The Considerations and Reasoning Behind Licensing

Both potential and existing competitors influence average industry profitability. The threat of new entrants is usually based on the market entry barriers. They can take diverse forms and are used to prevent an influx of firms into an industry whenever profits, adjusted for the cost of capital, rise above zero. In contrast, entry barriers exist whenever it is difficult or not economically feasible for an outsider to replicate the incumbents’ position (Porter, 1980b; Sanderson, 1998) The most common forms of entry barriers, except intrinsic physical or legal obstacles, are as follows:

The Organization for Economic Cooperation and Development (OECD) defines anti-competitive practices as the many ways firms restrict inter-firm competition to maintain or to increase their relative market position and profits without necessarily providing goods and services at a lower price or at a higher quality. The American Federal Trade Commission states that anti-competitive practices include activities such as price fixing, group boycotts and exclusionary exclusive dealings. These activities are generally grouped as agreements between competitors (horizontal conduct) and monopolization (single firm conduct).

Under the mutual recognition model, ¡°Both the state of residence and the remote state may take action to limit or stop the practice of an incompetent or unethical nurse.¡± (Ginny2006). Suppose a nurse is negligent in carrying out her duty by failing to monitoring the worsening condition of a patient and patient died as a result, both the home state and the remote state retain the power to investigate and

Threat of new entrants: Intensified price competition as new entrants sought their share of mature market had negative effect. However, high capital requirements positively affect Ford Motor Company. High capital was allocated for research and development which was and advantage against new entrants.

If you’re a resident or a common traveler into Minnesota for hunting or fishing, you better pay attention. Minnesota, Land of 10,000 Lakes and hunting paradise, is going to see a change to licensing prices and recreational expenses in order to maintain services to better the state’s environmental health. The state will see increases in categories such as boating, snowmobiles, hunting, fishing, and many more licensing.

Licensure is when a person has shown competency in a field of study and has earned the right to become licensed in that line of work. For example when a person wants to become a Physicians Assistant they will take an exam at the conclusion of their higher education to become certified. If they pass their exam they will have earned the right to be a certified (or licensed) physician assistant and be rewarded with the credentials, PA-C (Physician Assistant-Certified) and will be allowed to work in a medical setting under this title.

I guess this would depend on what type of licensing or certification you are referring to. Is this healthcare licenses needed for clinical staff, information technology licenses, or a more specific HIT licensing? Individuals in the HIT industry come from a variety of backgrounds. Some individuals, such as myself, come from a clinical background which may require licenses or certification to practice. Licensing demonstrates that these individuals have clinical knowledge that can be invaluable in the design, development, validation, education and deployment of these systems since they understand the workflows and processes used to provide patient care. Therefore, these licenses should be maintained, often requiring continuing education, even if an individual works in a non-clinical area.

As the License Certificate holder, Ms. Eneva is responsible to ensure full compliance with the Real Estate rules and regulations pertaining to the accuracy of the licensing broker reflected on the NMLS. Furthermore, we will not be held responsible or liable in any way for misrepresentation, noncompliance, or the failure to remove Guild as corresponding licensing

Internal stakeholders, investors should know going into the business the assumed cost of licensing and accreditation. Also, working within the system of the government to exact laws changing the rules regarding telemedicine, for example doctors can only practice in the state they reside in or for each hospital the doctor is affiliated with they must have a license for that hospital (Tangorra, 2015). If you are affiliated with 25 hospitals you will need 25 licenses. Therefore, the proper resources must be set aside or addressed regarding how each telehealth care worker must have the appropriate accreditation for telemedicine regardless of their regular medical training.

Careful consideration is required. Recommendation is that Mobike can go for 2nd option, through licensing in core technologies that lack of. This is basing on the strong financial status that Mobike currently have. They might want to consider

“In the earliest phases of its build out; however, an infrastructural technology can take the form of a proprietary technology. As long as access to the technology is restricted—through physical limitations, intellectual property rights, high costs, or a lack of standards—a company can use it to gain advantages over rivals.” As Laura Acevedo notates in her article Business Benefits of Information Technology, “Companies using a first-movers strategy can use information technology to create new products, distance their products from the existing market or enhance their customer services. Companies that follow a low-cost product strategy can look to information technology solutions to reduce their costs through increased productivity and reduced need for employee overhead.” The contention is that once a technology has evolved from being considered a proprietary technology into an infrastructural technology then the differentiation from one company to the next is inevitably lost.

Threat of New Entrants – The threat of new competitors entering an industry is high when initial

The increasing acceptance of the intellectual property laws by the public culture is somehow related to the ideals of property, control and fear that the benefits from resources out of control may not be significant.

If an industry is profitable, it will become a magnet to attract more competitors looking to do same business with us. If it is easy for these new entrants to enter the market, this poses a threat to the firms already competing in that market. Threat of new entrants is one of the forces that shape the competitive structure of an industry (Marc, 2014). A high threat of entry means new competitors are attracted by the profits of the industry and can enter the industry easily. New competitors entering the marketplace can make the market share and profitability of existing competitors more threaten cause the existing competitor to make some changes to existing product quality or price levels. A high threat of new entrance can make an industry more competitive and decrease profit potential for existing competitors whereas a low high threat of new entrance can make an industry less competitive and increases profit potential for the existing

Despite the multitude of its benefits, licensing also has a number of serious shortcomings. First of all, it often does not fulfill the major purpose of expansion, namely the maximization of