F11-043 - Pham Khanh Linh.v.1.1.docx

This structure will be highly effective as each

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groups they perform such as retail, risk management, human resources, etc. This structure will be highly effective as each employee in the team will share and train a certain skill, professionalism, responsibility and clarity will be noticed.Functional structure brings efficiency to the job. When you have to cum a lot of functions, you will not be able to do all the tasks you have assigned. This structure will enable employees to focus on developing a function, bringing the organization's high productivity and professionalism to the workplace. In addition, managers can more easily dig create and manage. In a department that includes a group of people with similar
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abilities, they can share experiences and help each other develop skills(Kalu, 2016, page 2).But it has a problem of interconnectivity between departments and sometimes there is a distinction between different departments(nibusinessinfo.co.uk, 2014).Each decision will be passed and censored by many individuals. In the event of an incident, it will be very hard to take responsibility for a particular person. After all, because each unit is just good for one function, it reduces the flexibility and dynamics of the staff(Kalu, 2016, page 3). 3.2. The interrelationship between various functions within Vietinbank and The interconnected to organisational objectives and structure of Vietinbank There are many parts in a company and between departments, there is always interaction. A good example of relationships is the interaction between the accounting department and the marketing department. At first glance, there is no link between a financial manager and a department that manages sales development but it has a very close relationship with one another. The two departments must link to track the market trends of the market. The job is simple but it will help the bank manage its business activities such as promotion or promotion of bank reputation(Baldacchino, 2013). For example, when Vietinbank opens a new branch, the marketing department may launch a promotion of high deposit interest rates that will attract many customers, but the accountant will determine that the cost may be too high. with the opening capital of the branch. Then the two departments will sit together to find a suitable interest rate that is both profitable and attractive to customers. The next is the relationship between production and marketing. When the department produces the product line. Marketing will assess the market trends and needs to help the producer adjust the quantity of production as well as develop the product to fit the market demand and the scope of product distribution rational (Michael and B, 1994).These two parts can not be separated in one part of production.
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For example, the new branch of Vietinbank plans to launch a campaign to renew the card model to the wishes of VIP customers. First of all, it must be possible to look at the production capacity of the production department before marketing is publicized. Deciding on a problem, but involving many functions, makes linking between units of the functional organizations shown.
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