What are Mission Vision & Core Values of IMI Company?

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What drives IMI plc's global engineering solutions?

Mission and vision statements are crucial for any business, defining its purpose and aspirations. IMI plc, a global engineering company, excels in designing and manufacturing highly engineered products for fluid control. Their solutions are vital across various sectors, ensuring safer and more efficient operations.

For IMI, these statements are more than declarations; they are embedded tenets guiding business decisions, driving innovation, and shaping corporate culture. They foster consistent performance and stakeholder trust, reflecting a deep commitment to their principles. Explore their strategic landscape with an IMI PESTEL Analysis.

The IMI Company mission statement highlights its dedication to solving complex problems through advanced engineering. It focuses on partnering with customers to address current demands and future challenges, ensuring positive outcomes for business, daily life, and global sustainability. This commitment drives lasting impact for all stakeholders.

Problem-Solving Focus

IMI Company excels at solving intricate engineering problems, collaborating with customers to meet evolving industry needs.

Innovation Embrace

The company embraces innovation, ensuring its solutions are cutting-edge and prepared for future challenges.

Global Reach

With manufacturing in 18 countries, IMI Company provides global support and service for its engineered solutions.

Customer-Centricity

IMI's mission is deeply customer-centric, focusing on enhancing safety, productivity, and efficiency for its clients.

Sustainable Impact

The company is committed to creating a better, more sustainable world through its engineering solutions.

Growth and Development

The 'Growth Hub' initiative generated a record £149 million in new orders in 2024, demonstrating strong growth.

IMI Company's mission emphasizes its role as a problem-solver through engineering expertise, targeting customers across vital industries such as energy, industrial automation, life sciences, and transportation. The core products and services involve highly engineered fluid and motion control solutions, including valves, actuators, and integrated systems. The market scope is global, with manufacturing facilities in 18 countries and a worldwide service network. IMI's unique value proposition lies in delivering breakthrough engineering that enhances customers' safety, productivity, and efficiency, coupled with a commitment to creating a better, more sustainable world. This mission is strongly innovation-focused and customer-centric, evident in their 'Growth Hub' initiative, which generated a record £149 million in new orders in 2024 by collaborating with customers to solve acute industry challenges. For instance, their solutions for the hydrogen value chain scaled rapidly, contributing £66 million in 2024, up from £7 million in 2022, demonstrating their commitment to future-oriented, sustainable solutions. For more details on their financial strategies, explore the Revenue Streams & Business Model of IMI.

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IMI Company's vision is to achieve global leadership in fluid and motion control. This involves addressing complex customer needs and proactively preparing for future market shifts. The company aims to innovate and deliver solutions that align with enduring megatrends, such as automation, energy efficiency, and growing healthcare demands, ensuring sustained impact across critical industries worldwide. This strategic direction underpins the IMI Company mission vision and values.

Global Leadership

IMI Company aims for market leadership in fluid and motion control globally, reflecting its strategic direction.

Customer-Centric Solutions

The vision emphasizes solving acute customer challenges through innovative solutions.

Future Preparedness

IMI Company prepares for future opportunities, aligning with megatrends like automation and energy efficiency.

Consistent Performance

The company achieved its fifth consecutive year of profit and margin growth in 2024, demonstrating strong financial health.

Profit Growth

Adjusted operating profit increased by 6% to £436 million in 2024, supporting its strategic goals.

Margin Expansion

Adjusted operating margin reached 19.7% in 2024, with a new target of '20%+', reinforcing the IMI Company vision for the future.

IMI Company's vision, while not a single explicit statement, is deeply integrated into its ambition to be a global leader in fluid and motion control. This forward-looking approach focuses on addressing specific customer challenges and anticipating future opportunities, aligning with significant global trends such as automation, energy efficiency, and increased healthcare demand. The company's global scope aims for market leadership and substantial influence across vital industries by providing innovative solutions. This vision is both aspirational and achievable, supported by consistent financial performance. In 2024, IMI delivered its fifth consecutive year of profit and margin growth, with adjusted operating profit rising by 6% to £436 million and organic adjusted operating profit growth of 10%. The adjusted operating margin reached 19.7% in 2024, with a new target of '20%+', demonstrating a solid foundation for achieving its leadership goals. For more insights into the company's strategic focus, consider reviewing the Target Market of IMI. This reinforces the IMI Company mission vision and values framework.

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The core values of IMI plc are integral to its operational framework, guiding its strategic decisions and fostering a distinct organizational culture. These principles define the company's approach to business, innovation, and stakeholder engagement, ensuring alignment with its broader mission and vision.

IMI Company core values and their meaning are encapsulated in three key principles: Always Care, Be Curious, and Create Impact. These values drive the company's commitment to ethical conduct, continuous innovation, and delivering tangible, positive outcomes for its customers, employees, and the environment.

Always Care

This value underscores IMI's dedication to integrity and responsibility towards its customers, colleagues, and the planet. It is reflected in rigorous safety protocols and a strong commitment to product quality, with 96% of its 49 manufacturing locations holding ISO9001 Quality Management certification.

Be Curious

IMI Company values in practice include fostering a culture of inquiry and innovation, encouraging employees to question existing methods and seek novel solutions. This approach led to the 'Growth Hub' delivering £149 million of new orders in 2024, focusing on turning customer challenges into breakthroughs.

Create Impact

This value emphasizes IMI's drive to deliver tangible results that benefit business, everyday life, and the world. Their solutions directly support customers in achieving carbon reduction targets and enhance energy efficiency, contributing to strong performance in 2024 and expected continued growth in 2025.

Environmental Stewardship

As part of 'Always Care,' IMI is committed to reducing its environmental footprint, aiming to halve CO2 intensity by 2030 from 2019 levels. In 2024, the company generated 6,082 MWh of renewable energy from solar panels at 17 locations, demonstrating its dedication to sustainability.

These core values of IMI Company provide a robust framework for its operations and strategic direction. To understand how these principles influence the company's financial structure and ownership, explore the article on Owners & Shareholders of IMI, which delves into how mission and vision influence the company's strategic decisions.

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A company's mission and vision are foundational, guiding its strategic decisions and shaping its long-term trajectory. These statements articulate the organization's purpose and its aspirations for the future, influencing everything from product development to market expansion.

IMI Company's Mission, Vision, and Values

IMI Company's strategic direction is deeply intertwined with its mission and vision, particularly through its 'One IMI' operating model. This model emphasizes commercial excellence and market-led innovation, focusing on growth in key sectors aligned with global megatrends.

• Focus on attractive long-term growth markets.
• Leverage automation, energy efficiency, and healthcare demand.
• Drive impact through innovative technologies.
• Ensure alignment with financial framework and shareholder value.

Strategic Decisions Guided by Mission

IMI's mission to solve acute industry challenges directly influenced the 2024 acquisition of TWTG Group BV, enhancing its digital transformation and IoT capabilities in Process Automation.

Vision in Action: Transport Sector Review

The strategic review of the Transport sector in Q1 2025 demonstrates a commitment to financial targets, reflecting a disciplined capital allocation approach aligned with the company's vision.

Product Development and Innovation

The 'Growth Hub' innovation engine, part of the Growth Strategy of IMI, generated £149 million in new orders in 2024 through solutions like Retrofit3D, enhancing efficiency and reliability.

Market Expansion Driven by Values

Focus on energy-saving solutions in Climate Control and rapid scaling of hydrogen value chain solutions, reaching £66 million in 2024, exemplify market expansion aligned with sustainability principles.

Measurable Success Metrics

In 2024, IMI achieved 4% organic sales growth and 10% organic adjusted operating profit growth, with an adjusted operating margin of 19.7%, demonstrating the tangible results of its strategic alignment.

Leadership Perspective

CEO Roy Twite highlighted that the growth strategy has fundamentally transformed IMI, leading to an 11% CAGR in adjusted basic earnings per share over five years, underscoring the impact of mission and vision.

IMI's mission and vision statements are integral to its strategic decision-making, influencing operational execution and capital allocation, and setting the stage for continued growth and value creation.

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Enhancing the clarity of foundational statements is key for any organization. For IMI Company, refining its mission and vision can further solidify its public identity and strategic direction. This involves a more explicit articulation of its purpose and future aspirations.

Formalize Mission and Vision Statements

While IMI Company operates with a clear purpose of 'Breakthrough engineering for a better world' and is recognized as a global leader in fluid and motion control, formally adopting distinct and concise mission and vision statements on its primary corporate platforms would significantly improve stakeholder understanding.

Integrate Future Technologies into Vision

As technologies like AI in predictive maintenance and digital twins gain prominence, IMI Company could explicitly incorporate its commitment to leveraging these advancements within its vision statement to underscore its forward-thinking approach.

Explicitly Link Sustainability to Engineering Solutions

To further strengthen its strategic foresight, IMI Company could explicitly state within its mission or vision how evolving consumer behaviors, such as the demand for circular products, and changing regulatory landscapes for sustainability will directly inform its engineering solutions.

Develop a Unified Mission Statement

Adopting a single, overarching mission statement that encapsulates IMI Company's purpose of solving acute industry challenges through engineering for a better, more sustainable world would provide a powerful and unified message.

Understanding the Mission, Vision & Core Values of IMI is crucial for grasping its strategic direction and organizational culture. The company's purpose, often summarized as 'Breakthrough engineering for a better world,' serves as a de facto mission. Its position as a global leader in fluid and motion control functions as its de facto vision. These guiding principles inform IMI Company's strategic goals and its commitment to its values.