Good Example Of Quality Management Critical Thinking

Before entering into any partnership or alliance, one is first advised to look into the risks associated with it. Quality must be considered so as not to interfere with the customer expectations since it can affect the customer loyalty .The Exxon Mobil would require an alliance with Erie Insurance. The three most important items to consider are; the profit effects on the business, the percentage of risk coverage in terms of auto insurance and reduction and the how safe it is to be in an alliance.
As Erie insurance could enter into a partnership with Exxon Mobil since it becomes more stable in retaining its customers. It increases their revenue; however, they should be in a position to convince their partner to pay their premiums in time. They must educate the Exxon Mobil Company on how to deal with risks so as to reduce them.
The benefits of the Exxon Mobil are numerous when in a long term relationship with the Erie insurance is the increase in the marketing thus attracting more customers. It is due to the reason of having a relationship with the insurance company thereby increasing its popularity. The risk levels are lowered due to better knowledge of risk management. It also gains a competitive advantage over its rivals. It also contributes to the improvement of the economic levels in the country.
Progressive companies could partner with their customers in different ways. For example, they could enter into an agreement so as to collectively provide social responsibility in the societies. It helps in their advertising their products as people become more aware of their products. It contributes to their capturing of markets for their products.
Progressive companies could also partner with their competitors. It could be done by providing substitute services or goods so as to complement each other. They should be strategically placed for them to gain a greater market share. The companies must ensure that the products or services offered are of high quality thus increase in their sales.