Question

Select a company where you would like to work one day. Using online research, determine if the company has a functional, divisional, matrix, international, team, virtual, or learning organization. Do you believe that its organizational structure is consistent with the organization's mission? Do you think that the organizational structure is well suited to your working style and preferences?

Answer 1

The company i select to work for a day will be National Stock Exchange of India (NSE). After doing an online study i came to know that NSE achieved a leadership status across asset classes in India and has also been recognized globally demonstrating the liquidity of the ecxhange. The organization has been declared as world largest derivative exchange suggesting the hard work of the stakeholders to raise the organization to such high level.

NSE has more market share than its competitor Bombay Stock Exchange (BSE) in terms of trading volume and market participants. NSE is being backed by some public institutions and is planiing to get listed its shares on BSE.

There are different functional teams of NSE which are recognized as Associate/Affiliate companies like NSE Academy Limited which imparts educaton not only to existing brokers but also to all potential candidates linked directly or indirectly to the economy of the country. Different courses on Equities, Fixed Income, Derivatives, Clearing Settlement & Mechanism etc are being offered which are of great significance. To be a registered broker on the exchange one has to enroll for different certificates being offered by NSE.

Like NSE Academy Limited the other divisons of NSE are:

• NSE Clearing
• NSE Data & Analytics
• NSE Indices
• NSE Investments
• NSE Foundations
• NSE International Clearing
• NSE International Exchange
• NSEIT
• NSE Infotech  

The above are the divsions of NSE. I will explain a brief on the above divsions.

NSE Clearing- As the name suggest it looks after the clearing settlement in the derivatives transactions. The clearing corporation ensures that trades do take place without any counterparty risk. It acts in between the two parties (Buyer & Seller). Without a clearing body there is a high probability of credit and counterparty risk.It helps in mitigating those risks.

NSE Data & Analytics- The team is involved in maintaining the data required for NSE Indices team to do the Fixed Income Valuation and Rebalancing of Equity Indices. The team works on all the public data to estimate which securities should be considered for the next round of rebalancing of the indices traded on the exchange platform. Every time some securities are added into the indices while there are some securities which fail to be considered as a part of the indices.

NSE Indices- The team decides the criteria for any asset class selection into the index or removal of any security.They are also invilved in designing a new index and the appropriate criteria for any security to be a part of this index.

NSE Investments- Every company makes investments either in capital expenditure for future growth plans or investments in different asset classes being traded in market for secondary income. This team team does the latter. They invest into different asset classes on behalf of the organization for its secondary income apart from Broking & Trading cost.

NSE Foundation- The team is involved into Corporate Social Responsibility (CSR) activities like educating the children of poor people who can't afford their kids for education, rain water harvesting etc.

NSE International Clearing- It is a subsidiary of NSE Clearing dealing in clearing settlement of all trades that takes place in international exchange in Gujarat International Finance Tech City (GIFT).

NSE International Exchange- The team is successful in establishing an international exchange in Gujarat International Finance Tech City (GIFT) - International Financial Service Centre to attract capital in India. Stock exchanges operating in GIFT city will trade in securities in any currencies other than country's domestic currency.

NSEIT- It offers technology consultant and development solutions for Indian financial market especially for registered brokers, financial institutions etc.

NSE Infotech- The success of NSE relies on technology and this subsidiary of NSE is completely focused to take the organization to higher levels with better technology siolutions and technology infrastructure.In the era of digitalization technology is the backbone of every organization success.

As stated above this are the divsions of NSE focussed into learning, virtual trade setup, international transactions etc.

Apart from this there are some core functional team also in NSE which are Finance, HR, Marketing and Operation team. Finace team looks into the financial reporting of the organization and employee's pay structure. Marketing team are more involved into branding NSE as the desired platform for companies to raise capital in the form of Equity, Debt etc. Operation team helps in storing all the relevant information and creating a back up of everything. HR looks into the recruitment process.

Yes, the organizational structure is consistent with its mission and vision of improving the financial well- being of people and to be a leader and facilitate the financial well being of people. NSE strives to Integrity, Trust of people, Excellance, Respectfor individual and team work. Their functional team along with divisions ensure the above.

Yes, the organization is well suited to my working style and preference for Indian Financial market.