Why is healthcare Competitive Advantage important?
Answers from top 12 papers
More filters
| Papers (12) | Insight |
|---|---|
| This, in turn, can translate into competitive strategic advantage for the hospital. Research limitations/implications – Th... | |
| In the coming years, hospitals that can identify and market their best practicing providers will achieve a competitive advantage. | |
47 Citations | Competitive advantage in the marketplace ultimately derives from providing better speed, cost, quality and direction. |
| Competitive advantage also partially mediates marketing capabilities to performance relationship. | |
60 Citations | The central theme is that for a developing country, as for any other, while competitive advantage may be relevant for the performance of firms, comparative advantage remains as relevant as ever for the performance of the nation. |
| Competitive advantage can be achieved through cost leadership or differentiation. | |
101 Citations | This is different from a competitive advantage that is not IT-enabled, where the only performance advantage is in profitability. |
| Second, competitive advantage is a relational construct. | |
| In addition, both forms of competitive advantage positively influence a company’s performance. | |
44 Citations | Findings The results indicate that quality management may be a source of competitive advantage. |
| Also, competitive advantage can have a direct, positive impact on organizational performance. | |
17 Citations | There is a strong relationship between the business models and the competitive advantage. |
Related Questions
How does the cost advantage of a country affects the affordability of healthcare?5 answersThe cost advantage of a country significantly impacts healthcare affordability. Countries like Algeria provide free healthcare through insurance, alleviating the financial burden on individuals. In contrast, in India's North Eastern States, where the government dominates healthcare, treatment costs are lower, but non-medical expenses offset this advantage, highlighting the complexity of cost structures. Healthcare expenditure increases globally, straining both public and private sectors to ensure accessibility and affordability, especially in low- and middle-income countries. Economic crises, like in Greece, decrease patients' ability to pay for healthcare, emphasizing the influence of economic prosperity on affordability. Balancing cost structures, public procurement, and financial support mechanisms are crucial in determining the affordability of healthcare in different countries, reflecting the intricate relationship between cost and accessibility.
What are the importance of healthcare?5 answersHealthcare plays a crucial role in society by improving health outcomes, preventing diseases, and providing necessary treatments. It is a significant determinant in developing physical, mental, and social wellness, contributing to the overall well-being of individuals and communities. The healthcare industry, especially in countries like India, is a major economic driver, creating employment opportunities and generating revenue at a substantial rate. Efficient healthcare systems not only support human health but also have macroeconomic implications, influencing factors like public finances, economic development, and overall societal well-being. Additionally, healthcare systems are essential for preserving and strengthening individuals' physical and mental health, ensuring long-term active lives through quality medical and preventive care.
What is Competitive Advantage in a company?3 answersA competitive advantage in a company refers to the attribute or mix of elements that allows the company to outperform its competitors in a competitive environment. It can include factors such as access to natural resources, highly skilled labor, geographic location, high entry barriers, and access to new technology. A sustainable competitive advantage is something that a company does better than its competitors for a long period. It can be a company asset, value, quality, or characteristic that others find difficult to reproduce. This advantage factor helps the company stand out in the market and rise above competitors, leading to increased sales, brand awareness, and profitability. Factors that contribute to a company's sustained advantage include resources, variable cost structure, distribution network, customer service, and intellectual property. Strategic customer management is also identified as a crucial capability that can positively affect a company's competitive advantage.
How can a business gain competitive advantage?9 answers
How can an organization achieve competitive advantage?9 answers
What is needed to gain a competitive advantage?9 answers