Question Two: Competitive Forces Introduction. The five competitive forces framework was developed by Porter, in which he analyzed and evaluated business and organization competitive strengths that made them attractive in the market. Since then, the Porter analysis has been used by companies in strategizing and analyzing their potential profitability by understanding their macro and microenvironment. Any business needs to analyze these forces in the industry they wish to venture. These competitive forces help in determining the intensity in the market, attractiveness, and viability of that business in a specific sector. While venturing in a business, an investor is supposed to critically analyze threats of new entrants, competition rivalry, determining the power of suppliers, customer’s capabilities and also assess the threat from substitute products. The named factors are the competitive forces that help an investor in deciding their points of strengths, where to improve on their weaknesses through innovation, and also avoiding mistakes. Porters’ five forces are essential in making critical decisions concerning business by determining key areas that need improvement as well as developing a competitive advantage over other firms…
Dazed and Confused – General Education vs. Career Exploration Short term Pursuing a technical certificate and not a college degree presents advantages and disadvantages for Melanie. Technical courses take a shorter duration to graduate more than a degree course. It is also cheap regarding fees paid over the whole course. Technical classes are also smaller than degree courses allowing facilitators to interact with learners more. The technical course allows Melanie to secure employment soon after graduation. She will also work with assistance to help improve her skills. Melanie will start earning sooner before her degree counterparts. She will also have practical knowledge in her field of specialization. Long run Long term effects also have benefits and perils for Melanie. She will have the opportunity to further her education later since she has started earning. It also becomes easier for her to choose the correct path since she has amassed practical knowledge in her career. In the long run, she will have more working experience than her degree counterparts. The long-run also disfavors Melanie in many ways. Her earning will be…
Product Launch and Promotion in the Healthcare profession Product launch and promotion topic was focused on helping students to evaluate priority issues in striking a balance between product sales and ethical thoughts. Also, the topic enabled us to distinguish key product promotion elements besides applying the product life cycle to product launch planning. Throughout this class, I learnt several things that I can utilize in my professional career: Healthcare. Various concepts and terminologies learnt are relevant in my career, and this is shown through the impact they have on my profession, as illustrated in this essay. In this class, I was able to learn the different techniques that one can use to launch new products successfully. In particular, the idea that a good idea would pose minimal or virtually no impact in its target market if it fails to be launched properly triggered interest on how I would wish to offer my services to the patients. I should acquire and update my skills on how I handle patients under my care to ensure that the services I provide meet their…
Psychographics of YouTube Content Creators Technological advancements over the years have facilitated the age of social media, where applications such as YouTube, Instagram, Twitter, and Facebook have been popularized within modern society. These applications enable people to interact socially online, strengthening the social bonds in the community. However, one application is distinct and stands out from the rest due to its functionality. Youtube is different in that people interact socially through videos. There is a wide range of content ranging from music to sport and event highlights. There is also a group of individuals dedicated to creating content on Youtube, referred to as Youtube content creators. In the digital age, Youtube content creation has gradually become an occupation rather than a hobby. Moreover, content creators on Youtube have also become popular in modern society. Their growing sense of popularity may be due to the content they create and share with the public or du to their psychographics. Youtube content creation can be a risky and daunting job, and analyzing the various psychographic attributes of Youtube content creators will enable a…
The Essentials of Coaching and Mentoring Activity 1 Coaching and mentoring are both learning methods that are used to mean different things. However, they both involve helping individuals improve their performance and solving life problems. Coaching is a process that is aimed at invoking a positive influence in an individual to allow improvement, learning, and development. It is meant to provide supportive feedback to improve the performance or behavior of an individual. Coaching is applicable in various life situations, which include; education, sports, life, and business ventures, among other life aspects. The four fundamental concepts of coaching involve the first active goal setting, which provides a foundation for sustainable change. These assist individuals in maintaining focus on areas intended for growth. Secondly, is the understanding of leadership. The concepts are mainly applicable in areas where leadership roles are needed, and executive coaching partner is supposed to support an individual leading to improvement in their skills. Thirdly is the essence of feedback to encourage the achievement of goals. This promotes the continuation of work done as individuals can understand how they…
Marriage and Family therapy Question 1 The critical aspects of the family include that they have recently migrated into the united states from Colombia. The family is facing difficulties in their quest to adapt to the new environment. The context of the problems could be viewed from various angles, including structural, cultural, and ecosystemic considerations. Concerning structural factors, the issues are minimal. However, as a result of the age difference between the girl and her parents, she finds it challenging to communicate to her parents about the problems she faces in ger new schools in a way that they would efficiently understand. The culture is associated with the factor of leaving their original cultures to which they are well vast to a new culture to which they have very minimal knowledge. The problem that they experience concerns the ability to adapt to the new culture. The exosystemic context of the issues is on being able to adjust to the unique ecosystem presented by the new environment and climatic conditions. The mother and father are at the adult stage of their…
Effective Control Systems Today, the management’s role in business is increasingly shifting towards developing strategies that focus on enhancing employee productivity. Employee productivity is crucial for the success of an organization. In simple terms, productivity in the workplace environment helps companies to increase and utilize the capacity of their human resources at their disposal. Managers employ performance systems to monitor and control the employee’s job (DuBrin, 2011). In modern times, human resource management has relentlessly transformed incredibly, especially in corporations that are going global because of the aggregate demand to hire and retain the industrious workforce. Background of the Company Since its inception in 1940, McDonald’s has expanded its scope of business to become the most valuable brand globally. The company operates franchised restaurants, whereby over 80 percent of these restaurants are owned and operated by independent franchisees. In its operations, the firm cultivates an organizational culture that fosters effective customer service delivery. Conversely, the firm’s activities are efficiently coordinated to ensure high-speed customer service. For example, the minimum time to provide a product to the consumer ranges from 1…
– Resourcing Talent Organisational success depends on having the right skill mix and realising the benefits of attracting and retaining a diverse workforce proactively and in accordance with relevant legislation. This unit provides an introduction to the resourcing and talent planning process and the factors that impact on an organisation’s resourcing and talent planning activities. Additionally, the unit explores the relationship between recruitment and selection by identifying the key stages in each separate but related process with a view to develop knowledge and skills in the key areas of defining and writing job descriptions; contributing to the job advertisement process; short-listing; conducting face–to-face or telephone interviews; and contributing to job offer and rejection letters. Finally, the unit is concerned with identifying good practice in inducting and retaining employees through an effective ‘onboarding’ process. The learning outcomes for this unit are that you will: be able to explain the factors that affect an organisation’s talent planning, recruitment and selection policy; be able to identify appropriate recruitment and selection methods; be able to contribute to the recruitment and selection…
Duties of Paramedics Paramedics assist in saving lives by stabilizing and transporting people who have sustained injuries in an accident, or who have critical medical conditions such as heart attack or stroke. In other words, paramedics are usually the first people to respond, and they offer advanced emergency medical care to patients. A 911 operator sends EMTs and paramedics to the area of an emergency. In some severe incidences, such as road accidents, the collapse of building and events of fire, the paramedics work together with the police and fire marshals. After the response, the paramedics examine the communicate their observation on the scene and at the time of transporting to the medics at a hospital. The employment perspective required is expected to be healthy. The paramedics give a quick response to emergency calls and undertake life-saving procedures both at the scene and while transporting the patients. While conducting this, the paramedics also administer intravenous medications and advanced treatments by offering safe first aid treatment. Paramedics can interpret electrocardiograms and use other complicated equipment in monitoring the hearts function. The…
How might the development of personal health records change the role of HIM professionals who work for healthcare organizations? Health information management is an essential aspect in the medical care fraternity that ensures proper administration of patient information that is necessary for discharging quality services. The development of personal health records will strengthen the roles of professionals in the system by offering electronic storage and access to information. The reduction of paperwork in health records will also improve the execution of access, integrity, and privacy measures required to safeguard patient data. Health information management is influenced by various factors, such as the inevitable risks of hacking that directly affect service delivery in medical institutions. The advancement of technology to autonomous systems and the development of precision systems such as and robotics surgeries and patient monitoring systems also redefine the role of health information systems. These elements force HIM professionals to react to these elements to ensure real-time safeguards to access and availability at the right time and to the patient (Zeng et al., 2009). What types of personal health record…