Qassim cement company: a case of ethical management
The development of the economy of Saudi Arabia outside of the petrol-related industries is vital to the future of Saudi Arabia. The Qassim Cement Company is one of the major companies in the field of building materials that contribute to strengthening the Saudi economy in general. This case explo...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | en |
| Published: |
Albukhary International University
2021
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/90797/7/90797_Qassim%20cement%20company%20a%20case%20of%20ethical%20management.pdf http://irep.iium.edu.my/90797/ http://asbj.aiu.edu.my/vol2issue1june2021 |
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| Summary: | The development of the economy of Saudi Arabia outside of the petrol-related industries
is vital to the future of Saudi Arabia. The Qassim Cement Company is one of the major companies
in the field of building materials that contribute to strengthening the Saudi economy in general.
This case explores the challenges of maintaining a high-level of competitiveness while remaining
true to the values and practices embedded in the teachings of Islam. The Qassim Cement Company
has sales of about SAR 800 million (about USD$ 200 million) and a workforce of about 650 people.
It has a profit margin of around 34%. By comparison, the average profit margin in the cement
industry varies between 10% and 20%. Yet at the same time, interviews with employees suggest
that the company implements Islamic principles of management. This case raises an important
philosophical question. Are management principles universal or should they be adapted to the local
context. |
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