External And Internal Environmental Factors Of Mayo Clinic

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Lecturer’s name: | XONDOW Abstract: The purpose of this paper is to analyze the External and Internal environmental factors of Mayo Clinic (MC). The paper will highlight the factors in external environment which affects the strategic position and operations of the Mayo Clinic. Along with that the report will also highlights the internal environmental analysis specific to the firm. There would be core competencies resented at last in comparison to the competitors of Mayo Clinic and also some of the recommendation to improve on the weaknesses and threats to maximize its strength and earn a competitive advantage over others. Introduction: Mayo Clinic is a nonprofit worldwide leader in medical care, research and education for people from all walks of life. The clinic is based in Rochester, Minnesota. Mayo clinic is acknowledged as the leading and biggest integrated not-for-profit medical group located on the globe. The firm is providing work for almost 3,800 physicians along with scientists in addition to 50,900 associated health staff. The organization is recognized as specialized in providing treatment for the difficult cases in the area of tertiary care. Its expenditures regarding the research are estimated to be over $500 million on annual basis. In 2014, Mayo Clinic reached 150 years regarding its uninterrupted health service for the patients. Dr. William Worrall Mayo settled his family in Rochester, Minn., in 1864 and opened a medical practice that evolved under his

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