Goals for 2008
In order to continue the successful development of I.M. Skaugen, we have highlighted a number of key strategic goals –– to carry the organisation forward in 2008.
The goals we have set out are the major signposts for the business. However, these goals are underpinned by our core values, such as employee development, safety, quality and a ‘right first time’ attitude, which we strive to continuously improve as we endeavour to meet and exceed our stakeholders’ demands.
Key strategic goals
We will aim to increase shareholder value by:
- Ensuring we live to our company descriptor of offering “innovative maritime solutions;
- Continuing our focus on driving our three principal business areas to increasing our cash returns from operations;
- Maintaining our tight control of costs and enhancing our efficiency programmes in order to sustain a lowest possible EBIT cost level that ensures we can weather any general business downturn if it were to come about:
- Continually looking for opportunities for new projects within our core competence areas which can lead to future revenue streams;
- Leveraging the advantage we have gained from our Chinese activities – including our gas transportation activities, our SMC newbuilding activities and own recruitment and training programmes – to enhance operations right across the Group;
- Develop the skills of employees and attract new recruits to help drive our innovate business activities;
- Utilising the latest available information and communications technology (ICT) that allows our business model to function and to enable simple and effective management of all parts of our business