TABLE OF CONTENTS Introduction 3 1.1 Organizational structure 3 1.2 Environmental forces 3 1.3 Risks confronting the firm 3 2.1 The Organization’s Challenges 4 2.2 Consequences of Low Economic Growth 4 Conclusion 4 References 5 PART 1 INTRODUCTION In this report, we will discuss in detail, the Management and Business front of a company named QBE and its specific market structure in Australia. In order to understand the strategies that work with the company, we need to understand the potential practices and structures that are working (Christopher, 2016). In addition, it is also suggestible to understand the environmental forces and other risks that can possibly confront the entire area. 1.1 Organizational structure If we are considering talking about the foundation of a company’s operations, then it should be the organizational structure. The Management’s structure plays a crucial role in the same. However, it can be simplified into the following factors. ● The control of the organization and how the operations team delegates the given roles and responsibilities appropriately. ● The decisions made and the method of implementation. This applies to every sector of the organization. ● The flow of the team and data within the organization Let us accept that the factors that can impact the organization can vary but the above mentioned conditions remain the same everywhere. Moreover, there are flat organizational structure, the functional ones, the product kind and the geographical type of organization structure depending on the size and nature of the company. 1.2 Environmental forces Basically, let us take any sector in the industry, there are forces from the demographic front to the cultural end marks the group of major ones. The success of any organization hinges on how the strategies are being developed and monitored. Moreover, the environmental changes should do well with the strategies penned by the team. QBE, being one of the World’s top most insurance companies presents itself powerfully in the key insurance markets and the company operations aid well to the same. They make excellent use of their dynamic nature to make the entire operations efficient. The firm promises some proactive strategies that works well with adaptation in order to clear out the competition in the industry. You can see the turbulent surrounding the firm assures of. 1.3 Risks confronting the firm Given the competition seen in the companies in the insurance sector, it is obvious of the risks that can confront similar firms. According to the Financial Times, June’s voting process in the year 2016 on the UK’s membership that had the EU members participate in it, made the insurance shares see a drift, positive or negative (Johns et al., 2014). The companies, specifically in the UK and Asian Market fell badly and it took a toll on the investors. These things are least expected in the case of insurance companies as they don’t deal with specific team operations. However, facing these risks and challenges becomes a daunting task to them. QBE has been in the industry for quite some time and the risks that the team confronts are no less than the competitors. As we discussed earlier, such changes occur and they can be seen in one perspective. According to the same, these challenges can be divided into two broader sectors. The primary area can be recalled - the environmental challenges and the type the organization stands within, followed by the analysis. The rates have been falling and the global economy is seeing a economy crisis rather than the positive that is the policy number’s drift to the top lot. 2.1 The Organization’s Challenges Pricing marks as to be the major criterion for the commercial companies in the insurance and reinsurance sectors. QBE, being the typical insurance firm faces this as its major challenge. The low count of major catastrophes can drive the prices up. On the off hand, the new capital’s entry within the industry can determine the potential capacity that can again make a change in the organization (Turner, 2014). The insurance sector is structurally more challenged than the rest. 2.2 Consequences of Low Economic Growth As for any problem, consequences are to be strictly faced. The major crisis firms like QBE face in the front of low growth of economy is the dropping interest rate. Since the affected economy growth is not something that can be drifted to the top quickly, at least not by one person’s effort alone, this makes it clearly tough for the insurers. They are not able to enjoy any sorts of profits, which in turn makes them struggle to find promising assets to their customers. CONCLUSION Firms, especially like the QBE ones that are involved in the insurance sectors, their partners and customers: Not only them, the firm’s competitors and the other entities involved in the operations of the microenvironment and the forces related to the same impact the opportunities. According to the research made, we were able to identify that the team operations and these forces impact the organization’s structure and management hence, monitoring the same becomes mandatory. Also, it is mandatory to respond to the crisis whatsoever it may be. References Christopher, M. (2016). Logistics & supply chain management. Pearson UK. Johns, D. J., Hartmann-Boyce, J., Jebb, S. A., Aveyard, P., & Group, B. W. M. R. (2014). Diet or exercise interventions vs combined behavioral weight management programs: a systematic review and meta-analysis of direct comparisons. Journal of the Academy of Nutrition and Dietetics, 114(10), 1557-1568. Turner, J. R. (2014). The handbook of project-based management (Vol. 92). New York, NY: McGraw-hill.