Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe deed of each staunch as well as intentness , including the wellness c be patience , is impacted by irrelevant environmental factors , be they technological , governing bodyal , competitive , restricting , affable or economic in nature . These factors panorama nemesiss as well as opportunities Threats are factors in the outside environment that pose a danger to the well-being of the pissed or assiduity in question whereas opportunities may scourge the fast or manufacture to discover revolutionary markets put forward cutting products and be introduced to new technologies that would enhance its productivity (Hitt , Ireland Hoskisson , 2000The scientific FactorProctor (2000 ) writes that [t]echno logy is a rapidly changing variable A health care theater or the industry faces a threat when it fails to annunciate as well as respond to new technological trends . By lagging behind in the word meaning of new technologies , the firm or industry faces the dangers of inefficiency . On the former(a) concur , by employing new technologies the firm or industry may be able to introduce new products or execute as well as emergence the efficiency of its operate and quality of its products (Proctor . then , technology portrays opportunities as wellThe Political FactorCertainly , political instability in a nation has the causality to social movement great harm to the firm or healthcare industry . This threat includes the dangers of violent revolutions in a expanse - forcing the firm or industry to reduce the speed of its trading operations or simply shut down until a dot of political stability begins . On the contrary , politics may relegate opportunities to the firm or industry when the government decides! to portion out 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 , unless , 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 law , such as the Sarbanes-Oxley Act , may force a firm to append its spending on necessary reinforcement to save the government . Although a regulation may present itself a s 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 in all 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, hunting lodge it on our website: OrderEssay.net

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