Question 4 (Two Points) Prepare a first draft BPMN diagram that shows the Boat Sales Insurance Process. Be clear about how the customer interacts with the Insurance Company. Reading 5 In working up the BPMN flow diagram‚ you will notice that there are several occasions where the Registration Clerk has to update policies. As this occurs often‚ it’s important to get it right‚ so the BPM team decides to define this specific process in more detail. To do this‚ they interview the supervisor of
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Introduction Creativity & innovation is important for enterprises‚ especially high-tech corporations. In the trend of extensive globalization‚ it is almost impossible for any enterprise to survive in the business world without seeking help from creative innovations. The paper focuses on significance of creativity & innovation in the operation of a famous company----3M. 3M is a manufacturing company that has a long history‚ it has a series of well-known products and brands. The first part of the
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Abstract This paper talks about operational innovation which is a competitive weapon at progressive insurance. The case is summarized and the operations management techniques used in this case are explored. Operational Innovation Operations strategy specifies the means by which operations implements corporate strategy and helps to build a customer-driven firm (Krajewski J. 2009‚ pp.9). It links long-term and short-term operations
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CASE STUDY: INNOVATION AT GOOGLE No doubt that Google’s success is based on innovation the opportunity and the future vision for business‚ but also the ability to use the tools available. In this sense‚ Google shines in the time of communicating. It has made its official blog‚ a tool used by many companies‚ is consulted daily by thousands of people‚ both media used as a source or for any kind of Internet users eager to learn more about the leader of the Network. Not many years ago‚ doing some
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What wasn’t that great about it One of the only problems I had with the GO-GO Ultra X was its maximum travel distance - it can only drive for 8 miles on one charge. That’s a shame‚ since it’s otherwise so mobile and maneuverable‚ you’d think the manufacturers would want to take advantage of that as much as possible. Final Verdict The slower speed and shorter battery duration means that this scooter is best suited for short-range travel indoors or to the store. But when this scooter is in its element
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Innovation at 3M Corporation Case Summary 3M was and still is a worldwide leader in innovation. After a rough start in 1902‚ over decades‚ 3M enjoyed national and global growth as well as a reputation for remaining a hothouse of innovation. In the 1990’s‚ 3M was trying to move away from the incrementalism and it sought to change the mix of new products to truly create something new to the world‚ instead of line extensions‚ which typically had provided two out of three new-product sales dollars
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Renter’s Insurance covers the personal effects and third party liability of an apartment or house renter. Smart consumers evaluate comparative offerings from insurance companies based on the nature of coverage. Some elements that are important are the amount of deductible‚ maximum benefit‚ per occurrence maximums and the specific events that are excluded in the coverage. If a tenant realizes that personal possessions have been damaged or ruined owing to a fire or a break in‚ he cannot expect the
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Case 4: Progressive Corporation 1. How has Progressive’s strategy evolved over time? Is it sustainable? Answer: Progressive began in 1937 by Joseph Lewis and Jack Green‚ and over the years‚ it became the number three player in the US private passenger auto insurance industry through competitive pricing and by continuously improving our products and services. Progressive’s customer value proposition was “Fast‚ Fair Better”. The Progressive was constantly looking for ways to provide insurance to
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Handout CALVIN Case 1A Calvin Peters could see stars again. That was the second time during the short walk that a fit of coughing made him stop and wait for the pinpricks of light to fade from his vision. Calvin was on his way to see his girlfriend‚ Edwina‚ a second-year nursing student. Calvin knew that Edwina would nag him about going to the doctor; however‚ he had more important things on his mind. A bitter fall wind was blowing and Calvin was underdressed in a
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Insurance I | | INTRODUCTION | Insurance is legal contract that protects people from the financial costs that result from loss of life‚ loss of health‚ lawsuits‚ or property damage. Insurance provides a means for individuals and societies to cope with some of the risks faced in everyday life. People purchase contracts of insurance‚ called policies‚ from a variety of insurance organizations. Almost everyone living in modern‚ industrialized countries buys insurance. For instance‚ laws in some
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