Business plan political factors and healthcare

Recent political and economic developments and associated changes in the practice and delivery of health and social care have led managers and professionals to recognise the importance and links between problem solving and decision-making skills.

Business plan political factors and healthcare

Some approaches will add in extra factors, such as International, or remove some to reduce it to PEST.

business plan political factors and healthcare

However, these are all merely variations on a theme. The important principle is identifying the key factors from the wider, uncontrollable external environment that might affect the organization The PESTLE Factors We start with the Political forces.

First of all, political factors refer to the stability of the political environment and the attitudes of political parties or movements. This may manifest in government influence on tax policies, or government involvement in trading agreements.

The difference between Political and Legal factors is that Political refers to attitudes and approaches, whereas Legal factors are those which have become law and regulations.

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Legal needs to be complied with whereas Political may represent influences, restrictions or opportunities, but they are not mandatory.

Economic factors represent the wider economy so may include economic growth rates, levels of employment and unemployment, costs of raw materials such as energy, petrol and steel, interest rates and monetary policies, exchange rates and inflation rates.

These may also vary from one country to another. Socio-cultural factors represent the culture of the society that an organization operates within.

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They may include demographics, age distribution, population growth rates, level of education, distribution of wealth and social classes, living conditions and lifestyle.

Technological factors refer to the rate of new inventions and development, changes in information and mobile technology, changes in internet and e-commerce or even mobile commerce, and government spending on research.

There is often a tendency to focus Technological developments on digital and internet-related areas, but it should also include materials development and new methods of manufacture, distribution and logistics.

Environmental impacts can include issues such as limited natural resources, waste disposal and recycling procedures. Additional Considerations A newer force which is gaining in importance is ethics. These can be defined by the set of moral principles and values that govern the actions and decisions of an individual or group.

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Ethics and morals serve as guidelines on how to act rightly and justly when individuals are faced with moral dilemmas. This force could include corporate social responsibility, fair trade, affiliation between corporations and charities.

A particular problem may exist with how ethical factors relates to legal forces as they may be at different stages in development. Something may be ethical but not protected by law, whereas otheractivities may not be ethical, but are legal.

On an international basis, it is best to perform the analysis on a country-by-country basis because factors can differ greatly between countries or even regions.Economic factors that commonly affect businesses include consumer confidence, employment, interest rates and inflation.

Consumer Confidence Consumer confidence is an economic indicator that measures overall consumer optimism about the state of the economy. Factors that influence health: An introduction This free course is available to start right now. Review the full course description and key learning outcomes and create an account and enrol if you want a free statement of participation.

The Factors Affecting on the Risk Management of the Travel Agencies Shahnaznayebzadeh Department of Management, Yazd Branch, Islamic Azad University, Yazd, Iran The historical samples include the political factors, instability and war, health threats and There is a positive significant relationship between business factors and risk.

Popular 'Economics, Politics, & Society' Terms

Strategic Goal 1: Reform, Strengthen, and Modernize the Nation’s Healthcare System Strategic Objective Promote affordable healthcare, while balancing spending on premiums, deductibles, and out-of-pocket costs. How Seasonal Factors Can Influence Your Business By Ada Ivanova on August 8th, Freelance The four seasons of the year might not affect your business directly, unless you are a farmer, but more or less seasonal factors play a role for every kind of business.

Legal factors affecting business include all regulatory and law determinants that can negatively or positively affect results of market actions and decisions of management of company functioning in particular country.

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