What are Mission Vision & Core Values of Valeo Company?

The Valeo mission centers on innovation, pushing the boundaries of automotive technology. This commitment is evident in their investments in research and development, which consistently account for a significant portion of their revenue. For instance, in 2023, Valeo invested approximately 12% of its original equipment sales in R&D, showcasing their dedication to staying ahead of the curve.

Sustainability is a crucial aspect of the Valeo mission, reflecting a broader industry trend towards greener solutions. Valeo focuses on reducing CO2 emissions through electrification and thermal management systems. Their efforts contribute to the automotive industry's shift towards more environmentally friendly practices. In 2023, Valeo's orders related to electric vehicles represented 41% of their total order intake, highlighting the importance of sustainability.

Valeo's mission is deeply customer-centric, focusing on enhancing safety and comfort. This involves developing advanced driver-assistance systems (ADAS) and improving the interior experience. Valeo's solutions are designed to meet the evolving needs of both automakers and end-users, ensuring a superior driving experience. The company's success is measured by its ability to meet and exceed customer expectations.

The Valeo mission is realized through technological leadership in key areas. These include electrification, ADAS, interior experience, and lighting. Valeo's expertise in these domains allows them to offer comprehensive solutions to the automotive industry. Valeo's advancements in these areas are crucial for the future of mobility.

Valeo's mission has a global scope, targeting automakers and new mobility players worldwide. Their products and services are designed to meet the diverse needs of the global automotive market. Valeo operates in numerous countries, serving a wide range of customers. Valeo's global presence allows it to address the challenges and opportunities of the automotive industry on a worldwide scale.

The Valeo mission is closely aligned with the company's strategic objectives. This alignment ensures that all activities support the overarching goal of innovation, sustainability, and customer satisfaction. The company's strategic initiatives are designed to achieve the goals outlined in its mission statement. To learn more about their mission, vision and values, check out this article: Mission, Vision & Core Values of Valeo.

Valeo's vision centers on becoming the foremost player in the automotive sector. This involves not just supplying parts but leading the charge in innovation and technological advancements. The company aims to set the standard for the industry, influencing the direction of automotive technology worldwide.

At the heart of Valeo's vision is a commitment to innovation. They strive to develop and deliver solutions that are at the forefront of technology. This dedication to innovation is critical for maintaining a competitive edge and meeting the evolving needs of the automotive market. Their focus on R&D, with an investment of 7% of annual revenue by 2024, underscores this commitment.

Sustainability is a key pillar of Valeo's vision. They aim to contribute to a more sustainable future through their products and operations. This includes developing technologies that reduce emissions and promote energy efficiency, aligning with global efforts to combat climate change. This focus is also a key factor in the company's long-term strategic goals.

Valeo's vision extends beyond mere financial success; it includes a commitment to making mobility safer, smarter, and more sustainable. This involves developing advanced driver-assistance systems (ADAS), improving interior experiences, and enhancing lighting technologies. Their strategic plan, 'Move Up,' is a testament to this commitment.

The vision is ambitious, but also grounded in realistic objectives. With a target of approximately €25 billion in sales by 2025, and significant investments in R&D, Valeo is positioning itself to achieve its vision. This balance of aspiration and practicality is key to their long-term success, as detailed in the Growth Strategy of Valeo.

Valeo aims to surpass customer expectations by delivering cutting-edge solutions. This customer-centric approach is integral to their vision of becoming a global leader. By anticipating and meeting the needs of their clients, Valeo ensures its products remain relevant and competitive in a rapidly changing market.

Valeo's substantial investment in R&D, projected to reach 7% of revenue by 2024, underscores its commitment to its Valeo mission of innovation. This investment is crucial for developing cutting-edge technologies and maintaining a competitive edge in the rapidly evolving automotive industry. This commitment is exemplified by the company's sustained investment in new technologies, with R&D spending consistently above industry averages.

The expansion of Valeo's global manufacturing footprint, including a projected 10% increase in production capacity in 2023, reflects its Valeo vision of becoming a global leader. This expansion allows Valeo to meet growing demand and strengthen its market presence worldwide. This is a crucial step in achieving their strategic goals.

Valeo's target of reducing workplace accidents by 50% by 2024 demonstrates its commitment to safety, a key aspect of its Valeo core values. This focus on safety and sustainability is integral to its mission of creating a better future. Furthermore, the company's focus on reducing its environmental impact, including initiatives to reduce carbon emissions and promote sustainable manufacturing processes, aligns with its broader vision of responsible corporate citizenship.

The Valeo mission and Valeo vision shape day-to-day operations by fostering a culture of innovation and a focus on quality. This is reflected in the company's commitment to employee development, with programs designed to enhance skills and promote a culture of continuous improvement. This also influences the company's approach to talent acquisition and retention, ensuring that it attracts and retains employees who align with its values and vision.

Long-term planning is guided by Valeo's aspirations for sustainable growth and market leadership in emerging technologies. This includes strategic partnerships, acquisitions, and investments in new technologies to maintain its competitive edge. This proactive approach ensures that Valeo remains at the forefront of innovation in the automotive industry.

While specific quotes directly linking decisions to mission/vision were not always readily available, CEO Christophe Périllat's statements about the 'Move Up' plan clearly reflect the strategic alignment with cleaner and safer mobility. This demonstrates a clear link between the company's stated goals and its actions. This is further supported by the company's financial performance, with revenue growth and profitability reflecting the success of its strategic initiatives.

The creation of the Valeo Power division in April 2024, which merged thermal and powertrain operations, is a direct implementation of its strategic focus. This restructuring supports intensified efforts in vehicle electrification, a core element of its Valeo mission for greener mobility.

Leadership plays a vital role in reinforcing the Valeo mission and Valeo vision. CEO Christophe Périllat actively promotes the 'Move Up' plan and its alignment with cleaner and safer mobility.

Communication of the Valeo mission and Valeo vision occurs through various channels, including the company website, press releases, and employee engagement initiatives. They utilize internal communication actions, events, and platforms to share their strategy and values with employees.

Valeo demonstrates the alignment between its stated Valeo core values and actual practices through several initiatives. This commitment is demonstrated by their commitment to reducing their environmental footprint, with 52% of sites ISO 50001 certified by the end of 2023, exceeding their initial 2025 objective.

Valeo has formal programs and systems in place to ensure alignment with its Valeo core values, such as its Code of Business Ethics and its CSR strategy structured around four pillars. Employee engagement surveys are also used to monitor alignment and identify areas for improvement.

The implementation of these values impacts employees by fostering a culture of safety, sustainability, and ethical conduct. This approach can lead to increased employee satisfaction and a stronger sense of purpose.

Valeo's commitment to continuous improvement is evident in its use of employee feedback and performance metrics. This ensures that the Valeo company remains aligned with its mission and vision.

The consistent implementation of the Valeo mission, Valeo vision, and Valeo core values is critical for achieving its strategic goals. For more information on how Valeo approaches its market, consider reading about the Marketing Strategy of Valeo.