Person Centred Planning shareholders of a company

Question 1: Comparing the position from Milton Friedman who believes that the lone stakeholder that a company is responsible for is the stockholders with Charles Handy ‘s belief that the company must equilibrate between the viing demands of all stakeholders.

Textbook Business Environment by Andrew Harrison defines that “ stockholders are people to whom corporations must hold primary duty ” , and stakeholders who can be seen as “ any groups or single who can impact by the accomplishment of the organisation ‘s aims ” . Stakeholders can be divided into two groups of direct ( proprietors who are seen as stockholders, corporate directors themselves, employees, clients, competitors… ) and indirect group ( authorities, local community… ) .

For the proprietors or stockholders of a company, they will hold high power and high involvement in the company because when the proprietors invest their money for company to make concern, they will hold authorization in direction every bit good as to do determination. In add-on, they will hold high involvement in company because of the gross or net income. For employees, they pay the most attending to salary and related benefit like fillip, insurance ordinance, and corporate civilization. In context of high competition for both human resources, employees have more choices. Because of their authorization, they will be really interested in company. In contrast, they will hold no power in its operation. The cardinal stakeholder of any organisation is client, who decides its endurance. Depending on type of companies or demand of clients for that merchandise, clients will hold high involvement or low involvement in the company. In contrast, they will hold low power because they can non command the direction system. The authorities plays a really of import function in any organisation ‘s operation because they will supply policies that have direct influences on its concern public presentation. Although, they do non hold high power as stockholders, they can coerce that company to follow purely their ordinance or policy.

Milton Friedman was born on 31 July 1912 and died on 16 January 2006. He is an American economic expert, learning at Chicago University. Charles Handy was born in 1932. He is an Irish writer and he specializes in organisational behaviour and direction.

Milton Fried ‘s point of view about stakeholders ‘ theory is that, “ The lone group that has a moral claim on the corporation is the people who own portions of the stock that are, the stockholders ” . It besides means that, the company is responsible for their stockholders merely. In contrast, Charles Handy ‘s belief that company must equilibrate between the viing demands of all stakeholders

From above analysis, in my sentiment, both theories are non incorrect wholly. However, in current society when modernisation brings benefits to many related people, company should pay attending to all stakeholders. If company is merely responsible for stockholders, we agree that company will be more responsible for capital invested by stockholders. However, if a company does non supply or alter the merchandise features to accommodate gustatory sensation of clients, how can company sell merchandises? In add-on, human resource is really of import, if company does non take attention for them, paying them good income, they will go forth for another company. The company so must pay disbursals for new enlisting, preparation, particularly cost for constructing trust of other employees.

Nothing is perfect ; one theory may be suited at this minute, but besides non suited at another clip. That is to note the societal development. What ‘s more of import is to use suited theory and adjust the unsuitable 1.

Question 2: Critically discuss the contention that ‘leaders are born non made ‘

As definition in the text edition Modern Management 11th edition, “ leaders are the most effectual directors over the long term ” . Another definition in website computerworld.com: “ A leader is a individual who regulations or ushers or inspires others. ” They have unseeable ability that others can non have. Equally far as my apprehension, whatever their determination is, leaders are ever confident for their pick. That is why other people frequently follow their way. In fact, we frequently misunderstand about directors and leaders. Harmonizing to blogs.computerworld.com, “ a leader is ‘a individual who regulations or ushers or inspires others ” . One organisation can hold many directors who are in charge for different sections or divisions, but at that place possibly merely one leader.

I agree, “ Leaderships are born ” . Some people were born with natural endowment of being good at mathematics, literature, music, humanistic disciplines or others. For illustration, Professor Ngo Bao Chau was born in 1972 in Viet Nam. In 2010, he received Field award for mathematics in the pride of all Vietnamese people. However, if we look at his parents whose male parent is Professor Ngo Huy Can in mechanic industry and whose female parent is Associate Professor, Doctor in medical industry. Therefore, it must be more or less that he will be familial from his parents ‘ ability. For such this instance, it can non be denied, “ Leaderships are born ” . Leaderships in such instance are non leaders of a company but intelligence, cognition that others can non larn. Before, when I studied at high school, many people asked me method to larn English good. I could non state them precisely how, because something like my ability to larn English was born.

ALSO READ  Personality Of The Crisis Worker Social Work Essay

In my sentiment, “ Leaderships are born ” is merely the necessary status, with their endowment, leaders – and anyone else – must seek their best to larn, roll up experiences, and develop accomplishments, particularly to hold a good chance. In 2004, Professor Ngo Bao Chau and Professor Gérard Laumon proved the Basic Lema for Unita. In imperativeness boxes, readers comment that thanks to Professor Gerard Laumon, Ngo Bao Chau can be every bit successful as he is at present. This is to explicate that the working environment plays an of import function in anyone ‘s calling. If you are lucky to work in a good working environment, you may hold more alterations to develop your ability. Your endowment was born non made but if you do non hold chance to analyze, to work, to demo your ability, endowment agencies zero.

As referred in website threestarleadership.com, “ Leaderships are ever made ” . If we were non born leaders, it does non intend that we can non go a leader. The web site besides states, “ Leaderships learn about 80 per centum of their trade on the occupation ” . Life provides equal chances for us. The job is that, how will we recognize our strengths to take advantage and failing to better for better. In fact, many people frequently try to larn or emulate from other leaders their cognition, behaviour, solution accomplishments.

ASSIGNMENT 2

VIET NAM BANK FOR AGRICULTURE AND RURAL DEVELOPMENT AGRIBANK

Established in 26 March 1988, until now, Agribank is the taking bank in economic development, particularly for rural development in Vietnam in footings of capital, entire plus, human resource, web, and client database. As in one-year study 2009, chartered capital was 434.331 billion and entire plus was 470.000 billion. The outstanding loan was 354.112 billion with 2,300 subdivisions and dealing offices nationally. Up to now, entire staffs are more than 35,135.

Agribank has 13 merchandises, including Account and sedimentation, Savings, Valuables documents, Consumer loans, Guarantee, Discount and rediscount, Domestic payment, Money transportation, Card services, SMS Banking, VnTopup, ApayBill, Atransfer. In footings of history and sedimentation, Agribanks has seven merchandises ; “ Fixed term sedimentation with full involvement paid in progress ” is really interesting and attractive. It allows clients to have involvement rate when they open salvaging book. For Savings, Agribank provides 16 bundles for clients in VND, USD, gold… . Monthly accumulative nest eggs purposes at client aims whose income is non really high, but they besides do n’t pass all their income and want to roll up every month. Agribank besides diversifies client database by taking at immature and smart people who use high tech by providing Vntopup. For this bundle, clients can exceed up nomadic prepaid endorser. Customers can besides purchase the card of game online by directing a message from their cell phone.

As other Bankss, recognition activity still brings most gross every bit good as thrusts the growing of Agribank in coming old ages. Though Agribank dressed ores on heightening payment activities and card service, which are seen as its advantages, figures in one-year study show that most gross comes from recognition activity. As in the conference about concern orientation 2010, outstanding loan is 354,112 billion VND in which outstanding for agribusiness additions 241,858 billion VND, accounting for 68.3 % . Early 2009, in a plan by the Government to kick demand of endeavor by take downing involvement, Agribank sponsored 194,293 billion VND, accounting for 30 % . In the first 6 months of 2010, though rising prices has influences on its operation, outstanding loan still gained 380,063 billion VND, increasing 7.3 % compared with the beginning of the twelvemonth. While other Bankss are seeking to develop client database with an purpose to increase outstanding loan, Agribank is still in deficit of capital for loan expense. In website tin247.com, entire outstanding recognition for rural development was about 293,000 billion VND, in which Agribank histories for more than 70 % . However, harmonizing to Mr Nguyen The Binh – Chairman of Agribank “ The recognition policy must increase 25 % to run into the demand of client ” .

2007 was the most successful twelvemonth of banking and finance industry, after one twelvemonth of Vietnam ‘s WTO integrating. Here is the concern consequence of Agribank since 2003-2007 ( unit: billion VND )

Year

2003

2004

2005

2006

2007

Net income

-1,113

-298

462

1,107

4,515

Entire plus

122,757

161,757

192,319

238,495

321,444

( Beginning: Annual study 2003-2007 – After audited )

Up to March 2007, entire capital was about 267,000 million VND ; outstanding loan gained 239,000 billion VND. Agribank continues to corroborate that, rural and agricultural market is their traditional market with denseness of more than 55.5 % in entire outstanding. Agribank focused on the recognition quality with NPL rate of 1.9 % . The bank ever followed strictly ordinance of State Bank by puting proviso for recognition hazard. In 2007, proviso for hazard colony was 6,291 billion VND.

ALSO READ  Social Issues Essay

In footings of international payment, 2007 marked an outstanding period with actively puting up analogous bank relation with many world-leading Bankss like Wachovia, Merrill Lynch Group, Standard Chartered Bank. Up to February 2007, Agribank set up the biggest letter writer web with 979 Bankss in 113 states. Here is the concern consequence of international payment turnover from 2003-2007 of Agribank ( unit: million USD )

Year

2003

2004

2005

2006

2007

Employee turnover

2,929

4,850

5,857

6,131

7,248

( Beginning: Annual study 2003-2007 – After audited )

Agribank ever pays attending to engineering invention. It is the first bank to utilize IPCAS sponsored by World Bank. At present, Agribank applies the most modern engineering service with cyberspace banking, maestro card, recognition card, international payment by SWIFT. As in Agribank.com.vn, the bank is a member of many international and regional associations like APRACA, CICA, or ABA. This is truly a good chance for it to develop relation with many foreign associations. Since 2007, Agribank is the lone bank to have and deploy many foreign undertakings by World Bank – WB, Asia Development Bank – ADB. To stop of February 2007, Agribank was in charge for 103 undertakings with entire capital of more than 3.6 billion USD.

In 2010, the fluctuation of rising prices drove many Bankss including Agribank into trouble. In a authorship about ‘Who will be the direct victim of rising prices ” , the article points out three victims who are influenced by rising prices – clients who have salvaging book at bank and recognition person or corporate clients. In footings of sedimentation, when rising prices additions, it means the value of Vietnam Dong depreciates. Agribank will confront the world of capital deficit. In an attempt to keep bing clients and pull new clients to open salvaging books, Agribank has to increase sedimentation involvement rate. History has repeated like the context of 2007, in December 2010, a race to increase sedimentation rate started by Techcombank with rate for 36 months drifting was 18.5 % . SeABank a few proceedingss subsequently besides raised involvement to 18 % with extra values by hard currency and gifts for clients. Though Agribank did non take part the race, its involvement rate is still ranking highest in fiscal market now, at 14 % . When Agribank has to pay high sedimentation involvement, its gross will travel down, particularly the phenomenon of bad liquidness.

Currency

Term

Rate

VND

1 month

14.00 %

VND

2 month

14.00 %

VND

3 month

14.00 %

VND

6 month

14.00 %

VND

12 month

13.50 %

VND

13 month

13.50 %

( Beginning: www.agribank.com.vn )

Recognition clients are the 2nd victim of rising prices. Agribank is known as the biggest bank in Viet Nam, but it is still in the crisp deficit of capital for loan. As a consequence, this is truly an obstruction for this bank. When the bank pays high sedimentation involvement rate, involvement rate for recognition besides increases consequently. Normally, the recognition involvement rate will be calculated by sedimentation involvement of 13 months plus a border, depending on each type of merchandise, ranking from 2 % to 8 % . At present, for medium and long term, Agribank applies negotiated involvement rate by drifting. Interest rate will be adjusted every 3, 6, 9 and twelve month. When recognition involvement rate additions, Agribank must choose clients really carefully. However, Vietnamese endeavors are in strong demand for capital. Furthermore, because of rising prices, Bankss frequently mobilize in short term, meanwhile the demand of endeavors is frequently in medium and long term, therefore, Agribank has to utilize mobilisation in short term to finance medium and long term undertakings. This will act upon its liquidness.

Agribank extremely appreciates societal duty. The first activity to demo their societal duty is to supply loans functioning rural development of husbandmans. As referred in kinhtenongthon.com.vn on Monday 19 July 2010, in the first 6 months of 2010, Agribank disbursed 15,500 billion VND for rural and agricultural development. Expense for rice production was 4,900 billion VND, for agricultural production was 2,980 billion VND, for java aggregation to export was 2,815 billion VND, for sugar cane was 250 billion VND and for basa fish aggregation was 305 billion VND.

Bing voted as the first of 200 biggest endeavor operating in Vietnam by UNDP in 2007 as in news.gov.vn, Agribank ever tries their best to demo their political orientation and duty to the community by a batch of societal activities every bit good as the charity activities. Every twelvemonth, each employee will lend their three salary yearss to Fund for the hapless, Gratitude Fund, Fund for Children. In add-on, they besides spend one basic salary twenty-four hours for Gratitude Fund of bank

As in Agribank.com.vn, until now, Agribank has contributed 100 billion VND and above for societal and charity activities. In 2009 and 2010, with an purpose to implement degree 30a/2008/NQ-CP by the Government about poorness decrease plan for 62 poorest territories, Agribank disbursed 160 billion VND for two territories of Muong Ang and Tua Chua ( Dien Bien state ) . This provided 2.188 houses for people in these two territories. The undertaking is now in procedure of edifice infirmary, school, and medical assistance station. Agribank besides supports 10 billion VND in plan “ For the hapless of Phu Tho ” .

ALSO READ  Examining The Roots Of Elder Abuse Social Work Essay

“ It is our desire to illume up the gratitude to sisters, female parents in the war, who had sacrificed their life to the state, ” – said Mr Pham Thanh Tan – BOM member, General Director of Agribank. By the juncture of 60 old ages to observe the traditional twenty-four hours of Young Volunteer Force ( 1950- 2010 ) , with an purpose to esteem these adult females, Agribank supports 330 salvaging books with entire sum of about 1 billion VND in 22 states, metropoliss, and issues 467 salvaging books as proposal of the State Department of Propaganda in 33 states and metropoliss countrywide.

Â

Từ Ä‘iển – Xem từ Ä‘iển qi tiết

No 1 can deny that, Agribank has most figure of subdivisions and dealing offices in Viet Nam. The web covers all states, from the rich to the hapless, even cragged location. This brings client comfortss in dealing. Second, hallmark of Agribank is really celebrated in fiscal market, non merely in Viet Nam, but besides in foreign markets. In domestic market, clients are in favour of this bank. Taking advantage of being the biggest bank in Viet Nam, Agribank receives support of authorities and many international organisations like World Bank or Asia Development Bank. As written in agribank.com, vn, until terminal of 2010, the bank deploys 111 undertakings, particularly of WB and ADB with entire capital finance is more than 40 billion USD. Such undertakings are concentrating on agricultural and rural development, tree construction motion with an purpose to extinguish poorness and better populating standard for people in rural countries. With denseness of more than 55 % for rural and agricultural loan, Agribank chiefly focuses on this market, which is regarded as their monopoly market. This section is predictable to be under its control in approaching old ages.

With the vision to go a leader in back uping production agribusiness and rural development, Agribank defines that it is their mission to keep the first rank in fiscal market. For these marks, Agribank outlines a elaborate program for 2011. First, it is their mission to go on keeping cardinal function in financing rural and agricultural country. Second, it focuses on developing corporate civilization every bit good as societal duty, so that Agribank will be the first pick of clients in SME, farm economic sciences, rural co-ops in agricultural countries. Third, Agribank tries to make a healthy finance by bettering plus quality and concern efficiency, diminishing input costs. Agribank besides sets up a centralized and independent hazard disposal. Concentrating on engineering invention and productiveness sweetening is besides the end of Agribank. Finally, restructuring and equitizing with an purpose to go a prima diversified fiscal group in Vietnam is the biggest mark of Agribank in 2011.

From point of view of a banker, I am interested in the operation of Agribank with impressive figures. However, I do non wish to work for this bank for two chief grounds. Agribank is still a state-owned bank. Its construction is excessively heavy with many old people working here so the service quality is non good. I am a immature individual ; I can non work under a slow engine. One clip, my female parent ‘s card was captured in its ATM. I took my Dendranthema grandifloruom to the publishing subdivision as their ordinance, at 1pm in the afternoon ; all staffs in this subdivision were kiping. We waited until 1.30pm but they were still kiping! We patiently waited until 2pm ; they got up and asked us to wait for the individual in charge of ATM to come with angry attitude. In their front door, there is a stating: Non-stop banking from 7am to 5 autopsy. Finally yet significantly, this bank is really inactive in altering with an purpose to accommodate the new development tendency. While other Bankss are seeking to introduce themselves to function clients like reconstituting to go a retail banking, or equalization…Agribank still remains unchanged. While the web is truly strength of this bank, it still does non concentrate on retail activity, merely rely on undertakings provided by the authorities for rural development. Agribank is excessively lazy in invention and if it does non wake up, it will still be a powerful bank in the market, but like a God male parent of many hundred kgs and can non travel because of weightiness.

APPENDIX 1 – Mention

No.918/NHNN-TTGDNH about web development dated 2/2/2010 hypertext transfer protocol: //www.thuvienphapluat.vn/archive/Cong-van/Cong-van-918-NHNN-TTGSNH-phat-trien-mang-luoi-ngan-hang-thuong-mai-nam-2010-vb101558t3.aspx

hypertext transfer protocol: //vneconomy.vn/20100317044055364p0c6/lai-suat-cho-vay-cao-bat-thuong-chi-la-so-it.htm

hypertext transfer protocol: //www.tin247.com/agribank_tin_dung_tang_thap_nhung_van_keu_thieu_von-3-21622030.html

hypertext transfer protocol: //www.kinhtenongthon.com.vn/Story/xahoi/ktntvoituthien/2010/7/24109.html ( Thứ Hai, 19/07/2010-1:28 PM ) Thanh Vinh

hypertext transfer protocol: //davidpiccione.com/blog/leaders-are-born-not-made/

hypertext transfer protocol: //blogs.computerworld.com/node/3914

hypertext transfer protocol: //www.threestarleadership.com/articles/bornormade.htm

hypertext transfer protocol: //info.agribank.com/Default.aspx? indx=3 & A ; pageid=199

hypertext transfer protocol: //news.gov.vn/Home/Agribank-One-of-VNs-200-top-enterprises/20083/3830.vgp at 07:11, 27 March 2008

hypertext transfer protocol: //www.agribank.com.vn/32/782/about-us/general-information/2010/04/2428/agribank — -the-leading-commercial-bank-in-viet-nam.aspx, updated at 10:29, 12 April 2010