Question: using the Five forces Model, describe how hard/easy it would be to recruit customers if were a new nursing coming into this service area Five

using the Five forces Model, describe how

using the Five forces Model, describe how hard/easy it would be to recruit customers if were a new nursing coming into this service area

Five Forces Exercise: Consider the model and the data for analysis. Potential Entrants Threat of New Entrants Bargaining Power of Suppliers Industry Competitors Bargaining Power of Buyers Suppliers Buyers Rivalry among existing firms Threat of Substitute Products or Service Substitutes The nursing home competitive market in Poughkeepsie, NY Industry competitors: Five nursing homes with 1200 nursing home beds Potential new entrants: one or two possible new nursing homes Buyers: The hospitals discharge 960 individuals to nursing homes annually. Substitutes: 600 substitute beds (assisted living, independent living) and 100 community alternatives (medical model adult day care) Suppliers: There is one lab There are two major physician groups serving the community Focus

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