Abstract
Bharat Parekh, a highly accomplished life insurance agent, had an aspiration to become an industrialist. This case study allows participants to scrutinise the essence of success for a salesperson and a professional. It delves into the intricate dynamics of insurance sales, revealing the considerable challenges and describes how Parekh achieved remarkable success. It sheds light on the limits of growth and the aspirations of sales agents in the insurance sector. It examines the interactions between sales orientation and service orientation and shows how Parekh made service the primary focus of his sales approach.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | STR0480 |
| Title | Bharat Parekh: Growth Aspirations of a Life Insurance Agent |
| Pages | 28 |
| Published on | Jul 8, 2024 |
| Year of Event | 2023 |
| Authors | Saigal, Swati; Mukherjee, Saral; Sharma, Sunil ; |
| Area | Strategy (STR) |
| Discipline | Innovation and Entrepreneurship, Marketing, Operations Management, Strategic Management |
| Sector | Banking Finance Insurance (BFI) |
| Learning Objective | After reading and discussing the case, participants should be able to: ● Understand the challenges in selling a product that customers perceive as unnecessary ● Identify the competencies and attitudes cultivated by a successful salesperson ● Identify growth trajectories for a salesperson ● Discuss what constitutes professionalism and how insurance agents can grow as a professional. |
| Keywords | Insurance Agency; Service Convenience; Insurance Sales; Services Marketing; Growth Strategy; Professional Service Firm |
| Country | India |
| State | Maharashtra |
| City | Nagpur |
| Access | For All |
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