The effect of organisational competencies on a bancassurance’s competitive strategy
- Authors: Munenekwa, Sifiso
- Date: 2014
- Subjects: Industrial organization , Insurance companies , Organizational effectiveness
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/55289 , uj:16275
- Description: Abstract: Notable in strategic management research is a shift in emphasis from industry factors (i.e. Industrial organisation) as determinants of competitive strategies to internal factors like the resource based view. This study focuses on the influence that the organisation’s competencies have on a bancassurer’s competitive strategy. An interpretive study was adopted for this research and the data was gathered through structured self-administered questionnaires with closed ended questions from 77 management personnel. The population of the study consisted of all middle and senior managers employed by the bancassurer totaling 11 666. A sample of 88 middle and senior managers was selected from this population. Of the 88 managers selected, 77 of them managed to return the fully completed questionnaires representing a response rate of 87.50% of the sample. In addition to questionnaires, archived company records were also used. The data collected was analysed using frequency graphs and tables. The findings suggest that although all the organisation’s competencies identified affect the organisation’s competitive strategy in some way or the other, some competencies have a greater influence on the competitive strategy than others. In addition, the findings also revealed that the organisation’s competencies are not dynamic enough to sustain its competitive advantage in a constantly changing environment. , M.Com. (Business Management)
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- Authors: Munenekwa, Sifiso
- Date: 2014
- Subjects: Industrial organization , Insurance companies , Organizational effectiveness
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/55289 , uj:16275
- Description: Abstract: Notable in strategic management research is a shift in emphasis from industry factors (i.e. Industrial organisation) as determinants of competitive strategies to internal factors like the resource based view. This study focuses on the influence that the organisation’s competencies have on a bancassurer’s competitive strategy. An interpretive study was adopted for this research and the data was gathered through structured self-administered questionnaires with closed ended questions from 77 management personnel. The population of the study consisted of all middle and senior managers employed by the bancassurer totaling 11 666. A sample of 88 middle and senior managers was selected from this population. Of the 88 managers selected, 77 of them managed to return the fully completed questionnaires representing a response rate of 87.50% of the sample. In addition to questionnaires, archived company records were also used. The data collected was analysed using frequency graphs and tables. The findings suggest that although all the organisation’s competencies identified affect the organisation’s competitive strategy in some way or the other, some competencies have a greater influence on the competitive strategy than others. In addition, the findings also revealed that the organisation’s competencies are not dynamic enough to sustain its competitive advantage in a constantly changing environment. , M.Com. (Business Management)
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'n Inligtingsoudit om die strategiese inligtinghulpbronne van 'n versekeringsmaatskappy te identifiseer
- Authors: De Vaal, Inarie
- Date: 2014-11-19
- Subjects: Information resources management , Insurance companies
- Type: Thesis
- Identifier: uj:12908 , http://hdl.handle.net/10210/12797
- Description: M.Bibl. , Information is increasingly recognised and managed as a resource. In any organisation it contribute directly to the performance of all functions. The purpose of this study was to use Burk and Horton's methodology to conduct an information audit to an assurance enterprise to identify the company's strategic information. This was to prove the importance of information as a corporate resource for competitive advantage. A literature study was undertaken as well as an overview of the method and results of an information audit. The information audit was only done for the library and the law administration department. The literature study gave the necessary overview of the information audit method, but the empirical investigation provided the value of the information. Information was collected on three different forms. The first was the inventory which was divided in three sections: sources, services and systems. The second form was the file surrogate card, which contained all the information of the law files. The third form was a questionnaire to establish the information needs of the users as well as the availability of the information they need to fulfil their tasks. The information flow was also monitored in the company. Although the "lnfoMap" -method of Burk and Horton was used, it was discovered that this method had several shortcomings regarding the practical application, such as the calculation of the monetary value of the information. After an analysis of the research results it is evident from the shortcomings and needs that have come to light regarding the management, objectives, use, value and cost of information assets that it is necessary to formulates an information policy and that the conclusion can be drawn that the information audit provides meaningful data that can serve as the starting point for developing a formal information management plan for this insurance company.
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- Authors: De Vaal, Inarie
- Date: 2014-11-19
- Subjects: Information resources management , Insurance companies
- Type: Thesis
- Identifier: uj:12908 , http://hdl.handle.net/10210/12797
- Description: M.Bibl. , Information is increasingly recognised and managed as a resource. In any organisation it contribute directly to the performance of all functions. The purpose of this study was to use Burk and Horton's methodology to conduct an information audit to an assurance enterprise to identify the company's strategic information. This was to prove the importance of information as a corporate resource for competitive advantage. A literature study was undertaken as well as an overview of the method and results of an information audit. The information audit was only done for the library and the law administration department. The literature study gave the necessary overview of the information audit method, but the empirical investigation provided the value of the information. Information was collected on three different forms. The first was the inventory which was divided in three sections: sources, services and systems. The second form was the file surrogate card, which contained all the information of the law files. The third form was a questionnaire to establish the information needs of the users as well as the availability of the information they need to fulfil their tasks. The information flow was also monitored in the company. Although the "lnfoMap" -method of Burk and Horton was used, it was discovered that this method had several shortcomings regarding the practical application, such as the calculation of the monetary value of the information. After an analysis of the research results it is evident from the shortcomings and needs that have come to light regarding the management, objectives, use, value and cost of information assets that it is necessary to formulates an information policy and that the conclusion can be drawn that the information audit provides meaningful data that can serve as the starting point for developing a formal information management plan for this insurance company.
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The impact of the proposed solvency margin requirements for South African short-term insurers on competitiveness
- Authors: Nyathi, Dominic Doubt
- Date: 2010-10-28T08:58:32Z
- Subjects: Financial Services Board (South Africa) , Insurance companies , Financial services industry , Financial condition reporting
- Type: Thesis
- Identifier: uj:6948 , http://hdl.handle.net/10210/3458
- Description: M.Comm. , Financial Condition Reporting is the new proposed risk-based approach to calculating the solvency requirements of the short-term insurance companies in South Africa by the regulator, the Financial Services Board. A risk-based approach to calculating capital requirements is currently the most popular in the developed nations with the United States of America being the champion of this. Australia has implemented its own version of the risk-based capital approach and the United Kingdom has implemented ICAS which is a prelude to Solvency II to be implemented by the European Union. It is unknown how Financial Condition Reporting in South Africa will affect the levels of competitiveness of the short-term insurance industry. Qualitative study was done firstly to develop an understanding of the regulation of financial services and secondly to get an appreciation of how the regulation of financial services affects the levels of competition within the industry. Due to the fact that different people (organisations) have different views on the proposed financial reporting, qualitative data methods provide participants with an opportunity to discuss their reasons. The intention of the researcher was to get as much information as possible from the interviews and hence one of the data collection techniques employed was the use of a tape recorder.. Generally all participants indicated that Financial Condition Reporting was more than welcome in the short-term insurance industry. It was evident that this will force the board of directors of short-term insurance companies to be involved in the risk management of the organisation. In turn this will allow an in-depth understanding of the risks that the organisations are facing. i Financial Condition Reporting will certainly not come without costs; these could either be the cost of implementing the internal models as this will inevitably require the use of qualified actuaries or the capital required as dictated by the prescribed model as this is an industry average. Both costs can result in some companies merging or some being bought out and this could change the scales of competition within the short-term insurance industry.
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- Authors: Nyathi, Dominic Doubt
- Date: 2010-10-28T08:58:32Z
- Subjects: Financial Services Board (South Africa) , Insurance companies , Financial services industry , Financial condition reporting
- Type: Thesis
- Identifier: uj:6948 , http://hdl.handle.net/10210/3458
- Description: M.Comm. , Financial Condition Reporting is the new proposed risk-based approach to calculating the solvency requirements of the short-term insurance companies in South Africa by the regulator, the Financial Services Board. A risk-based approach to calculating capital requirements is currently the most popular in the developed nations with the United States of America being the champion of this. Australia has implemented its own version of the risk-based capital approach and the United Kingdom has implemented ICAS which is a prelude to Solvency II to be implemented by the European Union. It is unknown how Financial Condition Reporting in South Africa will affect the levels of competitiveness of the short-term insurance industry. Qualitative study was done firstly to develop an understanding of the regulation of financial services and secondly to get an appreciation of how the regulation of financial services affects the levels of competition within the industry. Due to the fact that different people (organisations) have different views on the proposed financial reporting, qualitative data methods provide participants with an opportunity to discuss their reasons. The intention of the researcher was to get as much information as possible from the interviews and hence one of the data collection techniques employed was the use of a tape recorder.. Generally all participants indicated that Financial Condition Reporting was more than welcome in the short-term insurance industry. It was evident that this will force the board of directors of short-term insurance companies to be involved in the risk management of the organisation. In turn this will allow an in-depth understanding of the risks that the organisations are facing. i Financial Condition Reporting will certainly not come without costs; these could either be the cost of implementing the internal models as this will inevitably require the use of qualified actuaries or the capital required as dictated by the prescribed model as this is an industry average. Both costs can result in some companies merging or some being bought out and this could change the scales of competition within the short-term insurance industry.
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