energy business and the environmental systems sector, which had also become global businesses. Yazaki’s performance improved because of these new growth initiatives.
Developing People for Rapid Global Growth
During 1991, the company’s American subsidiary celebrated its 25th anniversary. In 1997, American Yazaki Corporation was restructured as Yazaki North America and major business units were established. Three years later, Yazaki Corporation announced its intention to become the global leader in vehicle multimedia network system integration for OEMs (original equipment manufacturers). In 1997, Tata Autocomp Systems Limited signed a joint venture agreement with Yazaki for the design and manufacture of wiring harnesses for passenger and commercial vehicles. The same year, Yazakisa, located in Sakarya province, Turkey, started its operation, as a joint venture between Yazaki with a 76% stake, and Turkey's Haci Omer Sabanci Holding Corporation with a 24% share in the company. Also during 2000, Volvo Car Corporation presented Yazaki Europe with the “Best Supplier” for 1999 award. A year later, in 2001, Yazaki signed a joint-venture agreement with German-based Siemens, through which it planned to leverage the resources and expertise of both companies, to provide high-tech and complete electronic/electrical distribution systems. The joint venture was established under the name S-Y Technologies, America, in October 2001.
As Yazaki’s overseas business continued to grow rapidly, Yasuhiko Yazaki recognized the need to develop people. He launched a number of global human resource development programs, including an “overseas adventure school” for all new employees and a “global training program” for employees in overseas subsidiaries. In addition, the educational support of the children of Yazaki employees was considered to be very important, so Yazaki held annual “summer camps” for their employees’ children in Japan and overseas.
Social Responsibility: A Key Corporate Concern
Under Yasuhiko Yazaki’s leadership, the protection of the environment has been assigned the status of a separate corporate goal at Yazaki. Although corporate social responsibility (CSR) has only recently been listed on the corporate agenda, the concept of CSR is not new for the company. Since Yazaki’s inception, it has remained close to the tenets of its corporate vision: to become a company that is trusted and respected by society; to operate on a “one for all and all for one” basis; and to be a good neighbor. CSR is deeply rooted in the management of Yazaki. Adherence to this mission insured that CSR was part of all management decisions at Yazaki, and this tradition was maintained and strengthened by the new president.
Yazaki’s reputation for having environment-friendly operations and products is supported by the fact that it built the world’s first solar-power based air conditioning, heating and hot water supply system in 1974. Since then, it has been committed to accepting its share of responsibility for the care and maintenance of natural life and sustaining resources. Yazaki believes that economic success and ecological accountability go hand-in-hand. Therefore, they strive daily to strike a balance among the needs of their customers, the protection of the environment and the interests of