Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe slaying of each pie-eyed as well as fabrication , including the wellness care persistence , is impacted by remote environmental factors , be they scientific , semi governingal , competitive , regulatory , social or economic in nature . These factors testify threats as well as opportunities Threats are factors in the immaterial environment that pose a danger to the well-being of the level or labor in question whereas opportunities whitethorn stand the trustworthy or industry to discover impudently markets come before new products and be introduced to new technologies that would enhance its productivity (Hitt , Ireland Hoskisson , 2000The expert FactorProctor (2000 ) writes that [t]echnology is a rapidly changing variable A health care firm or the industry faces a threat when it fails to yell as well as respond to new technological trends . By lagging behind in the adoption of new technologies , the firm or industry faces the dangers of inefficiency . On the another(prenominal) peck , by employing new technologies the firm or industry may be able to introduce new products or service as well as sum up the efficiency of its go and quality of its products (Proctor . Thus , technology personates opportunities as wellThe Political FactorCertainly , political instability in a nation has the power to go great harm to the firm or healthcare industry . This threat includes the dangers of violent revolutions in a country - forcing the firm or industry to reduce the speed of its operations or simply shut down until a period of political stability begins . On the contrary , politics may drive home opportunities to the firm or industry when the government decides to allocate more(prenominal) its monetary resources to the reformation of the healthcare systemThe Factor of CompetitionA firm or industry faces a threat when its competitors charge prices that are put down than its own .

At the same time , however , it faces an chance by understanding how its competitors have managed to reduce their costs of output signal to be able to charge lower prices . Thus , the firm or industry may sum up its efficiency by imitating the production methods of its competitorsThe Regulatory FactorA new regulation , such as the Sarbanes-Oxley Act , may force a firm to summation its spending on necessary documentation to present the government . Although a regulation may present itself as a threat by forcing the firm or industry to increase its costs , there are regulations that may also present themselves as opportunities . As an example , a regulation that makes health insurance absolutely free for all citizens of the United States would leave the healthcare firm or industry to experience an increase in the number of customersThe Social FactorTrends in society in addition have the power to present themselves as threats or opportunities . A threat faces a healthcare firm or industry if it fails to anticipate or respond to new population trends , e .g . the onrush of immigrants with a large number of children . On the other hand , an opportunity is presented when the majority of people...If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper