SWOT Analysis: Developing A Strategic Plan

750 Words 3 Pages

Developing a Strategic Plan: SWOT Analysis Strategic planning can be a complex process. For an organization to achieve the best results when planning, it is necessary to utilize a systematic approach to identifying and analyze internal and external factors. In the early 1960’s, the business community developed SWOT analysis to facilitate strategic planning (White & Blaiser, 2011). Ghazinoory, Abdi, and Azadegan-Mehr (2011) describe SWOT analysis as a process of exploring the internal and external environments of an organization. SWOT analysis looks at an organization’s strengths, weaknesses, opportunities and threats (Sadeghi, Barzi, Mikhail, & Shabot, 2013). The purpose of this paper is to discuss the results of the SWOT Analysis. The strengths, weaknesses, opportunities, and threats will be discussed in detail. Also, an explanation of whether the threats or weaknesses pose opportunities. …show more content…
Defining the objective can then take place once the mission and vision statements are reviewed. After the objective is established, the strengths, weaknesses, opportunities, and threats are listed and analyzed (Marquis & Huston, 2015).
The unmet need and objective at Mercy Medical Center are to have the nursing staff, culturally competent. Not only is it important to have nurses be culturally competent but the more diverse an organization workforce is, there will be an increase in the overall health of our nation (Harris, Purnell, Fletcher, & Lindgren, 2013).
Meetings with stakeholders will ensue where the strengths and weaknesses will be brought forth along with areas of opportunities and threats to the plan. A matrix of these four areas will be laid

Methods Of Plan Risk Management

Plan risk management: This talks about how to approach risk management activities and plan for them in the project. The main output of plan risk management is risk management plan. Risk management plan documents the procedures for managing risks throughout the project. The project team usually reviews documents such as corporate risk management policies, risk categories, lessons-learned reports, and templates for creating risk management plan. Also, it is important to review risk tolerances of stakeholders.…

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Building The Process A Proposal ( Business Case )

A communications plan with a schedule of events, meetings or newsletters. Define the ‘terms of reference’. Outline the objectives of the project and the confines in which it will operate. For instance – the goal, how it will be organised, who will be involved and how it will be implemented. When the framework of the project has been agreed the individuals taking responsibility for the project need to be identified and recruited (these could be internal or external candidates).…

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The Concepts Of Strategic Planning In Supply Chain Management

Introduction The management function of planning constitutes the basic fundamental function of management. Organizations formulate one or more detailed plans to achieve optimum balance of needs or demands with the resources available in this primary phase which is planning. Planning provides guidance for the organization by bridging the gap between where an organization is and where it would like to go (Newbrander, Peercy, and Vergeer, 2012). The management function of planning can be studied in four major subjects which are strategic planning, operational and tactical planning, contingency planning and scenario planning. This paper reviews various articles on each one of the themes and their application in different industries and management levels in the organization.…

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SWOT Analysis

& Thompson, A. (2011) it is important for organizations to have a strategic plan for their companies. In addition, they should be able to make changes within the organization if necessary. One way for a company to decide if it needs to make changes is by conducting a SWOT analysis. The SWOT analysis identifies the strengths’, weaknesses, opportunities, and threats that all organizations should identify.…

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Catherine Rodrigues As The Project Manager For A Project

The focus for project management is the analysis of project performance to determine whether a change is needed in the plan for the remaining project activities to achieve the project goals. In my experience, almost every project will require a change to the plan at some point in time. Tools and techniques that are used by project managers to conduct the Monitoring and Controlling of a project fall into one of four general categories. The first is the collection of project performance information. Techniques supporting this category are Pulse Meetings, Variance Reports, and Program Reviews.…

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The Importance Of Communication Metrics

The GIG solicited the services of TLS Consultants to conduct an analysis of the organization’s current project management best practices. This paper presented a brief analysis of the GIG’s current operations and a proposal to enhance its project management best practices. Of the various components of an effective project management system, the analysis concluded that the GIG PMO process could use improvement in project selection and prioritization, planning and scheduling, and monitoring and controlling. The GIG PMO has implemented a Link for Synchronization program to create transparency throughout the PMO process; however, it is important to note that sometimes introducing new technology can create a complex environment which can lead to individual and organizational frustration and conflict (Conrad, 2014). As a result, TLS is proposing to monitor the GIG PMO process for a period of one year to assess if recommendations presented are warranted - to develop a strategy where the GIG PMO can share best practices across the…

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Definition Of Nursing Essay

According Institute of Medicine (2010), report “Nurses should practice to the full extent of their education and training” (P.21). The report emphasize that expanding educational prospects and advanced training and practice opportunities will create more effective nurse leaders to play an increased role and improve our changing healthcare community in the future. Also increasing levels of technology in our society have demanded increased skills in both documentation and in pulling together different resources to obtain information needed to make critical decision for patient health care. For instance, the use of telemonitoring, video, and smart houses are dramatically changing the future of health care in our community. This will enable one nurse to care for many for many more patients than he/she is capable of safely caring.…

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SWOT Analysis In Project Planning

SWOT analysis is a formal approach, where we analyses the strengths and weaknesses of the organization and opportunities and threats they will face in future of the project. Risk analysis is spotting risks occurs in project, weaknesses in the operation of project and identifying the risks that organization will be exposed. From the above risk analysis, there are changes of neutralizing some risks.…

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Conclusion Of Strategic Human Resource Management

The strategic options may require developing new products or services within the current market, develop a new market or build on an existing market. Either way, HRM involves looking at the long term needs of a company, rather than focus on addressing the current needs (Reed & Bogardus, 2012). Contributions offered by HRM within an organizations strategic plan will ensure the performance and effectiveness is linked with the changes within the business environment, thus making sure the competitive strategy of the company takes care of the most valuable assets of any company—employees. According to Patrick Wright, SHRM (2008), “HR strategies need to simultaneously focus on building skills, motivation and behavior for a successful business strategy” is a clear definition of how vital human resource management is when linked to strategic planning…

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SWOT Analysis Of Patient Care

The author further denotes that one of the critical leadership competencies is building teams and collaborative relationships with nursing staff that foster decision making efforts (Huston, 2008). Additional research points to the significance of managers and leaders supporting a culture of open communication, which will create the communication culture that fosters nurses to speak up and be received (Garon, 2012). Involving this type of communication leads to nurses participating in decision making efforts centered on better coordination of patient care and increased safety, while increasing staff satisfaction and retention. AONE further outlines that nurse leaders will need to “utilize front line staff in decision making” in future patient care delivery systems to improve concentrations on coordinated care along the continuum (p.…

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SWOT Analysis: Developing A Strategic Plan

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