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Overview and strategies
The New Business Initiative (NBI) Group was established in April 2000, adding IT, Consumer and Healthcare businesses to its predecessor consisting of Logistics and Financial business. In April 2003, the Telecommunication and Broadcasting Division, has been transferred from the former IT & Electronics Business Group to NBI Group. The objective is to grow earnings by enhancing Mitsubishi Corporation's ability to provide total solutions.

Generally, it is said that the intermediaries, like general trading companies, are being increasingly threatened by the dynamic change of advanced information technology, which is a major factor of changing business and transaction models. Some intermediaries who fail to adjust to these changes are in difficult position as manufacturers and customers no longer require their services.

On the flip side of the coin, this is also an era in which intermediaries with certain key capabilities and qualities will come to play an even more vital role. Those key competencies are: Ability to act from the customers' standpoint; Ability to anticipate their needs and collaborate with manufacturers to deliver value; Ability to offer logistics solutions through a well-established system; Ability to anticipate each customer's problems and participate in solving them as a "consultant" investor.

Mitsubishi Corporation established the NBI Group to spearhead its delivery of those key competencies, and drive the company toward becoming a more customer-oriented organization. This NBI group is expected to step up the pace at which the company acts, link IT and consumer businesses with financial and logistics functions to develop new business models and functions to support each business group.


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