Preview

Business Research Objectives

Satisfactory Essays
Open Document
Open Document
337 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Research Objectives
Liberty Mutual Insurance Company
Training and Development
Business Research

RES/351 Business Research
Monday, November 25, 2013
Instructor: James Bankston, PHD

Liberty Mutual Insurance – Training and Development
Business Research

I currently work as a trainer for an insurance company, Liberty Mutual Insurance. I am

part of the training and development division of the company that supports the No Fault Claims

Offices. Part of our daily tasks is to assist our managers in conducting business research to

satisfy the needs of our customers, the Claims offices.

Business research is a method a company or a single department within a company

makes to decide the most efficient, productive, an ethical way to satisfy your customers and

make profits. Although in my area I am not directly involved in sales, I still play a part on

making sure the company continues to provide great service by retaining existing customers

and appealing to new ones. In order to be able to accomplish these goals my department

creates different levels and training courses. It includes from new hire training, to customer

service skills, different levels of computer system training and specific topics. The company’s

goal is to be “the best in class” and investing in its employees is a way to achieve it. Is nothing

new that the secret of a company’s success is their people, the employees they are the voice

and face of the company and giving them the tools to succeed with result on the company’s

success.

It is important to understand that a company’s business research does only concentrate

in its profit, service and product quality or competitor studies. It also includes other areas and

in this case part of the research is invested in the training and development team. To develop

employees by providing them with the knowledge, the tools and the

You May Also Find These Documents Helpful

  • Good Essays

    Addressing the funding of nonprofits in today’s environment requires creativity. Government funding cuts play a major role in a non-profits currently surviving on a safety net established with the Recovery and Reinvestment Act of 2009 (Senior Homes). Nonprofits also often receive state funds; with the recent economic downturn the groups receiving state support are receiving less funding and the money sent is often in the rears. As state and federal budget cuts loom, resources for nonprofits must rely on the private sector for funding and support. From 1999 to 2009 there was a 31% increase in nonprofit organizations according to the latest data (Charitable Statistics). With this increase in nonprofit organizations, there is a more competitive market for the allotted monies from both public and private resources which cause straining in the market. Organizations must think outside the box to pursue fundraising and awareness to their cause and campaign to differentiate themselves from those with similar missions in such a competitive market. Streamlining data and administrative processes are underway with many nonprofits. Not possessing the funding to develop a digital presence can also cause funding to move slowly since online marketing is a way to raise awareness and attention to potential funding sources.…

    • 594 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Sincero, S. M. (2012, May 10). Methods of Survey Sampling. Retrieved May 11, 2015, from Explorable: https://explorable.com/methods-of-survey-sampling…

    • 1038 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Business Research

    • 2697 Words
    • 11 Pages

    I heard the news that the President of Sparklin Automotive Company has decided to go off my recommendation and adopt the Balanced Scorecard, which I believe he adopted it to improved the performance of the employees as well as the company itself here at Sparklin Automotive Company. The President of Sparklin Automotive Company took the time out and sent me an email informing me "We at Sparklin Automotive Company have decided to adopt the Balanced Scorecard".…

    • 2697 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    their workforce due to the fact that they are committed to creating a culture in their workplace…

    • 402 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    The business research process is about learning everything there is to know about an organization, the consumers, competitors and the trade. The main points are trying to figure what products or services to offer, what consumers are likely to buy them, the region as to where to sell or buy them, and lastly the pricing. By following the important steps of business research a company is able to achieve these objectives.…

    • 492 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    ILM3 Assignment 1

    • 2281 Words
    • 7 Pages

    office environment as employees want to speak out, be heard, and have an influence on their own work. A second…

    • 2281 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Business Research

    • 260 Words
    • 2 Pages

    Topic: Develop appropriate research questions and hypotheses. In the Southeast, the potato chip market share held by the Lays brand is 46%. This is an example of _____. Question Source: Textbook: Ch. 3…

    • 260 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    The fundamental point of the case is how Allstate has succeeded in linking their diversity strategy to a competitive advantage. In a competitive, corporate environment companies must constantly be looking for ways to improve performance in parallel with achieving corporate goals and initiatives. Diversity at Allstate is ingrained in the company 's culture; they launched their first affirmative action program in the 1960s; however, their commitment to diversity at that time was not linked to recruitment, development, and retention strategies to business performance or strategy. It was focused mainly through education and training and therefore, was not linked to the company’s business strategy. Allstate realized it had to reinvent its diversity strategy. According to the director of diversity management the key question had become “How do you take this workforce of differences and bring them together in a more powerful way so that it can impact business results?” (Hellriegel and Slocum, 2011).…

    • 1225 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    A process of determining, acquiring, analyzing, synthesizing, and disseminating relevant business data, information, and insights to decision makers in ways that mobilize the organization to take appropriate business actions that, in turn, maximize business performance.…

    • 1503 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    It is said that the most important resource within an organisation is its people. This is because an organisation depends on the skills and capabilities of its employees to meet its mission. Employees are not a static resource. They need to be engaged, interested, developed and motivated. It is through such processes that organisations meet their business objectives and increase their employees' capabilities to create competitive advantage. This helps the organisation to…

    • 1947 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    In business world, to achieve a goal it is really need to have a good relationship between the superiors and the employees. It is because employees are one of the important elements in the company which can affect the company’s income and status. Facing directly the business condition now a day, the competitions are getting harder. Companies competed by rely on many sides which one of them is their employees. So, from here the company has to do a plan to defense the position in the market among the competitors to gain more profit. The profit comes from the consumer. Employees are the part in the company that understand and know what the consumer expected from the service or product. So, employee should can predict what product or service which can give the customers satisfaction.…

    • 766 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Jet Airways

    • 1204 Words
    • 5 Pages

    We have created high morale for our people. Our employees believe in the company. They believe it’s their company. There’s a feeling among employees that if the company makes money, it’s their money and if the company loses money, that’s their loss."…

    • 1204 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    “...bottom line results represent the cumulative results of highly involved workforces. But they would not have been possible without strong management support for the challenging effort to create and sustain a world-class culture.”…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Zain Company Culture

    • 511 Words
    • 3 Pages

    We are bringing cutting edge technology and advanced services to every country in which we operate by deploying our true competitive advantage – our human resources – to the front line. At the forefront of any successful company has to be its own people – at the forefront of planning, implementation and management.…

    • 511 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    You can’t build a great company without great people. The problem: How do you know the great people when…

    • 2455 Words
    • 10 Pages
    Better Essays

Related Topics