Economics, Marketing, And Hr In Healthcare- General Overview
Economics, human resources, and marketing are important concepts to grasp as an individual involved in an administrative position in public health. The success of an administrator is dependent upon the ability to comprehend the relationship amongst the aforementioned topics. The Four P's (Product, Price, Place, and Promotion) of the Social Marketing Theory serve as an excellent model to describe the cyclical nature of economics, human resources, and marketing.
To be a success in promoting a product of any kind, one must first have a clear understanding of the target market. Understanding the demographics of the population you are targeting will help determine if your product is marketable. Once this has been established, the next step is to identify the needs and desires of potential buyers, the size of the market, societal expectations, and to be able to predict future changes which could potentially cause obsolescence.
It is also important to have trust in the product......
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