Please respond to the following: “Michael Porter’s Five Forces Model”
- Examine the key reasons why intense competition and rivalry characterize the health care industry. Suggest one (1) example to support your rationale.
- Appraise the value and importance of Michael Porter’s Five Forces Model as a tool for facilitating the understanding and addressing of the competition within the health care industry. Provide at least two (2) specific examples of Michael Porter’s Five Forces Model that apply within a health care organization with which you are familiar.