SWOT Analysis.docx - 1 SWOT Analysis Jessica Palumbo...

This preview shows page 1 - 3 out of 5 pages.

1SWOT AnalysisJessica PalumboHCS/449December 4, 2018Sheela Alvarado
2SWOT AnalysisTo fully understand the traits of a business environment, a SWOT analysis will prove to be helpful. This type of analysis provides an overview of the strengths, weaknesses, opportunities and threats that may result from both internal and external factors. A SWOT analysis will be prepared based on the performance analysis a community hospital, so it can be utilized to form a final recommendation in the business plan. The limitations and advantages of conducting an independent SWOT analysis versus conducting an analysis with a group of stakeholders will also be reviewed. How SWOT Analysis Can be Used to Form a Final Recommendation in a Business PlanConducting a SWOT analysis proves to have many advantages and helps to determine factors that will affect the future performance of the organization. According to Brian Hill (2018)a SWOT analysis should be done as part of the business planning process so strategies can be created to accomplish financial and operational goals. As mentioned, a SWOT analysis will help identify organizational strengths, weaknesses, opportunities, and threats which can be utilized to improve current operations and discover new opportunities. The information generated from an analysis will also be useful in determining competitive positioning. Many organizations will

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture