These are competitors of an organization who already exist; the health care agency normally competes with them on a daily basis. An immediate competitor operates in the same market, and they offer the same…
Download full paperFile format: .doc, available for editing
Download file to see previous pages
It is based on this knowledge that a health care organization may decide on the best approach to use, in competing with their competitors. Another type of competitor identified by Moseley are potential competitors.
These are companies that are operating in other industries, but they are showing a high likelihood of wanting to invest in the health care industry. These are always referred to as new entrants (Zuckerman, 2012). It is important to explain that investing in the health care industry is a very costly process, and on this basis, new entrants are normally business organizations that have the capability of raising the necessary capital. Furthermore, it is important to explain that new entrants could be firms operating the same line of business, but operating in a different geographical location (Harrison, 2010). Other possible new entrants include organizations that offer related services, suppliers who are interested in integrating forward in the chain, with the intention of forming a hospital organization, organizations that seek to diversify their portfolios, because of increased competition, etc.
Another type of competitors is indirect competitors. These are health care institutions that offer substitute products. It is important to explain that this is competition, because these organizations have the capability of satisfying the customers of a health organization, in a similar manner, as the organization under consideration (Stahl, 2004). In gathering data, concerning the threats that direct competitors pose, there is a need of carrying out market research, through surveys, and observations.
Surveys would enable the health care organization to collect data, based on the quality of service it offers, in comparison to the quality of service offered by its competitors. This type of information is very important because it
...Download file to see next pagesRead More
Cite this document
(“Strategic Planning Assignment Example | Topics and Well Written Essays - 1750 words”, n.d.)
Strategic Planning Assignment Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/management/1678157-strategic-planning
(Strategic Planning Assignment Example | Topics and Well Written Essays - 1750 Words)
Strategic Planning Assignment Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/management/1678157-strategic-planning.
“Strategic Planning Assignment Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/management/1678157-strategic-planning.
Businesses, whether profit or non-profit, are incorporating these strategies in order to better their situation in the global market. The political and economic standing in many countries, today, has caused the change in many organization’s plans (Grant, 2005).
Hope University will definitely take part through actions which are continuously useful for those incarcerated. The purpose of the project is to provide basic college knowledge, which will prepare them for employment after they are released from prison. In this time, the pilot project will be started at Sing Sing Correctional Facility in New York State.
Strategic planning is an essential part of the planning process and developing a well designed action plan. It comprises of developing well documented and step by step approach towards the fulfillment of the goals and objectives that have been outlined by a person, individual or agency in an attempt to accomplish the objectives.
Strategic Planning Table of Contents Table of Contents 2 Context of the Study 3 Part 1- Research 4 Macro-environment 4 Argentine Educational Sector 5 Underlying Challenges 7 Part 2- Strategic Options and Choice 8 Option 1(Longitudinal Perspective) 8 Option 2 (Cross-sectional Perspective) 9 Part 3- Human Resources 11 Cultural Difference 11 Building Relationship 11 Communication and Negotiation 11 Reference 13 Context of the Study According to Donnelly (2004), educational system in Ireland has reformed after the political reform of the country during 1990s.
The conclusion from this study states that the company needs to opt for transnational expansion strategy so that it aligns its business objectives with the needs and wants of local people in various new countries or rather completely new market segment where it plans to expand its business operations in the nearby future.
As a result, we set a higher price for the product in order to capture a larger market share and to earn more profit. However, the products of other companies also offer the same feature as ours and they kept the same price or increased it a bit. So, setting of a higher
description of my technical skills that were used in accomplishing the tasks as well as the outcomes of using those skills along with the advantages and disadvantages, which would further justify my learning needs for the short run. The discussion also emphasised the additional