Strategy offering good fit with external situation

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Reference no: EM132264944

Analysis-based answers to these questions are prerequisites for a strategy offering good fit with the external situation.

For any hospital Healthcare System industry in California, for example Sharp Healthcare System or Scripps Health System or UCSD hospital Health System,answer the questions below.

1. Do the dominant economic characteristics of the industry offer sellers opportunities for growth and attractive profits?

2. What kinds of competitive forces are industry members facing and how strong is each force? Far and away the most powerful and widely used tool for assessing the strength of the industry’s competitive forces is the five-force mode of competition. ( 1) competitive pressures stemming from the competitive jockeying among industry rivals, ( 2) competitive pressures associated with the market inroads being made by the sellers of substitutes, ( 3) competitive pressures associated with the threat of new entrants into the market, ( 4) competitive pressures stemming from supplier bargaining power, and ( 5) competitive pressures stemming from buyer bargaining. The nature and strength of the competitive pressures have to be examined force by force and their collective strength must be evaluated. The strongest forces, however, are the ultimate determinant of the intensity of the competitive pressure on industry profitability. Working through the five- forces model aids strategy makers in assessing how to insulate the company from the strongest forces, identify attractive arenas for expansion, or alter the competitive conditions so that they offer more favorable prospects for profitability

3. What forces are driving industry change, and what impact will these changes have on competitive intensity and industry profitability?

4. What market positions do industry rivals occupy- who is strongly positioned and who is not?

5. What strategic moves are rivals likely to make next?

6. What are the key factors of competitive success?

7. Does the industry outlook offer good prospects for profitability?

Reference no: EM132264944

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