Entrepreneurship Success: A Case Study of Eric Chua’s “TASK†Innovation in Training

Richard Yeaw Chong Seow
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Richard Yeaw Chong Seow: Pole Paris Alternance (PPA) Business School, France

International Journal of Research and Innovation in Social Science, 2023, vol. 7, issue 7, 582-593

Abstract: Entrepreneurship is a demanding yet fulfilling pursuit with a relatively low success rate. Various factors play a role in determining an entrepreneur’s achievement. This particular case revolves around Eric Chua, an entrepreneur who dedicated three decades to establishing a prosperous insurance agency. In 1992, Eric embarked on his life insurance business intending to improve his financial situation and settle his debts. Despite being promoted to agency manager in 1998, he only established his own insurance agency, the RFS Partners (TRP), in 2006. Initially, TRP started with two managers and generated RM2 million in new business annually. However, by 2022, Eric had successfully expanded TRP to encompass five managers and achieve over RM14 million in new business annually. One of the key business innovations that fuelled this growth was TRP’s training system. A robust training system is crucial for the development of life insurance agents and enables the replication of successful approaches. This case study delves into Eric’s journey of creating an effective training system that ultimately contributed to his business’s success. By examining this case, valuable insights into how small and medium-sized enterprise entrepreneurs navigate and establish prosperous business operations can be observed.

Date: 2023
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