Organizational structure Essay Example | Topics and Well Written Essays - 1000 words

Organizational structure - Essay Example Therefore, organizational structure is beneficial to organizations because it guides the delegation of organizational power, roles and responsibilities. In addition, it monitors and controls the flow of information among different management levels within an organization (Cassia, Paleari & Redondi, 2005). Most organizations base structures on objectives and approaches for attaining them. For example, the top management individuals in an organization make decisions, and there is strict control within dissimilar departments in an organization. Finally, organizations should create appropriate organizational structures, since such models unite and direct employees (Cassia, Paleari & Redondi, 2005). â€Å"Describe the organizational structure of your selected organization, compare and contrast that structure with two different organizational structures† In this research, I will discuss the organizational structure of International Monetary Fund (IMF) organization. IMF is an inter-g overnmental entity that offers policy advices and finances to members facing economic problems. It also collaborates with upcoming nations to assist them attain macroeconomic benefits to lessen poverty levels. IMF activities initiated in 1945 and presently, it associates with 185 countries. The organizational structure of IMF has a governing body that consists of the Board of Governors. Every member state has a Board of Governors that is led by a governor, who most of the time is a country’s finance minister or the central bank. Additionally, the organization has an executive facet that is composed of 24 elected and appointed executive directors. The executive board performs business operations in the organization (Hawkin, 2006). The board of governors performs its duties through two committees, which include the â€Å"International Monetary and Financial Committee† together with the â€Å"Development Committee†. These committees specialize in advising staffs an d reporting different functions to the board of governors (Hawkin, 2006). They also monitor the processes involved in the administration and adaption of international monetary and fiscal systems. The organization entails a collaborative committee with The Board of Governor members’ from World Bank and IMF who controls development processes. These include allotment of resources to upcoming countries. Importantly, the IMF has a managing director who supervises and chairs the executive board (Hawkin, 2006). The IMF Board of Governors has all organizational powers, which are applicable to all constituents in 185 countries. Each representative state has one principle governor and another alternative governor, who controls the organization when the principle governor is absent. The organization has an executive board with 24 directors who supervise general funds within IMF as delegated by the Board of Governors. The regions with leading quotas appoint five directors of the executiv e board and other regional groups appoint the remaining 19 directors. The chief administrator the IMF is the presiding officer of Executive board. The executive board of IMF elects the managing director whose responsibility is to carry out regular businesses within the organization. Furthermore, she chairs executive director’s meetings for 5 years. The IMF consists of 2,650 personnel in 185 countries (Hawkin, 2006). Initially, I will evaluate and contrast the organizational structure of IMF and Google

Financial Hedging and Its Instruments Research Paper

Financial Hedging and Its Instruments - Research Paper Example This report evaluates the financial instruments in light of the risk management system of three different companies. A personal view has been given after the analysis part. However, there have been certain constraints while conducting the analysis, as companies do not prefer to reveal much about their positions in hedging instruments. The financial crisis of the 1990s created enormous disruption and imposed huge costs of lost output in a number of emerging market economies. The crisis was particularly painful as local organisations had to face large exchange rate or interest rate risk with insufficient hedging possibilities. At this time, as the market was quite illiquid, even the massive undervaluation of assets was unable to attract foreign investors. This was the consequence of the companies’ inability to hedge certain types of market risks. As a consequence, the prospective benefits of global financial market integration were not fully exploited. However, over the past few years, the markets for hedging have expanded in size and scope. The establishment of bond and spot foreign exchange markets and derivative products has helped to enhance the hedging processes. The ever-growing significance of the hedging instruments has been established by the fact that trading activities in the futures market on cash instruments have been larger than the conducts in the underlying cash market. These days a number of instruments have been used to hedge the assets and commodity price risks. However, the fundamental structures of these instruments are kept almost same across all financial markets (Mathieson, â€Å"Development of Market Based Hedging Instruments†). Many organisations buy insurance against a wide range of hazards on their assets. By purchasing insurance, the companies pass on the risk to the insurance company; this is done for a certain amount of insurance premium. However, the risks, covered by these kinds of financial instruments, have less probability of occurrence as compared to other financial risks.  Ã‚