Question

Identify how the National Institutues of Health (NIH) relates to at least 7 of its external stakeholders or customers, including at least 2 other entities in the broad healthcare community.

Answer 1

National Institute Of Health(NIH) is a primary U.S based health firm formed in 1887 which carries out various medical researches for providing betterment in clinical field.The funds earned by this institute is provided even to many non-NIH groups.Main aim of NIH is to carry out research related to various abnormalities and find a cure for the disease.It is a bliss for the field of medicine.

Any firm irrespective of its size and field requires the involvement of various stakeholders for its effective functioning.Though external stakeholders are from outside the group or source of company,they have a greater impact on the success of business by contributing majorly to the profit of a business.

NIH involves association with the following external stakeholders for its effective functioning.

1)Participants in clinical trials:-Since NIH is a research institute,it involves participation of various individuals for carrying out the clinical trials.Hence,they play an important role in NIH.

2)Funders and sponsors:-They have an upperhand above other stakeholders as they provide financial assistance to carry out the research process.

3)Regulatory Agencies:-they regulate the proper functioning of NIH by assisting them in providing detailed description about a particular research.

4)Investigators:-They investigate the problem and produce a report on its basis.

5)Research Institutes:-They provide a helping hand by providing information related to the particular research which they have investigated.

6)Journals:-This is the best platform of bringing up to the end customers the complete overview of their research.

7)Professional Societies:-They aid in giving their valuable assistance and feedback to the area of research related.