Emerson 2011 Annual Report Download - page 10

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08 | 2011 Emerson
Drive Business Efficiency. Emerson’s disciplined
and proven management process identifies and
prioritizes opportunities to improve how we operate.
We challenge ourselves in all areas of the business
to execute more efficiently and exceed expectations
of our customers and shareholders. Whether it is
investing in growth and technology or repositioning
assets more competitively, we manage the business
in a dynamic way to drive higher levels of return on
total capital.
Business efficiency at Emerson means consistently
improving trade working capital through optimized
asset utilization, generating strong operating
cash flow and managing capital expenditures
opportunistically. Our goal is to maintain a healthy,
strong balance sheet and the flexibility to invest in
growth throughout economic cycles.
Operating globally with high ethical standards and
uncompromised integrity is core to our values. We
don’t just deliver consistently improving results –
we do it the right way, which is in the best interests
of our customers, employees, communities
and shareholders.
LOOKING AHEAD
Emerson’s measurements of success in creating and
delivering value remain unchanged and are based on
four fundamental targets:
“ EMERSON’S GLOBAL MANAGEMENT PROCESS IS FOCUSED AND DISCIPLINED. BY EFFECTIVELY
DRIVING OPERATIONAL IMPROVEMENT WE MEET OUR CUSTOMERS’ NEEDS, ACHIEVE SUPERIOR
FINANCIAL PERFORMANCE AND GENERATE CASH TO REINVEST IN INNOVATION, TECHNOLOGY
AND PRODUCTIVE ASSETS. OUR EMPHASIS ON EFFICIENCY AND PRODUCTIVITY ENABLES US TO
CONSISTENTLY RETURN CASH TO OUR SHAREHOLDERS. THIS PROCESS IS AT THE FOUNDATION
OF OUR BUSINESS CULTURE.”
VIDEO MESSAGE FROM
FRANK J. DELLAQUILA