| Welcome to our Monthly Newsletter – August 2006 |
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| A New Force in International Insurance
Worldwide Risk Solutions is a U.K. based commercial organisation facilitating global business strategies and business development in the international insurance industry. For more information about us, please go to www.worldwiderisksolutions.com | ||
| International
Strategies – How can they work profitably?
Groups of independent entrepreneurs working together on international business are rightly single-minded in their approach to providing high quality service to their clients. But when they out-source service to partners in foreign countries, they do not have the same grip on their clients. What sort of plans are in place to ensure the right level of service? Who pays for this? Who sets the rules and who enforces them? If you do not have any agreed goals and objectives as to how to run a network, it is difficult to make your own growth plans work. This is especially true with international business where through language misunderstandings, cultural differences and market practices, you might not even realise that what you are expecting someone to do is like asking a mute violinist to sing an aria! In this and the next series of e-newsletters we will look briefly at some of the criteria for successful networks: VISION: why did the partners want to associate with like-minded firms in other countries? VISION: are the reasons for creating an association one or more decades ago still valid? VISION: do people really think it is possible to sit back and get rich by not doing anything but putting their name on a contact list? VISION: has anybody got any better ideas? If you have questions about global developments or if you wish to discuss your own international strategic plans, just give us a call (+44 (0)1444 450 919) or send us an e-mail (info@worldwiderisksolutions.com) and we will be happy to look at some of these questions and to start providing answers. |
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| When
was the last time you reviewed your network’s performance
and partner satisfaction?
In many countries the law says that automobiles must be checked for roadworthiness once a year. We all know of a certain country which hankers after the State of the Union speech – just to be sure that there is accountability and answers to questions (mind you, it is not very objective!). The same should apply to groupings of commercial firms: are the reasons why the group was formed (the Vision) effective in generating benefits for the partners and their clients? We will look at your organisation and if the Vision still makes sense, then you will still be on the right road. In our next e-newsletter we will look at the Mission. See our Contact Details George Worsley, Director |
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| © Worldwide Risk Solutions LLP 2006 | ||