Organizational Culture in Prime Bank - 6026 Words

Letter of Transmittal 14th August, 2011 Abdullah-Al Jamil Lecturer of Southeast University, Bangladesh Subject: Letter of Transmittal Sir, It is great pleasure to submit an assignment on â€Å"Organizational Culture in Prime Bank as the fulfillment of the partial requirement of our course Organizational Theory. This assignment is done to find how organizational culture operating in Bangladesh. We are working on bank we find how employee maintains, protect and stay in the culture. This assignment has helped us to find Prime Bank employees are happy with their culture. We sincerely hope that you will enjoy reading this assignment as much as we enjoyed it writing. If you need any further clarification interpreting our†¦show more content†¦These data were gathered from. †¢ Web site of the company. †¢ Internet †¢ Publications of the company. Sample design We mainly focused on Banani branch. Operations and activities, and took samples from this branch. To conduct this assignment we mainly used questionnaire which is a combination of open and close ended questions and distributed this among 20 employees as samples who belong to Executive Management Level, Mid Level and Junior Level of the hierarchy of Prime Bank. We have chosen this branch because this is an important commercial area of Dhaka city as well as Prime Bank. We used non-probability sample technique to select sample size. Language: Abstract terminology and technical terms have been avoided as much as possible so that any person can understand the theme of the assignment. Layout: All necessary parts of conventional formal have been followed. The readers are expected to get a different taste from the assignment. Overview Objective of the bank: The objectives of the Prime Bank Limited are specific and targeted to its vision and to position itself in the mindset of the people as a bank with difference. The objectives of Prime Bank Limited are as follows: †¢ To mobilize the savings and channeling it out as loan or advance as the company †¢ To establish, maintain, carry on, transact and undertake all kinds of investment and financial business includingShow MoreRelatedEssay about Legitimacy in Public Affairs990 Words   |  4 Pagesdealing with the audience outside with its stakeholders. Taking into consideration the fact that public affairs highlight relations with the general public. As said by McGrath (2005) in a general perspective the term public affairs include all the organizational functions associated with its reputation outside the firm. it could not be wrong saying that it includes lobby or political relations and media relations and community as well. Therefore in Lobbying circumstances public affairs seems to be indulgeRead MoreMoral Ethics And Values Based Dilemmas871 Words   |  4 Pagesmanagements is to ensure all employees understand all the ethics. 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Tragic Hero Essay - 761 Words

Tragic Hero In many, a tragedy do the tragic heroes have flaws that lead themselves to their own demise. The main character always acts exactly on his or her own emotions; thus aiding their tragic flaw and leading to their own demise without giving them the time to stop the repercussions of their emotion driven actions. In the play â€Å"Antigone† by Sophocles many of the characters are simply too headstrong and passionate about their beliefs to realize that they would greatly regret the decisions they are making. All of the characters share this characteristic; it is alluded to in the play that this is caused by their blood relation to Oedipus and how they are too cursed. Creon displays his tragic flaw on his sleeve; this is seen in the†¦show more content†¦Nevertheless, her existence in itself is looked down and cursed by the gods and as if fate had called for it, she kills herself to appease her stubborn and prideful nature. Her emotions fuel her decisions and before Creon can even begin to regret his own decisions and come to release her, she is dead along with the majority of his loved ones. Haemon, much like his father, has his own tragic flaws of his loyalty and undying love for his would be wife Antigone. Who at the end of the story ends up making a tragic exit and Haemon after failing to convince his father, Creon, to release her chooses instead to hastily follow suit and meet his own tragic demise next to his lover. He makes a emotional and heartbroken choice out of pure desperation for his lost love, without considering how it would affect the people he left behind. Unlike Creon, he didn’t have to face the fact that he caused his mother to kill herself out of despair for her lost son and left his father surrounded by the dead bodies of his loved ones. Haemon had to bear the weight of Creon’s and Antigone’s impetuous decisions after he could not stop and ended up losing to his tragic flaw of love and killing himself. These heroes’ tragic flaws would hardly amount in any despair if alone, but paired with a Greeks heroes’ tendencies to makeShow MoreRelated The Tragic Hero of Hamlet Essay1049 Words   |  5 PagesThe Tragic Hero of Hamlet    Shakespeares play, Hamlet illustrates the tragedy of a young princes pursuit to obtain revenge for a corrupt act, the murder of his father.  Ã‚   As the exposition unfolds, we find Prince Hamlet struggling with internal conflict over who and what was behind his fathers death.   His struggle continues as he awaits the mystic appearance of a ghost who is reported to resemble his father.   Suddenly it appears, proclaiming, Pity me not, but lend thy serious hearing / ToRead More Modern Tragic Hero Essay1304 Words   |  6 Pageswith a grandiose plan to live the American dream. 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Strategics Management

Questions: Global competitive landscape for the organisation refer to the five competitive forces Describe and justify the use and purpose organisation mission and vision statements Resource capabilities application Analyse the internal and external environment with a SWOT analysis; Application of strategy (business or corporate) Analyse the various businesses level strategy, corporate level and/or a new corporate or business level strategy. Answers: 1. Five competitive forces for Cochlear on a global competitive landscape Porters five forces: According to Michael Porter, the five forces that create an impact on the proper running of the business process of the organizations can be: Threat to new entry The company is the leading manufacturer of the implantable hearing devices industry and has been able to gain a good reputation in the global deaf community by providing effective and safe products (Gollan et al., 2014). This makes the industry harder to enter by new companies. Threat to substitute The Government backed trails of most of the developing countries including India, have been gearing up to manufacture and produce the hearing devices at a much cheaper rate. This could be the main reason for increasing the competitiveness in the market (Fraser et al., 2015). Industry rivalry Nurotron, a Chinese company has been gearing up to gain huge market share on the global basis where the company has been producing cheaper products in the market which is almost half the price of what Cochlear is producing (Berketa et al., 2013). Bargaining power of buyers The demand for the medical products for the company comes from the various medical companies, affluent individuals, and government organizations (Kitterick et al., 2014). Hence, there is a potential market for the company in the middle to upper income groups without the needs of any governmental help. Bargaining power of suppliers As a manufacturing company, the company requires the send their works to the suppliers. Owing to the low customization of the production, the company has a less power in bargaining with the suppliers. 2. Mission and vision statements of Cochlear The mission of the Cochlear is to innovate and create a product in the market, which could transform the procedures for the treatment of hearing losses (Sorkin, 2013). The range of the hearing impairments as manufactured by the company would be helping in providing implantable hearing solutions for delivering the lifetime of the outcomes relating the disability in hearing. The vision of the company is to have the clinical team and recipients for embracing the company as their partners. 3. Resource and capabilities application Resources Capabilities CEO Increasing the productivity and profitability of the company for both the short and long term Management board Supervising the production and management of the manufacturing proves of the products Managers Enhancing the profitability and productivity of the company by implementing the purchasing and procurement Employees Implementing the target of the orders such that to execute the manufacturing process within the estimated timeline Sponsors Investing on the procurement related to the manufacturing process that is required to produce quality products Suppliers Supplying with the materials required for the products ion of quality products Government The FDA authority to implement regulations and policies that could be governing the business processes of the company Table 1: Resources and capabilities for the Cochlear Source: Created by author 4. Internal and external environment with SWOT analysis Internal analysis Strengths The company is the leading manufacturing company of the hearing devices in the market and is a recognized innovator in the niche related to the high technology within which it operates. Weaknesses The company lacks an appropriate strategy that could help in exploiting on taking the advantages form the external opportunities and overcoming the external threats being imposed to the company. External analysis Opportunities The analysis of the key activities of the value chain helps in providing the opportunities to understand the external trends, which helps in affecting the specific activities of the firm. Threats The Cochlear Company belongs the medical technology industry and hence, is required to be governed by the regulations of the Australia Food and Drug Administration (FDA) (da Costa et al., 2014). There have been several issues which the company has been facing related to the use of technology to aid the hearing disability in the community. The major issue rose when the FDA issues notification of the connection with the hearing impairment with the meningitis. 5. Application of strategy The strategic mission as applied to the business process of the company would be helping in creating a unique intent and scope for its operations in the market. In addition, the implementation of the innovative business strategy would be indicating the stakeholders of the company to get a glimpse of its business objectives which it needs to accomplish in the future (Gollan et al., 2014). The efficient strategy as implemented within the business environment would be reflecting on the individuality of the company, which helps in revealing its leadership quality. The unique strategy as implemented by the company would be helping in distinguishing it form the other competitor companies in the market. 6. Various strategies of Cochlear Business level strategy Business level strategy for the company is to implement the latest technology in the manufacturing of the hearing impairment devices. In order to implement the latest technology, the company needs to evaluate its RD activities (Fraser et al., 2015). Moreover, the company is also looking to market its functional activities such that to manufacture its products laced with the latest technology, which could be helping the patients to regain the hearing loss. The company is also planning to improve on its financial health by analysing the financial ratios, profitability, advantages, liquidity, return from the shareholders, and related activities for improving its financial status (Hanson, 2016). Corporate level strategy The corporate level strategy for the company is to initiate the strategic growth in the market such that to improve on its end to end customer experience. The company is implementing the direct to customer engagement strategy by utilizing a professional approach in order to help strengthen the relationship with the customers (Fraser et al., 2015). The strengthening of the relationship with the customers would enable the company to get an opportunity to establish a customer care for the patients after the surgery of the cochlear implant. Moreover, the company is also planning to make contracts with the professional partners such that to establish clinics and care centers. References Berketa, J., James, H., Langlois, N., Richards, L. (2013). Cochlear implants in the forensic identification process.Forensic science, medicine, and pathology,9(3), 422-426. da Costa Monsanto, R., Bittencourt, A. G., Neto, N. J. B., Carolina, S., Beilke, A., de Lima, N. F. G., ... Salomone, R. (2014). Auditory Brainstem Implants in Children: Results Based on a Review of the Literature.Journal of International Advanced Otology,10(3). Fraser, L., Shanks, M., Wardrop, P., Allen, A. (2015). Cochlear implantation and alcohol misuse.Cochlear implants international,16(1), 51-56. Gollan, P. J., Kalfa, S., Agarwal, R., Green, R., Randhawa, K. (2014). Lean manufacturing as a high-performance work system: the case of Cochlear.International Journal of Production Research,52(21), 6434-6447. Hanson, D. (2016). A summary of the case analysis process. Kitterick, P. T., ODonoghue, G. M., Edmondson-Jones, M., Marshall, A., Jeffs, E., Craddock, L., ... Nunn, T. (2014). Comparison of the benefits of cochlear implantation versus contra-lateral routing of signal hearing aids in adult patients with single-sided deafness: study protocol for a prospective within-subject longitudinal trial.BMC Ear, Nose and Throat Disorders,14(1), 1. Sorkin, D. L. (2013). Cochlear implantation in the world's largest medical device market: utilization and awareness of cochlear implants in the United States.Cochlear implants international,14(s1), S12-S4.