1. HONDA PHILOSOPHY

2. RESPECT FOR THE INDIVIDUAL
HONDA PHILOSOPHY
The Honda Philosophy expressed in this illustration shows the Company Principle, Management Policies and the ‘Honda Way’ based upon the fundamental beliefs of ‘Respect for the Individual’ and ‘The Three Joys’ :
COMPANY
PRINCIPLES
COMPANY PRINCIPLES
THE THREE JOYS
RESPECT FOR THE INDIVIDUAL

3. Each individual is unique, independent and possesses initiative
HONDA FUNDAMENTAL BELIEFS
Respect for the Individual
Each individual is unique, independent and possesses initiative
Initiative
Equality
Trust
All associates are encouraged to
take initiative while understanding
that they must take responsibility
for the results of those actions
All associates are treated fairly and equal opportunities
given to each individual.
The relationship among
associates at HSCI to
be based on mutual trust

4. HONDA FUNDAMENTAL BELIEFS
THE THREE JOYS
THE JOY OF CREATING
The joy of creating occurs
when Honda Associates
and Suppliers involved
in the design, development ,
engineering and
manufacturing of
products recognize a
sense of joy in our
customers using the product and dealers selling them.
THE JOY OF BUYING
The joy of buying is
achieved by providing
products and services
that exceed the needs
and expectations
of the customer.
THE JOY OF SELLING
The joy of selling is attained
when those engaged in selling and servicing Honda’s products develop relationships
with the customer
based on mutual
trust.

5. HONDA COMPANY PRINCIPLE
VISION
Company Principle
Maintaining a global viewpoint, we are dedicated to supplying products of the highest quality yet at a reasonable price for worldwide customer satisfaction

6. for carrying out Daily Operations
HONDA MANAGEMENT POLICIES
Company’s standards
for carrying out Daily Operations
are based upon the
Management Policies
Proceed always with ambition and youthfulness
Respect sound theory, develop fresh ideas and make the
most effective use of time
Enjoy work, and encourage open communications
Strive constantly for a harmonious flow of work
Be ever mindful of the value of research and endeavor

7. HONDA MANAGEMENT POLICIES
INFORMATION
• To be on Time and provide accuracy of information
• To develop a willingness to communicate
with and listen to others and respect their ideas
• To encourage open and candid discussion, feedback
and information sharing among team members, depts..
• To ensure flow of work harmoniously for effective operation
MANAGEMENT POLICIES
TIME
• To make the most effective use of time
• To approach our work on 3 key elements :
Simplicity Simplify the complex problem
and grasp the essence of what
needs to be done
Concentration- Focus resources and energy
on the critical issues needed to
reach important goals
Speed Rapid implementation to honour
committed time schedule/targets
COST-CONSCIOUSNESS
• To be observant of the visible and invisible
trends within and outside the organisation
which might affect the financial health of the
company
• To be constantly aware of the impact of one’s
actions on the costs and profits of the company
• To avoid wasteful expenditures
• To strive for highest efficiencies in the deployment
of financial resources of the company

8. Honda’s Corporate Culture
HONDA CORPORATE CULTURE
Honda’s
Corporate Culture
Free thinking and open-mindedness
Challenging spirit
Sincerity and integrity
Co-evolution

9. HONDA’S DIRECTION FOR THE 21st CENTURY
By sharing our “Joys” with the world, it is our desire
that society will want Honda to exist
A leading
company in
the mobility
Creating New Values of job
Value Creation
business
Create higher value through
leading edge technology.
Expanding the
Joy
Globalization
Joy for the
Next Generation
As a global company with
deep
Eco-Solution
roots in many communities, we
Work to create a better society
will continue to expand the "joy
for future
generation
s by
of aff i
liation" that people
addressing global concerns. ex
perience through association
with Honda
Fostering a basic
Corporate Culture
Co-Evolution
Free thinking and open -mindedness; Challenging spirit, Co-evolution
Merge our culture and way of doing business with different cultures and talents to reach a higher level of creativity.

10. “The driving force behind Honda’s growth was the leadership of its founders Mr. Soichiro Honda and Mr. Takeo Fujisawa. The most valuable legacy which our founders gave to our company is Honda philosophy. This Honda Philosophy will continue to serve as the basis of our daily business action and judgment for all companies and associates within the Honda Group.” It is critical that Honda Philosophy be fully understood, respected, shared and translated into action by every Honda associate around the world.
An extract from the Introduction of “HONDA PHILOSOPHY” –the pocket book

11. “ACTION WITHOUT PHILOSOPHY IS PHILOSOPHY WITHOUT ACTION IS
A LETHAL WEAPON,
PHILOSOPHY WITHOUT ACTION IS
WORTHLESS”
Soichiro Honda