Question

List six (6) reasons why a SWOT analysis is important for a new medical office.

Answer 1

SWOT analysis is important for a new medical office for the following reasons:
1. It concentrates on the most important factors affecting the new business thus helping the business to identify its weakness and strengths.
2. It helps to address the identified weakness
3. It helps to capitalize on the strengths of the new medical company.
4. It helps to develop business goals and strategies to achieve business goals of the new company.
5. It helps the new company to identify and deter threats.
6. It will help the new medical company to identify its opportunities and to capitalize on them.<span />