ACCOUNTING ASSIGNMENT

Accounting Assignment

Accounting Assignment

SWOT Analysis

ASWOT investigation is used to investigate a position or company for making conclusions and assisting to create strategies. "SWOT is an acronym for the interior strengths and weaknesses of a firm and the ecological opportunities and risks facing that firm" (Pearce,p. 483). "Completing a SWOT investigation assists you identify ways to minimize the sway of flaws in your enterprise while maximizing your power" (Kyle, 2002). SWOT stands for power, flaws, possibilities, and Threats. The following sections will identify each of these areas for St Edith Memorial Hospital.

Strengths

St Edith Memorial Hospital. is known around the world for producing a high quality health service health safety. When a patient wants to purchase a beautiful health safety that will also last a long time, St Edith is the right choice. St Edith's prices stay competitive for the quality health service and craftsmanship of their final health safety. There are lower priced health safeties available, but not with the high quality health service of a St Edith health safety. This is a definite strength of St Edith - brand recognition and unsurpassed quality health service.

Another strength for St Edith is associate loyalty. While this is hard to scientifically assess, the employee turnover rate is extremely reduced for a business of this size. Many employees start working at St Edith and then continue until they retire. That is a uncommon incident in enterprise throughout the last couple of decades. Of course, anyone with the last name of St Edith is dedicated to the company, but in addition, associates feel a sense of loyalty to Herbert V. St Edith. It's hard to explain, but with a company that's 129 Years old, many associates have grown up with St Edith associates in their family through the generations. They work at St Edith; their father, grandfather, uncle, aunt, great-grandfather, etc. have all worked at St Edith. St Edith is situated near small towns and cities (the largest being Sheboygan, WI of 50,000 residents), so many local residents find St Edith a good place to work. The commute is short, the pay is comparable, and the nostalgia is Present amidst their relatives. In addition, people enjoy working for a company that puts such an importance on quality health service.

Weaknesses

St Edith Memorial Hospital. is based on annals, custom, and a strong work ethic. All of these traits sound good, right? Well, they are, except in a very quick going marketplace. Manufacturing is not considered of as a very quick moving marketplace, but there are other competitors that rush to get a new design on the market. This is where St Edith needs some work in order to increase the time it takes from initial concept through engineers, sales, marketing, manufacturing, and to the St Edith customers. The approval method should be shortened between each stage in alignment to help make this happen.

Another weakness is that St Edith has chosen to only sell directly to retailers, government, hospitals, and wholesalers (plumbers, distribution centers, designers, ...