InsureCo’s Case Report

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Contents
Contents 0
1.0 Executive Summary 1
2.0 Introduction 2
2.1 Report Topic 2
2.2 Limitations 2
2.3 Sources of Data 2
2.4 Organisation of Report 2
3.0 The Lack of Appropriate Planning for Change………………………………………..3
3.1 Lack of Contingency Planning 3
4.0 Insufficient Investment in Leadership and Team Building 4
4.1 Transactional Leadership 4
4.2 Transformational Leadership 5
5.0 Transformational Leadership, Work Engagement and Emotional Intelligence 6 5.1 Work Engagement………………………………………………………………………...….6
5.1.1 Application to Case 6 5.2 Emotional Intelligence……………………………………………………………………….7
5.2.1 Application to Case 7
6.0 Ineffective Design of Reward System 8
6.1 Reward System in Today’s Context 8
6.2 Ineffective Reward system 8
6.2.1 Application to Case 9
7.0 Recommendations 9
8.0 Conclusions 10
9.0 References 12
10.0 Appendices 17
10.1 Appendix 1: SWOT Analysis 17
10.2 Appendix 2: Add-on Effect of Transformational Leadership 18
10.3 Appendix 3: Organisation’s Life Cycle and its Leadership Requirements………………….19

1.0 Executive Summary

InsureCo has met with several consequences that have adversely affected the company’s overall productivity, turnover rate, compensations costs and workplace engagement. It is imperative for the executives to understand the underlying causes behind these detriments to better the prospects of this company. If these problems persist, with impending global competition, InsureCo may not be able to adapt to the evolving demands of the workplace; this can result in its practices becoming obsolete and the perpetual costs to the company may bring about a financial deficit. Therefore, it is in the company’s best interest to identify the core problems behind these consequences; subsequently, devising long-term