Suggestion of an Ideal Business Environment Appraisal Tool for Consensus Caring Homes Group The WritePass Journal

Suggestion of an Ideal Business Environment Appraisal Tool for Consensus Caring Homes Group Introduction Suggestion of an Ideal Business Environment Appraisal Tool for Consensus Caring Homes Group ). Threats As aforementioned, the organisation heavily relies on funding from the local government. In case of a regime change, the changes that might take place in budgetary allocations may bring about a threat of reduction or termination of funding (Teece, 2010). A diminishing quality of service, especially during periods of insufficient funding, threatens the good reputation of the organisation (Ordanini et al., 2011). This not only repels patients from seeking its services, but also increases scepticism among investors and well wishers who fund its operations. Employees may also resign citing poor remuneration, exposing the organisation to competition from other enterprises offering the same services. Conclusion A periodic appraisal or evaluation of internal and external business environments of an organisation is ideal for strategic planning. One of the widely used frameworks of analysis whish has been addressed in this paper is the SWOT analysis technique, which highlights the internal strengths and weaknesses, and the external opportunities and threats. Whereas it has several advantages over other analysis techniques, it also has a few shortcomings, which have been addressed. An example SWOT analysis that has been carried out on Consensus Caring Homes Group in this paper has listed most of the factors that it needs to consider before making a strategic decision regarding its performance. References Cadle, J., Paul, D. Turner. P. ‎(2010). Business Analysis Techniques: 72 Essential Tools for Success. Chippenham: BCS, The Chartered Institute. Carehome.co.uk. (2014). Care Homes Owned by Consensus: Info Members. [Online] Available at: carehome.co.uk/care_search_results.cfm/searchgroup/36151030CARB [Accessed 21 November 2014]. Consensus. (2014)a. Consensus Support Website: What Support do we offer? [Online] Available at: consensussupport.com/ [Accessed 21 November 2014]. Consensus (2014)b. The Consensus Support website: Where are we located? [Online] Available at: consensussupport.com/ [Accessed 21 November 2014]. Gazzola, P. et al. (2011). Enhancing environmental appraisal effectiveness: Towards an understanding of internal context conditions in organisational learning. Planning Theory Practice, 12(2):183-204. Helms, M.M. . Nixon, J. (2010). Exploring SWOT analysis–where are we now?: A review of academic research from the last decade. Journal of Strategy and Management, 3(3): 215-51. Lussier, R. (2011). Management Fundamentals: Concepts, Applications, Skill Development. Mason: Cengage Learning. Ordanini, A., Miceli, L., Pizzetti, M. Parasuraman, A. (2011). Crowd-funding: transforming customers into investors through innovative service platforms. Journal of Service Management, 22(4):443-70. Rosenberg, L., Kottorp, A. Nygà ¥rd, L. (2012). Readiness for Technology Use With People With Dementia The Perspectives of Significant Others. Journal of Applied Gerontology, 31(4):510-30. Teece, D.J. (2010). Business Models, Business Strategy and Innovation. Long Range Planning, 43(2):172-94. Warner, A.G. (2010). Strategic Analysis and Choice: A Structured Approach. California: Business Expert Press.