In our live classes we often come across business managers who pinpoint one problem in the case and build a case study analysis and solution around that singular point. Once refreshed go through the case solution again Quickmedx inc case improve sentence structures and grammar, double check the numbers provided in your analysis and question your recommendations.
My case study strategy involves - Marking out the protagonist and key players in the case study from the very start. It also provides starting ideas as fundamentals often provide insight into some of the aspects that may not be covered in the business case study itself.
Business Unit Level Solution - The case study may put you in a position of a marketing manager of a small brand. When we are writing case study solution we often have details on our screen as well as in our head. Often readers scan through the business case study without having a clear map in mind.
Reading up the HBR fundamentals helps in sketching out business case study analysis and solution roadmap even before you start reading the case study. Like any low-end disruptive business model it is susceptible to risks and instability with lack of benchmark and with its fixed cost structure, it would work Quickmedx inc case with a low price point and high customer volume which QuickMedx did well by targeting customers that did not need to use the full functionality of a big expensive hospital.
How should QuickMedx grow? What is the QuickMedx Business Model? SWOT analysis will also provide a priority list of problem to be solved. Step 8 -Implementation Framework The goal of the business case study Quickmedx inc case not only to identify problems and recommend solutions but also to provide a framework to implement those case study solutions.
Business environments are often complex and require holistic solutions. HBR case studies provide anecdotal instances from managers and employees in the organization to give a feel of real situation on the ground. Often history is provided in the case not only to provide a background to the problem but also provide the scope of the solution that you can write for the case study.
QuickMedx was focused to remain as a pay as you go retail clinic that would provide common illness solutions within in minutes without intending to be a primary healthcare center to treat major illnesses and later on collaborated with insurance companies to increase customer volume.
This low-end disruption eventually undermined long wait times and sales of expensive clinics and hospitals. You can do business case study analysis by following Fern Fort University step by step instructions - Company history is provided in the first half of the case.
For example you can recommend a low cost strategy but the company core competency is design differentiation. Time line also provides an insight into the progressive challenges the company is facing in the case study.
QuickMedx business model is a low-end disruptive business model. Unlike outpatient clinics and emergency care centers, QuickMedx offered a fast and convenient way at low cost to its customers to get treatment for common illnesses such as strep throat, influenza, ear infection, pink eye and seasonal allergies which people had to wait for hours at clinics to get done.
You should try to understand not only the organization but also the industry which the business operates in. Take a small break, grab a cup of coffee or whatever you like, go for a walk or just shoot some hoops. Build a corporate level strategy - organizing your findings and recommendations in a way to answer the larger strategic objective of the firm.
If you able to provide a detailed implementation framework then you have successfully achieved the following objectives - Detailed understanding of the case, Clarity of HBR case study fundamentals, Analyzed case details based on those fundamentals and Developed an ability to prioritize recommendations based on probability of their successful implementation.
Be very slow with this process as rushing through it leads to missing key details.
You can use this history to draw a growth path and illustrate vision, mission and strategic objectives of the organization. The challenges faced by QuickMedx were a hurdle as it for any disruptive technology having characteristics of a new business model and away from the existing norm; they did not have sufficient data to forecast stability for the future.
They had realized the need from the healthcare consumer base so that they could find a way around and introduce this disruptive technology to the market and gain market share to eventually become leaders.
You can use the following strategy to organize the findings and suggestions. The response from consumers was satisfactory with the effective target market being primarily in areas where kiosks located in lower-economic demographic regions.
Case Study Analysis Once you are comfortable with the details and objective of the business case study proceed forward to put some details into the analysis template. Companies that have disruptive innovations or technology usually have characteristics to tend upward in the market with increasing performance targets but QuickMedx was not intending to replace any hospitals by providing treatment for major illnesses.
Implementation framework helps in weeding out non actionable recommendations, resulting in awesome QuickMedx, Inc. SWOT analysis is a strategic tool to map out the strengths, weakness, opportunities and threats that a firm is facing.
The next step is organizing the solution based on the requirement of the case.Quickmedx Inc., Case. Topics: Health care, Strategic management, Marketing Pages: 2 ( words) Published: June 6, Innovative service business models that behave disruptively* in the market and have the opportunity to overtaking existing market leaders in the industry and QuickMedx is a good example of such a disruptive model.
QuickMedx Inc. Case Solution, QuickMedx has a chain of kiosks in drug stores and shopping centers in the Minneapolis area is located, ie. QuickMedx, Inc. is a Harvard Business (HBR) Case Study on Technology & Operations, Fern Fort University provides HBR case study assignment help for just $ Our case solution is based on Case Study Method expertise & our global insights.
Quickmedx Inc., Case Words Jun 17th, 3 Pages Innovative service business models that behave disruptively* in the market and have the opportunity to overtaking existing market leaders in the industry and QuickMedx is a good example of such a disruptive model. QuickMedx, Inc. owns several kiosks situated in drugstores and shopping centers in the Minneapolis area.
It provides limited services to people with simple primary care needs. In these kiosks, the service is quick, making patients wait for merely a few minutes before being attended to. Quickmedx Company – Study Case.
Innovative service business models that behave disruptively in the market and have the opportunity to overtaking existing market leaders in the industry and QuickMedx is a good example of such a disruptive model.Download