Honda The Power Of Dreams

HONDA The Power Of Dreams

Presented By : Group No 8

To:

Alok Gupta (08XPGDM05)

Prof. G. S. Das

Modak Priy (08XPGDM31) Sudeep Kumar Kundu (08XPGDM50) Vineet Dixit (08XPGDM59)

HONDA –The Power Of Dreams COMPANY PROFILE• Established in the year 1948. Founders: Soichiro Honda & Takeo Fujisawa. • Started as an Engine making company and now is the World’s largest Engine manufacturer. Pioneering in the field of : Automobile Motorcycles Power Products Technical Products Honda jets ASIMO. • Has 120 Manufacturing facilities in 29 countries and employees 120,600 people worldwide. • In India Honda Siel Cars was incorporated in 1995 as a joint venture between Honda japan and Siel Ltd a Siddharth Shriram Group Company .

HONDA PHILOSPHY Basic Principles: Respect for Individual, The Three Joys ( Buying ,Selling , Creating). Company’s Principle: (Mission Statement) Maintaining a global viewpoint, we are dedicated to supplying products of the highest quality, yet at a reasonable price for worldwide customer satisfaction. Management Policies: • Proceed always with ambition and youthfulness. • Respect sound theory, develop fresh ideas, and make the most effective use of time. • Enjoy work and encourage open communication • Strive constantly for a harmonious flow of work. • Be ever mindful of the value of research and endeavour.

Respect for the individual Reflects the companies desire to respect the unique character and ability of each individual person, trusting each other as equal partners in order to do best in every situation.

The Three Joys The Joy Of Buying, Selling and Creating, expresses the companies belief and desire that each person working in, or coming into contact with our company, directly or through or products, should share a sense of joy through that experience.

CORPORATE SOCIAL RESPONSIBILITY

EDUCATION INITIATIVE •

Joy of dreaming and the delight of creating.

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Students formula challenge.

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Dream hands.

ENVIRONMENTAL INITIATIVE •

Beach clean up project

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Community forest initiative

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Spring creek preservation

TRAFFIC SAFETY INITIATIVE •

Fostering children traffic safety: In May 2007 Honda Brazil initiated a new program to foster children traffic safety.

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Food and fun for disadvantaged children: In this program Honda associates provided disadvantaged children with Food ,Entertainment and Educational opportunities.

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Solitary workshop: Every month Honda associates make donations to fund workshops that offer children with opportunities to learn about workshops and take part in afforstration.

COMMUNITY INITIATIVE •

Factory tour

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Clean up campaign

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Blood drives

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Welfare programs

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Digging for clams with individuals with disables

STAKEHOLDERS RELATIONSHIP WITH THE FIRM

Honda and its stakeholders: Fundamental Approach •

Customers : Providing products and services of the highest quality, the company seek to share joy with customers worldwide.

•

Dealers : Building partnerships and offering customers the joy of buying, and sharing the joy of selling with dealers.

•

Suppliers Honouring independence, fairness and trust in accordance with the principle of respect for the individual, the company builds partnerships to share the joy of creating products.

•

Associates Creating highly motivated associates and building in them the joy of working.

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Shareholders and investors Ensuring full and frank communication with shareholders and investors, the company seek to enhance trust and affinity.

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People everywhere Seeking first not to be a burden, the company seek through all our activities to be truly welcomed in the communities and regions where we live and work.

A MATTER OF PRINCIPLE A major part of HONDA’S compliance and ethic programs is the companies Egalitarian culture. – All employees wear a same uniform and are addressed as "associates." – All employees eat in shared cafeterias ,no private offices and signs of status ( e.g reserved parking slots). – Managers can be found on the production floor, and open-planned offices have no obvious design elements to display high ranking workstations.

The key is to promote accessibility across the company by removing physical and social barriers, thereby eliminating the natural intimidation employees often feel when they wish to speak with their managers.

VISION 2010 Vision 2010 Striving to become a company that society wants to exist Trust Affinity

Trust Affinity

Commitment to the future Value creation

Globalization

2003: Honda Conduct Guidelines Operations Safety

Environment

1998: Vision 2010 Philanthropy—Basic Principles 1992: Environment Statement

Respect for the Individual The Three Joys

Company Foundation

Honda’s History

Environmental friendly initiatives Product Development

Corporate Activities

2007

FCX Clarity released Next-generation i-DTEC diesel engine released Next-generation thin-film solar cells released

FY2011 targets announced for environmental impact reduction.

2006

Flexible fuel vehicle (FFV) .

Incorporation of Honda Soltec Joint development of technology announced for the production of ethanol from inedible plant biomass (partner: RITE) Global targets announced for reduction of all product- and production related CO2 emissions by 2010

2005

New Honda Civic Hybrid released World’s first delivery of a fuel cell vehicle to an individual customer Next-generation iGX440 generator released

2001

Civic Hybrid released I-DSI engine (23 km/liter) released

Green purchasing guidelines established Energy efficient Hosoe Plant at Hamamatsu Factory begins operations

2000

Liquid-cooled 4-stroke 50cc engine released Stream with DOHC i-VTEC engine released

Green Dealer certification system established Zero landfill waste operations achieved at all factories.

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Business Ethics approaches •

Internal control system

→ Fundamental approach: o

Goal: To earn the trust of customers and society

o

Action: have frameworks in place to ensure a systematic approach to compliance and risk management.

o

Formulation of behavioural guidelines and procedures for self-assessment.

o

Honda also has a system to support the initiatives of each division.

o

Moreover, effective audits are carried out to monitor the execution status of each division

•

Group governance system

→ Behavioural guidelines: o

Guide the behaviour of all employees through conduct guidelines.

o

Division wise specific guidelines according to specific attributes.

→ Self-assessment checklist: o

Each division approaches compliance and risk management in a systematic way.

o

Self assessment is regularly reviewed and evaluated by Management council.

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Business Ethics approaches •

(contd.)

Compliance system Appointed a Compliance Officer, who is a director in charge of compliance-related initiatives.

→ Business Ethics Committee: o

Chaired by the Compliance Officer and consists of directors and corporate officers.

o

The Committee deliberates matters related to corporate ethics and compliance.

→ Business Ethics Improvement Proposal Office: o

High priority on open communications.

o

Also receive suggestions related to corporate ethics issues.

o

By devising appropriate responses to suggestions received, Honda is constantly working to enhance corporate ethics.

o

The system is designed to ensure the protection of those who provide information, who can either use their real name or remain anonymous.

o

The Business Ethics Committee supervises the operation of the Business Ethics Improvement Proposal Line and submits status reports to the Board of Corporate Auditors.

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Business Ethics approaches •

•

•

•

(contd.)

Risk management system Each division works to address and mitigate its particular set of risks. – Honda Crisis Response Rules are designed to address company-wide crises, such as – major natural disasters. Honda has appointed a Risk Management Officer, who is a director in charge of risk – management-related initiatives. It has also established the Company-Wide Response Headquarters to address crisis – situations. Storage and management of information on execution of business by directors Documents and other information related to the execution of business by directors are stored and managed appropriately. Business audits The Audit Office is an independent supervisory department under the direct control of the President. This office audits the performance of each department and works to improve the internal auditing of affiliates. Disclosure Committee The Disclosure Committee, which consists of members of the Board of Directors, deliberates matters related to the accuracy and appropriateness of corporate information to be disclosed in business results announcements and financial reports

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CONDUCT GUIDELINES •

Honda group companies in each region create their Guideline based on the ‘Honda Conduct Guideline’.

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Share “joy” and “established trust” with customers and society around the world.

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Honda promotes its employees share a common value at Honda and become self reliant.

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Companies motive – Gain trust of customers and society, strengthen its position as a “company that the society wants to exist”.

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CODE OF CONDUCT 1. • • • • 2. • • • • 3. 4. 5. • • •

Respect for the Law Proper understanding of the law What to do in case of unclear interpretation What to do if the law has been violated Report/notification to government agencies Respect for Company Rules Proper understanding of company rules What to do in case of unclear interpretation What to do if rules have been violated Report/notification Respect for Social Norms Traffic Safety Environmental Protection Proper processing of waste and pollutants Efficient use of natural resources and recycling Legally required measurements, recording and reporting

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CODE OF CONDUCT (contd..) 6. • • • • 7. • • 8. • • • • • • 9. • •

Contributions to Society Community Participation Social welfare Disaster relief Volunteer activities Management of Information Management of Information Security Confidential Information Disclosure Prevention Safety and Hygiene Providing for a comfortable working environment Respect for smoking rules Accident prevention Action to be taken when an unsafe operation is discovered What to do in case of disaster Emergency contacts Discrimination Prevention of discrimination Prohibition of Use of Discriminatory Language

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CODE OF CONDUCT (contd..) 10. • • 11. • • • 12. • • 13.

Protection of Privacy Respect for Privacy Protection Laws Prevention of Unauthorized Revelation of Private Information Business Transactions Selection of business partners Prohibition on excessive gifts and benefits Prohibition on improper exercise of positions and authorities Relationships with Governmental Agencies Abiding laws and regulations for ethics Prohibition on excessive gifts and benefits Communication

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MESSAGE FROM THE CEO

Sharing dreams with people everywhere ,striving to become a company that society wants to exist

President & CEO Takeo Fukui

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References • • •

“Business ethics” by Andrew Crane & Dirk Matten. www.worldhonda.com Company released facts.

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THANK YOU

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