Team concept successful if managed carefully

Article Abstract:

The downsizing trend that has effected corporations has yielded organizations with fewer people that must bear the same or larger work loads as did the pre-downsized work force. Downsized companies can maximize the productivity of their work forces by adopting the team concept. If managed carefully, work teams can be highly successful. The experience of teams at 147 different insurance companies shows how successful teams work. A successful team is limited to 10 members and has its priorities set by management. While commitment is on a collective basis, accountability is on an individual basis.

Methods, Work design

---

Industry must shatter merger management myths

Article Abstract:

Insurance companies should avoid myths associated with mergers and acquisitions. Executives should not try to consolidate duplicate computer systems in the first part of merger efforts. Also, too much organizational change during the merger can be a fatal mistake, so business reengineering should be carefully planned. Companies should allow four- to six-weeks of full-time training to help employees get up to speed with new products, new job responsibilities and new computer systems.

Acquisitions & Mergers Analysis, Acquisitions and mergers, Financial analysis

---

To increase productivity rebuild in-house counsel

Article Abstract:

Insurance companies should learn to manage their in-house litigation departments more effectively. Many in-house legal departments tend to be managed like traditional law firms, despite an awareness that law firms are inefficient. However, in-house legal departments offer strategic opportunities to control costs and quality. Such departments, though, need to be managed with efficiency and cost savings as key goals.

Corp Legal Services, Corporate counsel

Similar abstracts:

• Abstracts: Become an ambassador for managed care. Employers take a bite of managed dental care. Dividing the information highway: some insurers are reserving their cyberspace efforts only for top producers
• Abstracts: Few sheriffs on the wild, wild Internet. Insurers venture onto the Internet web. Imaging can improve service, cut costs
• Abstracts: Performance-based fees reward brokers, clients. Insurers take another swing at work site selling
• Abstracts: Any willing provider laws threaten to sink managed care. Managed care faces stinging backlash
• Abstracts: Year 2000 doomsayers finally get insurers' attention. Insurers should respond to customer-based market. Internal control systems help insurers reduce risk

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.