The life cycle of any product or service is key in the development of a marketing strategy. As corporate goals or consumer interests change, so will products or services. External to an organization will also be the impact of technological advancements and regulatory changes on product and service development and life cycle. Conduct an internet search for “BCG Growth-Share Matrix” and GE/McKinsey Nine Cell Matrix” and learn how these tools are used to build strategic plans. Write a 3 page paper that explains how BCG Growth-Share Matrices and GE/McKinsey Nine Cell Matrices are used in the health care industry to build strategic plans and how marketing can use them in the creation of marketing plans and communicating to their audience and service/product lines. Cite at least 4 reputable references to support your assignment (e.g., trade or industry publications, government or agency websites, scholarly works, or other sources of similar quality). Read the following materials: ″How Competitive Forces Shape Strategy from Harvard Business Review https://hbr.org/1979/03/how-competitive-forces-shape-strategy ″Competition in Healthcare: Good, Bad or Ugly?″ from the National Center for Biotechnology Information (NCBI) https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4556571/ ″Competitive Markets in Health Care: The Next Revolution″ from The Heritage Foundation http://www.heritage.org/health-care-reform/report/competitive-markets-health-care-the-next-revolution https://library.phoenix.edu/MHA506r1/w3 from Express Healthcare https://library.phoenix.edu/MHA506r1/w3 from the International Journal of Pharmaceutical and Healthcare https://library.phoenix.edu/MHA506r1/w3
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BCG Growth-Share Matrix and GE/McKinsey Nine Cell Matrix was first posted on March 27, 2020 at 7:21 pm.
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