Accounting

Abstract

This report provides an in depth analysis of ABC Company's strategic and financial management. It presents a comprehensive insight into ABC Company's business structure, its operations, executive biography, marketing and risk management and competitors. The report is a detailed strategic and global management analysis of ABC Company. The paper critically analyzes the various aspects, departments and organizational factors that influenced the complete process of formulation and implementation of the business operations.

Accounting

ABOUT THE COMPANY

The ABC Insurance Company is a publicly held company that offers individual automobile and homeowners insurance for the east coast. The home office is located in Albany, New York. In addition, there are independent field agents operating out of our New Jersey and Massachusetts.

Executives and Personnel

Financial Analysis

ABC Company's profits and other aspects of organizational performances are discussed here onwards. ABC Company has been facing tough competition for the organization that has been already operating in the market and from those that have just entered the market. Apart from the 4 years trends of the price of ABC Company products that is prevailing in market. ABC Company's products have seen a gradual decline over the past four years. This is due to the managerial action regarding the pricing strategies of ABC Company. ABC Company'has opted to penetrate in the market rather than skimming. For this purpose, it has reduced prices to a great extend to challenge its competitors for cost efficiency.

KEY DEPARTMENTS

ABC Company's model is a strong and unique business structure that is vertically integrated to an extreme professionalism. The personnel of ABC Company have been working in an extremely efficient manner. The proper and organized hierarchy of ABC Company makes it least vulnerable to various factors that many organizations fall prey. The various factors evaluated are presented in the paragraphs to come.

Human Resource/Payroll

Human resource department is a dynamic field of ABC Company, evolving understanding of the patterns of impact of HRM practices and systems on performance to embracing the mediating mechanisms. At the same time, researchers in this area continue to engage in exciting research in HRM performance (Wright & McHahan, 2000, pp 295 - 320). Linkage between HRM and firm performance are based on the assumption that ABC Company is heterogeneous with respect to the strategic resources. On the other hand, the increasing aim of the strategic human resource management process cannot be overlooked. SHRM promotes effective resource allocation decisions and activities regarding the management of the human resource of ABC Company. Apart from that, the resource-based view has undoubtedly dominated HRM role in contemporary business environment (De Saa-Perez & Garcia-Falcon, 2002, pp 123 - 140). ABC Company focuses on capitalizing the human resource expand its ability to grow in global markets and gaining sustained competitive advantage on the basis of human capital.

Underwriting

The implication is that longer term price management and its impact upon these value perceptions is arguably a more important objective than short term price management because past prices signal a product's worth to consumers (i.e. TV) — it is the price history as well as ...