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Considering the health care industry, it is clear that the level of competition and the type of competition is very different when compared to that in other industries. The health care industry revolves around the services that it provides to the customers and the industry as a whole is very customer centric. The competition in this industry is more impacted by the external environment that it operates within and the healthcare environment as a whole (Teisberg & Porter, 2006). There is a direct impact on the healthcare industry from all the industries and also from the external environment as a whole.
The competition in this industry is based more on the type of changes that the organizations are able to make to themselves and how the organizations are able to adapt to the needs of the people. Unlike the other industries, here in this sector, if an organization is unable to change and adapt to the changes in the markets, then the organization will be faced with instant downfall and the resistance will lead to loss of customers and clients in the market. Also considering the healthcare industry where the use of technology is so high that each day new and improved products are introduced to the markets.
The competition in this market can be good to some extent. However concentrating on people who come from a relatively lower financial background and cannot afford to pay for expensive treatment, this can be a deal breaker (Swayne, Duncan, & Ginter, 2009). However, if the industry is looked at without concentrating on the different strata of people, then it is best and most effective that the industry is flooded with high levels of competition and development. Competition in any field is very effective as it allows everyone to realize their strengths and weaknesses and work on improving their weaknesses to strengths. This improvement will not only
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Firms must be able to adapt to the various challenges coming from the environment and from competitors as well. Basically, this necessitates the vigilance of firms to look for the possible threats that may undermine their business operations. However, on the other hand, this business environment has also presented firms with various opportunities for growth.
While the customer has become more informed and accredited with more awareness about the market, the companies, especially beer companies are faced with huge challenges vis-a-vis pricing, segmentation, competition and fear of saturation. Indeed, the wide distribution network of beer retailers has attracted more companies to come up with newer brands than the market can accommodate.
This control may be the control of the competition and also the pricing issues. Mostly, the government does this regulation through the regulatory agencies and put in place laws that will centrally plan an economy or reduce the possibilities of market failure.
Policy makers and regulators have been for long in debate about the issue of competition in banking systems. However, the economic theory does not conform to the implications of an increase in competition in the banking industry i.e. increase in the bank ratios.
Foreign direct investment or FDI can be defined as an investment made to obtain long lasting shares or interest in out of country enterprises. There will always be a parent enterprise with some sort of a foreign affiliation the co-operation of whom would be known as a translational corporation (TNC) and the parent enterprise will have a 10% or more share control of its foreign affiliate.
If this is the case, would you still give your stamp of approval on competition
Competition is what keeps the market move at such a volatile pace. There will always be a winner and a loser in a competitive environment. There are many agencies, however, like the Competition Commission of the United Kingdom and other competition watchdogs of the European Union that very hard to ensure competition within UK fair and square.
In business, competition grows more forceful and severe in every year, ranging from competitors that venture globally to capture newer markets, online contestants looking for low-cost methods to establish