Life Enterprises is a laboratory that specializes in mainly testing various diseases. The organization is known for the prompt services and friendly charges it offers. However, the business activities undertaken by the organization have been adversely affected by both internal and external factors.
For example, the organization is facing stiff competition from the other laboratories that operate within its location. This paper outlines the issues affecting the management of Life Enterprises, which include competition and leadership challenges among others.
The first factor that affects Life Enterprises is the unfavorable environment in which it operates, and the cutthroat competition it faces at the moment. The current environment in which the organization operates is ridden with so many issues. Firstly, a significant number of citizens cannot afford any form of medical cover.
Secondly, private laboratories, such as Life Enterprises, are threatened as they experience stiff competition from their government sponsored counterparts (Zismer, 2011). These factors result in an acute shortage of clients, which lowers the earnings made by the laboratory. In addition to the competition it faces from public laboratories, Life Enterprises also has to share the limited resources and customers with other private establishments.
Life Enterprises is a private laboratory that uses advanced technologies to test and diagnose the various diseases affecting humans. The organization has a properly structured management team headed by a CEO who is assisted by various managers, directors, and heads of departments.
Firstly, Life Enterprises operates in an environment where most of the health services providers are not profit oriented; this makes it difficult for the laboratory to attract a significant number of clients. Secondly, the environment the laboratory operates in is characterized by various negative influences that emanate from free market dynamics and regulatory constraints (Zismer, 2009).
Another factor, which negatively impacts the prosperity of the laboratory, is the principle forces influencing the organization’s competitive success. There are several principles that can be implemented by the management to enhance the laboratory’s competitive success.
Firstly, the organization needs to install an advance health recording system to speed up the registration of its customers. Secondly, the management needs to allow the laboratory to operate as a community healthcare organization to attract more clients. Lastly, Life Enterprises needs to employ more technicians to enhance the quality of its services (Zismer, 2011).
The last factor comprises the inabilities and challenges affecting the laboratory’s leadership and governance. The management should try to find out whether the laboratory has the capacity to perform better; it should answer the question whether or not the organization has the capacity to employ enough technicians and other staff. It should also ascertain if the laboratory is able to raise sufficient capital to execute all its plans (Zismer, 2011).
Another issue affecting the leadership of the laboratory is the risk tolerance caused by capital markets. Apart from the issue of capital markets, globalization also poses serious issues to the laboratory’s stewardship. The laboratory’s management team is unable to maintain the globally set standards as it lacks enough resources to do so (Zismer, 2009).
In conclusion, Life Enterprises is a private laboratory, which specializes in testing and diagnosing diseases using modern technologies. The laboratory is not performing as expected, as a result of a number of setbacks. These factors include: the inadequate resources it has, the stiff competition from both public and private laboratories, and the poor administration by its management personnel.
References
Zismer, D. K. (2009). Will the “invisible hand” work in U.S. healthcare? A challenge to non-profit boards e-briefings V6N4 July 2009. Minneapolis, MN: School of Public Health, University of Minnesota.
Zismer, D. K. (2011). Reshaping director’s views and efforts in a reforming healthcare marketplace. Minneapolis, MN: School of Public Health, University of Minnesota.