Home » Home » Business Principles

Tap the best team

 
Waco International applies five business principles as its primary tools to achieve a high-performance culture. The principles are known as TAP the Best Team and are integrated into the day-to-day management of the business, as summarised below:

Transparency

 
All employees are appropriately informed about Waco International’s performance, current challenges and risk areas. Managers and employees are encouraged to
highlight any problems encountered so they can be resolved at an early stage.

Accountability

 
Waco International holds its regional managers and employees accountable for their actions, within clear lines of responsibility. The Group places a high level of reliance on regional management in the running of the business, as demonstrated by the relatively small head office complement.

Performance

 
The performance management process starts with managers and employees jointly agreeing performance objectives for the year. In the context of the business
plan, these objectives are set using the balanced scorecard approach, which ensures that financial and non-financial targets are set and formally assessed.

Best Practice

 
Waco International strives to be the best at what it does. This principle is applicable to the products and services it offers its customers and its internal controls and processes. To achieve this, the Group mandates a number of local and global peer groups to identify areas of excellence (internal and external) and to promote these practices throughout the Group. Waco International’s Continuous Improvement ethos is a key contributor to the achievement of this objective.

Teamwork

 
Waco International strives to be the best at what it does. This principle is applicable to the products and services it offers its customers and its internal controls and processes. To achieve this, the Group mandates a number of local and global peer groups to identify areas of excellence (internal and external) and to promote these practices throughout the Group. Waco International’s Continuous Improvement ethos is a key contributor to the achievement of this objective.

Latest News

Waco Africa Acquires Level 3 BBBEE Status READ MORE >>