Complete an environmental scan for the health care organization you chose in Week 2. Use the SWOT Analysis table. Your scan should: Assess the organization’s internal strengths and weaknesses. Analyze...

Running head: CVS HEALTH        1
        CVS HEALTH 2
CVS HEALTH
Table of Contents
Introduction    3
Present and Prospective Customers    3
Impact of the Factors-    3
External Environmental Analysis    4
Purpose    4
Implications of Environmental Analysis    4
External Issues impacting the Strategic Plan    4
Benefits of Competitive Analysis    4
Organization Ability to Accomplish its Goals and Objectives    5
Organization Ability to Respond to External and internal Changes and Challenges    5
Goals and Objectives for the Next 3 Years    5
Conclusion    6
References    7
Introduction
This report extensively focuses on several aspects of CVS health. CVS Health Corporation is a prominent American healthcare company that owns several companies under its name including CVS pharmacy, CVS Caremark, and many more. In this report, the main focus is scheduled upon the environmental scan of the company. The SWOT analysis of the company is conducted to analyze the possible strength, weaknesses, opportunities, and threats of the company. Further in this report, the significance of the external environmental analysis in the creation of the strategic plan is also discussed.
Present and Prospective Customers
The present and prospective customers of the company are women. As more than 80 percent of the pharmacy chain customers consist of women. Considering the future prospects also they are considered as the prime customers of the company.
Impact of the Factors-
There are several factors that considerably impact the functioning and channelization of the organization. Some of the prime factors include-
Consumer and Social- in the market context the beliefs and the attitude of the population play a very important role as it helps in analyzing the consumers and the customers that belong to that specific market. Considering the consumer and social factors it is very important that the company should be aware of the aspects like the demographics, class structure, culture, and educational level of the people (Dalisova, Sharopatova, & Karaseva, 2020).
Competitive Factors- the competitors of the company have some subsequent impact on the company as if the company is not able to possibly deal with its competitors then it subsequently impacts the market presence of the company.
Technological Factors- the technological factors also have a huge impact on the company as it impacts the product offerings as well as the cost structure in the health care plans industry. It also impacts the value chain of the company up to some extent.
Economic Factors- the economic factors that subsequently impact the CVS Corporation include the inflation rates, savings rates, interest rates, and foreign exchange rates.
Legal and Regulatory Factors- the legal and regulatory factors also have some considerable impact on the companies as the company needs to follow several rules and regulations before entering any subsequent market along with it in the foreign and overseas market the company has to align its operations accordingly as per the rules and regulation of the local country. All these reasons are subsequently important in this context.
External Environmental Analysis
Purpose
In the main context, the environmental analysis is conducted to analyze and determine the several factors and what potential impact they impose on the company. The purpose of the environmental analysis is...