Term
|
Definition
analyzing competitors, assist organizations in identifying the context for creating competitive advantage
- means by which an organization seeks to develop cost advantage or to differentiate itself from other organizations
-- image, high quality, excellent staff, efficiency, low cost, stc. |
|
|
Term
|
Definition
evaluation of competitor's strengths and weakness
characterize their strategies
group competitors by the types of strategies they have exhibited
predict future moves or respoonse to strategic issues and initiatives by other organizations |
|
|
Term
| Critical Success Factor Analysis |
|
Definition
involves the identification of a limited number of activities for a service category within a service area for which the organization must achieve a high level or performance to be successful
- may also be used to examine new market opportunities by matching strengths to critical success factors |
|
|
Term
|
Definition
for any service category within a service area may be based on the critical success factors or important strategy dimensions
- helps identify similar/dangerous competitors |
|
|
Term
|
Definition
the geographic area surrounding the health care provider from which it pulls the majority of its customers
- sometimes limited by ill defined geographic borders
- beyond boarders it may be difficult to render service due to distance, cost, time and so forth |
|
|
Term
| Service Area Competitor Analysis |
|
Definition
-done in order to gain an understanding of the competitors in the service area, -identify any vulnerabilities of the competitors,
-assess the impact of its own strategic actions against specific competitors, -identify potential moves that a competitor might make that would endanger the organizations position in the market |
|
|
Term
|
Definition
| includes key competitively relevant economic, demographic, psychographic (lifestyle), community health status indicators (income distribution, major industries, employees, types of business and institutions, economic growth rate, seasonality of business, unemployment stats, etc) |
|
|
Term
| Service Area Structural Analysis |
|
Definition
| provides considerable insight into the attractiveness of an industry and provides a framework for understanding the competitive dynamics (future viability of an industry) |
|
|
Term
|
Definition
| PT, general practice, peds, geriatrics, stroke rehab, vestibular, ortho, sports med |
|
|
Term
|
Definition
| a number of organizations within the service category making similar strategic decisions. Members of a strategic group have similar "recipes" for success or core strategies. Members primarily compete with each other and do not compete with organizations outside their strategic group- even though there are other competitors outside the group that may offer similar products of services |
|
|
Term
|
Definition
| the likely strategic objectives and next strategic move of competitors. These may be anticipated because of their perceived strengths and weaknesses, past strategies, strategic group membership and assumed strategic objectives can anticipate the likely strategic response |
|
|
