Case Study Example | Topics and Well Written Essays - 2000 words - 2

Case Study Example Designing and monitoring are the essential factors that come under evaluation to make sure that they have come under performances in the most effective and productive manner in the strategic management process that leads to attainment of the organizational goals on whole (Stahl & Grigsby, 1992). In more detailed words, strategic management process involves designing and setting up overall objectives and guidelines of the organization in a broad-spectrum, create and constitute precise and explicit strategies, plan and carry out implementation of the designed strategies and make modifications if required based on the monitoring or supervision of the outcomes. However, the below diagram clearly defines the process of strategic management in a much more comprehensive way (Mockler, 2002). Amongst numerous organizations that exercise the processes of strategic management, Utica National is an organization that provides its customers with the insurance services and products and is one of the good models that practice the strategic management processes in an appropriate way. However, the course of actions that carries out the strategic management techniques would come under discussion in detail about how this organization employs such practices. Utica National is an insurance group that dates back to early twentieth century that comprises of several companies namely Utica Mutual Insurance Company and Graphic Arts Mutual Insurance Company came under establishment as its principal companies. Utica National (2011) has come under recognition for its devoted and committed services to the policyholders since time immemorial. In the recent times, the popularity of Utica National (2011) has grown so much that it comes in the top rankings in the insurance organizations of the country (A.M. Best Company, 2008). Moreover, they provide the customers with a wide range of insurance products that take account of commercial coverages, personal coverages,