Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe execution of each hard as well as endeavor , including the wellness care persistence , is impacted by conflicting environmental factors , be they technological , policy-making , competitive , restrictive , social or economic in nature . These factors crop up curses as well as opportunities Threats are factors in the external environment that pose a danger to the upbeat of the unattack satisfactory or sedulousness in question whereas opportunities may kick the sloshed or labor to discover unfinished markets give advanced products and be introduced to new technologies that would enhance its productivity (Hitt , Ireland Hoskisson , 2000The technological FactorProctor (2000 ) writes that [t]echnology i s a rapidly changing variable A health care unswerving or the diligence faces a menace when it fails to visit as well as oppose 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 growth the efficiency of its go and quality of its products (Proctor . Thus , technology unloosen 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 drop the speed of its operations or simply shut cut out until a period of political stability begins . On the reversal , politics may leave opportunities to the firm or industry when the politica l sympathies decides to allocate more than ! 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 aforementioned(prenominal) time , however , it faces an probability by understanding how its competitors drive 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 regulating , such as the Sarbanes-Oxley Act , may force a firm to affix 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 perfectly 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 know the power to present themselves as threats or opportunities . A threat faces a healthcare firm or industry if it fails to scream or respond to new population trends , e .g . the attack of immigrants with a large number of children . On the other communicate , an opportunity is presented when the majority of people...If you want to get a honorable essay, order it on our website: OrderCustomPaper.com

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