DEPARTMENTALIZATION Introduction 1. When two or more people work together to achieve a group result‚ it is an organization. After the objectives of an organization are established‚ the functions that must be performed are determined. Personnel requirements are assessed and the physical resources needed to accomplish the objectives determined. These elements must then be coordinated into a structural design that will help achieve the objectives. Finally‚ appropriate responsibilities are assigned
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TALL ORGANISATION STRUCTURE If the span of control is narrow‚ then there will be many management levels. That is‚ there will be many managers. This organisation structure is called “Tall Organisation Structure”. Diagram of Tall Organisation Following diagram gives a sample visual preview of how a Tall Organisation Structure looks like. Advantages of Tall Organisation 1. Advantages / Merits / Benefits of Tall Organisation are :- 2. The quality of performance will improve due to close supervision
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Departmentalization Departmentalization refers to the process of grouping activities into departments. Division of labour creates specialists who need coordination. This coordination is facilitated by grouping specialists together in departments. Popular Types of Departmentalization ▪ Functional departmentalization - Grouping activities by functions performed. Activities can be grouped according to function (work being done) to pursue economies of scale by placing employees with shared
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Citibank: Launching the Credit Card in Asia Pacific INTRODUCTION Citibank is one of the major international banks and it is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York‚ later First National City Bank of New York. As of March 2010‚ Citigroup is the third largest bank holding company in the United States by total assets‚ after Bank of America and JPMorgan Chase. Citibank has retail banking operations in more
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Essay Topic “What five methods have traditionally been used to departmentalize work and worker? Give one advantage and one disadvantage of each. Provide an example of functional departmentalization at your University and using the definitions in your textbook explain why it is suitable example. (Chapter 9)” In any size of the organization or complexity workplace‚ organizational structures are very important factors that the businesses must have‚ so the employee will know their position‚ their
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Citibank Performance Answers Answer 1: James has been given an overall rating of Above Par. Except the rating for Customer Satisfaction all other ratings for him are above Par. The sheet is attached as a supplement Answer 2 describes the substantiation of each of individual ratings. Answer 2: Financial – Above Par. Clearly James has driven growth‚ as indicated in 48% increase in contribution margin year over year. Given the size of the branch‚ ensuring a growth of 48% indicates significant
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inventions and fast paced society always looking for a way to save. Citibank in particular has adapted very well to this type of society‚ which will be explained in the paper. Change 3 One industry that is ever changing is the banking industry. It is always trying to accommodate the mass market and appeal to a new generation while still holding on to their affluent clients. One bank in particular is Citibank. This organization has made the changes throughout the year
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Citibank Frits Seegers : President of Citibank California Lisa Johnson : Area Manager James McGaran : Branch Manager of Los Angeles Area Branch. Lisa Johnson Los Angeles area Manager. Joined the company in 1978 in Chicago and moved to California in early 1988. Her area was the biggest in the division and included two regions that had previously been managed separately. Supported many managers and was well versed with the events in each branch. James mcgaran Working in the banking industry
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Citibank has been known world wide for being one of the largest commercial banks and one of the major international banks. Besides that‚ it is also a public company- FIRST NATIONAL CITY BANK OF NEW YORK as well as the third largest foreign bank in BRUNEI but it has only two branches set up in BRUNEI. For more information‚ Citigroup has the world’s largest financial services network‚ spanning 140 countries with approximately 16‚000 offices worldwide. The company currently employs approximately 260
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One of the main operational areas is academic programming‚ but there are a number of other services to assist the delivery of these programs and other operational goals. Lambton College uses a functional departmentalization approach for organizational structure. This form of departmentalization is used so each individual has specific knowledge and training in their individual position. As outlined in the organizational charts attached‚ there are three main areas I’m assessing. The office of the president
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