Growing Importance of the Global Economy Essay

How has the growing importance of the global economy alter your organizations competitiveness? The global financial crisis continues to be a severe shock to most enterprises. The initial economic downturn, the worst since the smashing Depression, has affected almost all sectors of the economy. Everyone and every organization that has felt the pain. The follow I work for serve the basic insurance needs of the fast-growing(prenominal) but largely under-served Ameri brook middle income market. While many insurers be possessed of moved up-market, we are firmly committed to helping working families and retirees become basic protection through long-term care, life and supplemental health insurance products, as well as annuitiesHow has your organization responded to this? My company tenderize consumers choice in how they debauch insurance products. They can buy direct from Colonial Penn, which has special expertise in direct sales. They can purchase products across the kitchen tabl e through career agents from Bankers Life and hazard Company, independent agents of our Washington National Insurance Company unit or through its Performance Matters Associates marketing arm, both of which also offer willing benefit products to employees at the workplace.What recommendations would you make for your organization to improve its strategic decision-making? I would have consolidated and integrated all operations under a single resource with the goal of delivering improved customer service raze as we reduced costs. A streamlined application and straight-through processing ashes has shortened customer and agent turn-around times and lowered application costs.2013 CNO monetary Group, Inc. http//www.cnoinc.com