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| Topic: |
Business
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| Number of pages / Number of words: |
17 / 4741 |
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However, it is noted in the annual report that the Chief Executive Officer and the Chief Operating Officer are in charge of the overall direction, development and operations of the group. Since the top management is the one who has the ultimate say in decision making, Multi-Chem has to some extent practices centralized decision making...
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However, this system can be extremely time-consuming as the higher-ranked managers' consents are required before a decision can be made and Multi-Chem operates in different countries. If urgent attention was needed to implement a decision, time spent in consulting the top management and briefing them on the issues faced might lead to a loss in productivity...
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