Entrepreneurial Opportunities in the Healthcare Industry 1-Describe a healthcare
ID: 137274 • Letter: E
Question
Entrepreneurial Opportunities in the Healthcare Industry
1-Describe a healthcare product and/or service that you think would be marketable in an international market of your choice.
2-How would you go about ensuring that intellectual property and other legal issues are addressed when introducing this product into the selected market?
Support your answer with an example Your essay should be 1-2pages in length and follow APA formatting and citation.
Your textbook may be used as a reference. Your essay should be 2 pages in length and follow APA formatting and citation. '
Your textbook may be used as a Reference. The APA format for your text is as follows:
Hisrich, R., Peters, M., & Shepherd, D. (2017). Entrepreneurship (10th ed.). New York, NY: McGraw Hill.
Explanation / Answer
1,entrepreneuner will apparently come across distinctive challenges in the new condition..entrepreneuers advantageous chance in health care different in decision-making practice under interpretation and besides information one-sidedness..
Health care services such as Health,environmental health,mood disorder,health care mangement,health outcomes,travel medicine,healthcare policy,health care information Technology,adolescent Health and Medicine,child health,social health,Travel medicne clinic..health care products in technological innovation focused with current technology in the medical field..To successful place of health care products in the market,product growth must advance with market,marketable and regulatory issues advance..
2, Planning is important for international market bussiness..the new products/services that must be compared with at least three competitve product/service..entrepreneur must carefully examine the idea is nuique for successful market..Economic,political and legal analysis of the Trading country economic information important to sell the products and must evaluate the level of foreign investment in that country..the trading country's governmental structure and stability and how the governement regulates trade and private business..Laws can affect the service/product such as labor laws and trade laws..
1, value oriented framework:this analyses ethical issues in marketing on the values on which they infringe..example;responsibility,respect,honesty..2,American marketing Association ethics for process-oriented framework:this will analyses ethical issues process used bt marketers..example; Market research,price,promotion3,stakeholder-oriented framework; this will analyses ethical issues on the basis who is suffered by them..example; society,consumers,environment,competitors etc..Marketers change from framework to framework depending on the situation..Privacy issues in market can be free market and consumer protection
References:
Marketing(n.d)www.boudless.com Retrived on 25th february,2014 from www.boundless.com/marketing
Healthcare;current reviews http://www.omicsonline.org/health-care-reviews.php
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