Bharat Parekh: Growth Aspirations of a Life Insurance Agent

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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
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