MAN301 - Regis Healthcare: Strategic Environment and Analysis Report

This report provides a comprehensive strategic analysis of Regis Healthcare, an Australian healthcare operator. It begins with an executive summary, followed by an examination of the external environment using PESTLE analysis, identifying political, economic, social, technological, legal, and environmental factors impacting the aged care sector. The report then delves into competitor analysis, utilizing SWOT analysis to evaluate Regis Healthcare's strengths, weaknesses, opportunities, and threats. Finally, an internal analysis is conducted using the VRIO framework to assess the value, rarity, imitability, and organization of the company's resources and capabilities. The report concludes by summarizing the key findings and emphasizing the crucial role of both external and internal analyses in shaping the future of the healthcare industry.

Report

EXECUTIVE SUMMARY
Business environment is the sum of total of all the external an internal factor and in the
same way, the current study also based upon Regis Health care which is the Australian health
care operator and report will describe internal and external factor by using different theoretical
models. Further, report will describe the industry competitive by using porter five forces.

EXECUTIVE SUMMARY.............................................................................................................2
1. External environment of the industry......................................................................................1
2. Competitor analysis.................................................................................................................2
3. Internal analysis ......................................................................................................................3
CONCLUSION ...............................................................................................................................3
REFERENCES................................................................................................................................4

1. External environment of the industry
In order to determine the external environment of the aged care sector, it is beneficial to
use Pestle analysis which identifies different factor that affect the entire industry which are as
mention:
Political factor: the healthcare industry impact by many factor such that insurance
mandates, different tax legislation, consumer protection etc. further, government of Australia
also spent lot amount for a healthcare which can be benefited by different tax policy changes
(Rastogi and Trivedi, 2016). On the other side, sudden changes in policy also affect the entire
industry in opposite way especially with changing healthcare bills and plans.
Economic Factor: The industry also affect by many economic factor such that inflation,
unemployment. As there are many company under healthcare industry who manufacture medical
devices and many people are not able to pay the rate when there is increased rate of
unemployment. But on the other side, if less people are able to work and they are not qualify for
the work benefits as well.
Social Factor: The healthcare sector relies on the understanding the changes in
demographics (Gupta, Gupta and Gupta, 2019). Even the certain communities also share the
fears, belief, that is why, it is necessary for the professional to be aware with this in order to
provide best facilities to their patients.
Technological factor: Sector seeing positive changes in the treatment because of
technological advancements. For instance, hearing aid devices which provide crystal clear sound
to aged people. These are the advance technique and also reflect that the sector is keep
complying with the technological factor.
Legal factor: Sudden change in laws affect the industry in opposite way such that if
Regis health care did not comply with the prescribe laws then it affect the entire industry in
opposite way (Walsh, Bhagavatheeswaran and Roma, 2019). Such that company follows
employment law, data protections act for its smooth functioning.
Environmental Factor: It is the factor that relates to changes in the climatic conditions
has a great impact on the working of an organization. Different market contains different
environmental standards that directly impacts profitability of the healthcare industry. Therefore
before entering into the new markets or in starting the new business in an existing market, an
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entity needs to evaluate an environmental standard in relation to weather, recycling, waste
management etc (Pestle analysis of Regis Limited, 2017). This measure helps the firm in smooth
functioning of its business ethically and sustainably within the industry and also acts as large
medium through which a company could attain growing success.
2. Competitor analysis
SWOT
Strengths- Regis healthcare company is having s strong value of free cash flows which
facilitates resources in company’s hand for the purpose of expanding into the new projects. This
company has made huge amount of investments in the training and the development of an
employee in order to attain a workforce that not only counted as highly skilled but is also
motivated in achieving the goals efficiently (SWOT analysis of Regis , 2018). Regis is having a
stronger level of dealer community as it had built the culture among the distributor and the
dealers where dealers along with promoting the products of the company, make investment in
availing training to sales team for explaining the customers the ways in which they could extract
maximum benefits from the product. Activities of the company are fully automated that brings
consistency in enhancing quality of the product and also has a successful record in integrating
the complimentary firms through the mergers and an acquisition. Regis limited is seen as
successful in implementation of the projects and in generating higher returns on the capital
expenses developing new steams for revenue.
Weaknesses- Regis healthcare organization seems to be unable in tackling challenges that
are presented by new entrants in sector and had the small portion of the market share within the
niche categories. The company is not good at forecasting product demand resulting to higher rate
of the missed opportunities in comparison to its rivalry. It requires more and more investment in
the new technologies and needs to put more money in the technology for integrating processes
around board. Profitability and the net contribution ratio of this company are below an industry
average.
Opportunities- Company can look for attracting new customers through the online channels
which could help the company in increasing its customer and knowing its customers in a better
way. Government green projects had opened up an opportunity for the procuring products of the
Regis Healthcare by state and federal government. Lower rate of inflation had brings more and
more stability within the market which enabled the company in getting the credit at lower
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interest rate (Walsh, Bhagavatheeswaran and Roma, 2019). Newer trends in consumer behavior
opened up for the new market and provided a great opportunity for an entity in building a new
stream of revenue and in diversifying into the new range of products.
Threats- Growing strength of the local distributors presented a big threat in some of the
markets as competitors are paying for higher margins to local distributors.
3. Internal analysis
VRIO framework
Value- Regis Limited makes use of the human capital data for hiring and retaining an
innovative or productive employee. Such employee constantly creates some most popular
consumer services and the products across the world.
Rarity- An organization in terms of uniqueness or rarity from other competitors and
firms, opted for using data based management of its employees in an extensive manner.
Imitability- Managing human capital through database is counted as costly and very
difficult in imitating at least for future periods (Gupta, Gupta and Gupta, 2019). Regis healthcare
Limited builds software and has invested in providing training to their HR staff on newer
technology and the strategy.
Organization- Regis healthcare has seen as organized in capturing the value from its
capability. IT department is having the skills in maintaining and collecting data while the team
leaders and HR team is been provided training on the way for using the data for hiring, managing
and improving employees performance.
CONCLUSION
From the above report it has been summarized that external and internal analysis plays
crucial role for shaping future of overall healthcare industry. It gives an overview of an
environment that the business lies in and factors that might affect the business and issues needed
attention within the strategy.
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REFERENCES
Rastogi, N. I. T. A. N. K. and Trivedi, M. K., 2016. PESTLE technique–a tool to identify
external risks in construction projects. International Research Journal of Engineering and
Technology (IRJET).3(1). pp.384-388.
Gupta, A., Gupta, N. and Gupta, M., 2019. British Airways-A SWOT and PESTLE Analysis-The
impact of Europe 2020 policy. NOLEGEIN-Journal of Corporate & Business Laws, pp.1-
11.
Walsh, K., Bhagavatheeswaran, L. and Roma, E., 2019. E-learning in healthcare professional
education: an analysis of political, economic, social, technological, legal and environmental
(PESTLE) factors. MedEdPublish, 8.
Online
SWOT analysis of Regis . 2018. [Online]. Available through:< http://fernfortuniversity.com/term-
papers/swot/nyse/4934-Regis -health-care-limited.php>
Pestle analysis of Regis Limited. 2017. [Online]. Available through: <
http://fernfortuniversity.com/term-papers/pestel/nyse4/4935-regis-healthcare-limited.php>
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