ITW – ILLINOIS TOOL WORKS
ITW was founded in 1912 with a vision of using people’s creativity to grow a business. To this day, ITW’s values of Integrity, Simplicity, Trust, Respect and Shared Risk are the core values for the creative and entrepreneurial culture that drives the Group’s growth. The Group’s divisions make up seven market-leading segments from a range of industries that focus on developing customer-oriented and innovative solutions. With a team of 50,000 employees in 56 countries, the Illinois-based Group puts great importance on close customer ties and impresses customers with its successful business model. Meurer has also integrated this business model into its work processes since acquisition in 2013.
Our ITW Values
Integrity
Simplicity
Trust
Respect
Shared Risk
ITW’s business model is made up of the following:
80/20 Front-to-Back Process This process puts the focus on the 20 percent of the core business that generates 80 percent of the revenue. The success of the business comes down to serving and developing relationships with these key customers. Customer Back Innovation Forward-looking and completive solutions are driven/developed based on customer insights and guided by market requirements. Decentralized, Entrepreneurial CultureITW supports autonomous working and the decision-making capabilities of each business unit. ITW also promotes a unique approach at each company to maximize the relevance and impact for their specific customers and end markets.
