The Power of Your Life

This book explores a century of business development in The South African Life Assurance Company, from a specific local focus to a national conglomerate expanding into global insurance markets. Established as a strategic vehicle to address Afrikaner economic marginalization and abject poverty at the...

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Κύριος συγγραφέας: Verhoef, Grietjie
Μορφή: Online
Γλώσσα:Αγγλικά
Έκδοση: Oxford University Press 2021
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Διαθέσιμο Online:1004967
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author Verhoef, Grietjie
author_browse Verhoef, Grietjie
author_facet Verhoef, Grietjie
author_sort Verhoef, Grietjie
collection Directory of Open Access Books
description This book explores a century of business development in The South African Life Assurance Company, from a specific local focus to a national conglomerate expanding into global insurance markets. Established as a strategic vehicle to address Afrikaner economic marginalization and abject poverty at the beginning of the twentieth century, Sanlam has displayed both path dependence and a dynamic adaptability to complex changing contexts to become a global player. The strategic convergence of economic empowerment through the mobilization of savings into insurance products, as well as Afrikaner nationalism, assisted this growth. Sanlam has played an a-typical role in the economic empowerment of an ethnic entity through extensive investments into the industrializing South African economy. This strategic diversion created operational limitations that were only resolved early in the twenty-first century. As globalization, financial deregulation, and weakened Afrikaner political and social hegemony manifested, strategic change management relied on the path dependence of empowerment strategies to address new markets with similar needs to those of the early stakeholder market of 1918. The former mutual life office demutualized operations to become a diversified financial services group of companies operating across almost the entire African continent, as well as in India, Malaysia, and the UK. This volume presents a business history of strategic management of an insurance enterprise, and its transformation from a defined cultural context into an international empowerment strategy through innovation on all levels of business operation and organization.
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spelling doab-20.500.12854ir-267772025-07-30T08:59:23Z The Power of Your Life Verhoef, Grietjie nationalism  life assurance  economic empowerment financial services  racial segregation transformation thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history This book explores a century of business development in The South African Life Assurance Company, from a specific local focus to a national conglomerate expanding into global insurance markets. Established as a strategic vehicle to address Afrikaner economic marginalization and abject poverty at the beginning of the twentieth century, Sanlam has displayed both path dependence and a dynamic adaptability to complex changing contexts to become a global player. The strategic convergence of economic empowerment through the mobilization of savings into insurance products, as well as Afrikaner nationalism, assisted this growth. Sanlam has played an a-typical role in the economic empowerment of an ethnic entity through extensive investments into the industrializing South African economy. This strategic diversion created operational limitations that were only resolved early in the twenty-first century. As globalization, financial deregulation, and weakened Afrikaner political and social hegemony manifested, strategic change management relied on the path dependence of empowerment strategies to address new markets with similar needs to those of the early stakeholder market of 1918. The former mutual life office demutualized operations to become a diversified financial services group of companies operating across almost the entire African continent, as well as in India, Malaysia, and the UK. This volume presents a business history of strategic management of an insurance enterprise, and its transformation from a defined cultural context into an international empowerment strategy through innovation on all levels of business operation and organization. 2021-02-10T12:58:18Z 2019-05-13 14:34:36 2020-04-01T10:27:28Z 2019 book 1004967 OCN: 1135847465 http://library.oapen.org/handle/20.500.12657/25126 9780198817758 https://directory.doabooks.org/handle/20.500.12854/26777 eng open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/25126/1/9780198817758_The_Power_of_Your_Life_The_Sanlam_Century_of_Insurance_Emp....pdf https://library.oapen.org/bitstream/20.500.12657/25126/1/9780198817758_The_Power_of_Your_Life_The_Sanlam_Century_of_Insurance_Emp....pdf https://library.oapen.org/bitstream/20.500.12657/25126/1/9780198817758_The_Power_of_Your_Life_The_Sanlam_Century_of_Insurance_Emp....pdf https://library.oapen.org/bitstream/20.500.12657/25126/1/9780198817758_The_Power_of_Your_Life_The_Sanlam_Century_of_Insurance_Emp....pdf https://library.oapen.org/bitstream/20.500.12657/25126/1/9780198817758_The_Power_of_Your_Life_The_Sanlam_Century_of_Insurance_Emp....pdf Oxford University Press 10.1093/oso/9780198817758.001.0001 10.1093/oso/9780198817758.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 9780198817758 448 Oxford, UK open access
spellingShingle nationalism
 life assurance
 economic empowerment
financial services
 racial segregation
transformation
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
Verhoef, Grietjie
The Power of Your Life
title The Power of Your Life
title_full The Power of Your Life
title_fullStr The Power of Your Life
title_full_unstemmed The Power of Your Life
title_short The Power of Your Life
title_sort power of your life
topic nationalism
 life assurance
 economic empowerment
financial services
 racial segregation
transformation
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
topic_facet nationalism
 life assurance
 economic empowerment
financial services
 racial segregation
transformation
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
thema EDItEUR::J Society and Social Sciences::JP Politics and government::JPV Political control and freedoms::JPVR Political oppression and persecution
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry::KFFN Insurance and actuarial studies
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJZ History of specific companies / corporate history
url 1004967
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