NIBE GROUP
MANAGEMENT PHILOSOPHY
Our business principles
Our management philosophy is deeply rooted in eight basic ideas that constitute the foundation of all our operations and create the conditions for our continued success. Although our top priority is profitability, which is essential to our ability to operate, we will never compromise on our values to achieve it. Our attitude is that long-term profitability can only be based on respect for legislation, honesty, good relations and transparency. NIBE’s Our Business Principles handbook is available in 20 languages.
Profitability
High productivity
Profitability is and always has been our tradition and is the most fundamental and important factor behind long-term success and sustained growth. It ensures freedom of action and independence, generates well-being and security for employees and makes us an attractive employer when we recruit new employees.
High productivity is essential to competitiveness, and our productivity philosophy is based on the belief that everything can always be improved upon and that, if you can’t measure it, you can’t improve it. Performance-based salary systems based on accurate methods time measurements (MTM) encourage the optimisation of working time and promote high productivity and fair salaries.
Quality in everything – focus on the customer
Market-oriented expansion built on common sense
We must be a secure partner whom customers can always rely on. NIBE must have certified management systems for quality and the environment in place in its production facilities. NIBE must be available to deal with its customers in a professional manner and to help them choose the right solutions that will help reduce their costs and their environmental impact.
Continuous growth is essential to our development. A combination of good organic growth and prudent acquisitions is the best possible way to constantly breathe new life into the organisation. Expansion into new markets must be carefully considered and consistently implemented.
Committed employees
A long-term approach
Commitment is created by clear, sincere leadership that sets a good example. Shared values, simple organisational forms and development opportunities for all create a culture characterised by initiative, humility and common sense in which everyone can thrive.
A long-term approach means that responsibility, resilience and continuity will always triumph in the long run. Changes are only implemented after careful consideration and testing. Our ambition to create long-term relationships, internally as well as with customers and suppliers, provides the platform for truly sustainable business activities.
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Our Business Principles
Aggressive product development Aggressive product development with the objective of always having the best-performing range is a prerequisite for good organic growth and expansion into new markets. Our focus is on leading the way in intelligent, energy-efficient, environmentally-friendly products that help mitigate climate impact and promote sustainable development.
Focus on three core businesses A clear focus on three business areas creates clarity both internally and externally. It also spreads risk and results in reasonable risk exposure. Another benefit is the constant increase in know-how in each area, which gives us an analytical advantage that can be used for acquisitions.
NIBE INDUSTRIER AB ANNUAL REPORT 2021
