A SWOT analysis is used to assist those involved in the strategic planning process in compiling information pertinent to formulating the rest of a strategic plan. Although the information garnered from such an analysis can help to formulate strategies, the SWOT analysis itself does not always render concrete answers. For example, something found in the SWOT analysis might not fit neatly into one of the categories, but instead can be placed in several depending on which perspective you are looking at the characteristic from.Assume that you are asked to complete a SWOT analysis for a fictional, large, physician cardiology practice. You are having a hard time fitting all of the characteristics into the SWOT analysis categories. After careful deliberation, you complete the analysis and submit it for review to the practice manager.The question: When it comes to the category of threats and how the competition against other insurance companies and just other candidates period in the healthcare industry is a threat. Please provide your point of view why this topic is placed in the threat category, please expand and explain on your thought process.1-2 paragraphs
Q Swot analysis threat strategic planing process healthcare industries
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