Archive for the ‘Business’ Category

Sam Foti Made LIMRA a Profitable Venture

Tuesday, November 24th, 2009

Sam Foti has been working with the Life Insurance Marketing and Research Association (LIMRA) as a member of the Board of Directors and Chairman for two years, from 1996 to 1997. Through his experience and innovative style of management, he was a great deal instrumental in introducing new strategies for maximising the company’s distribution and marketing efficacy. While at LIMRA, he was responsible to oversee the Compliance and Regulatory Services Division. During the course of his functioning,  Samuel J. Foti observed that the regulatory environment was in a constant flux and the company needed to adapt frequently to the changing environment. He chalked out elaborate programmes to ensure compliance to the changing regulatory environment and yet maintaining the momentum of efficient work.

 

Under the leadership of Samuel Foti , the division made remarkable progress and experienced phenomenal growth. The financial performance recorded by the division was truly dramatic. Having a sound academic background in Finance and Investments, he was able to bring about tangible improvements in the financial health of LIMRA. Owing to his dynamic leadership qualities and astute professionalism, the Life Insurance Marketing and Research Association benefited substantially and profitably. His stint was short but most rewarding for the company, and till this day it bears the impression of his sound policies and guidelines.

 

 

Reducing the need for human intervention…

Friday, September 18th, 2009

By efficiently transporting materials through the production path or into storage facilities, conveyor systems have been the backbone of warehouses and factories since the first assembly line was created. They range from the most basic rolling pin conveyor belts, which use gravity and momentum from gradual slopes to transport materials, to very complex systems. Cornerstone automation systems (CASI) has a vast range of conveyor controls, conveyors and all the necessary accessories available for use with a large range of different applications.

There are always going to be system maintenance requirements because of the continuous wear and tear of everyday use and operation, and it is important to keep this in mind when using a conveyor system. However the savings made from employing a conveyor system very often outweigh any maintenance costs. CASI is offering all these solutions to ensure you are running at maximum efficiency and minimum budget.

Consider the TransMaster 9000 series for example. It’s a 24 Volt DC roller conveyor that is simple to operate, is low in cost and safe for transporting even non wash down products. It’s a real money saver with an efficiency level that will save on energy costs and because of its unique design will half spare parts cost – its maintenance is also extremely simple especially in comparison to more complex models. Its design comes in ready to use format, which makes installation a walk in the park.

The rollers can be changed in minutes. There are no belts to track and tension, chains and bearings won’t need to be greased, or shafts aligned. You won’t need to deal with complex pneumatic logic, or try track down problematic air leaks. In warehouse application, the motor life averages eight to ten years, and there are few spare parts at minimal cost.

If you are after a labeling system, then CASI also has a comprehensive barcode system range which can be utilized for a variety of applications including print and apply, labeling and inserting.

Team Characteristics

Sunday, March 15th, 2009

 

Teamwork at work is common in organizations, especially in private ones. Top management often encourages the middle- and lower-level associates to manage teams to get productive results with fewer resources. The following are the characteristics required of a collaborative team. Without these characteristics, we can not call a group of people “a team”:

 

  • Mission: In a team, the mission of the organization is clear to all members of the team. The team’s mission and objective, likewise, are clear as well. It is common that a specific task or objective defines direction in a team.

  • Commitment: All team members must be committed to the objectives of the team as defined earlier. Teamwork and collaboration are required for the achievement of organizational goals.

  • Norms: Every team member is expected to follow the team norms and rules as they have been defined by the team leader.

 

A team is successful when all the members of team are performing in one direction. Each task must be assigned properly along with appropriate, attainable deadlines. In every department within private companies, there are teams which are helpful in achieving the organization’s major tasks. Healthy competition must be encouraged while performing in a team.