in paragraph format discuss the below using scientific reference on strategic management

Strengths Analysis

$1.$ Largest State$-$Owned Non$-$Life Firm in India:

$$ Reason Against Restructuring: Being the largest state$-$owned non$-$life firm gives IGIL a significant market presence and credibility. Restructuring might disrupt the established brand and market trust.

$$ Enhancement Measure: Leverage its dominant market position to negotiate better terms with partners and suppliers, and use this leverage to enhance service offerings.

$2.$ Financial Strength of Each Subsidiary:

$$ Reason Against Restructuring: Financially strong subsidiaries indicate stability. Restructuring could destabilize the financial balance and lead to uncertainties.

$$ Enhancement Measure: Implement best practices across all subsidiaries to maintain and improve financial strength, ensuring a more uniform performance.

$3.$ Cross$-$Holding Among Subsidiaries:

$$ Reason Against Restructuring: Cross$-$holdings provide financial security and reduce risk. Disentangling these relationships in a restructuring could lead to financial vulnerabilities.

$$ Enhancement Measure: Optimize cross$-$holding benefits by improving coordination and resource sharing among subsidiaries.

$4.$ Diverse Non$-$Life Insurance Portfolio:

$$ Reason Against Restructuring: A diverse portfolio helps in spreading risk and capturing different market segments. Restructuring could lead to a loss of this diversification.

$$ Enhancement Measure: Further diversify the portfolio by exploring emerging insurance needs and tailoring products to niche markets.