Wednesday, 20 July 2005

Baker Hughes' (BHI) Mission Statement

Core Values and Keys to Success

The Baker Hughes Core Values and Keys to Success are the basis for establishing a common culture for Baker Hughes. Our Core Values are: Integrity, Teamwork, Performance, and Learning. Our Keys to Success are four priorities that should guide decision-making in Baker Hughes: Engage People, Deliver Value, Be Cost Efficient, Resource Effectively.

Core Values

Integrity:

We believe integrity is the foundation of our individual and corporate actions that drives an organization of which we are proud.
  • We are a responsible corporate citizen committed to the health and safety of people, protection of the environment, and compliance with laws, regulations, and company policies.

  • We are honest, trustworthy, respectful and ethical in our actions.

  • We honor our commitments.

  • We are accountable for our actions, successes and failures.
Teamwork:

We believe teamwork leverages our individual strengths.
  • We are committed to common goals.

  • We expect everyone to actively participate on the BHI team.

  • We openly communicate up, down, and across the organization.

  • We value the diversity of our workforce.

  • We willingly share our resources.
Performance:

We believe performance excellence will drive the results that differentiate us from our competitors.
  • We focus on what is important.

  • We establish and communicate clear expectations.

  • We relentlessly pursue success.

  • We strive for flawless execution.

  • We work hard, celebrate our successes and learn from our failures.

  • We continuously look for new ways to improve our products, services and processes.
Learning:

We believe a learning environment is the way to achieve the full potential of each individual and the company.
  • We expect development throughout each individual’s career by a combination of individual and company commitment.

  • We learn from sharing past decisions and actions, both good and bad, to continuously improve performance.

  • We improve by benchmarking and adopting best practices.

Keys to Success

People contributing at their full potential. Everyone can make a difference.
  • We understand our priorities and performance goals.

  • We drive to do our part every day.

  • We support new ideas and take appropriate risks.

  • We take action to find and correct problems.

  • We commend each other on a job well done.
Delivering unmatched value to our customers.
  • We make it easy for customers to do business with us.

  • We listen to our customers and understand their needs,

  • We plan ahead to deliver innovative, cost-effective solutions.

  • We are dedicated to safe, flawless execution and top quality results.
Being cost efficient in everything we do.
  • We maintain a competitive cost structure for the long-term.

  • We utilize shared services to control cost for the enterprise.

  • We seek the best value for Baker Hughes in our relationships with suppliers.

  • We ruthlessly eliminate waste without compromising safety or quality.
Employing our resources effectively.
  • We assign our people where they can make the biggest contribution.

  • We allocate our investments to leverage the best opportunities for Baker Hughes.

  • We handle company assets as if they were our own.

  • We manage our balance sheet to enhance return on investment.
Source: BakerHughes.com

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