Contextual factors that can influence the transformational change project (TPC)
When entrepreneurs attempt to start any business, they have to consider several external factors that can affect the business. Similarly, when organizations take any transformational change project into consideration, they need to determine the factors that can influence the project. Political, social, economic, environmental, legal, company resources and competition in the industry the business is going to transformed are the factors that send significant impact over the transformational change project. Hence the aim of this project is to analyze the impact of these contextual factors on the TCP (transformational change project).
Analysis of contextual factors
Mandates and Regulations: Mandates refer to the codes, policies, laws, rules and other sorts of instruments that guide project and program actions and human behavior. Hospice organizations are categorized into three tax status that includes not for profit, for profit, and government. The analysis of the provider of services of CMS declares that in America not for profit organizations accounts for 28 percent hospice care providers, 68 percent organizations were held as for profit status, and the government programs were comprised of by only 4 percent hospice providers. It has been determined that the number of for profit hospice organizations is increasing, and the number of nonprofit organizations in hospice care is declining, which shows the lack of government support towards such businesses. The government of the country is supporting people with regard to hospice care. In 2014, the Medicare hospice benefit program of the government covered 85.5 percent as compared to other sources. Similarly, the program covered 90.3 percent more days of care than other programs. These statistics shows positive attitude of government towards hospice care, which is beneficial for transformational change project, as the chances of business success and growth are brighter (National Hospice and Palliative Care Organization, 2015).
Alternative: Hospitals and home care services are the alternatives to hospice care. People who have negative perception regarding hospice care and do not want to live in hospice institutions can consider hospitals, nursing home, and home care services such as hiring a nurse to take care at patient’s home.
Economic: the Economic condition of the country in which businesses are operating has a considerable impact on businesses and so on transformational change projects. Economic uncertainty will force workers of hospice care to search for paid employment rather delivering their services voluntarily. The improved economic situation means more money to spend that lead hospice care organization to quality services through more fund availability possible from the charity. More people due to having more money are in the position to support their health issues. In uncertain economic times, people are not likely to support charity. The economic situation of the USA is improving that shows a positive sign for the implementation of transformational change project (TCP) (Focus Economics, 2016; Trinity, 2008).
Social and cultural environment: People’s perceptions and their denial of death have a significant influence on business. In 2014, according to estimates approximately 1.6 to 1.7 million patients were acknowledged by hospice institutions in America. The substantial growth in hospice community has been marked in America. Not just the numbers of programs, but the numbers of patients served by such institutions increased in past few years. In 2001, decedents who accessed hospice care were 18.8 percent the ratio increased up to 30.1 percent by the year 2007. A number of Medicare decedents who were diagnosed with cancer by hospice care in 2001 was 36.6 percent. However, in 2007 the ration increased up to 43.3 percent. The increased ratio in the use of hospice care clearly describes the changing perception of hospice care and the acceptance of the death reality (National Hospice and Palliative Care Organization, 2015).
Resources: The availability of different resources can affect the program or the implementation of the project such as equipment, services, funding, and personnel. Lack of funding can affect the implementation of the project as without appropriate capital support project cannot be continued, and equipment cannot be purchased, and personnel cannot be hired for better provision of services. It has been determined that people are not contributing much to hospice care charity. Lack of funding can limit the use of an effective implementation of the project. Technological advancement is another aspect that has a significant impact on the project. Governments are encouraging digitalization of hospice care centers for good delivery of quality services. Lack of funding can restrict the organization to be completely digital, which may affect the quality of services as well. Lack of talented personnel can pessimistically influence the project, as the organization will not be able to deliver good services to patients.
Environment: Environment refers to the environmental conditions and other factors such as infrastructure of the country. In host season patients may face more serious problems in their health that may enhance the number of days services demanded that can affect the quality of services if the demand exceeds the capacity of supply of services. The climate change and infrastructure issues can cause to delay the implementation of the project as well (FME, 2013).
References
FME. (2013). PESTLE ANALYSIS: Strategy Skills. Retrieved July 14, 2016, from http://www.free-management-ebooks.com/dldebk-pdf/fme-pestle-analysis.pdf
Focus Economics. (2016). U.S. Economic Outlook. Retrieved July 14, 2016, from http://www.focus-economics.com/countries/united-states
National Hospice and Palliative Care Organization. (2015). NHPCO’s Facts and Figures Hospice Care in America. Retrieved July 14, 2016, from http://www.nhpco.org/sites/default/files/public/Statistics_Research/2015_Facts_Figures.pdf
Trinity. (2008). The Trinity 10 Year Strategic Plan 2008 – 2018. Retrieved July 14, 2016, from http://www.trinityhospice.co.uk/wp-content/uploads/2011/07/Trinity_Hospice_Strategic_Plan.pdf
