F11-094 - Pham Tuan Viet.v.1.1.docx

Then sub departments of marketing could sell

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maximum sales system, production, finance and general administration. Then sub-departments of marketing could sell, distribute and use warehouse. The advantages of this structure as follows:
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- Expertise is pooled as many professionals have gathered to promote function departments . - It avoids duplication and offers scale economies. - It makes easier recruit because this structure has diversified expertise. Its disadvantages are: - Internal process and inputs are preferred over customer demands. - Communication problems when people have different expertise and disagreements. - The conflicts in functions make this structure difficult to co-ordinate. 3.2 Critically analyze the interrelationship Retail department is interconnected with HR division, because VietinBank sets the standard for innovation in the retail business with young human resource and experienced people. On the other hand, retailing requires dynamic and enthusiastic of young people and the experience of those of go before. Furthermore, when problems related to retailing occur with the customers, the With the high demand in advertising, Brand & Communication department will perform it with the help of IT division. Through information technology, the communicating to customers is even more important, especially with potential customers. Thanks to the link between two departments, VietinBank can promote services to customers more quickly and conveniently, contributing to raising the competitive advantage of VietinBank with other banks. Retail is highly interconnected with the overall organizational objectives because retailing helps to increase service revenues and non-interest income. Moreover, VietinBank also uses retailing as leverage to pursue effective business goals and profit growth while strengthening customers trust for sustainable development among stakeholders. 4. HRM task 4 Human Resource Management (HRM) is a systematized approach to employee relations.
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Employing the labor force in order to optimize internal resources of collective based on the ability and skills of each employee. Identity the strengths and weaknesses employees based on social interaction in order to give them the best opportunity to maximize their potential when work with other members to complement and help each other (Bratton & Gold, 2017). 4.1 Key Roles and Responsibilities of Human Resource Function Modern HRM consists of the following functions: Recruitment – finding new suitable employees. Selection – making the selections of personnel. Retention – assurance of trust and loyalty in the sticking to organization of employees. Training & Development – exploiting the potential and improve the skills and ability of the staff. Compensation & Benefits – compensation based on the work and contributions of individuals and groups.
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