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

Show More
Related

  • U. S. Postal Service

    1092 Words  | 3 Pages

    Another word for human resource is Personnel. This department (like human resources) performs the same duties, technical staff work. Knowledge of postal policies, procedures, and regulations related to processing personnel actions (hiring, firing, administrative leave).Employees rely on the human resource department to have information related to the employees benefit programs on health insurance, life insurance, and retirement. Forms are needed for each subject and in some cases, knowledge on how to fill out the forms are needed (vacancy announcement, 2008).

    Read More

  • Swot Analysis Of Arm And Hammer

    1435 Words  | 3 Pages

    The company has owned experienced and efficient management that are working for a number of years and plays an active role in strategy formulation and execution that are in the best interest of Church and Dwight and the company’s management is dedicated to the growth and expansion of the company.

    Read More

  • Human Resources Roles And Responsibilities at UPS

    1199 Words  | 3 Pages

    To define roles of UPS Human Resources organization, the roles represent the interests of UPS administration by actively serving as a leaders with the organizational workforce, consultant, resource, and departmental authority on human resource policies, processes, programs, and transactions with support and guidance from management, division and Central Human Resources; to support a humane and supportive work environment consistent with the UPS mission and foundation values. In other words, UPS Human resources enforce the policies that the administration establishes and makes sure the policies are interpreted equally and fairly. The Human Resources Department at UPS incorporates several different roles and responsibilities which are; employment training and development, health and safety, regulatory compliance, employee information management, and community relations (Morgan).

    Read More

  • Case Study Autocratic Approach

    741 Words  | 2 Pages

    Next, it is clear that communication is a big problem as foremen do not feel like upper management is hearing them likewise top management does not feel like the foremen understand them. With this being the case, they need to hold a meeting for all employees and managers. During the meeting, they need to be specific with the expectations of all employees managers included. The holding another meeting individually with each manager to set production goals.

    Read More

  • Business Management Case Study: Yakkatech Corp.

    1009 Words  | 3 Pages

    YakkaTech Corp. is growing IT services firm which mainly installs and upgrades enterprise software systems and related hardware. They have grown and consolidated as well as become more efficient at their business but this isn’t without growing pains. Their employees seem to lack job satisfaction and their customers feel that the employees “seem indifferent to their problems.” The company’s voluntary quit rates have risen above the industry average while management raises pay rates in the hopes that customer service quality and productivity would improve. However, customer service complaints and productivity remain low and employee moral seems to be low as well.

    Read More

  • Ineffective Leadership Analysis

    812 Words  | 2 Pages

    The success of the organization depends on how the leaders utilize their management and leadership skills in the organization. Mission, vision and core values of the organization are posted everywhere in the organization to remind every stakeholder about their accountability and responsibility in accordance to the corporate goals. This can’t be effective without successful leadership approach. Effective leader must know how, when and where to communicate the shared vision of the organization to its stakeholders. The goal is to align personal values with the corporate values to reach optimum level of satisfaction towards the work, and the company expectations to its stakeholders. Ineffective leaders are not capable of employing this. They are not capable of employing management by objective or the ability of the managers to align the objective of the all the units and departments of the organization into the organizational goals and values. MBO starts with setting organizational objectives, followed by cascading objectives down to employees-cascading objectives down to employees requires adoption of SMART approach to ensure that goals are attainable and accountable (Mindtools, 2014)

    Read More

  • Kudler Fine Foods Case Study

    285 Words  | 1 Pages

    without failure. On the other hand, top managers are responsible of company’s goal setting and to make sure

    Read More

  • The Importance Of Frontline Error

    1113 Words  | 3 Pages

    With good management the organization flourishes by providing proper support and resources to their teams on the frontline. Being the first line of defense, management are better positioned to "address the problems-behind-the-problem and be mindful of the interdependencies of care" [1]. Managers and supervisors have the ability to pull resources and network across multiple functions to determine the best decision for the company or team. However, being upstream from the action it is more difficult to anticipate the consequences that occur at a later time, place, or function. Quick decisions could escalate problems and create larger worse situations. Open communication between the team members and managers allow the manager to make informed decisions that directly affect the

    Read More

  • Leadership Style Essay

    1893 Words  | 4 Pages

    3.3 Explain how a manager 's role contributes to the achievement of an organization’s vision, mission and

    Read More

  • Mystic Monk Coffee Case Analysis

    1198 Words  | 3 Pages

    This is a capacity inside an association focused on enrolling, overseeing and coordinating individuals who work in it. Human Resource Management manages issues identified with pay, execution administration, association improvement, security, wellbeing, advantages, representative inspiration, preparing and others. HRM assumes a key part in overseeing individuals and the work environment society and environment. Moreover, it can contribute extraordinarily to the general organization course and the achievement of its objectives and destinations.

    Read More

  • The Devil Wears Prada Miranda Case Study

    1251 Words  | 3 Pages

    Middle management observes activities within the different departments and then reports their findings to top management. Miranda Priestley is in the middle management position but doesn’t do all her job requirements such as overseeing the other departments. The Human Resources Department needs to establish a positive work environment where employees feel happy, comfortable and working well to be able to achieve the goals of the business. Within the film there are only a few times when the HR department are referenced; for example in the first few moments of the film Emily speaks about the HR department and says, “Human Resources certainly has an odd sense of humour.”

    Read More

  • Medical Reimbursement

    1393 Words  | 3 Pages

    Training and development: For the training of the employees this company provides short term training programs in abroad like Japan, Thailand and as well as in Maldives. This will increase the productivity of the organization and the employee turnover rate will decrease when they get such opportunities. Foreign staff expenses: Until 2016 there are total 1421 employees in MTCC. From 1421 employees there are more number of foreign employees working in MTCC. Those staff expenses are carried through the company and it is a huge benefit for the foreign staff to work in MTCC.

    Read More

  • Performance Management Essay

    1020 Words  | 3 Pages

    Performance management is a process that guarantees an organisation and all of its available resources are working collectively and effectively towards achieving the organisation’s mission or goal. Performance management affords an understanding of what drives an individuals, and even organisations, performance at all levels. An understanding of performance management allows for the identification and minimisation of unproductive areas of an organisation, as well as an ability to predict future performance. It is a powerful tool that can be used by managers at all levels of an organisation to help improve a company’s productivity.

    Read More

  • Human Resources Manager

    1104 Words  | 3 Pages

    Human resources are the function within a company’s organization that monitors the availability of qualified workers. They recruits and screens applicants for jobs help select qualified employees. Some of those roles are focusing on recruitment, employee performance management benefits, compensation, training and retention in an organization. All this is the human resources manager needs to provide a high return on the company’s investment in its people. A human resources manager also deals with the employee relations, resource planning and administrative personal functions. They also deal with hiring, firing, training and other personal issues. A human resources manager also deals with safety, employee motivation, communication and all the administrative stuff. A human resources manager is one of the most important jobs in any health care organization.

    Read More

  • Causes Of Industrial Relations And Industrial Conflict

    1489 Words  | 3 Pages

    Management role is to provide powerful leadership and define goals and constantly ensure employees commitment to the organization in return the reward employees when targets reached. There is no fundamental conflict between the both sides and when the conflict occurs it presumed as abnormal behavior or an outcome of poor

    Read More

More about Maldives Transport And Contracting Company Case Study

Open Document