We drive sustainable shareholder value through…
We maintain our competitive advantage by…
We work together in the TT Way
We have developed and implemented a framework ‘The TT Way’ – our aspired culture that will help us achieve our plan – consistently. This framework describes TT at its best and is essentially about ensuring we have embedded the right behaviours whilst driving performance improvement.
We will return to sustainable profitable growth in three phases
We focus our activities under six strategic priorities
We measure ourselves on three outcomes
1. Improved Customer Performance
2. Improved Operational Performance
3. Improved Returns and Cash Generation
Our Strategic Priorities
1. Market leading position
Focus on opportunities where our competitive advantages lie to grow our market share, in particular in new geographies and various end markets to balance our presence.
2. Enhanced customer focus
Put our customers first and strengthen our partnerships. Proactively manage relationships to build and defend our leading supplier position. Improve our presence in key growth geographies.
3. Targeted and efficient R&D spend
Drive continued innovation to ensure our competitiveness. Improve effciency in our project management and engineering processes to help release funding for more product development.
4. Operational efficiency
The benefits of achieving best in class operational performance are significant and key to our competitiveness. Improving global procurement practices and embedding Lean principles and tools are our key focuses.
5. A lean, agile and learning organisation
Create a workplace where talented people can do their best and continue to develop, while ensuring we have the right capabilities to deliver our strategic priorities.
6. Financial discipline and performance management
Emphasis on transparency, openness and accountability in financial control and performance management.