Business & Finance homework help

Category: Business & Finance

 

Part A:

Select a familiar company: ___________________________

Develop an analysis based on the Five-Forces Model: analyze as many factors as possible from the model:

  • Threat of entry of new competitors:
  • Bargaining power of suppliers:
  • Threat of substitute products or services:
  • Bargaining power of customers:
  • Rivalry among existing firms in the industry:

Discuss the following questions:

In what ways did the five-forces model help you see the critical elements of the external environment that you probably would have overlooked if you were not using this structured framework of analysis?

What are your suggestions for your company after the analysis in terms of its competitive strategies, any reinforcements, changes, initiations of present strategies and/or new strategies?

Part B:

Please answer these discussion questions based on the following scenario:

Due to recent public policy, the demand for health insurance has significantly increased. You have decided to investigate coming to market with a new product. Prior to doing so, the following questions need to be answered:

1. What’s the threat of new businesses starting in this sector?

2. How easy is it to start up in this business?

3. What are the rules and regulations that need to be considered?

4. What finance would be needed to start-up?

5. Are there barriers to entry, which give you greater power?

Many forces can affect an industry powerfully enough to qualify as driving forces. Some are unique and specific to a particular industry situation, but most drivers of change fall into one of the following categories:

  • The Internet and new e-commerce opportunities and threats it breeds in the industry
  • Increasing globalization of the industry
  • Changes in the long-run industry growth rate
  • Changes in who buys the products and how they use it
  • Product innovation
  • Technological change
  • Workforce availability
  • Market innovation
  • Entry or exit of major firms
  • Diffusion of technical know-how across more companies and more countries
  • Changes in cost and efficiency
  • Growing buyer for preferences for differentiated products instead of a commodity product (or for a more standardized product instead of strongly differentiated products)
  • Regulatory influences and government policy changes
  • Changing societal concerns, attitudes, and lifestyles
  • Reductions in uncertainty and business risk

Use these categories to help you form your answers.

6. Identify and analyze five forces common in health care. Provide examples for each force identified.

Forces in health care:

1.

2.

3.

4.

5.

Part C relates to your strategic management portfolio: After reviewing the attached example case study (not your case study, this is practice for that), please create a mission and vision statement and a list of values. 

Mission Statement: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

1. Does it define the organizations’ products and services in the markets in which it competes?

2. Does it communicate where the company is, and where it’s going?

3. Does it define an expressed concern for his key stakeholders?

4. Does it motivate employees and reflect actual daily practice?

5. Does it touch on the organizations commitment to economic objectives?

6. Does it incorporate the organization’s values?

7. Does it reveal what competitive advantage distinguishes this organization from its competitors?

8. Does it suggest the level and nature of the organization’s social commitment? 

Vision Statement: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

1. Does it express what the organization wants to become?

2. Does it foster commitment and galvanize employees to action? 

3. Is it short enough to remember, and it’s easy to understand?

4. Does it show employees what they are working for, and give meaning to their day-to-day work?

Based on what you’ve gathered about the organizations mission and vision, please list values you see that are prevalent (List a minimum of seven values) 

Values: ________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

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