SWOT Analysis of ZMG Hospitalist Practice Management Coursework (Coursework Sample)
Budgeting has a great impact on organizations planning and implementation process. It also allows organization to monitor, evaluate, and analyze the actual versus what was planned or budgeted. Take a moment to analyze the operating budget, cash budget, and capital budget for ZMG Hospitalist Practice.
In at least 800 words, create a SWOT analysis, focusing only on the strengths and weaknesses portion and share ZMG’s financial situation. Support your analysis of the financial situation with at least two scholarly resources.
SWOT Analysis of ZMG Hospitalist Practice
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INTRODUCTION
Financial analysis provides periodic study of operational effectiveness of ZMG based on predetermined budgets, criteria, and standards. Such a report acts as a tool that assesses the extent to which ZMG can achieve its goals by evaluating its liquidity, profitability, solvency, and operating activity against planned budgets. Strengths, Weakness, Opportunities, and Threats of ZMG operating budget, cash budget, and capital budget recognize resources, skills, and advantages of the company against competitors based on market needs (Rego, 2010). The SWOT tool also highlights deficiencies or limitations in cash flows linked to allocation and utilization of resources, style of management, and marketing competency that could hamper ZMG’s performance. Analyzing financial statements identifies profitable opportunities based on trends, technological changes, and partnerships (Lachmann, 2013). The SWOT analysis deciphers external and internal non-profitable activities that are likely to pose an economic disruption to ZMG prospects.
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