PHILOSOPHY
PHILOSOPHY
Our Vision and our distinct set of Values drive the success and spirit of our organization. At ESAB, under Colfax leadership, we live our values. Our Vision and Values help us to make strategic decisions, allocate resources, and focus our choices every day.
Our Vision
To be the premier global provider of innovative welding and cutting solutions for any metal fabrication.
Our Values
CUSTOMERS TALK, WE LISTEN
The voice of the customer will always drive the development of our strategic plans and actions. Living this value is done by getting Customer Input and Expectations, at every opportunity, and by differentiating ourselves in How We Deliver to our customers.
THE BEST TEAM WINS
Team-oriented, involved associates are our most valuable resource, and we are passionate about attracting, developing, and retaining the best talent. Living this value is done in three primary ways: 1. Building the right team - having the right people to do the job; 2. Creating the right environment -making sure that leaders create an environment where all associates can contribute, and 3. Getting the win - when you have the right people and right environment - it makes getting the win a lot easier!
CONTINUOUS IMPROVEMENT (KAIZEN) IS OUR WAY OF LIFE
Set breakthrough objectives, experiment and learn every day, eliminate waste in our business process., and benchmark the best, then better them. Living this value is done through understating that Change is a Must, and the use of Tools for Improvement. To live this value each ESAB associate fosters an environment of continuous learning employing the Colfax Business System Tools which is the basis of our culture.
INNOVATION DEFINES OUR FUTURE
Individual and organizational creativity will drive breakthrough ideas for technology, products, solutions, and processes. We live this value by providing differentiated customer solutions, creating products and services that improve quality of life and environmental stewardship through Creative Thinking, and by understanding What Innovation Brings.
WE COMPETE FOR SHAREHOLDERS BASED ON OUR PERFORMANCE
To consistently attract and retain loyal shareholders, we most deliver best-in-class results for profits, working capital, and cash flow. We live this value by developing aggressive, yet realistic and measurable performance objectives and consistently achieving established goals.
The COLFAX BUSINESS SYSTEM® (CBS) is our unique business-management system. It is a repeatable, teachable process that we use to create superior value for our customers, shareholders and associates. Rooted in our five core values, it is our culture. CBS provides the tools and techniques to ensure that we are continuously improving our ability to meet or exceed customer requirements on a consistent basis.
Each year, Colfax associates in every business are asked to develop aggressive strategic plans which are based on Voice of the Customer. In these plans, we are very clear about our market realities, our threats, our risks, our opportunities and most importantly, our vision forward. Execution and measurement of our plans is very important to us, which is where the process comes in. Our belief is that when we use the tools of CBS to drive the implementation of these plans, we are able to uniquely provide the customer with the world class quality, delivery, cost and growth they require. And that performance is what ultimately helps our customers and Colfax grow and win on a sustainable basis.
Core values at the foundation, key focus on the customer, hard targets and metrics along the way and a very systematic methodology to make sure we can execute and sustain in every Colfax Business over the long haul. That in a nutshell is CBS.