have five. The Vanguard by Biomet complete knee system promotes motion and because of the unique design will accommodate almost all patient types. An internal analysis shows that the strengths of Biomet include minimal diversification, allowing heavy focus on the few service lines. Having minimal diversification allows Biomet to spend a great deal of attention on specific products, such as knee or hip replacements. Weaknesses of Biomet are that it financially is not as secure as other competitors, which could impact research dollars for the company. On Biomet’s website, there are spelling errors, which many may not notice. However, a Physician looking at this site would notice the word orthopaedic being misspelled. Currently it is which refers to feet. The correct spelling should be, orthopaedic, spelled, “orthopedic” referring to bones. This is a weakness because it shows improper knowledge of the product market they are serving. When comparing all of the competitors, Stryker markets themselves high above their competition. Stryker claims to have the lowest revision rates, out of six well known companies, Vanguard and DePuy included. Producing highly quality, innovative products, will allow Stryker to remain a very strong competitor for all companies within the Orthopaedic environment. Internal Environment Service Delivery: Strengths Weaknesses The ability to distribute goods Cost of manufacturing Patents FDA regulations Diversity in the market area Lay off of employees Strong Financially Insurance companies
have five. The Vanguard by Biomet complete knee system promotes motion and because of the unique design will accommodate almost all patient types. An internal analysis shows that the strengths of Biomet include minimal diversification, allowing heavy focus on the few service lines. Having minimal diversification allows Biomet to spend a great deal of attention on specific products, such as knee or hip replacements. Weaknesses of Biomet are that it financially is not as secure as other competitors, which could impact research dollars for the company. On Biomet’s website, there are spelling errors, which many may not notice. However, a Physician looking at this site would notice the word orthopaedic being misspelled. Currently it is spelled, “orthopedic” which refers to feet. The correct spelling should be, orthopaedic, referring to bones. This is a weakness because it shows improper knowledge of the product market they are serving. When comparing all of the competitors, Stryker markets themselves high above their competition. Stryker claims to have the lowest revision rates, out of six well known companies, Vanguard and DePuy included. Producing highly quality, innovative products, will allow Stryker to remain a very strong competitor for all companies within the Orthopaedic environment. Internal Environment Service Delivery: Strengths Weaknesses The ability to distribute goods Cost of manufacturing Patents FDA regulations Diversity in the market area Lay off of employees Strong Financially Insurance companies
stryker_final.docx