[ANSWER]HLSC659 ASSIGNMENT 2_Essay on Class Participation and Discussion from a Strategic Management Perspective: Class-Based Discussion and Peer Learning

[ANSWER PREVIEW]The threat of rivalry is arguably one of the most relevant Discussion and Peer Learning elements of the model to the healthcare industry.

The concept of the threat of rivalry is arguably one of the most relevant Discussion and Peer Learning elements of the model to the healthcare industry. Rivalry simply denotes competition (Lethbridge, 2011). A firm’s knowledge of its competitors and how powerful they are helps it in building competitive advantage so as to competitive effectively in the marketplace (Lethbridge, 2011).

In Australia and many other developed countries, healthcare is largely publicly funded but that does not necessarily mean competition is not important. Indeed, as Dafny and Lee (2016) put it, the healthcare industry “needs real competition.” Competition in this industry is important for Discussion and Peer Learning maintaining high levels of quality and efficiency to the advantage of the consumer. When a healthcare organization is aware that consumers can get…: [Buy Full Answer for Just USD 9: 1211 WORDS]

[SOLUTION DESCRIPTION]

Type: Essay

Word Count: 1211

Grade/Mark: 90 (Distinction)

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