E-Z-GO 1999 Annual Report Download - page 6

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4 Consistent Growth
We’re managing our
business mix for higher
growt
Our Foundation
for Growth
Textron’s market-leading businesses
and world-renowned brands are
our foundation for growth. In all
of our business segments, we are
aggressively driving the top line
while improving the bottom line
at an even faster pace. In 1999:
◗Our world-class aircraft businesses
achieved a record $7.3 billion
order backlog, testimony to the
strength of our markets and out-
standing customer relationships.
◗Our Automotive segment
improved its return on invested
capital by 300 basis points and
received 17 awards for innova-
tion and quality from customers
around the world.
◗We acquired 12 industrial busi-
nesses in high-growth markets
such as telecommunications and
fiber optics while stepping up
the pace of integration, evidenced
by our 370 basis point margin
improvement in Golf, Turf Care
And Specialty Products.
◗Our Finance segment marked
its 21st consecutive year of net
income growth while expanding
its position in higher-growth
niche markets.
Levers of Performance
In our world of vigorous competi-
tion and accelerating change,
success boils down to one singular,
potent concept: execution.
At Textron, our Operations
Management Process is the very
blueprint of how we run the com-
pany. It is a rigorous discipline that
aligns our near- and long-term
strategies with financial and oper-
ating goals. It compels us to antici-
pate issues that could negatively
impact performance, helping us
avoid surprises and achieve consis-
tent results. It also ensures that we
have the right people in the right
place to successfully execute our
strategies and achieve our goals.
With the Operations Management
Process as our guide, we are:
Investing for Growth –
extending our leadership
positions in existing and new
high-growth global markets.
Driving Operational
Excellence – accelerating the
speed and depth of operating
improvement through Textron
Quality Management.
Leveraging E-Business – using
the enabling technologies of the
internet to drive growth and achieve
quantum improvements in how we
conduct business.