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erkshire Hathaway, Inc.
Legal insights into an insurance investment strategy
Warren E. uffet's erkshire Hathaway's company strategy since the global economic crisis in 2008 has been characterized by what some would call 'safe-but-boring' industries. Consistently outperforming on the S&P, the Company has been effective where others have not. The foregoing project proposal looks at the decision making model(s) used by H in investment in the insurance industry, with a hypothesis that one Selective Insurance Group (SIG) will emerge as the target for acquisition. Attendant to this study of competition and crisis is the formative role that insurance law plays in investment and the impact of corporate counsel as a functionary aspect to the insurance business. Employing a Six Sigma assessment approach, corporate case studies and aggregate insurance industry data are put into dialogue with the history of client litigation by those firms.
TALE OF CONTENTS
Problem Statement…… [Read More]
While the insurance companies worked to satisfy claims there were so many of them that there were backlogs for months at a time. Clients were left to figure out how to survive without having insurance money in their hands and tempers began to flare on all sides of the crisis (Burr, 2006).
As additional natural disasters continued to loom over the sunshine state and wreak havoc, insurance companies won the right to begin raising their premiums to try and recover from the massive and unprecedented losses that they had suffered over the past decade (Fogg, 2006).
The legal decision to allow an increase in premiums pleased the insurance companies however it angered the policy holders in significant numbers.
The Sunshine State is suffering from a symbolic cloud cover of epic proportions. The ominous overcast outlook is a result of two major factors in the Florida insurance atmosphere -- public outrage…… [Read More]
Operations & Service
Intensity of ivalry
Invest in Technology
GEICO began life in 1936 as the Government Employees Insurance Company (GEICO) but is better-known by its acronym. The company has always focused on the auto insurance industry. Today, GEICO is a wholly-owned subsidiary of Berkshire Hathaway. The original business model was to focus on government employees, but soon the company opened up to a broader audience (GEICO, 2015).
Industry Value Chain
The value chain consists of five elements of a business from which a company can derive competitive advantage: inbound logistics, operations, outbound logistics, marketing & sales, and service (MindTools.com, 2015). Inbound and outbound logistics are not usually a major part of the service value chain, though in GEICO's case the company only…… [Read More]
Industry and egulatory Strategy
The generic drug industry provides the public with pharmaceutical alternatives to branded big name prescription drugs. "In 2010 alone, the use of FDA-approved generics saved $158 billion, an average of $3 billion every week."(Generic Pharmaceutical Association. 2011. P.1). With the continuing increase in health care expenditures and health insurance premiums for business and consumers; in 2011 premiums increased by nine percent (Abelson, eed. September 27, 2011. P.1), and "with so many people relying on prescriptions, the cost implications loom large for the American public, health insurers, and government payers" (Kaiser.edu.org. N.D.P.1). Generic drugs must play a more prominent role in the U.S. health care profile, as such as CEO of the Generic Pharmaceutical Association (GPA), the organizations legislative push is toward patent reform which would call for generic drug competition within seven years of the name brand drug introduction. In so doing pharmaceutical prices would fall…… [Read More]
isk and Insurance Management
isk is believed to be a newly coined word of assurance (for example, Ewald, 1991: 198). One of the broadly shared suppositions regarding insurance is that it spins around an instrumental concept of risk. Possibility and the amount of influence make up a technical concept of hazard/risk and hazard administration is chiefly worried about reviewing these possibilities and influences (for an overview see Gratt, 1987). For instance, external profits of financial or political occurrences lay down thresholds for the availability of associated risk guesstimates or reckonings (Huber, 2002).
So, the range of the risk groups cannot be clarified by risk judgment single-handedly; peripheral circumstances that could be political, financial or inclusive of image, arts and manners, are also required to be taken into account. Therefore, if risks are not be present, per se, but are deliberately selected, we can go a step ahead and presume them…… [Read More]
com). A certain amount of errors is to be expected, but there should not be so many that it demonstrates a certain level of skewedness about the model in its entirety. Thus, if the NHI model is the one which is selected, then it needs to be tested against a range of different scenarios. The following demonstrate some truly relevant what-ifs: what if the doctors only move half the projected volume; what if medicare slashes rates; what if competitors open a comparable program (dgapartners.com).
There are a range of factors which can change or adjust once a healthcare facility opens their doors for business. And as much as this facility is attempting to engage in a solid humanitarian effort, at the end of the day, it's still a business and people need to get paid. Thus, before engaging in further developmental activities, one needs to determine in what ways the…… [Read More]
Insurance companies enjoy large profit margins in the insurance industry. A reason for these margins would be the project management ability of firm employees to effectively management risk. Project management tools enable managers to effectively manage inherent risk with project implementation and management.
An example of a project management issue at an insurance firm is provided by Pula & Stone (2003), "The authors' research shows that customer relationship management (CM) projects can achieve higher rates of return by work on data quality. Existing and new data need to be integrated and shared, with updates synchronised among many different systems. These systems (including operational, analytical and customer contact applications and databases) were rarely designed to work together and the data they collect and use are not normally collected, structured or quality-assessed for the CM purposes for which they are eventually used." (Pula, Stone, 2003)
The block quote is to…… [Read More]
Health Insurance Consumer Knowledge
Do most people know everything about their health insurance plans?
The two plans investigated for this assignment are Blue Cross Blue Shield and Humana, two of the most widely used and recognized health insurance companies in the United States.
Do you think that in general most people know everything about their health insurance plans?
The healthcare reform act of 2009 sought to make the healthcare system in the United States more navigable for Americans and to prevent health insurance companies from taking advantage of their customers. It seems, however, that the dense amount of legal and financial information embedding in the policies published by most companies is beyond the comprehension of most Americans (Gabel et al. 1987). Most people probably are aware of their emergency and primary care coverage but might not know about other less publicized and critical elements of insurance coverage plans which may…… [Read More]
Understanding the correct path is extremely important in any occupation, however those of us who wish to serve others within the health industry require a certain self-reflection with a complete understanding of what it takes as necessary to become successful with in this specific area. Health professionals are expected to adhere to high standards of behavior and demonstrate these principles as they care for others in their time of need. The health industry is large in size and scope, requiring many individual, throughout the entire system to effectively demonstrate these traits to ensure its success. Those working in the health insurance industry, nurses of all sorts, hospital staffs, medical and non-medical doctors all contribute to this demanding, yet rewarding profession. The purpose of this paper is to examine my own specific behavioral traits, talents and attributes and align them with those ideals I think are necessary and present…… [Read More]
Meanwhile, without any competition, such as n the form of a public healthcare insurance system, the private healthcare insurance industry also continually increases premium fees virtually at will (Kennedy, 2006; eid, 2009). Furthermore, by refusing policies to high-risk patients, private health insurers essentially "cherry pick" the lowest risk patients while leaving the most expensive medical services to be furnished at the public's expense by public funds available to provide healthcare for low-income individuals (Kennedy, 2006; eid, 2009). That is why, at the very least. The future of American healthcare insurance must include a public option (Kennedy, 2006).
The Issue of Government Healthcare Insurance Lobbying
The principal way that the private healthcare insurance industry maintains its control over American healthcare is through political lobbying of government representatives (Kennedy, 2006). In fact, there are approximately six healthcare industry lobbyists in Washington for every publicly elected representative. Throughout the 2009 negotiations in Washington…… [Read More]
I'm sickened and saddened by what I've become, and I'm staggered by the speed at which I've fallen" (Grisham, 1996, p. 140). Much of the book is realistic, but any good work of fiction takes license in some areas, and this work does, as well. A lawyer getting so involved with a client that he kills an abusive husband would probably be disbarred just about anywhere in the country, and yet udy looks like a hero when the story is finished. That is certainly not realistic.
Grisham supports his thesis against insurance companies throughout the work, by portraying the company and its representatives as greedy, uncaring, and only out for one thing - profits. Grisham writes, "So this is how the uninsured die. In a society filled with wealthy doctors and gleaming hospitals and state-of-the-art medical gadgetry and the bulk of the world's Nobel winners, it seems outrageous to allow…… [Read More]
conventional wisdom has always stated that hedging strategies and life insurance are ill-matched partners. The belief has always been that the philosophical motivation behind employing one is diametrically opposed to that of the other. Insurance companies have traditionally shunned the use of derivatives as a hedging strategy because the insurance industry is all about risk management and hedging instruments required too much specialized knowledge and too many risks to be utilized as suitable strategies, especially when there were conventional investments that could guarantee a significant long-term return one's capital investment. During prosperous -- or at least non-volatile times -- very few investors or managers questioned this way of thinking. However, ultimately, whether one is talking about life insurance, pensions or playing the market, it's all about winning, and over the last few years as the market made a mockery of mutual funds and other traditional investment tools, the only ones…… [Read More]
The other necessary element in this process is procedure cost vs. reimbursement evaluation and proactive search of strong reimbursement for future volume. Analysis of the first element is crucial because it helps in ensuring that reimbursement documented in existing contracts is being effectively recorded. The information obtained during this stage can be used at any time of renegotiations or contribute to the development of effective alternative approaches. The assessment of the second element helps to determine how insurance contracts compare and to ensure reimbursement expectations are established within competitive market ranges. The third element can be used for defense in validating the need for higher reimbursement than the current offer.
Second Students' esponse:
As the use of managed care plans have increased in the past few years, there is an increased need for appropriate insurance contracting strategy. The existing managed care plans are primarily based on demand management through co-payments.…… [Read More]
Insurance Agent for State Farm Insurance
Success as an independent insurance agent does not come easy. In this industry, success has largely got to do with hard work and an exceptional ability to handle occasional rejections. However, the benefits for those who succeed in this case are immense.
In my opinion, I would say that my success as an effective independent insurance agent for State Farm Insurance has largely been founded on not only my personal character but also my past achievements and business related experience. To begin with, I have always been a hard worker. I believe in the power of effort especially when it comes to getting things accomplished. Further, I would say I am rather talkative. I also regard myself an effective communicator. Effective communication skills are important in the insurance business largely due to the need to keep in constant contact with the public. In addition…… [Read More]
Insurance for Nurses
Most of us probably see the issues of overtime and insurance as being entirely separate from each other. But for nurses, there is a clear connection between the two - one that is becoming clearer all of the time. Nurses have throughout the past decades found themselves working more and more hours, often being forced to take overtime shifts. This has resulted in a decreased quality of life for the nurses themselves and often results in poorer care for patients. One of the roles that nurses have always provided is the kind of extended personal care that patients need and that doctors cannot economically provide. This is being compromised by ever-increasing patient loads and by nurses who themselves are increasingly stressed.
So what has the issue of mandatory overtime to do with insurance? Quite a lot, actually. Nurses are being used more and more often to perform…… [Read More]
The company that we are examining is Satander Group. This is a firm that is a subsidiary of Sovereign ank. To determine the strengths and opportunities facing the company we will look at the Ansoff Matrix. This is when a corporation is focusing on a number of different factors to include: market penetration, market development, product development and diversification. These elements are important, because they are identifying how quickly the firm is growing in various segments of the industry. elow is the table for the Ansoff Matrix of the firm.
Ansoff Matrix Satander
Market Penetration -- 80 million customer around the world
Product Development - Corporate usiness Center Solutions
Market Development -- 140 thousand branches / 35 thousand ATMs.
Diversification -- The purchase of RS.
(Ansoff Matrix 2011)
Market penetration is when you are looking at the company's ability to be able to maintain…… [Read More]
Moreover, because the organization heavily promotes its commitment to global and local ecological and environmental responsibility, the proposed change only lends further support to these values and demonstrates broader commitment to achieving the desired outcome through every means possible. That is equally important from the perspective of maximizing internal "buy-in" and from the perspective of presenting a comprehensive and consistent public policy externally (obbins & Judge, 2009; Stevens, 2008).
Evaluation and Conclusion
The recommended change for the organization is inherently testable by comparing the objective data of employee performance before and after implementing the suggested policy change on a case-by-case basis. Successful and productive implementation of trusted (i.e. senior) employees would provide the basis for extending the same opportunity to others. Likewise, the success of this communications initiative is also imminently testable because its success would correspond to a specific change in organizational policy according to the recommendations outlined in…… [Read More]
This information is then rated and scored, to determine the take home pay of the manager. Where, those who perform poorly on this index will see a 25% reduction in their pay. This is significant, because it shows how the system that All State uses; helps with goal setting and to promote diversity work. Where, the employee will be selected because of their talents. Then, to maintain motivation and diversity, the company will ask employees for their thoughts on these issues. Over the course of time, this will change the atmosphere of the company, as they are able to quickly address various employee and customer issues quickly.
Ashby, F. (1999). Leadership Development as a usiness Strategy. Effective Leadership Programs. (pp. 11 -- 31) Alexandria, VA: American Society for Training and Development.
Cochraine, A. (2010). All State. Retrieved July 18, 2010 from est Practices Institute website: https://bestpracticeinstitute.org/members/articles/allstate-insurance.html
Hillriegel, D. (2007).…… [Read More]
Discount Scheme for Health Insurance
No Claim Discount (NCD) Schemes are Frequency-rating systems and are commonly used in insurance. NCD schemes represent an attempt to categorize policyholders into relatively homogeneous risk groups who pay premiums relative to their claims experience. Those who have made few claims in recent years are rewarded with discounts on their initial premium, and hence are enticed to stay with the company (Boland, 2006). Depending on the rules in the scheme, new policyholders may be required to pay the full premium initially and then will obtain discounts in the future as a result of claim free years. The general insurance actuary modeling an NCD scheme would frequently use Markov chain methods to investigate how premiums and movements take place over time.
No Claims Discount scheme is a form of frequency rating used in health insurance; the practice is to consider the number of years since the…… [Read More]
Adult Day Care Industry
ABC Adult Day Care will be a mid-sized company, which will provide adult day care services to the residents of Boston. This mid-sized adult care facility will serve adults aged fifty years and above. It will provide community-based day health services for the elderly and disabled. Services offered include living assistance, nursing, therapy, meals, and social activities. Their services will be secure and safe, presenting the elderly with an excellent place where their caring services will be met. ABC Adult Day Care will be a privately held organization headed by its founder, Ben Stevenson. Mr. Stevenson has extensive experience in strategic business planning. His advanced knowledge and interest in business are the driving force behind his business. A few employees who have extensive experience in adult care fields will support the daily operations of the facility. With the rising rate of inflation, many American families struggle…… [Read More]
What do you think the pharmaceutical Industry will look like in 10 years? Why?
What do you think the pharmaceutical industry will look like in ten years? Why?
Despite the sharp upturn in profits over the past twenty years for the pharmaceutical industry, there is grave concern amongst industry insiders that this cannot continue indefinitely. "Increasing price and cost pressure, regulatory changes and expiring patents are leading to shrinking margins in the pharmaceutical industry. Almost three in four companies believe their industry is in a strategic crisis" (Berger 2013). This is despite the fact that "the top 10 pharmaceutical companies were able to increase sales by about 13% between 2009 and 2010" (Berger 2013). Concerns abound that the failure to create a new 'hot' drug will create substantial downward price pressure. "&D costs have risen by more than 80% worldwide over the past 10 years. On the other…… [Read More]
Under Anglo-American common law, Ungern-Sternberg (2004) reports that, "When a property has changed owner, it is quite possible that no insurer is liable for subsidence damage, even though it has been permanently insured. Many homeowners suffer from the illusion that their building insurance will automatically pick up the whole bill but some have found this an expensive pipe dream" (p. 49). In reality, when consumers purchase a new home, it is carefully inspected and all known faults are identified, but unknown faults are also inherited in the transaction (Ungern-Sternberg, 2004).
Consequently, the experiences of many homeowners to date have been encounters with previous policyholder's insurance company disavowing responsibility for such damage as well as the new insurance company that will argue the damages are the result of pre-existing conditions. This nebulous area of building insurance remains controversial, and Ungern-Sternberg (2004) emphasizes that the practice continues to adversely affect building purchasers.…… [Read More]
The house would still be capable of customization but would not necessarily have to be. This could lead to more profitability to the builders and a less likely chance of sloppy workmanship. The home building industry has the opportunity to show that it can react to adversity and with the situation as it currently stands, builders may have the desire to lower expenses, while not cutting corners, as much as possible.
The home building industry, therefore, seems to be one that can provide the economy with a boost when it is needed, with a foundation at all times and with overall growth that can lead to a robust job market, growth in the GDP and financial independence for those builders that are willing to commit to the hard work necessary to succeed. There are relatively few industries that provide individuals with that type of opportunity and even fewer industries that…… [Read More]
Texas Department of Insurance illustrates why and when the Texas Department of Insurance was formed and how much it has accomplished since the time it was established. This paper highlights the number of people employed by the TDI, their annual budget and their board of governors.
The Texas Department Of Insurance
The prime purpose of the Texas Department of Insurance is to efficiently manage files on all the insurance carriers in Texas. These files are categorized by their respective types and region and are provided to other school districts upon request. The Texas Department of Insurance is divided in such a way that each group governs each insurance type. "For example, property and casualty, life and health, and workers' compensation are each separate departments with teams of experts capable of answering inquiries and complaints about each of those specific types of insurance" (Texas Comptroller Of Public Accounts, Purchase School District…… [Read More]
2. Second, the deductibility of mortgage interest and property tax payments serves to lower the after-tax cost of homeownership, also contributing to owners' ability to increase savings or consumption. Many low-income owners may not benefit from these provisions, however, because the standard deduction often exceeds interest and property tax
3. Third, homeownership allows a borrower to tap into secured lending against his or her home, which, all else equal, is often at a lower rate of interest than unsecured lending. All these financial benefits are possible but in no way assured. As discussed in the following text, the proper way to view homeownership is as an investment that carries with it significant risks and uncertainties. For any number of reasons, homeowners can end up losing money on their homes or earn less of a return than if they had rented over some period." (Herbert and elsky, 2008, p. 9)
A…… [Read More]
To rebuild their image, the company would try a number of different strategies, none of which would prove to be successful. This would hurt the market share of Gap to the point that many analysts now believe that it may be advantageous to spin off the company's: Old Navy, anana Republic and Gap stores. What this shows, is how a company can begin to lose its way when it is not focused on adjusting to changes in consumer tastes and trends. In the case of Ann Taylor, they need to be aware of this hazard, as it can have an adverse impact on the long-term viability of their business. (Reingold)
A second challenge that Ann Taylor can be wrestling with is a lack of focus on the part of management. In this case, managers must understand the role that their decisions will have on their organization. Where, executives must clearly…… [Read More]
Significance of the Study
This study is significant because it sheds light on a very important contributor to local and international trade. Trade fairs have a long history in providing a meeting place for buyers and sellers. They are an important channel of communication for B2B buyers and sellers. This is a significant area for study because there are limited channels of communication between B2B buyers and sellers. The previous sections have diversified the importance of communication to trade. B2B buyers and sellers cannot use mass channels of communication such as television advertising or newspaper advertising. In this market usage of personal visits and demonstrations are the common channels of marketing and communication. The B2B selling and marketing activities are less highlighted in research than B2C activities. Therefore, this study is significant because it explores a very important channel of marketing and communication in the B2B market.
The study is…… [Read More]
In the recent years, trends have emerged in the healthcare management industry, which includes patient protection, social media in healthcare, and drug shortages. Patient protection has largely been influenced by laws and policies in different nations. In the United States, the enactment of the Patient Protection and Affordable Care Act (PPACA) has resulted in the lowering of overall healthcare costs, whereby millions of individuals have access to insurance, thereby guaranteeing free preventative care. Social media in healthcare has stemmed from the increased use and adoption of the technology for health-related reasons by patients as well as healthcare practitioners. Moreover, drug shortages have emerged as a challenge that hospital pharmacists encounter and manage in different measures on a daily basis. The paper explores the trends in the three aspects as they relate to the healthcare management industry. Furthermore, it focuses on drug shortages as the topmost priority.
Social Media in Healthcare…… [Read More]
Adult day care industry is well-known for providing social and basic health assistance to the elderly with physical and mental disabilities. The assistance provided in these adult day care centers include meals, hygiene services such as bathing and cleaning up, therapeutic activities and transportation. This industry is differentiated from nursing homes since adult day cares only operate during normal business hours and therefore do not include home or night care ACH National espite esource Center, 2004.
Companies in this industry depend on three major sources of finance which are grants from donor agencies, fees charged to clients or public funding from the government. Public funding represents 55% of product segmentation while client fees represent 26%. In the year 2013, the industry had gross revenue of 6.2 billion dollars representing an annual growth of 2%. 3,700 businesses operating in this industry made total profits of just over 396 million dollars. According…… [Read More]
Humana was founded in 1961, and was originally a nursing home company (Investor, 2013). David A. Jones, Sr. And Wendell Cherry were the founders (Investor, 2013). In the beginning, the company was called Extendicare (Investor, 2013). In the early 1970s the company moved into purchasing hospitals, and had become the largest hospital company in the world by the 1980s (Investor, 2013). In 1974 the Humana name was taken by the company, and in 1978 the size of the company was doubled because it took over American Medicorp (Investor, 2013). A fast-track plan was used throughout the 1970s, and during that time the company was opening one hospital every month (Investor, 2013). That is much faster than the norm for the industry, and Humana did something else very significant during that time. It developed a design for hospitals that used a double corridor instead of just a single one (Investor, 2013).…… [Read More]
Price Targeting Industry
Customers usually complain that they purchased the same product or service at higher price than their friends did. This is actually the price targeting technique that sellers use in order to receive maximum profits or revenue. However, if the customers are aware of the actual price and sellers' technique then they can make a better deal.
Price targeting is one of favourite techniques of vendors to earn more profits since they can sell the same product or service at different prices to different customers. y this method, vendors identify point of transaction where consumer decides to purchase the product or service and is ready to pay amount close to the maximum price. Thus, the vendors may capture the consumer surplus.
Retailers make discrimination in prices because consumers also hide the maximum price that they are willing to pay off for the particular product or service.…… [Read More]
It is important that human resources within the airline devise strategies to minimize the possible negative effects that union relations may have on the workforce.
There are several issues that have impacted the airline industry as a whole, and present implications for the human resources challenges discussed thus far. The first of these issues is a drastically changing workforce demographic within the airline industry. In particular the workforce is aging. Establishments in the air transportation industry have a significantly higher proportion of employees in the 45 to 54 and 55 to 64-year-old age ranges than other industries (Wallace & Gonzalez, 2005). Specifically, employees in the 45 to 54-year-old age group comprise approximately 35% of the whole workforce (Wallace & Gonzalez, 2005). On the contrary, workers in the 14 to 24-year-old category comprise only 4% of the workforce (Wallace & Gonzalez, 2005).
This issue presents human resources challenges with regards to…… [Read More]
Chinese Manufacturing Industry
The social group that I choose to analyze is the population involved with the Chinese manufacturing industry. I choose this particular group is because of three reasons. The first reason is China's economic develop is growing rapidly relative to the rest of the world. Another interesting fact is that compared with other countries, Chinese labor is much cheaper yet there is still a high skill level. Because of these factors, a large number of products are exported every year and some people have called China "factory of the world." The final reason is personal and it is because I am a Chinese, I have an intimate knowledge with China, and my family is also currently engaged in the manufacturing industry. I have access to information about the environment, economics, and politics that has led to the number of manufacturing companies in China that is currently…… [Read More]
FINRA believes, however, in going beyond regulation. A stated mandate of FINRA is to improve investor education, because FINRA believes that "investor protection begins with education" (FINRA website, 2010). FINRA has set up an Investor Education Foundation, which in 2009 spend $46 million on improving investor education about the markets.
FINRA believes that the markets should be fair for all participants. The body feels that this will ensure investors have as many choices as possible for their money. In addition, FINRA believes in taking a proactive approach to regulatory issues, because this will enhance its mission of consumer protection (Ibid).
FINRA was set up by the two major exchanges in part because of the need to ensure that the markets are fair and are regulated efficiently and effectively. Stock markets today compete globally for capital and FINRA is a natural response to the need of U.S. markets to gain competitive…… [Read More]
Overall the growth of the homebuilder industry is consistently in flux. This is because, this particular industry is not nearly as solidified in its infrastructure as the above two industries. As a result, speculation and investment often drives homebuilding to a frenetic pace, but then can crash almost instantly as well. Furthermore, the economy dictates to a much stronger degree to the actual success of the industry.
However, in application to tradeshows, the constant flux in the industry has a positive effect. This is because homebuilding professionals are much more interested in price and diversity as result of the diversity within the sector. Tradeshows that exhibit different products can cater to the differing needs of their clients, as a result, they are much more effective than other industries. Professionals are always looking at new methods to out compete whether through quality or price. Therefore tradeshows offers them the opportunity to…… [Read More]
The Industry Dominant Economic Features
Market Size and Rivals:
Pace of Process and Product Technology Change
Economies of Scale in Purchasing
PORTER'S FIVE FORCES
Threat of New Entrants
THE DRIVERS OF CHANGE IN THE INDUSTRY AND THEIR IMPACT
The Economy and Interest Rates
KEY SUCCESS FACTORS FOR COMPETITIVE SUCCESS
Understanding the Markets
Understanding Local Regulations
INDUSTRY'S ATTRACTIVENESS, LONG-TERM PROFITABILITY AND CONCLUSION
The homebuilding industry plays a major role in the United States economy, as a significant employer and cash generator. Each year the industry hires more than 3.5 million workers and the housing investment and consumption accounts for one-fifth of the United States' gross domestic product (GDP). Recent figures support the role of homebuilders as vital to the American way of life (AzPath). In 2001, the homebuilders were responsible for building 1,602,700…… [Read More]
The demand for their services underwent a period of diminishment, because of the strong emotional impact that the events had upon the population living all over the world and especially in the United States of America. Despite various negative forecasts, the airline industry got back on track soon afterwards. Not only did the demand not fall, but it underwent significant increases.
Another element which could affect the functioning of the airline industry in a negative manner is represented by the concerns for the environment. Leaving aside the issue represented by the phonic pollution, aspects such as global warning may become an important concern for the airline industry should the issue gain a high importance on the public and political agendas. So far, however, the issue did not manage to influence people's choices regarding travelling by airplane, regardless of the attempts made in this directions by various politicians. (Pickard, 2006)
How…… [Read More]
History of FedEx:
The attempts at using airplanes for commercial transportation of goods started when the air planes started flying. One of the first air freight carriages took place in 1910 when a department store sent a bolt of silk by air from Dayton to Columbus, Ohio. This transport was studied by the local newspapers and they said that it had beaten the railroad transport that was the normal mode of carriage between the two cities. The volume of goods sent by air continued increasing regularly and in 1927, the total volume lifted by air became a total of 45,900 pounds and this grew in 1929 to a total of 257,000 pounds. The quantity lifted by air became more than a million pounds in 1931 a year. (A History of Commercial Air Freight)
The possibilities of lifting goods by air had been noted, yet the possibilities of the…… [Read More]
Bonding & Insurance
Miller Construction is a corporation that has been in business for 50 years and enjoys a good reputation. The majority of the company's business is in road works, and Miller Construction has been steadily profitable. The company was built by the elder Miller, who passed away a few years ago. Since that time, the business has been run by his son, Jacob. In two weeks, Jacob's brother Kenneth will be returning from military duty with the intention of joining the family business.
Since taking over from his father two years ago, Jacob has come to the realization that he is not as savvy at running a business as his father was. In particular, Jacob is weak with financial management. Jacob had accumulated personal debt, and to manage this he borrowed against the company's payables. Jacob also has some personal issues. He once filed a false insurance claim…… [Read More]
Guardian Life Insurance Co. ranks #239 on the Fortune 500 list with revenues of $12.4 billion in 2017 and profits of $455 million. It currently owns $75 billion in assets and is one of the premier insurance and investment companies in the U.S (Fortune, 2018). The goal of Guardian in the near future is to sustain its position and “to endeavor to be valued as an industry leader in client satisfaction, sales growth, product performance, financial strength and profitability” (Guardian Life Insurance, 2018).
This paper provides an overview of Guardian Life Insurance. It examines the products and services that the company offers, the types of investment services and products offered, the practices that drive the company and the manner in which the company motivates employees. By discussing the company in this manner, the overall view of what Guardian Life Insurance has to offer can be seen.
Mission and…… [Read More]
" (National Conference of State Legislatures Forum for State Health Policy Leadership, 2007). However, regardless of state, the applicants have to meet certain qualifications. First, applicants have to be both uninsured and not eligible for Medicaid for other forms of state sponsored insurance. In addition, not all S-CHIP recipients have to be children; states can get waivers to use S-CHIP funds to cover adults. These other recipients are generally adults who are responsible for S-CHIP eligible children, and/or pregnant women. However, "at the end of 2005, four states had waivers to use SCHIP to cover childless adults, and nine states cover unborn children who will be eligible for SCHIP at birth as well as prenatal and childbirth services for the mother of the child." (National Conference of State Legislatures Forum for State Health Policy Leadership, 2007). The fact that states have chosen to do this reaffirms the concept that the…… [Read More]
You paid for a single page speech. This company writes 275 words per page. You received a document of 313 words--more than you were allotted--with examples in the first two paragraphs.
If you want more examples, more points, and some format which you did not specify in the additional instructions, I suggest you contact the administration about additional pages for this assignment, or purchase a new order.
New instructions, such as this format you\\\\\\\'re now talking about and which wasn\\\\\\\'t in the original instructions, require a new order or additional pages.
Patient and Affordable Care
Opener: I know people whose health care insurance rates tripled in 2014, when all the components of the Patient and Affordable Care Act were enacted into law. It is worth noting that one person in particular (my neighbor) was in perfect health, had no pre-existing conditions, and had not even utilized his health care plan…… [Read More]
There are two constant irritations in U.S. pharma companies' relationships internationally:
Some developing nations, such as India, razil and South Africa, are chipping away at the patent situation, trying to shorten the time until the drugs can be brought out in generic form.
The U.S. has supported high prices as the cost for innovation. Since other countries are not playing along, this means that their citizens are benefiting from the innovation paid by Americans.
ig Pharma is at a crossroads today. The previous "great" chronic diseases, like diabetes, heart disease, infectious disease (viral and bacterial) have now been tackled by "blockbuster" drugs.
The high regulatory pressures, price pressures and lack of future such blockbuster markets dictates that pharma companies will have to innovate a lot more in niches -- more products, smaller markets. The large pharma companies which grew up in a time of plenty will therefore have to…… [Read More]
Healthy Employee Pay Less for Insurance Premiums?
Statement of the Issue
The objective of this work is to examine whether the healthy employee should contribute less towards their health insurance premium than employees who are less healthy. Employers are more often offering wellness and health promotion programs focused on promoting good health among their employees and employee's families. Driving this movement is the rising cost of health insurance, as well as disability leave and sick leave benefits. Added to these cots are those associated with lost productivity due to employees being off from work. The position of this writer prior to examining this issue is that employers would benefit from reducing health insurance costs for employees who are healthy and who follow a good health program.
Background of the Issue
The position taken and supported in this work in writing is that immediate actions should be taken by expanding public…… [Read More]
Prevateur Ethical Stance of the Pharma Industry
Pharmaceutical industry has been challenged with more than its fair share of ethical dilemmas. Even though generally considered an industry vital to the health and lives of people, this industry has also faced challenges like no other industry because of the very fact that it deals with lives and health of the public. The pharmaceutical industry believes in developing drugs for the general and specific benefit of the population and they would do every in their power to accomplish this task with absolutely care. However there are things where they may not compromise which can lead to ethical problems. One such area is drug prices. We all know that prescription drugs though considered ethical drugs are very high in prices and the more specific the target, the higher the price. Those who do not have insurance can find themselves in a very bad…… [Read More]
United States and National Healthcare Insurance:
A Winning Proposition?
Physical health and well-being are among the most basic needs and desires of human beings. We all hope that neither ourselves nor our families will ever be the victims of sickness, incapacitation, or any other malady. We hope too that if we ever do require the services of professional Healthcare providers we will not be bankrupted by the expense. Yet, it is a fact of life, that good Healthcare does not come cheaply. Especially in the United States, physicians hospitals, and other forms of medical care are extremely expensive. Like their counterparts in so many other fields, American medical practitioners are among the most highly paid in the world. A serious illness, especially one requiring hospitalization, can spell financial ruin. It is of course for these reasons that so many Americans have Healthcare insurance. Nevertheless even this insurance is very costly.…… [Read More]
They were just so intense, so focused, so transaction-driven, there literally wasn't time for people to put ideas out and discuss and debate them."
These constraints to effective management oversight and innovation were further exacerbated when the company went private in 2001. According to Stopper, "ARAMARK went from a leveraged buyout situation in 1984, with only some 50 people having equity in the company, to an initial public offering (IPO) in 2001 with 97% ownership by employees. It was a huge cultural shift. Many employees incurred debt in order to have ownership in the company. In his view, HR's power and influence came from performance and creating value, not from advancing or acceding to personal agendas."
To their credit, though, Hayes reports that the company finally took action to remedy this situation by creating an action project team to assess the potential threats involved in retaining the status quo and…… [Read More]
improve or inder te effectiveness of non-workplace-Based training programs for te American pawnbroker industry?
Overview of te Industry:
In te United States, tere are two main functions of a pawnbroker. Te first is making small loans, secured by personal property. Te second function is te sale of mercandise.
According to te Florida Pawnbrokers Association, loans are te ig profit center for pawnsops. "Te retail side also generates an average of 27% of te sops revenue. Te Association stated, "In 1996, te nation's 9,100 pawnsops generated $4 billion in revenue."
Pawnbrokers are regulated in te United States mostly at eiter te state or local area. Wile tere is no uniformity among te regulations, laws, or ordinances, it seems most are issued licenses, required to make reports to law enforcement, and obviously proibited from trafficking in stolen mercandise.
Te amount te pawnbroker is permitted to carge as fees and interest vary, but…… [Read More]
Cybe Secuity Relating to the Use of Metadata in the Retail Industy
The Goal of Businesses
Impotance of Consume Meta-data to businesses within the Retail Industy
Instances whee the use of Meta Data may be hamful to Consume
Possible Method those lawmakes should conside egulating to contol the use of Meta-data
Goals of lawmakes within the Public Secto
Goals of this industy, and Public Secto goals, as moe new cybesecuity Laws ae Pomulgated
In the pesent digital envionment, both the govenment and pivate companies have goals to pusue. While the goal of the etail companies is to incease thei evenue and potect thei citical assets, the goal of the public secto is to potect both consumes and pivate companies. Howeve, the public secto may face challenging to balance these goals because inceasing numbe of etail companies ae using the big data to collect pivate data on thei customes that may…… [Read More]
Market for Cars
Understanding Consumer Needs In The Automobile Industry
Understanding and Satisfying Consumer Needs in the Automobile Industry
The automobile industry is rather different from other aspects of the economy. Car companies focus on establishing respective and individual brand images while building their personalities up among consumers. The focus of targeting the various audiences allows car manufacturers to market alternative products through strategic ways that cater to emotions, needs, and desires of typical consumers (Best, 2006).
The major factors that contribute towards consumer purchases of vehicles include the levels of fuel costs and scope of environmental impacts. The issues also include opportunities for using new technologies. However, the approach of the factors also reduces through improvements in engine efficiency and changes in consumer sentiments (Klier, 2011). The commercialization of newer technologies in vehicles explains why car sales do not meet the set projections. The market has gender segmentation used…… [Read More]
POST-9/11 Management OF U.S. AILINE INDUSTY
Strategic Management of the United States
Airline Industry after the 9/11/2001 Terrorist Attacks
Strategic Management of the United States
Airline Industry after the 9/11/2001 Terrorist Attacks
Airlines in the United States have a long, complicated history in terms of management strategy that includes alterations due to technological advances, bankruptcies, economic downturns, deregulation and even presidential intervention, but none of these forces had the power to both destroy and restructure the industry like the events of September 11, 2001.
The 9/11/01 attacks on the United States fundamentally altered the way the U.S. airline industry operated both publically and internally. One area that suffered significantly from these attacks, and brought about the need for major overhaul within the industry itself was strategic management strategies and practices within the airline industry in its entirety. The 9/11 attacks on America brought about the need for immediate change in…… [Read More]
Selection citeia used by constuction contactos fo selecting a subcontacto.
Related degee o cetificate
Relevant expeience in building constuction
Simila type of pojects to the poposed wok
Simila size ($) of pojects to the poposed wok
Souce: Dulung & Pheng, 2005, p. 94.
The espective weights wee then soted in ascending ode using Excel (see copy of data table at Appendix a) and ae illustated gaphically in Figue 2 below fo ease of compaison as to thei elative impotance in the subcontacto-selection pocess.
Figue 2. Selection citeia used by constuction contactos fo selecting a subcontacto.
Souce: Based on tabula data in Dulung & Pheng, 2005 at p. 94.
Although the constuction is fundamentally diffeent fom othe manufactuing entepises as noted above and by these authos, based on…… [Read More]
That sense of security is very important for someone who wants to come out of school and then feel secure about one's employment for the next forty years.
There are a couple of things that do not appeal to me about the health care profession. One of them is that the corporate culture seems very rigid and bureaucratic. There is a lot of paperwork and everything is very exacting. This is something that does not necessarily appeal to my personality, which is oriented towards the problem-solving aspect of the profession. Another thing that does not appeal to me about health care is that many positions require long working hours. This is okay when I am young, but I also envision a time when I will have a family and not want to work so hard so that I can see my children grow up. My uncle said some things that…… [Read More]
Government Intervention in the Steel Industry
The Bush administration announced the imposition of sweeping tariffs of up to 30% on steel imports to the United States for a period of 3 years in March 2002 purportedly to save the ailing steel industry from collapsing. Predictably, the action has invited particularly harsh criticism from the U.S. trade partners that have been directly affected by the tax, i.e., the European Union, Japan, and China. Domestically too, the proponents of a free market economy have been no less critical of the measure, although the U.S. steel industry, in general, has welcomed the move.
This research report will focus on various aspects of the U.S. government's imposition of steel tariffs. It will discuss the benefits and costs of tariffs in general, and include a history of government's support of the U.S. steel industry, details of the steel tariff 2002, why it was imposed, and…… [Read More]
It is likely that the retrieved results will indicate a cost of not hedging significantly larger than that of hedging.
Dozier Industries has a long standing tradition and a favourable reputation. The company worked mainly with the military, but also came to engage in civilian contracts. Having operated mostly nationwide, the UK-based company is now presented with the opportunity of conducting international activities. This however implies both benefits, as well as limitations.
A relevant limitation is given by the risks implied by the exchange rates, namely by their future and unknown fluctuations. This is the main reason why organizations choose to sign hedging contracts. The most common hedging alternatives are the forward, futures and option contracts. The option contracts are the most flexible ones, but they do present an additional risk for the seller, ergo employing the premium.
Despite the advances in the financial market, there still are…… [Read More]
downsizing on Manufacturing Industries
The amount of information on the effects of down sizing on manufacturing was not plentiful, however one main point that flows through all of the articles is that even though down sizing may be done to help a company it can end up hurting them in the long run. In the paragraphs to follow we look at the effects that downsizing has on people and companies as well as look at whether or not downsizing is truly the answer.
Parker (2003)eports that in 2003 the expected job losses among the manufacturing industries in Great Britain would create the effects of rising input costs and oil price increase on the job cuts; Downturn of the purchasing managers' index for manufacturing; Decrease in the rate of manufacturer's orders. So even though these cuts may be necessary he pointed out that it would have an overall negative effect.
The…… [Read More]
General Motors was founded in 1908 and has been the largest manufacturer, designer, building and marketer of cars and trucks throughout the world since 1921. It sells vehicles in more than 200 countries worldwide and maintains assembly, manufacturing, distribution or warehousing operations in 53 of these countries. In 2000, it sold 8.6 million cars and trucks - constituting 15.1% of the entire world vehicle market (the world's biggest share) at $4.5 billion net sales and $184.6 billion in revenues. (General Motors). It envisions itself as the enduring world leader in transportation products and related services, whose goal is "to maintain this position through enlightened customer enthusiasm and continuous improvement, driven by the integrity, team work and innovation" of its employees. (General Motors)
The organization operates in four regions. The first, which has the largest market at 27%, is the GM North America. This region designs, manufactures and markets vehicles for…… [Read More]
Lyondell Basell Industries offers a positon of Machinist Apprentice in our Machinist Apprenticeship program. The program consists of 144 hours of classroom instruction and 2,520 hours or one year of on the job experience. Once training is complete, apprentices are called journey workers. Not only do you get much needed experience as a Machinist, but you also get benefits along with learning the ability to manufacture high precision "prototype" parts out of an assortment of materials, using all types of conventional or Computer Numeric Control (CNC) machine tools as well as the ability to estimate the work and plan the Computer Aided Manufacturing (CAM) processes from the Computer Aided Design (CAD). (CalApprenticeship.org, 2013, p. 1) You can work with a team, engineers, or by yourself as the choice is yours.
Here is the breakdown of the hours and skills you'll learn and complete in our program: 240 hours or 6…… [Read More]
Law and Policy Case Study
Overview of legal environment of Washington, DC
Washington, DC is among the U.S. states that hold most of the U.S. economy. The central location of Washington, DC, provides it with strategic business opportunities and other related economic activities that contribute to the overall economy of the U.S. The strategic location of Washington, DC, implies that it has various legal regulations that influence the execution of different activities within the state. Among the regulations, include those issued by the federal, state, local, and tribal governments alongside the organizational policies that influence the behavior of organizations in Washing, DC. These laws comply with the constitutional, civil, criminal, due diligence, and administrative laws of the U.S. The presence of these regulations mean that the environment provided in the Washington, DC favors various activities aimed at stimulating overall economic growth (Mann & oberts, 2013).
Applicable laws and regulations to…… [Read More]
health care IT strategy
Hospitals form one element of the health care industry, proving medical care for patients. There are three main types of hospitals in the U.S. -- for profit, non-profit and government. While many hospitals operate independently, some are part of larger groups. But overall, they are diffuse. The annual revenues for the hospital business around estimated to be around $1 trillion (IBIS World, 2015). There are an estimated 5.5 million people working in hospitals, mainly in nursing, administration and doctors. There are approximately 2900 hospital businesses in the U.S. (IBIS World, 2015).
The largest hospital operators in the U.S. are Community Health Systems, based in Tennessee, which runs 188 hospitals, and Hospital Corporation of America, which is also based in Tennessee and which has 166 hospitals (Marshall, 2015). The 10th-largest chain, however, only has 8 hospitals, so outside of the major groups the hospital business is fairly…… [Read More]