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.
To serve our individual interests, the shareholders and employees agree to combine resources to make them more productive than they would be apart. This Philosophy aligns with our individual values. We agree to practice these principles for our mutual benefit.
Positive Mindset
We bring a mindset of gratitude, achievement, and pride as foundations for happiness. We create value for our customers, the world, and ourselves through mutually rewarding relationships. We find joy in our work, are grateful for our opportunities, and take pride in what we create and achieve.
Customers/Profits
We strive to provide our customers the most competitive values and generate profits to continuously improve our products and services and increase Company value.
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 think objectively and constructively challenge ourselves and each other to improve our business through better ideas.
Teamwork
We work as a team of small, empowered teams. 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 our best and improve our character, habits, and competence. When necessary, we make short-term personal sacrifices to benefit our long-term interests.
Trust, Self-Management & Credibility
Mutual trust is the foundation for our continued success. We are each self-managed and responsible for our work and credibility. Self-managed, credible 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.
