Dear Alim,
In my training programme, one of the participants shared following experience:
In one of the companies, once MD told to his GM (Finance) to withdraw Rs 35,00,000/- from the bank. The company had bank accounts in two banks and this being MD’s requirement, GM (Finance) wanted to be doubly conscious. He sent two persons, one to each bank and told each one to withdraw Rs 35, 00,000/- Later when MD came to know that instead of Rs 35,00,000/-, Rs 70,00,000/- were withdrawn, he got wild and gave dressing down to GM (Finance) in Managers’ meeting. He was concerned with the wastage of man-hours, conveyance allowance and above all, the risk involved while withdrawing big amount. He even called GM (Finance) as “joker” also.
Comments: - There was nothing wrong in sending two persons in two different banks. GM (Finance) wanted to be doubly conscious. In case if one bank lets down in disbursing the money, he wanted to make a standby arrangement. The person at another bank should have withdrawn the amount only if the person at first bank did not get the amount. Since this instruction was not given to second person, he also withdrew the money. This non-communication from GM (Finance) created the whole confusion.
Ok...
Dinesh V Divekar