Growing Importance of the Global Economy Essay Example for Free

Growing immenseness of the Global Economy EssayHow has the growing importance of the global economy affected your organizations competitiveness? The global financial crisis continues to be a severe shock to most enterprises. The initial economical downturn, the worst since the Great Depression, has affected almost alone sectors of the economy. Everyone and every organization that has felt the pain. The company I work for serve the basic insurance needs of the fast-growing but largely under-served Ameri squirt centerfield income market. While many insurers have moved up-market, we are firmly committed to helping working families and retirees bear basic protection through long-term care, life and supplemental health insurance products, as sound as annuitiesHow has your organization responded to this? My company offer consumers choice in how they buy insurance products. They can buy direct from Colonial Penn, which has special expertise in direct sales. They can purchase prod ucts crosswise the kitchen table through career elements from Bankers Life and Casualty association, independent agents of our Washington National Insurance Company unit or through its Performance Matters Associates marketing arm, both of which also offer voluntary good 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 steady as we reduced costs. A streamlined application and straight-through processing system has shortened customer and agent turn-around times and lowered application costs.2013 CNO Financial Group, Inc. http//www.cnoinc.com