Value based management
Value creation is the basis of all our processes. Key elements of this philosophy are:
- Prioritization of investment funds:
- to ensure better correspondences between allocation of resources and strategy
- Tightening of capital expenditure discipline:
- to focus on supporting strategic potential within business units
- Introduction of value based management tools:
- to measure results in terms of profitability and capital input throughout the organization, and increase understanding of how value is created
- Introduction of performance related pay systems at all levels of the company in the near future will further encourage creation of value
