Introduction
ING is an insurance and banking products company that provides their services to North / South America, Europe, and the Asia / Pacific region. When Jacques Kemp assumed the role of Chief Executive Officer (CEO) of the Asia / Pacific region he observed that each country within that region acted as a separate company and there were no consistent measures to compare countries. He sought advice from consulting companies to change their business strategy but still felt that no one seemed to grasp the full scope of their industry specific challenges. This paper explains how I would implement changes to ING’s business strategy if I were to take the position of CEO.
The Disconnected Asia / Pacific
When Kemp took the helm of ING the Asia/Pacific region each country functioned as separate businesses with each country having its own operations methods. While each country was doing well, country managers noticed that there was a lack of continuity between the business units and it was difficult for the region to implement performance pay standards since there was not a consistent way to measure achievements of each business unit in comparison to other units. Country managers were seeking consistent procedures, improved communication from the corporate office and more delegated authority (Schotter, 2006, p. 5). Since there was a lack of communication between offices, it was found that product literature did not always reflect the corporate standard (Schotter, 2006, p. 5).
Consultants Proposals
Kemp sought assistance from management consultants to pursue the best approach to change their business model. He received proposals from three different consultant groups to help form a business strategy to better the region. While...
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...sive amounts of communication via face-to-face meetings, intranet training tools to better understand the organization by product lines and regular e mail newsletters all agents as well as employees should better understand the corporate mission to ultimately increase sales and become the “go-to” insurance company for the Asia / Pacific region.
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Thank you for researching, evaluating and holding consultations on business management processes that are crucial to the functioning, productiveness and success of Lewis Inc.
The company has a self-organizing team and uses groupware, emails and blogs to communicate with the customers. 18.
11. Kathryn M. Bartol & David C. Martin, Management 3rd edition (Boston, Massachusetts Burr Ridge, Illinois Dubuque, Iowa Madison, Wisconsin New York, New York San Francisco, California St. Louis, Missouri 1998),
In this book, there are several principals to communicating and simplifying the process in delivering a message; we choose to highlight three techniques that are commonly used in our society today. Measuring effectiveness, the use of employee surveys, and the inverted pyramid format of communication and employee benefits.
Two major competitors in the global consumer electronics industry, Philips of the Netherlands and Matsushita of Japan, both have extensive histories that can be traced back more than a century. They have each followed different strategies and have had significant capabilities and downfalls along the way. In general, Philips built its tenured success on a portfolio of responsive national organizations. On the other hand, Matsushita based its global strategy on a centralized and efficient operation through Japan. As they developed and reorganized their international strategies, each company was forced to undertake its strategic posture and restructuring as its competition position fell.
Founded by Bruce D. Henderson in Boston, Massachusetts in 1963 to be the Management Consulting Division serving the Boston Safe Deposit and Trust Company; The Boston Consulting Group (BCG) is now a global management consulting firm which is the world’s leading advisor on business strategy (BGG, 2014). With at least two offices at each continent, BCG is a private company that serves those in public, private as well as not-for-profit sectors. Some of the areas in which BCG provides it’s services to are, but not limited to, postmerger integration, transformation, strategy information technology and management in a two-speed economy (Bloomsberg, 2014). This year, The Boston Consulting Group earned the honor of being placed 3rd on the list of the “100 Best Companies to Work For”, falling just behind Google and SAS.
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... After gaining the needed education on the matter, they were able to concentrate on the benefits that effective communication holds. All companies should strive to understand the art of communication and continually improve their skills while adapting to an ever changing world.
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However, during the 1990s, Philips and Matsushita both faced major challenges to sustain their position in the market. Changing profile of the industry and globalization forces made Philips and Matsushita’s organizational models and competitive advantages obsolete, and brought up the need for drastic actions. At the brink of a new century, the battle of two giants unraveled with CEOs from both sides implementing another round of strategic initiatives and restructurings. The pressure put on new CEOs was enormous – wrong st...
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There are a number of differences between FMC’s Aberdeen and Green River, the two facilities of discussion. One may assume, therefore, that managerial styles, business practices, and other aspects of business and the employees involved, would be very different from one another. On the other hand, it is quite possible to use very similar styles of doing business and managing a company, despite differences in the company, as a good style of managing, and good practices would assist any business in succeeding. Management, employees and productivity being the main focuses at hand, one may first want to review these differences between the two facilities. To begin with, the facility in Aberdeen employs 100 people, while the Green River plant maintains 1150, and while Green River produces over 100 goods, and distributes world wide, the Aberdeen plant has only one product, and one customer. The two plants were very different in age and industry as well, with Green River as an older company in the chemical industry, and Aberdeen, a five year old “start up” company in the defense industry.
Will facilitate the employees to get a better understanding of the working of the company.
- Volberda, H. Morgan, R. Et al. 2011, “Strategic Management: Competitiveness and Globalization”, Cengage Learning EMEA ,Pg 244-258
The Midsouth Chamber of Commerce (MSCC) was created in the early 1900s, by powerful businesspeople with the objective to handle concerns of the mid-south towards the state government. At the early stages of the organization, the aim was to access sound transportation services during a time that economical and business development was at a low point. Now entering into the information technology era, MSCC now faces internal development problems that has Vice President (VP) of Marketing for Midsouth Chamber of Commerce, Leon Lassiter, perplexed. For this case study they are facing