We continue our vigorous pursuit of a clear strategy that has already moved our business forward significantly in recent years. Increasingly we are focused on industry or sector leading customers in niche markets that are themselves growing. Adding value to such customers and improving their performance is the route to sustainable profit growth.
Four main strategic growth imperatives are understood by all the senior management in IMI and embedded throughout our businesses:
Accelerating our key account focus
By assembling highly talented customer-focused, entrepreneurial-minded teams of people in IMI, adopting a carefully targeted approach to the selection of our customer partners and by understanding the drivers of customers' businesses, we add long-term value for both them and us.
Increasing our creative abilities
We invest in techniques in IMI to improve customer and market insight and use our acquired knowledge to heighten our engineering capabilities and customer offerings.
Seizing the market initiatives
We are expanding our local resources and investment in response to the fast-growing markets of Asia and Eastern Europe, and also recruiting highly talented people from these territories throughout our business.
In line with business strategy we aim to recruit 25% of our graduates from China.
Complementary acquisitions
We are increasing our efforts to secure strategic acquisitions. We will ensure these align with and support our existing businesses and help develop new markets further.
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