Corporate strategy and values

Climate change, urbanization, globalization, and digitalization are megatrends that are changing life and work around the world at great speed. This is particularly evident in mobility. Whether within cities, on the major transportation routes that connect them, or in the industrial sector, mobility is being redefined everywhere. Schaeffler is actively shaping these changes.

Corporate strategy “Mobility for tomorrow”

In its mission, the Schaeffler Group describes the task to which it is committed.

“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.”

The Schaeffler Group’s vision and mission complement and amplify one another, with the vision encompassing the goals and aspirations that will guide its future course of action.

“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.”

With the strategy of “Mobility for tomorrow”, Schaeffler is setting the foundation for sustainably profitable growth from now on. Based on the assumptions about the megatrends mentioned above, the company has defined four target areas:

• Eco-friendly drives
• Urban mobility
• Interurban mobility
• Energy chain

Building on this, the Schaeffler Group has developed eight strategic cornerstones that represent the concrete framework of the ongoing further development of the company. The implementation of the strategy “Mobility for tomorrow” will be ensured through the program for the future “Agenda 4 plus One”, which includes 20 strategic initiatives.

You can find more information about the strategy “Mobility for tomorrow” in the annual report 2018, Page 26 et seq. and under Sustainable products and technologies.

Mobility for tomorrow – 4 focus areas

Guiding values of a global family business

Schaeffler feels especially connected to the company values “Sustainable”, “Innovative”, “Excellent”, and “Passionate”. These values are the basis of the continuing success of the Schaeffler Group in the interest of, and for the benefit of, our customers, business partners, employees, and our executives as well as our shareholders and family shareholders.

The Schaeffler Group’s company values