Can be done in bullet point form but please make sure the answer is clear and de
Can be done in bullet point form but please make sure the answer is clear and detailed. Also BCHUS is the organization:
Internal: To effectively formulate strategy, you must understand the internal operations of an organization. There could be many elements of a detailed internal environmental assessment, but in the interest of simplicity, your internal assessment will only include four parts – the strategic direction, financial analysis, S.W.O.T. analysis (strengths and weaknesses only), and core competencies,.
S.W.O.T analysis is used to assess the internal and external factors that contribute to a company’s relative advantages and disadvantages. The internal analysis includes strengths and weaknesses.
External: The external analysis is critical for healthcare, especially in the turbulent environment of today. Components of an external analysis include the legal and regulatory environment, the service area, and competitors. Also, Michael Porter developed a framework for understanding the competitive dynamics of an external environment. Porter’s Five Forces model enables you to analyze the external environment along five dimensions.
S.W.O.T analysis is used to assess the internal and external factors that contribute to a company’s relative advantages and disadvantages. The external analysis includes opportunities and threats.