Essay about Four Market Analysis

The healthcare system in America started as a predominantly volunteer system where patients were required to pay little to nothing for treatment. Since it began, the healthcare industry has seen tremendous changes that have transformed it into a business entity which has operations like financial management, strategic planning and functional specialties to keep the industry viable. The industry is one of the largest in the country employing 15 million people with a projected increase of jobs with 3 million jobs annually. As the healthcare industry continues growing, services and personnel are changing, and various dynamics are coming into play to accommodate changes (Smith, Saunders, Stuckhardt, & McGinnis, 2013).

In a recent TNA meeting, held on September 11, 2014 at Lincoln Memorial University, members discussed many factors that enhance the workplace environment as well as many ways to help deliver excellent care in the most

The Marylhurst Healthcare MBA program and 26 years of work experience in the healthcare industry will enable me to help others find and receive affordable quality healthcare. Even though, we have Obama Care people are complaining that they cannot receive quality medical care at affordable prices. In some cases, they are going without medical treatment because they cannot afford the co-pays. In addition, some people want to obtain natural healthcare and most insurance companies will not cover important naturopathy testing. It is this that has inspired me to learning the business aspect of running a hospital and using this knowledge to become a healthcare advocate.

According to Alfaro, Chanda, Kalemli-Ozcan, & Sayek (2004) stock markets play a vital role as they allow investors to buy and sell shares in publicly traded companies. They are one of the most vital areas of a market economy as they provide companies with access to capital and investors with a slice of ownership in the company and the potential of gains based on the company 's future performance.

The issue with many companies today is that their organizations put tremendous effort into attracting employees to their company. The process of attracting and retaining profitable employees, as it is increasingly more competitive between firms and of strategic importance, has come to be known as the war for talent.

Staffing; healthcare organizations struggle to attract and retain workers. (2005) Science Letter, 1537. Retrieved from

In 1998, the Massachusetts General Orthopedic Associates (MGOA), a specialized unit within Massachusetts General Hospital (MGH), hired Dr. Harry Rubash and Dr. James Herndon, respectively, to help to remedy the annual financial deficits, which were “financed” by dipping into endowment and borrowings from MGH. These financial deficits have been continually getting into MGOA’s mission of providing high-quality patient care, research, and teaching (Barro 3). In the immediate months after accepting their positions of leadership, both Rubash and Herndon steered the hospital into the green turning a modest profit. However, it was clear that their new initiatives wouldn’t be viable for the long term. To do so, Rubash and Herndon proposed a new physician compensation plan. This plan included a development fund tax, a bonus, in addition to periodic adjustments to a base salary based on individual physician performance in regards to how profitable the physician was for MGOA. Initial physicians’ reaction to the proposed plan varied, however, if the case study was an indication, Rubash and Herndon were determined to implement their plan.

Shortage of healthcare specialist staff - Demand for health care services is increasing rapidly at the same time that the labor pool for provider specially nurses was flattened. EMC was beginning to experience labor shortages and this was driving up EMC’s cost of operations. Consequently, salaries paid to nurses were rising quickly. Matter of fact, declining reimbursements combined with increasingly exhausting regulation and a shortage of nurses had led to negative operating margins for over half of California hospitals.

XYZ healthcare organization aims to provide continuum long term care services to patients. This, they aim to do with the utmost dignity, respect, individuality and confidentiality. This cannot be realized without a positive work environment where the staffs are able to deliver good medicine to the patients. For the staffs to feel good about where they work, what they do, and how they do it, they need motivation. One of the principle motivators for the staff is the recognition of money as a critical motivator. This is in line with the provision of long-term care services (Evashwick, 2005). Finally, it is the staff that will play a tremendously huge role in realizing that the long-term care services are actually provided.

Having the right structure and the right staff in a private or public institution is one of the most clever techniques a CEO, a board or an administrator can do at the moment of managing a Healthcare facility. We live in a business world where companies with good management can grow and fulfill their mission in a short period of time by their good reputation, but also a society where companies not fully developed and without a well-established system can go out of business in a blink of an eye. In this presentation, we will explore how important it is for an institution to have diversity, organization and most important, qualified staff to provide great service to the community. Providing a pleasant atmosphere at the workplace

There are many TV service providers available in the U.S; however there are only two companies that offer services via satellite. Dish operates within the monopolistic competition market. Dish has been in business since the early 1980’s and has gradually worked its way up to become one of the leading satellite provider and innovator of new technology. In 2013 they offer service to over 14 million subscribers nationwide. This market in which it competes is where all firms have some market power, which controls the market price. They produce the same product as Direct TV and no other provider is in the same market. They know all

DABC is one of the biggest clothes manufacturing located in Melbourne, Australia. The first DABC clothes store was established in 1990 in Collingwood under the name AB Clothes with only 4 staffs. After almost 30 years operating, DABC has become one of the fastest growing Australian brands with now over 80 stores throughout Australia and 3 flagship stores located in 3 Melbourne largest shopping centres. DABC has provided the outfit solutions and is famous with its sharp tailoring, top quality, high competitive model and shiny accessories. It is one of the most searched fashion stores for metropolitan men and women.

The Market-Based Management philosophy was developed by Charles Koch and is employed by Koch Industries, the largest privately-held company in the world, according to Forbes magazine. MBM is based on rules of just conduct, economic thinking, and sound mental models which harnesses the dispersed knowledge of employees, just as markets harness knowledge in society. Market-Based Management enables an organization to succeed long term by applying the principles that cause a free society to prosper. Market-Based Management applies concepts and tools posed in the application problems, it allows you to learn experientially by changing input values to see how different situations impact performance, and also teaches to perform

America is shifting to a completely digital economy. The modern and innovative market relies on improvements to be made to stay fresh and new. This shift makes sense as so much of our lives have become digital. Our homes’ appliances can be turned on and off on our phones, our credit cards can be scanned from our phones, typing is a corner stone application in public schools. However, the push to digitize your wallet is a step that may be too risky to undertake in American society. Issues that come from the loss of physical cash must be placed on the scale prior to the transition over. The psychological, social-economic, and the logistical nature of the market and its participants seem to be overlooked for the quest to modernize and presumable efficiently. While some may argue that gradual phasing out of physical currency can promote ease of use and solve economic situations found in the American economy, it is wrong to believe that the logical step is to change the nature of our currency.

a) In a perfect competitive market, the sole determinant of pricing is the market demand and the supply curves. A demand curve refers to the total amount that consumers will pay for their products. The supply curve is the total amount that the producers can actually make to supply to the company at the price they can afford or are willing to pay. Another factor in a perfect competitive market structure is the equilibrium price which is basically when the supply of the market meets the market demand of the consumers. Anther unique feature of a perfect competition market is that it is a price taker. In essence, this means that the company doesn’t have any influence on the price. Again, this can only be caused through a market that has a large number of firms with identical products. (Samuelson and Marks, 2010).