COMPLETE MICHAEL’S PORTER 5 FORCES STRATEGIES FOR AT LEAST 2 COMPETITORS FOR MD LIVE TELEHEALTH SERVICES (e.g. Doctors on demand, American Well, Teladoc, etc).
• Brief History of the organization.
Michaels Porters Competitive
• Threat of entry.
Time and cost of new entry
Barriers to entry
• Intensity of rivalry
Analysis of most relevant competitors
Assessment of intensity (Higher, Lower)
• Pressure from substitute products
Propensity to substitute the product.
Relative price performance if substitute
Perceived level of product differentiation
• Bargaining power of buyers
Analysis of preference among competitors and organization
Difference between organization and competitors.
Costs of Switching
• Bargaining power of suppliers
Number of suppliers
Focal company’s ability to substitute.
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