Question: Please read the last two articles from Michael Porter What is Strategy? by Michael Porter (Porter 1) The Harvard Business Review, November-December 1996, Redefining Competition

Please read the last two articles from Michael Porter What is Strategy? by Michael Porter (Porter 1) The Harvard Business Review, November-December 1996, Redefining Competition in Health Care, by Michael Porter (Porter 2) The Harvard Business Review, June 2004 which describe another way to think about competition and strategy. This is state of the art theory, which is becoming practice. Also reading the attached document that criticizes this concept. Since publishing his book on Value Based Competition, Redefining Health Care, in 2006, Professor Porter has taught his concepts to hospital CEOs, COOs, and CFOs at the Harvard Business School as a week long intensive seminar. Please also read the attached article, which is some of the criticisms related to Porter's concepts.

Key Concepts from the articles are: Value Based/Positive Sum Competition, Zero Sum Competition, competing around medical condition, narrow or broad based strategies, scope/experience/quality outcomes are core principles that we will master.

Define these key concepts, in your own words (no quotes) in two sentences per concept.

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