Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe writ of execution of each hard as well as causa , including the wellness care persistence , is impacted by distant environmental factors , be they technological , policy-making , competitive , restrictive , social or economic in nature . These factors model up curses as well as opportunities Threats are factors in the external environment that pose a danger to the social welfare of the unattack open or sedulousness in question whereas opportunities whitethorn kick the sloshed or manufacturing to discover raw(prenominal) markets give refreshing 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 unwaveringly or the intentness faces a bane when it fails to visit as well as resolve 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 whitethorn be able to introduce new products or work as well as appear the efficiency of its go and quality of its products (Proctor . Thus , technology change by reversal overs opportunities as wellThe Political FactorCertainly , semipolitical instability in a nation has the power to defecate 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 tailor the speed of its operations or simply shut pop out until a period of political stability begins . On the opposition , politics may leave opportuniti es to the firm or industry when the politic! al 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 kindred time , however , it faces an probability by understanding how its competitors urinate 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 regulatory FactorA new code , 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 , at that place are regulations that may also present themselves as opportunities . As an example , a regulation that makes health insurance short free for all citizens of the United Stat es would take on the healthcare firm or industry to experience an increase in the number of customersThe Social FactorTrends in society withal eat the power to present themselves as threats or opportunities . A threat faces a healthcare firm or industry if it fails to inhabit or respond to new population trends , e .g . the onrush of immigrants with a large number of children . On the other draw , an opportunity is presented when the majority of people...If you want to get a broad essay, order it on our website: OrderCustomPaper.com

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