“DOMESCO DIRECTS THE DEVELOPMENT TOWARDS A STRONG ECONOMIC GROUP” IN 2015
DOMESCO has established operation orientation must conform to nine action programs as following:
1. Program of restructure – reorganization of company – modernizing management.
- Company operates according to company law building in 2005 as joint stock Corporation with participation of shareholders, without control of government, so company must restructure of both FINANCE and OPERATION, it means carrying out a strategic revolution.
- Manufacturing – business operations must be flexible, and creative; perform both two strategies: differentiation strategy and concentration strategy flexibly.
- Restructure company entirely, develop the role of intermediate management as basic in order to deploy the orientation according to three economies (communication economy – knowledge economy – customer economy).
2. Program of training and developing human resources – competing and attracting talents
- Have an appropriate plan for training and selecting personnel, establish a healthy working environment, having culture would help create an internal human resource with high knowledge, skill and competence to respond requirement of the new development.
- Besides company must attract many talents by building a good policy to respond new requirements, responsibility of company.
3. Program of technology - technique modernization
- Have investment to renovate equipment direct forward to automation, use advanced technology in order to create products with high quality, suitable price to respond strict requirements of local and overseas market more and more fastidious.
4. Program of total quality management ISO, GMP, IFS, 6 SIGMA
- Deploy and apply the quality system in integration including QUALITY STANDARDS, QUALITY TOOLS, must be measured by QUALITY INDEX so that company has enough conditions to overcome technical barrier, create trust in local and overseas customers for DOMESCO to enlarge market and increase market share in over the world so that we can export more products, higher value of products. Price competition is always fierce, so we must carry out promptly, apply 6 sigma completely in order to reduce cost price, destroy negative cost.
- Quality management must be combined with KNOWLEDGE management to enrich the fund of KNOWLEDGE in company started from young talents through applying GROUP activities effectively.
5. Program of applying software technology, computerizing whole operation of company
- Set up an INFORMATION system as a long-term STRATEGIC nature, create private TACTIC of company to support for MANUFACTURING - BUSINESS METHODS appropriately and effectively.
- Use advanced software information technology as a basic of management tool and MUST BE carried out with high speed by combining general system, programming, quality control and security management overall.
6. Program of researching and developing new products
a. Establish, strengthen research & development centers with enough conditions according to requirements to encourage innovation.
b. Research optimal formulas containing secret of technology to create specific product, step by step to protect the intellectual property to prevent counterfeit of negative competitor.
- Connect schools, institutes, hospitals, Center for Science Research in local and overseas to learn and apply advanced technology in manufacturing, carry out BE testing, BA testing, clinical…and control information about GENERIC APIs that are going to finish the production right to have an opportune manufacturing plan to take the opportunity without breaking intellectual property law.
7. Program of increasing the financial potential – competing and attracting capital
- In 2009 - 2010 periods, giving equity for feasible projects must be from many capital sources, by many methods.
- Increase ability in financial management in accordance with all changes of credit and equity market.
8. Program of cooperating – linking – integrating in domestic and foreign associations
- Apply the principle “trade having FRIEND, sell having GUILD”
- Integrate Associations, Industry and promote multilateral trade in order to increase potential and position of Company in our country and the world.
9. Program for setting up and deploying basic strategies, among them strategic for developing Manufacturing – Business is the key one
- Human resource strategy.
- Investment strategy.
- Financial strategy.
- Technology & Science strategy.
+ Biological technology.
+ Information technology strategy.
+ Automatic technology strategy.
- Strategy for developing production and product.
- Strategy for developing business.
a. Market strategy, developing distribution system and marketing.
b. Competitive strategy.
c. Customer care strategy.
d. Strategy for trade promotion and trademark development. |