Quotes About Competition

At the most basic level, competition in health care must take place where value is actually created.

Strategy is making trade-offs in competing. The essence of strategy is choosing what not to do.

Strategists should be particularly alert to changes in other industries that may make them attractive substitutes when they were not before p.31

Competition in the current system is at the same time too broad, too narrow, and too local.

Thus a low-cost position protects the firm against all five competitive forces because bargaining can only continue to erode profits until those of the next most efficient competitor are eliminated, and because the less efficient competitors will suffer first in the face of competitive pressures.

For example, in intravenous (IV) solutions and kits for use in hospitals, procedures for attaching solutions to patients differ among competitive products and the hardware for hanging the IV bottles are not compatible. Here switching encounters great resistance from nurses responsible for administering the treatment and requires new investments in hardware.

Consumers will only be able to play a bigger role in their care, and make better choices, if providers and health plans realign competition around patient results and disseminate the relevant information and advice.

How to create competition on results throughout the system, and the kinds of information that need to be measured, analyzed, and disseminated, appear as recurring themes throughout this book.

Moving to value-based competition on results will require significant changes by all system participants, as we have noted. However, the system can, and will, change from within. Each system participant can significantly improve value, and reap the benefits, even if nothing else in the system changes.

The more competitors perceive the prospect of dogged, bitter retaliation to the point of severely hurting everyone's profits, the less likely they are of initiating the chain of events in the first place. This is analogous to the situation in which the robber says, "stick 'em up, I want your money," and the deranged-looking victim says "If you take it, I will explode this bomb and kill us both!

It is the "threat of entry", not whether "entry" actually occurs, that holds down profitability. p.26

Rivalry is especially destructive to profitability if it gravitates solely to price because price competition transfers profits directly from an industry to its customers. P.32

Competition on value must revolve around results. The results that matter are patient outcomes per unit of cost at the medical condition level.

Competing on results requires that results be measured and made widely available. Only by measuring and holding every system participant accountable for results will the performance of the health care system ever be significantly improved.

In essence, the job of the strategist is to understand and cope with competition. P. 25

In wrestling with this dilemma, many countries are loosening government controls and injecting market mechanisms, particularly cost sharing by patients, market pricing of goods and services, and increased competition among insurers and providers. As Pat Cox, former president of the European Parliament, put it in a report to the European Commission, "We should start to explore the power of the market as a way of achieving much better value for money."339

The Luna-Ganymede Race went down in history, and the magnetic sail went down to the fusion thruster. Terranova should never have taken the bet, but it was a matter of pride - and prive loves loss above surrender.

Put any two people together and each will seek ways of feeling superior to the other. If a ship went down in the Pacific and a single sailor managed to swim to a desert island, would he be pleased to see, ten minutes later, another sailor emerging from the surf? Quite possibly - but only if the new arrival accepted that the first man was now a landed aristocrat while he himself was an illegal immigrant.

Kapitalizmin en ba?ar?l? güven numaralar?ndan biri herkesin milyoner olabilece?i yan?lsamas?n? yayabilmesidir. Oysa zirvede sadece birkaç ki?iye yer vard?r ve zirvede yer alabilecek beceriye çok az ki?i sahiptir.

Some day I should like to run a competition to find out the unfunniest clown in Shkespeare. There's a lot of choice from that dreadful lancelot Gobbo to the superlatively unfunny Feste. Nobody can make me believe that even the groundlings laughed at them, unless, as I suspect, the dire lines were enlivened by rude gestures,

Captain of the Slytherin Quidditch team

Himself Holding The Quidditch Cup

Viktor Krum

Polish Lockhart's Trophies