Emerson 2005 Annual Report Download - page 24

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1 2 E M E R S O N 2 0 0 5
“ Meeting the
world’s needs...”
As these global trends emerged, some businesses
may have been taken by surprise. Emerson is not
surprised by these trends because we anticipated
them. In fact, we view these trends as opportunities,
and capitalizing on them will allow us to strengthen
our global market positions as we move forward.
Emerson follows a rigorous planning cycle with
a process that forces clarity and understanding from
the plant floor to the boardroom. A key part of that
planning process is an annual strategic review of
Emerson’s capabilities and how they match with trends
emerging in the markets we serve. Doing this in a
consistent and disciplined manner over a long period
of time allows us to identify emerging trends and be
ready for them. By proactively managing our portfolio
of businesses and by working with these unique
businesses to set the right priorities and investments,
Emerson is in a position to win.
The four key trends we have discussed here figure
prominently in today’s world. Energy efficiency is a way
of life. The communications revolution continues today
as digital, instant communication in all forms becomes
indispensable when conducting business. Recent events
prove that the resources for the world are limited, and
demand for those resources grows. And while it’s a big
planet, the world continues to get smaller as companies
engage in business without borders.
To fulfill Emerson’s role as a member of the
global community, we direct technology investments
to deliver on the promise of these trends, applying
knowledge and experience for the benefit of our
customers, and their customers, as we grow
Emerson’s businesses.
Whether we’re maximizing uptime at an oil refinery
or ensuring a constant flow of electric power, Emerson
teams and technology keep the world’s business in
Office of the Chief Executive: Walter J. Galvin, Senior Executive Vice President
and Chief Financial Officer; Charles A. Peters, Senior Executive Vice President;
Edward L. Monser, Chief Operating Officer