(Solution) Nr533 Week 6: Business Plan Development: SWOT analysis

The SWOT analysis is a necessary component of planning a project and preparing the business plan. Based on your PICO(T) and project proposal, discuss what information you need for the SWOT in order to provide rationale and validity for your project.

Solution:

A SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis as defined by Young (2017) is a tool that coaches the nurse managers, clinical leaders, nurse educators, nurse mentors and staff concerned with the analysis of what is productive and less effective in healthcare systems and procedures, in development of a business plan. A SWOT is employed in the planning and analysis of activities that could influence the planning and management of future financial decisions to facilitate the management and clinical staff in undertaking a more comprehensive and detailed analysis. In the endeavors to provide validity and rationale for my project, I ought to perform a SWOT analysis for my business. The information required for the projects strengths include company’s provision of wellness for the nurses, provision of on-site…Please click the Paypal icon below to purchase full solution for only $5