R&L HEALTHCARE ADVISORS1605 Main Street, Suite 905Sarasota, Florida 34236Telephone: 941.316.1101Fax: 941.316.1107
Strategic Alliances between Hospitals are Decorous  Progressively InfluentialMost of the academic research on strategic al...
Upcoming SlideShare
Loading in …5
×

Strategic alliances between hospitals are decorous progressively influential

484 views

Published on

Most of the academic research on strategic alliances has focused on structural characteristics of international alliances in global manufacturing-based industries; many executives are struggling to make strategic alliances work within other contexts.

Published in: Health & Medicine, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
484
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Strategic alliances between hospitals are decorous progressively influential

  1. 1. R&L HEALTHCARE ADVISORS1605 Main Street, Suite 905Sarasota, Florida 34236Telephone: 941.316.1101Fax: 941.316.1107
  2. 2. Strategic Alliances between Hospitals are Decorous Progressively InfluentialMost of the academic research on strategic alliances has focused on structural characteristics of internationalalliances in global manufacturing-based industries; many executives are struggling to make strategic alliances workwithin other contexts.Using insights from the strategic-alliance literature and anecdotes from the healthcare business management, werefocus attention away from the traditional, solitary model of leadership to a shared model of leadership amongthe top executives of the partner organizations. In so doing, we advance three lessons for leaders to predict andexplain strategic alliance success in the healthcare industry. Specifically, these lessons direct attention to topexecutives joint abilities to collaborate from a distance, to focus on creating customer value above all else, and toexperiment and implement innovative ways to compete in the industry with a partner.A key market determinant of alliance formation is the ability of aligning organizations to be viable players in acompetitive market. Strategy researchers argue that a highly competitive product market increases thevulnerability of the firms strategic position by reducing margins and making product differentiation moreproblematic. Firms increasingly engage in cooperative activity to reduce costs, share risks, or develop differentiableproducts and services as product market competition increases Alliances can also increase the legitimacy of firmsin the eyes of potential buyers and suppliers by augmenting firms visibility and touting the perceived advantagesof cooperation. Vertical dependencies among firms can also influence alliance formation. Firms may enter alliancesto reduce the threat of opportunism and small-numbers bargaining between buyers and sellers in a market andwhen needed resources are scarce and concentrated in the hands of a few organizations. Finally, alliances canserve to increase a firms market power by combining the distribution channels and bargaining power of thealliance partners, as well as by exchanging knowledge-based resources concerning partners production processesthat give them competitive advantage over rivals.Hospitals are confronted with competition in their supply and distribution markets. Healthcare constitutes majorpurchasers of hospital services by virtue of their brokering of the flows of premium dollars from employers andgovernmental payers to providers, and their contracting decisions (i.e., which physicians and hospitals to include intheir panels).Now a day’s implements key Strategic alliances in new and improved services and If you confuse about Health careFinancial planning and looking for financial planning advisor then Rlhealthcareadvisors is the best resource for yourneed to be fulfilled. This is providing services for Physician financial planning, healthcare financial planning andadvisor. For More Information just visit site: http://www.rlhealthcareadvisors.com/R&L HEALTHCARE ADVISORS: 1605 Main Street, Suite 905, Sarasota, Florida 34236, Telephone: 941.316.1101

×