Laitram Business Philosophy
In our philosophy we share a commitment to continuous improvement. We challenge ourselves to contribute more, help each other contribute more, and more fully develop the potential for integrity, achievement and pride in each of us.
The Laitram Business Philosophy outlines the foundational principles that guide how we conduct our business.
In order to serve our individual interests, the shareholders and employees of Laitram agree to combine our resources to make them more productive than they would be apart. This philosophy is consistent with our individual values. We agree to practice these principles for our mutual benefit.
Customers/Profits
We provide our customers the most competitive values while generating the profits needed to continuously improve our products and services.
Productivity
We define productivity as increasing customer value or reducing Company costs. We continuously improve Company productivity with ideas, teamwork, and effort.
Ideas
We listen to each other. We challenge ourselves and each other to think objectively and continuously improve our business through better ideas.
Teamwork
We work as a team. We benefit from each other’s success. We treat customers, suppliers, and each other as we expect to be treated: with respect, honesty, and fairness.
Effort
We work hard to be the best we can be. We serve as positive examples for each other. We take pride in and show enthusiasm for our work. We have fun at work. When necessary, we make short-term personal sacrifices to benefit our long-term interests.
Self-Management/Credibility
We are each self-managed. We are responsible for our own credibility. Mutual trust is the foundation for our continued success. Self-managed people are our greatest resource.
Compensation
We agree to be compensated based on individual and Company performance. We will not ask for more, or be asked to accept less, than we have earned. We share in our success based on the value of our individual contributions.
