Porter’s Five Forces indicate the viability of a product or service
DQ1W8 Forces of Service Area Analysis
Porter’s Five Forces indicate the viability of a product or service and is the framework for analyzing the level of competition within an industry.
Review the links:
http://www.hhnmag.com/articles/3394-thinking-like-michael-porter
https://hbr.org/2004/06/redefining-competition-in-health-care
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC1131901/
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3141382/
Within the context of the COVID-19 pandemic,
Provide examples and present an argument as to why managers should incorporate Porter’s Five Forces into their day-to-day operations?
Evaluate and describe how the five forces can affect the bottom-line of a healthcare organization.
Directions to student: You must complete this discussion in (no less than 750 words) into three substantive paragraphs 250 words each. Make sure you address the subject topic within the context of the COVID-19. Make sure you include at least four APA-formatted citations/references.
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