Vietinbank and standard chartered also involve many

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Vietinbank and Standard Chartered also involve many social activities, although they approach different fields as Standard Chartered focuses on sponsorships for sports such as their partnership with Liverpool Football Club or sponsoring for Jersey Marathon and Vietinbank targets on education and social welfares. Task 3 (LO2: P3, M2, D1): 3.1. Analyze the structure of VietinBank explaining its organizational chart in the light of its strengths and weakness To understand the link between organizational functions and the bank s objective and goal, we will look at the organizational chart of Vietinbank (Appendix A) to find the key points in order to know their structure and activities (vietinbank.vn, n.d.).
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There are some advantages come out of this organizational structure. This model can make the operation more efficient and ensure the competency as there are functions that specialized in handling in aspects such as risk management or internal department. In addition, this structure can handle many situations faster than let two or more function to deal with the issue, therefore it creates the flexible in running the bank In contrast, Vietinbank s model can lead to some issues and one of those issues is the difficulty in observating and controlling the operation as there are too many departments and divisions to check-up and also the organization structure can make difficulty in communication and association. Moreover, as there are too many functions, some of these are unnecessary or can be merged with another division, also this model can lead to poor coordination as they are not well-cooperated (Gleeson, 2018). 3.2. Critically analyze the interrelationship between various functions within VietinBank and how they are interconnected to organizational objectives and structure of VietinBank The interrelationship among divisions in Vietinbank is illustrated by functions that assigned to various groups (Vietinbank.vn, n.d.). Many of these group are related to their objectives in order to make the operation and development more effective Board of Directors: make final decisions that affect other divisions and the whole activities of the company;
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General meeting of shareholders: link to board of directors as they make the decisions to invest in the company, therefore affect the capital and maintain the company s activities. They are also linked with the goal of the bank as they submit for company s activities including establishing a branch or strategy for customer attractive; Board of Management: interrelated to boards of directors as they responsible for ensuring the efficient and fast of operation of other groups; Financial institution committees: responsible for managing the company s resources, gathering financial reports for future actions so that the development process will be smooth; Supervisory boards: relate to internal audit department, board of director, board of management and branches as they responsible for observation on the company s
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