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Stanford Medical Center

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The practice of co-branding is a relatively new technique utilized in the health care industry, which applies when one organization markets its name alongside another brand name. In this example of co-branding, the government of Vietnam wants to create an affiliation with Stanford Medical Center and its major national hospital in Saigon. This venture would include sending clinicians over to Vietnam to monitor, train and help and monitor its quality programs. In this situation, the Vietnamese hospital is looking to gain benefit from the Stanford Medical Center in what can be termed the “halo of affection” that belongs belong to the well-know and well-respected academic medical center. The Stanford Medical Center brand managers should be …show more content…

First, this will allow the Stanford Medical Center access to a new market, which they may have found particularly difficult to enter alone, so this will be beneficial to the medical center, and also gives them an opportunity to explore new emerging Asian markets, just as the other well-respected medical center’s have already been …show more content…

The Vietnamese government also wants to continue to improve and develop more sophisticated business practices to develop itself as a medical tourism center, but could possibly run into problems with medications that are counterfeit or corruption within the facility, which could ultimately reflect negatively on the well-known and well-respected academic medical centers brand name with people coming in from all over the world to receive treatments in Vietnams facility. Another factor that the Stanford Medical Center must consider before taking on this joint venture, is the fact that the ultimate purpose of entering a co-branding situation, the whole should be greater than the sum of the parts and to an extent, they will be relying on the Vietnamese hospitals brand equity, which, could make the Stanford Medical Center appear weak or secondary in the host country.22 The approach used by Johns Hopkins Medicine was a conservative approach that is similar to the situation with the Stanford Medical Center, in which, Stanford will be able to further its mission of promoting more effective and compassionate care around the world as well as attract international students to its university and enhance its name. If the reputation of the Stanford Medical Center grows and flourishes, as will the numbers of referrals for patients to use the

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