Annual Report 2008 - Axiata Group Berhad - Investor Relations

President and Group Chief Executive Officer’s Business Review(cont’d.)Towards this vision, we have charted a completelynew set of strategic directions.In the past our strategy had been primarily predicatedon inorganic growth through acquisitions, which wasnecessary to build a strong footprint. We now need toshift our focus significantly, more towards organicgrowth by nurturing and developing our existingoperations.Alongside this, we need to transform the group into aworld class multinational company (MNC) in terms ofthe quality and standard of our people, processes andproducts and services, as well as our governance.To achieve the above, we need to restructure andstrengthen our group and subsidiaries managementteams. We also need to review the processes forperformance management, human capital, financial,strategy and planning, governance and risk management,to take them to the next level of discipline of MNCstandards. We also have to revise the strategies of oursubsidiaries and our M&A approach. Last but not least,a new engagement model with our OpCos, driven by avalue-adding corporate centre, needs to be developed.These are the ‘fundamentals’ that have to be put inplace to pave the way for our future.30Axiata Group Berhad Annual Report 2008(formerly known as TM International Berhad)