Driving Forces of Interim INC. (PESTLE)

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Driving Forces of Interim INC. (PESTLE)

Political factors

Political factors are all about the degree of intervention of the government in the economy. Government policies affect the functioning of the economy profoundly. The government has an enormous impact on the economy because the government sets all the rules and regulations. Certain policies established by the concerned government have to follow by the Interim Inc. these policies recommend to generate employment opportunities for the local people.

Economic factors

Economic factors also affect Interim Inc. significantly. Economic factors includes taxation policy, economic growth rate and personal disposable income. Interim Inc. is a non-profit organization. It faces the almost stable economy with no fluctuations in tax rates. It is growing with the growth of the economy. Recently, President Donald Trump’s plans to cut federal funding is the challenge for Interim. Meanwhile, there is increasing disposable personal income in U.S increased donations and memberships of Interim. On the another hand, Increased rental payments, bank fees and utility bills, tighten budgets for Interim.

Social factors

This is also called socio-cultural factors. The impact of society on the functioning of business is significant. Interim Inc. is working for the social benefits. It has done a lot for the welfare of the society. It provides affordable housing support to the mental disorder people who are a great step taken by Interim Inc.

Technological Factors

The fastest growing factor among all the external factors is technology, and its impact on business is considerable. There is not much effect of technology on Interim Inc. it only uses technology to build affordable houses for the needy people.

Environmental Factors

The environment in which business operates, influence the business significantly. The government frames out guidelines to reduce the level of pollution. Interim Inc. has to follow the guidelines of the government to prevent the pollution and take necessary step to preserve the environment.

Legal Factors

Legal factors includes take care of health and safety issues, delivering the right information of the product to the customers. It also includes ethical issues of the society. Interim Inc. follows the standard of corporate governance. It takes care of legal and ethical norms of society. The company checks legal compliance periodically .

Competitors Classification

Direct / Indirect / Substitute
●Mental Health America
●Rethink Mental Illness / ●Center for Health Care Innovation
●Born This Way foundation / ●NAMI- National Alliance on Mental Illness
●Sanctuary Supported Living

Rethink Mental IllnessThe national mental health membership charity, works to help people affected by mental illness recover a better quality of life.

Mental Health America Is a leader in mental health support, recovery and advocacy. Their works includes early identification and intervention for mental health at risk.

Center for Health Care Innovation Is an non-profit research that helps people understanding of the healthcare value to improve health and quality of life.

Born This Way Foundation To supporting the wellness of people and provides people with kinder communities, improved mental health resources.

NAMI-National Alliance on Mental Illness Is the nation’s largest mental health organization dedicated to building better lives for the Americans affected by mental illness.

Sanctuary Supported LivingThat offer many support services to enable people to live independently and achieve their personal goals.

Industry-Level Key Success factors

i) Purpose

To be successful in the market company should have predefined and clear objectives. Interim Inc. is also having a predefined objective that it has to serve to people who are suffering from mental illness. It provides housing support to millions of mental illness people. Its focus on Housing, Healing, and Hope. They are working towards providing affordable housing, education facilities to the youth suffering from serious mental illness. They are sticking to their objectives, and it is their key to success.

ii) Process

The effective process ensures that clients get the thing exactly what they required at the right time. Interim Inc. ensures the right process to get things done at the right time. They have established a proper communication channel to ensure the effectiveness of the process.

iii) Physical resources

The physical resource includes finance, facility, and equipment. Interim Inc. requires a lot of financial assistance to achieve its goals. They provide housing support to mental illness and to do this they need a lot of money. For getting the financial assistance, they have given an option of Donate on their official website. They also receive financial assistance in the form of cash and check. One can also transfer amount directly to its bank account.

iv) Customers or clients

Customers or clients are the most important success factors for Interim Inc. Therefore, building a good relationship with the customers is important. Building trust for the company products in the eyes of customers is necessary to be successful. Interim Inc. is working for the welfare of the society so that it needs not to think more about the building relationship with the clients because clients trust the company.

Five Forces

Threats from the new player (Increasing)

Major global players are present in the market, and new players are expected to enter the market. There are two major reason: which is tax benefits and Non-profit organization's social value are attractive drivers for entry. Another is the Political atmosphere is encouraging for new entry.

Rivalry within the industry (Moderate)

There is moderate competition in this industry. There are less direct competitors of Interim Inc., but they are also substitutes of the Interim Inc. The purpose of all these competitors is same as Interim Inc. There are some other indirect competitors of Interim Inc. They are having the same purpose of serving the people who have a mental illness. Some of them also provide housing support facility to the needy.

Power of suppliers (High)

In the case of Non-profit organizations those welcome donation in cash and kind, there is no matter of power of suppliers. Because it depends on the will of suppliers whether they want to donate or not. Every day thousands of people donate in cash and kind to NGOs for the welfare of the society.

Power of customers (Moderate)

Every year 42.5 million people in the USA suffer from mental illness. Power of customers means the degree of bargaining power of customers. Every day thousands of people who are suffering from mental illness require housing support. Due to the awareness among people the power of customers has increased.

Threats of substitutes (Moderate)

Many players are existing in the industries who are a substitute of Interim Inc. and creating the threats of a substitute. Alternatives, Sanctuary Supported Living, NAMI- National Alliance on Mental Illness are the major threats for the Interim Inc. But as we have discussed that every year 42.5 million people have a mental illness, threats from a substitute for Interim Inc. is moderate. But it is also important to note that new entrants are expected to enter the industry, and hence there is a chance to increase the level of threats from the substitute.

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