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4 Omron Corporation
Yoshio Tateisi
Chief Executive Officer
Q: WHAT DOES THE LONG-TERM MANAGEMENT VISION ANNOUNCED
IN MAY 2001 ENTAIL?
A: The long-term management plan we began in May 2001, known as Grand
Design 2010, or GD2010, expresses where we want the Omron Group to be
after the first decade of the twenty-first century and the basic guidelines for
the management strategies to get us there. It aims to make Omron a globally
successful corporation that contributes to social development worldwide. The
first stage in implementing this vision for Omron will cover the period up to
March 2005, with the aim of maximizing the strength of our businesses by
building our competitiveness as a global company. We have set the medium-
term objective of raising return on equity (ROE) to 10 percent as a benchmark
for measuring progress in improving our ability to win globally.
Q: HOW DO THE STRUCTURAL REFORMS FOR GROUP PRODUCTIVITY
INITIATED IN NOVEMBER 2001 RELATE TO GD2010?
A: Major changes in our operating environment have been occurring
at an unprecedented rate. We recognize that the challenges we face are not
temporary, and that Omron must pursue global structural reform. Value-
Added Innovation Committee 21, or VIC21, was created to implement the
structural reforms for group productivity necessary to create the strong
businesses that can be global winners envisioned by GD2010 based on this
recognition.
In other words, VIC21 was created to accelerate the management policies
for raising quality and speed that were established as part of GD2010’s
program of maximizing the strength of our businesses. It will accelerate
quality initiatives by executing above and beyond the policies determined
under GD2010 for improving productivity. Greater speed will be achieved by
implementing GD2010 policies one year ahead of schedule. Under GD2010,
each Omron company was to have completed its respective company vision
by March 2005, but the target for completing various initiatives has been
A Dynamic Commitment to Structural Transformation,
Globalization and Unique Value
Discusses Omron’s
Structural Reforms