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Essay / Mayo Clinic Swot Analysis - 1412
The Mayo Clinic started slowly, from Dr. Mayo who practiced medicine, to a current clinic that treats and offers consultation and other medical services. From the beginning, creativity to bring new ideas was their principle. Clinical medical practice involves bringing together resources to solve their patients' problems. The clinic's founders, Mayo and his wife Louise, believed in charity and social conscience. Their view on life meant that no man, woman or child was born to suffer. They were great advocates of the concept that life is not just about what others owe us, but also what we owe others and what we can do to end suffering in the world. world through scientific research. This formed the basis of the Mayo Clinic in its early days and is the strength of its success today. As this medical institution began to take shape, this sense of support and responsibility to society became the medical foundation for commitment to the hope of medical research. (Howard, 2004). Internal assessment of a company involves elements such as a mission statement, vision and core values that drive the company internally to achieve its goal. It also involves internal audit to enable an organization to set its long-term objectives, generate, evaluate and select strategies, implement these policies and finally measure its performance to ensure that it achieved its initial objectives. Mayo Clinic has written its mission statement and vision, clearly articulated its core functions, and conducts regular internal performance audits. This practice allowed clinic staff to understand their role and the impact it will have on the performance of the institution. In management, workers who understand their role perform better, which is what Mayo Clinic has implemented to manage its future expenses to enable it to remain competitive in the market. This means clearly defining the steps Mayo Clinic is taking to manage its resources appropriately for the clinic's future prosperity. Mayo Clinic identified necessary resources, set goals, analyzed data and made financial decisions that allowed it to realize its full potential in the healthcare industry. Mayo Clinic has achieved strong financial and operational performance in all the years since its founding. Its financial foundation has given healthcare institutions the ability to grow and emerge financially strong. The Mayo Clinic network has grown significantly over the past hundred and fifty years, from the United States to other countries. Physician collaboration has also improved healthcare in various countries. (Mayo Clinic, 2010).