Canon Future Strategies
The Excellent Global Corporation Plan
Based on the corporate philosophy of kyosei, the Excellent Global Corporation Plan is a medium- to long-term management plan with the goal of building a corporate group that continues contributing to society through technological innovation, aiming to be a corporation worthy of admiration and respect worldwide. In the five-year first phase of the plan, which began in 1996, Canon inculcated in the Group the concepts of profit orientation and total optimization, introducing production reforms by means of the cell production system, and cash flow-based consolidated business performance evaluation. In the second phase of the plan, which began in 2001, they have aimed to become No.1 in all our businesses and strengthen our research and development capabilities. During this phase they have achieved tremendous results, including development reforms and the in-house manufacturing of key components.
Strategy 2005
Cannon has formed some strategies for 2005 and achieved some out of them.
Integrating development, manufacturing, and production to achieve competitive advantage
Canon's relentless pursuit of reforms has entered a new phase: greater cost efficiency through the integration of development and production. Their next challenge is "prototype-less design"; namely, striving to eliminate the need for physical prototypes. Furthermore, while pressing forward with reforms in parts procurement, They are putting their strength into factory automation to further enhance in-house production. In this way, Canon aims to establish a highly competitive production system by seamlessly integrating development, production engineering technologies, and manufacturing technologies.
Boosting R&D capabilities to create new businesses
In 2005 Canon will accelerate the development and commercialization of display devices. In particular, They will speed up preparations for mass production at SED Inc., the joint venture company they
Based on the corporate philosophy of kyosei, the Excellent Global Corporation Plan is a medium- to long-term management plan with the goal of building a corporate group that continues contributing to society through technological innovation, aiming to be a corporation worthy of admiration and respect worldwide. In the five-year first phase of the plan, which began in 1996, Canon inculcated in the Group the concepts of profit orientation and total optimization, introducing production reforms by means of the cell production system, and cash flow-based consolidated business performance evaluation. In the second phase of the plan, which began in 2001, they have aimed to become No.1 in all our businesses and strengthen our research and development capabilities. During this phase they have achieved tremendous results, including development reforms and the in-house manufacturing of key components.
Strategy 2005
Cannon has formed some strategies for 2005 and achieved some out of them.
Integrating development, manufacturing, and production to achieve competitive advantage
Canon's relentless pursuit of reforms has entered a new phase: greater cost efficiency through the integration of development and production. Their next challenge is "prototype-less design"; namely, striving to eliminate the need for physical prototypes. Furthermore, while pressing forward with reforms in parts procurement, They are putting their strength into factory automation to further enhance in-house production. In this way, Canon aims to establish a highly competitive production system by seamlessly integrating development, production engineering technologies, and manufacturing technologies.
Boosting R&D capabilities to create new businesses
In 2005 Canon will accelerate the development and commercialization of display devices. In particular, They will speed up preparations for mass production at SED Inc., the joint venture company they