Cigna Corporation Internal and External Factors Evaluation Matrix Assignment

Cigna Corporation Internal and External Factors Evaluation Matrix - Assignment ExampleIt is plainly clear from the discussion that Cigna Corporation (Cigna) has services organized under five main divisions, health care, disability, and life, internationalist (CIGNA International) and Runoff Reinsurance. Having wide operations in the United States and beyond means, the company is a greater take exception to handle external factors than a local credit line. Similarly, the wider operations mean the company has a wide precaution building and numerous employees. This also means the company has numerous internal factors that affect its operations in unmatched way or the other. Similarly, the wider operations mean the company has a wide management structure and numerous employees. This also means the company has numerous internal factors that affect its operations in one way or the other. As is the case with every other business, Cigna Corporation (which will be referred as Cigna in this text) has a great interest in factors happening beyond it. These factors largely determine their chances of excerpt and most(prenominal) importantly inform the organizations strategy. This is because external factors throw outnot be avoided or controlled. An organization can only adapt operations to maximize opportunities and adjust to any threats. In the case of Cigna, the following sestet factors have the greatest impact on their operations. The factors are considered from the wider grouping of political, economic, social, technological, environmental and legal factors. The most grown political factor affecting Cigna at the moment is government regulations and policies. Since the election of President Obama, there has been nonstop debate and eventual passage of the Obama Care. This is a health scheme which has sought to guarantee healthcare to all Americans. This is of great interest to health insurers who have been required to reconsider certain policy regulations. Th e most notable is a directive to have them ensure patients who have preexistent health conditions. From a business perspective, this government policy is likely to affect the profitability of Cigna as they will be required to develop payments for conditions they would have avoided. Cigna is affected by almost every economic factor.