introduction (3)
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introductionTRANSCRIPT
Introduction
Corporate Logo
The symbol of BMW stems from the company’s origins as aeroplane engine manufacturers.
From 1917, all of the company’s products displays the BMW emblem, which incorporates the
states of colors of Bavaria. The emblem makes its first appearance in the company’s advertising
in late 1920s. Since the end of the 1970s, BMW worked to create a standardized international
logo that today whenever people encounter the logo they recognize BMW.
Background
Nature of Business
The BMW group is one of the largest car and motorcycle manufacturers in the world. The BMW
group owns three of the strongest premium brands in the automobile industry with BMW, MINI
and Rolls-Royce. In additions, the BMW group offers a successful ranges of financial services.
BMW Financial Services offer an extensive product portfolio which supplies expert information
regarding financing and leasing, insurance, asset management, dealer financing and company car
pools.
http://www.bmwgroup.com/bmwgroup_prod/e/0_0_www_bmwgroup_com/unternehmen/
unternehmensprofil/geschaeftsbereiche/geschaeftsbereiche.html
Mission and Objective
BMW Group’s worldwide mission statement is:
“The BMW Group is the world’s leading provider of premium products and services for
individual mobility.”
The BMW Group aims to make even more efficient and sustainable. The mission statement
means leading the company to the future as the world’s leading supplier of premium vehicles and
services. It is believed to create value for employees and society. Innovation and the commitment
of its employees have allowed the company to become the world’s most sustainable mobility
company.
http://www.bmwgroup.com/bmwgroup_prod/com/en/responsibility/whats_next/mission_future/
index.html
Scope of Operations
Sustainability Management
- Leverage new opportunities, minimize risks and overcome social and business
challenges.
Product Responsibility
- Begins at the vehicle development stage and continues throughout the value chain, with
customer support provided until long after the utilization phase.
Group-wide Environmental Protection
- Aim to be the most resource-efficient carmaker in the world.
Supply Chain Management
- Work with suppliers to firmly establish sustainability throughout the supplier network.
Employees
- Attractive jobs, diversity, equal opportunities and well-being.
Corporate Citizenship
- Place focus on the areas in which core expertise can be applied to achieve specific and
measurable improvement.
Competitive Strategies
BMW Group took on a new strategy since 2007, given the name Number ONE, which stands for
‘New Opportunities’ and ‘New Efficiency’. Number One associates BMW Group with two
targets, which is to be profitable and to enhance long-term value in times of change. The strategy
applies to technological, structural as well as cultural aspects of the company. BMW Group
intends to strengthen its position within the global motor and vehicle market by increasing sales
up to the year 2020. The BMW Group has been implementing various initiative according the
four pillars, Growth, Shaping the Future, Profitability and Access to Technologies and
Customers. To grow its existing business, the BMW Group develops new and profitable area of
activity at the same time invests in future technologies, new vehicle concepts and pioneering
drive systems.
Products
BMW Group product range includes luxury vehicles, sports cars, motorcycles and bicycles.
Besides the mainly BMW cars, it also produces MINI cars and owns Rolls-Royce Motor Cars.
BMW produces motorcycles under BMW Motorrad and electric cars under BMW i. It also
manufactures automobile engines and supplies to other automobile companies. BMW has also
create a range of high-end bicycles sold online and through dealerships.
Markets
The main markets for BMW Group has been in Europe, USA, Japan and the Pacific region, with
the markets of Germany and the US accounting for almost half the total car sales. Important
markets have also been the fast-growing UK, Italian, French and Japanese markets.
Competitors
The main competitors are Chrysler Group LLC, Daimler AG, Ford Motor Co., General Motors
Company, Honda Motor Company, Nissan Motor, Tata Motors, Toyota Motor Corporation,
Volkswagen AG and many other automotive companies.