What are Mission Vision & Core Values of Knorr-Bremse Company?

The mission clearly defines Knorr-Bremse's purpose: to improve mobility. It also specifies the target areas: roads and railways. This dual focus allows the company to address a broad market while maintaining specialized expertise.

The mission emphasizes three key value propositions: safety, efficiency, and climate-friendliness. These are not just aspirations; they are the core drivers behind Knorr-Bremse's product development and innovation efforts. The company's commitment to these values is reflected in its company values.

Knorr-Bremse translates its mission into action through its business operations. This includes developing advanced braking systems and other safety-critical subsystems for both rail and commercial vehicles. For example, the company's commitment to sustainability is evident in its SYNACT® disc brake family, which reduces weight and fuel consumption.

Innovation and sustainability are central to Knorr-Bremse's mission. Initiatives like the Digital Automatic Coupler for freight trains demonstrate the company's dedication to enhancing automation and efficiency in rail transport, reducing environmental impact. This approach aligns with the growing demand for sustainable solutions in the transportation sector.

The Knorr-Bremse mission effectively addresses both customer needs and broader societal challenges. By focusing on safety, efficiency, and sustainability, the company not only meets the demands of its customers (manufacturers and operators of rail and commercial vehicles) but also contributes to a safer and more environmentally responsible transportation ecosystem.

Knorr-Bremse's mission is closely aligned with its strategic objectives. The company's focus on innovation and sustainability positions it well for future growth in a market increasingly driven by environmental regulations and technological advancements. For more insights into the company's financial performance and strategic direction, consider exploring resources like Owners & Shareholders of Knorr-Bremse.

The Knorr-Bremse vision explicitly states the ambition to be a "global driving force." This signals a clear intent to achieve market leadership in the mobility and freight transportation sectors. This ambition is supported by Knorr-Bremse's strong market position, particularly in braking systems and related technologies.

Innovation and sustainability are core pillars of the Knorr-Bremse vision. The emphasis on "innovative and sustainable system solutions" reflects the company's commitment to developing cutting-edge technologies while minimizing environmental impact. This dual focus is crucial in today's market, where both technological advancement and environmental responsibility are paramount.

The Knorr-Bremse mission extends beyond mere business objectives. It includes a commitment to "add value for our customers" and "make a positive contribution to society." This demonstrates a stakeholder-centric approach, recognizing the importance of customer satisfaction and broader societal impact. This is a key element of their corporate strategy.

The vision's scope is clearly defined: transforming mobility and freight transportation. This includes making these sectors "safer, more reliable, and more efficient." Knorr-Bremse is actively involved in projects related to autonomous driving, electrification, and digitalization, which are key drivers of this transformation.

The Knorr-Bremse vision statement explained is both realistic and aspirational. It builds upon the company's existing strengths and market position while setting ambitious goals for the future. For example, Knorr-Bremse invested €769 million in research and development in 2023, demonstrating its commitment to achieving its vision. This investment supports their long-term vision for the future.

The vision is highly relevant to global megatrends, such as urbanization, climate change, and the growing demand for efficient transportation. The emphasis on sustainability, safety, and efficiency aligns with these trends, making the vision compelling and forward-looking. This makes Knorr-Bremse a key player in the industry.

A substantial portion of Knorr-Bremse's revenue is dedicated to research and development (R&D). This investment, approximately 6.9% of sales in 2020, fuels technological advancements and positions the company as a leader in the industry.

The Knorr-Bremse's mission and Knorr-Bremse core values emphasize sustainability, leading to ambitious climate protection goals. These goals include a commitment to reduce production-related carbon emissions by 75% by 2030 from 2018 levels, influencing product development and operational practices.

Knorr-Bremse's pursuit of becoming a global leader in mobility solutions drives strategic partnerships and market expansions. The acquisition of KB Signaling is a prime example of how the company strengthens its presence and capabilities in key markets, such as North America.

The alignment of Knorr-Bremse's vision with its strategic initiatives is evident in its financial performance. The record order book of €7.2 billion at the end of 2024 sets a solid foundation for 2025, with projected revenue growth to €8.1 billion to €8.4 billion.

The increase in the operating EBIT margin to 12.3% in 2024 underscores the positive impact of these strategic initiatives. CEO Marc Llistosella emphasizes the critical role of the BOOST strategy in achieving ambitious goals and fostering sustainable growth.

Knorr-Bremse's strategic objectives are deeply rooted in its corporate philosophy, which emphasizes innovation, safety, and sustainability. These principles guide the company's decision-making processes and shape its long-term vision for the future.

Knorr-Bremse's core values are not just stated; they are actively demonstrated through concrete business practices. These examples illustrate how the company integrates its values into its operations, ensuring that its actions align with its stated principles.

Investments in research and development (R&D) and innovation centers are direct reflections of Knorr-Bremse's commitment to technological excellence and entrepreneurial spirit. These investments support the development of cutting-edge solutions and drive continuous improvement, which is critical for maintaining a competitive edge. In 2023, Knorr-Bremse invested approximately €400 million in R&D, demonstrating its dedication to innovation.

The BOOST 2026 program, with its focus on efficiency and effectiveness, is a tangible demonstration of Knorr-Bremse's drive for performance. The program aims to streamline processes, reduce costs, and improve overall operational efficiency. By the end of 2023, the BOOST program had already identified potential savings of over €100 million, showcasing its impact on enhancing performance.

Knorr-Bremse's sustainability strategy, including ambitious targets like a 75% reduction in carbon emissions, highlights its commitment to responsibility. This commitment extends beyond environmental concerns to encompass social and governance aspects. The company has set a target to reduce its Scope 1 and 2 emissions by 75% by 2030, compared to a 2018 baseline. This commitment is a key component of Knorr-Bremse's long-term vision for the future.

The implementation of SAP SuccessFactors solutions to streamline HR processes and enhance employee experience aligns with Knorr-Bremse's value of Responsibility towards its employees. These solutions improve HR efficiency and support employee development. Knorr-Bremse's employee satisfaction rate, as measured by internal surveys, has consistently remained above 75%, reflecting the positive impact of these initiatives.

Knorr-Bremse has established formal programs and systems to ensure that its core values are consistently upheld across all areas of the business. These systems play a crucial role in embedding the company's values into its operations and fostering a culture of accountability.

Leadership principles guide managers in creating a supportive and inclusive work environment. These principles help to ensure that all employees understand and embrace the company’s values. Knorr-Bremse's leadership training programs emphasize these principles, with over 80% of managers participating in leadership development initiatives annually.

Systems for managing supplier collaboration emphasize transparency and efficiency, which aligns with the values of Reliability and Responsibility. These systems ensure that Knorr-Bremse's suppliers adhere to the same high standards of quality and ethical conduct. Knorr-Bremse's supplier sustainability assessments cover over 90% of its procurement spend, demonstrating its commitment to responsible sourcing.