Principles of Management for Non Business : Assignment

Running head: PRINCIPLES OF MANAGEMENT FOR NON BUSINESS
Principles of Management for Non Business
Name of the Student:
Name of the University:
Author Note:

1PRINCIPLES OF MANAGEMENT FOR NON BUSINESS
Contents
Introduction to MayBank.................................................................................................................2
Explanation of the organizational structure.....................................................................................4
Explanation on how planning, organizing, leading as well as controlling (PLOC) contributes to
the success/ failure of Maybank......................................................................................................5
Recommendation on how the management of Maybank can improve the growth of the company
.......................................................................................................................................................10
Conclusion.....................................................................................................................................11
References......................................................................................................................................12

2PRINCIPLES OF MANAGEMENT FOR NON BUSINESS
Introduction to MayBank
Maybank is one of the largest bank of Malaysia by total capital assets as well as
capitalization. It is ranked 95th in the list of top 1000 world bank among the bankers in 2015.
Moreover, it is ranked 362 among Forbes Global 2000 Leading Companies. It can be said that
Maybank is one of the largest public sector bank that is listed on Bursa Malaysia and the
Malaysian stock market. The bank has an international network of 2400 branches and it has more
than 20 offices in more than 20 countries. The main aim of the company is to humanize the
financial services by having a proper pricing and other fair policies, advising the customers on
the basis of their needs and experiences, providing people with better access to financial services
and helping the people of the community. The vision of the company is to help in the
advancement of the Asian countries. The new logo of the bank represented the refreshed
corporate identity of the bank and thus it indicates that people must be considered close to their
heart. It also indicated that a noble and majestic rendition of the tiger will help to demonstrate the
leadership and strength of the bank in the entire region. The bank operates corporate banking as
well as business banking and it has more than 2500 automated teller machines in different
countries (Maybank, 2018).
In 1990, Maybank has taken advantage of the new Malaysian offshore banking Act that
has been passed in that particular year and this will help to set the new operation processes. The
company has also tried to set up a series of new subsidiaries and this included Maybank
International Ltd. that offers personalized as well as confidential banking services in different
countries. The bank has also tried to develop its insurance market and thus launched the
Maybank General Assurance Bhd. In the later half of 1990s, it began to give better effort for

3PRINCIPLES OF MANAGEMENT FOR NON BUSINESS
increasing its presence in other Southeast Asian regions. It has set up its subsidiaries in different
countries and thus opened new branches in different locations. Maybank has captured a small
market during that that period and there are three branch offices in different states. It has also
entered Philippines in 1997 after the government of Philippines has passed the legislation act
allowing the foreign banks to capture or gain majority power in the organization. There were
mergers with different banks and thus this has allowed Maybank to maintain its position with the
other top banking group.
It can be said that Maybank is considered to be the first bank that has entered the Chinese
mainland and thus open up their branch respectively in Shanghai. In the later half of 2000, it has
laid out a strategy to establish the bank to be one of the leading player in the ASEAN market
(Maybank, 2018). This has also allowed the bank to enter into other markets and thus break the
regional economic barrier of these country. Moreover, Maybank is also trying to enter into other
areas of financial services with the setup of Mayban Takaful Bhd. This paper will highlight the
organizational structure of Maybank and it will also discuss the organization, planning, leading
and controlling that will help in the contribution and development of Maybank. Further,
recommendations are also provided on how the management will try to improve the growth of
the company.