Volvo 2005 Annual Report Download - page 13
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...a focused
strategy...
The Volvo Group focuses its business on products for commercial use. The Group’s business
areas have competitive volumes and strong global positions. The objective is to be number
1 or 2 in terms of size in the sectors in which we are active, or to show a superior growth rate.
An import ant element of this strategy is to strengthen positions on markets with high growth
potential and to increase the customer base.
Customer-oriented strategy
The ability to attract various categories of customers is one of our most valuable assets.
Our brands are well-known and strong in most parts of the world. Strong brands combined
with an attractive product portfolio enable the Group to stay competitive.
Currently, we are working intensively with developing the dealer networks and as a result
improving service to our customers.
Strong product portfolio
The Volvo Group’s large volumes provide resources to aggressively develop customized cus-
tomer offerings optimized for various applications. Concurrently, this provides the Group the
possibility to invest in future technologies such as alternative drivelines and supplementary fuels.
In recent years, the rate of product renewal has increased significantly within all of the busi-
ness areas and 2005 was another year dominated by major product launches. By capitalizing
on economies of scale and Group-wide technologies and architecture, the Volvo Group will fur-
ther strengthen its product portfolio in the years ahead and thus increase its competitiveness.
Capitalize on economies of scale
The Group’s size and structure create opportunities for effectively utilizing Volvo’s collective
resources and achieving economies of scale in a number of key areas. The development
and manufacturing of engines have been concentrated in a separate business unit, Volvo
Powertrain, which provides the Group with engines and other driveline components. There
is also Volvo Parts, which optimizes inventory management and distribution of spare parts,
and Volvo Logistics, which handles optimal logistics solutions for the Group’s materials flow.
Volvo Group 2005 9