Socio-Economic External Factors - Essay Example

The two main external factors vis-à-vis social and economic, offer threats and opportunities as below Social Opportunity Multicultural society offers huge opportunities for nurses to improve their professional competencies through cross-cultural understanding. Threat Racial discrimination is a major threat to the treatment of patients.2. Economic Opportunity Globalization offers nursing professionals huge opportunities to work across the globe. Threat Organizations that do not offer a learning environment could pose a serious threat to the professional competencies of the professionals and act as a barrier to their advancement in the professional line.

Strategies for minimizing threats and maximizing opportunities The organizations that encourage personal and professional development by providing their workforce with a learning environment hugely facilitate greater work satisfaction. The employees are able to improve and improvise their knowledge and skills through in-house development programs and sponsorship of higher education. Thus, they are better able to meet the challenges of changing times. In the healthcare industry, affirmative action and ethically delivered care greatly increase the credibility of an organization and overcome the barrier of racial discrimination.

Good leadership initiatives promote cross-cultural understanding which is exploited by good nurses in helping their patients to get well. Indeed, it enables them to build a relationship with patients which expedites their recovery (Leininger. & McFarland, 2006). In the era of globalization, organizations expand their business across the globe. This offers huge opportunities for professionals to work overseas with greater economic remunerations. Most importantly, cross-cultural understanding adds value to their professional competencies and treat patients from different culture, race, and nation with a more sensitive approach.