INVISTA Overview – Philosophy
INVISTA’s business philosophy, Market Based Management® (MBM®), is a value system and a framework for action that encourages employees to think and act as principled entrepreneurs as we work to create long-term value for customers and for society as a whole.
This philosophy enables us to practice the process of creative destruction, constantly searching for opportunities to improve and grow as we drive change internally to survive and prosper. Rooted in guiding principles such as integrity, humility and respect, MBM® attempts to bring some of the workings of the free market inside the company, building on the belief that freedom is a powerful engine for generating well-being, discovery and growth. INVISTA’s MBM® Guiding Principles are:
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Integrity: Conduct all affairs lawfully and with integrity. |
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Compliance: Strive for 10,000% compliance, with 100% of employees fully complying 100% of the time. Ensure excellence in environmental, safety, and all other compliance. Stop, think and ask. |
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Value Creation: Create real long-term value by the economic means. Understand, develop, and apply Market Based Management® to achieve superior results. Eliminate waste. |
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Principled EntrepreneurshipTM: Demonstrate the sense of urgency, discipline, accountability, judgment, initiative, economic and critical thinking skills, and risk-taking mentality necessary to generate the greatest contribution to the company. |
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Customer Focus: Understand and build relationships with customers to profitably anticipate and satisfy their needs. |
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Knowledge: Seek and use the best knowledge and proactively share your knowledge while embracing a challenge process. Measure profitability whenever practical. |
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Change: Embrace change. Envision what could be, challenge the status quo, and drive creative destruction. |
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Humility: Practice humility and intellectual honesty. Constantly seek to understand and constructively deal with reality to create real value and achieve personal improvement. |
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Respect: Treat others with dignity, respect, honesty, and sensitivity. Appreciate the value of diversity. Encourage and practice teamwork. |
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Fulfillment: Produce results that create value to realize your full potential and find fulfillment in your work. |
These principles help strengthen and position INVISTA’s businesses to create superior value for customers around the world.
Charles Koch has published a book on Market Based Management® called The Science of Success. To learn more about MBM® and this book, please visit the Web site at www.kochscienceofsuccess.com.
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