Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe penalise of each hard as well as driving force , including the wellness care persistence , is impacted by strange environmental factors , be they technological , policy-making , competitive , restrictive , social or economic in nature . These factors ready up affrights as well as opportunities Threats are factors in the external environment that pose a danger to the benefit of the unattack fit or sedulousness in question whereas opportunities whitethorn kick the sloshed or labor to discover unfinished markets give peeled products and be introduced to new technologies that would enhance its productivity (Hitt , Ireland Hoskisson , 2000The technological FactorProctor (2000 ) writes that [t]echnology is a rapidly changing variable A health care squiffy or the constancy faces a nemesis when it fails to visit as well as react to new technological trends . By lagging behind in the adoption of new technologies , the firm or industry faces the dangers of inefficiency . On the different paw , by employing new technologies the firm or industry may be able to introduce new products or work as well as step forward the efficiency of its go and quality of its products (Proctor . Thus , technology patch overs opportunities as wellThe Political FactorCertainly , semipolitical instability in a nation has the power to defecate great harm to the firm or health care industry . This threat includes the dangers of violent revolutions in a country - forcing the firm or industry to crucify the speed of its operations or simply shut tear until a period of political stability begins . On the turnaround , politics may leave opportunities to the firm or industry when the polit ical sympathies decides to allocate more th! an 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 inflict than its own .

At the kindred time , however , it faces an probability by understanding how its competitors build managed to reduce their costs of output signal to be able to charge lower prices . Thus , the firm or industry may add-on its efficiency by imitating the production methods of its competitorsThe restrictive FactorA new order , such as the Sarbanes-Oxley Act , may force a firm to affix its spending on necessary document ation to present the government . Although a regulation may present itself as a threat by forcing the firm or industry to increase its costs , on that point are regulations that may also present themselves as opportunities . As an example , a regulation that makes health insurance utterly free for all citizens of the United States would take on the healthcare firm or industry to experience an increase in the number of customersThe Social FactorTrends in society withal take a crap the power to present themselves as threats or opportunities . A threat faces a healthcare firm or industry if it fails to portend or respond to new population trends , e .g . the blast of immigrants with a large number of children . On the other mitt , an opportunity is presented when the majority of people...If you want to get a complete essay, order it on our website: OrderCustomPaper.com

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