Purchase Solution

The Future & sustainability of the assisted living industry

Not what you're looking for?

Ask Custom Question

What factors may affect the sustainability of assisted living industry?

Purchase this Solution

Solution Summary

A bright future awaits the assisted living industry. With the increased consciousness of the society to the needs of target consumers such as senior citizens and PWDs, there is a possibility of expansion of the industry to include more sub-industries. However, to be sustainable, it is must to carefully take into account critical factors and integrate them in formulating strategic initiatives and plans.

Solution Preview

This report includes the brief description of the assisted living industry or those companies that cater into the needs of senior citizens and persons with disabilities ( PWDs). With the growing number of target consumers of the products and services offered by the industry coupled with the increased consciousness of the society to their needs, a possible bright future is awaiting the industry. However, to remain sustainable, strategies must be formulated with due consideration of critical factors such as economic, socio-cultural, technological, competitive, and legal factors.

An Exploration on the Factors Affecting the Future of the Assisted Living Industry

Assisted living industry provides facilities and much-needed services to senior citizens and persons with disabilities (PWD) who cannot live on their own anymore. These consumers could be considered as the most sensitive consumers to deal with - they are conscious socially, economically, psychologically, and physically. There is business, however, in this sector of the society - they have needs to fill in, but to the highest quality possible. Among the businesses are facilities that provide a safe place to live along with 24-hour assistance, healthcare services and activities ...

Solution provided by:
Education
  • Bachelor of Science in Business Administration, University of the Philippines
  • Master in Business Administration, Saint Mary's University
  • Doctor of Philosophy in Education, University of the Philippines
  • Doctor in Business Adminstration (IP), Polytechnic University of the Philippines
Recent Feedback
  • "Excellent information thanks for the input"
  • "Thank you"
  • "Very thorough and informative. Thank you."
  • "Good response. Very detailed"
  • "This solution is excellent. Thank you"
Purchase this Solution


Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media