What electronic communication strategies are used at your organization to communicate with patients? Based on your organization’s HIPAA policy, how is patient privacy and confidentiality protected?
ining power of the customers: The bargaining power of customer is high because customers can easily switch to another performing arts school to them. As the customers enrol on monthly basis for their lesson, there is no binding agreement after the enrolment date. Threats of new entrants: The threat of new entrants is very high. It does not take high investment and rare skill to run the programme similar to this. Intensity of competition/rivalry: The threat of competition or rivalry is high. There are many such institutions which run similar programme. Dream academy do not offer any special programme which could allow them to differentiate themselves form their competitors and charge higher price. The price charged by all of the institutions are relatively similar. Capabilities of Dream Academy Performing arts: Internal capabilities analysis using VRIO framework: The definition for resources is where human, financial, physical and knowledge factors enables the firm to perform their business process (Anon., n.d.). The resources used by Dream Academy can be tangible and intangible, a tangible resource is something that is fixed such as the land or the building, where it is placed and the position it is in. an intangible resource is human knowledge and their skill, their reputation or brand that they stand for and how innovative they are. Core Competencies: It is a unique ability a company possess which cannot be imitated. Core competencies are what gives the company its advantages in delivering value to the customer in the chosen field, this can also be called core capabilities (Anon., n.d.) They provide competitive advantage to the company, these include copying brand name, products or services and distribution channels. The definition for capabilities is to measure the ability of department, >GET ANSWER