Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe performance of each hard as well as exploit , including the wellness care persistence , is impacted by outside(prenominal) environmental factors , be they technological , policy-making , competitive , regulatory , social or economic in nature . These factors practice up brats as well as opportunities Threats are factors in the external environment that pose a danger to the well-being of the unattackcapable or sedulousness in question whereas opportunities whitethorn kick the sloshed or application to discover raw(prenominal) markets give spic-and-span 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 faithful or the perseverance faces a little terror when it fails to visit as well as act 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 egress the efficiency of its go and quality of its products (Proctor . Thus , technology consider 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 turn off the speed of its operations or simply shut buck until a period of political stability begins . On the opponent , politics may leave opportunities t o the firm or industry when the political s! ympathies decides to allocate more than its monetary resources to the reformation of the health care systemThe Factor of CompetitionA firm or industry faces a threat when its competitors charge prices that are inflict than its own .

At the resembling time , however , it faces an probability by understanding how its competitors find 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 ordination , such as the Sarbanes-Oxley Act , may force a firm to affix i ts 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 , in that location are regulations that may also present themselves as opportunities . As an example , a regulation that makes health insurance suddenly 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 shake the power to present themselves as threats or opportunities . A threat faces a healthcare firm or industry if it fails to counter or respond to new population trends , e .g . the attack of immigrants with a large number of children . On the other go by , an opportunity is presented when the majority of people...If you want to get a amply essay, order it on our website: OrderCustomPaper.com

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