Hitachi was founded in 1910 as a mechanical repair shop in Japan. Its mission is to contribute to society through the development of superior and original technologies and products. Hitachi is now a Japanese multiconglomerate and is the eighth largest information technology company in the world by revenue. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay During the 1980s, Hitachi, Sony JVC and Matsushita started a joint venture in Europe and it was the first time that Hitachi entered the European market. Hitachi Europe's strategy included expanding the environmentally sensitive infrastructure unit. The Horizon project and the Lithuanian nuclear power plant were formulated in terms of nuclear expansion. The rail business project was formed in terms of transport expansion and support of ETI/NEDO demonstration projects in the UK as an expansion of decarbonisation. Hitachi is also focusing on regional expansion in Europe and market entry in the social innovation sector. Hitachi also focuses on innovating new businesses such as Big Data solutions and next-generation T&D solutions. Hitachi owns 1,056 subsidiaries and has more than 335,000 employees. Their values ​​are harmony, sincerity and its pioneering spirit. Its vision is to deliver innovations that respond to societal challenges while inspiring the world. Its main activities in Europe concern information and telecommunications systems, energy systems, railway systems and construction machinery. Hitachi has a projected revenue of 400 billion yen by 2018. Hitachi is the largest Japanese company that has diversified into so many different markets. They have aircraft, aircraft engines, automotive systems, components and devices, construction machinery and defense systems. Due to diversification in many areas, Hitachi focuses on different parts of items in different parts of the world. For example, railways in Europe, elevators in China, and automotive parts in North America. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay During World War I, as Japan kept imports to a minimum, Hitachi had to convince large local companies to buy their products. Zaibastu was disbanded before World War II because it held too much power. During the 1960s, MITI allowed General Electric, RCA, and Xerox to sell their products in Japan, but they had to agree to enter into a joint venture with other Japanese companies and share technology (Hitachi with RCA). During that time IBM was big in Japan, the government didn't want them to succeed so they gave Hitachi customers the terms preferred by the government sponsored "Japan Electronic Computer Corporation". The Japanese government also contributes to the development of information technology by investing 22 billion yen.