Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe work of each staunch as well as application , including the wellness c be patience , is impacted by unlike environmental factors , be they technological , governing bodyal , competitive , inhibitory , neighborly or economic in nature . These factors deliver affrights as well as opportunities Threats are factors in the unconnected environment that pose a danger to the well-being of the steadfast or assiduity in question whereas opportunities whitethorn lay off the fast or constancy to discover revolutionary markets interpret crude products and be introduced to new technologies that would enhance its productivity (Hitt , Ireland Hoskisson , 2000The scientific FactorProctor (2000 ) writes that [t]e chnology is a rapidly changing variable A health care steadfast or the industry faces a threat when it fails to annunciate as well as respond to new technological trends . By lagging behind in the toleration of new technologies , the firm or industry faces the dangers of inefficiency . On the former(a) impose , by employing new technologies the firm or industry whitethorn be able to introduce new products or reply as well as emergence the efficiency of its respond and quality of its products (Proctor . and so , technology portrays opportunities as wellThe Political FactorCertainly , semipolitical instability in a nation has the magnate to social movement great harm to the firm or healthcare industry . This threat includes the dangers of violent revolutions in a landed estate - forcing the firm or industry to reduce the speed of its operations or simply shut down until a extremity of political stability begins . On the contrary , politics may relegate opport unities to the firm or industry when the gov! ernment decides to portion much 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 deject than its own .

At the same time , until now , it faces an luck by understanding how its competitors have managed to reduce their be of merchandise 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 regulating , such as the Sarbanes-Oxley Act , may force a firm to append its spending on necessary financial ba cking to endue 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 totally citizens of the United States would forfeit the healthcare firm or industry to experience an increase in the number of customersThe Social FactorTrends in society in like manner 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 hazard is presented when the majority of people...If you want to get a full essay, lay it on our website: BestEssayCheap.com

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