ABB revised 5 year plan aims to outgrow its markets from 2011-15, execute on cost and productivity - 0 views
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In its updated 5-year strategy announced today, ABB also said tight execution on cost and productivity—aiming for annual productivity improvements equivalent to 3-5 percent of cost of sales—will further contribute to increasing profitability over the period, along with targeted expansion of its service and software businesses.
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ABB’s strategy is built around five components: increasing competitiveness by matching production to local market needs while driving productivity and quality improvements; capitalizing on macro trends such as emerging market growth, resource efficiency and climate change where markets are growing faster than global GDP; leveraging its leading market positions and technologies in core businesses like power grids and industrial automation to take market share; continuing its successful acquisition policy to accelerate growth in priority gap areas; and exploiting disruptive opportunities, such as direct current (DC) technologies, to enable a wide range of energy efficient automation and power solutions.