Principles of Marketing, Student Value Edition (17th Edition)
Principles of Marketing, Student Value Edition (17th Edition)
17th Edition
ISBN: 9780134461526
Author: Philip T. Kotler, Gary Armstrong
Publisher: PEARSON
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Chapter 12, Problem 12.17VC
Summary Introduction

Case summary:

Company P is the one of the top I Industry that focuses on innovation. Company P was the 1st company to offer installment payment of premium, 24/7 customer service, and drive-in claim service. But Company’s P important move is its way of distribution channel. Most of the I companies distribute their policies by direct contact with customer or intermediary agents; Company P was the 1st company to do both.

Later in 1980s, Company P distribution channel included 800 agency number channels. 2 years ago, Company P was the 1st company to start digital media by creating website. Soon after its 1st insurance, policy was auto insurance policy online. Today, customers manage everything through Company P’s website from managing their account information to directly reporting the claims.

Characters in the case:

  • Company P
  • Company I

Introduction:

A supply chain is a system between an organization and its suppliers to distribute and produce a particular product. The supply chain of any organization takes care of every step involved from delivery of a product to final consumers. It is divided into two parts namely downstream and upstream partners.

To discuss: The ways that Company P had an impact on I industry.

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Progressive has attained top-tier status in the insurance industry by focusing on innovation. Progressive was the first company to offer drive-in claims service, installment payment of premiums, and 24/7 customer service. But perhaps Progressive’s most innovative moves involve its channels of distribution. Whereas most insurance companies distribute via intermediary agents or direct-to-consumer methods, Progressive was one of the first to see value in doing both. In the late 1980s, it augmented its agency distribution with a direct 800-number channel. Two decades ago, Progressive moved into the digital future by becoming the first major insurer to launch a Web site. Soon after, it allowed customers to buy auto insurance policies online in real time. Today, customers can use Progressive’s Web site to do everything from managing their own account information to reporting claims directly. Progressive even offers one-stop concierge claim service. Using the model of consumer and business…
Progressive has attained top-tier status in the insurance industry by focusing on innovation. Progressive was the first company to offer drive-in claims service, installment payment of premiums, and 24/7 customer service. But perhaps Progressive’s most innovative moves involve its channels of distribution. Whereas most insurance companies distribute via intermediary agents or direct-to-consumer methods, Progressive was one of the first to see value in doing both. In the late 1980s, it augmented its agency distribution with a direct 800-number channel. Two decades ago, Progressive moved into the digital future by becoming the first major insurer to launch a Web site. Soon after, it allowed customers to buy auto insurance policies online in real time. Today, customers can use Progressive’s Web site to do everything from managing their own account information to reporting claims directly. Progressive even offers one-stop concierge claim service. Discuss the various ways that Progressive…
Progressive has attained top-tier status in the insurance industry by focusing on innovation. Progressive was the first company to offer drive-in claims service, installment payment of premiums, and 24/7 customer service. But perhaps Progressive’s most innovative moves involve its channels of distribution. Whereas most insurance companies distribute via intermediary agents or direct-to-consumer methods, Progressive was one of the first to see value in doing both. In the late 1980s, it augmented its agency distribution with a direct 800-number channel. Two decades ago, Progressive moved into the digital future by becoming the first major insurer to launch a Web site. Soon after, it allowed customers to buy auto insurance policies online in real time. Today, customers can use Progressive’s Web site to do everything from managing their own account information to reporting claims directly. Progressive even offers one-stop concierge claim service. Apply the concept of the supply chain to…
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