Leading with Vision, Inspiration and Integrity Carsten Bjerg CEO, Grundfos EFQM Forum 2013
Grundfos in Brief Yearly production of more than 16 mio. pumps Founded in 1945 by Poul Due Jensen Turnover: 3 bill. EUR (23 bill.dkk) 18.000 employees globally Profit before tax: 8-10 %
Grundfos in Brief Grundfos primarily manufactures: Circulator pumps Water booster pumps/systems Submersible pumps Industrial pumps Dosing pumps The world s largest manufacturer of pumps and pump systems Production and sale of electronic motors Development, production and sale of electronics for the control of pumps and pump systems Development, production and sale of New Business products
Grundfos in Brief WESTERN EUROPE: 19 companies 4 factories 2 other Brands NORTH AMERICA: 8 companies 4 factories CENTRAL EUROPE: 27 companies 7 factories CHINA: 5 companies 2 factories EMERGING MARKETS: 12 companies 2 factories ASIA PACIFIC: 16 companies 3 factories
Business Excellence Business Excellence supports Grundfos basic values Business Excellence has produced convincing results in the organisation Grundfos A/S the danish production company won the EFQM award in 2006 The objective is to have Business Excellence implemented at all levels of the organisation
Purpose Grundfos is a global leader in advanced pump solutions and a trendsetter in water technology. We contribute to global sustainability by pioneering technologies that improve quality of life for people and care for the planet.
Today s take-away Vision Inspiration & Integrity Excellence is when we not only say it but live it
Building Grundfos of the future?!
Time to choose our future
CO2 and Climate Change The world has to reduce CO2 emissions dramatically Need to fundamentally change how we live and work Reduction goals up to 90%
Population growth 2030: 8 billion people Growing need for energy, comfort and resources 20 trillion USD in energy infrastructure
Urbanization 60% will live in cities in 2030 Extreme pressure on all infrastructure Another 23 trillion USD in investment
Growing middle class 800 million move up into the middle class Tremendous economic growth Huge demand for life improvements
Growing markets Growth will take place outside our present main markets Asian pump market will soon be 50% of total pump market New competitors Even more competitive playing field
New technologies Emerging faster than ever Important to choose the right ones
Transforming Grundfos Make saving planet good business Be where growth is Prepare for tougher competition Develop the right technologies Rethink our business
Innovation Intent
Innovation Intent The dream Imagine that in 2025 we are 75,000 people 50 percent of our growth derives from technology platforms not yet invented one third of turnover comes from other products than pumps we are still no. 1 in circulators and a specialist in sustainable solutions for houses we are specialists in selling directly to end users within selected industrial segments and utilities we gravitate around local centres of excellence tapping into knowledge bases wherever they are we are experts in translating user needs into new products and business concepts we are the first choice of workplace for the best brains
Innovation Intent World Tour
Today s take-away Vision Inspiration & Integrity Excellence is when we not only say it but live it
The Grundfos Values
Grundfos runs its business in a responsible and ever more sustainable way We make products and solutions that help our customers save natural resources and reduce climate impact We take an active role in the society around us Grundfos is a socially responsible company We take care of our people also those with special needs
In Grundfos we do what we say, and we say what we do Our communication is open and honest among ourselves and with the world around us We put the facts on the table also when it is not pleasant
We develop the individual Everyone in Grundfos has passion and potential Everyone has the power to influence Everyone must feel respected and valued
The main shareholder of Grundfos now and in the future is the Poul Due Jensen Foundation Profit is a means to growth not a goal in itself We ensure a healthy financial foundation at all times
Grundfos creates value through close relations with customers, suppliers and other stakeholders We are a global company building on local entrepreneurship We believe that diversity drives innovation and growth
In Grundfos we never stop challenging ourselves to create better solutions faster We take pride in delivering premium quality in everything we do We show leadership and innovate the future
Today s take-away Vision Inspiration & Integrity Excellence is when we not only say it but live it
Leadership
The world is changing everything is interconnected uncertainty is the new normal complexity is increasing the marketplace is global the speed of change is increasing resources are getting scarce
You are only a leader if you are followed Grundfos Leadership Principles: You are present You inspire passion, curiosity and joy You empower people You build high-performing teams You invent tomorrow
You are present So you are honest and create trust listen and pay attention are visible and lead by example demonstrate the courage to constructively challenge and disagree with others actively cascade communication You inspire passion, curiosity and joy So you are passionate about what you do are curious, ask questions and seek new answers celebrate excellence and small as well as big successes have fun and do not take yourself too seriously
You empower people So you involve people and delegate decision power create accountability by setting clear targets challenge and develop each individual recognize and celebrate the everyday heroes encourage entrepreneurship reward taking risks and learning from failures You build high-performing teams So you create mutual commitment value diversity and create an inclusive working environment team up and collaborate across functional and geographical borders creating synergies are courageous and use the support you get
You invent tomorrow So you create understanding and clarity by painting the big picture and setting direction have a healthy dissatisfaction with status quo are agile and react quickly to change interact with your customers and the world around you
Great leadership in Grundfos makes it possible to successfully deliver on short term commitments while building the Grundfos of the future
Setting direction everywhere! GRUNDFOS GROUP STRATEGY 2013-2017 NOW WE EXECUTE!
Grundfos Shop Floor Excellence
Today s take-away Vision Inspiration & Integrity Excellence is when we not only say it but live it
Thank you for the attention! Q/A