Analysis Of External Enviroment

RUNNING HEAD : THE EXTERNAL ENVIRONMENTThe External Environment : Threats and OpportunitiesIntroductionThe proceeding of each staunch as well as perseverance , including the wellness c are patience , is impacted by exotic environmental factors , be they technological , governing bodyal , competitive , confining , complaisant or economic in nature . These factors aspect scourges as well as opportunities Threats are factors in the external environment that pose a danger to the well-being of the miserly or assiduity in question whereas opportunities may throw in the towel the fast or constancy to discover revolutionary markets articulate refreshed products and be introduced to new technologies that would enhance its productivity (Hitt , Ireland Hoskisson , 2000The scientific FactorProctor (2000 ) writ es that [t]echnology is a rapidly changing variable A health care hard or the industry faces a threat when it fails to annunciate as well as respond to new technological trends . By lagging behind in the bridal of new technologies , the firm or industry faces the dangers of inefficiency . On the former(a) do , by employing new technologies the firm or industry may be able to introduce new products or work as well as emergence the efficiency of its give ear and quality of its products (Proctor . then , technology portrays opportunities as wellThe Political FactorCertainly , semipolitical instability in a nation has the powerfulness to social movement great harm to the firm or healthcare industry . This threat includes the dangers of violent revolutions in a artless - forcing the firm or industry to reduce the speed of its operations or simply shut down until a distributor point of political stability begins . On the contrary , politics may relegate opportun ities to the firm or industry when the gover! nment decides to each(prenominal)ocate 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 , nonetheless , 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 ruler , such as the Sarbanes-Oxley Act , may force a firm to append its spending on necessary funding to portray the government . Although a reg ulation 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 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 fortune is presented when the majority of people...If you want to get a full essay, target it on our website: OrderEssay.net

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