| vision & Strategy |
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Inclusive Approach |
| DIMO Philosophy is to be a ‘Responsible Corporate’ who meets the expectations of all stake holders. The Shareholders, Employees, Customers, Suppliers, Nation and the Citizens of the country, the World at large and of course the physical environment have expectations at different measure. The corporate philosophy is based on the firm belief that consistent growth can be achieved only through delivering value to every stakeholder with whom the Company interacts and it is directed by the Vision and the Values of DIMO appearing on page 4. |
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The Catalyst |
| The driving force for achieving the Corporate Vision is provided by the Intellectual Capital of the Company. It is also the catalyst that transforms the Group’s resources into tangible results. The Corporate strategy, therefore, revolves around enhancing the quality, efficiency, effectiveness and sustainability of the elements of Intellectual Capital. |
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Intellectual Capital |
In order to keep the intellectual capital at its best, the Company has a wide range of strategies & plans covering each vital element, viz. Customers, Principals, People, Technology and Processes. Customers, Suppliers and Employees have a dual role of being a stakeholder and a provider of the intellectual capital/value.
Customer related strategies evolve around gaining, caring, managing and retaining customers and revenue growth. In promoting ‘best in class’ brands in Group’s custody, every effort is made to enrich the technology through the ‘Dimo Care’. From a customer point of view, the products and solutions delivered is a joint offering from a world-class Principal and Dimo, with its world-class care. Care is taken to ensure that an experience with Dimo by a customer will form a mental schema of a ‘DIMO WEDAK’ meaning a ‘DIMO JOB’ in his/her mind where value for money is assured.
Human Resources strategy covering recruitment, development and retention is geared to create people with a ‘Vision driven Passion’. Investing in people and upgrading their skills to take care of the cutting edge technology holds the key in gaining a competitive advantage. Carefully thought strategies in marketing, finance, information systems and supply chain management seek competitive advantage and growth through the entire range of processes in place. |
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Business Composition |
| The base for growth is presently provided by the auto sector. In the recent past, continuous efforts have been underway to expand and grow the non-auto sector. The long-term strategy is to grow the non-auto sector to contribute a formidable portion of the Group’s business, having the capacity to independently grow and contribute to the profitability in equal measure. |
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The Foundation and the Pillars |
| Whilst the intellectual capital provides the base for growth, enterprise governance and sustainability provide the structure and strength in the march towards reaching the vision. In other words they provide the pillars on which the future of the Company is built. Therefore, the strategy in essence encompasses developing the intellectual capital on the pillars of enterprise governance and sustainability. |
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Strategy Formulation & Review Process |
| Review and modification of existing strategies and formulation of new strategies take place during the Annual Strategy Sessions. The Forum for these sessions includes the Chairman & Executive Directors, Members of the Group Management Committee and Heads of Business Units. The information required for these sessions are obtained at all levels across the organization. Implementation of strategies is reviewed on a quarterly basis by the same forum. |
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