Organizational Behavior Essay Example | Topics and Well Written Essays - 750 words - 12

Organizational Behavior - Essay Example Ganesan was on temporary assignment at Kurunegala and was hoping to return to the central office in Colombo. In this case there is no communication about the appointment because the district manager is not aware, and the letter was from the top management. The scenario is depressing because the former manager was not demoted, promoted and neither was he transferred to another branch. In this situation, one feels insecure about the job and is not sure when he/she will lose the position. Insufficent flow of information by the top management and the district manager’s office exhibits lack of efficiency in the organization. As argued by Ferreira, Erasmus & Groenewald (2009), communication is the foundation of all relationships (p.94). The successful organization performance relies on the efficient transfer of details. Communication influences the operations of an organization and affects decision-making. It is, therefore, evident that the bank’s top management viewed Ganesan as the most appropriate individual to take over the position of the branch manager. From his experience of interacting with the community during his field assignments, he possessed a lot of information about what happened in the society. It is easy for him to be cautious when making decisions about loans. According to Taussig (2007), a successful bank manager must have the quality of excellent judgment (p.350). He/she must be able to make a good judge of businesses, as well as people . As the branch manager, I would establish the most efficient mode of communication. The Colombo National Bank did not have modern means of communication that contributed to a lot of time wastage. The organization needs a well-defined communication network that will enable communication and information to flow to the target group. The bank comprises of various people integrating internally and externally. Therefore, it is paramount to

Trace the historical deveopment of payment systems from cash to Research Paper

Trace the historical deveopment of payment systems from cash to negotiable instruments to electonic funds transfer and debit cards - Research Paper Example s related to payment systems for the business transactions (Economy Watch, â€Å"Global Economy†) In this regard, organizations and inhabitants are able to undertake the operations nationally as well as in a global context with better efficiency and effectiveness. The transactions include transfer of goods and/or services, investment and fund among others. Thus, in the modern day context numerous transactions take place on a daily basis. These transactions deal with acquisition of financial assets, goods and other services. In this regards, a well defined payment system significantly aids to recognize as an important function in order to eliminate the fictions in the trading environment (BSP, â€Å"What is a payment system?†). Payment system comprises of various instruments, banking procedures along with the interbank transfer of funds to regulate the transfer of funds both nationally and internationally environment. Banking transaction between the parties is an important medium in the developed economy for making payments. Besides, the payment system is an important part of the economic and financial infrastructure. The effective functioning of the payment system enables the transaction to be completed safely and within the time. Moreover, the payment system is highly affected due to the high exposure of risk to the parties to the contract. Thus, the consideration of the proper security measure in order to control the feature of payment system is also very important to mitigate the risk related to it (CPSS 431-449) Correspondingly, the payment system allows the buyers and sellers to complete the transaction in very safe and timely manner in electronic forms. In this regard, it can also be affirmed that t he payment system is the key determinant of financial markets to settle the trading agreements that include government securities, stocks, foreign exchange, commercial paper and bonds among others. Likewise, there are various risks attached to the payment system