Planning and Ethics :: essays research papers

AIM Investments is a mutual fund company that is located in Houston’s Greenway Plaza. Founded by Ted Bauer in 1976, the company has grown from a handful of investors and employees to one of the leading fund companies in the United States with over 2000 employees. This paper will describe the organization’s structure, the communication processes within the organization, and suggestions for solving communication problems. AIM’s organizational structure, as a whole, appears to be dominantly based on the Classical approach. Its strong structure, division of labor and vertical hierarchy are clearly visible in its printed organizational charts. At the peak of the company’s hierarchy is the parent company, AIM Management Group Inc., which is the holding company. The five operating subsidiaries- AIM Advisors Inc., AIM Capital Management Inc., AIM Distributors Inc., Fund Management Company, and AIM Fund Services -horizontally fall below the parent company. Within AIM’s transfer agent subsidiary, AIM Fund Services, there are eight departments. Direct Support Services, Dealer Support Services, Quality Support Services, EPIC, Cash Management/Retail Alliance, Client Services, Correspondence and Retirement Support Services have different, but equal responsibilities within AIM Fund Services. AIM Funds Services does not stray from the vertical hierarchy. At the top of the AIM Fund Services orga nizational chart is the president of the subsidiary, to whom the vice presidents of each department report. Our focus will be within Retirement Support Services. Retirement Support Services’ organizational chart does not differ much from the other subsidiaries. The department is made up of six groups; Automation, Listbills, Transfer of Assets/ Rollover, Surgical Strike, Technical Resources and Processing. Each group, headed by an assistant vice president or manager, has from one to four teams. A team consists of 7 to 12 representatives, ranging in levels from II to V, who report to an assistant supervisor and supervisor. The supervisors have direct formal lines of communication with the manager or assistant vice president. Management attends several meetings weekly to discuss uniformity in policies and procedures and to ensure unity of command. Each team member in every group has formal written job duties and descriptions of policies and procedures. Policies and procedures for processing specific types of requests along with job duties for each level of employee are clearly written on the company’s intranet for all employees to access. Retirement Support Services is a very-task oriented environment. The overall responsibilities of the group emphasize task accuracy and efficiency. Planning and Ethics :: essays research papers AIM Investments is a mutual fund company that is located in Houston’s Greenway Plaza. Founded by Ted Bauer in 1976, the company has grown from a handful of investors and employees to one of the leading fund companies in the United States with over 2000 employees. This paper will describe the organization’s structure, the communication processes within the organization, and suggestions for solving communication problems. AIM’s organizational structure, as a whole, appears to be dominantly based on the Classical approach. Its strong structure, division of labor and vertical hierarchy are clearly visible in its printed organizational charts. At the peak of the company’s hierarchy is the parent company, AIM Management Group Inc., which is the holding company. The five operating subsidiaries- AIM Advisors Inc., AIM Capital Management Inc., AIM Distributors Inc., Fund Management Company, and AIM Fund Services -horizontally fall below the parent company. Within AIM’s transfer agent subsidiary, AIM Fund Services, there are eight departments. Direct Support Services, Dealer Support Services, Quality Support Services, EPIC, Cash Management/Retail Alliance, Client Services, Correspondence and Retirement Support Services have different, but equal responsibilities within AIM Fund Services. AIM Funds Services does not stray from the vertical hierarchy. At the top of the AIM Fund Services orga nizational chart is the president of the subsidiary, to whom the vice presidents of each department report. Our focus will be within Retirement Support Services. Retirement Support Services’ organizational chart does not differ much from the other subsidiaries. The department is made up of six groups; Automation, Listbills, Transfer of Assets/ Rollover, Surgical Strike, Technical Resources and Processing. Each group, headed by an assistant vice president or manager, has from one to four teams. A team consists of 7 to 12 representatives, ranging in levels from II to V, who report to an assistant supervisor and supervisor. The supervisors have direct formal lines of communication with the manager or assistant vice president. Management attends several meetings weekly to discuss uniformity in policies and procedures and to ensure unity of command. Each team member in every group has formal written job duties and descriptions of policies and procedures. Policies and procedures for processing specific types of requests along with job duties for each level of employee are clearly written on the company’s intranet for all employees to access. Retirement Support Services is a very-task oriented environment. The overall responsibilities of the group emphasize task accuracy and efficiency.