Number of baby boomers are on verge of retiring

Assignment Help Marketing Management
Reference no: EM131321069

1. Demographic trends suggest that a large number of baby boomers are on the verge of retiring. The Bay Area Medical Practice is meeting to focus on its next 5-year strategic plan. It has performed a patient analysis and has determined that 40% of its patient base is baby boomers. From an operational perspective, how might this group respond to this in terms of the four Ps of marketing strategy?

2. What environmental factors would you suggest account for: (a) in-company clinics that deal with employee medical problems, such as the one established by Toyota, and (b) the success of after-hours clinics and urgent care facilities in many metropolitan areas?

3. Assume you were hired to design a MCO plan targeted to baby boomers in San Antonio, Texas, a city with a large Hispanic population. How would you make this service offering unique to respond to the major trends discussed within this chapter?

4. Two large multi specialty medical groups have recently asked you to conduct audits using the BCG matrix. For the first group, your analysis reveals the following distribution of services: Cash cows-65%; stars-10%; problem children- 20%; dogs-5%. In the second group, the distribution is: Cash cows- 20%; stars-60%; problem children-15%; dogs-5%. Provide your analysis to each group.

5. In recent years, there has been a growing attempt to measure the performance of health care providers. The federal government and the states have published data on how hospitals are compared to acceptable clinical standards with regard to pneumonia. Explain how these data could affect the consumer decision-making process.

6. On what level of Maslow's Hierarchy of Needs would you place each of the following decisions: (a) buying health insurance, (b) going skiing, (c) following a low-fat diet?

7. The United States is experiencing a decline of the middle class. What does this trend imply for the future of organizations such as: (a) the U.S. Public Health Service, which operates many inner-city health clinics for the economically disadvantaged, and (b) the Scripps Clinic, a large multispecialty group practice in Southern California? For years, the Scripps Clinic was seen as an exclusive medical provider known not only for treatment but also for its research.

Reference no: EM131321069

Questions Cloud

Examine the interitem reliability of your measure : Hypochondriacs are obsessed with their health, talk a great deal about their real and imagined health problems, and visit their physician frequently. Imagine that you developed an 8-item self-report measure of hypochondriacal tendencies.
Book value of equity is equal to market value of equity : Your company doesn't face any taxes and has $262 million in assets, currently financed entirely with equity. Equity is worth $9.2 per share, and book value of equity is equal to market value of equity. What will be the level of expected EPS if they s..
What are the low level and high level lifetimes of electrons : An n-type Si crystal (1017 donor/cm3) contains 1015 Au/cm3. What are the low level and high level lifetimes of electrons and holes in this sample?
Identify and explain countertrade : Identify and explain countertrade. Give one example of a product and marketer where countertrade has been used.
Number of baby boomers are on verge of retiring : 1. Demographic trends suggest that a large number of baby boomers are on the verge of retiring. The Bay Area Medical Practice is meeting to focus on its next 5-year strategic plan. It has performed a patient analysis and has determined that 40% of..
How long would it take to detect 100 photons : The infrared photon flux is 1014cm-2s-1. How long would it take to detect 100 photons using an indium detector of 1 cm2area?
Identify the moral issue and the parties involved : In studying the subculture of a particular group, a sociologist must be accepted by the people and gain their trust. One such researcher is studying the people in an urban slum. She learns through their confidence that certain members of the co..
Calculate time to failure when 10v is applied : Calculate the time to failure when 10V is applied to a 100A VLSI oxide. What is the maximum applied voltage to the oxide film for 10-year life?
Three factors affecting channel choice : What are the three factors affecting channel choice? Briefly discuss how each factor might influence a company to implement a direct channel of distribution.

Reviews

Write a Review

Marketing Management Questions & Answers

  Identify and explain the six major public relations tools

What is social class? How is it measured? Explain and describe in detail why marketers are interested in social class.

  Should a social network own our social data

Should a social network own our social data? Is it an invasion of privacy for social networks to collect and use the information we leave as we deposit digital footprints in a site and around the Web?

  Detail steps involved in new product or service development

Describe the target market (audience) profiles, key buying behaviors, and decision motivators for the consumer target market. Note: Do not pick different target markets for the domestic and international markets.

  Scenario imagine you are an employee of party plates a

scenario imagine you are an employee of party plates a company that manufactures decorative paper plates and napkins

  Explain target markets and competitive advantage

Explain Target Markets and Competitive Advantage and marketing is the same regardless of whether it is for a service and good or e-commerce and brick-and-mortar

  Create a projected cash flow statement for your business

Create a projected cash flow statement for your business for one year and Calculate the burn rate for your business

  Describe the fundamentals of media planning

Apply research for promotion planning and describe the role of an advertising agency's creative department. Assess the principles and components that help ensure effective design and purpose of print ads and describe the fundamentals of media plann..

  Problem regarding the effects on the environment

Discuss three (3) positive and three (3) negative impacts of humans on the biosphere. Which positive and negative impacts do you believe are the most significant to consider. Justify your response.

  Describe your rationale for selecting the target market

Your Target Market section should do the following: Describe your rationale for selecting the target market(s) that you did. State why these markets attractive to you, as a marketer

  Prepare functional specifications for the company

Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design. Prepare a list of technological specifications for implementation (e.g., what hardware and software are necessa..

  How are men and women portrayed in sitcoms today

How are men and women portrayed in sitcoms today? How are stereotypes still present? What would you change in the typical portrayal of the sitcom family on today's television shows?

  Integrated marketing communications plan report

Development of a comprehensive, detailed Integrated Marketing Communications plan report and presentation - 1400 - 1500 words.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd