During the 1990s, the business environment for Australian insurers was challenging, and insurance companies had to change strategies. During this time, HIH put undue reliance on reinsurance to meet its future debts and embarked in high-risk insurance services such as the UK film investments and marine insurance business... Showed first 250 characters
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During this time, HIH put undue reliance on reinsurance to meet its future debts and embarked in high-risk insurance services such as the UK film investments and marine insurance business. The risky HIH investments in FAI and operations in the United States and the United Kingdom were decisions that should have indicated problems with the group's direction... Showed next 250 characters
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This article explains how operations-based strategy can be used to attack or defend competition. There are examples of companies that successfully used an operations strategy to beat competition and also companies who failed to use an strategy and were attacked by their competition...
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RESPONDING TO THE ENVIRONMENT (Strategies)
I- ADOPTING TO THE ENVIRONMENT:
Itís the Decentralizing of decision making, by delegating the authority to the middle managers to cope up with the regional changes...
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Porterís Generic Strategies Analysis
Porterís generic strategies framework constitutes a major contribution to the development of the strategic management literature...