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SWOT Analysis is a cornerstone in strategic planning, identifying Strengths, Weaknesses, Opportunities, and Threats that shape an organization’s business landscape.
Analysis covers internal attributes like staffing and technology as well as external conditions such as market trends and competition.
Addressing internal inefficiencies and identifying avenues for growth are common challenges that a SWOT Analysis can help to resolve.
According to Becker’s Healthcare, effective SWOT Analysis is essential in today’s complex healthcare market. It offers a balanced overview for decision-making and strategy formulation.
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