Our Strategy and Values
QinetiQ uses its domain knowledge to provide technical advice to customers in the global aerospace, defence and security markets. Our unique positioning enables us to be a trusted partner to government organisations, predominantly in the UK and the US, including defence departments, intelligence services and security agencies.
Our Strategy
Priorities
The Board has agreed a clear action plan to deliver these objectives including:
- Set a clear direction which reduces the span of focus and matches both customer needs and core QinetiQ strength;
- Simplify and align structure with this direction removing unnecessary layers;
- Increase transparency and control through all levels;
- Upgrade leadership to ensure a commercial, value-oriented mindset;
- Create a strong performance culture of both accountability and empowerment in its people;
- Establish a lower level of cost base to ensure future competitiveness;
- Ensure a more unified approach Group wide to exploit key opportunities;
- Drive for cash generation to strengthen the Group's balance sheet.
Priorities
The Board has agreed a clear action plan to deliver these objectives including:
- Moving to a new structure comprising 3 divisions: US Services, UK Services and Global Products to ensure efficient leverage of expertise, technology, customer relationships and business development skills;
- Introducing standardised management reporting and regular reviews of key business drivers such as talent, innovation, cost reduction and portfolio focus;
- Assessing the top leaders Company-wide, setting targets for performance and behaviours which reflect Group objectives for profit and cash and providing appropriate incentives;
- Installing a Company-wide performance management system and increasing communication and engagement with employees to maximise their contribution, underpinned by a tracked and measured productivity programme;
- Rigorously examining business processes, key suppliers contracts and, in the UK, legacy employee terms and conditions, to remove structural cost from the business to ensure competitiveness and enable investment in key opportunities.
Our values
We are always guided by our core values of care, integrity, teamwork, commitment and excellence.
Care – for the safety of everyone involved in our operations by working openly with customers, partners and suppliers. Encourage and enable our people to develop by providing support, rewards and recognition. Contribute positively in community and environmental issues.
Integrity of our services to customers by providing balanced objective and independent advice and being honest, trustworthy and professional in our dealings internally and externally.
Teamwork with customers, suppliers and colleagues by being responsive to changing needs and situations. Listening to others, respecting their opinions and being open to constructive feedback.
Commitment to success – to each other and to our customers by seizing opportunities and seeing things through to completion. Working openly with our partners and suppliers to achieve mutual success.
Excellence – taking pride in our work by always striving to find a better way of doing things, encouraging innovation and sharing best knowledge and practices.
We are always guided by our core values of care, integrity, teamwork, commitment and excellence.
Care – for the safety of everyone involved in our operations by working openly with customers, partners and suppliers. Encourage and enable our people to develop by providing support, rewards and recognition. Contribute positively in community and environmental issues.
Integrity of our services to customers by providing balanced objective and independent advice and being honest, trustworthy and professional in our dealings internally and externally.
Teamwork with customers, suppliers and colleagues by being responsive to changing needs and situations. Listening to others, respecting their opinions and being open to constructive feedback.
Commitment to success – to each other and to our customers by seizing opportunities and seeing things through to completion. Working openly with our partners and suppliers to achieve mutual success.
Excellence – taking pride in our work by always striving to find a better way of doing things, encouraging innovation and sharing best knowledge and practices.
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QinetiQ Group PLC, Company Registration No 4586941, Registered Office 85 Buckingham Gate, London SW1E 6PD