Explain how you would integrate the current external environment factors in the health industry. Translate your interpretation into a critical list of action items for a health organization. Develop this list for the organization in terms of a strategic plan, directional strategies, external and internal environment, organizational culture, and any other factors that you deem important for organizational positioning and survival.
Expert Solution Preview
To integrate the external environment factors in the health industry is a challenging task. However, it is essential to consider these factors when developing a strategic plan for an organization in this sector. The external environment includes political, technological, environmental, legal, and social factors that can impact the health industry.
Action Items for a Health Organization:
1. Conduct a PESTLE analysis: The organization should conduct a PESTLE analysis to identify the external factors that can impact the health industry. PESTLE stands for political, economic, social, technological, legal, and environmental factors.
2. Develop a strategic plan: Based on the PESTLE analysis, the organization should develop a strategic plan that outlines the direction and goals of the organization.
3. Collaborate with stakeholders: Collaboration with stakeholders, including patients, healthcare providers, and policymakers, is essential to position the organization for success.
4. Implement technological advances: The healthcare industry is continuously evolving with technological advances. Therefore, the organization should invest in technology, such as telemedicine, electronic health records, and artificial intelligence.
5. Develop a strong organizational culture: The culture of an organization can significantly impact its success. Therefore, the organization should strive to create a culture that aligns with its mission and values.
6. Hire and retain top talent: The organization should hire and retain top talent to maintain its competitiveness in the health industry.
7. Monitor the competition: The organization should continually monitor the competition to stay current with industry trends and improve its services.
In conclusion, to integrate the external environment factors into a health organization’s strategic plan, it is essential to conduct a PESTLE analysis, collaborate with stakeholders, invest in technology, develop a strong organizational culture, hire and retain top talent, and monitor the competition. These action items can position the organization for success and survival in the ever-changing health industry.
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