Our strategy

We drive sustainable shareholder value through…

Providing engineering support and expertise through our global network
Developing products for regulated markets in specialists areas
Delivering reliable products for harsh environment applications
Working closely with our customers to solve difficult problems and to meet their needs

 

We maintain our competitive advantage by…

Strong focus on harsh environment/performance critical applications
We work closely with our customers to develop and deliver electronics solutions that are fit for purpose – suited for the harsh environments where the end products operate; continuing to perform reliably for mission critical applications. Our high performing products enable our customers to stay ahead of their competition.
Highly relevant experience resolving customer challenges
We bring a wide range and years of well-tested expertise in engineering electronics to our customers. We understand our customers’ challenges. We work closely and flexibly to respond to their situations. We have proven capability in meeting stringent regulatory requirements in the specialised markets we serve.
Global performance, in many different ways
The different cultural backgrounds of our teams enables us to support our customers in different geographical markets, and gives them access to world class know-how. Our global footprint and experience gives us agility and opportunity to optimise our supply chain.

We work together in the TT Way

Do the right thing

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.

Our Strategy

We launched our strategic programme in Spring 2015. The programme is underpinned by six strategic priorities, providing focus for investment and change. And we will measure our performance by the three outcomes. The new strategy is also a call to action for everyone in TT to work together as one TT and to harness the expertise of the whole Group to build a more successful and sustainable future. The roll-out of the strategy consisted of a series of Group-wide engagement and communication activities throughout 2015.

We will return to sustainable profitable growth in three phases

Refocus, rebuild, sustainable growth

We focus our activities under six strategic priorities

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.