Odyssey Health Care Harvard Case Solution & Analysis

Odyssey Health Care Case Study Solution

Weaknesses:

Shortcomings are the territories, abilities or aptitudes in which Hospice Odyssey needs improvement. It restrains the capacity of the firm to assemble an economical upper hand. Shortcomings originate from the needs or nonattendance of five secret weapons and abilities which are the previous capabilities and achievements, monetary assets, activities and procedures, human resource and physical assets, for example, land, premises.

  1. Inventory Management: Based on the subtleties given in the Odyssey Healthcare contextual analysis, we can presume that Hospice Odyssey is not effectively dealing with the stock and money cycle. There is enormous extent of progress in stock administration(Robert F. Higgins, 2013).
  2. Track record on condition thought is not empowering: Hospice Odyssey’s reputation in ecological issues is not exceptionally promising. This can prompt buyer reaction as clients are presently thinking about ecological insurances as basic to part of working together.(Robert F. Higgins, 2013).
  3. Organizational Culture:It appears that association culture of Hospice Odyssey is not overwhelmed by turf wars inside different divisions, prompting supervisors keeping data near their chests. This can prompt genuine barricades in future development as data in storehouses can prompt substandard chances in commercial center.(Robert F. Higgins, 2013).
  4. Lack of work power decent variety: It is accepted that Hospice Odyssey is not differing enough, given that the greater part of its development so far is in its residential market. This can decrease the capability of achievement of Hospice Odyssey in the universal market.(Robert F. Higgins, 2013).
  5. Implementation of Technology in Processes:Even however Hospice Odyssey has coordinated innovation in the backend forms it is still not ready to bridle the intensity of innovation in the front end forms.
  6. Lack of basic ability:It is accepted that Hospice Odyssey is experiencing absence of basic ability particularly in the field of innovation and advanced change. Hospice Odyssey is attempting to rebuild forms in light of improvements in the field of Artificial Intelligence (AI).

Opportunities:

Openings are large scale condition variables and improvements that Hospice Odyssey can use either to merge existing business sector position or use them for further development. Openings can rise up out of different factors, for example the political improvements and arrangement changes, monetary development, increment in buyer extra cash, changes in customer inclinations, and mechanical advancements.

  1. Developments in Artificial Intelligence:Hospice Odyssey can utilize improvements in man-made reasoning to all the more likely foresee buyer request, take into account specialty sections, and improve proposal motors.
  2. Reducing the Cost of Market Entry and Marketing into International Market:The globalization alongside blast in computerized showcasing and internet based life has impressively decreased the dangers of market section and advertising in universal market(Robert F. Higgins, 2013).
  3. Increase in Consumer Disposable Income:Hospice Odyssey can utilize the expanding discretionary cashflow to fabricate another plan of action where clients can begin paying dynamically for utilizing its items. The Hospice Odyssey can utilize this pattern to extend in nearby territories Government, Growth methodology and Venture capital.(Robert F. Higgins, 2013).
  4. E-Commerce and Social Media Oriented Business Model:E-trade plan of action can help Hospice Odyssey to tie up with nearby providers and synchronized suppliers in the universal market. Web based life development can help Hospice Odyssey to decrease the expense of entering in new market and coming to clients at an altogether lower advertising spending plan. It can likewise prompt publicly supporting different administrations and purchaser situated advertising dependent on the information and buy conduct.
  5. Access to International Talent in Global Market:One of the difficulties Hospice Odyssey confronting right currently is restricted access to abnormal state ability advertise in view of constrained spending plan. Venture into global market can help Hospice Odyssey to take advantage of worldwide ability advertise. It can likewise help in bringing the ability into residential market and venturing into new zones Government, Growth system and Venture capital(Robert F. Higgins, 2013).
  6. Increasing Standardization: Hospice Odyssey can use this pattern to lessen the quantity of contributions in the market and spotlight the advertising endeavors on just the best items.

Threats:

Dangers and treats are full scale condition components and advancements that can crash Hospice Odyssey’s plan of action. Hazards can rise out of different factors, for example mechanical advancements, financial development, political improvements and arrangement changes, changes in customer inclinations, and increment in purchaser extra cash.

  1. Increasing the dealing intensity of purchasers: Over the years the haggling intensity of clients of Hospice Odyssey has expanded fundamentally that is putting descending weight on costs. The organization can seek after level combination to solidify and bring efficiencies, yet I trust it will be a momentary alleviation. The Hospice Odyssey needs essential changes in plan of action as opposed to the restorative changes.(Robert F. Higgins, 2013).
  2. Government Regulations and Bureaucracy: Hospice Odyssey should watch out for the quick changing government guidelines under the developing weight from dissent gatherings and non-government association particularly with respect to natural and work well being viewpoints.
  3. Growing Protectionism:Hospice Odyssey should fence the hazard against developing protectionism extending from putting away information into global market to expanding hazard by working into nations at various monetary cycle.
  4. Squeezing Middle Class in Developed and Developing World:The developing disparity is one of the greatest danger to globalization as well as to private enterprise. Hospice Odyssey direct saw the effect of it where it has seen lower request of its items from white collar class clients in the US and EU showcase.
  5. Culture of sticky costs in the business: Hospice Odyssey works in an industry where there is a culture of sticky costs. This can prompt failure on some portion of the association to build costs that its superior costs merit.(Robert F. Higgins, 2013).
  6. Increasing costs segment for working in created advertise due to natural guidelines:Hospice Odyssey needs to manage these expenses as the government is attempting to exact higher ecological duties to advance cleaner choices. For Hospice Odyssey it might result into higher synchronization expenses and higher bundling costs.

Decision Making:

As it is mentioned above that after the incorporation of Hospice Healthcare Centers in 1996, the company started to make profits in the year 2000, which is a good sign for Odyssey for its future growth and developments. So, in short, the exit from the Hospice Healthcare services is not the best option for the company, as it can be observed that the exit from the business is not tolerable by their existing investors as they were eager for liquidity. So, it has been decided for the company to go with initial public offering by selecting the conventional route of it because in conventional route, one or more investment banks would be involved as intermediary and the availability of the shares will be dependent upon the early investors, which minimizes the risk for the company. The conventional route of an initial public offering is considered the safer route to go in public than the open initial public offering, which could be more volatile and full of the market swings that the current market condition have, after the collapse in the boom of Dot-Com in the year 2000, which has led towards the depressed economy………..

 

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