Analyzing an organization using the strengths, weaknesses, opportunities, and threats (SWOT) framework generates crucial insights for decisions on important new initiatives. For example, when contemplating an acquisition or found a brand new product or service, a SWOT analysis can raise warnings about differences or customer sensitivities in expertise; instead, it can reveal new lines of business and unmet needs that may lead to new business opportunities. A SWOT analysis also functions as a typical first step in a more comprehensive strategic planning process. This technical note targets the use of a SWOT analysis in the health care sector, including recommendations for key questions to ask when pioneering a SWOT analysis and advice for arranging information in a way that supports tactical decision making.
The SWOT approach has gained importance in the healthcare sector recently due to both market and policy shifts. Health Care is a website for major reform as policy makers seek to reduce costs and support innovation. Across the developed world and in many developing countries, better strategic decision making is crucial to healthcare providers and finance organizations as they care for ageing populations, seek to reduce the impacts of lifestyle-related ailments for example obesity, and work to manage expenses related to treating chronic diseases.
PUBLICATION DATE: May 24, 2016 PRODUCT #: W16448-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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