1. Ylimited is a bank functioning in India. It is planning to diversify into insurance business. Lately, the
government of India has allowed the private sector to gain entry in the insurance business. Previously,
it was the prerogative of LIC and GIC to do insurance business. But now with liberalisation of the
economy and to make the field competitive other companies have been given licenses to start insurance
business under the regulation of Insurance Regulatory and Development Authority'. Y limited plans to
recruit higher quality employees and agents and exercise effective direction to capture a substantial
part of life and non life insurance business.
1. Identify how the company can supervise its employees and agents effectively. What benefits will
the company derive from effective supervision?
2. What financial and non-financial incentives can the company use for employees and agents
separately to motivate them? What benefits will the company get from them?
3. How can the company ensure that higher order needs i.e., esteem and self-actualisation as
specified by Abraham Maslow are met?
4. Give a model of formal communication system that the company can follow. Identify the barriers
in this model. How can they be removed?
5. How can informal communication help to supplement formal communication model given by you
in answer to question 4?
Hint:
Answers
is planning to diversity into insurance business. Lately, the government of India has allowed the private sector to gain entry in the insurance business. ... plans to recruit high quality employees and agents and exercise effective direction to capture a substantial part of life and non-life insurance business.
Y Ltd is a bank, functioning in India. It is planning to diversify into ...
Previously, it was the prerogative of LIC and to diversify into increase business. Lately, the Government of India has allowed the private sector to gain entry in the ...
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NCERT Solutions for Class 12 Business Studies Chapter 7 ...
30-Sep-2019 — It is planning to diversify into increase business. Lately, the Government of India has allowed the private sector to gain entry ...
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Case Problem Y limited is a bank functioning in India. It is planning to diversify into increase business. Lately, the Government of India has allowed ...
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Informal communication takes place outside the official channels of communication. It fills the gaps that might exist in the formal communication. Merits ... More