Allied Electronics Corporation Limited (Altron)
Joint winner of the 2016 Blank Canvas International Award for Sustainability
Category for large enterprises
The cloud has changed everything
These are exhilarating times for businesses which understand that what is popular in the marketplace today might be gone and forgotten tomorrow.
The business landscape, especially the electronics industry, is littered with once-successful products that are now virtually museum pieces: the pre-digital camera; tape recorders, video cassette recorders, dial-up internet, palm pilots…
Having been in business since 1965, Altron has seen and been through the electronics lifecycle enough times to know that the next wave of newness is just around the corner. You’d better be ready for it.
Right now, the current wave is all about the cloud; the internet has changed everything. But what stands out this time is the sheer speed and velocity of the change. It’s all happened extremely quickly.
In no more than a few years, the electronics industry has become highly converged and concentrated, with telecoms companies dominating and hardware companies taking strain because of the rush to the cloud.
The key is to adapt and to adapt fast
A quick look at Altron’s history since 1965, when it started up as a manufacturer of DC equipment, shows how good the group has been at shedding assets that are showing “fatigue” and acquiring fresh assets in new and growing directions.
It has been many years, for instance, since Altron washed its hands of home appliances and exited the increasingly difficult consumer cellphone market. By contrast, it has strengthened its position as a technology company with valuable intellectual property in fintech, healthtech, safety and security, not just in Africa but also in the United Kingdom, Australia and Malaysia.
Knowing when to let go and when to take on new business lines is only one of a multiplicity of factors that have converged to create Altron’s 52-year-long story… and counting.
Here is the group’s sustainability strategy in a nutshell: Do business for longer. Do business better. Be the best in what it does. Employ the best people, develop and retain them. Improve and grow the bottom line. Anticipate risks and seize opportunities.
It seems so simple: the art is in the execution.