Several management theories have been advanced over the years to compensate the business environment and the overall work condition. Some of these arguments have proven better than the others, depending on the outcome of the application of the particular management theory on the workers and the overall business running.
Management by Exception
Management by Exception is one of the theories that have been applied by the Document Company. This argument has proven quite useful. Going by the years of success and financial contribution that has accrued from the many years of operation of this particular approach and the overall business outcome. This theory is a rather corrective plan to correct the wrongs that could be already ongoing in the company. The managerial teams of the Indocement Company have been quite attentive to the needs and the desires of the corrective measures meant to liberate the company form tricky situations that may cost it dearly.
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The management by exception also allows the company to identify and focus on emerging business opportunities and the possible handsome returns that may follow. In this regard, the excellent management is appropriate in bringing out the very best of the good and bad situations for the company at any point and time.
The Balance Score Cards Management Theory
The Indocement has used BSC to manage and control the overall operation process of the company. The Balance scorecard management theory has been employed in many spheres of the company’s operation control. The many ways that the approach has proven useful include such aspects as:
Financial Performance- the management is tasked with the responsibility of improving the financial performance of the shareholders and the survival prospects of the company.
Customer Satisfaction- the most significant aspect of the BSC is the customer satisfaction which also ensures the longevity of the Company operation and life. Happy customers allude to the assurance of an available market for its products.
Internal Process Improvement- the value of the activities and the decisions made internally should impact on the survival of the company. Such is the need to eliminate the unnecessary processes that do not create value for the company.
Innovation and Learning- The Balance Score Card management theory is to ensure that the Indocement company adapts to the current technological innovation for the easing of its operation and eventual smooth running of the processes. The learning is to provide sustainability and improvement of the quality of services and goods offered.
Reference
Inducement: Heidelberg Cement Group. Accessed on 8th November 2017 from http://www.indocement.co.id/v5/en/company/indocement-in-brief/awards last updated 07 November 2017.
Inducement: Heidelberg Cement Group. Accessed on 8th November 2017 from http://www.indocement.co.id/v5/en/company/board/board-of-directors last updated 07 November 2017.
