Canon's 'Kyosei' Philosophy and Social Responsibility Initiatives
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Background Note
Canon's history dates back to 1933, when Saburo Uchinda and Garo Yoshinda set up a lab named Precision Optical Instruments Laboratory (POIL) in Tokyo, Japan, to develop cameras. In 1934, the institute developed Japan's first 35 mm cameras with focal plane shutter under the brand name, Kwanon.
In 1937, POIL was incorporated into a joint stock company under the name of Precision Optical Instruments Company (POIC). Takeshi Mitarai (Mitarai) was named the company's first President. In 1947, POIC was renamed as Canon Camera Inc, named after its successful brand of Kwanon cameras. The company got its shares listed on the Tokyo Stock Exchange in 1949....
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BIRTH OF KYOSEI PHILOSOPHY In the early 1970s, with increasing global operations, Canon's management felt the need for a corporate philosophy that would serve as guide to how the company should treat its employees, stakeholders, competitors and the various diverse communities in which it operated.
As Canon entered new international markets, the management faced several business challenges.
The management felt that three major challenges, referred to as global imbalances (Refer Table I), had to be addressed by all global business corporations......
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