Corporate program impact
To implement the Strategic Way Forward with the active involvement of our employees, we launched the corporate program impact. impact has the aim of creating sustainable value in the Group. We want to achieve profitable growth in our businesses and markets while securing competitiveness, profitability and capital efficiency. For this, we have defined four initiatives, addressing the following key themes:
- Customers & Markets
Strengthening customer understanding, implementing market opportunities, developing regional and growth markets - People & Development
Developing skills and potential, and using them optimally - Performance & Portfolio
Improving efficiency and quality, optimizing the portfolio, increasing earning power - Innovation & Technology
Expanding technological expertise, improving innovation management, strengthening competitiveness
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Three enabling themes support the initiatives and define the framework for our business actions. They are:
- Transparency
The management of the ThyssenKrupp Group should be based on uniform performance indicators, understandable for all. This also applies to the impact program as a whole: It is part of operational budget planning; progress is monitored monthly. - Responsibility
Every employee is measured against the sustainable success of the company. This includes adherence to compliance rules. - Leadership and culture
In a modern corporate culture managers see themselves as role models and multipliers. For example, internal communication at ThyssenKrupp today is much more intensive than in the past.
impact replaces the previous corporate program ThyssenKrupp best. It retains proven methods, tools, templates and processes, and builds on successful ThyssenKrupp-best approaches. One example of this is continuous benchmarking. To make the effects of impact transparent the program is integrated into our financial planning and reporting systems.
With the introduction of the new corporate program the first-ever impact award was presented. The award is recognition for the three best measures under the corporate program in a fiscal year. First place went to Elevator Technology for the "Supply Management Efficiency Program". Second prize was won by Steel Europe for the measure "Energy cost reduction and increased energy efficiency", and third prize went to a Materials Services measure called "Establishing a central warehouse network for engineering steel".
Source: Annual Report 2010/2011, p. 53-54
