Group Management Report 2011
Group Management Report This report contains the Group Management Report of the adidas Group, comprising adidas AG and its consolidated subsidiaries, and the Management Report of adidas AG. The Declaration on Corporate Governance is part of the Corporate Governance Report including the Declaration on Corporate Governance which is published on the Group’s website at www.adidas-Group.de/corporate_governance. Appendix 4 Group Strategy The adidas Group strives to be the global leader in the sporting goods industry with brands built upon a passion for sports and a sporting lifestyle. Inspired by our heritage, we know that a profound understanding of the consumer and customer is essential to achieving this goal. To anticipate and respond to their needs, we continuously strive to create a culture of innovation, challenging ourselves to break with convention and embrace change. By harnessing this culture, we push the boundaries of products, services and processes to strengthen our competitiveness and maximise the Group’s operational and financial performance. This, in turn, will drive long-term value creation for our shareholders. To achieve this goal, we have made strategic choices and will prioritise our investments under our six key strategic pillars DIAGRAM 01. Creating long-term shareholder value No matter in which market we operate, we recognise that consumer Creating long-term value for our shareholders through significant buying behaviour and the retail landscape are unique. Therefore, to operating cash flow generation drives our overall decision-making fully exploit market opportunities, we tailor our distribution strategy to process SEE INTERNAL GROUP MANAGEMENT SYSTEM. Therefore, we are focused present our brands to the consumer in the most impactful way.
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