Nursing Swot Analysis In Nursing

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3. SWOT ANALYSIS SWOT ANALYSIS is one of the appraisal stages of nursing projects. It simply means strengths, weakness, opportunities, threats. It is an acronym for the strengths and weakness of a business and the environmental opportunities and threats facing the business. It involves the step to step identification of those factors and the strategy that reflects the best match between them. It involves an assumption that says an effective strategy will maximize a firm’s strengths and opportunities but at the same time maximizes its weakness and threats. This is used in designing and selecting an effective strategy to be employed by the organizations. It is mostly used during strategic planning by the management of the organization. Management…show more content…
Factors such as macroeconomics, market trends, technological and legislation changes, labour market, promotion options, people who have influence over ones life are considered. In relating to others in the society, a nurse should consider strengths and opportunities as helpful, and weakness and threats as harmful and thus has to be careful and see SWOT analysis as a rewritable tool in her hand. People of all professions should know their opportunities which are directions they can go based on the flow of the environment depending on the strength. They should also leverage on it to map-out good strategies in achieving their life’s objectives while considering threats as those negative factors that affect them and thus preventing them from achieving their objectives. They should find the best alternatives to overcoming…show more content…
Managers at all levels make their decisions based on forecasting either directly or indirectly. It connects and individual or organisation with its environment especially as the changes in environment affects the present and future conditions of the individual (nurse) or organisation (hospital). As the dynamism and complexity of the environment increases and accurate forecast of future conditions become difficult. It is a process of estimating what will happen in the future or levels of activity and it invades timing, magnitude of operations. While it involves estimating a future event by projecting on past data, prediction is estimating a future event based on subjective considerations other than just past data. Forecast are made regarding sales, production cost, financial requirements of the
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