Question: For this reason, we are making continuous efforts toward training and fostering new employees on a Companywide basis, the dissemination of Sumitomo's business philosophy, the

For this reason, we are making continuous efforts

For this reason, we are making continuous efforts toward training and fostering new employees on a Companywide basis, the dissemination of Sumitomo's business philosophy, the basis of the Management Principles - and developing human resources. We use a combination of on- the-job training and off-the-job training to promote effective development of human resources, with the former based on job rotations and the latter reflecting the characteristics of each business. Under the medium-term management plan Be the Best, Be the One 2017," to strengthen individual ability on a global basis, we will revise the Human Resource System and enhance personnel development pro- grams. In addition, we will promote the appropriate allocation of human resources in line with the medium- to-long-term strategy. Determine what type of management is involved. (1) Explain the importance of at least two key practices of this management that is evident in this extract. (4)

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