Memorial Hospital

Suppose that you are the new Chief Executive Officer at Memorial Hospital. Memorial is a Nonprofit hospital with 300 beds and is located in a busy metropolitan area directly adjacent to a large university.  The memorial is the only hospital within a 20-mile radius of campus, but construction on a new, competing hospital has just started within 5 miles.

A SWOT analysis, or matrix as it is sometimes called, is a method that evaluates the strengths, weaknesses, opportunities, or threats related to an organization’s overall strategy, an individual project, or a product decision-making procedure. A SWOT analysis can help you identify opportunities that your business could take advantage of to make greater profits.

ASSIGNMENT DESCRIPTION

Develop a SWOT demonstrating how the SWOT can help in the budgeting process.  Use an actual SWOT diagram as listed below and list 4 strengths, 4 weaknesses, 4 opportunities, and 4 threats in your diagram on doing a SWOT in the budgeting process.