Business concept, vision and goals
BUSINESS CONCEPT
Lagercrantz Group’s business concept is – within well-defined niches and in partnership with customers and suppliers – to offer value-creating technical solutions in electronics, electrics, communication and related fields.
VISION
Lagercrantz vision – is to be a leader in value-creating technology with market-leading positions in several expansive niches.
Leading means good growth and profitability, and creation of a positive development for customers, based on new technology or new concepts, driving the industry’s development and refining our own business.
Value-creation means to add value in goods and services offered by taking advantage of all our accumulated experience, and technical and industrial knowledge. Customers are offered unique solutions and new combinations, technology, design and adaptation, as well as service, support and training.
A market-leading position means being number one or two in a defined sub-market – a niche.
GOALS
Lagercrantz Group’s financial goals are:
Growth is measured over a business cycle as profit after finance items. The return-on-equity goal is converted internally to return on working capital being not less than 45 percent. Follow-up against goals is performed on an ongoing basis during the year to allow rapid response by action. The Group operates with a clear internal comparison among the companies to enable each subsidiary to measure its own performance relative to other companies in the Group.