7 pages/≈1925 words
Business & Marketing
SWOTT (Essay Sample)
- Create a SWOTT table summarizing your findings. Your environmental analysis should take into account, at a minimum, the following factors. For each factor, identify the one primary strength, weakness, opportunity, threat, and trend, and include it in your table. o External forces and trends considerations: - Legal and regulatory - Global - Economic - Technological - Innovation - Social - Environmental - Competitive analysis o Internal forces and trends considerations: - Strategy - Structures - Processes and systems - Resources - Goals - Strategic capabilities - Culture - Technologies - Innovations - Intellectual property - Leadership Write a 1,600 word synopsis in which you analyze at least seven of the forces and trends from the list above. Your analysis must include the following: o Include economic as well as legal and regulatory forces and trends. o Critique how well the organization adapts to change. o Analyze the supply chain operations of the organization. o Identify issues and/or opportunities: - Identify the major issues and/or opportunities that the company faces based on your analysis above. - Generate a hypothesis surrounding each issue and research questions to use for conducting analysis. - Identify the circumstances surrounding each issue; classify the circumstances; attribute the importance of each classification; and test the accuracy of the importance for each classification. - Attach a copy of your completed SWOTT table. source..
SWOT ANALYSIS Name: Grade Course: Tutor’s Name: (28, October, 2010) SWOT Analysis Introduction A SWOT Analysis is a tool that is used in strategic planning to assist the organization in identifying its internal and external environment by analyzing its Strengths (S), weaknesses (W), opportunities, (O), and threats (T) (Dyson, 2003). Strengths and weaknesses are internal while opportunities and threats are external. This analysis helps the organization in planning on how to stay competitive. This paper will provide a detailed SWOT analysis for Medhelp Data Backup Services Company. Medhelp Data Backup Services Company was established fifteen years ago. The company, which is based in New York, specializes in providing data backup services to its clientele. The clientele is mainly composed of small and medium sized medical and dental hospitals and clinics based in New York City and its environs. For these clients, it would be unreasonably expensive to invest in the IT technology that is required to ensure that their data is frequently backed up. With its resourceful expertise in IT technology, Medhelp Data Services identified the opportunity and decided to specialize on providing medical data backup services for these clients. External forces and trends considerations: Legal and regulatory There are legal and regulatory requirements in regard to how medical care providers should store and manage their data. The most popular of this is the Health Insurance and Portability and Accountability Act of 1996 (HIPPA) (Centres for Medicare and Medic Aid Services, 2010). As a specialized medical data backup services provider, Medhelp ensures that its clients’ data storage and maintenance is compliant to this Act. HIPPA compliance includes ensuring that patients’ personal data remains private and secure as is contained in the Private Health Information (PHI) rule. This rule provides regulations on who should have access to private data and information that is collected by medical care givers in the course of their work. To comply with this rule, Medhelp ensures that data is encrypted while it is being stored in the remote backup servers and even during its transmission through the network. The Data is also uploaded through a Secure Socket Layer. Apart from the data being encrypted, there are access control policies on who should access data that is stored on behalf of the clients. Clients are advised to limit the number of people authorized to access their information to a bear minimum. The Medhelp server rooms where the PHI data is stored are heavily secured locked and only accessible by authorized personnel with key cards. There is reliable surveillance. Because of its expertise and specialization in medical data services, this is an opportunity for Medhelp to assist more clients in complying with these regulations which most health providers may consider complicated. The weakness and primary threat in complying HIPPA is found while the data has to be transported through hard drives such as CD/tape as this data can end up in the wrong hands. The only time when storage is in form of DVD/CD/tape is during the initial transfer of data and only when the client’s internet speed is too low to transfer heavy data. Any additional data by the client is easily transferred through the internet. Technological Medhelp is in the high technology industry. There are business opportunities in this world as businesses, individuals and even governments have to rely on technology on a daily basis. There are a lot of investments that are required for a business to have the kind of technology that is reliable and accessible. The investment is in terms of equipment, software licenses and purchase and in IT personnel. Maintaining an IT facility is expensive and especially since technology keeps changing at a first speed. Most businesses...
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