Economic Trend
Foreign
exchange is one of the factors that will inadvertently impact our company.
Since the company is based on offshore onsite model, the change in foreign
exchange will impact the revenue and profit margin.
Technological Trends
Since we
are IT shop this is the most critical factor that impacts our organization. Our
North America division primarily focuses on providing industry leading product
solution to insurance carries. Following are some of the technology trends that
can impact our company like Aerial Digital imaging, Business Intelligence
designed specifically for insurance industry, and mobility
Competitive Trends
Competitive
trends, especially in the insurance product solution, includes speed to
implementation, product capability in specialty lines of business and advance
mobility solutions.
Company's mission
It is so
surprising that I have worked in this company for past 12 years and yet I had
to go look for the company's mission. I could not find official statement but below is what I could find.
Build a
valuable and evergreen Institution by sustained contribution and spotless
reputation, success of every stakeholder, collaborative culture, and 100%
responsibility for outcome.
Now that I
have watched the video it makes sense that the marketing goals are broad. If I
would have looked at this mission statement before watching the video, it would
not have made any sense. Our company provides IT services as well as leading
insurance product solutions to our customers. The mission statement talks
strongly about the company culture, quality and customer experience of our
organization.
What
needs do the products of my company satisfy?
Our
company offer insurance products like policy administration system that helps
insurance carriers to launch new lines of business to stay competitive and
sustain growth. The product also offers workflow automation to reduce
underwriting effort hence reducing the operational cost of insurance carriers.
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