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Michael Porter's Five Forces Model

Examine the key reasons why intense competition and rivalry characterize the health care industry. Suggest one (1) example to support your rationale.

Appraise the value and importance of Michael Porter's Five Forces Model as a tool for facilitating the understanding and addressing of the competition within the health care industry. Provide at least two (2) specific examples of Michael Porter's Five Forces Model that apply within a health care organization with which you are familiar.

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The key reason why intense competition and rilvary characterize the health care industry are that competition among the healthcare businesses have long been encourage as a mechanism to increase value for patients. Competition have ensured that provision of better products and services to satisfy the needs of customers. Competition is capable of increasing value for customers over time. The quality and process improvements had lead to decreased cost and resulted in increased customer satisfaction. One example of competition is the individual who provide healthcare. The physicians may compete for patients who are able to pay for service and do not ...

Solution Summary

The key reason why intense competition and rilvary characterize the health care industry are that competition among the healthcare businesses have long been encourage as a mechanism to increase value for patients. Competition have ensured that provision of better products and services to satisfy the needs of customers. 428 words.

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