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Our strategy “Mobility for tomorrow”

“As a leader in technology, we combine a passion for innovation with the highest standards of quality to shape the future of mobility – for a world that will be cleaner, safer and smarter.” This is the vision of the Schaeffler Group. To live up to this claim, Schaeffler adopted its “Mobility for tomorrow” strategy in 2016. Based on long-term trends, it defines 4 focus areas and 8 strategic pillars for continued profitable growth, as well as 16 initiatives for implementation. Digitalization is a significant megatrend and consequentially an important future opportunity for Schaeffler. This is to be accordingly leveraged by means of the “Digital Agenda” initiative.

Our world is in motion at a pace that is gathering speed. Climate change is progressing, and urbanization, globalization and digitalization are on the rise. These factors will impact and alter the way we live and work in the future. That applies in particular to the area of mobility and goes well beyond our cars to other forms of transportation, both in cities and in the spaces between them. Schaeffler is determined to play an active role in shaping these changes.

With its strategy “Mobility for tomorrow”, finalized during the course of the year 2016 following in-depth consultations with executives and the Supervisory Board and adopted in November, Schaeffler has set the course for sustainable profitable growth.

Vision and Mission

In its mission, the Schaeffler Group describes the task it is committed to. Underlying this mission are three key concepts: working in partnership with customers and business partners, top-level expertise in manufacturing technology, and advanced systems know-how. The Schaeffler Group’s vision and mission complement and amplify one another, with the vision encompassing the goals and aspirations that guide the company’s course of action.

Mission
“Guided by the values of a global family business, we work closely together with our customers as true partners to deliver a compelling value proposition through our best-in-class expertise in manufacturing technology and systems know-how. In doing so, we contribute to the success of our customers, the advancement of our employees, and the prosperity of our society.”

Vision
“As a leader in technology, we combine a passion for innovation with the highest standards of quality to shape the future of mobility – for a world that will be cleaner, safer, and smarter.”

4 Focus areas

The 21st century world is changing at an unprecedented pace. Rising demands for environmental protection have led to the transformation of energy systems. Urbanization is progressing rapidly, and globalization and digitalization connect the entire world, both physically and in virtual space. Based on these long-term trends, automotive and industrial supplier Schaeffler has defined 4 focus areas as part of its strategy "Mobility for tomorrow" on which the company intends to concentrate in the future.

Eco-friendly drives

Whether in cars, heavy-duty trucks or production machines: Maximum energy efficiency and the lowest possible emission values are required wherever mechanical movement is generated. Schaeffler develops and produces components and systems for optimized internal combustion engines, as well as for hybrid and electric drives.

Urban mobility

Nowhere is the shift in mobility as noticeable as it is in megacities across the globe. New mobility concepts, based on the intelligent combination of individual vehicles with public transportation services are rapidly gaining acceptance. Schaeffler is on board, from micro-mobiles all the way to subway trains.

Interurban mobility

In a networked world, mobility between large conurbations plays an especially important role. Increasing rail and air transportation requires innovative technological solutions – just as modern agriculture does. Schaeffler offers adapted solutions for all these sectors.

Energy chain

Climate protection can only be achieved if the entire energy chain from generation to transport to use is continuously optimized. As a partner of the energy industry, Schaeffler supports the expansion of renewable energy generation, focusing particularly on wind power, but also on hydropower and solar energy as well.

8 Strategic pillars

In order to achieve profitable growth in all focus areas, Schaeffler has determined 8 strategic pillars that define the scope for future entrepreneurial action. On one hand, these pillars define the company’s self-understanding as a global technology partner of the automotive sector and industry, that delivers both components and systems. On the other hand, they specify the prerequisites as well as the values by which Schaeffler lives.

Schaeffler views E-Mobility, Industry 4.0 and Digitalization as key opportunities for the future. These areas offer vast potential for change. For example, Schaeffler estimates that in 2030 more than every other new car will be equipped with electric drives (hybrid vehicles included). Industrial 4.0 has a similar significance for the industrial business: Machines and production plants will communicate largely without human intervention in the coming decade. Digitalization changes not only products and production processes in both divisions, but also all processes from development all the way to utilization by the customer. The convergence of the real and digital worlds enables new business models and a sustained increase in added value.

16 Strategic initiatives

Each strategy is only as good as the results that come of it. In developing its strategy, the company intensively addressed the question of how to implement it as efficiently and consistently as possible. Based on the positive experience, the Schaeffler Group gained with its first transformation program, “One Schaeffler”, which was successfully implemented by the end of 2015, the company has developed a tailor-made Excellence program that summarizes the most important strategic initiatives and places them in five categories. Fittingly, the Schaeffler Group calls this Excellence program “Agenda 4 plus One”.

“Agenda 4 plus One” includes the following 5 categories: Customer focus, Operational excellence, Financial flexibility, Leadership and talent management, and – as “plus One” – Securing long-term competitiveness and value creation. “Agenda 4 plus One” comprises 16 strategic initiatives that are of utmost importance worldwide. The declared goal is to successfully implement all initiatives by the end of 2020. The “Digital Agenda” plays a central role in this context.

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