has been made to select the Fortune 500 Company UnitedHealth Group to invest in. UnitedHealth Group operates in all 50 states and is based out of Minnetonka‚ Minnesota. The purpose of this paper is to identify the company’s internal and external stakeholders‚ describe their wants and needs‚ and explain how the company is fulfilling those needs. UnitedHealth Group UnitedHealth Group is a prominent health care company‚ serving more than 75 million individuals worldwide. UnitedHealth Group touches
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How ratio analysis benefits the stakeholders of a company Ratio analysis is a type of financial information that always prepared to satisfy in some way the needs of various interested parties (stakeholders). Below are some of the benefits that the stakeholders can get from the ratio analysis: Planning and Forecasting Management uses the ratio analysis to identify the future trends of its financial performance. With those information‚ its provide opportunity for the management team in planning
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City of Resident # 1 - Good (morning)‚ (afternoon)‚ (evening) Kardell Paper Company board of directors. Kardell Paper Co. has been a good company‚ employing 500 people from our town. You have always complied with regulatory agencies‚ and have been compliant with releasing only very small quantities of sonox. Test showed there were higher concentrations at Kardell Paper Company’s discharge point; however you remain compliant with regulations. Yes‚ we realize that you are not the only company discharging
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P2- Describe the different stakeholders who influence the purpose of two contrasting businesses. A stakeholder is anyone with an interest in a business. Stakeholders are individuals‚ groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments‚ these are
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Stakeholder theory has been articulated in a number of ways‚ but in each of these ways stakeholders represent a broader constituency for corporate responsibility than stockholders. Discussions of stakeholder theory invariably present contrasting views of whether a corporation’s responsibility is primarily (or only) to deliver profits to the stockholders/owners. Milton Friedman’s (1912-) now-famous pronouncement that the only social responsibility of corporations is to provide a profit for its owners
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Unit 5005 Meeting Stakeholder and Quality needs – Learning outcome 2 Quality management standards in our organization 2.1 Total Quality Management‚ or TQM‚ is the process of instilling quality throughout an organization and its business processes. Many organizations that employ a system of Total Quality Management in human resources‚ etc‚ are large companies but there is no reason why Total Quality Management theory shouldn’t work in smaller businesses as well. For Total Quality Management
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The following essay explains the importance of cost accounting for stakeholders of Multinational Companies‚ particularly the shareholders & the customers. Who are the stakeholders of an organization? according to (Freeman 1984) stakeholder is “any group or individual who can affect or is affected by the achievement of the firm’s objectives” going by this definition stakeholders of a company would include lenders‚ creditors‚ customers‚ shareholders‚ government‚ media‚ political groups‚ local charities
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The Stakeholder Theory: Aiding in the Long Term Success of Corporations Managers of corporations‚ big and small‚ must make decisions everyday‚ incorporating the appropriate ethics and also maximizing corporate profit. The two major theories in decision-making are the Stockholder theory and the Stakeholder theory‚ both of which I will be explaining. First‚ I will explain the Stockholder theory as a short-term profit oriented model with regards to business ethics decisions. Then‚ I will explain
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organisation has Stakeholders; these are groups or individuals that affect or are affected by the business. The number of stakeholders of a business varies and so does their importance and influence on the company. The type of organisation and the product or service it supplies also determines the stakeholders. An organisation such as Lidl has far more stakeholders than family business; it is therefore much more influenced and affected by the actions‚ aims and objectives of its stakeholders. In this report
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can be affected by an organization’s actions." A "project stakeholder" is defined as "a person‚ group or organization with an interest in a project." That could mean a sponsor (an executive‚ customer‚ supplier‚ agency‚ etc. that is sponsoring / funding the project)‚ upper management‚ a project manager‚ and others. Whoever has a "stake" in the project? In order to perform good project management‚ you need to both manage and meet stakeholder expectations. The result of the project should match their
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