Reference no: EM133107533
Based on the review of the Phoenix Hospital 5-Year Strategic Plan Scenario, conduct a SWOT analysis to generate a list of perceived strengths, weaknesses, opportunities, and threats for the hospital.
- Strengths and weaknesses are traits internal to the hospital (e.g., strong physician loyalty to the hospital, aging building, and availability of financial resources).
- Opportunities and threats are external to the hospital (e.g., a mall facility available for lease or a competitor hospital opening two physician practices in your market).
Complete the SWOT analysis for the Phoenix Hospital 5-Year Strategic Plan Scenario. Include the following in your SWOT analysis:
- A list of perceived strengths, weaknesses, opportunities, and threats
- At least 3 items in the SWOT analysis must be related to technology, regulatory, and financials.
- You have been provided one section for each SWOT area. If you would like to add additional items to SWOT sections, please add additional line items to the table.
- An analysis of the information from the strategic decision-making scenario that supports the SWOT analysis items
Note: Think ahead in your assignments regarding how your items in the SWOT analysis will translate to objectives and strategies in Week 4. For example, a weakness like "Limited registered nurse staffing in several departments" might translate to an objective of "Increase RN staff by 15 nurses within first 6 months." The strategy for this objective might be "Job fair at the state nursing convention will increase interest and awareness of opportunities at Phoenix Hospital."
Table 1: SWOT Analysis
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Perceived strength (internal)
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Perceived weakness (internal)
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[Insert Response]
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[Insert Response]
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Perceived opportunity (external)
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Perceived threat (external)
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[Insert Response]
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[Insert Response]
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Analysis of existing technology information from the Phoenix Hospital strategic decision-making scenario. Include the following in your analysis:
- Analyze existing technology information.
- Determine if the technology are considered a strength, weakness, opportunity, or threat for the organization.
- Explain your selection.
[Give your response]
Analysis of existing financial information from the Phoenix Hospital strategic decision-making scenario. Include the following in your analysis:
- Analyze existing financial information.
- Determine if the financials are considered a strength, weakness, opportunity, or threat for the organization.
- Explain your selection.
[Give your response]
Analysis of existing regulatory information from the Phoenix Hospital strategic decision-making scenario. Include the following in your analysis:
- Analyze existing regulatory information.
- Determine if the regulatory information is considered a strength, weakness, opportunity, or threat for the organization.
- Explain your selection.
[Give your response]
Analysis of existing information from the Phoenix Hospital strategic decision-making scenario. Include the following in your analysis:
- Select an additional market factor and complete your analysis.
- Determine if the factor selected is considered a strength, weakness, opportunity, or threat for the organization.
- Explain your selection.
[Give your response]
Cite at least 1 peer-reviewed, scholarly