Discussion : Healthcare Management Capstone

A CEO of a local health care organization in your area is determining whether merging with the other health care organization in your city( East Norriton ,Pennsylvania)is the right move. The CEO knows that understanding the competitor, identifying their weaknesses, and assessing the impact of both organization’s strategic moves can set a competitive advantage. Address the following in a 3-5-page paper, not including title page and reference page:

Discuss the importance of competitive advantage and why understanding the competition is important.
Explain the concept of a competitor analysis.
Construct a brief competitor analysis that will provide information on competitors in your area, their strengths and weaknesses, and their possible strategic moves.
Identify and discuss obstacles that might hinder your ability to conduct an effective service area competitor analysis.
For this assignment, use East Norriton ,Pennsylvania as the backdrop for the assignment.

SAMPLE SOLUTION

Healthcare Management Capstone
The process of merging organizations is mainly as an aftermath of one organization having a competitive advantage over the other. Competitive advantage has great benefits which make it a common practice for many organizations which struggle to have a competitive edge in the market. This essay will look at the advantages of competitive advantage, the concept of competitor analysis as well as consider the barriers to implementation of competitor analysis.
Importance of Competitive Advantage and Why Understanding the Competition is Important
Developing a competitive advantage is an avenue through which a brand of a company is maintained and recognized in the market place. Consumers and potential customers will develop the urge to know more about the product just because it has proven to stand out among many other product sellers. Being an industry leader will thus reduce the costs associated with marketing as most of the clients will seek to purchase…