Recent Developments
Snap-on is driving for faster customer responsiveness and is strengthening internal processes to advance its competitive position and increase sales and earnings opportunities. Snap-on’s Driven to Deliver™ strategic framework aligns the organization and serves as a catalyst for change, emphasizing a balance of three business principles: Quality People, Operational Fitness, and Profitable Growth.
• Quality People, the most critical of the strategic elements, means ensuring that Snap-on has the right people and systems in place to drive results.
• Operational Fitness is the way to make certain that Snap-on’s business units are functioning at a high level of efficiency and effectiveness. Key to creating this culture of continuous improvement is the implementation of lean business principles throughout the organization.
• Profitable Growth means growing the company while delivering a measurable increase in financial performance. Snap-on’s enhanced long-range planning process facilitates profitable growth through internal development and acquisition, growth of its customer base, and a continuous stream of innovative new products.
