Critically assess Wildavskys theory of the two presidencies Free Essay Example, 3750 words

Merril explains that their relationship rests wth their capcity to deifne aspects such as the national identity of Americans. Merril writes that â€Å"foreign policy plays a profoundly significant role in the process of creating, affirming, and discipling conceptions of national identity† (2009, p. 13). In essence, Merril explains that foreign policy and domestic together function to impact on the perception of Americans on issues concerning national identity. An example is the way the politics of national security has unfolded especially after the September 11 attacks on U. S. soil. The perception of the American citizen was awakened by the extent to which U. S. foreign policy greatly contributed to national security. The realities of the 9/11 attacks perhaps reminded most policy makers of what had been mentioned by former American Predident Thomas Jefferson. Jefferson oulined that the objective of foreign policy was to consolidate the objectives of the domestic policies from a broader perspective (McCormick, 2010, p. 11). The general realization is that the objectives of domestic policies could not be made effectively when there were non-functional or weak foreign policies. The situation has even become more compounded by globalization and the concept of global village. We will write a custom essay sample on Critically assess Wildavskys theory of the two presidencies or any topic specifically for you Only $17.96 $11.86/pageorder now An issue like immigration laws affect both foreign and domestic policies because they define the acceptance by Americans of people from foreign countries and the impact these people will have on America’s domestic issues. Initially, the United Stats had preferred an isolationism policy where the leadership of the country concentrated on developing the country while contributing minimally to glbal politics. According to Kaufman (2010, p. 57), the period between the end of 1st World War and the 2nd World War was marked by America’s withdrawal from active international politics. Furthermore, during this period the nation implemented strict immigration policies to regulate the number of people that moved into the country. However, being a country that was very significant in world politics the United States as pulled into what came to be 2nd World War that led to the atomic bombing of Hiroshima and Nagasaki by U. S. in 1945. The extent to which foreign and domestic policies interplay is therefore dependent on a number of factors some of which are beyond the control of presidents. However, one must still agree that the president is the major implementor of these policies because they represent his values and ambitions as the custodian of the American beliefs and democracy.

Women Of The United States Armed Forces - 1213 Words

Women are vital to the stability and efficiency of all branches of the United States armed forces. Although women’s presence may be necessary to the operation of the military, their placement in combat positions would prove to be a devastating mistake. The body of a woman is not made to brave combat positions, and placing women into positions dominated by men could create a hostile working environment. The atmosphere of battle is already heated, and placing more problems into the equation could lead to the unraveling of military effectiveness as the country knows it. Consequently, women should continued to be excluded from combat oriented positions in order to preserve the superb work of the United States armed forces. Placing a woman into a field comprised mostly of men would upset a balance of unit cohesion and morale among their male counterparts. Unit cohesion â€Å"result[s] from proximity of group members over time; social similarities or commonalities; success at joint tasks; and concerned, competent, honest leaders† (Simons). This means that the individuals that comprise a combat unit must be able to relate to each other, and work together in positive and constructive ways in order to carry out dangerous, high-risk missions. During combat operations, soldiers and their units are confined to small spaces for extended periods of time. The addition of women into this close quartered group would add â€Å"romantic and sexual elements that can cause competition, jealousy, andShow MoreRelatedEqual Opportunity in United States Armed Forces: Minorities and Women785 Words   |  4 PagesEqual Opportunity in United States Armed Forces with a particular emphasis on Minorities and Women in the Military. The United States Armed Forces has the most diverse labor force in the World. There are five branches of the United States Armed Forces: Army, Air Force, Navy, Marines, and Coast Guard. The demographic profile of the all volunteer United States Military has changed dramatically over the last 20 years. The transformation that has occurred in the United States population do not alwaysRead MoreThe Armed Forces1525 Words   |  7 PagesI am against the inclusion of women in the armed forces based on the utilitarian concepts of the happiness of society as a whole, and the effectiveness of the armed services. I also draw conclusions from the Aristotelian principles of justice and women’s ability to be worthy of being soldiers Since the repeal of â€Å"Don’t Ask, Don’t Tell† in 2011, there has been a quiet uproar over the idea of female combat forces in our military. There are strong arguments from either side of the aisle; The maintainingRead MoreThe Integration Of Women Into The Service1319 Words   |  6 Pagesin the armed forces. Back to the days of the Romans and the Greeks women made an effort to enter the battlefield. In the modern military, women have their place in the service, but some still desire more. More women are attempting to answer the call of duty every day, some are even trying to join special forces teams that are for only the best of the best. Recently in America we have progressed in our acceptance of women in the military made it possible for them to join these elite forces. The integrationRead MoreThe United States Armed Forces Essay865 Words   |  4 PagesThere are currently 2,204,836 people serving in the United States Armed Forces. Females currently make up 16.2% of those currently serving equating to 358,156 this number includes both enlisted, reserve, and the officer corps. While the Armed Forces has downsized, the percentage of females serving has increased with females now making up 17.8% of all active duty personnel and roughly thirty-nine thousand serving as active duty officers. With the increasing diversity of the military, Secretary ofRead MoreSexual Abuse Of Female Soldiers Essay1283 Words   |  6 PagesIn May 2013, following the news that thousands of cases of sexual assault had gone unreported in the United States’ military, American businessman and now newly elected American President Donald Trump took to Twitter to voice his thoughts on the matter: â€Å"What did these geniuses expect when they put men women together?† (Trump, 2013). Similarly, in 2015, following similar accusations in Canada, General Tom Lawson, Chief of the Defense Staff, awkwardly stated that rape in the military happens becauseRead More Women in Combat Essay1249 Words   |  5 PagesWomen in Combat   Ã‚  Ã‚  Ã‚  Ã‚  Women have played a tremendous role in many countries armed forces from the past to the present. Women have thoroughly integrated into the armed forces; all positions in the armed forces should be fully accessible to women who can compete with men intellectually and physically. Yet, many argue that the distinction between combat and non-combat becomes blurred in the context of women warfare (Ladin; Holm, Hoar). In actuality, many women are assigned to jobs that willRead MoreWomens Rights since 1865868 Words   |  3 Pagesthat all men were created equal, but made no mention of women, or their rights as citizens. Throughout American history women have been proactive trying to secure equal rights as men. It has taken many years for women to come as close as they have, but even still are not quite equal. 1865-1920 For many, when they hear of women’s rights their minds go straight to a picture of the suffrage riots and protests of the early 1900s. However, many women had lobbied for the right to vote many years previousRead MoreDigital Media And Its Effects On Today s Age Essay1629 Words   |  7 Pagespeople in a matter of seconds. Large multi-million dollar corporations use digital media to reach out to an individual on the subways of New York City or someone who is on a fishing trip in the deep woods of North Carolina. In recent years, the United States Military has undertaken corporate digital media strategies in order to both project an image and recruit potential applicants. Just a few years ago local recruiters would sit at their offices, smiling and dialing, and looking for perspectivesRead MoreWomen in World War 2888 Words   |  3 Pagesyoung women working to help the war effort. It was 1941 and the United States finally entered World War II. Most propaganda of the United St ates encouraged the average women to join the workforce and help with the war effort. With men fighting abroad, it was only necessary for women to start working and leave their normal lives of being a mother and wife. The War Department of the United States emphasized that with women working hard their sons, brothers, and husbands could return quicker (Women atRead MoreBuffalo Soldiers1065 Words   |  5 Pagesthe United States (US) armed forces over the last century. I chose to compare the Buffalo Soldiers, who existed from 1867-1896, and their experiences with the current state of the US armed forces. I was drawn to author, ZZ Packer’s â€Å"Buffalo Soldiers† because of my experience in the US armed services and, as I read the book it became clear that the US armed services today is very different from what it was at the time when the Buffalo Soldiers existed. I served honorably in both the United States

Marketing and Management at Grupo Mexico

Question: Discuss about the Marketing and Management at Grupo Mexico. Answer: Management at Grupo Mexico decides to focus on market opportunities opened up by NAFTA. What management orientation does this reflect? Ethnocentric Polycentric Regiocentric Geocentric Grupo Mexico understands the significance of diversity and the management view opportunities by the global scale. Interestingly, it focuses on the approach or ways that business activities are undertaken in a particular country depending on the standard of communication. In fact, the company applies geocentricity by hiring mix people from various locations depending on their skills than the home country. The geocentric approach has made the conglomerate competitive. In much of Europe, the telecommunications industry is experiencing both deregulation and privatization. Which of the driving forces behind global marketing does this represent: National differences Myopia Economic trends Technology The increased internationalization rate has increased the exposure to trade between countries. At the start of the globalization period, the advanced economies increased trade openness. The impact of increased trade is evident in the marketization and privatization of state corporations. With the rapid technological changes, the former natural monopolies have diminished as the changes have promoted international competition. World Bank (2005) acknowledged the advent of cell phones, satellites, and the internets have made communication and trade effective thus defining the global marketing. Which of the following industries is characterized by product development cycles of 5-10 years and product development costs in excess****** $******million: Semiconductors Furniture Pharmaceuticals Soft drinks Automobiles The lifecycle of branded medicines would span beyond twenty years as the research and development may last for 5-10 years before commercialization (Ciociola, 2014). A "quick and dirty" method that can serve as a rule of thumb to help marketers compare the relative values of currencies is to check the price of a ________ in different countries. Big Mac Snickers bar Can of Coke Pack of Marlboros Liter of gasoline The Big Mac index is the global exchange rates that the marketer can use to compare whether a currency is valued at the correct level. According to D.H and R.L.W. (2016), this index depends on purchasing-power-parity theory. In most cases, the base currency that is used to determine the value of another currency is the U.S dollar. Which of the following statements is correct: Japan and the United States both have a balance of payments deficit Japan and the United States both have a balance of payments surplus Japan has a balance of payments deficit; the United States has a balance of payments surplus Japan has a balance of payments surplus; the United States has a balance of payments deficit Since the 1980s, the U.S has continuously reported deficits in its current accounts due to the ballooning budget deficits that has ensured its currency remains high while making its industries weakly competitive. On the other hand, Japan has reported continuous surpluses on its current accounts as reflected in a high competitiveness of its industries and a weak yen. With massive capital exports, Japan has prevented its currency from appreciating (Eurostat, 2016). Vietnam is the newest member of ASEAN. True False The ASEAN was incepted in 1967 by five member countries including Malaysia, Indonesia, Singapore, Thailand, and the Philippines with the intention of promoting economic and political integration and regional stability. Vietnam joined this bloc in 1995 as the seventh member, while the tenth member of this economic bloc is Cambodia that obtained membership in 1999 as reported by the U.S Department of State (n.d.). Antigua, the Bahamas, St. Lucia, and Jamaica are all members of CARICOM. True False The Caribbean Community (CARICOM) has twenty countries with full membership standing at fifteen while Associate Members are standing at five. Apart from the listed members, other members include Barbados, Belize, Guyana, Haiti, Trinidad Tobago, Suriname, Dominica, Grenada, Montserrat, St Kitt and Nevis, and St Vincent the Grenadines. If one were to apply Hofstede's concepts of social values to an analysis of Japan, one would conclude that: Individualism and masculine values are culturally predominant Collectivism and feminine values are culturally predominant Individualism and feminine values are culturally predominant Collectivism and masculine values are culturally predominant Japan is a masculine society that emphasizes assertiveness, competitiveness, and excellence. This countrys national culture is founded on moderate power-distance, a high long-term orientation, very strong masculinity, and moderate individualism. It also characterizes very high uncertainty avoidance. Relative advantage, communicability, and divisibility are all aspects of: Hofstedes social values framework Lees SRC framework Ritzers McDonaldization thesis Rogers diffusion theory Halls low- and high-context culture framework The McDonalds model focuses on efficiency, predictability, calculability, and control and it involves rationalization. According to Ritzer (1998), the McDonaldization process breaks tasks into smaller components until it has been broken down to a minimum thus find the best strategy to accomplish the work efficiently. A U.S. company is exempt from the Foreign Corrupt Practices Act if a host-country citizen serving as an agent for the company pays a bribe to a government official in the host country. True False This law is supposed to illegalize companies and supervisors or managers from influencing foreign officials with any personal rewards and payments. In fact, this law applies to everyone with a certain degree of links to the U.S and participates in foreign corrupt practices. Based on this nationality principle, the official engages in such unethical activity may face prison (Luthans Doh, 2014). Mexico, Italy, and Canada are among the many countries supporting the U.S. trade embargo of Cuba. True False These three countries are among the strongest U.S allies, but they are among the leading contributors of tourists to Cuba as identified by Spielmann (2013). They have thus opposed the embargo against Cuba as applied the United States (Ramos, 2015). References Ciociola, A.A. et al. (2014). How drugs are developed and approved by the FDA: current process and future directions. American Journal of Gastroenterol, 109 (5), 620-623. D.H R.L.W. (2016, Jul 21). The Big Mac index. The Economist. Retrieved from https://www.economist.com/content/big-mac-index Eurostat. (2016). Balance of payment statistics. Retrieved from https://ec.europa.eu/eurostat/statistics-explained/index.php/Balance_of_payment_statistics Luthans, F. Doh, J. (2014). International management culture, strategy, and behavior, (9th Ed.). New York, NY: McGraw-Hill. Ritzer, G. (1998). The McDonaldization thesis: Explorations and extensions. London: Sage. Spielmann, P. J. (2013, Oct 29). UN General Assembly votes against US Cuba embargo. Associated Press. Retrieved from https://www.breitbart.com/news/da9nut1o0/ U.S Department of State. (n.d). Association of Southeast Asian Nations (ASEAN). Retrieved from https://www.state.gov/p/eap/regional/asean/ World Bank. (2005). Economic growth in the 1990s: Learning from a decade of reform. Washington, DC: World Bank.

Principles of Business Analytics

Question: What is the meaning of decision making. Answer: Introduction The decision making is one of the most basic cognitive procedures of human behaviors. The decision making process is a vital process in personal life as well as vital for professional purpose (Tamir et al. 2015). The decision making component is an important principle of the business analytics. There are widely used decision theories that are widely implemented in the business scenario. In a business scenario, there is a need to perform routine decision making tasks. There is a need to adopt cognitive decision making policies to achieve business success. This report describes the role of human cognition in the decision making process. The second part of the report describes the role of analytics in decision making process. It also discusses the influence of data in the process of decision making. Task 1 Meaning of decision making The process of the selection of a preferred course of action among a set of alternatives or options is known as decision making. The layered model of brain comprises of the fundamental cognitive procedures of decision making (Glscher et al. 2012). There are specific characteristics of the decision making processes such as decision maker, decision situation, and the decision process. The core cognitive features of the human brain are known to share similar characteristics. The three important features of the decision making process include a set of alternatives or choices, decision goals and a list of selection strategies (Glscher et al. 2012). If there is a fulfillment of these three criteria, then the decision making process can be easily carried out by a human being. The consequences of the decision making processes can be estimated from the strategies of decision making used by the decision maker (Elwyn et al. 2012). The different strategies of decision making require a combination of decision selection criteria. It is also important to perform rational decision making for the success of business entities. There is a need to adopt different decision strategies as per the values of the decision makers, attitudes towards risk and the prediction of future outcomes. Human cognition in decision making The intellectual capabilities of the human beings have made it possible for themselves to gain a superior status among all animal species (Seligman and Csikszentmihalyi 2014). The presence of intellectual capabilities has allowed the human beings to adapt to a specific environment, and there have been evolving patterns of decision making capabilities. There has been a transformation in the intellectual capabilities of human beings. The intellectual capabilities of human beings have transformed into sophisticated and more specialized skills (Seligman and Csikszentmihalyi 2014). The specialized skills include planning, observation, problem solving and coordination. The decision making process works in close collaboration with the problem solving process (Seligman and Csikszentmihalyi 2014). The decision making process consists of the analysis, synthesis and the evaluation of the job tasks. The analysis of the job tasks is the first step of the decision making process. Process of decision making The cognitive process of the decision making begins with the detailed analysis of the decision making problem (Croskerry 2013). The objective of the decision making process should be identified, and an initial framework needs to be created. The alternatives should be assessed for the purpose of the formulation of strategies. The alternatives are thoroughly evaluated and the human intellectual capabilities give an idea regarding the best alternative (Croskerry 2013). The best alternatives out of the given choices are selected. The selected best alternative should be evaluated well and checked if it meets the predetermined goals or standards (Croskerry 2013). The decision maker would make sure that the decision meets the current scenario and the personal judgment. If there is a mismatch between the expected outcome and the current outcome, then the decision making process needs to be repeated (Croskerry 2013). The decision making process should be done until a satisfied decision arrive s. Task 2 The phenomenon of human decision making is influenced by rational behavior and does not always follow a fixed course (Seligman and Csikszentmihalyi 2014). There are individual differences in the cognitive process, which aids in the decision making process. The role of analytics is immense in the decision making process. The business analytics consists of the study of various patterns of data through operations and statistical analysis and the application of these to customers and the business (Croskerry 2013). The business analytics deals with the technologies, skills and practices for the continuous investigation of the past performances of business so that insights to the business can be gained. The business insights help in the business planning, which in turn helps in the decision making process. Role of Business analytics in business The business analytics play an important role in the business scenario (Holsapple Lee-Post and Pakath 2014). The cognitive analytics is a powerful tool to bridge any gaps between the data structure and the reality of decision making, which is an everyday function of the managers. The data and information is a vital part of the decision making process. The cognitive analytics is an additional part of cognitive computing (Holsapple Lee-Post and Pakath 2014). The cognitive computing comprises of machine learning, language processing, and the related infrastructure. There is a need to massive data processing and the ability to analyze various sources of data. The analysis of data can be essential for gaining business insights and various crucial parameters about the organization. The cognitive analysis depends on the information technology tools to generate the required hypothesis (Holsapple Lee-Post and Pakath 2014). The hypothesis is drawn after the consultation with connecting informa tion sources, which are relevant. Decision making process and the Probability theory The analytical decisions are driven by the organizational data (Power Sharda and Burstein 2015). The use of direct observations, figures, charts, facts are the basis for successful decision making. The decisions cannot be taken on whims and fancies. It should be directly related to the statistical figures and the current situation of the business. The decision makers use surveys, questionnaires and other means for the purpose of data collection (Power Sharda and Burstein 2015). The collected data is tabulated and put into appropriate software, which is suitable for the specific types of data. The tabulated data is then analyzed thoroughly. The decision maker should consider all the pre-determined parameters, before beginning the process of data analysis. The probability theory is an important component in the decision making process (Berger 2013). The managers need to take decisions, which are related to uncertainty. The decisions need to be made on appropriate assumptions. This theo ry helps the manager to deal with investment issues, introduction of a new product, stock decisions, individual investor and others. Techniques of analytics The descriptive and inferential techniques of analytics are important for business (Devore 2015). The descriptive techniques involve the description and summarizing the collected data in a meaningful manner. This technique helps the decision maker to understand the explicit details of the data in a clear manner. The purpose of the descriptive techniques is to present the decision maker with a visual picture of the implications of the data. In the absence of the descriptive techniques, the decision maker would face difficulty in the analysis of the raw, unstructured data. The inferential techniques make use of a limited segment of the data and not the entire data (Kern 2014). The purpose of the inferential techniques allows the decision maker to make generalizations regarding the sample population. The sample should represent the population accurately. The inferential techniques deal with the estimation of parameters and the testing of relevant hypothesis. Conclusion The decision making is a vital part of the human beings. It applies to both the personal as well as professional life. The decision making is not an independent function; rather it is interconnected to other variables like data, information, analytics and others. The efficient decision making would ensure individual success as well as organizational success. References Berger, J.O., 2013.Statistical decision theory and Bayesian analysis. Springer Science Business Media. Croskerry, P., 2013. From mindless to mindful practicecognitive bias and clinical decision making.N Engl J Med,368(26), pp.2445-2448. Devore, J., 2015.Probability and Statistics for Engineering and the Sciences. Cengage Learning. Elwyn, G., Frosch, D., Thomson, R., Joseph-Williams, N., Lloyd, A., Kinnersley, P., Cording, E., Tomson, D., Dodd, C., Rollnick, S. and Edwards, A., 2012. Shared decision making: a model for clinical practice.Journal of general internal medicine,27(10), pp.1361-1367. Glscher, J., Adolphs, R., Damasio, H., Bechara, A., Rudrauf, D., Calamia, M., Paul, L.K. and Tranel, D., 2012. Lesion mapping of cognitive control and value-based decision making in the prefrontal cortex.Proceedings of the National Academy of Sciences,109(36), pp.14681-14686. Holsapple, C., Lee-Post, A. and Pakath, R., 2014. A unified foundation for business analytics.Decision Support Systems,64, pp.130-141. Kern, S.E., 2014. Inferential statistics, power estimates, and study design formalities continue to suppress biomedical innovation.arXiv preprint arXiv:1411.0919. Power, D.J., Sharda, R. and Burstein, F., 2015.Decision support systems. John Wiley Sons, Ltd. Seligman, M.E. and Csikszentmihalyi, M., 2014.Positive psychology: An introduction(pp. 279-298). Springer Netherlands. Tamir, M., Bigman, Y.E., Rhodes, E., Salerno, J. and Schreier, J., 2015. An expectancy-value model of emotion regulation: Implications for motivation, emotional experience, and decision making.Emotion,15(1), p.90.

Methods Of Stock Selection Essays - Finance, Economy, Money

Methods Of Stock Selection A lot of attention has been paid to different methods of stock selection. Lately momentum investing has been all the rage, and many have been suggesting that the old methods are no longer valid. But, as we have indicated all along, in the long run, the old rules will apply and those who ignore them may look great for their 15 minutes of fame, but in the end, they ignore the old rules at their peril. Two methods that have stood the test of time are value and growth investing. These are the two methods that we should pay the most attention to. You can use one or the other, or a combination of the two. We should apply both to our decisions, however, in each case we apply them to differing degrees. After all, every stock is an individual and should be treated as such. Normally, a value investor is considered to be someone who tries to find shares that are undervalued, and then buys them for a bargain. The reason for the share being undervalued could be an industry that is not currently popular, some recent bad news or just market neglect. The investor believes that due to this current unpopularity, the shares can be bought at a bargain, and oneday their true value will be realized. The most successful value investors are prepared to wait years for this true value to be realized, as long as they believe that the economic value is still there. Growth investors are investor's who are looking for shares of companies that are growing and expanding. Their belief is that the current price is not that important, as by expanding and growing, these companies are constantly increasing their economic value, which will translate into increase share price. It is often their position that if you wait for a lower price, you may miss the ride, because, as the companies grow, so will their price. Consequently, today's price which may seem high, will be considered a bargain when compared to tomorrow's. The most successful of these investors are also prepared to hold onto a share for a long time. After all, as long as the company is growing, its value should continue to go up. The above two styles both have merit, and when exercised correctly, they also emphasize quality. As indicated above, while it may sound like you can use one of these approaches, or the other, but not the two together, I do not believe this. I think that quality shares can be chosen for a number of reasons, one being growth, but once you have selected a quality share, there is no need to run right out and buy it. The next step should be to value it, to see if it can be purchased for a reasonable price. After all, market hype can cause even the best companies to be overvalued. This is true of all companies, especially fast growing ones. I should point out that this does not mean buying the share at the best price, or the bottom, it means satisfying yourself that the current price is economically justified. If you wait for the bottom, you will miss it nearly every time, or may never invest, as a better price may be coming. This could cause you to miss most of the best opportunities. On the other hand, if you value a share, then you will have the comfort of knowing that you have purchased some economic value, which should eventually be realized. You will not always be right, and your evaluations should be redone fairly regularly, but on the whole, this should add significant stability to your portfolio. Also, when your shares do drop, it will be easier to hold on to them and sleep at night, knowing that your investments still hold true economic value if not market value. Finally, from a purchasing point of view, valuing the shares, makes the decision easier. Presumably, you will be adding to your portfolio over time, so when you have new money to invest, you can review the companies in which you would like to increase your holdings, and add to the ones that are well

Project Vacuum Cleaner Essays

Project Vacuum Cleaner Essays Project Vacuum Cleaner Essay Project Vacuum Cleaner Essay The goal is to build a product that exceeds customers expectations of the current market and ultimately to secure more market share. You are given a fixed duration of 12 months to complete the project. Project Deliverables: 1 Develop a project charter (see the chart template) 2 Develop a project plan (see the project plan template). Complete sections a Section 1: Introduction I Org chart of your team High level was Responsibility matrix iv Resource chart b Section 2: Scope statement only I List your assumptions at a high level c Section 10: Project tracking and control d Other sections are options but highly recommended 3 MS project schedule a Define all relevant activities b Define duration for each task c Define predecessors relationships d Define milestones e Assign resources f Define cost g Identify critical path If possible 4 s-curve a Develop your S Curve using MS Excel b Graph your curve 5 Slide Presentation a You need to do a presentation and explain to the customer what you have done tit the budget and what the customer is getting for that money. Your discussion should revolve around the product not the program management methodology you used. B Make sure you have at least the following 7 slides in your presentation: I Executive summery Project Information at a high level In terms of budget, timeline, scope, resources, methodology items iv Snapshot of your MS project sch edule v Product design and features vi Issues/challenges you faced and how you resolved them vii Snapshot of your S-Curve viii Utilize tables, graphics, diagrams, videos, etc.

An Evaluation of CRM Strategy at Ping An Life Insurance, China Dissertation

An Evaluation of CRM Strategy at Ping An Life Insurance, China - Dissertation Example Ping An has been recognized and awarded for its customer relationship management approach but an evaluation of data suggests the adoption and implementation of CRM is not professionally and strategically adequate. Emphasis on salesmen appears to a hindrance to growth and accountability is lacking at Ping An. After evaluation of the available data, recommendations have been made on how CRM can be effectively implemented at Ping An Life Insurance. China Insurance industry Life insurance business in China is huge and intensely competitive, according to Binder, Bowers and Yung (2004) of The McKinsey Quarterly. China is now the world’s fastest growing major life insurance market. The drivers of growth in the sector include 40 percent household savings rate, limited and deteriorating public-pension and health schemes that have heightened the demand for personal retirement savings and protection tools. Consumers sought investment options but the choice was limited. No attractive mutual funds offers are available and consumers cannot invest overseas. Bank yields are very low compared to typical savings policy. This helped to stimulate growth in the insurance sector in 1990 when foreign insurance companies were allowed to enter China either in joint venture with 50:50 partnership or with a maximum of 25 percent ownership. However, within 15 years more than 90 percent of insurance sector is with three domestic insurers – China Life Insurance, Pi ng An Insurance and China Pacific Life Insurance. The insurance industry is among the fastest growing industries in China and is the core business of the Ping An Group (Annual Report, 2012). However, the Chinese insurance business is in transition and hence has to adjust for sustainable and healthy growth (Market Review, 2012). This is critical since China’s economy is growing and personal wealth is expanding and hence sustainable growth becomes essential. Besides, competition is setting in as foreign insurers’ operational areas have expanded, which means they can operate in geographical regions they were earlier barred from. Besides, despite the three domestic insurers having large number of agents, the productivity on an average is less than one-fourth of Hong Kong agents. It has also been found by Binder, Bowers and Yung (2004) that these agents give misleading information and poor customer service. Such issues would allow the foreign insurers to increase their mark et share of the affluent and mass-affluent segment. 1.2 Customer