SWOT analysis

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This is part to my team assignment. I need a SWOT analysis for his or her organization. Learners may use the same organization from Week 2.


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Management Theory Table 1 MGT/521 Version 14 Mission, Vision, Values, and Management MGT/521 September 11, 2017 1 Management Theory Table 2 MGT/521 Version 14 Mission, Vision, Values, and Management Mission, Vision and Values explanation and administration are vital to coordinate an organization, its workers, and associates. A statement of purpose portrays the explanation behind the general reason of the business existence. The vision statement clarifies the connection as it ought to show up later on. The qualities proclamation portrays what the organization trusts in and how it will carry on. The administration is represented as the quest for hierarchical objectives productively and viable (Kinicki and Williams 2016). The vision proclamation is typically bolstered by the statement of purpose to convey the reason and to head of the organization to its representatives, clients, and potential partners. A clear comprehension of these announcements, the administration group, can effectively lead a business. This paper will analyze the human services organization Aetna's primary goal, vision, and qualities against its criteria and assess; and an examination between United social insurance, which is another therapeutic services organization. I will examine Aetna cored abilities and abridge its key objectives. Also, I will legitimize my assurance if Aetna satisfies its particular mission, vision, and qualities. Robust Statements Aetna is a human services association in the United States, the organization has been around since the 1850's, and they are committed to the well-being and prosperity of individuals. Aetna statement of purpose is to be committed to helping individuals accomplish welfare and monetary security by giving simple access to safe, financially savvy, top notch social insurance and ensuring their accounts against well-being related dangers (Aetna, 2017). A proficient statement of purpose depicts a one of a kind and fundamental reason that separates an association from its rivals. A statement of purpose ought to incorporate a detail of Management Theory Table 3 MGT/521 Version 14 the objective, for example, the clients, distinguish the item or administration, its geographic area, significant innovation, determination on its benefits, conviction and qualities, real qualities, and it’s clear obligation. As expressed in Aetna statement of purpose, their motivation is to be devoted to helping individuals, which characterizes their objective populace. The announcement represented to give well-being and money related security by providing simple access. This portrays the result of administration, land range and clear obligation. The statement of purpose additionally expressed that they will give financially savvy quality well-being and ensure the accounts against any well-being related dangers, this characterizes their convictions and esteem, monetary and real conditions. Aetna statement of purpose is robust and transparent since it distinguishes the organization reason of being and its objective. It is vital for an organization to have a statement of purpose that management can use to direct the organization effectively by knowing how to point and serve its representatives, clients, and partners. Aetna vision articulation is; Aetna will be a pioneer collaborating with specialists and doctor's facilities, bosses, patients, open authorities and others to fabricate a more grounded, more successful human services framework (Aetna, 2017). An organization vision proclamation is worried about the future business objectives. Aetna vision framework characterizes an apparent reason and course, it is fitting and had benchmarks of greatness, uplifting, it mirrored the uniqueness of the organization, and it was effectively caught on. The statement of purpose and the vision explanation, as a rule, relate to the declaration of purpose and characterize the motivation behind the business and the vision proclamation direct the eventual fate of the organization based on the reason. The vision articulation help administration to make the Management Theory Table 4 MGT/521 Version 14 significant strides towards the organization future improvement. Aetna vision articulation apparently portrays the objectives of the organization by coordinating with important partners to have a viable driving development in the human services framework. Aetna esteem proclamation is based off a center esteems that was made together as an organization with the supposition of more than 30,000 people, and with direction from their clients. As expressed by the director, CEO and president Mark Bertolini, "all that we do at Aetna begins with our qualities, which is an unmistakable, solid center convictions that reflects our identity and what you can anticipate from us, our qualities convey. However, our contemplations and activities consistently, move development in our items, administrations, and drive our sense of duty regarding magnificence in everything we do". The four esteems that Aetna lives by are through: 1) Integrity - Do the right think for the right reason. 2) Excellence -We strive to deliver the highest quality and value possible through simple, accessible and relevant solutions. 3) Caring- We listen to and respect our customers and each other so we can act with insight, understanding, and compassion. 4) Inspiration- We inspire each other to explore ideas that can make the world a better place. (Aetna, 2017) The esteem articulation is compelling in conveying the association center esteems to its inward and outer partners. An esteem articulation is the exceptional convictions of a gathering or a person that separate an organization from others. The esteem explanation helps the administration group to direct their specialties to accomplish the organizational goals. The Management Theory Table 5 MGT/521 Version 14 mission and vision comment does not relate straightforwardly towards the appreciation proclamation, but rather it helps direct an association representative to carry on morally. Aetna mission and vision explanation were clear, and it characterizes the motivation behind the corporation to its partners incorporating the objectives and goals of the organization, contrast with United Health mind which is one of Aetna contenders. Joined social insurance mission is to enable individuals to live more advantageous lives and to help influence the well-being to mind framework work better for everybody (Unitedhealthcare, 2017). This statement of purpose is a little powerless because it is feeling the loss of a lot of segments that a statement of purpose ought to have, for example, the geological range, major innovation, monetary, convictions, and qualities. Joined well-being vision was a solid contrast with Aetna's, Although Aetna vision incorporated every one of the segments a dream articulation ought to include, United social insurance had three concept explanation to take after that were all evident, proper, motivating, special, and adequately comprehended with guidelines of greatness. Joined human services additionally had an incredible esteem explanation that included Integrity, empathy, connections, Innovation, and execution which were all certain on the organization targets. Originally, I thought the two organizations were novel in making their qualities. However, they both are comparable in many of their convictions. Aetna Core Competencies. Core competency is a unique method to utilize for an organization to isolate their organization from similar ones. One of Aetna center fitness is based on its relationship administration; the organization accepts through the support of a solid outer and inside connection they can make a reliable brand. Aetna trust that developing their external relationship can upgrade their capacity to fulfill all clients while surpassing the organization Management Theory Table 6 MGT/521 Version 14 destinations. Remaining in consistency is likewise a center competency for Aetna, by guaranteeing that the new laws are executed within the business. Aetna has been attempting to improve the therapeutic services framework by doing projects to enable its partners to end up plainly more occupied with their well-being. In 2010, they dispatched a group based wellness and sustenance program for every one of its bosses across the nation; they have around 2.5 million individuals in ailment management and case management programs that assist people with ceaseless conditions, to get the treatment and preventive care required. Aetna is one of the biggest medical coverage organizations in the U.S.A, with more than 26,000 representatives and 45 million clients over their distinctive decisions of protection. In 2012, Aetna and its establishment granted more than $14.6 million to charitable associations, with an extra $6.8 million from its workers, chiefs, and retirees. There are right now 54 dynamic Aetna volunteer's chambers in 46 unique urban areas of which 6,000 are Aetna representatives. As expressed in their primary goal, vision and esteem proclamation, Aetna thinks about the strength of the general population and through the Aetna way, which reflects their identity and what you can anticipate from them. The estimation of the organization is conveying. However, their considerations and activities consistently to move advancement in their items and administrations and drive their sense of duty regarding greatness in whatever they do (Aetna, 2017). Aetna behavior and business goals. Aetna’s objectives and targets are to their primary goal, vision and qualities proclamation. The announcements of the organization condensed that they need to be the pioneer in the therapeutic services field through a commitment to helping individuals accomplish well-being in a sheltered high caliber and financially savvy way. With Management Theory Table 7 MGT/521 Version 14 this objective, Aetna extended Internationally by serving 400,000 clients in more than 100 countries close to the gathering protection offered in 49 states in the United States. In the previous five years Aetna incomes, have expanded because of development of individuals. Aetna objectives incorporate developing part's engagement and associations, overseeing innovation enhancements and enhancing its association with human services suppliers (Aetna, 2017). With this goal, in 2014 Aetna gained the human services design earlier known as Coventry mind, in 2015 the organization made so much progress that the income from operations increment by 15% to $3.9 billion, and in 2016 the organization extended its operations to 1,093 areas in 39 states. Aetna business methodology is to advance feasible practice broadly and global to encourage the soundness of their individuals, and representatives (Aetna, 2017). These objectives are plainly expressed for workers to concentrate on so the organization can keep on achieving its vision. My Determination. The mission, vision and qualities articulations of Aetna, I believe that the organization satisfies these convictions. I worked for Aetna, and I learned how to act the Aetna route, by ensuring that my job there was done for the right reason. I also learned how to give greatness by providing quality support to individuals and helped them to take care of their issues in the least sophisticated and straightforward way. Working for Aetna, you are required to set objectives for yourself utilizing the esteem articulation twice per year; this has been an incredible help to remind employees to proceed, to live and work through the esteem proclamation. Aetna mission is devoted to helping individuals accomplish well-being and ensure their accounts against well-being related dangers, as a part benefit delegate for Aetna. I concur this is our duties day by day because they educated us to treat every individual that go ahead the Management Theory Table 8 MGT/521 Version 14 telephone similarly with deference and give them the help to keep on living a sound way of life by assisting with setting up medical checkup. Conclusion The mission and vision articulation give the motivation behind an organization to its partners, and the esteem explanation is the novel convictions to explain where the corporation set their resources. The organization I presently utilize with, Aetna has a solid statement of purpose contrast with its rivals, and its vision articulation it's reasonable, proper and moving. These are exceedingly essential for the administration group to control its workers to meet their objective. Aetna's objectives, targets and the esteem proclamation, have been enhancing over the most recent five years. They want to keep on growing to be the pioneer collaborating with specialists and doctor's facilities, businesses, persistent, open authorities and others to assemble a more grounded, more successful medicinal services framework (Aetna, 2017). Management Theory Table 9 MGT/521 Version 14 References Aetna Mission and Values. (n.d.). Retrieved 09/10/2017, from https://www1.aetna.com/aboutaetna-insurance/aetna-corporate-profile/aetna_mission_statement.html Group, U. (n.d.). Mission & Values. Retrieved 09/10/2017, from http://www.unitedhealthgroup.com/About/MissionValues.aspx#value1 Kinicki, A., & Williams, B. (2016). Management: A practical introduction (7th ed.). New York, NY: Jones McGraw-Hill Education
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Running head: AETNA SWOT ANALYSIS

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Aetna SWOT Analysis
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AETNA SWOT ANALYSIS

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Aetna SWOT Analysis

Aetna is a healthcare insurance provider for the healthcare industry to help customers
with their health, life, injury, and death. Additionally, Aetna provides other services that revolve
around consumer health insurance products regarding improving public health. To obtain a better
understanding of Aetna’s business strategy and potential, a SWOT analysis will be conducted. A
SWOT analysis helps develop a business strategy by ensuring the strengths, weaknesses,
opportunities, and threats are considered with respect to the market. Additionally, a SWOT
analysis can help a company assess the changes in the environment and respond.
Strengths
The strengths in a SWOT analysis represent the positive attributes that are internal to the
company. These items are within the control of the organization. Aetna has many strengths that
will be discussed. Aetna provides health care to different segments and with over 18 million
members. Furthermore, the company is a leading provider with respect to healthcare, pharmacy,
disability, and dental ...


Anonymous
Excellent! Definitely coming back for more study materials.

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