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Annual Report 2012 - Knorr-Bremse AG.

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<strong>Report</strong><br />

39<br />

YOU CHOSE TO DEFINE NEW<br />

CORPORATE VALUES IN <strong>2012</strong>.<br />

WHY DID YOU THINK THE TIME<br />

WAS RIGHT<br />

Dr. Marc Pastowsky: The business<br />

world has been stepping up its<br />

focus on values for some time<br />

now, and of course we haven’t<br />

remained untouched by this trend.<br />

But I believe that in intensively<br />

re-examining our values at<br />

<strong>Knorr</strong>-<strong>Bremse</strong>, we were actually<br />

responding to an inner need. A<br />

lot has changed in recent years,<br />

both at <strong>Knorr</strong>-<strong>Bremse</strong> and in our<br />

business environment. We have<br />

grown rapidly as a company and<br />

are becoming increasingly global,<br />

embracing more and more people<br />

of different cultural backgrounds.<br />

In particular, young people who<br />

join our company as well as many<br />

employees at our different<br />

locations across the globe want to<br />

know what the company stands<br />

for. By redefining our values we<br />

were aiming to formulate our<br />

identity – our “corporate DNA”<br />

– and set it down in writing,<br />

making it accessible to our<br />

employees around the world.<br />

Julia Thiele-Schürhoff: Values<br />

traditionally play an important role<br />

in a family-owned business. Our<br />

responsibility towards future<br />

generations is also becoming<br />

more and more important for us<br />

as a company. Taken together,<br />

these considerations led us to<br />

focus on what actually defines<br />

<strong>Knorr</strong>-<strong>Bremse</strong> as a company. What<br />

factors contributed to our success<br />

and made us so strong in the<br />

past And how can we ensure that<br />

this success continues in the<br />

future In our corporate values, we<br />

have written down all of the<br />

convictions and expectations that<br />

form the core of our corporate<br />

culture. The values now serve as a<br />

kind of compass for all employees,<br />

setting uniform standards for the<br />

way we work, our business<br />

practices and our behavior<br />

towards one another. They are<br />

intended to build bridges between<br />

the different regions and<br />

locations within the Group – transcending<br />

cultural differences. And<br />

finally, they are designed to inspire<br />

us to keep moving forward and<br />

developing. Not just as a company,<br />

but also as individuals.<br />

ANY DISCUSSION OF VALUES<br />

AUTOMATICALLY INVOLVES AN<br />

EXAMINATION OF BASIC<br />

PRINCIPLES. WHEN YOU WERE<br />

FORMULATING THE NEW<br />

VALUES, WERE YOU ALSO OUT<br />

TO REDEFINE THE KNORR-<br />

BREMSE BRAND<br />

Julia Thiele-Schürhoff: To all intents<br />

and purposes, these values already<br />

existed within the organization –<br />

they just hadn’t been stated<br />

explicitly. Clearly defined and<br />

authentic corporate values<br />

certainly make a brand stronger,<br />

but in this case we weren’t aiming<br />

to redefine the brand itself. As a<br />

manufacturer of safety-critical<br />

technology, for instance, Responsibility<br />

is essential and has always<br />

been part of our daily thoughts<br />

and actions. And our other values<br />

– Entrepreneurship in the form of<br />

proactive, forward-looking<br />

practices, Technological Excellence,<br />

Reliability and individual Passion<br />

– are all part of our tradition.<br />

Dr. Marc Pastowsky: It was more<br />

that we didn’t quite see ourselves<br />

reflected in the values in their<br />

previous form. In the past, the<br />

corporate values were more<br />

like a code of conduct – good<br />

in principle, but not very<br />

company-specific. They could<br />

have applied to any corporation.<br />

Our newly formulated values, on<br />

the other hand, come from within<br />

and reflect the special qualities of<br />

<strong>Knorr</strong>-<strong>Bremse</strong>: the strengths that<br />

have made us great and that<br />

remain vital to our future success.<br />

YOU SAID THAT THE VALUES ARE<br />

SUPPOSED TO PROVIDE A KIND<br />

OF COMPASS FOR ALL KNORR-<br />

BREMSE EMPLOYEES. HOW<br />

DOES ONE ARRIVE AT THAT<br />

SORT OF FRAME OF REFERENCE<br />

IN A GLOBALLY ACTIVE GROUP<br />

THAT UNITES MANY DIFFERENT<br />

CULTURES<br />

Julia Thiele-Schürhoff: The most<br />

important thing for us was that

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