Assignment Example Introduction An organization can be analysed through various perspectives ranging from bureaucratic, contingency, cultural and political perspectives. Organization bureaucracy is witnessed both in private and public organizations depending on their structure and the culture. The system of bureaucracy is evident in DHL and it from part of the management structure and culture since it is a big firm with lots of activities carried on daily basis. Organizational culture can be considered as the basis for administration since each organization as its own set of rules that determine its behaviour. Every organization has their own unique cultures that are applied in their daily applications to achieve their aims and objectives. A proper organizational structure ensures that there is a smooth coordination and supervision of activities within the organization that hasten the performance of the organization (Spencern, 2010). The structure also acts as the foundation in which the standard operational procedures and routines are managed and determines which individuals participate in the decision making process. What is an organization? An organization is a mechanism for coordination actions of people in order to obtain something they desire by creating value .The vision of the company is to be a logistic company in the world, in their mission statement the company strives to simplify the life of customers and to make customers, employees and investor more successful. They make a positive contribution to the people around the by demonstrating utmost respect while achieving results (DHL, 2013b). The headquarters for DHL UAE is strategically located in Dubai since it is a world premier transhipment hub of the Middle East. The trade link amongst China and the Middle East increased to 190 billion dollars in 2010 and DHL is enjoying being part of the shipment and other related logistics. This paper analyses DHL Company in terms of contingency, cultural, bureaucracy and political perspective in order to understand their operations fully. What is the importance of the organization? The importance of the organization is to increase specialization and division of labour while using large-scale technology and proper external environment management. DHL in the UAE is a subsidiary of DHL worldwide express, a fast growing company in the enormous growth that is expected to continue in the near future (DHL, 2013c). The HR Department in collaboration with other departments is responsible for recruiting all the employees drawn from various backgrounds to provide the division of labour needed by the company. Administration and compensation benefits are the fastest growing areas of the HR department in the UAE Company. The salaries are being streamlined to match the regional standards of the company in order to minimize spending. The medical benefits, the employee leave, car allowance that was previously administered in ad-hoc basis are now formalized to bring them to regional guidelines. What is organization theory? This is the study of how organizations functions and how they affect and are in turn affected by the environment in which they operate. The requirements of organization theory are that managers select and manage aspects of structure and culture of the company in
12/13/2019 0 Comments
Financial planning cover letter - Essay Example
Your current debts include your truck loan of $25,000, car loan of $18,000, credit card balances of $2,100 and student loan balances of $8,000. Considering your cash inflow and expenses it is possible to repay all the debts in a period of four years by paying $112.74 instead of the current $91.92 in Mikeâ€™s Student loan, $67.64 instead of the current $55.15 on Debbieâ€™s student loan, paying 64.08 instead of the minimum $58.63 on the credit cards and maintaining the current payments on the truck and car monthly payments. To repay the debts in 4 years you will have to pay a total of $1243.50 per month.
Considering the minimum debt payment rates, you are currently incurring a cost of $1243.50 per month given the high interest rates on your debts, that is, 4% on student loans, 19% on both credit cards, 6.5% on the truck loan and 9.5% on the car loan. A consolidated loan would have a lower interest rate and would cost you $1,245.53 per month and hence result in a $38.53 savings per month and hence it would be advisable to take the consolidated loan and pay for all your debts since this will enable you save more money. It will also cost you less in 4 years paying for the loan as compared to your current debts.
Another strategy in meeting your goals will be to reduce your expenses on Internet, clothing, entertainment, restaurant, and miscellaneous expenses. From the revised cashflow you can easily see the new recommended rates on the above expenses where savings of; $250 are made on clothes, $425 on entertainment, $105 on restaurant and $175.42 on miscellaneous expenses resulting to $955.42 savings per month.
The new debt payments system and the savings on expenses will enable you meet your goal of paying RESP for your son amounting to $210, save $400, Pay a life insurance policy of $250, and pay an emergency fund of $156.39 monthly.
I therefore gladly inform you that it is possible to meet your financial goals, of paying your existing
Write something about yourself. No need to be fancy, just an overview.