Title: Innovation at Progressive Insurance
|Date:||August 15, 2015|
|Length:||3 / 813|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
According to Hamel, “no company outperforms its aspirations”. For Progressive their goals were ambitious but they were able to prove that they could outperform the average. They had the unique ability to finely segment using the appropriate information, data mining and statistical analysis, possessed the necessary proprietary software and the challenging strategy; they seemed to have all the prerequisites necessary to expand their market share...
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As Hamel suggests they defined themselves on the basis of competences and assets. They knew they had great software, namely their “Claims Workbech”, they had good data, but most importantly they had great assets, which were their employees. Their philosophy was to hire the best and pay the most; an open market for talent...
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