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Strategy, Concept and Competitive Advantage

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What is the definition of concepts or strategy, competitive advantage, and market structure as it relates to health care with examples.

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The response addresses the queries posted in 336 words with references.

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The response addresses the queries posted in 336 words with references.

This paper talks about strategy, competitive advantage and market structure, as they are defined in the health care industry.

Strategy

A strategy is a planning process where a course of action is taken to achieve a vision. Strategy is adopted to gain a position of advantage over adversaries or to have the emerging possibilities, which can be exploited in an appropriate manner. In health care, the strategy is formulated to create a value-based system. It is done to uplift the current situation in the healthcare industry to adhere to the goal of providing quality services in the industry. For example, the US government has ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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