Maybank Organisational Structure

Question:

Describe the basic organization structure of the company

Answer:

Organizational structure can be described as proper form of how people and job are classified in an organization chart. When CEO’s switch or expand the organization structure they are engaged in organizational design. This management involves six key element processes include job specialization, departmentalization, reporting relationship, assigning authority and coordination.

Malayan Banking Berhad (Maybank) adopt the term of work specializations or administrative divisions, to specify the degree to which exertion in the organization are split into variety of works. The approach of job specialization or illumination is the one way that the CEO of Maybank uses to decrease

Its execute responsibilities according to the various requirements. Maybank is divided into three departments which are functional, divisional and matrix. These departments are then combined to form of one hybrid organizational structure. Which shows the employee have to report about their work to Chief Financial Manager who is in charge. Malayan bank contains pros and cons to the company to produce maximum outcome by doing their job efficiently. For example, Maybank signed contract with oracle corporation Malaysia, for RM6 million for a data warehouse project. Maybank has a functional structure which is target on systematic job by which professionals are organized together. Employees with same working units based on a product or service, activities performed by employees, level of skill or expertise. In the organization, individuals are divided into specific departments, where each division has a particular function to accomplish official goals individually. For example, financial services targets on marketing and share

The different structural portion is achieved by employees in skilful purpose of goals.

Question 2:

Does the structure match the strategy of the company? Justify your answer.

Answer:

The business strategy of Maybank has a high chance to achieve one or more goals under conditions of uncertainty. The overall success is onto the employee’s hard work. Maybank opens many branches in foreign countries to invest and share policies. In this case Maybank also achieved most outstanding Retail Islamic Bank Award of Islamic Banking Malaysia.

Moreover, Maybank gain profits by doing their accounts of the company to make sure they are in right track without having any losses to the company. By this Maybank able to move together and accordingly through thick and thin besides being to overcome all the problems since one has knowledge about the services while the other about the