Environmental Analysis

Dictaphone Corporation, the health business organization division of Nuance Communications, provides speech-driven clinical documentation systems. Dictaphone offers products and operate designed to achieve two goals: to drive productivity and price savings in medical transcription and patient study management, and to extract, structure, and use the rich clinical data embedded in patient narrative reports. Dictaphones solutions reduce operating cost by decreasing transcription expense, improving patient care via complete documentation and faster results delivery, and raising clinician satisfaction by making EMR systems easier to use and reducing time spent on documentation (Nuance Communications, n.d.). Industry classification The North American Industries potpourri System (Naics) code for Dictaphone is 541512. Code 541512 encompasses businesses the plan and design reckoner systems that integrate computer hardware, software, and communication technologies, even though such(prenominal) establishments may provide customer software as an implicit in(p) part of their services (covered under code 541511) (U.S. Census Bureau, 2007).

macroeconomic Variables There are numerous macroeconomic variables that can print a business such as Gross interior(prenominal) Product (GDP), inflation, trade, interest rates, and unemployment. GDP is defined as the market place quantify of all goods and services produced in an economy (McConnell & Brue, 2004). Increases in the GDP are a strong indicator of validatory economic growth which equates to more fluid income for consumers and businesses. Likewise, a abate in the GDP decreases the amount of disposable income available. As this disposable income decreases business are more selective and less liable(predicate) to invest in new technology. As disposable income changes, gross revenue are impacted thus impacting profits. Inflation, the general increase in the level of prices causing a reduction in the value of money (McConnell & Brue, 2004), also affects Dictaphone.... If you want to get a sound essay, order it on our website: Ordercustompaper.com

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