External and Internal Environmental Analysis on Medtronic's

External and Internal Environmental Analysis on Medtronic
Masters
Essay
Marketing
Pages 5 (1255 words)
Download 0
External and Internal Environmental Analysis on Medtronic's
The company employs 25,000 employees. Despite the company being successful, it has been required to perform strategic analysis to keep up its competitive advantage and avoid its going stale. …

Introduction

External Environment
The Health Care Environment
The most important external environmental factor for Medtronic is government regulation. It is mandatory to comply with their regulations, and the government is involved in setting the quality standards and liability laws. The government in the US has increasingly become involved in health care since the creation of Medicaid and Medicaid in the 60s (Medtronic, 2013). Their implementation started a trend of increased medical spending with Medicare expanding the reimbursement for cardiac defibrillators. This has caused the system to move to a strategy of predict and manage from one of diagnose and treat under initiatives for health care expenditure control. Fortunately for the organization, there seems to have been little accomplishment with chronic diseases like diabetes and obesity increasing, whereas an aging population has ensured that there is a steady demand for their products like defibrillators and vascular tents, which Medtronic and their competitors manufacture (Medtronic, 2013).
Because of the government’s immense power, there is an active attempt to influence it with the American Medical Association having been the most powerful, although this is no longer the case (Medtronic, 2013). The entire health care system has come to be defined by special interests. The government also heavily regulates facility providers with some of Medtronic’s competitors closing down due to decreased profits. ...
Download paper
Not exactly what you need?

Related papers

Internal and External Environmental Analysis: Barnes and Nobles
Throughout the 20th century books represented a huge industry. The market leader in the book industry in the United States is Barnes and Nobles. The purpose of this paper is to analyze the internal and external environments of Barnes and Nobles. Company Profile Barnes and Nobles was founded by its chairman, Leonard Riggio, back in the 1960’s. He began the operation back in the 1960’s when he…
External and internal marketing environment analysis of Nokia
Nokia is the World’s chief mobile communication company, backed by its expertise innovativeness, user friendliness and protected solutions. It’s a well known company having its massive offices worldwide. The giant company whose head quarters are in Finland has spread in various continents with a very large market share globally (Steinbock, 2001, p.375). With its simple organization mission of…
External Analysis of Blackberry
The present 9000 series has extended the capabilities of blackberries (Baldauf and Stair, 180). The series is now able to receive RSS feeds, display full HTML web pages, and other networking abilities. This short paper will deal with the threats and opportunities of the Blackberry Company. Major threats faced by Blackberry The company faces a myriad of threats in which the leading is competition…
internal analysis
Financial Resources and Analysis The financial resource of a company is the money available to the company in the form of cash, cash equivalents, credit lines and liquid securities. An entrepreneur needs to have sufficient amount of cash to operate a business successfully. Analytical tools like ratio analysis determine the profitability and business risks of the company. The management of the…
Southwest Airline comprehensive external environment analysis
Though the local political affairs are usually kept under control, there are numerous other issues that do not lie within the company’s hands. The perpetual rise in the fuel prices has always remained a major issue for Southwest. The unpredictable nature of the fuel prices is hugely attributed to several external factors which are usually not within the control of the company. The fuel prices…
External and Internal Environmental Analysis - Apple
The current business environment is volatile and changing. In order to survive and thrive in this competitive environment, firms will have to monitor and analyze the internal and external environment conditions before taking any business decision. In the present research paper, an external and internal environment analysis of Apple has been done. EXTERNAL ENVIRONMENT External environment can be…
External Analysis on Noble Energy INC
An organization is directly impacted by the occurrences of the external environment in which the organization functions. Moreover, the external environment provides the impetus and paradigm that shapes the function of a company. A number of reports and observation of the eminent scholars reflected that organization having the ability to adjust itself to the exterior environment, essentially…