Midwest Family Mutual Insurance Co., an insurance company with $120 million worth of written premiums in 2014, considers itself to be environmentally green. Through a variety of initiatives, it has reduced its annual energy, natural gas, and paper consumption by 63%, 76%, and 65%, respectively. Ron Boyd, the carrier s CEO, attributes most of the improvements in energy usage to creating a virtual work-from-home environment as a result of implementing a series of electronic processes and applications. These include imaging and workflow technology, networking technology, and a Voice over IP (VoIP) network. In 2006, the year these savings were reported, all but two of Midwest Family Mutual s 65 employees worked from home. In addition to the energy savings that the company has directly experienced, Boyd estimated that in 2008, the company s telecommuting policy resulted in fuel savings of at least 25,000 gallons.
Although green computing was a commendable goal in itself, Midwest Family Mutual s bottom line also has benefited from the company s socially responsible approach. Over a five-year period, Midwest Family Mutual s was able to shave its expense ratio to 25.9% from 33.5%. Its Web site states, Being green environmentally and operationally CAN [emphasis in original] equate to being green financially.
Green computing grew out of Midwest Family Mutual s IT successes, according to Boyd. As the company started realizing savings from the electronic processes it implemented, management started thinking about telecommuting arrangements that allowed its employees to work from home. Boyd adds, It became obvious that many of our jobs could be done wherever a high-speed connection existed . VoIP completed the technology requirements for all [employees] to work from home.
Boyd summarizes that the company became green as a side benefit of saving resources and cost. The company continued its green policy with its decision to sell its 24,000-square-foot office building in Minnetonka, Minnesota. However, to provide more centralized regional service to agents in the new states in which it was recently licensed (i.e., Arizona, Nevada, Utah, Colorado, Idaho, Washington, and Oregon), the company built a new home domicile in Chariton, Iowa, in 2012.
Do you think that the economic benefits that Midwest Family Mutual realized as a result of green computing are unusual? Do you think that most companies could see similar types of economic gains? Explain.
What are some possible disadvantages that the employees of Midwest Family Mutual might be experiencing as a result of its virtual work-from-home office environment?
Apply the normative theories of businecixss ethics to this situation.
You can get our ideal online homework help services with four easy steps. All you have to do is inform us of your requirements. Immediately we will match with a specialist in your academic discipline. After that, we will track your order, review it to ensure it meets your requirements, and submit it to your email.
Fill in your assignment instructions on the order form
Immediately you contact us for homework help; we will assign your assignment to an academic expert.
We have a team of editors, who will thoroughly review your assignment, ensuring there are no errors before submission
Once we have completed the assignment, we will deliver it to your account. Additionally, we will send a notification to your email.
Once you consult us for homework help online services, you will attest to why we are among the USA's best essay writing services.
Read on and find out some of the features that make our services superlative.
You can confirm that the content you get is original for free using our plagiarism checker.
We offer unlimited access to our essay homework samples.
Once you place an order, we format it accordingly without demanding additional charges.
We offer free unlimited revisions until your assignment is of your desired quality..
We have a team of specialized editors who review your assignment before submission.
You can track the progress of your homework for free.