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Slide 1 Assessment 3 Type: Individual assessment, A Report Word Limit XXXXXXXXXXto 2500 words, not including a cover page, reference and appendix Value: 20% Due Date: Week 8, 5.00pm Friday 11 May 2018...

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Slide 1
Assessment 3
 Type:    Individual assessment, A Report
Word Limit XXXXXXXXXXto 2500 words, not including a cover page, reference and appendix
Value:    20%
 
Due Date:    Week 8, 5.00pm Friday 11 May 2018
Task Details (see the subject outline)
Briefly trace the development and growth of the organisation from its beginnings to the present through the application of corporate strategies – what types of strategies have these been?
There have been many criticisms of the business practices that company has pursued over the years. Describe TWO of these practices and outline the outcomes.
Perform an environmental analysis for the involvement of the organisation in the context of the industry it operates in – what are the main opportunities & threats?
Describe the organisational culture or leadership style within the organisation.
Submission
Upload a soft copy into Turnitin on Moodle
Word file: XXXXXXXXXXdoc / .docx
Do not use Apple Mac file or Image file type
 
Company
Insurance Australia Group
IAG's direct heritage dates back to 1920 when the National Roads and Motorists' Association (NRMA) started providing insurance to its members in NSW and the ACT, through our CGU business, It has been providing insurance services in Australia for almost 160 years
www,iag.com.au
Do not choose any other company
CAUTION
The following slides are designed to help the students to start their work.
Do not limit your work in the guide. ( Limiting your research will limit your performance)
TASK 1 – Week 4 topic
Research what strategies has been deployed by the company, and explain How? Why?
Research areas
Mission, vision, core competences
Successful Strategies deployed in the past
Cu
ent strategies
Warning - Do not focus on a general history of the company.
TASK 1 – Week 2 & 4 topics
Type of Strategies covered in the Lessons
(The followings are not necessary the company’s strategies)
Contingency Approach ( Week 2)
Growth Strategies (vertical / horizontal)
M. Porter’s Generic Strategies
Emergent Strategies
Strategic Partnership
And Others.
Task 2
There have been many criticisms of the business practices that company has pursued in recent years. Describe TWO of these controversies and outline the outcomes.
Focus on the past strategies / tactics which were criticised
The criticisms may comes from various stake holders, such as competitors, employees, customers, suppliers, communities and others, media journalist, industry experts, academic professionals etc.
Task 3
Perform an environmental analysis for the involvement of the organisation in the context of the industry, it operates in – what are the main opportunities & threats?
Analysis Tools
General Environments (PESTEL) analysis
Specific Environments analysis
M. Porter’s five force analysis
Resource Based Model analysis
SWOT
Students do not have to use all the tools, use tool(s) you think the most effective.
Task 3
Five Force Model
Task 3
Specific Environments
Customers
Partners
Industry
Unions
Competitors
Supplie
Internal
environments
Process
System
Employees
Management
Task 3
SWOT
Resource
Based
Model
Task 4
Describe the organisational culture or leadership style within the organisation.
Research areas
Core values/ competencies of the company
CEOs who inspired the employees, developed / implemented the strategies successfully and created the company’s unique culture.
Research requirements
Students need to support their analysis with references.
Reference Requirements:
Minimum of four (4) suitable, reliable, cu
ent and academically acceptable sources – check with your tutor if unsure of the validity of sources.
Students seeking Credit or above grades should support their analysis with increased number of reference sources comparable to the grade they are seeking.
 
Difference BTW
a Bibliography & a Reference list.
Bibliography-
A bibliography includes details of all the resources you used to produce your assignment, including those you did not quote or paraphrase.
Reference -
In APA Style, each reference cited in-text must appear in the reference list, and each entry in the reference list must be cited in-text. 
Report Structure
Title page,
Executive summary,
Table of contents,
Suitable headings and subheadings,
Conclusions,
Reference list (Harvard – Anglia style).
Typed using 12 pt Times New Roman or 11 pt Cali
i fonts. Single line spacing. 
Important Notes
The Report requires a reference not a bibliography.
The Executive Summary (approx. 250 words) needs to include;
Purpose(s) of the report
Importance of the purpose(s)
Key outcome(s) of the report.
Follow the structure of report suggested, it is not an essay.
Presentation of the report
Do Not Use
Fancy images,
Coloured letters
Water marks
Different font size/ font style
Your name and number on the every page
‘Body’ as a heading
Company Trade mark without reference
Marking Guide
Analysis     30%
Research – extent and application    30%
Recommendations/conclusions    20%
Presentation     20%
This mark will be scaled to a mark out of 20. See the SO for the Marking Ru
ic
Turnitin - Similarity Report
What % is acceptable?
 
Turnitin - Similarity Report
Similarity percentage is not same as a percentage of the assessment has been plagiarised
 
KOI plagiarism Guide
L1 - Level 1 Minor Academic Misconduct (if say less than 10% of the assessment has plagiarism) – this would justify a few nominal marks deduction for the question
  L2 - Level 2 Moderate Academic Misconduct (if say between 10% and 25% of the assessment has plagiarism) – this would justify more marks deducted for the question
 
KOI plagiarism Guide
DANGEROUS Level

L3 - Level 3 Major Academic Misconduct (if say more than 25% of the assessment has been plagiarised) – this would justify a zero mark for the question
 
Contract Cheating
Contract cheating is where a student commissions - either paid or unpaid - that is offering its services to produce academic work on the student's behalf.
These days, there are many online contract cheating sites that try to attract students to behave dishonestly.
It is academic misconduct. Such an incident will be treated very seriously at KOI.
Answered Same Day May 06, 2020 MGT100 Charles Sturt University

Solution

Shashank answered on May 09 2020
142 Votes
Analysis of IAG company
Executive Summary
The report consists of overview of IAG from various perspectives. The analysis has been done from how the organization started its business in 1920 by the name of National Roads and Motorists' Association(NRMA) and how various changes occu
ed that helped in growth of company and name changed to IAG. The strategies that were used by the company management has been also reviewed during this analysis. To understand various factors that the company is affected by, that exist internally and externally both and environment analysis is being done which helps in fetching out the opportunities and threats that exist of Insurance Australia Group (IAG). In addition to this various business decisions that were taken in the company history have been highlighted and how they were rectified in future. The business practices that have been followed at IAG has not been smooth as always. The decisions that were taken and impacted the profit of shareholders have been given a review. In the last, the company culture and leadership style has been reviewed. The diverse culture that the organization has been following has been one of the reasons of the diverse viewpoint that company is being able to make use of.
Table of Contents
1. Growth of IAG – Strategic Point of View
2. Business Practice that created controversy
3. Environment analysis of IAG
4. Culture and Leadership style at IAG
5. References
1. Growth of IAG – Strategic Point of View
The heritage of IAG dates back to 1920 when NRMA planned to start providing insurance to its members in NSW and Act. The major events that took place were as follows:
a. NRMA became the largest non-government home and content insurer in 1981.
. Post 1990s: Expansion in 8 different places in Victoria and Queensland
c. 1998: First entry in the Asian Market by acquiring stakes in Thailand Safety Insurance.
d. 2000: Operations of road services and insurance were separated and NRMA was listed on ASX.
e. 2001-02: Acquired New Zealand Largest insurance company, State Insurance. Name changed to IAG
f. 2005-07: More expansion in Asia by moving to Malaysia. Made a move in United Kingdom by acquiring Equity Insurance Group.
g. 2009: Initiation of Joint Venture by State Bank of India to introduce general insurance products to customer.
h. 2010-2013: Expansion in region of Malaysia, Vietnam and New Zealand by various mergers and acquisition strategies.
i. 2015-16: Strategic partnership with Berkshire Hathaway Inc. for fostering long term relationship and get associated with one of the most successful and biggest players in this industry. Launch of Firemark Ventures for investment purposes and make efforts to establish business having potential to disrupt value chain.
j. The company has investment in various areas from innovation incubator to creating an Australia Division for
inging out the operations together. The diverse investment has helped in diversifying the portfolio in various domains. Consolidation of various Australian entities into two was one of the steps to streamline its operations. The objective has been to become a simplified version, having better efficiency and more agile than the competitors. The resources are freed up to improve customer services and have better operations in line. (Barney,2014).
The strategy that CEO has announced supports the following:
· Enhancing customer experience by understanding them better and segment further to pay more attention on their issues.
· Expansion in Asian region with the help of focused strategy and working over the shortcoming that existed before.
· Cost optimization by reduction the gross operating cost which can help in improving the profits in the next fiscal year.
· Leveraging the technological innovation in capital management
The focus on simplifying the operating model will be continued focus which will be done by introduction of simpler procurement model and partnering with experts in business process that can lead to less complex IAG’s process. (IAG, 2016)
The bigger picture of IAG corporate strategy can be seen like this. The company has followed the process of setting a strong foundation in the home country and expand in the neighboring markets by mergers and acquisitions. The operations has been streamlined in order to optimize the business model and focus has been to maximize the shareholder profit and get maximum growth by capitalizing the local resources.
2. Business Practice that created controversy
There have been many criticisms of the business practices that company has pursued over the years. Describe TWO of these practices and outline the outcomes.
The investment decisions that the IAG group has taken in past has not been very effective for the business growth and the management should have a given more attention towards this. This include decision of expanding in China and Britain. The investment in China could be as high ass $1 Billion with the motive of getting a license in the one of the biggest economy of the...
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