Working at Olympus Singapore: Company History, Culture, Benefits, and Leadership

Olympus APAC is committed to supporting healthcare professionals in the Asia Pacific region by collaborating with them to deliver top-notch solutions and services for early detection, diagnosis, and minimally invasive treatment. Their local presence allows them to provide comprehensive services, including sales, repair, and support, ensuring customers receive optimal assistance.  

In this article, Aniday will delve into the details of Working at Olympus Singapore: Company History, Culture, Benefits, and Leadership.

General Information

Olympus Corporation is a Japanese company specializing in optics and reprography products. Established in 1919, with an initial focus on creating microscopes and thermometers. However, as Olympus continues to diversify its product offerings, and fast forward to today, it is now one of the major players in the world of optical products. With operations in nearly 40 countries and 31,000 employees worldwide, it has indeed proven to be a major success in this industry. 

Company History 

1919-1921

• Founding of Olympus by Takeshi Yamashita as Takachiho Seisakusho in Tokyo, Japan (1919)

• Sales launch of the Asahi microscope (1920)

• Registration of the Olympus name as a trademark (1921)

1940-1950

• Launched the first Olympus camera, the Semi-Olympus I (1936).

• Renaming of the company to Olympus Optical Co., Ltd. (1949)

• Developed the world’s first practical gastrocamera in 1950.

1960-1972

• Launch of GTF gastrocamera with fiberscope (1964)

• Established Olympus Optical Co. in Hamburg, Germany (1964).

• Launched the OM-1 compact, lightweight SLR camera (1972).

1980-1983

• Establishment of Olympus Corporation of America (1968)

• Launched the BH2 microscope series (1980)

• Developed the OES (Olympus Endoscopy System) and AH2 microscope series (1983)

2000-2003

• Launch of EVIS EXERA series endoscopic video system (2000)

• Introduction of IPLEX industrial videoscope system (2001)

• Launch of EVIS LUCERA, VISERA series, and electrosurgical IT Knife (2002)

• Renaming of the company to Olympus Corporation (2003)

2020-2021

• Launch of ORBEYE surgical microscope with 4K 3D video technology (2017)

• Introduction of the new Corporate Philosophy (2018)

• Celebration of Olympus' 100th Anniversary (2019)

• Launch of Evis X1 system (2020)

Products and Services

Olympus offers wide range of products as follows 

• Cameras

• Audio

• Medical and Surgical

• Scientific: Microscopes and Optics

• Industrial: industrial equipment, including scanners, flaw detectors, cameras, and more.

Olympus APAC specializes in a comprehensive Medical portfolio encompassing endoscopes, laparoscopes, and advanced video imaging systems. The array of offerings extends to surgical energy devices, tailored customer solutions, medical services, and cutting-edge EndoT7herapy instruments designed for various surgical applications.

Company Culture 

Olympus aims to enhance people's well-being, safety, and fulfillment by supporting advanced medical procedures and fostering a sense of security. Through its business endeavors, Olympus strives to contribute to global society. This serves as the essence of its existence.

Guiding its actions are Core Values that include Integrity, Empathy, Long-Term View, Agility, and Unity. These shared values unify Olympus employees globally and permeate every aspect of its work, enabling Olympus to fulfill its Purpose.

Enhance Agility by Delegating Authority

Olympus aims for global excellence, valuing a uniform image but stressing the necessity of supportive company frameworks. There's a commitment to change, considering more authority delegation for increased agility. Concerns about challenges and responsibility clarity are noted, especially in the sensitive medical field. Recent HR system revisions are seen positively for improved functionality and internal collaboration.

The Need for Diversity in Human Resources to Drive Change

Olympus is reforming its HR system to efficiently allocate talent, considering both internal and external candidates. Stakeholders express mixed feelings, citing the challenge of immediate alignment in the specialized medical device field. Emphasis is placed on shared purpose, core values, and the need for a long-term perspective in evaluations.

Increase Cost Efficiency Instead of Reducing Costs

Olympus prioritizes operational efficiency in its transformation plan, emphasizing cost efficiency over cost reduction. Strategies include consolidating materials, improving task clarity, and fostering concentration and efficiency. The company contributes to other divisions by transferring technologies to drive new growth.

Agility Is Vital to an Organization

To ensure sustainable growth at Olympus, the focus is on embracing change, fostering agility, and avoiding complacency in business domains. The team emphasizes the need for continual evolution, recognizing long-term risks, and maintaining a proactive stance in the dynamic market landscape.

Employee Benefits

Healthcare Benefits

• Medical plan options with prescription coverage

• Health Savings Account option with Olympus annual contribution

• Dental Plan

• Vision Plan

• Flexible Spending Accounts with healthcare and dependent daycare

• Coverage for spouse or domestic partner and child(ren) effective on the employee date-of-hire

Wellness Programs

• Seminars and wellness challenges

• Employee Assistance Program

• Annual Medical Checkups

• Flu Vaccinations 

• Dental benefits

Financial Benefits

• A competitive salary package which includes Annual Wage Supplement (AWS) and Variable Bonus

• Annual Bonus

• Company-paid Short-Term and Long-Term Disability

• Company-paid Business Travel Accident Insurance

Work-life Balance

• Supportive culture of hybrid and remote roles

• Paid time off and sick time off

• 18 days of annual leave in your first year

• Educational Assistance

• Bereavement time off

• Parental leave

• Adoption assistance

Company Leadership

Marc Radatt: Marc joined Olympus in 2004 as Managing Director for Australia and New Zealand. In 2013, he became the Division Director for Consumer Imaging in Asia Pacific. In 2019, he was appointed CEO of Olympus Corporation of Asia Pacific, overseeing the region and serving as Managing Director of Olympus Singapore. He also sits on the board of APACMed.

Conclusion 

In summary, Olympus is dedicated to advancing well-being, safety, and fulfillment through advanced medical support while contributing to global society. Guided by core values, the company's employees worldwide work cohesively to fulfill this overarching purpose. This article by Aniday has provided a brief overview of Olympus Singapore, highlighting the company's history, culture, benefits, and leadership.