The Executive Board charts the company’s course on the basis of various financial parameters. Under the “EAGLE” acronym (Eye At Growing a Longterm Enterprise), WACKER has been consolidating value-based management groupwide since 2002. For this reason, the strategic positioning of a business entity and its contribution to boosting the company’s value must be coordinated. This annual planning comprises fundamental decisions on investments, innovation plans, new markets and a variety of other projects.
Strategic planning is divided into two steps. First, divisions identify their market and competitive positions, as well as their value-related strength. The results are integrated into a proposal for measures and strategic positioning. This information is compared with other innovation and investment plans on a Group level and recommendations are then formulated for all divisions.
Strategic planning decisions are then included in operational planning, which takes place in the second half of the year. The Executive and Supervisory Boards jointly approve the strategy. Via monthly reporting, we check whether the targets have been reached and the forecasts proven correct. Our medium-term planning spans four years.
