Strategic Business Plan 1999

Cover Strategic Business Plan 1999
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Maintain industry standards and financial ratios.
2.2. Ensure future financial viability of the State Fund.
3. Improve competitive capabilities 3.1 Ensure success of insurance agency partnerships.
3.2 Improve the rate of retention of the current book of business.
3.3 Increase rate of acquisition of new business.
3.4 Develop and launch a new product line.
3.5 Improve loss control effectiveness.
3.6 Improve marketing and public relations capabilities.
3.7 Implement "fair share pricing." 4. Improv
...e internal business infrastructure 4.1 Complete successful implementation of and maintain new information technology systems.
4.2 Develop an emergency preparedness and recovery plan to ensure business continuity in the event of a natural or man-made disaster.
14 1999 Strategic Business Plan 5. Improve management capabilities 5.1 Improve and utilize effective planning, monitoring, and evaluation processes.
5.2 Develop, implement, and regularly update a performance management system that incorporates benchmarking and standards by key position throughout the organization.


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