What are Mission Vision & Core Values of Hager Group Company?

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What are the Mission, Vision, and Core Values of the Company?

Mission and vision statements are crucial for strategic planning, guiding businesses and shaping their corporate identity. These statements define an organization's purpose, aspirations, and guiding principles, ensuring consistent decision-making and fostering a cohesive culture. The Company, a leading independent family-owned business in electrical installations, uses these as strategic foundations.

With a reported turnover of €3.2 billion in 2023, a 12.3% increase, and 13,000 employees globally, the Company is an innovation leader. Its comprehensive product portfolio, including energy distribution systems and building automation solutions, is guided by a commitment to innovation and sustainability. Explore its strategic position further with the Company BCG Matrix.

The Hager Group mission focuses on delivering comprehensive electrical installation solutions for residential, commercial, and industrial buildings. Their commitment extends to providing integrated, user-friendly systems spanning energy distribution, cable management, wiring accessories, and building automation, serving a global market across over 100 countries.

Customer Focus

The Hager Group mission prioritizes meeting diverse customer needs with robust electrical solutions.

Innovation-Driven

Continuous product development and digital advancements are central to their approach.

Global Reach

Hager Group operates in over 100 countries, demonstrating a wide market scope.

Integrated Solutions

They offer comprehensive solutions from energy distribution to building automation.

Strategic Acquisitions

Acquisitions like Pmflex and Eficia enhance their product and service breadth.

Value Proposition

Their unique value lies in providing comprehensive, integrated, and user-friendly solutions.

The Hager Group mission is to be a leading provider of electrical installation solutions, focusing on residential, commercial, and industrial sectors. This commitment is evident in their global presence and strategic acquisitions, such as Pmflex and Eficia, which bolster their integrated offerings. For more details on their operational framework, explore the Revenue Streams & Business Model of Hager Group. Their core value proposition emphasizes comprehensive, user-friendly solutions across energy distribution, cable management, wiring accessories, and building automation.

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The Hager Group vision focuses on shaping the electrical world of tomorrow, aiming for a leading role in energy management and distribution. This involves driving the energy transition within the building sector by providing innovative, future-proof solutions, from energy distribution systems to advanced charging stations. The company's commitment to this vision is supported by significant investments in research and development, accounting for 5% of its sales, and strategic initiatives in digitalization and sustainability. Their focus on intelligent energy management systems and electric vehicle charging infrastructure demonstrates a clear path towards achieving this future. With a turnover of €3.2 billion in 2023 and an EcoVadis Platinum rating in November 2024, placing them among the top 1% for CSR performance, Hager Group is well-positioned to fulfill its ambitious Hager Group vision for the future.

Future-Oriented Leadership

Hager Group aims to lead the electrical world's evolution, focusing on energy management and distribution.

Driving Energy Transition

The company is committed to advancing sustainable energy solutions within the building sector.

Innovation Investment

5% of sales are reinvested into research and development to foster innovation.

Sustainable Solutions

Focus on intelligent energy management and EV charging infrastructure supports sustainable development.

Strong Financials

Achieved €3.2 billion turnover in 2023, demonstrating robust performance.

CSR Excellence

EcoVadis Platinum rating in 2024 places them in the top 1% for CSR performance.

Hager Group's vision is to shape tomorrow's electrical world, leading in energy management and distribution. This ambitious Hager Group vision for the future involves driving the energy transition in the building sector through future-proof solutions, from energy distribution to charging stations. The company's commitment is evident in its significant investment of 5% of sales into research and development, alongside strategic digitalization and sustainability initiatives. For a comprehensive understanding of their strategic direction, explore the Mission, Vision & Core Values of Hager Group. Their 2023 turnover of €3.2 billion and EcoVadis Platinum rating in November 2024, placing them in the top 1% for CSR, underscore their capacity to achieve this vision.

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Hager Group's core values are fundamental to its corporate culture, guiding daily operations and interactions with all stakeholders. These principles, established by the founders in 1955, ensure consistency in the company's approach to business and innovation.

The company's core values are Authenticity, Courage, and Integrity. These values shape Hager Group's identity, drive its entrepreneurial spirit, and build trust with employees, partners, and customers, ensuring a consistent and reliable presence in the electrical solutions market.

Authenticity - The Value of Our Identity

Authenticity means Hager Group remains true to its origins and identity, ensuring it stays strong and trustworthy in a dynamic world. This value fosters an environment where genuine and transparent interactions contribute to a robust internal identity and trust, reflecting the Hager Group company culture and values.

Courage - The Value of Action

Courage embodies Hager Group's entrepreneurial spirit, driving it to innovate and seek new business models and solutions for the electrical world. This is evident in significant investments, such as the €40 million allocated to R&D in France by 2026, enabling cutting-edge smart building and energy management technologies.

Integrity - The Value of Trust

Integrity ensures consistency between words and actions, applying to products designed for compliance and durability, and contributing to a low-carbon lifestyle. Their commitment to ethical conduct and responsible procurement is highlighted by an EcoVadis Platinum rating in November 2024.

Customer Focus - The Value of Partnership

While not explicitly listed as a founding value, customer focus is implicitly woven into Hager Group's operations, ensuring solutions genuinely address user needs and build lasting trust. This commitment is crucial for understanding the Target Market of Hager Group and delivering relevant innovations.

These Hager Group core values in practice establish a foundation of trust and reliability, driven by a pioneering spirit and commitment to long-term sustainability. Explore how Hager Group mission and vision influence the company's strategic decisions in the next chapter.

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A company's mission and vision are fundamental to its strategic direction, guiding decisions from product development to market expansion.

These statements act as a compass, ensuring that all actions align with the organization's ultimate purpose and aspirations.

Hager Group's Guiding Principles

Hager Group's mission and vision are deeply embedded in its strategic decision-making, driving innovation and sustainability.

• The company's mission is to be a leading provider of solutions for electrical installations and energy management.
• Their vision is to shape tomorrow's electrical world.
• Strategic investments, like the €120 million announced for France in May 2024, directly support these guiding principles.
• This investment includes €40 million for R&D and €5 million for decarbonizing sites, reflecting a commitment to innovation and sustainability.

Strategic Alignment in Action

Hager Group's strategic decisions are consistently aligned with its mission and vision, evident in its investment in R&D and decarbonization efforts.

Innovation and Sustainability Focus

The company prioritizes smart, user-friendly systems that enhance energy efficiency and building automation, directly supporting its vision for the future.

Acquisitions Driving Growth

Strategic acquisitions, such as Pmflex and Eficia, have expanded Hager Group's offerings in electrical installations and energy management, reinforcing its mission.

Measurable Sustainability Impact

Hager Group achieved a 14% reduction in CO2 emissions (Scope 1+2) in 2022 and targets a 50% reduction by 2030, showcasing its commitment to environmental goals.

Digitalization for Efficiency

The CEO highlighted digitalization as crucial for sustainability and efficiency improvements, demonstrating how operational strategies are shaped by the company's core purpose.

Long-Term Vision in Practice

The company's mission and vision influence long-term planning, including market expansion into new energy management solutions, and daily operations through sustainable practices.

Hager Group's mission and vision statements are integral to its strategic decisions, guiding investments in innovation and sustainability, and shaping its market presence. Explore the Competitors Landscape of Hager Group to understand its market positioning further.

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To enhance its strategic clarity, the company could refine its vision to include more specific, quantifiable market leadership aspirations in emerging sectors like smart grid solutions. Additionally, explicitly integrating the concept of 'connected ecosystems' and a commitment to cybersecurity within their mission or vision statements would better align with evolving industry trends and consumer priorities.

Quantify Future Market Leadership Ambitions

The current vision, while forward-looking, could benefit from more specific targets regarding leadership in rapidly growing segments such as smart grid technologies and distributed energy resources.

Emphasize Connected Ecosystems and AI Integration

Explicitly stating a role in enabling interconnected smart buildings through AI-driven predictive maintenance and energy optimization would align with industry shifts, as the electrical contractors and wiring installation market is projected to reach $1.41 trillion in 2025.

Incorporate Cybersecurity Commitment into Mission/Vision

Highlighting a dedication to secure and resilient electrical infrastructures would address growing concerns around data security in connected environments, reinforcing the company's comprehensive solution provider status.

Strengthen Alignment with Evolving Industry Trends

By refining its mission and vision to reflect advancements in digitalization and smart infrastructure, the company can better position itself within a dynamic market, as detailed in the Growth Strategy of Hager Group.