Paper Example on Alere Inc. Missions and Strategies

Existing Mission

The organization has a mission to train more doctors who can help the patients whose In Vitro Diagnostic process do not become successful. The firm aims at reducing the price offered for treatment and offer the services at affordable rates so as to win the low-income patients. There is also an existing mission of treating patients who have an emergency case with the help of insurance payment if the patient has a card. Another mission in Alere Inc. is to employ more workers since employees have a great impact on the firm as far as production and profit making is concerned. Alere Inc considers employees as crucial assets in the organization.

Is your time best spent reading someone else’s essay? Get a 100% original essay FROM A CERTIFIED WRITER!

Save 25%

Existing Objectives

To find out the impacts of employing more doctors in the firm

To analyze the internal and external environment of Alere Inc and what can be done to improve its performance

Existing Strategies

The firm has an existing strategy of buying more machines to handle more patients subsequently without wasting much time in the queue. This helps in increasing efficiency in treatment session and patients wouldn't have to wait for so long for their turn to see the doctor. A strategy to implement advanced machines for In Vitro diagnostic analysis helps to increase treatment accuracy. This leads to exchanging ideas and formation of a team within the organization leading to growth and development.

The firm implements various strategies such as minimizing the price of services and drugs in the firm to win more clients. Another strategy in Alere Inc. is working on products and services differentiation. This is made possible through offering quality services to the clients compared to those offered in other competing firms. The firm uses another strategy like treating customers with care and respect; increasing on ethics code of conduct and handling patients' information with privacy and confidentiality which leads to better results and attract more clients (Government.ae, 2014)

New Missions

New missions address the following 9 components

Who Are the Firm’s Customers?

The firm's customers are the patients from the local area and some come from different parts of the country. The firm plans to gets customers from abroad and other consult the hospital medics over online. Because of the increasing need of in Vitro diagnostic, the hospital has a high demand from many people who are the customers. Also, the firm plans to have a wide range of services including the admission of patients with emergency cases making it convenient for many clients. The mission is to increase the number of customers in the firm.

What Are the Firm Major Products and Services?

The Alere Inc. is a medical organization dealing with medical services in vitro diagnostic. The firm offers treatment and thus deal with pharmacy department for the patient's drugs. This will make it easy to maximize the profit in the organization because the firm has many branches. The firm has a mission to have the variety of drugs; by dealing with products such as drugs and services on medical treatment, the firm minimizes the risk of loss-making as well as ensuring that it uses its resources to the maximum.

Where Does the Firm Compete?

Alere compete with Becton Dickinson and Vincent Firenze. However, Alere has more followers and win most clients. The firm has a mission to widen the competition level by having more companies to compete with in future. The medical organization is located in a strategic place with accessible infrastructure making it easy for patients to access the organization. The firm also has prominent and competent doctors and nurses who handle patient with care making it have a good reputation.

Is the Firm Technologically Currently?

Alere firm is equipped with technological equipment for in vitro diagnostic processes. The organization new mission is to increase the number of equipped doctors with skilled workers who are technologists and can operate the machines. Technology is helping to transform business. Different programming, equipment, and other approaches will be used to conquer the problems (Aptel, 2013)). The project will concentrate on accomplishing productivity, consumer loyalty, cost adequacy and income era. In the effort of satisfying the customers' demands and winning their loyalty, Alere Inc. management will learn about the essence of creating good customer relationship and obtaining customers' feedback through technology.

Is the Firm Committed to Financial Growth and Soundness?

The new mission of the firm is to achieve a financial growth which can be enhanced by coming up with various strategies that can boost growth. Alere firm is willing to get committed to working hard to achieve the planned goals and objectives. The new aim is to increase the profit the company makes by the end of each financial year.

Philosophy

The firm mission is to improve on ethic issues and mixing of beliefs and culture. The firm also values civil rights and money making. The goal is to maximize the profit and services to the customers by respecting their culture, beliefs, and customs during treatment.

The Firm’s Competitive Advantage

The firm competitive advantage of Alere firm is that the firm has competent and qualified doctors who treat the patients and the process becomes successful. The firm has advanced machines to diagnose causes of patient illness making it possible to win more clients. The firm has a good reputation and most rich people in the society like being associated with it which attract more clients.

Concerns for Public Image

The firm's mission is to be responsible for social, cultural values and environmental issues within the community; because through its services to the members of the society, this helps people to solve problems of illness within the society. The hospital plans to help many families to achieve their dreams of having children which is according to the society's culture (Cory, 2017). Thus, Alere Inc. plays a vital role in bringing harmony, peace, love, social relationship enhancement, among others in the society.

Concerns for the Employees

Employees play a vital role in Alere's firm since one employee generates $240.5k which makes the firm achieve its objective of maximizing profit. Thus, employees are valuable assets in Alere's Inc. Without employees, the output could be low leading to inefficiency in the production rate. Based on research, a financial statement for each year in Alere shows that the firm makes $400m funds out of employees input. This makes Alere firm to have a new mission of paying workers without default and motivating them.

Existing Business Model

In Alere Inc. firm, there I utilization of point-of-care testing g model which is an existing technique in the organization meant to increase testing of illnesses on patients. The model has helped the firm to accomplish the goal of serving many clients and maximizing the number of clients who get tested daily. The model can be applied to test as many illnesses as possible including the HIV and cardinal related diseases. Another advantage of this model is in its immediate action taken to take care of patients and accuracy in the entire test done (Cory, 2017). Although the model does not guarantee a 100% accurate result, it helps in increasing the percentage of accuracy compared to using other techniques. This model is also easy to use and many medics do not need specialized training to apply it making it cost effective to the firm. The point-of-care model utilizes advanced technology and its application in Alere Inc. which help to boost the organization's performance.

References

Aptel, M. (2013). The roles of the surgeon in a business company. Chicago: press durax.

Cory Renauer. (2017) Alere Inc. Shares Surge after Renewed Commitment from Abbott Laboratories. Retrieved from Retrieved romhttp:/www.fool.com/investing/2017/04/17/alere-inc-shares-surge-after-renewed-commitment-fr.aspx

Government.ae. (2014). Healthcare Providers. Retrieved from https: //government.ae/: https: //government.ae/en.infformation-and-services/health-and-fitness/healthcare-providers

O'Reilly, T. (2015). What is Web 2.0? Design patterns and business models for the next generation of software. Retrieved from Retrieved from http:/ www.oreillynet.com/pub/a/oreilly/tim/news/2005/09/30/what-is is web-20.html.