Innovation in Economy & Policy Research

Customer Satisfaction with Health Insurance

2023-12-05T14:01:30+0530

Health insurance is the most beneficiary thing to do in a human's life which will be helpful for future emergencies. This study aims to understand the present health insurance that is provided to the public and to make sure that they are using it effectively and efficiently. This study also concentrates on the service provided in health insurance and to ensure whether the services provided give satisfaction to the insurance holders in their emergency time. There are so many health insurance schemes which are available in public and private health insurance sectors. The eligibility to obtain health insurance starts from 18 years. A formative questionnaire was framed to collect basic information that will show the understandability of the public about health insurance and to know the services they wanted in health insurance. This method was exercised to collect the primary data from the responders. This data was analyzed with the help of analytical tools such as ranking and percentage. Constructive suggestions were provided with the help of results derived.

Unraveling the Motives behind Reserve Accumulation: A Study on Asian Economies

2023-09-14T12:51:49+0530

In the aftermath of the late 1990s Asian financial crisis, there was a remarkable increase in the accumulation of international reserves. Presently, over 60% of global reserves are contributed by 49 Asian nations, a trend that has attracted the attention of international policymakers. This phenomenon, however, continues to be a topic of extensive deliberation among researchers, a subject that this paper delves into. Through empirical analysis using an unbalanced panel of these 49 Asian countries spanning from 1999 to 2021, this study confirms that the primary driver behind this substantial reserve accumulation is a precautionary motive. These Asian economies maintain reserves as a protective measure against transient external imbalances and uncertainties in their balance of payments. Contrary to prevailing notions, the paper dispels the notion that reserve accumulation is significantly impacted by export or GDP growth; instead, it indicates a certain influence from exchange rate stability.

Effect of Market Segmentation on Organization Performance: A Case Study of Jambo Group Companies, Shinyanga – Tanzania

2023-12-06T09:57:40+0530

The study looked at the impact of market segmentation on organisational performance using Jambo Group companies in Tanzania's Shinyanga region. Marketing segmentation is said to be a strong marketing strategy for assisting an organization's performance toward achieving its targeted goals. For that reason, the study established three specific objectives, which were: to determine the effect of behavioural market segmentation on organisation performance; to evaluate the effect of demographic market segmentation on organisation performance in terms of sales and to evaluate the effect of psychographic market segmentation on organisational performance. The study was guided by two theories: Abram Maslow's Hierarchy of Needs Theory, and Market Segmentation Theory. The study employed a qualitative research approach and a case study design, whereby Jambo Group companies in the Shinyanga region were referred to as the case study area. Purposive sampling was applied to select respondents, whereby a total of eight respondents from marketing, sales, and distribution units from three districts in the Shinyanga region were interviewed using a semi-structured interview. The data collected were transcribed, coded, and analysed into themes. The findings of the study revealed that behavioural market segmentation had a great influence on organisation performance, whereby three elements of behavioural market segmentation emerged to have an influence, namely, customer loyalty, user status, and usage rate. Furthermore, the study discovered that demographic market segmentation had an impact on organisational performance, with age, income, and gender emerging as elements of demographic market segmentation that influenced Jambo food product consumers. Finally, the study found that psychographic market segmentation influences consumers of Jambo food products through elements of personality, lifestyle, and social status.

Finally, the study recommends that behavioural, demographic and psychographic market segmentations are strong segmentation elements that improve an organisational performance.

Exchange Rate Forecasting in Bangladesh: ARIMA and VAR Models

2023-11-16T11:41:00+0530

Exchange rates play a crucial role in the economic structure of any country since they affect investment, foreign trade, and the stability of the economy as a whole. This research article explores the intricate dynamics of exchange rate development in Bangladesh, a country with a rapidly growing economy and a significant presence in the global trade landscape. The article delves into the historical evolution of exchange rates in Bangladesh, the factors influencing exchange rate movements, and the implications for the country's macroeconomic stability and international trade. The study employs various methodologies, including time-series analysis and econometric modeling to provide a comprehensive analysis of exchange rate development and near-term exchange rate forecast in Bangladesh. The findings indicate that exchange rate policies and external economic factors play a pivotal role in shaping Bangladesh's exchange rate regime, affecting the country's economic performance and trade competitiveness. The study also focuses on the future challenges for exchange rates in Bangladesh which are interconnected with the country's economic development and global economic dynamics.

Influence of Organizational Culture on Employee Performance: A Case Study of TANESCO in Mwanza City

2023-12-06T20:33:54+0530

The study examined the impact of organizational culture on the performance of TANESCO employees in Mwanza. This study examined the impact of organizational norms on employee performance at TANESCO and assessed the influence of organizational values on the performance of TANESCO employees in Mwanza. Determine the extent to which organizational rules influence employee performance at TANESCO. Hall's High-context and Low-context cultures theory and Edgar Schein's theory of organizational culture were utilized by the researcher. In addition, the study employed a quantitative methodology and descriptive designs, with a sample size of 167 respondents. The researcher collected a total of 163 questionnaires from TANESCO in Mwanza, Tanzania. In this investigation, information was gathered via questionnaires and analyzed using SPSS Version 23. The researcher received 163 questionnaires that were filled out. Using the unstandardized Beta coefficient and Sig Values, the regression equation revealed that, if all other factors are held constant, each independent variable explains the dependent variable. Organization Rules (OR) explains 75% (.750) of employee performance with a significance level of.000. Additionally, Organization Norms (ON) explain 98 percent (0.98 percent) of employee performance with a significance level of 0.003. Lastly, Organization Values OV explained 70% (.701) of employee performance with a significance of 0.004. Consequently, the regression model effectively demonstrates a significant and positive relationship between independent variables and the dependent variable. The study recommended that despite the presence of an effective organizational culture, the management of TANESCO should opt to determine the effectiveness of other factors such as employee motivations and employee recognition based on the efforts they have demonstrated in implementing the company's mission and vision. This will aid in maintaining the organizational culture and simultaneously improve employee performance. The study also suggests that organizational culture should include employee benefits to improve the employee's perception of the company. Thus, TANESCO and their management must consider enhancing these factors to maximize the performance of their employees by enhancing the quality of service delivery while maintaining brand awareness among consumers.