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Milliman is among the world's major providers of actuarial and other related
offices in main cities around the world. They are owned and managed by their
Despite of their remarkable growth over the past six decades, they still function
according to the guiding principles of their founders, Wendell Milliman and Stuart
tools and products, providing expert solutions, and continuing to earn their clients
Millimans India offices were founded in 2005, and employ more than 150
knowledge through which they can help our clients prepare for operations in new
markets, enlarge beyond their boundaries, and comprehend how their pertinent
profit from company operations. At Milliman, great ideas come from in the
organization from the innovation of many things in all the nearly 60 countries of
operations for Milliman. It is a very free organization where you can always bring in
new ideas. The top officials and the management team collectively make sure to
secure the right plans of the organization, and second I ensure that I find the right
The Milliman follows a conventional business model where deep thought is given to
the planning procedure with keeping in mind the goals and objectives that are to be
execution processes takes place. Furthermore, if there is room for any altercation,
BUSINESS MODEL
XECUIOPHRSTFNMAGY
Organizational culture is a system of shared assumptions, values, and beliefs,
which preside over how people behave in organizations. These shared values have a
strong sway on the people in the organization and dictate how they dress, act, and
perform their jobs. Every organization develops and maintains a unique culture,
which provides guiding principle and boundaries for the performance of the
characteristics that range in precedence from high to low. Every organization has a
divergent value for each of these characteristics, which, when pooled, defines the
Milliman has a very strong work culture. That is because all the officials all aligned
to the ethics and we know one another very well. This is made possible by making
through orientation of when they join the organization and there they understand
the culture and the risk requirements. And every year theres a consultant forum
where everyone gets together and they are reminded of those objectives.
Early on, Milliman and Robertson refined a unique work culture that placed a high
value on self-government, both from the distractions of outside ownership and the
would be a focus for clients looking for innovative solutions and goal professional
advice. They also felt that an eccentric and equitable working environment would
help them recruit the best minds in the industry. Their experiment was a success
ORGANIZATIONAL SRTUCTURE
An external environment is composed of all the outside factors or influences that
impact the operation of business. The business must act or react to keep up its flow
of operations.
EXTERNAL ENVIRONMENT
affected by:
1. Customers: The most important thing is the customer. They have a strong
organization where they always try to maintain and keep it this way. Going by
there is a dynamic change in the needs of the customers, company will have
credit policies slightly the working of the organization will remain ineffective.
But, if the suppliers change their credit policies and plans extensively, the
company will have to bear the consequences and will need immediate
will be a huge competition; chances are fall in the demand of the companys
in a healthy competition.
Environmental Uncertainty Matrix
ee of Uncertainty Uncertainty
Com
1. Stable and predictable 1. Dynamic and unpredictable
plexi
2. Few components 2. Few components
ty
sophisticated knowledge
knowledge
Examples: e-commerce, fashion clothing,
processors
Moderate Uncertainty
1. Dynamic and unpredictable
2. Many components
3. Components are not similar and are
knowledge
Examples: universities,
insurance companies
References
En.wikipedia.org. (2017). Organizational structure. [online] Available at:
https://en.wikipedia.org/wiki/Organizational_structure [Accessed 25 Apr.
2017].
Milliman. (2017). Contact Us. [online] Available at:
http://www.milliman.com/contact-milliman/ [Accessed 25 Apr. 2017].
Proxy.eplanete.net. (2017). The Uncertainty Matrix | The Forest of
Brocliande. [online] Available at:
https://proxy.eplanete.net/galleries/broceliande7/uncertainty-matrix [Accessed
25 Apr. 2017].
Study.com. (2017). What is an External Environment in Business? - Definition,
Types & Factors - Video & Lesson Transcript | Study.com. [online] Available at:
http://study.com/academy/lesson/what-is-an-external-environment-in-business-
definition-types-factors.html [Accessed 25 Apr. 2017].