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Innovation at Progressive Insurance
Essay specific features


Written by:
Cecile S
Date added:
March 26, 2015
Level:
University
Grade:
A
No of pages / words:
3 / 813
Was viewed:
6871 times
Rating of current essay:
Essay content:
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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