F11-001 - Nguyen Thi Hai An.v.1.1.docx

The action of vietinbank and hsbc to satisfy their

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The action of Vietinbank and HSBC to satisfy their interests of shareholders,
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- Pay dividends on time: the shares of Vietinbank have the largest shareholdings of the state, so slow dividends will be fined by state shareholders. In addition, the bank will lose credibility with its shareholders and will reduce capital. - Use capital carefully: to create trust for shareholders, maintain stable capital. - Develop business strategy: add other forms of business to increase profitability for the bank. The action of Vietinbank and HSBC to satisfy their interests of customers, community, suppliers. - Improve the quality of service and products with good price: shorten service procedures to save time and costs for customers. - Offer gifts to customers on special days: give gifts to customers on birthdays and woman day if customer is female. The action of Vietinbank and HSBC to satisfy their interests of employees. - Empower employees to develop their knowledge: Additional training to raise for employees outside of working hours. - Raise wages and bonuses if employees to well: Working effectively increase sales to the bank, employees will be rewarded more. The action of Vietinbank and HSBC to satisfy their interests of managers. - Arranging managers into positions that match their knowledge and abilities. - Actively mobilize capital to expand business. 3.1 Analyse the structure of Vietinbank explaining its organizational chart in the light of its strengths and weaknesses. Vietinbank has changed the new structure to be divided into segments where customers use the service. The business of Vietinbank is focused in the function. According to
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Vietinbankorganization chart at appendix, Vietinbank is organization structure by function. A functional organization is type of structure that is divided into functional groups. It is a close bond. However, in an organization will have strengths and weaknesses and a functional organization similar. Mbaboost.com. (2018). Vietinbank (functional organization). Strength Weaknesses 1. functional structure - Manage your work easier. - The gathering of people who have the same level of knowledge. - There is no loser in the workflow. - It operates in a standard format so it costs time in different departments. - Inter-departmental conflict of interest. 2. products and service- based structure - responsibility for each product and service at each stage - collectively develop a product or service to bring about high benefits. - Less sharing of experience across departments. - Customers want to use more upgrades services than just one. 3. customer based - focus on the needs - The rigid of how to
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structure and base. the customer solve problem. customer 3.2 Critically analyse the interrelationship between various functions within Vietinbank and how they are interconnected to organizational objectives and structure of Vietinbank.
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  • Winter '18
  • Labour economics

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