Environmental Analysis

Strength Insurance Australia group limited is highly successful at Go to market strategies for its products. It keeps records of participating courtesy firms through mergers and acquisition. It keeps records of successful track related to the new products such as product innovation	Weakness Insurance Australia group limited do not do financial planning in an effective manner. Company profitability and net contribution ratio is below the industry average. Not put efforts in marketing the products.
Opportunities Advanced technology is one of the great opportunity for Insurance Australia group limited (Gattorna, 2017).. Company can invest in adjacent product segments through using the opportunity of stable free cash flow.	Threats Shortage of skilled workforce is the threat of the firm There is increase in strength of local distributors lead to present the threats in some market because competition is paying higher.

Task 4

Organisation culture of Insurance Australia group

The culture of the firm leads to make company what is it. It is total of the attitude m beliefs, customers and different on group of people from another. The culture of the firm is not different from the ethnic culture. Company fall between two culture that are strong and weak. In the strong employees are provided power to make decision and understand company goals. It makes employees feel respected toward the firm. On the other side, in a weak organisational culture firm feel demotivated and less valued. There are four type of organisation culture which can be adopted by the firm such as clan, market, adhocracy and hierarchy. Every firm has different culture and all of them are effective enough. Insurance Australia group company is operating its business in insurance industry. The firm has adopted the market culture as because it builds upon the dynamic of competition and accomplishing concrete results. Customers focus on goal oriented with the leaders who are tough and demanding. The form is entitled by the common goal in order to success and beat its competitors. One of the main value drivers of IAG is profitability and market share. This culture is adopted at the time when company focus on result based as because all the things is to be done on time. Employees who are working in this firm are focused on goal. One of the important aspect of the firm to be successful and good reputation in the market. All the organisational cultures lead to promote some behaviours and inhibit others. Get the best online HND Assignment help from experts.

Leadership style of Insurance Australia group

There are various types of leadership style which can be adopted by the firm in respect to accomplish success. Firm choose leadership style according to their way of working. Insurance Australia group has adopted democratic leadership style. It is one of the effective leadership style in which leader work with employees and involve them in decision making process. One of the most unique feature of this leadership style is that it communication in it is active flow from upward to downward. Employees are free to work in their own way. The leader delegate task to its employee according to their skills and ability. Further, all employees help each other in their work due to which goal can accomplished on time. Leader of Insurance Australia group try to encourage creativity and employees are highly engaged in projects and decision due to this reason team member are highly satisfied from their job. However, with advantage there are some drawback of the democratic leadership style. At the time of making quick decision this style is not effective enough. However, in different situation company also change its leadership styles. Sometime it adopt autocratic leadership style. It can be convincing in little social occasions where organization is deficient. Have you anytime worked with a social event of understudies or partners on an endeavour that got destroyed by poor affiliation, a nonattendance of activity and an inability to set due dates? Given this is valid, the chances are that your survey or business execution continued in this way (Bamiatzi, Jones, . and Nikolopoulos, 2016). In such conditions, a strong pioneer who utilizes a tyrannical style can accept accountability of the get-together, apportion endeavours to different people, and develop solid due dates for undertakings to be finished.

These sorts of social event wanders tend to work better when one individual is either distributed the piece of pioneer or just goes up against the action in solitude (Vermeeren, Kuipers and Steijn, 2014). By setting clear parts, doling out errands, and working up due dates, the social occasion will presumably total the endeavor on time and with everyone giving proportional responsibilities.

Recommendation and conclusion

From the above report it is concluded that for an organisation to accomplish success it is important to use wide range of strategies. Company keep their products on risk before they know about their actual cost. It is essential for us to expert to assess and pricing risk in systematic and fair manner. External and internal analysis help company in gaining knowledge related to the factors which can affect them directly. Company operates its business in different countries therefore political factor can directly affect them due to which they may face difficulties while carrying out business activities. In order to accomplish success, it is important for the firm to provide innovative products and services to its customers. Further, it is concluded that, there are different types of operations which are carried out by the firm. It is important to adopt leadership style in order to lead employees. Democratic leadership style plays significant role in respect to direct employees and motivate them to work hard for the firm.

Reference

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