DIC (China)’s Activities
Sun Tzu said, “He will win whose army is animated by the same spirit throughout all its ranks.” DIC (China) seeks to embody this tenet by building an organization in which management and employees are united and focused on the same objectives.
In fiscal year 2022, DIC announced the DIC Vision 2030 long-term management plan, introducing a redefined vision statement and a new basic policy, setting forth priority
business areas and outlining key strategies. These include making strategic investments, enhancing our technology platform, reinforcing management of human capital,
promoting IT and DX and clarifying sustainability strategies. Additionally, with people the world over more and more aware that the evolution of humanity depends on realizing a
society that is increasingly green, digital and QOL-oriented, DIC also deployed the DIC Sustainability Index with the aim of playing an active role in this process. Through these
and other efforts, the entire DIC Group is striving to deliver greater social benefits that enhance value for all stakeholders, including shareholders, and to build corporate value.
The DIC Group operates in more than 60 countries and territories around the world with different cultures, customs, political systems and economic development levels. To ensure the success of DIC Vision 2030, we must ensure employees have an adequate understanding of our management philosophy, management vision and the plan’s basic policy. A well-known quote from Sun Tzu’s The Art of War is “He will win whose army is animated by the same spirit throughout all its ranks.” In other words, an organization in which people of all ranks are of one mind will be victorious. We are confident that aligning the philosophies and goals of management and employees of DIC (China) and the companies of the DIC Group in the PRC, thereby building an organization in which everyone is focused on the same objectives, will enable us to fully demonstrate the Group’s comprehensive capabilities.
Prioritizing the Ability to Develop Products that Respond to Local Needs
DIC (China) oversees approximately 30 DIC Group companies in the PRC of various sizes operating in diverse environments. Thanks to rapid economic development since the country’s economic reform and opening-up, the inland area, in particular, has morphed from a manufacturing center often called “the world’s factory” into a consumer spending–fueled powerhouse dubbed “the world’s market,” a change that has created huge business opportunities. To capitalize on these opportunities, the DIC Group is working to establish integrated global management while at the same time further strengthening its product development capabilities, taking into account regional and market-specific differences in product life cycle. This is positioning us to respond swiftly to local needs and contribute to the growth and development of the overall Group.
Improving Labor Productivity through Automated and Intelligent Processes
Owing to robust economic growth and declining birthrates, attributable to the erstwhile one-child policy, labor shortages have become an issue in the production sector. This is encouraging manufacturers to improve labor productivity by actively introducing digital and intelligent technologies. In this environment, DIC (China) recognizes the need to bolster the skills of employees at DIC Group production sites as well as to improve business practices by promoting ongoing improvements to production processes, notably by introducing automated and intelligent solutions. We are confident that such efforts to enhance labor productivity and introduce state-of-the-art technologies will enable us to secure the quality and cost advantages needed to thrive in this intensely competitive market.
Bolstering Employee Potential and Maximizing the Value of Human Resources
Achieving the goals of DIC Vision 2030 will not be easy. For this reason, it is crucial to bolster the potential of each Group
employee and maximize the value of human resources by modifying the DIC Group’s product portfolio in response to changes
in the operating environment, thereby taking on the challenge of driving innovation and entering new business areas.
In recent years, DIC (China) has placed an increased emphasis on integrating the management of Group companies in the PRC with that of the overall DIC Group and is stepping up efforts to work with employees by increasing management transparency and promoting the standardization and fairness of management practices. Specific measures have included promoting information sharing, employee education and training, and awareness of The DIC Way, as well as working to bolster recognition of the DIC brand. By thus ensuring that employees across the country have a common understanding of DIC’s management philosophy and the DIC Group Code of Business Conduct, and share the Group’s mission, we will build an organization that is truly “animated by the same spirit throughout all its ranks,” with management and employees united and focused on the same objectives.
The announcement of DIC Vision 2030 provides an important opportunity for us to deepen our understanding of DIC’s management philosophy and vision, lead Group companies in the PRC in line with concrete basic strategies and contribute to sustainable growth for the entire DIC Group.