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- Title
THE RESPONSIBILITY FOR THE ORGANIZATIONAL PLANNING FUNCTION: A SURVEY OF THE PRACTICES OF FORTY-EIGHT LARGE INSURANCE COMPANIES.
- Authors
Bailey, J. K.
- Abstract
This article presents a survey of organizational practices of forty-eight insurance companies in the U.S. It is safe to say that by 1960 organization planning had become one of the most influential staff activities in large organizations. As companies have grown larger and more complex and as they have become ever more widely dispersed, the need for more effective means of maintaining overall coordination and consistency of operations has grown in direct proportion. One such means has been to recognize the importance of the organization planning function and to spell out formally the objectives of this function. The basic purpose of organizational planning is to stimulate an awareness on the part of corporate management of the contribution to management effectiveness to be made by use of organization structures and relationships that call for the minimum number of management levels, provide for clear assignment of specific accountabilities at each level, encourage operational decisions to be made at the lowest practicable level, and specify a philosophy of control that will insure that executive management is in touch with and in a position to influence the course of events in major or significant areas affecting the company's survival, growth and profitability.
- Subjects
UNITED States; INSURANCE companies; ORGANIZATIONAL behavior; INSURANCE; MUTUAL holding companies; FINANCIAL institutions; GUARANTY funds
- Publication
Journal of Risk & Insurance, 1965, Vol 32, Issue 1, p91
- ISSN
0022-4367
- Publication type
Article
- DOI
10.2307/251118