Introduction
Canon Inc... A Japan based company which was founded in August 10, 1937 in Japan and the headquarters is based in Ohta-ku, Tokyo. Chairman & CEO of the company is Fujio Mitarai and the President & COO of the company is Tsuneji Uchida. The common stock of the company as of 31st December 2008 was 174,762 Million (Yen) and the number of employees employed in canon is 25,412 as of December 31st 2008.
Net Sales of the company was 2,721,094 Million Yen (Non-consolidated) and 4,094,161 Million Yen (Consolidated). It has generated a Net Income of 224,135 Million Yen (non-consolidated) and 309,148 Million Yen (consolidated), and the Ordinary profit was 359,086 Million Yen as of 2008 December. The total Assets of the company was 3,969,934 Million Yen.
In 1933 they have started the business in a very small apartment and within a simple room in Tokyo. High worth cameras were coming from Europe widely held from Germany. Their aim was to produce soaring excellence Japanese cameras in a small room with the young people.
History of the Company:
Canon Inc... A Japan based company is a organizer in customer imaging tools, professional and in information structure. Canon is one of the top providers to consumers, organization digital solutions business-business. Canon USA its parent touring company which ranked third as a top patent proprietor from the overall in US in 2008. In Fortune Magazine it has listed in the fourth place as a Worlds Largely Accepted companies in 2009. In canon they care as caring is very important to exists as one in harmony.
The history begins with the innovative strength to make the best cameras in the world. Canon continuous started growing under the leading business plan. It has launched many products which no had seen ever. It had also improved unprecendented technologies in order to create chance in different products which no other company has created. If they want to run the company in long run they need to improve its financial structure, R&D and also to introduce new business.
Products of Canon
It has a wide variety of products which includes.
Main Markets
Canon operates its business across different countries globally.The main markets in which Canon operates business are
Main Technologies of Canon
Dreams come true with technologies, it makes impossible things to possible with the use of technology to carry on successfully in the global market. Canon worked hard to improve and to buy new technologies that direct the era. A single innovation leads towards a beginning of innovative technology. In the process of inventing new technologies lies its steady position through a vision determined the future and also the loyalty to unusual technologies. The core technologies of Canon are
Strategic Alliance
Strategic Alliance is defined as while two or additional companies are adhere mutually for a particular time they usually not in straight antagonism, but they have comparable goods or services which are focussed towards the identical aim spectators.
Alliance means "Collaboration among groups to produce enhanced grades to gain from business deal''. Strategic alliance is a most important structure of business strategies, it is a joint venture between different firms whereby capital, competence & ability are combined together to follow common interest.
Strategic Alliances could be prepared in wide range of ways based on the reason or function. There are three fundamental types of alliances they are:
Strategic Alliances facilitate industry to increase competitive benefit throughout admission to a associate capital as well as markets, people & technologies. Several fast growing technologies industries make use of Strategic Alliances to advantage starting from additional reputable means of allotment. Competition increases when global markets get united, small size companies requires more & more inventive with those companies whom they want to support themselves to enter into the market.
Forecasting for a Thriving Alliance
Before going into strategic alliance, sufficient consideration to be positioned behind the formation of the relationship and particulars of how those will be directed. You need to follow the planning process:
Examples of Strategic Alliance
Energetic group of associations or credit mergers play a vital role as strategic alliances increase if worldwide contributors of technical support are dynamic across the country, they can encourage they make use of worldwide standards and also innovative products are the strategic alliances examples.
Successful strategic shares information by the providers of goods and services which ember the importance in structuring alliances through financial organisations. Flourishing strategic alliance practice and persuade experimentation as this is a very advance approach to services and rural finance, all the institutions cannot be conscious about the importance, advantages, options & risk which survive inside strategic alliance.
Long term procurement contracts
Canon have been endeavour for involvement in global prosperity as well as to be mankind as a beyond doubt global company for achieving this goal, they are putting every effort to continue the growth by improving selling and producing useful goods. For satisfying consumer wants procurement distribution working very hard with important suppliers and to increase the eminence of suppliers and decrease the cost by obtaining materials of best quality in a low price on a timely basis in a global point.
Canon promotes worldwide procurement movement in deliberation of the collective order based on the procurement policy. Therefore they would like to request suppliers to deal with energetically with the subsequent actions. And they also anticipate them towards the support of suppliers to deal with the same actions in the same way.
It conducts worldwide ecological preservation performance. One of those actions are Green Procurement, through which procurement, obtaining of environment pleasant materials, goods, parts whenever necessary funds are formed and purchased. It recognized Green Procurement as for the most significant features of environment. It has encouraged a variety of ecological strategies in all the regions of business activity with the suppliers.
Cooperative Business
An company is an unit which is created to instruct towards holding away performance meant for the function of create profits. It engage management persons to systematize and continue a combined endeavour toward finish a meticulous inspired or dynamic objective. It could consign towards broad trade specialized, or business activity.
Environmentally Conscious Raw Materials
Environmentally Conscious Products (Use)
Global Warming Prevention and Energy Conservation
Qualified Environmentally Conscious Products
Examples of Environmentally Conscious Products
Procurement and Sales of Environmentally Conscious Paper
Canon Environmental Solutions
Main Stakeholders of Canon
Customers
People who will be affected by a try and can influence it? But who are not directly involved with doing the work? In theprivate sector People who are affected by any action taken by Canon Company.
In 2008 the £306 million this earnings are got by selling photo copy machines, printers, cameras only on UK markets. That the canon company mainly depended on their customers that the customers are looking Areas tailored to needs of graphic arts consumers.
Suppliers
That the Canon Companies main credit suppliers based on heir porches due to that they cannot influence to the company as they needed as well as they contribute on less percentage to the all the process of the company because in 2008 that the Canon company get material £37 million so it should be a less portion to the all process of the company.
Shareholders
Shareholders own partners of the canon company this may be a people or institutions normally they need to increase their dividends and for the potentially increase there value of their ownership and this people should have a legitimate powers.
From these shareholders that the voting share holders are the people should influence to the decision making and have a powers to influence the director's decision
The canon company is multinational company there for that the numbers of shareholders may be impossible to calculate but we can assets it through the takeover but we can describe it by using take over 1st week on March that takeover of the canon company was £9.5 million. When we look at this should explain us this can be influence more to the company as well as it should highly effected to the companies decisions because that the total assets of the companies should be a £31.1 million. From this numbers of shareholders can influence and they can use there powers to implement their decision by using their full powers. Because all the shareholders don't have a rights to influence to the decision but some of the shareholder can be influence and have a powers to influence there directors that shareholders may be preference.
Government
The canon company pay tax to the UK government it's approximately £3.4 million in 2008. According to this they that the total profit of the company is £9.3 million. When we consider it according to the percentage it takes 30% approx so that the government highly influence to the company's activities and government going to increase fuel price to the all the companies this will be affected to this companies activities.
Employees
Employees in Canon play a key role in decision making because that the canon have 25000 for example as well as they can influence to the organization decisions such as that the workforces environment may be a 1st part of the organization because that the employees should need to satisfy their needed so that the canon company should have to implement some diversity management to satisfy various types of peoples and they have to select several types of responsible person to satisfy the employees in the organization. If employees will not give their ideas to decision making if not happen that the company cannot improve their products. In here line managers are the main people to get good ideas from their employees so the canon companies should have to satisfy that types of employees increase their improvement this people should have a reword powers because this people have to get promotions and, increase their responsibility and pay. As well as that the mangers who are working as a employee they should have a experts powers because in a canon company that the main decisions should be implemented by managers.
Conclusions & Recommendations:
Despite the recession CANON's share price performance has been remain stable, even though a number of economic development in the world remain uncertain the outlook for CANON is to be desirable.
CANON operationally maintained considerable success in all aspect of business and customer care services. The safety and working conditions of its all over remain paramount in running of its business. Canon's priority is to strengthen its environment management, and it turn the current technologies to a new approach.
CANON's ambition is to remain focused on developing future a prospectus for its share holders, and it reached this historical record break success results by their hard work innovation and commitment.
