Capstone: Develop an executive level Power Point presentation, (UnitedHealth Group)

User Generated

Qhaoebbx12

Business Finance

Description

This is a 8-12 slide Power Point presentation with speaker notes and appropriate graphics. Please review all the instruction before accepting the question. I will also attached the last two papers regarding the company I chose which is (UnitedHealth Group).

Unformatted Attachment Preview

ASSIGNMENT 4: Capstone In this assignment, you are to use the same corporation you selected and focused on for Assignments 1, 2, and 3. (UnitedHealth Group) Consider the corporation you have selected to use in your first three assignments. Identify one of the firm’s major competitors that you would consider working for. Research the corporation on its own Website, the public filings on the Securities and Exchange Commission EDGAR database (http://www.sec.gov/edgar.shtml), in the University's online databases, and any other sources you can find. The annual report will often provide insights that can help address some of these questions. Develop an executive level Power Point presentation with 8 -12 slides with speaker notes and appropriate graphics or professional video. You will do a 15 minutes presentation to the Board of Directors of the corporation. Based upon Assignments 1 through 4 - develop an eight to twelve slide PowerPoint presentation with speaker notes or record a video. Each slide should include your research/citations as noted below. The following order is suggested. Note that each slide should include some text and/or graphics….but don’t overdo it. Put the content required in the Speakers Notes or Video. If more slides are needed, feel free to expand them as required to accommodate your information. SLIDE 1: In the Speakers Notes or Video: Introduce the firm you selected for Assignments 1, 2, and 3. (UnitedHealth Group) Provide its industry, background, history, competitors, etc. SLIDE 2: In the Speakers Notes or Video: Determine the impact of the company’s mission, vision, and primary stakeholders on its overall success as a competitive employer in the industry. SLIDE 3: In the Speakers Notes or Video: Create a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. SLIDE 4: In the Speakers Notes or Video: Based on the SWOT analysis, outline a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. SLIDE 5: In the Speakers Notes or Video: Discuss the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. SLIDE 6: In the Speakers Notes or Video: Outline a communications plan the company could use to make the strategies you recommend above known to all stakeholders. SLIDE 7: In the Speakers Notes or Video: Assess efforts by this corporation to be a responsible (ethical) corporate citizen and determine the impact these efforts (or lack thereof) have on the company’s bottom line. Provide specific examples to support you response….this will require external research on your choses firm. SLIDE 8: In the Speakers Notes or Video: You will make recommendations to the Board of Directors based upon your analysis and decision on why the corporation remains or is not a good fit for you. To help with this, consolidate all of the information studied in the previous 10 weeks in the Learn, Discussions, and Assignments. Apply that learning now – explain why you would (or would not) want to continue working at this firm based on a business case. Avoid opinion and feelings – you your business learning from this course to make a business case for working (or not working) there. Remember, you presenting to the Board of Directors who need to hear from you as a business consultant. SLIDE 9: Works Cited Use at least three (3) quality references, one of which should be the course textbook: Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2013). Strategic management: Concepts and cases: Competiveness and globalization (10th ed.). Mason, OH: South-Western Cengage Learning. Textbook ISBN: 9781133708568, https://strayer.vitalsource.com/#/books/9781133708568/cfi/362!/4/4@0.00:0.00 Note: Wikipedia and other Websites do not quality as academic resources. References must be submitted on a Works Cited page (Slide) using APA format. The specific course learning outcomes associated with this assignment are as follows…be sure each item is covered somewhere in your Speakers Notes or Video: • Determine ways in which the vision, mission, and stakeholders of a firm impact that firm’s overall success. • Identify how the six segments of the general environment affect an industry and its firms. • Identify the five forces of competition. • Analyze the external environment for opportunities and threats that impact the firm. • Analyze the internal environment of a company for strengths and weaknesses that impact the firm’s competitiveness. • Identify various levels and types of strategy in a firm. • Assess the ethical implications related to strategic decisions. • Predict ways in which corporate governance will affect strategic decisions. • Assess the relationship between strategy and organizational structure. Use technology and information resources to research issues in business administration. Write clearly and concisely about business administration using proper writing mechanics. Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the following rubric. Points: 200 Criteria 1. Create a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. Assignment 4: Capstone Meets Unacceptable Minimum Below 60% F Expectations 60-69% D Fair 70-79% C Proficient 80-89% B Exemplary 90-100% A Insufficiently created a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. Partially created a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. Satisfactorily created a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. Thoroughly created a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. Weight: 10% Did not submit or incompletely created a SWOT analysis for the company to determine its major strengths, weaknesses, opportunities, and threats. 2. Based on the SWOT analysis, outline a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. Did not submit or incompletely outlined a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. Insufficiently outlined a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. Partially outlined a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. Satisfactorily outlined a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. Thoroughly outlined a strategy for the company to capitalize on its strengths and opportunities, and minimize its weaknesses and threats. Did not submit or incompletely discussed the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Insufficiently discussed the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Partially discussed the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Satisfactorily discussed the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Thoroughly discussed the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Weight: 10% 3. Discuss the various levels and types of strategies the firm may use to maximize its competitiveness and profitability. Weight: 10% 4. Outline a communications plan the company could use to make the strategies you recommend above known to all stakeholders. Did not submit or incompletely outlined a communications plan the company could use to make the strategies you recommend above known to all stakeholders. Insufficiently outlined a communications plan the company could use to make the strategies you recommend above known to all stakeholders. Partially outlined a communications plan the company could use to make the strategies you recommend above known to all stakeholders. Satisfactorily outlined a communications plan the company could use to make the strategies you recommend above known to all stakeholders. Thoroughly outlined a communications plan the company could use to make the strategies you recommend above known to all stakeholders. Did not submit or incompletely assessed efforts by this corporation to be a responsible (ethical) corporate citizen and incompletely determined the impact these efforts (or lack thereof) have on the company's bottom line. Did not provide specific examples to support your response. Insufficiently assessed efforts by this corporation to be a responsible (ethical) corporate citizen and incompletely determined the impact these efforts (or lack thereof) have on the company's bottom line. Did not provide specific examples to support your response. Partially assessed efforts by this corporation to be a responsible (ethical) corporate citizen and incompletely determined the impact these efforts (or lack thereof) have on the company's bottom line. Did not provide specific examples to support your response. Satisfactorily assessed efforts by this corporation to be a responsible (ethical) corporate citizen and incompletely determined the impact these efforts (or lack thereof) have on the company's bottom line. Did not provide specific examples to support your response. Thoroughly assessed efforts by this corporation to be a responsible (ethical) corporate citizen and incompletely determined the impact these efforts (or lack thereof) have on the company's bottom line. Did not provide specific examples to support your response. 6. Develop an executive level Power Point presentation with 8 -12 slides with speaker notes and appropriate graphics or professional video. Weight: 35% Did not meet the presentation requirements of length (8 to 12 slides with speaker notes or video). Insufficient presentation at executive level (minimum slides, no speaker notes, or video). Partial presentation at executive level with incomplete speaker notes and graphics or video. Satisfactorily presented an executive level presentation with speaker notes, graphics or video. Thoroughly presented an executive level presentation with speaker notes, graphics or video. 7. 3 references Weight: 5% No references provided Does not meet the required number of references; all references poor quality choices. Does not meet the required number of references; some references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices. Weight: 10% 5. Assess efforts by this corporation to be a responsible (ethical) corporate citizen and determine the impact these efforts (or lack thereof) have on the company's bottom line. Provide specific examples to support your response. Weight: 10% 8. Clarity, writing mechanics, and formatting requirements Weight: 10% More than 8 errors present 7-8 errors present 5-6 errors present 3-4 errors present 0-2 errors present STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS UnitedHealth Group Toni McCray Strayer University BUS499 Business Administration Capstone Dr. Brian C. Grizzell July 20, 2018 1 STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 2 UnitedHealth Group Introduction Companies today around the globe implement different strategies and factors to facilitate their ultimate growth and development. Most companies dwell in implementing measures meant to boost the internal as well as the external financial aspects critical to the firms` success. Every company regardless of the industry strives to maintain a better market position in regards to the adopted strategies. Looking at UnitedHealth Group, stands out as one of the various and big healthcare facilities in the US that offers varying services and products to its clients. The firm operations office is based out of Minnesota and features as the fifth in the Fortune 500 magazine. UnitedHealth Group recorded a stock price of $255.42 on July 18, 2018, signifying an increase of a value of 5.13 or an equivalent of 2.05%. The firm recorded total revenue of $201.1 billion in 2017. This paper after describing a basic introduction to the company will focus on describing the technological and the globalization aspects affected its success among other critical issues. Globalization Globalization in business perspective refers to the improvement in the mobility of labor, capital and also markets on an international scale. The UnitedHealth Group resides in the healthcare sector and industry. Many companies in this industry opt to select their specific strategies to scale to the global markets. For example, UnitedHealth Group focuses on using mergers and acquisitions to enter into the global markets. The firm used mergers and acquisitions in entering the various international markets such as in Brazil, Portugal and also but not limited to the United Kingdom. Further, the firm utilized joint ventures and also exploiting the local insurance entities as the other strategies for entering the international markets. Other countries STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 3 where the firm operates and delivers its services include the Czech Republic and also South Africa among many others. Technology From a technological perspective, UnitedHealth Group strives to achieve the best levels to facilitate the day to day tasks performed. UnitedHealth Group turns to technology to perform most of their day to day tasks. In addition to the services the company strive to deliver to their clients and from their customer’s perspective; claims that they rely heavily on are the technology and the internet specifically to access millions of medical pieces of information that give them the ultimate opportunity to understand and gain an insight to their basic and also advanced conditions. According to a survey that the firm conducted, UnitedHealth Group claimed that it seeks to adopt various technologies with the aim of facilitating their medical as well as healthcare research. Technology adoption helped the firm to provide its services to the esteemed clients easily and also facilitates conducting research based on the underlying or emerging healthcare issues (Unitedhealth Group, 2018). Industrial Based Model In the attempt to help the UnitedHealth Group to achieve the desired goals and objectives with regards to above average returns, it implements two broad models in its operations. The Industrial based model also referred to as I/O helps the firm to primarily focus on the external environmental forces that drive competition in the industry and also market. This model assumes that the external competitive forces always play a huge role in fostering better returns above the average levels. Further, based on the underlying assumptions, UnitedHealth Group places its strategies to counter competition based on the available resources. The firm also makes decisions strategically and rationally only to the benefit the company, its shareholders and clients. STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 4 Resource-based Model The resource-based model, on the other hand, helps the company to identify the underlying capabilities and also assets such as skills and competencies to make strategic decisions and also determine the various external business factors to consider (Montgomery, 2011). This model seeks to help UnitedHealth Group to align its internal resources and competencies in driving the performance and hence competitive advantage in the market. UnitedHealth Group allocates its underlying internal resources such as competencies and skills strategically to facilitate the decision-making process. Based on the nature of the industry, the company focuses on implementing the latest technologies driven by teams of experts to drive its performance and hence assist it to achieve the desired level of competitive advantage over the rivals. Vision UnitedHealth Group operates with a distinct mission and vision statements that help to drive its performance and also achieve the desired level of competitive advantage in the market. The corporate vision statement states that the company remains committed to diversity as well as inclusion. Through the five values, the company manages to position itself at a position that upholds, integrity, compassion, performance, links and also but not limited to innovation in delivering its services to the diverse populations (comparably, 2018). Mission From the mission`s perspective, UnitedHealth Group indicates that it intends on striving to its level best in assisting the clients to lead a better life and also to facilitate the creation of a sustainable healthcare system affordable and effective to all. This mission statement makes it STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 5 possible for the company to differentiate itself from similar rivals in the industry making it easy to achieve the desired goals and thus success (Comparably, 2018). Stakeholders Stakeholders refer to a group of people who may be affected directly by interventions put in place by a given entity. In this case, UnitedHealth Group`s customers play a huge role in its success by remaining loyal and purchasing the offered services progressively. The teams of able employees make it possible to not only implement strategic plans but also improve the day to day corporate performance. The firm deals with a group of reliable suppliers who deliver the required resources and items promptly thereby reducing the chances of delays. The surrounding community constitutes a larger part of the ultimate services and products offered. The availability of capable stockholders makes it easy for the company to collect the required finances and also material support to undertake and implement the set strategies to achieve the desired level of performance in the industry. Conclusion Summing up, the success of a company must come from the evaluation of the underlying features, strengths and also weaknesses with regards to the presented market needs. The UnitedHealth Group stands out as a unique company in the healthcare industry that utilizes multiple strategic plans to expand globally. This paper evaluated the various features and aspects that make a huge contribution towards the success of UnitedHealth Group in the market today. STRATEGIC MANAGEMENT AND STRATEGIC COMPETITIVENESS 6 References Comparably. (2018). UnitedHealth Group Mission, Vision & Values. Comparably. Retrieved 19 July 2018. From https://www.comparably.com/companies/unitedhealth-group/mission Montgomery, C. A. (Ed.). (2011). Resource-based and evolutionary theories of the firm: towards a synthesis. Springer Science & Business Media. UnitedHealth Group. (2018). More Americans Turn to Technology to Help Evaluate and Access Health Care; Health Literacy Remains a Challenge for Some Consumers. UnitedHealth Group. Retrieved 19 July 2018. From https://www.unitedhealthgroup.com/newsroom/2017/1005consumersentimentsurvey.html EXTERNAL & INTERNAL ENVIRONMENTS: UNITEDHEALTH GROUP EXTERNAL & INTERNAL ENVIRONMENTS: UNITEDHEALTH GROUP Toni McCray Strayer University BUS499 Business Administration Capstone Dr. Brian Grizzell August 11, 2018 1 UNITED HEALTH GROUP 2 EXTERNAL & INTERNAL ENVIRONMENTS: UNITEDHEALTH GROUP Introduction UnitedHealth Group is general health care that deals with diverse services in the health sector worldwide. The organization is the largest healthcare group in the USA. The UnitedHealth Group is a global healthcare provider that has offered healthcare assistance to the citizens of 130 countries since its foundation in 1977. The company's outstanding financial results, obtained through the consistent implementation of a highly efficient and optimized business strategy, have resulted in the repetitive nomination as the best company to work in from the healthcare industry in Forbes annual surveys (Japsen, 2018). Currently, it includes two major sections: Optum and UnitedHealthcare. It's approximated that the organization serves an average of 70 million people in the US. The company aligns its operations to meet its vision, mission, and goals. After several years on the operation, the UnitedHealth group has tremendously grown and dominated in the provision of healthcare (Shatin, Rawson & Stergachis, 2013). Its Optum section offers services in data analytics, healthcare delivery, and pharmacy-care, healthcare operations and population-health. For this paper, I will explore the company in general. The markets force it faces, how it works to meet those forces, its SWOT analysis and the strategies it uses on its both internal and external environments. The UnitedHealth group has a mission that focuses on improving people's health by enabling a capable health care system that works for everyone. The company offers a significant and active role in looking for ways to improve the health sector by targeting every customer's health improvement. The company suggests that its core business is to oversee the wellbeing of the society it serves. The UnitedHealth works closely with medical institutions to see that they achieve their mission. They have brought together health care experts to ensure that people can access cheaper and quality medical services (Shatin, Rawson & UNITED HEALTH GROUP 3 Stergachis, 2013). The company offers support in boosting the patients and professions relationships that would increasingly lead to better service access by people, achieved through the provision of information, tools, and guidance that aid the people in creating choices and decision making when it comes to health matters. UHC envisions solving the current health problems through innovative and effective ways. Its vision is observed through its compassion, innovation, performance, integrity and relationship building. Its operations mechanisms through the application of high ethical values reflect as its integrity feature. The company is high when it comes to honoring its commitments after making them. It has diligently served the people seeking its services with great compassion in addition to giving full attention to their customers' needs (Sandy et al., 2015). In efforts to offer high efficiency in service, UHC aligns its services to the needs of the patients who seek it. Analyses of data are one of the major areas that the company relies on. General Environment The general environment involves external factors which influence the organization such as technology, demographics, the legal issues, sociocultural forces, economic conditions and the environment. For the UnitedHealth, its significant influence comes from both the legal and technology environments. Political/legal Healthcare is a national concern in the world. The UHC focuses on the improvement of health care to society and offers service to a considerable population. A healthy society means that the generation is well maintained. The existence of the UnitedHealth goes in line with the US federal government's health plans which target enabling quality healthcare at affordable prices for the citizens (Carter, 2018). In 2010, Congress passed the Affordable Healthcare Act into law (AHC). The AHC ensure that all Americans can access medical services affordable. AHC was initiated under the leadership of the former president, Barack UNITED HEALTH GROUP 4 Obama (Cox & Semanskee, 2016). The act is commonly referred to as Obamacare. It also enforces every adult American to be insured through its plan. Technology and Innovation UHC Company thrives on innovation and technology, most companies today use innovative methods to survive in the world of competition. Healthcare sector is experiencing changes frequently as new challenges arise with time. UHC employs a dynamic approach in its development agenda. The company has set a clear path to adapt to changes in technological advancements that would help it offer better services (Shatin, Rawson & Stergachis, 2013). The company has utilized their experiences learned in daily issues and those that came in the past to create new solutions, involving assessing new ideas with the implementation of necessary ideas and technology that improves efficiency. The company continues to explore more on E-Health system in efforts to improve delivery services. Five Forces of Competition According to Porter's theory, five specific forces influence completion. These forces act as tools to analyze competition in addition to creating a clear understanding of market forces. UnitedHealth group five forces are the threat of new entrants, powers of suppliers and buyers, competition rivalries and product substitutes (Hitt, 2013) The new entrants and availability of close substitutes are the most significant competitive threats to UnitedHealth Group. Usually, an entrance of new market players' means that the competition increases in the markets. With the Affordable Healthcare Act, the health sector entrance was leveled leading to a more natural way for new firms offering services (Cox & Semanskee, 2016). The company must, therefore, utilize the latest technologies to stay on the pick. With time, the new entrants join the rest of competitors in intensifying the competition to UnitedHealth group. UNITED HEALTH GROUP 5 Additionally, this gives power to the suppliers to sell their products at higher prices since there are more options to switch to. The action can compel the company to get the products at a higher price that significantly reduces the profits. Availability of close substitutes is the other dominant competition force to UnitedHealth Group. Buyers will always tend price and quality comparison. Therefore, United heath Group is forced to maintain low prices of products and services with the aim of attracting and retaining customers. The bargaining power of buyer arises when there is the availability of substitutes that can serve the same purpose as the company's medical services and medical products (Grundy, 2012). Thus, the company will have to keep on reducing its prices to get more customers in addition to retaining the existing ones. Evaluation The company has invested in technology and innovation in order to beat the ever growing competition. With the innovative way of processing information, the preference of the UnitedHealth remains high. The company has digitized its information making it easy for medical professionals to access data. The issues of competition tackled by the company’s abilities provided through its economies of scale, which has eased the threats implications as the company continues to attract more people although the rate is lower than before. Future Improvements The company needs to acquire more companies to strengthen its market strength. These would include those competing actively at the state levels. The ability to have a higher touch on people in the states would make the company gain more customers despite the entrance of new market players. Additionally, it needs to invest more in research and development and get new products that would attract the customers. Moreover, continued innovation will keep boosting the company (Shatin, Rawson & Stergachis, 2013). UHC needs to adopt a communication policy that brings transparency in UNITED HEALTH GROUP 6 all operations. It needs to create a platform that communicates on the progress and its current issues with the investors. External Threats The UnitedHealth group has acquired essential segments and smaller companies in a bid to strengthen its abilities (Brigham, 2017). The practice keeps the organization at the better competitive position. With a good strategy to beat the market forces. Focusing on the current position of the company, it can quickly acquire more organizations and companies. These efforts would help it expand its market share and accessibility. Threats The opportunities and impacts brought about the AHC laws remain uncertain to in the company. The insurers in healthcare hit by the new law covers every individual who many are not wealthy. Therefore, the plans must be priced low. The environmental and economic changes can mean that those organization covers may require more funds than invested on average (Shatin, Rawson & Stergachis, 2013). UHC company’s stable situation requires it to offer its premiums at a higher price that would allow it to cover the costs in case needs occur. However, the new AHC law limits and regulates the premium prices that insurance companies can set. There is also a regulation of companies such that they must maintain a certain threshold when it comes to changes in medical loses. They are required to return some of the premiums to customers annually. These will raise a challenge to employs compensation by the company. The UnitedHealth group is likely to suffer financial losses if it gets any penalties in case of noncompliance. Opportunities The UnitedHealth operates on Medicare Advantage, Medicaid programs, Medicare Part-D, and CHIP programs. The programs present both opportunities and threats at the same time. The new act controls the charges that companies like UnitedHealth can set as fees for UNITED HEALTH GROUP 7 program service. Currently, the fee for service represents 95% of the previous payments making the returns for the UnitedHealth lower. Implementation of insurance exchanges are affected by high competition, increased differentiation and changing policies. The new policies limit many factors for the company. In fact, the ability to have extensive coverage of segments will limit by the new acts. Thus, the ability to make extra returns is being limited. The new entrants bring a division of the market where the UnitedHealth created dominance. The new laws created the same level ground for all insurers on the health sector which undermines its dominance. As the policymakers continue to create more changes that promote healthcare from being a privilege to a status of being right for every citizen (Cox & Semanskee, 2016). There is a likelihood that the company focuses on ways to remain on business rather than, making huge profits. Strengths Network/Size UnitedHealth enjoys a large customer base of over 70 million people. It also connected 61,000 pharmacies, 5,400 hospitals, and 754,000 medical professionals. Thus, the company has a considerable network. The acceptability of its brand has created high loyalty (Shatin, Rawson & Stergachis, 2013). With such economies of scale, the company can continue offering affordable service. Predicting costs abilities The company correctly makes costs predictions in its plans and deals. Therefore for a significant period, it has maintained affordable medical costs which sustain even low cash inflows. Once the actual costs are formulated, its predictions and actual only displays an insignificant difference. The company, therefore, can forecast future costs even with the inclusion of different medical plans such as Medicare, Modernization UNITED HEALTH GROUP 8 Its modernization strategies place it in a comfortable competitive position. UnitedHealth through Optum Health explores technological advances in the information sector. The system currently allows for video conferencing and real-time communication between the medical professionals and the patients (Shatin, Rawson & Stergachis, 2013). The system also includes a supportive mobile app. In fact, the company has digitized its information making it easy for medical professionals to access data. Weaknesses The level of competition has increased in the market, thus the weakest point of UnitedHealth to grow its market. Currently, the company is the market leader but with only a 16.5% margin. Market leaders in other different industries command their industries with higher percentage portion shares. The growth is potentially under limits by the federal government since health issues is a national concern and more sensitive than many other sectors. Strategy The company major strengthens provided by its extensive network. Creating more plans that make its customers happier would help to maintain them. In fact, the company needs to enhance its system to engage its customer base to ensure they feel like part of the company. It can provide updated informative sources that encourage the customers on how to maintain healthy lives. On the other hand, market penetration in the face of high competition is a significant weakness. However, the company needs to continue growing. To achieve growth, it needs to embark on other promotional activities such as spearheading environmental conservation, offering scholarships to medical students who need to enrich the medical research and so on, and continued innovation will keep boosting the company. Furthermore, the company needs UNITED HEALTH GROUP 9 to adopt a communication policy that brings transparency in all operations. It needs to create a platform that communicates on the progress and its current issues with the investors. Resources, Capabilities, and Core Creating more plans that make its competencies The UnitedHealth enjoys enormous and significant resources at its disposal. The significant connection between human resources and facilities makes its reliable. UHC capital gains and the submissions from customers make it financially stable. New acquisitions and the technology resources are a significant part of the company (Brigham, 2017). The Optum provides information resources that are highly relevant to both the physicians and patients. Thus, the company competence to offers its services is reliable. Value Chain The value chain enables a firm to complete its products, sells and distribute to their value customers. (Hitt, 2013). UHC must include the value chain model which includes: Supply-Chain Management, Operation, Distribution Marketing to include Sales, and Followup Services (Hitt, 2013). UnitedHealth Group can develop value with its service brands and connected products in the market. In fact, customers can easily identify its unique service and new technologies implemented. With a high ability to serve millions of people in the population, UHC company can grow to scale beyond the USA. Its core values need to progress with improvement for it to continue sharing and dominating the market. Enhancing communication enable the company to make an s easier follow up of progress in all areas of operations. The company understands that the innovation and technology will help to streamline its services in a better way. UNITED HEALTH GROUP 10 References Brigham, R. B. (2017). Mergers, Acquisitions, and Consolidations in the Health-Care Industry: Does Bigger Have Ethical Consequences?. In Ethical Challenges in Oncology (pp. 239-250). Carter, N. (2018). The politics of the environment: Ideas, activism, policy. Cambridge University Press. Cox, C., & Semanskee, A. (2016). Analysis of UnitedHealth Group's Premium and Participation in ACA Marketplaces. Henry J. Kaiser Family Foundation. Grundy, T. (2012). Rethinking and reinventing Michael Porter's five forces model. Strategic Change, 15(5), 213-229. Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2013). Strategic management: Concepts and cases: Competiveness and globalization (10th ed.). Mason, OH: South-Western Cengage Learning. Japsen, B. (2018, April 17). Buoyed By Optum, UnitedHealth Group Remains On A Roll. Retrieved August 10, 2018, from https://www.forbes.com/sites/brucejapsen/2018/04/17/buoyed-by-optumunitedhealth-group-remains-on-a-roll/ Mol, A. P. (2015). Transparency and value chain sustainability. Journal of Cleaner Production, 107, 154-161. Sandy, L. G., Haltson, H., Metfessel, B. A., & Reese, C. (2015). Measuring physician quality and efficiency in an era of practice transformation: PCMH as a case study. The Annals of Family Medicine, 13(3), 264-268. Shatin, D., Rawson, N. S., & Stergachis, A. (2013). UnitedHealth Group. Pharmacoepidemiology, 271-280.
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know ...


Anonymous
Just the thing I needed, saved me a lot of time.

Studypool
4.7
Indeed
4.5
Sitejabber
4.4

Related Tags