F12-151 - PHAM TRAN MINH TUAN.v.1.1v.1.1.docx

Position in leadership they chose to promote retail

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position in leadership they chose to promote retail and the government have the most power in the bank operation structure. Whereas VIB focus on more position in leadership, developing deposit and money transaction.
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2.3 Analyze how the two organisations meet the stakeholders interests and expectations highlighting similarities and differences of the two firms. Vietinbank and VIB share some similarities in satisfying their stakeholder s interest such as: For employee and manager, they both providing better salaries and better working environment to meet their interest. For shareholder, they make sure that dividend is paid on time and increase the share price. To meet the community s interest Vietinbank and VIB both provide job exclusively for local people and scholarship for community. They still have their own unique way to satisfy their stakeholder, for example Vietinbank their main shareholder is the government, so they have to focus more on meet their interest by create discipline for the bank and ensure that people pay taxes on time. Whereas VIB s main shareholders are not the government so they won t have to focus on satisfy government as much they have to in Vietinbank. 3.1 Analyse the structure of Vietinbank explaining its organisational chart in the light of its strengths and weaknesses. 3.2, Vietinbank s organization chart
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OPENING A NEW BRANCH OF VIETINBANK IN MY DINH 20 (Vietinbank,2018) By looking at the Vietinbank s organization chart above we can see that their type of organisational structure is function because they divided into different department based on specific function areas. To be more specific in board of management they divided into two part and the first one is the Committee and the second one is divisions and branches and department. The committee will responsible for credit and financial transaction whereas eight divisions will oversee different task such as corporate, IT, etc and the branches and other departments will in charge for different function. In Board of directors they divided into five committee (salary and HR, Alco, risk management, policies and payment) and there are supervisory board, internal audit and secretary responsible for supporting the board of management and general meeting of shareholders.
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OPENING A NEW BRANCH OF VIETINBANK IN MY DINH 21 The advantages and disadvantages of functional organization structure can be identified as below Strength and Weakness of functional organization structure ADVANTAGES DISADVANTAGES Expertise is combined and the accessed to technology, materials, equipment will become more effective Avoids the duplication in each department to focus on expertise The process of recruitment, training of specialist will be easier Increase operational speed Saving time and increase efficiency Poor interaction between different department Lack of Cooperation Conflicts between different department Communication problem may affect the overall performance (Gleeson, 2018) 3.3
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