healthcare.digital December 26, 2024
Exec Summary:
The Value Net framework is a strategic tool that expands on Porter’s 5 Forces by incorporating the concept of “complementors.” While Porter’s 5 Forces primarily focuses on competitive threats, the Value Net emphasises both competitive and cooperative relationships within an industry.
The Value Net Framework highlights the importance of complementors, those who enhance the value of your product or service to customers. In HealthTech, strategic partnerships with complementors can unlock significant growth opportunities.
The Value Net Framework, a strategic tool for analysing business ecosystems, can be effectively applied to the HealthTech sector to understand the complex interplay of players and their value creation.
Key Components of the Value Net Framework:
Customers: End-users of HealthTech products and...
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