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SWOT for Reducing Hospital Readmission -Best Essay Writing Services for Students

A swot analysis is a strategic planning technique employed by organizations to shape performance. In healthcare, organizations can leverage on its strengths and opportunities to improve performance. This task demonstrates the formulation of a swot analysis for better organizational performance. Best Essay Writing Services for Students

The first step towards conducting the swot analysis will be to decide on its objective which will help to get the most out of the analysis. For instance, is the analysis meant to improve patient outcomes and does it necessitate any process changes? The second step will be to research on what other healthcare players are offering in the industry. Getting a range of perspectives by understanding what others are offering sets the stage for better understanding of the strengths and possible weaknesses (Misbah & Mahboob, 2017). A market research on what competitors is offering is a key step in doing the swot analysis.

The third step is to list the strengths of the organization. Some of the specifics include underscoring possible strength in financial resources, having skilled employees or a better investment in technology among other strengths (Abedi et al., 2018). This step will be followed by listing weaknesses then the potential opportunities and threats. It will also be key to address some of the priorities in the SWOT. For instance, how to use the available strengths to solve the emerging threats. Best Essay Writing Services for Students

In formulating the swot analysis, some of the data sources include the internal and external sources. The internal sources include opinions from employees and past experiences and how they can shape the formulation of the swot analysis (Aslan et al., 2014). The external sources include what is being offered by competitors, market surveys, performance indicators and competitor performance statistics.

The setting and individual conducting the swot analysis can influence the process and the results of the analysis. The setting determines competition and other external factor influences such as technological investment. On the other hand, the person carrying out the swot analysis can influence outcomes by being biased or focusing in one aspect as compared to other aspects. Best Essay Writing Services for Students