OUR BUSINESS MODEL
Supporting our strategy
Our business model highlights how we combine our advanced engineering value chain in global markets with our strong core competencies and clear values to deliver strong nancial performance.
Our key strengths
Aerospace: a leading global tier one supplier to the industry. Automotive: a global business serving the world’s leading vehicle manufacturers. Land systems: a leading supplier of power management products and services.
Read more on pages 4 and 5
Our value chain
Designing new products and solutions: through investment in technology, together with an understanding of market trends and customer needs. Winning new business: offering value through strong engineering capability, global footprint and innovative solutions. Sourcing materials and products: a reliable source of key raw materials and components from a well developed, cost effective supply chain. Applying lean manufacturing: efficient and cost effective processes that add value throughout the manufacturing chain. Delivering high quality products: that meet customers’ needs.
Strong core competencies
Industry know-how: identifying future technology requirements to deliver market-leading solutions. Engineering capability: investing in technology and developing and maintaining a diverse range of engineering talent. Strong customer relationships: delivering innovation and exceptional service to build and maintain strong relationships.
Read more in our divisional case studies
Delivering strong financial returns
Our financial goals are based on a balanced approach between sales growth, margin and return on invested capital (ROIC).
Read more on page 9
Doing the right thing
By our people: providing a safe working environment; respecting rights; developing our people; speaking up if things aren’t right. As a business: building a high performance business supported by honest and proper conduct. In our world: protecting the environment; supporting communities; open communication.
Read more on pages 48 to 55
GKN plc Annual Report and Accounts