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Evolent Health Inc

Student’s Name

Institution

SWOT Matrix

Strengths High quality services Advanced technology Qualified personnel Weaknesses Marketing deficiencies Management challenges
Opportunities Application of new technology Expansion into new markets Diversification of services Threats Competition Tough government policies Economic slowdowns

  • This SWOT matrix summarizes the major internal and external factors that affect the operations of Evolent Health Inc.,

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Factors that affect the firm’s environment

Limited resources

Management inefficiencies

Employee behavior

Stiff competition

Government rules and regulations

Top 3 concerns

  • Seeking additional resources
  • Improve management efficiency and effectiveness
  • Improve services to be more competitive
  • Different factors exist in the internal as well as the external environment
  • They affect the organization different
  • They need to be handled in different ways

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Enhancing Strengths

  • Evolent Health Inc., needs to hire professionally trained staff to boost the quality of services offered
  • It is also necessary to invest in latest technology
  • This will enable the firm to maintain its efficiency and effectiveness in service delivery
  • Necessary investments should be made to boost strengths (Sadler, 2003)
  • The organization needs to concentrate on technology for the purpose of delivering the best services

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Minimizing weaknesses

  • The organization needs to apply more effective marketing strategies
  • This will ensure that the right clients are targeted and provided with the right services
  • The management team needs to learn from successful firms
  • This will enable them to apply effective approaches
  • Through effective marketing, Evolent can expand its market and offer services to more clients

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Maximizing opportunities

  • Evolent can dispatch a larger team to research where they can establish their services
  • This will enable the organization to reach new markets
  • The firm should also diversify its products and services to serve more clients
  • Diversification gives clients more options to choose from (Berkowitz, 2016)
  • The organization needs to focus on diversifying its products and services in order to serve more clients
  • This will also expand its market boundary

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Overcoming threats

  • One of the threats is competition
  • This can be overcome by improving the quality of products and services offered
  • The company is also faced by economic challenges
  • This can dealt with through making informed and rational financial decisions
  • Through the application of effective strategies, the firm will be able to boost the services it offers and this will overcome the threat of competition

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Summary of the SWOT analysis

  • The company enjoys the advantage of using advanced technology to offer high quality services
  • However, it suffers the weakness of management challenges
  • There is an opportunity of expanding into new markets and offer more services
  • The efforts are threatened by stiff competition
  • The management team needs to pay attention to the SWOT analysis so as to understand the exact condition of the organization
  • This will assist them to make the right decisions

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Recommendations

Training managers to boost their efficiency and effectiveness

Investing in technology

Diversification of products and services

  • Recommendations are meant to boost operations
  • Their implementation is critical for the success of the organization (Sadler, 2003)
  • The major recommendation is for managers to be trained so that they are equipped with relevant skills and techniques
  • These will enable them to run the firm effectively

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References

Berkowitz, A. (2016). Essentials of Healthcare Marketing. Burlington, MA: Jones and Bartlett Learning.

Sadler, P. (2003). Strategic Management. London: Kogan Page.