Strategic Management: Developing a Restructuring Plan at Takaful
VerifiedAdded on  2023/04/21
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AI Summary
This strategic management project analyzes real-world managerial issues at Takaful Emarat Insurance in the UAE, focusing on organizational design and addressing failures in communication, collaboration, coordination, and control. The report identifies issues such as declining sales, high staff turnover, and internal conflicts stemming from poor customer service and internal processes. As a Creative Visualizer, the author proposes a restructuring plan involving internal and external environment analysis, problem-solving techniques, and strategic recommendations to enhance business performance, improve customer satisfaction, and achieve competitive advantage. The plan emphasizes better communication, collaboration, and responsiveness to customer needs to rebuild trust and loyalty, ultimately aiming for increased profitability and sustainable growth.
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