The present case study “East Coast Insurance Company” is an apparent example of establishing ethics in the workplace of an insurance company, amidst reorganization and chalking out plans to provide solutions to their problems. The company is facing increased workload of healthcare claims…
As per the facts presented by the case, the company is facing increased workload of healthcare claims with a dearth of adept and skilled talent. The external environment also does not present opportunity to recruit a professional workforce that could handle the mammoth task.
No doubt, the Strategic Planning Committee has come up with a host of solutions that diffuse through financial, human resources, environmental and even competitive domains of the organization. An important and worth discussing factor in the present case is the involvement of a government agency, which can be an appropriate thriving ground for the development of the fungus of ‘non-ethical behavior’.
Looking a bit closer to the facets of the presented case, it is pretty much obvious that the major issue of the company is its increased workload due to the shortage of talented employees. As such, it is a people problem and not a place problem primarily.
Even though the office space is not satisfactory, yet competent workforce in place can solve much of the problems of the company. The major operations of the company are to process the claims, where the expertise of people is required and not magnanimity of the building.
Keeping this in mind, the prime focus of the management should be to increase the skill level of its employees. Relocating to a new building or to a suburb facility is not the solution as it will only give rise to the greater financial burden.
If the company relocates, the employees will have to adjust themselves to a new environment, which will further degrade the quality and the speed of work, which is already under investigation. Similarly, investment in new premises will cut short the chances of the company to look for educated and competent employees or to provide for the training of existing ones. ...
Cite this document
(“East Coast Insurance Company Case Study Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.net/management/405765-research-paper-case-study-on-ethics-using-gidelines-as-attached-by-uploaded-support-document
(East Coast Insurance Company Case Study Example | Topics and Well Written Essays - 1000 Words)
“East Coast Insurance Company Case Study Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.net/management/405765-research-paper-case-study-on-ethics-using-gidelines-as-attached-by-uploaded-support-document.
That is, thе concеpt of divеrsity is inclusivе to thе culturе in this construction, and bеars communication across cultural barriеrs and boundariеs to a grеatеr undеrstanding of thе positivе sidе of communication. Multicultural signifiеs a rеspеct for divеrsity and individuality in thе organizational еnvironmеnt at Allstatе, rathеr than a platform that is basеd on assimilation or thе unitary non-accеptancе of culturеs othеr than onе’s own.
The Allstate Corporation encompasses more than 70,000 professionals. Of our employees, more than 30 percent are minorities; 59.1 percent are women.
Allstate was founded in 1931 as part of Sears, Roebuck & Co., and became a publicly traded company in 1993.
While the claim on her life can be settled due to perpetuity of insurable interest in life assurance contracts in spite divorce, fire claim cannot be settled because of Dave's negligence in wiring which was found to be faulty.
How can goals guide and direct behavior of any individual? When faced with goals, an individual tend to work harder and compare own performance against other people’s performance and against expectations that are being put upon him or
Labor costs normally vary depending on various aspects that exist within and outside the organization. Some of the costs are controllable while others have to be incorporated in the market and also dictate in some circumstances. An organizations’ top management should be responsive to the factors that result in a change in the labor costs.
The majority of the sales of this business segment come from private homeowners and auto insurance accounts. The rest of the companys product portfolio include specialty coverage such as motorcycle and boat insurance, roadside
The author states that despite of tremendous local and regional competition, the company has achieved exceptional growth and revenue. The successful management structure of the company is reflected in its financial position and has facilitated flexibility. The company operations are influenced by Islamic principles.
In the Dutch auction, though companies need an investment bank for underwriting the IPO but the costs, in comparison to traditional route, are lower. Also, investors can enter only one bid and not multiple bids at different quantities. In this kind of bid process,
The present study deals with different factors that influence the insurance industry and how the insurance companies can hope to perform in the industry. Here are the different forces that will influence performance of the companies as predicted by the
he focus of the company goes beyond the mundane increasing profits to a keen concern in ensuring that the needs of the clients are met, besides ensuring that the needs of the member-owners, staff members and the community are satisfied (The Cooperators Group Limited, 2013). In
2 Pages(500 words)Case Study
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Case Study on topic East Coast Insurance Company for FREE!