a minimum of 5 relevant scholarly or professional peer-reviewed references that includes the following information:
Perform a formal SWOT analysis, and identify and explain at least 5 to 7 elements in each category: Strengths, Weaknesses, Opportunities and Threats.
Determine which stakeholder groups have the most influence on each of the elements identified in the formal SWOT analysis, and provide an explanation of the rationale to support your identification and how they impact the organization's strategic plan.
Project the likely organizational and operational outcomes that are possible if changes are made based on the SWOT analysis, and provide an explanation of the rationale supporting your projections.
Predict the future viability of the organization if no changes are made based on the SWOT analysis, and provide an explanation of the rationale supporting your projections.
Formulate at least 5 strategic recommendations that the organization should consider pursuing to effectively compete in the health care marketplace.
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Capstone Strategic planning solution
A SWOT Analysis (Strength, Weaknesses, Opportunities and Threats) is a planning process used to make a major business decision. SWOT analysis is an analytical method developed in the 1960s by Edmund P. Learned, C. Roland Christensen, Kenneth Andrews and William D. Book in their book "Business Policy, Text and Cases" (Taylor 2016). Heinz Weihrich developed the concept further in 1982 by creating a 2-by-2 matrix with two elements of Strength and Weaknesses across the top row and Opportunities and threats across the bottom row (see below)(Martin 2015).A SWOT analysis helps organizations to review both internal and external environments in order to inform decision making. A SWOT analysis is used during strategic planning
1. Perform a formal SWOT analysis
The attached table represents a typical SWOT for a healthcare organization
2. Identify and explain at least 5 to 7 elements in each category: Strengths, Weaknesses, Opportunities and Threats.
2.1.1. State of the art medical equipment-help to improve the quality of health services-Owners have the most influence as they decide what equipment to be bought
2.1.2. Healthcare improvement culture-provides a service that focuses on customer satisfaction-Personnel have the most influence here
2.1.3. investments in healthcare information technology-improves quality of care-Owners or shareholders have the most influence on what technology to be bought
2.1.4. Highly skilled and experienced health ...
A SWOT analysis tool can be used in healthcare for strategic planning in order to leverage internal and external perspectives to position the orgnization for advantage.
This solution guides the student through the process and how this can be used to develop strategies that keep the organization viable in a challenging business environment.
References have been cited therein for further reading