Introduction Of Vodafone Company

Introduction Of Vodafone Company Vodafone Company has a long way since them making the first ever mobile call on 1 January 1985. Today Company operating with more than 371 million customers around the world. A small mobile operator in Newbury has grown as a global business and the seventh most valuable brand in the world. Now run its operation in more than 30 countries and partner with networks in over 40 more. C:UsersuserDesktop7.jpg In this connected world, its no longer just about being able to talk and text. Vodafone network allows people to share their images and videos as soon as theyre captured. In 1991 Vodafone company made worlds first international mobile roaming call, and very recently introduced Vodafone Money Transfer which allows emerging market customers to send and receive money safely and easily using their mobile phone. 1.0.1-Mission We will be the communications leader in an increasingly connected world 1.0.2-Vision Unleash the power of Vodafone to transform societies and enable sustainable living for all 1.1-Introduction of Lanka Bell Lanka Bell is a world class Telecommunication operator that provides best quality service to businesses and its residential customers. Lanka Bell was started in 1997 within an investment of over US $ 150 million. C:UsersuserDesktopla.jpg 1.1.1-Vision Be Sri Lankas premier Next generation communication Information Solution Provider 1.1.2-Mission To provide innovative next generation technological solution by identifying and meeting customers need better than any other industry player, while maximizing the growth of our business for the benefit of our stake holders Organization structure of Vodafone Company Group CEO Chief of staffs Internal Communication Board of Directors Europe Group External Affairs Group Legal Group HR Group Finance Group Techno-logy Group Comm-ercial Strategy Business Develop-ment Africa, Middle East Asia Pacific A Departm-ent for each Country A Departm-ent for each Country Structure of Vodafone Company Matrix structure is a type of management system that workers report more than one person, effectively having more than one supervisor at the same time. As the structure of Vodafone Company they follow matrix structure. Read more: How to Define Matrix Structure | eHow.com http://www.ehow.com/how_4423113_define-matrix-structure.html#ixzz25WQ3YFvr Some features of Matrix Structure This structure allows focusing on their areas of expertise for the supervisors. And functional supervisors could focus on hiring, training and managing employees in their field and project supervisors can focus on achieve the goals of specific projects or products. Allows employees from different departments to come together temporarily to work on special project team. Provides flexibility to respond quickly to a customer need by creating a team of people who devote all of their time to a project then return to their departments or join a new project team. Culture As a Vodafone Company they following Task culture, task culture works as selecting a team to complete a particular task. This is one of the effective ways in todays modern business world to complete a task to date. There are benefits: They can make decisions within team members They feel valued because they selected within the team They have full responsibility to bring the task successful end Team members feel motivated because they are empowered to make decisions. http://www.learnmanagement2.com/culture.htm Organization structure of Lanka Bell Board of Directors Managing Director Other Staffs Laborers Senior Staffs General Manager-Information Technology Deputy General Manager-Credit control General Manager- Enterprise International Business General Manager- Technical Operations General Manager-Admin Logistics General Manager- Legal Structure of Lanka Bell Assumption Its an assumption that Lanka Bell is using Functional structure. Lanka Bell structure is based on Functional structure. This is one of the most common structures using within the company, this structure consists of units and departmental groups identified by specialty. Such as engineering, marketing, finance, sales and human resources that are controlled by the top level of management. Some advantages of Functional structure Specialization- each department focuses on its own work Accountability- someone is responsible for the section Clarity- know your and others roles Easy to focus on single product or service Creates teamwork Creates a career ladder Read more: The Functional Structure of an Organization | eHow.com http://www.ehow.com/about_6134117_functional-structure-organization.html#ixzz25cK37j32 Culture Lanka Bell culture is based on power culture. In power culture is influenced by key people. In this type of culture all the decisions are made by key people in the organization. Hence, manger is the person who will take the decisions. To adopt this culture its important all the employees need to make good relation with each other. In another hand mangers and senior management never consult form employees while taking decisions. This end up most that employees get de-motivated because, of not consulting. Relationship between an organizations structure and culture can have on their performance of Vodafone Lanka Bell. Organizational culture and structure have a dependent relationship with one another. And these are one of the most important elements that need to successfully run the organization. Organizational structure is the way in which arranges management of the company and power lines. As based on Vodafone and Lanka Bells structure and culture, it has difference between two companies. Vodafone uses Matrix structure and task culture, and Lanka Bell uses Functional structure and power culture. Strength of structure and culture of Vodafone Company Maximizes co-operation and communication among team members. Freedom and autonomy to take responsibility for their work activities. Having opportunity to achieve companys goals as a team. Strength of structure and culture of Lanka Bell Company Each and every staff has specific task to complete Every staffs are specialize for their role It will be easy to take decision http://www.wisegeek.com/what-is-the-relationship-between-organizational-structure-and-organizational-culture.htm How organization theory underpins the practice of management Organizational theory used in many aspects of a working business. In every organization, many staffs they believe the theory help them become better on their jobs and more successful in their life. Although this may lead them having to sacrifice some of their main beliefs in order to succeed. One example of organizational theory in the financial sector would be an employee or manager who wants to know how to achieve goals by having a set structure to follow. In addition someone in a human resources sector will have to make decisions throughout their working day that will definitely change the structure and practice of a working day for all other staff in the company. http://management.blurtit.com/q7346416.html Different approaches to management used by the Vodafone and Lanka Bell. Human Relations Approach. Human relation approach has been followed by both companies. Lanka Bell and Vodafone. Professor Elton Mayos (1880-1949) research, human interaction or group relationships effects the productivity and it increase the motivation of the employees. So as far as this approach concerns Vodafone allows more human interaction as they practice little bit of team approach within the company, also their department have coordination. However, Lanka Bell human interact is limit to some extent as they have divided into separate division. Each division will work separately to achieve its target, more often divisions may deviate from the organizational goals as they work as separate divisions. System Approach Section:2 Different Leadership styles in Vodafone and lanka bell Assumption Its an assumption that Vodafone is using democratic leadership and Lanka Bell is used in Autocratic leadership style. Democratic Leadership According to Vodafone Companys information it shows that the company is following democratic leadership style. In democratic leadership style manager will never take a decision without consulting to subordinates. This means that employees get a chance to express their ideas to the management level. Democratic leader ship also helps employees to share their ideas among the team. While team member will feel good in the working environment, as they will also looking benefits this leader ship style also can lead for better ideas and knowledge. Leads to higher productivity among group members. Autocratic leadership style The leadership style used in Lanka Bell is Autocratic and this not a modern style. As autocratic style manager retains more power as well as decision making authority. In this style staffs they do not have their role in decision making and they are not allowed to give input. So this style is not good for work as a team. And this is one of the best leadership style that can use in situation where control is necessary. Section:2 Significant technological breakthrough has taken place last week that affects both Vodafone and Lanka Bell and also the industry as a whole. Discuss the impact that different leadership style may have on motivation of employees of Vodafone and Lanka Bell in this circumstance. This is an assumption that 3D mobile phone has been introduced. Last week apple has been introduced Glasses-free 3D I phone to the market. And this is the first 3D mobile phone that could use without glasses. So many of the mobile service provider in the world are planning to upgrade their network for the new technology, includes Vodafone and Lanka Bell. Vodafone Company As the Vodafone Company they are using democratic leadership, so their staffs are having wide participation in decision making and it is not a difficult for the management of Vodafone to get new idea from the staffs. As a result of democratic leadership style: It increase staffs motivation and commitment to the decision made It helps employees strengthen their professional development by participating in dialogues. And also it helps to improve job satisfaction. By having group discussions which can offer useful ideas. And management put trust in employees and they encourage them to make decisions. So it will be easy to motivate staffs through democratic style. http://www.skills2lead.com/democratic-leadership-style.html Lanka Bell Company As the Lanka Bell Company, they are using autocratic leadership style. So its not easy to motivate their staffs as compare the democratic style. Because Company decisions are taking by management level and there are no involvements of company staffs. In autocratic leadership style: In autocratic leadership, staffs participation is limited in most aspects of work. And also they have no particular responsibilities so it will be difficult to motivate Lanka Bell staffs in breakthroughs like this. Staffs that working middle management and lower management should follow the decisions taking by manager or Ceo. One of the main features of autocratic style is Managers or senior staffs do not trust staffs, and simply they give orders that they expected to be obey. So staffs feel that they do not have independent working environment. Because of this management faces difficulties to motivate the staffs. Section-3 Apply different motivational theories within the workplace of Lanka Bell and compare them Maslows Hierarchy of Needs As Maslows theory every human must need five basic needs, it include; physiological needs, safety need, love or social needs, esteem needs and self- actualization. If Maslows theory applies in Lanka Bells lower level workers could be motivated by having them their basic needs such as; salary. If the company offers good salary workers would show their maximum. And also its very important to provide security like insurance and retirement benefits. To motivate workers there are some other factors that can affect social needs, status needs and self-fulfillment needs. Frederick Herzbergs Two factors theory Frederick Herzbergs theory is depends on main two factors, that is Motivational factors (need for personal growth) and Hygiene factors (need to avoid unpleasantness). As Lanka Bell they have applied motivational factors as that their employees by having challenging tasks and by recognizing staffs achievements. And also by having good salary and providing very well working environment. Comparison of two theories As Maslows theory it is based on the hierarchy of human needs and identified five (physiological needs, safety need, love or social needs, esteem needs and self- actualization) priority basis and their satisfaction in motivating employees. But according to Hertzberg theory he refers hygiene and motivating factors in his theory. Hygiene factors are dissatisfiers while motivating factors motivate subordinates. And it is not included hierarchical arrangements. Motivation theory for managers of Lanka Bell, and evaluate it usefulness in carrying out their job responsibilities effectively After the research did for identify the best motivation theory for the Managers of Lanka Bell Company, it shows one of the best and effective theory for every one (workers and Managers) is Frederick Herzbergs two factor theory. It includes; Hygiene factors Motivators Hygiene factors As the workers, there are some factors that should be fulfilled for the managers better than subordinates. Such as salary, job security and working conditions. By offering good salary and other benefits to the managers they would motivate employees to work hard and they would feel they are one of the most important assets of the Company. Motivators As Herzberg theory there are important factors (motivating factors) act as forces of job satisfaction. With these factors it makes managers and staffs happy with their jobs because they serve mans basic needs for psychological growth. In Herzberg theory these factors are five and are called motivators. Motivating factors are Achievement Recognition for Accomplishment Increased Responsibility Opportunity for growth and Development Creative and Challenging work

Case Solution

Problems Q. 1 Consider a five-year coupon bond with a face value of $1000 paying an annual coupon of 15%. (i) If the current market yield is 8%, what is the bond’s price? (ii) If the current market yield increases by 1% what is the bond’s new price? (iii) Using your answers to part (i) and (ii) , what is percentage change in the bond’s price as a result of 1% increase in interest rates. Q. 2 Consider the following FI balance sheet: M. Match Ltd Assets| Liabilities| –year Treasury bond $175,000| 1-year CD$135,000| 15-year corporate bond$165,000| 5-year deposit$160,000| Notes: All securities are selling at par (equal to book value). The two-year Treasury bonds yield 5%; the 15-year corporate bonds yield 9%; the one-year CD issue pays 4. 5% and the five-year deposit pays 8%. Assume that all instruments have annual coupon payments. (a) What is the value of M. Match Ltd’s equity? (b) What is the weighted average maturity of FI’s assets? (c) What i s the weighted average maturity of FI’s liabilities? d) What is the FI’s maturity gap? (e) What does your answer to part (d) imply about the interest rate risk exposure of M. Match Ltd? (f) Calculate the values of all four securities on M. Match Ltd’s balance sheet if all interest rates increase by 2%. (g) What is the impact on the equity of M. Match Ltd? Calculate the percentage change in the value of equity. (h) What would be the impact on M. Match Ltd’s risk exposure if its liabilities paid semi-annually as opposed to annually? Q. An insurance company issues a $100,000 one-year bond paying 7% annually in order to finance the acquisition of a $100,000 one-year corporate loan paying 9 % semi-annually. (a) What is the insurance company’s maturity gap? What does the maturity model state about interest rate risk exposure given the insurance company’s maturity gap? (b) Immediately after the insurance company makes these investments, all interes t rates increase by 3%. What is the impact on the asset cash flows? What is the impact on the liability cash flows?

Social Construction And Its Impact On Society Essay

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However, it is essential to comprehend that, throughout mass media, individuals commonly referred to as â€Å"media gatekeepers† now present the collective societal groups in an inaccurate depiction. Although these societal groups are presented throughout multiple arrays in society, it is through the immediate proliferation of mass media and the inaccurate depictions created by the media gatekeepers that ultimately contributes to the common stereotypes found for these individuals. Thus, the depictions created by mass media targets the common stereotypical â€Å"fallacies† of a group’s specific characteristics, such as gender and r ace, and uses it in order to manipulate the perceptions ofShow MoreRelatedSocial Construction And Its Impact On Society Essay1578 Words   |  7 PagesSocial construction Social construction is when words, identities and concepts are socially and historically constructed in a society. 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Wedding Speech - Original Writing - 1968 Words

There was a loud pounding on the door, a dish slipped from my mother’s hand and fell with a crash. Loud, angry Turkish voice rang throughout the cool evening air. Many years later, Anahit, watched as her mother backed slowly out of her Grandma drive way, she stayed two weeks each Summer for the last four years but now she was a young lady of twelve and felt that she was getting to old to stay with Grandma and want to stay at home to play with her friends. Anoush her Grandmother swung open the door, before Anahit had even knocked, she reached out and gave her a big warm hug and welcomed her. â€Å"I have made your favorite treat, Baklava.† Anahit smiled and remembered how delicious and fun it was to stay at Grandmas as she stepped inside the kitchen. They both sat down and talked about what had happened since they have last seen each other, after a while Grandma mentioned that she had been cleaning her attic. Anahit’s green eyes sparkled and she exclaimed â€Å"I love to look at the old photographs in the attic†. While cleaning, Anahit finds a small old locked box, her Grandmother gently takes the box and places it on antique dresser near the stairs. Anahit asked her grandmother â€Å"Grandma what is in the box? Grandma Anoush said â€Å"not today, I will tell you the story someday maybe when you are a little bit older† Anahit told her Grandmother she was hungry. Anoush said why don’t we go downstairs and have a few ruben sandwiches. Anoush and Anahit sat in the kitchen thenShow MoreRelatedWedding Speech - Original Writing1232 Words   |  5 PagesI skipped through the gardens, my large eyes darting back and forth at all the new things I had never seen before. It was a big move, from a constant summer state to one with all seasons. There were different plants and animals and I intended to find them all. I lift up my skirt, making sure the hem doesn t become dirty. 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It s not like I didn t come to that suddenRead MoreWedding Speech - Original Writing2575 Words   |  11 Pageseager for her wedding day. As she drinks water to get rid of the bitter taste she had in her mouth she thinks, â€Å"Is all this really worth it?† Did part of her and her groom’s life savings really have to be spent on a party? She asked herself is she was nervous about the wedding, excited about this new stage in her life, or was she uneasy of all the money that was spent. She shook her head trying to stop overthinking and continued to get ready. Introduction We all know that a wedding is a ceremony