The hardware stores who buy at small quantities will perform resale at a marked up price to end users such as plumbers, small contractors, and others. The large hardware stores who buy in large quantities would normally have a chain of smaller stores around the nation. They would sell to their chain outlets at a marked up price as well and the cycle continues (See Appendix U for price comparison). There are cases of some end users going directly to the manufacturers to gain a cheaper price or manufacturers trying to steal market share away from the reselling hardware stores.
However, it is not beneficial to the manufacturers should they cheat. This is because the hardware stores have a significant buyer power towards the manufacturers. Should the end user go directly to the manufacturer, the manufacturer must charge higher than hardware shop selling price. This is because if they lower it, and should the hardware store finds out, the supplier might lose the hardware store as a customer. As mentioned earlier, hardware stores are the major buyers so a good relationship must be kept with them. With that said, the market described seems to be a monopolistic competition.
This is because there are many firms in the market, due to the low entry level, which makes the price competitive and the demand relatively elastic. There is product differentiation and some level of capital is required. Most importantly, firms are able to achieve some level of price control. The hardware stores control the price towards manufacturers and end users, but to an extent only. This is because if the hardware stores are also competing amongst themselves. With that, the price will not be too controlled by them.
The above mentioned scenario can be modelled as equilibrium between supply (manufacturer) and demand (hardware stores) (See Appendix V). This fixes the price at some level which benefits both parties at the equilibrium. A good example to how the leading firms strategise to compete in the market can be found in Appendix V. 6. 0 Substitutes In this industry, there are many ready substitutes against plastic pipes. Examples are either plastic materials (PP, PVC, ABS, etc. ) or conventional pipe materials (steel, ductile iron, concrete, etc. ). Long before the age of plastic pipes, conventional materials were used for piping.
So it can be said that plastic pipes are actually the substitutes of conventional piping materials. The main problem behind conventional materials is that they are not long lasting and will corrode in a short period of time. They are also brittle and failure can occur very suddenly. The main difference between plastic piping and conventional piping is the installation methods. Because conventional materials are not so delicate (steel, concrete, etc. ), they are easily installed (See Appendix W, Hong L. K. , 2011). However, plastic pipes are very fragile and flexible and can easily deflect if not handled with care.
In terms of pricing, plastic pipes are actually more expensive than conventional pipes. However, the difference is seen over time, because conventional materials fail after a short period of time, whereas plastic pipes can last up to 30 years or more depending on design (Spirolite (M) Sdn. Bhd. , 2002). So in the end, the substitute products’ power varies depending on application. 7. 0 Conclusion Based on the 5 different factors of the plastic pipe manufacturing industry, it can be seen that each factor affects the industry in a different manner, depending on what sector in the plastic pipe industry it is aiming for.
There are many internal markets within the plastic pipe manufacturing industry, as firms produce similar products of the same grade and standard. The pipe can be product differentiated using different materials, or produced in a different size. However, there exists some barrier of entry as some machines (large diameter) are relatively more expensive in terms of fixed cost, and requires a bigger capital to enter. The important input to the industry is the raw material, where the amount of suppliers is little, giving the supplier much pricing power.
Organizational Risk Management Interview
Organizational Risk Management Interview.
Organizational Risk Management Interview
Paper details
Select a health care organization in your community to conduct an interview with an appropriate risk management employee. The organization can be your current employer, or a different health care facility in your community. Acute care, urgent care, large multi-provider private medical clinics, assisted living facilities, and community/public health clinical facilities are all ideal options to complete the requirements of this assignment. Make sure to select an individual who can provide sufficient information regarding how that organization manages risk within its facility to answer the questions below. In your interview, address the following: Identification of the challenges the organization faces in controlling infectious diseases. Risk management strategies used in the organization’s infection control program, along with specific examples. How the facility’s educational risk management program addresses key professional issues, such as prevention of negligence, malpractice litigation, and vicarious liability. Policies the facility has implemented that address managing emergency triage in high-risk areas of health care service delivery. Strategies the facility utilizes to monitor and maintain its risk management program. Post-interview, compose a 750-1,000 word summary analysis of the interview to include the questions above as well as the following elements: A brief assessment of the organization’s risk management program, including what works well and what could work better (the pros and cons). Action steps you would take to improve the program. Select one area and provide your rationale and possible steps required to implement your suggestion. Cite appropriate references as needed to support your statements and rationale. I live in New York and the place I would like the interview to be about is New York Presbyterian hospital. The persons name who I would “interview” is Lianna Maggio she is a Physician assistant with bone marrow transplant. please read the paper details and the rubric for this assignment. Also please make sure everything is cited APA style. I also have a credit for an advanced writer.
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