ASSIGNMENT HELP | Analyzing the Policy Field and Competitive Forces (Myopia).

Policies, laws, and regulations at the local, state, and federal levels—and those of other countries that are likely to affect your planning and the ultimate success of your social venture (Treating Myopia). For example, if you are trying to tackle problems related to the environment, local laws regarding waste management, land remediation, and water quality could constrain or enhance your ability to prevent pollution and waste from seeping into drinking water. Also, understanding the resources and policies of local networks, including faith communities or neighborhood associations, could provide resources such as funding or volunteers to increase the scope of your initiative.
Social entrepreneurs must also analyze the competitive markets and industry forces. Competitive rivalries, the power of buyers and suppliers to influence costs, and availability of resources can affect the feasibility of a new and innovative enterprise. While social entrepreneurs may not be competing for profits, they must analyze competitive and complementary programs that currently serve the target population. Reflecting on competitive forces can result in an increased understanding of the perspectives of stakeholders that are critical to the viability of a venture.

For this Blog,
1. analyze the policy field and the competitive forces to identify the opportunities and constraints that affect the Immigrant populations and the wicked problem (Myopia) you are addressing.
2. Research the policy domains, laws and regulations, administrative authorities, funding sources, and local networks that create the opportunities and constraints for your social venture (Myopia).
3. Research competitive markets and industry forces that shape the space in which your social venture will operate.
4. Use the handouts for the Policy Field Analysis worksheet (based on Table 4.2, Summary Policy Field Analysis, on page 56 in your Barreiro and Stone text) Porter’s Five Forces Applied to Social Entrepreneurship Context (Table 5.1 on page 67 in your Barreiro and Stone text) to organize your analysis. Additionally, you might consider using the Mind Mapping Worksheet to organize your analysis further.
5. Share your completed handouts (Policy Field Analysis Worksheet and Port’s Five Forces Worksheet).
6. Explain the opportunities and constraints your policy analysis has identified. Share your thoughts on how to leverage the opportunities and overcome the constraints.
7. Explain how the competitive markets and industry forces shape the space in which your venture will operate.
8. Include how these markets and forces could constrain and create new opportunities, as well as how you might collaborate effectively with current players in the market.
Be sure to support your analysis and conclusions with citations and references in APA format from your own research.

MODEL ANSWER

Analyzing the Policy Field and Competitive Forces

Researchers expect the eyewear market to grow from a global perspective due to several factors such as increasing eye disorders prevalence, changing consumer behaviors, and high disposable | PLACE YOUR ORDER NOW AT writtask.com | eye-related disorder connected with the increased vision losses and other comorbidities, such as cataracts and | PLACE YOUR ORDER NOW AT writtask.com | research estimated myopia’s prevalence in children to be over 6.1 percent in 2018 and expected the future demand for eyewear to rise | PLACE YOUR ORDER NOW AT writtask.com | increase in demand for eyewear provides both opportunities and challenges for social enterprises within this field.

Moreover, changes in government regulations and policies concerning eye health could significantly impact eyewear social | PLACE YOUR ORDER NOW AT writtask.com | channel perspective, the advancement of technology and the growth of the internet and e-commerce venues create new entry threats and competition for | PLACE YOUR ORDER NOW AT writtask.com | competition, social entrepreneurs face the challenge of limited funds and resources that limit capital raising.

Besides having limited resources and funds, social entrepreneurs face government regulations that limit their operational | PLACE YOUR ORDER NOW AT writtask.com | FDA formulated the Premarket Assessment of Paediatric Medical Devices guidelines in 2004 that provided reasonable safety assurance and effectiveness of medical devices for children (Gandhi & Raina, 2018). These guidelines are examples of regulations that may affect the operation of social ventures. This paper explores Porter’s Five Forces for analyzing competition and the opportunities and challenges for social venture entrepreneurs in this market domain.

Competitive Forces Analysis

Module 3 – Analysing Competitive Forces

	Market-oriented application	Social entrepreneurship application
The threat of new market entrants	These are new market-oriented firms that can raise | PLACE YOUR ORDER NOW AT writtask.com | price of new contracts, and minimizing existing companies’ access to investments.	From a social venture perspective, it becomes challenging to convince investors | PLACE YOUR ORDER NOW AT writtask.com | without a promise of large profits, making it hard for social enterprises to enter the market.
The threat of substitute products (including technology change)	In the eye health market, the threat of substitutes comes from | PLACE YOUR ORDER NOW AT writtask.com | as contact lenses, luxury spectacles, and atropine eye drops.	Due to the nature of social enterprises aiming to create high impact | PLACE YOUR ORDER NOW AT writtask.com | make it difficult for social entrepreneurs to offer products at little or no costs.
Bargaining power of suppliers	This refers to market-oriented suppliers’ ability to | PLACE YOUR ORDER NOW AT writtask.com | high prices for their equity and products	Limited funds and | PLACE YOUR ORDER NOW AT writtask.com | threatens their bargaining power against suppliers.
Bargaining power of buyers	Consumers’ bargaining power affects | PLACE YOUR ORDER NOW AT writtask.com | offering high-quality products, robust buyer relationships, and brand loyalty.	The increasing prevalence of myopia has increased the demand for eye h | PLACE YOUR ORDER NOW AT writtask.com | of products and services at little and no costs with a high impact on health reduces the buyers’ bargaining power.
Existing competitive rivalry	Market-oriented firms acknowledge their importance in competitive | PLACE YOUR ORDER NOW AT writtask.com | best to attract better deals and product differentiation to remain relevant	On the other hand, social entrepreneurs remain relevant in the eyewear market | PLACE YOUR ORDER NOW AT writtask.com | impact on their lives and communities, which attract philanthropic investors among other public and private donors.

Adapted from Fig. 5.1, p. 67 from Barreiro & Stone (2013).

Summary Policy Field Analysis

Module 3 – Analyzing the Policy Field

	Describe Opportunity	Describe Constraints	Ideas for Overcoming Constraints
Policy domain	Transforming our world initiative by the United Nations and the 2030 sustainable goals for development provides social enterprises the opportunity to strengthen | PLACE YOUR ORDER NOW AT writtask.com | no one behind ensures that services reach the underserved populations (Ramke et al., 2018)	Social enterprises face the challenge of creating awareness on the value of corrected vision, affordability, and | PLACE YOUR ORDER NOW AT writtask.com | that only expensive eye correction options will solve their vision problems, making it difficult to implement policies and programs for affordable eye healthcare. Also, cultural pressures rising from discrimination and stigmatization creates barriers to policy implementation (Sharma, 2015).	Increasing awareness of the different options for affordable vision corrections | PLACE YOUR ORDER NOW AT writtask.com | challenge of implementing both company and public programs and policies.
Laws or regulations	Laws and regulations that regulate medical | PLACE YOUR ORDER NOW AT writtask.com | suppliers of assistive devices, creating a range of opportunities for social enterprises.	At the same time, nations’ laws and regulations may pose | PLACE YOUR ORDER NOW AT writtask.com | the operations and range of products and services that social enterprises might offer (Sharma, 2015).	It is ensuring the quality of medical | PLACE YOUR ORDER NOW AT writtask.com | under the proposed guidelines and licenses.
Administrative authority	The administrative authority can act as policy | PLACE YOUR ORDER NOW AT writtask.com | unnecessary competition in the eye health market.	With lesser competition between suppliers and | PLACE YOUR ORDER NOW AT writtask.com | challenge of having lesser bargaining power concerning affordable eyewear will emerge.	I am getting support from private and public firms to | PLACE YOUR ORDER NOW AT writtask.com | through more capital and funds attracting better deals from suppliers.
Funding	Collaboration and partnerships from both non-profit organizations | PLACE YOUR ORDER NOW AT writtask.com | of more funding and investment in providing affordable eyewear to the people (Mthembu & Barnard, 2019).	It may be difficult to | PLACE YOUR ORDER NOW AT writtask.com | when there is lack of profit motivation factors.	They are collaborating with partners and organizations | PLACE YOUR ORDER NOW AT writtask.com | of providing affordable eye health equipment and assistive devices.
Local networks	Local networks will act as advocates for | PLACE YOUR ORDER NOW AT writtask.com | and services through mobilization and creating awareness	There will be the challenge of acquiring the assistance | PLACE YOUR ORDER NOW AT writtask.com | to educate and mobilize the masses and create awareness.	Partnering with local actors | PLACE YOUR ORDER NOW AT writtask.com | departments to increase mass awareness

Adapted from Fig. 4.2, p. 56 from Barreiro & Stone (2013).

References

Gandhi, T., & Raina, R. (2018). Social entrepreneurship: The need, relevance, facets, and constraints. Journal of Global Entrepreneurship Research, 8(1), 9.

Mthembu, A., & Barnard, B. (2019). Social entrepreneurship: Objectives, innovation, implementation, and impact on entrepreneurship. Innovation, Implementation, and Impact on Entrepreneurship (February 27, 2019).

Ramke, J., Zwi, A. B., Silva, J. C., Mwangi, N., Rono, H., Gichangi, M., … & Gilbert, C. E. (2018). Evidence for national universal eye health plans—bulletin of the World Health Organization, 96(10), 695.

Sharma, V. (2015). Identifying constraints in social entrepreneurship ecosystem of India: A developing country context. Available at SSRN 2729720.

Transparency Market Research. (2016, September 29). Global eyewear market is anticipated to reach us$130 billion by 2018; Global industry analysis, size, share, growth, and forecast 2018. Retrieved from https://www.globenewswire.com/news-release/2016/09/29/875770/0/en/Global-Eyewear-Market-is-anticipated-to-reach-US-130-billion-by-2018-Global-Industry-Analysis-Size-Share-Growth-and-Forecast-2018.html