MBA630 Organisational Change And Development

Free Samples

MBA630 Organisational Change And Development

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MBA630 Organisational Change And Development

1 Download3 Pages / 638 Words

Course Code: MBA630
University: Curtin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

You are the manager of an insurance sales company in Sydney. You have had your end of year review and found that despite sales being strong and on-target for the year, head office have told you that you will lose 4 of your 15 sales staff due to lack of finances. They have challenged you to continue to lead the team, setting you 3 main objectives: –

Ensuring sales don’t decrease next year
Making sure morale stays high despite redundancies
Staff satisfaction – having staff who still want to work for the company.

Answers:

Background
TAL was initially referred to as Tower life insurance. Accordingly, TAL is currently a leader with speciality in life insurance products hence it is among the top most recommended insurers across Australia. Accordingly, TAL life insurance is rated among Australia’s biggest non-bank-owned life insurance organisations with a customer population of approximately 4 million (Insurance, 2018). Subsequently, TAL life insurance offers a range of services such as sickness cover, accident cover, adventure sport cover, as well as TPD income protection.
However, TAL life insurance is being faced by a major challenge that is the emergence of novel risks. Indeed, the rapid technological advancement has led to the technology changes which has come with novel risks to the insurance sector. Cyber threats as well as cloud risk have now become extra threats to the insurance industry thus TAL Life insurance being one of the covers is not exempted. For instance, Ransomware which is the contemporary form of cyber-attack has become a key challenge to international insurance business. Therefore, despite the emerging challenges taking in the insurance sector, TAL life insurance has advanced the following objective for its operations in the coming year.
To be able to maintain a strong market position through offering exemplary secure services in a customer friendly manner using well-structured track claim payment.     
Continuous Improvement Systems and processes
In order to ensure that TAL life insurance does not drop its sales it will be realised through the following processes.
Keeping the customer happy: Research has shown that the best the way for insurance to keep its clients happy is through acknowledging that lean plays a significant role ensuring happy consumers (Liker, & Ross, 2017). Accordingly, lean help to shorten the lead times regarding claims procedures as well as improving the quality of services offered to customers. Therefore, TAL insurance will work round the clock to ensure that it prioritise its customers by developing insurance processes that will quicken the customer’s claim process.
Develop a problem solving culture: TAL insurance will develop the lean enterprise which is a problem-solving culture. Accordingly, by being lean it means that TAL should work to ensure that all its employees within the organisation get focused on eliminating and identifying the cause of the problems facing it. Therefore, TAL insurance should provide its workforce with the necessary tools as well as the freedom to involve in insurance processing improvement (Wiesböck, 2017).      
Performance Strategies
TAL insurance can improves its operations by undertaking benchmarking. Certainly, benchmarking will aid customers to assess the organisation’s performance by relating it with the leading industries by unmasking the areas that need enhancement operations as well as customer service (Ramamoorthy, 2018).
Policy administration: TAL insurance should help its clients to improve the morale of its employees, customer service as well as efficient costs through system upgrade and processes to enhance seamless consumer experience throughout the product lines.   
How to manage opportunities for further improvement
TAL life insurance should develop an enterprise cost management. In so doing, this will aid customers to develop a sustainable cost-effective plan to manage resources to support the organisation’s objectives.
References
Insurance, T. (2018). Reviewing TAL Life Insurance | Products, Benefits & Claims. Retrieved from https://www.comparingexpert.com.au/life-insurance/tal/
Liker, J. K., & Ross, K. (2017). The Way to Service Excellence: Lean Transformation in Service Organizations. McGraw-Hill Education.
Ramamoorthy, R., Gunasekaran, A., Roy, M., Rai, B. K., & Senthilkumar, S. A. (2018). Service quality and its impact on customers’ behavioural intentions and satisfaction: an empirical study of the Indian life insurance sector. Total Quality Management & Business Excellence, 29(7-8), 834-847.
Wiesböck, F., Li, L., Matt, C., Hess, T., & Richter, A. (2017). How Management in the German Insurance Industry Can Handle Digital Transformation.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 3 pages

PAY 2 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Organisational Change And Development. Retrieved from https://myassignmenthelp.com/free-samples/mba630-organisational-change-and-development/insurance-sales-company.html.

“Organisational Change And Development.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mba630-organisational-change-and-development/insurance-sales-company.html.

My Assignment Help (2021) Organisational Change And Development [Online]. Available from: https://myassignmenthelp.com/free-samples/mba630-organisational-change-and-development/insurance-sales-company.html[Accessed 18 December 2021].

My Assignment Help. ‘Organisational Change And Development’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Organisational Change And Development [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/mba630-organisational-change-and-development/insurance-sales-company.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Enjoy a wide range of custom essay writing from Myassignmenthelp.com at an affordable rate. A college essay format is different than your school essays. You need to have fluency, precision and follow the proper structure while writing the essays. We have PhD professionals writer who will provide you with an impeccable essay writing paper. If you still doubt on our service, check our website to check our consistency in helping student with different types of essay. If you have an urgent assignment, let us know. We will cover all your requirements and provide you with the most accurate writing paper.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next