Financial Controlling and Budgeting: Impact of External Factors

This report provides a PESTLE analysis of the legal, financial, regulatory, and structural environment affecting the health and social care sector. It identifies key political, economic, social, technological, legal, and environmental factors that influence the operations and financial controlling and budgeting within the health and social care industry. The analysis uses external sources to support its findings and concludes that understanding these external factors is crucial for effective management and strategic decision-making in health and social care organizations. Desklib provides access to similar solved assignments and past papers for students.

INTRODUCTION
This poster deals with the various
environmental factors which affect the
social care such as legal, regulatory as
well as the structural.
EXECUTIVE SUMMARY
This report analyses the overall efficiency
of the business in the external market by
the use of the PESTEL analysis as it
reveals how external factors affect the
business.
LEGAL, FINANCIAL, REGULATORY AND STRUCTURAL
ENVIRONMENT AFFECTING HEALTH AND SOCIAL CARE
CONCLUSION
It can be concluded that this
analysis is done as it analyses all
the external factors which affects
the health and the social care.
REFERENCES
1. Frue, K., 2016. A PEST Analysis Template for Any
Industry or Business. [Online]. PESTLE Analysis.
Available at:
http://pestleanalysis.com/pest-analysis-template/.
[Accessed On: 26-03-2018]
2. Health Knowledge, 2017. The impact of political,
economic, socio-cultural, environmental and other
external influences . [Online]. Health Knowledge.
Available at:
https://www.healthknowledge.org.uk/public-health-te
xtbook/organisation-management/5b-understanding
-ofs/assessing-impact-external-influences
PESTLE Analysis
Political: The political factors includes
insurance mandate, changes in tax
legislations, consumer protection etc.
Economical: It includes the factors such as
interest rates, inflation rate and economic
growth which affects in making the decisions.
Social: It includes the factors related to the
social environment such as change in
demographics and Public values.
Technological: Health and social care can
effectively work with the innovation of new
technology devices.
Legal: Legal factors affects the operation of
the health and social care such as changes in
applicable rules and provisions
Environmental: It includes factors such as
climate change and weather which affects
the health care organizations.