio. This study found that hospitals with strong market orientations perform better financially in terms of net profits, return on investment and profit/operating margin to revenue ratio. A positive relationship between hospital size and the extent to which a hospital is market oriented was also determined. Furthermore, this study found a strong positive relationship between the existence of internal marketing departments and a hospital's market orientation. Establishing a market-oriented culture within the hospital, which empowers all employees to gather, disseminate, and respond to the changing marketplace, is likely to improve hospital financial performance.
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