Six Key Takeaways from the 2024 MTMP
1. What is the 2024 MTMP?
The 2024 Mid-Term Management Plan (MTMP) is Hitachi’s global direction for the next three years from FY2022 to FY2024.
2. What is the main theme of the 2024 MTMP?
To support people’s quality of life with data and technology that fosters a sustainable society. In this way, we can take Social Innovation to the next level.
3. What are the three key messages of the 2024 MTMP that each employee should know?
4. How can Hitachi foster a sustainable society?
By taking Social Innovation to the next level in two ways:
As people are faced with unpredictable social changes and worsening environmental degradation, addressing the issues of planetary boundaries (environmental limits within which people across the globe can live safely) and achieving wellbeing (the state of being comfortable, healthy, or happy) become the most important assignments across the globe. We should all consider what the planet Earth, communities, and humankind will be like in 2050 and create a vision for the lives we want through the upgraded Social Innovation Business.
5. What is the New Focus of the 2024 MTMP?
Global Growth. After spending 10 years working on structural reforms and building foundations to promote Hitachi’s Social Innovation Business, now is the time for us to transition into “growth” mode.
And Hitachi aims to achieve global growth by maximizing synergy by positioning Digital, Green, and Innovations as the axis of growth, and create and implement Group-wide strategies. Digital strategies serve as the core of Hitachi's growth strategies, as we continue to strengthen the business portfolio, with a particular focus on Lumada.
To accelerate management and succeed in global competition, Hitachi will simplify the management structure based on three sectors:
With these three business sectors and Hitachi Astemo, which is in charge of the automotive equipment business, we will work with our customers to resolve societal challenges through this system.
6. How can we create a better society?
Creating a better society starts with us. Transforming society into something better requires everyone’s efforts. As employees of Hitachi, we need to take on new challenges and actions that lead to growth for ourselves and for the organization. Let us accelerate collaborations that transcend the boundaries of organizations and regions, and work together as One Hitachi.
Watch this video as we endeavour to grow together for the 2024 MTMP!