A SWOT analysis acts as a guide for one to know and identify the positive and negative of one's organization that is the strength and weakness as well as the external environment that is the opportunity and threats…
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Strengths are the qualities that enable one to achieve the organization’s assignment. Strengths are the beneficial aspects of the organization or the ability of an organization that includes human capabilities, financial resources, products and services.
Weaknesses are the qualities that prevent an organization from achieving its goals.
Opportunities are the essentials that the organization can adventure to its advantage. They are presented by the environment which an organization is based.
Threats are the elements that cause problems for an organization. A threat occurs when an external environment endangers the ability of an organization to maximize profit (Pahl et al, 2009).
Strength and weaknesses of the organization
There is various strength I exposed in this organization. We have a good management approaches and corporate polices in the organization management system that enables good management process, we own a clinical research center. It is a center of excellence that runs clinical research, we have a highly skilled clinical staff that attends to patients with dignity and courteousness, we have local aids that are willing to participate in the running of the organization, we have a history of a successful open day proceedings with the community that surrounds us, the clinic has a philosophy of honesty, commitment and sharing to increasing patient self-assurance and the patients’ involvement in matters related to the services....
some surgeries and procedures are still too difficult to perform at the organization, for example, complex neuro surgeries which mean that patients have to be referred to a more advanced hospital. Poor location or geographic barriers are another weakness. We have a weakness in getting the potential patients nearby. Due to many specialist hospitals nearby that try to capture same area patients’ sources, the competition is aggressive Opportunity and threats for the external environment factors: Opportunity: Technological- better and advanced medical technology includes a wide variety of healthcare products. This intends to improve the quality of healthcare. Political- change in governmental politics. This can influence the service in that when the government introduces services that are of low tax and insurance products that favor the public this will enable many to run for the opportunities instead of avoiding medical facility due to low affordability rate. Competitive- due to Competitor vulnerabilities we will be able to excel in their areas of weakness thus improve the output level. Regulatory- this can be depicted through lowering of taxes by the government. This will enable the public access the organization products and services with ease. Social- in the social perspective, the population is expected to grow by 2015, the healthcare sector is expected continue to grow. Older age population will increase the demand for healthcare services. The country’s healthcare expenditure is predictable to grow from the current 3% of GDP to 6% of GDP by 2015. With the rising household income and improved life quality, the organization may benefit by capture this business segment opportunities. Economic- the organization can expand to other locations to serve more population
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As such, the plan has been broken down to be analyzed upon these 4 contingent areas as follows: Strengths With respect to overall strength of the business plan, the target market is a perfect segment for such an offering as the target demographic and need both exist in ample supply based upon the demographic information provided in the analysis.
The purpose for conducting a SWOT analysis in any business organization or firm is to find out the goals and objectives of the same. Every business must have a certain aim that it wishes to achieve by the end of every annual year, and thus conducting a SWOT analysis helps the business to grow and develop with respect to overcoming any kind of hurdles that come in between.
In line with this, this paper wants to closely examine the applicability of the SWOT analysis to business organizations by determining its strengths and weaknesses. The first section will provide an overview of the strategic management tool, after which the tool will be applied to a specific business organization.
xpenditures on R&D, Toyota has large capacities to produce and utilize new technologies as it has already done with the introduction of its new electric/petrol hybrid vehicle, the Prius.
4. Toyota enjoys a brand positioning of high quality, reliability and durability all over
SWOT as an acronym represents the Strengths, Weaknesses, Opportunities and Threats that define a business’s environment. The identification of these aspects of a business helps in establishing a strategic plan for the organization. The SWOT analysis is also essential in the
However, despite such huge popularity and global acceptance, the SWOT analysis largely falls short in effectiveness.
The paper begins with a brief analysis of the scope and importance of SWOT tool and then goes forth to make a comparative and critical analysis of the
11) point out, SWOT analysis is a structured planning tool used to assess strengths, weaknesses, opportunities, and threats involved in a project or a business proposal. Generally a SWOT analysis is performed for a product, place, person, or
A SWOT analysis is at the heart of any business and a key ingredient in the current and future success of any business venture.
Snelling (2012) notes that at the heart of a SWOT analysis is the process of identifying the objectives of a