Swot Analysis : Strategic Planning

A SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities and threats of an organization. A SWOT model measures what an organization can or cannot do as well as the possible opportunities and threats. This is done by taking data from the organization’s environment, analyzing the information and separating it into the internal (strengths and weaknesses) and external (opportunities and threats). When this is completed the analysis can create a plan for the organization to achieve its goals, and identify what difficulties must be overcome to attain

The Fabian strategy, also known as strategic defense, is a military strategy in which a weaker

Threat from Suppliers: Suppliers are at a disadvantage in the current market. There are more suppliers than businesses to purchase them which weights the power to Company G. Company G has numerous options in suppliers who compete for our business. Company G will need to secure two new suppliers for parts components before it can begin production.

Healthcare organization is constantly making changes to operate at their optimal functional level and budget. There are different ways it can be determined what and where adjustments are needed to be made within the organization. A common technique or strategic plan involved is the SWOT analysis. This technique involves a discussion about the strengths, weakness, opportunities and threats in an

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The SWOT is used by organizations, including healthcare to evaluate their internal Strengths, Weaknesses, Opportunities, and Threats. With the completion of the analysis, the organization could develop their goals to achieve their objectives (Capella University, 2016).

“A SWOT Analysis is the most used tool for audit and analysis of the overall strategic position of the business and its environment. Its principal purpose is to identify the strategies that will create a firm-specific business model. The plan aligns the organization’s resources and capabilities to the requirements of the environment in which the firm operates. The analysis is to evaluate any potential and limitations and the probable/likely opportunities and threats from the external environment. The results provide the positive and negative factors inside and outside the firm that affect the success.” A SWOT analysis is conducted to determine the strengths, weaknesses, opportunities, and potential threats to the organization. ("SWOT

An organization such as the Oregon Association of Hospitals and Health Systems (OAHHS) is established to help Oregon hospitals understand how to best serve their unique communities, while continuing to reach state-wide goals. OAHHS currently has a primary goal of helping Oregon hospitals to reach the Triple Aim determined by healthcare reform: improving the quality of patient care and population health, while reducing the per capita costs. This type of organization completes ongoing analyses of their business, on a regular basis to ensure that they are communicating the most up-to-date information to the hospitals of their state. A SWOT analysis is one type on analysis that can help them to determine internal and external factors, including environmental and marketing challenges that may need addressed.

The principle of a strategic plan is to define how the organization is making a decision and in what direction to pursue the strategy. This approach aids the team in focusing on its future. The policy will cover a five-year plan. A Feasible plan can only result in careful attention to the organization’s performance objectives and a detailed analysis of the internal and external environments (Sadeghi, 2013). A SWOT analysis is performed to allow the managers to consider both the inner and outer conditions of the organization. When an organization is planning an elaborate process, targeted at the future, irrespective of its nature, the managerial, economic, technical or technological, etc. necessitates, in advance, a detailed analysis of the organization’s current state. Or its procedural components or basic levels on which it will occur (Verboncu, 2016). The planning starts by assessing the current situation of the Cleveland Clinic’s business and environmental factors. A SWOT analysis will bring awareness of the strengths, weaknesses, opportunities, and threats. “The SWOT analysis helps the managers to formulate a strategic plan that considers the organizational ability to deal with whatever situation that is current. The planning process is ongoing, to continuously deal with changes in the environment and competitive conditions” (Mathis, 2011, p.39). The healthcare industry and its competitors are having a hard time with finances, but the Cleveland Clinic has substantial financial gains, a stellar record and excellence leadership, operational efficiencies, its human assets and human resource management all are a strength. The weaknesses are lower levels of patient satisfaction and efficacy, limitation of geographical growth, communication with other healthcare organizations, and transitioning to

“SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to be internal factors over which you have some measure of control. Also, by definition, Opportunities (O) and Threats (T) are considered to be external factors over which you have essentially no control. SWOT Analysis is the most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose to

Many companies use SWOT analysis to understand their position in the market and develop a plan of action. Therefore, a SWOT analysis is an important part of the project planning. Strength (internal factors): attributes of the organization that helps accomplish the project objective. Weaknesses (internal factors): attributes of the organization that stops the accomplishment of the project goal. Opportunities (external factors): external conditions that help accomplish the project. Threats (external factors): external conditions that could impair the project.

a strategy, but one of the external factors could negate its best efforts to implement the strategy.”

Although the analysis is limited and subjective it can offer great insight to the separate factors of the SWOT analysis. This insight can open the door to making positive changes in the organization. It is important to use the SWOT analysis correctly and it can provide effect results. For the Community Hospital, they have a great amount of strengths and opportunities, however, like all strengths and opportunities there are weaknesses and threats that impact both. It is important to look at the strengths and opportunities and find ways to overcome the weaknesses and

SWOT analysis is a useful tool for understanding and decision-making for all sorts of situations in business and organization. SWOT analysis can be classified into internal and external factors affecting a company. The Strengths and Weaknesses of the SWOT analysis represent the internal factors that influence the viability of the company. While the Opportunities and Threats, on the other hand, are the external factors that may affect the company's performances. A SWOT analysis provides more understanding of the organization in relation to its internal and external environment so that manager can formulate better strategy in pursuit of its mission.

The first important part of a SWOT analysis is to improve the viability of an organization. SWOT identifies the risk which can arise from future threats coupled with the organization weakness. For example, a pharma company ABC has invested heavily in R& D of existing product where a new competitor is also entering with same product. Then company ABC has to decide whether it is strategically important to deal with external threat or improve the internal weakness. Company ABC can continue the R & D progress to improve the quality of existing product or else can diversify the resource to offer the product at less cost i.e. improving its efficiency. So, SWOT plays an important role in such situation and proves to be a beneficial tool to take appropriate decision of improving the weakness