Maldives Transport And Contracting Company Case Study

1237 Words3 Pages

Overview
Maldives Transport and Contracting Company, (MTCC) was incorporated in 1980. The company was established with the objective to contribute towards the development of infrastructure and transport service in the country. Since then MTCC has positioned itself as one of the strongest business entities in the country with a diversified range of products and services, with a work force of over 1090 employees across the country. Today the company offers a diverse range of services such as construction and project management services, logistical operations, modern transport services, engineering and docking service and a plethora of reputed product as, Yanmar and Suzuki marine engines, Hamilton propulsion system, Castrol lubricants, Sigma protective …show more content…

1- Investor Relations: Responsibilities of this department is managing shareholders.
2- Human Resources & Administration Department: All administration and human resources activities of the company shall be monitored and administered under this department.
3- Business Development & Marketing Department
4- Information communication and technology …show more content…

Following are the key designations used to describe Head of Departments.
1- Senior General Manager
2- General Manager
3- Assistant General Manager

Top Management Team (TMT)
A top management team (TMT) is consists of all HoDs and C-suite executive including CEO, CFO and DMD. Top Management Team is collectively and individually responsible for the vision, leadership, and strategy of MTCC, for the delivery of business goals as per the Business Plan and Budget, and for the overall day to day running of the company.
It is the responsibility of the TMT to support the CEO and the DMD in:
1- setting policy and business objectives by assessing risks and opportunities
2- setting strategy and determining delivery mechanisms of objectives
3- monitoring implementation of strategy
4- evaluating performance against business objectives
5- ensuring optimum use of resources
6- promoting the company to stakeholders

TMT Member responsibilities:
1- Support the CEO in the development and delivery of business plan for the company within a performance management

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