Decisions in Paradise Iii
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Decisions in Paradise Part III
Cathy D
MGT 350
May 30, 2010
Decisions in Paradise Part III
Milliman, Inc. is an actuarial consulting firm in the process of expanding the business to the island of Kava. Milliman has met with various government agencies and businesses on the island to determine what type of financial planning is needed. With the threat of various disasters on Kava, Milliman plans to work with the community to be prepared financially and give them the ability to recoup business in a timelier manner with the financial resources Milliman will help put in place.
Factors affecting the decision implementation
When starting a new project the biggest factor that could affect implementing any decision is communication. As leaders for the Kava project, Alex and I need to make sure that we clearly and thoroughly explain what the goal is, and listen to the members of our team to obtain quality solutions. According to Lewis (2006) “Effective communication is without doubt a key component of successful change..”. For the Kava office to be successful, our team must be able to communicate the goals and expectations to the team. We must also be willing to hear feedback and value the input received from the team members (Lewis, 2006).
The first three goals we established were to hire a local employee, create a marketing brochure, and obtain proper business licenses and tax requirements to operate legally Milliman in Kava. Although we have used the resources at corporate to help with all three, there are still small issues that Alex and I must be able to deal with, and also need to create options in the event the original plan does not work. Developing back up plans will help make the transition easier and will allow our team deal with any last minute situations that may arise.
One of the first items to take care of was to introduce our new employee, Sam, to the rest of the consultants at Milliman. Our team believed it was as valuable for Sam to...
Cathy D
MGT 350
May 30, 2010
Decisions in Paradise Part III
Milliman, Inc. is an actuarial consulting firm in the process of expanding the business to the island of Kava. Milliman has met with various government agencies and businesses on the island to determine what type of financial planning is needed. With the threat of various disasters on Kava, Milliman plans to work with the community to be prepared financially and give them the ability to recoup business in a timelier manner with the financial resources Milliman will help put in place.
Factors affecting the decision implementation
When starting a new project the biggest factor that could affect implementing any decision is communication. As leaders for the Kava project, Alex and I need to make sure that we clearly and thoroughly explain what the goal is, and listen to the members of our team to obtain quality solutions. According to Lewis (2006) “Effective communication is without doubt a key component of successful change..”. For the Kava office to be successful, our team must be able to communicate the goals and expectations to the team. We must also be willing to hear feedback and value the input received from the team members (Lewis, 2006).
The first three goals we established were to hire a local employee, create a marketing brochure, and obtain proper business licenses and tax requirements to operate legally Milliman in Kava. Although we have used the resources at corporate to help with all three, there are still small issues that Alex and I must be able to deal with, and also need to create options in the event the original plan does not work. Developing back up plans will help make the transition easier and will allow our team deal with any last minute situations that may arise.
One of the first items to take care of was to introduce our new employee, Sam, to the rest of the consultants at Milliman. Our team believed it was as valuable for Sam to...