F11-018 - Vo Minh Giang.v.1.1.docx

Shareholders leadership similarity both banks have a

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Shareholders Leadership Similarity: Both banks have a certain number of people holding bank power and there is a clear hierarchy between the positions in the bank. The purpose of Vietinbank and VIB is to customers. Difference: Vietinbank:
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o Fewer positions in leadership o Promote retail o The government holds the greatest power VIB: o More positions in leadership o Speed up the deposit and transfer money o Pay taxes to the government 2.3 Answer how the two banks satisfy stakeholders’ interests and expectations highlighting similarities and differences. Explain the actions of the bank to satisfy their interests. Similarity: Vietinbank and VIB pay dividends to shareholders in a certain proportion. In addition, both banks allow shareholders to hold important power in the company and are voting to make important decisions. Difference: Vietinbank: The government holds the majority of shares in Vietinbank so the shareholders also have higher power. VIB: Vib's shares are mainly held by foreign companies. So the government did not have much power in VIB. 3.1 Analyse the structure of Vietinbank explaining its organisational chart in the light of its strengths and weaknesses
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(Vietinbank, 2018a) The organizational structure of Vietinbank is by function. By function BTEC Functional organization is a group of people who gather together for the same purpose or use the same types of technology and machinery. The functions of a production company are quite diverse, such as production, sales, economics and general management. Sub-departments can use the warehouse as well as sell and distribute the product. This functional organization has the following advantages: Expertise are pooled: In every field of work, there are those with high expertise. They will gather together to accomplish a goal
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Avoids duplication: When groups gather together to contribute ideas, the same ideas will be eliminated at that moment Makes recruiting, training and motivation more efficient: By function, there will be different expertises. From there, it is easy to recruit suitable people for each expertise. Besides, there are still drawbacks when using it: Being internal and less oriented to the demand of customers: Meeting the needs of the outside as well as the customer is the basic way to drive a company. But the executive apparatus mainly serves to enhance the power of the company Arising communication issues: Because there are many people with different specializations, the discussion and agreement is quite difficult. In addition, linguistic and cultural disagreements also make this a problem in communication. Poor coordination: A tall organization with many levels and positions so it is very difficult for everyone to work together if there are not many meetings held(Google Docs, 2018).
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