Economic and Market Impact Report

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MHACB/598 Competency 1 Assessment and Rubric Course Title: Leveraging Results to Build Brand in the Health Sector

Competency Assessment Title: Economic and Market Impact Report

Assignment Directions By this point in the course, you have developed an understanding of the relationship between economics and the costs of health care. Furthermore, market trends and demands differ from locality to locality, and it is advantageous for health care administrators to be aware of the particular drivers of demand impacting their facilities.

Review the SWOT analysis you completed for your organization in MHACB/505. Applying your knowledge of economic principles, analyze how economic concepts impact the opportunities or threats facing your organization.

Write a 1,225- to 1,575-word report of your organization’s SWOT and how economics in your market impact the strategy and future of your organization. Include the following:

• Summarize the major economic trends in your market.

• Evaluate whether these trends benefit or harm your organization’s strategic goals. Provide a rationale for your response.

• Evaluate whether the economy in your market presents opportunities or threats for your organization, or both. Describe them and how they apply to your organization.

• Examine whether your organization can influence the economics in your area. Explain your perspective.

Cite any references to support your assignment.

Submit your assignment.

Resources

• Center for Writing Excellence • Reference and Citation Generator • Grammar Assistance

MHACB/598 Competency 1 Rubric Page 2 of 2

Copyright 2022 by University of Phoenix. All rights reserved.

Competency Assessment Rubric

Assignment/Performance Criteria

Mastery 100%

Meets Expectations 85%

Not Met 0%

1. Economic Trends Summary

(weight 20%)

Thoroughly summarized the major economic trends in the market

Sufficiently summarized the major economic trends in the market

Did not summarize the economic trends in the market

2. Evaluation: Economic Trends

(weight 25%)

Comprehensively evaluated whether these trends benefit or harm the organization’s strategic goals; provided a clear rationale for the response

Sufficiently evaluated whether these trends benefit or harm the organization’s strategic goals; provided a mostly clear rationale for the response

Did not evaluate the trends

3. Evaluation: Economy in The Market

(weight 25%)

Comprehensively evaluated whether the economy in the market present opportunities or threats for the organization, or both; thoroughly described them and how they apply to the organization

Sufficiently evaluated whether the economy in the market present opportunities or threats for the organization, or both; generally described them and how they apply to the organization

Did not evaluate the economy in the market

4. Organizations Influence on Economics

(weight 25%)

Thoroughly examined whether the organization can influence the economics in the area; comprehensively explained the perspective

Sufficiently examined whether the organization can influence the economics in the area; moderately explained the perspective

Did not examine the organizations' influence on economics

5. Grammar and Writing Mechanics

(weight 5%)

Accuracy in grammar, sentence structures, sentence boundaries, and word choice enhanced content.

Rare inaccuracies/errors in grammar, sentence structures, sentence boundaries, and word choice did not detract from the content.

Occasional or frequent inaccuracies/errors in grammar, sentence structures, sentence boundaries, and word choice detracted from the content.