We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Strategic management - Article Example

Comments (0) Cite this document
1) One of the key elements of the general environment within which RRMC operated was the clear distinction between the urban and nonurban markets. This provided clearly established niches to be served by different players in the market however; the overall degree of competition is relatively high…
Download full paperFile format: .doc, available for editing
Polish This Essay93.7% of users find it useful
Strategic management
Read TextPreview

Extract of sample
"Strategic management"

Download file to see previous pages This presence can further intensify the competition as more and more niches within the market are developed. There can be opportunities specially in terms of offering comprehensive services under one roof because most of the players are focused on providing specialist services and are not clearly focused on universal medical services under one roof. 2) Due to lack of more sophisticated hospitals in non-urban areas, the overall bargaining power of consumers may be low. However, due to overall size of the healthcare suppliers, there is relatively higher bargaining power available to suppliers i.e. physicians, medical professionals, healthcare supplies etc. The fact that RRMC was not able to procure some of the supplies required for essential procedures therefore outline that due to demand and supply dynamics of medical supplies suppliers, they are yielding more power. The overall competitiveness and the lower concentration of high quality services providers in the non-urban areas therefore make it relatively more lucrative for new players to enter into the market. The chances for the substitute products to dominate the market are relatively low because alternative medicine is not common yet and therefore may not take place of the traditional services offered. The overall rivalry in the industry therefore is relatively high due to the fact that more and more players may enter into the market and serving different niches of the market. 3) One of the key competitive advantages of RRMC is its ability to offer different services under one roof. Started as an acute services provider, RRMC developed itself into a larger healthcare services provider by including innovative services such as heartburn treatment center, chest pain treatment, and diagnostic services along with other general services. This therefore can serve as one of the key competitive advantages for RRMC and can distinguish it from other players in the market which are mostly focused on providing selective services. This competitive advantage could be sustainable if RRMC is able to continuously upgrade its operations and bring in more innovativeness in its operations. An expanded base of services coupled with latest technology therefore can surely help RRMC to maintain its competitive advantage and sustain it for longer period of time. 4) A closer analysis of the facts provided in the case study suggests that RRMC’s inbound logistics may have minimum impact on its competitiveness. However, the operations of the hospital are really critical and are probably the major source through which it generates its competitive advantage. The network of different departments and services including outpatient departments therefore can serve as the outbound logistics of the firm. Outbound logistics of the firm coupled with operations of the firm work in tandem to offer RRMC a unique advantage in the market. The use of membership incentives through MedKey program can also serve as one of the key sources for competitive advantage of the firm. Through this, hospital has been able to achieve both the retail i.e. individual as well as local businesses as customers and offered them bundled services. The use of internet for the purpose of market can also be considered as key part of the overall marketing campaign of the hospital to maintain its competitive advantage. Since the essential nature of the hospital is to provide healthcare servic ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic management Article Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/management/1429259-strategic-management
(Strategic Management Article Example | Topics and Well Written Essays - 750 Words)
“Strategic Management Article Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1429259-strategic-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic Leadership for Change Management
The conclusion is that there is no set of personal qualities, which present in all effective leaders are often cited as evidence that the effectiveness of leadership is situational in nature. However, the Stogdill said that his view is not enough emphasizes the personal nature of leadership. He argues that there are substantial evidence for the fact that different situations require different ability and quality.
20 Pages(5000 words)Article
It also controls whether mission, values, goals, vision, and objectives are achieved and takes corrective actions if they are not or if internal or external circumstances change. The main tool of strategic management is a strategic plan. Strategic planning focuses on setting goals or the point of achievement that we desire to reach some time in the definite future moment as well as on ways and means to get to that desired outcome.
7 Pages(1750 words)Article
Strategic management
The increasing costs of medical treatment as well as the new regulations therefore have made it more difficult for EMC to operate with maximum efficiency. There was acute shortage of the care monitor beds as well as the shortage of staff. Though due to structural changes in the industry as a whole overall shortage of staff became a critical issue.
3 Pages(750 words)Article
Strategic Management: Strategic Choices
In fact, a discussion of Toyota’s strategies has become a common staple not only for aspiring business and management students but also for professionals across the business spectrum. Business Strategies Toyota’s business strategy can be perceived to contain four ingredients: innovation, localization, mass production efficiency and brand image.
4 Pages(1000 words)Essay
Strategic Management: Strategic Choices
Strategic choices by TRADOC The TRADOC Strategic plan has three strategic choices which provide as organizing constructs for main objectives and tends to support the achievement of the strategic objectives and execution of mission and role of the Army trainer leading to change in the Army.
3 Pages(750 words)Essay
Strategic Planning
20). Peter and Donnelly assert that strategic planning not only involves planning for the predictable but also the feasible (p. 27). Gilbert’s article
1 Pages(250 words)Article
Strategic Human Resource Management
pport.Most people join the unions in order to higher payments at work, but, the trade unions play other roles, which are essential in ensuring healthy employee-employer relationships(Wilkinson 2014, p. 89). First, the trade unions negotiate the pay and conditions of workers at
4 Pages(1000 words)Article
This has remained a noble idea as it propelled IMG to where it was up to the early 2000’s when it began to feel the threat of emerging competitors (Hitt,et al. 56-8). Although it started with Golf, the changing business and economic
2 Pages(500 words)Article
Based on Chapter 1 and Reading 1 describe the major differences between traditional HRM and strategic HRM Which types of organizations (if any) will traditional HRM fit more Which types of organizations (if any) will strategic HRM fit more Explain why
Most engineering and construction companies across the world significantly employ the traditional human resource management style because of the technicalities in the field needs the immediate manager to be there (Ulrich, 1998). On the other hand, production companies are
1 Pages(250 words)Article
Strategic Management
The article by Flickinger, M., Wrage, M., Tuschke, A. und R. Bresser: How CEOs protect themselves against dismissal: A social status perspective. Strategic Management Journal 36 published this year
1 Pages(250 words)Article
Let us find you another Article on topic Strategic management for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us