Sample Solution

The external environment can have a significant impact on capital allocation and decision making processes in a hospital. In order to assess the impact of the external environment, it is important to analyze both socio-economic factors such as demographics, labor markets, and economic indicators; as well as political factors such as laws, regulations, and policies that may influence decisions (Belei et al., 2020). Additionally , it would be beneficial to consider technological advancements which are constantly changing the way healthcare systems operate .

Moreover , assessing trends within the industry is essential for understanding current needs demands . This includes looking at existing competitors their offerings order decide how best allocate resources organization achieve its goals This also allows managers recognize areas where improvements need made compared competition maintain competitive advantage over them.

In addition , analyzing customer feedback important in determining what services should offer meet expectations . Such feedback typically gathered surveys questionnaires which provide direct insight from those who consume products services hospital offers Understanding this data leads development new plans strategies satisfy market demand while still remaining profitable sustainable base.

Overall , assessing impact external environment plays key role ensuring success capital allocation decision–making processes within hospital setting. By evaluating all relevant aspects one will be able to make informed judgements leading to successful implementation of projects programs and maintain high quality care not only to patients but staff members, employees, and many other stakeholders involved in running the facility.