WEEK 3SWOT Analysis

.docx

School

Southern New Hampshire University *

*We aren’t endorsed by this school

Course

WEEK 5

Subject

Health Science

Date

May 15, 2024

Type

docx

Pages

8

Uploaded by BrigadierKoalaPerson1085 on coursehero.com

1 SWOT Analysis Jincy John Master Of Health Administration MHA/505: Systems Thinking in Health Care Environments September 11, 2023
2 WHAT IS A SWOT ANALYSIS: A SWOT analysis guides you to identify the positives and negatives inside your organization ( S trength & W eakness) and outside of it, in the external environment ( O pportunity & T hreat). Strengths: Strengths describe what an organization excels at and what separates it from the competition. Weaknesses : Weaknesses stop an organization from performing at its optimum level. They are areas where the business needs to improve to remain competitive. Opportunities: Opportunities refer to favorable external factors that could give an organization a competitive advantage. Threats: Threats   refer to factors that have the potential to harm an organization. (Investopedia, 2023) WHEN TO USE SWOT ANALYSIS: Use it to: • Explore possibilities to problems. • Make decisions for your initiative. • Determine where change is possible. • Adjust and refine plans mid-course. HOW TO USE SWOT ANALYSIS: Use it to:
3 • Identify the issues or problems you intend to change. • Set or reaffirm goals. • Create an action plan. (Section 14 SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats, n.d.). OBJECTIVE FOR SWOT ANALYSIS:   To assess the Hospital's internal strengths and weaknesses, as well as external opportunities and threats, in order to develop strategies for improving the hospital's performance and competitiveness in the healthcare industry. SWOT ANALYSIS TABLE: Internal or External Helpful Harmful Internal Strengths Reputation and Accreditation Advanced Medical technology Skilled Healthcare Professionals Comprehensive Healthcare Services Research and education Weaknesses Overcrowding Resource Allocation Cost Control Employee Turnover External Opportunities Market Expansion Telemedicine Population Health management Community Engagement Threats Healthcare Regulations Competition Economic Downturn Emerging Diseases Healthcare Industry Trends
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help