Canon 2005 Annual Report Download - page 11

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• Expand operations through diversification
Canon is working to expand the scope of diversification. Canon
will cultivate promising growth businesses including digital TV
businesses, solutions businesses centering on our
Multifunctional Embedded Application Platform (MEAP), and
commercial printers for the print-on-demand (POD) market. We
will also forge ahead with full-fledged expansion of our digital
radiography business on a global scale.
In global operations, we are equipping our regional marketing
headquarters, Canon U.S.A., Inc. and Canon Europa N.V., with
development and manufacturing capabilities, and they will move
into new business fields by leveraging their respective strengths.
To enable us to rapidly expand our business scope, reinforcing
our technologies and human resources is essential. As one means
of progressing with Group diversification, Canon will utilize
strategic mergers and acquisitions.
9
• Identify new business domains and obtain necessary
technologies
The discovery of new business domains for growth beyond 2010
is vital, and Canon will redouble its research abilities in order to
gain rapid access to breakthrough technologies. We will fully
leverage our newly constructed leading-edge research facility to
actively pursue initiatives covering basic research through the
most advanced technologies. Canon has also been promoting
collaborations with research institutes and universities possessing
some of the world’s most sophisticated technologies.
• Nurture truly autonomous individuals
The undeniable key factor in carrying out our initiatives is each
and every Canon employee. Canon has recently been substan-
tially increasing education and training for employees at every
level to cultivate capable employees who are trusted by society,
while also stepping up efforts to nurture global leaders. Our
human resources policies have always been rooted in the con-
cept of fairness, following a merit-based system dating back to
our founding.
Providing solutions to MeritCare Health System in the U.S.;
MFDs protect patient information and offer efficient document systems
Canon is conducting collaborative research with the Massachusetts
Institute of Technology (MIT) to strengthen cutting-edge technology