AIG Insurance Essay Example | Topics and Well Written Essays - 750 words - 11

AIG Insurance - Essay Example According to the paper despite the institutional void, the American Insurance Group was the first to gain a license to operate insurance products. Though the company had to endure seventeen long years in the wait, the breakthrough came when AIG had already owned twelve subsidiaries in China allowing it to apply for an insurance license. The group had access to the Chinese market through its subsidiaries and by getting licenses to sell various insurance products in multiple cities, AUIG was able to break into the institutional void of the Chinese market. The manner in which AIG tailored its products to suit the Chinese market was another way in which the company ensured that its preciously procured licenses were not wasted away. The institutional void in the Chinese market was filled not only by AIG but later on by the Italian insurance giant too. However, AIG had the benefit of being the first in the market. The framework developed by Khanna regarding strategic policies and planning of an insurance company provides set guidelines that can be adopted by firms entering newer markets. The emphasis of companies should be to develop global policies and strategic standards in homogenous markets. However, the Chinese market was not comparable to any previous market that AIG had operated in – the key was to use Khanna’s framework and adopt the insurance products in order to suit the Chinese market. This study outlines that AIG transformed its products to suit the Chinese markets by introducing new marketing techniques and promoting its insurance products in a way that appealed to the Chinese population. It is obvious that there was no lying on part of AIG, however, the emphasis of the marketing program was to project the life insurance policies as savings schemes so that the Chinese market would pay attention to the products. The FSA’s developed by AIG in the markets provided it the advantage that it needed in the Chinese market.

The Gun Lobby as an Interest Group Essay Example | Topics and Well Written Essays - 1250 words

The Gun Lobby as an Interest Group - Essay Example In this case, the principles held by interest groups aim at effecting some government policies by benefiting themselves and to push for their cause. The typical objectives of these groups are to benefit some members of the society or fight for a general cause that affects the boarder citizen population. Lobby groups are common in mature democracies where public opinions matters in governing systems (Theodore and Ginsbergh 247). In this regard, there are numerous interest groups operating within the American population. All the interest groups found amidst the American social, political and economic systems aims at pushing for recognition by the government (Rosenthal 21). Their principles aim at gaining a result that satisfies some members of the society. Based on the theoretical appraisal of interest groups, gun lobby is one of the interest groups in the US. This group aims at voicing their concerns to the federal and state governing authorities. In addition, these interest groups ai m at pushing the government towards addressing the needs of the interested stakeholders. National Rifle Association or the NRA is the lobby group concerned with gun policies in the US. In this essay, we will evaluate the context of gun regulations with respect to the role played by NRA in influencing gun policies. Based on an informed state of affairs, it is rational to state that NRA hinders the implementation of safe gun policies by the federal and state governing systems (Pilkington 24). From a theoretical perspective, interest groups play a crucial role in a democratic society. The efforts and principles adopted by lobby groups can present both the positive and the negative effect to the subject society. The process of pushing for recognition of some views by a nation’s citizens is the backbone of democracy and public liberty. Interest groups are one of the tools meant to bring about the aspect of social justice (Theodore and Ginsbergh 261). Division along lines of race a nd material wealth characterizes the American population. Therefore, the society needs systems meant to address these pronounced inequalities through civilized processes like lobbying. According to concepts of political science, all interest groups are free to present their opinions without fear. The democratic governing system that characterizes America’s political, social and economic systems aim at achieving a state of compromise in cases of conflicts between any concerned parties (Selway 15). In this regard, the American government presents NRA with an opportunity to communicate their views concerning gun policies in the US. Therefore, NRA is free to push for legislation and enactment of policies that guide gun use within the American population. However, it would be logical and rational to acknowledge the fact that liberalized gun use within the American society has resulted in a social menace which should be addressed by the government. Incidences of deaths and murder a re on the rise and relaxed gun policies are responsible for this deplorable state of affairs. NRA plays a substantial role in influencing the government on structuring policies that govern gun business. The role played by NRA in influencing gun policies presents new challenges to the society. Some government authorities both at the federal and state level are striving to device mechanisms of curbing the gun menace among the