LP4 Assignment: Introduction to SWOT-EFE Competency: 4. Determine External SWOT:
ID: 351365 • Letter: L
Question
LP4 Assignment: Introduction to SWOT-EFE Competency: 4. Determine External SWOT: External Opportunities and threats within healthcare planning. Directions: READ Chapters 9, 10 and 17 of the textbook. REVIEW PowerPoints for chapters 9, 10 and 17 of the textbook. COMPLETE exercises for chapters 9, 10 and 17 of the textbook. Using your chosen organization, write a two-page paper with the external factors that could either now or in the future affect your organization. Consider the critical success factors that pertain to the external environment. Use the SWOT analysis exercise on page 63 of the textbook to assist in your paper writing. Use third person writings do not use “I think” or “in my opinion” keep it factual, third person and follow APA standards a minimum of two references are required. Submit this assignment to your instructor via the dropbox "LP4 Assignment: Introduction to SWOT-EFE." This assignment is worth 40 points and will be graded according to the scoring guide below. my organization Cox health can be found at https://www.coxhealth.com
Explanation / Answer
Examples for Step 2
Strengths
Factors that have encouraged exceptional organizational performance are strengths. Examples include using state-of-the-art medical equipment, focusing on healthcare improvement, investments in healthcare informatics, highly trained medical personnel and top-notch medical services.
Weaknesses
Factors that affect healthcare quality or increase healthcare costs are weaknesses. Some examples are outdated healthcare facilities, fluctuation in the continuity of care due to poor communication, insufficient management training, poor use of healthcare informatics, and lack of financial resources.
Opportunities
New business initiatives available are considered opportunities by healthcare organizations. Some examples include collaborations with different healthcare organizations, development of new healthcare programs, increased funds for better healthcare informatics, and so on.
Threats
Factors that could harm the performance of healthcare organizations are considered threats. Examples include economic or political insecurity, increased demand for expensive medical technology, budget deficits on state and federal level, and increased pressure for reduction in healthcare costs.
4 Rules to Keep in Mind While Conducting SWOT Analysis in Healthcare
By following these steps, you will be able to conduct a proper SWOT analysis of your healthcare organization
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