01 Oct Porter’s Model of the five fundamental forces that drive the level of profits in an industry are:
Porter’s Model of the five fundamental forces that drive the level of profits in an industry are:
Competitive intensity
Threat of entry by competitors from outside the industry
Availability of equivalent, substitute products
Bargaining power of buyers and customers
Bargaining power of suppliers and employees
Identify a competitor for your health care organization. Choose at least two of the Five Forces and recommend strategies that your organization could use to respond to these forces.
DQ2 After completing the SWOT analysis of your chosen healthcare organization, identify what you believe the healthcare organization offers that could be considered a competitive advantage? If it doesn’t currently have a competitive advantage, what might you suggest to the organization to gain a competitive advantage?
