Healthcare has to identify the cultural changes and adapt them for the hybrid marketing strategy in order to develop strong marketing plans. It is important to work within useful limits to achieve and implement the process to achieve the task (Smith, 2004). Market culture is a corporate culture that highlights the competitiveness between the organizations, market competitors and among employees. It is important to understand the quality of medical marketing strategy, understand the strengths and weaknesses, and provide recommendations to vendors to improve the strategy (Reich, …show more content…
The purpose of market impact includes factors like business, relative market share, and market entry barriers. Creating an important market power involves taking the customers out of the “market” and incorporates them as an essential part of the business. By understanding the key elements during business implementation: analysis of systems, competition, policy, and antitrust laws a successful market analysis will be assured (Achrol, & Gundlach, 2014). A SWOT analysis is very important in a business plan to identify the strengths, weakness, opportunities, and threats from internal and external features. This data provides a better understanding about the organizations strength and weakness, identify the competitors, market status and progress, and also identify the customers’ interest to motivate them to accept the service for the success of the business and this provides value to stakeholders (Moseley,