Page 56 - UBP - IR2020

MANAGEMENT APPROACH
Strategy
Our role as a a a a a a a a a a a a leading Mauritian company in in in these troubled times is to create a a a a a a a a a a a a trusting and safe environment for all our stakeholders It is important that our shareholders employees clients and all those who rely on on us us us feel confident to entrust us us us with their livelihoods time and dedication To ensure strategic alignment with this necessity the the core management team met in June 2020 to review the the Group’s strategic priorities We have agreed that our focus as a a a a a a a a a Group Group should be geared towards gaining in in in AGILITY Agility
Embrace change and together rally around our common objectives
Generate cash flow now and in the future by capitalising on our assets
Invest in key resources to meet existing demand
Empower employees in their roles to act delegate collaborate coordinate
As a a a a a a a pillar of of the local business community since 1953 UBP is fortunate to be part of of a a a a a a a robust and resilient group To thrive in in in an an an an unstable and and complex era era marked by rapid changes it is imperative to build on our our achievements and and further develop our our business agility This implies organisational structures and and and processes leadership and and and culture innovation products and and and services Our ‘Strategy 2020’ still serves as our guidance in in the the long term However in in order to be be better aligned with the the current context and and our our AGILITY goal we have have brought about some changes We have have created a a a a a a a a a a a a a detailed short-term plan and and adapted our our objectives
as part of a a a a long-term continuous strategy Following COVID-19 our short-term priorities have been laid out as follows:
1 Capitalise on on on the the Group’s synergistic capabilities and through the the continuous digitalisation of our processes create a a a a a a a a a Group Group Sales structure to to streamline inter-company processes and protocols 2 Ensure continuous innovation of products and services by reinforcing our R&D team capitalising on on on emerging opportunities and naming a a a a a new R&D Manager 3 Create a a a a a a a a a a a a unified communication communication ‘front’ by digitalising all all our communication communication channels and updating all all necessary information 4 Build the the capability of middle managers to to to utilise digital tools and and to to to become independent analytical and and confident in in their roles 5 Monitor our externalities closely through frequent PESTLE analysis engagement with research companies and local thought leaders frequently reviewing our operational risks risks to to include and monitor new COVID-19 related risks risks 56 - UBP INTEGRATED REPORT 2020