Strengths. Factors that are likely to have a positive effect on achieving the objectives.
Weaknesses. Factors that are likely to have a negative effect on achieving the objectives.
Opportunities. External Factors that are likely to have a positive effect on achieving or exceeding the clinic’s objectives, or goals not previously considered.
Threats. External Factors and conditions that are likely to have a negative effect on achieving the clinic’s objectives, or making the objective redundant or unachievable.
SWOT Analysis and Processes
One of the most effective ways to conduct a SWOT analysis is not in isolation, but with a team effort. When the goal is shared, then a brainstorming session can be run. The different phases of SWOT analysis start with sharing the goal, followed by data collection, then filtering and sorting into the four areas and then prioritizing the elements.
Sample SWOT Scenario
As for the sample SWOT Scenario, we will utilize an example of a Dialysis Nurse in a Renal Care Unit in one of the Hospitals in Quezon City, Philippines. This SWOT analysis aims to address high turn-over rate in the Healthcare Unit. The...
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...imes failed to or delayed participation in overall activities in the hospital
Budgeting in Nursing Administration
Ron Wyden once quoted, “it’s time to look beyond the budget ax to assure access o health care for all. It’s time to look for solutions to the problems we can tackle today, and to work together for tomorrow – building the healthcare system that works for all.” These words are parallel to the generic principles of budgeting. It calls a need to forecast the resources required to deliver the services offered by an organization. A budget is a financial plan that includes estimated expenses as well as income for a period of time.
In particular, a nursing budget is a systematic plan that is informed best estimate by nurse administrators of nursing revenues and expenses. It projects how revenues will meet expenses and projects a return on equity or profit.
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