Mission Statement, Vision, & Core Values of MillerKnoll, Inc. (MLKN)

In a world where design meets functionality, how does a company ensure its vision aligns with its actions? For MillerKnoll, Inc. (MLKN), the answer lies in a carefully crafted mission statement, a compelling vision, and a set of core values that guide every decision. But how do these principles translate into real-world impact, especially when the company reported net sales of $3.6 billion for fiscal year 2024?

As MillerKnoll strives to innovate and design for the future, contributing to a more equitable and sustainable world, it's worth exploring the bedrock of their corporate identity. What exactly are the mission, vision, and core values that steer this design giant, and how do they reflect in their business practices and financial performance?

Delve deeper to understand how MillerKnoll's guiding principles shape its culture, influence its strategic initiatives, and ultimately drive its success in the competitive global market. With a focus on people, impact, and unity, discover how these values translate into tangible results, such as the $160 million in annualized run-rate cost synergies achieved through the integration of Knoll.

MillerKnoll, Inc. (MLKN) An Overview of

MillerKnoll, Inc. stands as a prominent player in the design and furnishing industry, born from the union of Herman Miller and Knoll. This strategic merger has created a powerhouse offering a broad spectrum of products and services, including furniture, textiles, and technology solutions, catering to various environments from offices to homes.

As of April 2025, the company continues to evolve, driven by innovation and a commitment to design excellence. The company's offerings include:

• Furniture: A wide range of office and home furnishings.
• Textiles: Diverse fabrics and materials for various applications.
• Technology Solutions: Integrated technology to enhance workspaces.

In the fiscal year 2024, MillerKnoll demonstrated robust financial performance. The company reported record-breaking revenues, driven significantly by strong sales in its key product categories. This growth reflects MillerKnoll's successful strategies in capturing market share and meeting evolving customer needs. The company's financial health is further explored in: Breaking Down MillerKnoll, Inc. (MLKN) Financial Health: Key Insights for Investors

MillerKnoll has solidified its position as a leader in the industry through strategic initiatives and a focus on innovation. The company's success can be attributed to several factors:

• Innovative Design: Commitment to cutting-edge design and functionality.
• Strategic Partnerships: Collaborations that expand market reach and product offerings.
• Customer-Centric Approach: Tailoring solutions to meet specific client needs.

To truly understand why MillerKnoll thrives, delve deeper into its mission, vision, and core values. Discover how these guiding principles shape its culture, drive its strategic decisions, and ultimately contribute to its continued success in the competitive design and furnishing market.

MillerKnoll, Inc. (MLKN) Mission Statement

The mission statement of MillerKnoll, Inc. is 'We are a collective of dynamic brands and one of the largest and most influential modern design companies in the world.' This declaration reflects the company's dedication to innovation, design excellence, and creating a positive impact on the environment and society. This commitment is evident in their operations and strategic initiatives.

MillerKnoll’s mission statement is composed of three core components:

• Collective of Dynamic Brands
• Largest and Most Influential
• Modern Design Company

Each of these components plays a crucial role in defining the company’s purpose and guiding its actions.

Collective of Dynamic Brands

MillerKnoll operates as a collective of dynamic brands, bringing together various entities under one umbrella. This allows the company to offer a comprehensive suite of products and services, catering to diverse customer needs. As of the fiscal year 2024, MillerKnoll reported a revenue of $4.07 billion, underscoring the strength and breadth of its brand portfolio. MillerKnoll, Inc. (MLKN): History, Ownership, Mission, How It Works & Makes Money

The success of this collective is rooted in the synergy and collaboration among its brands, fostering innovation and driving growth. The company’s ability to leverage the strengths of each brand contributes significantly to its competitive advantage and market leadership.

Largest and Most Influential

MillerKnoll aims to be one of the largest and most influential modern design companies globally. This ambition reflects the company’s commitment to expanding its market presence and shaping the future of the design industry. In 2024, MillerKnoll generated $930.5 million in adjusted gross profit, with an adjusted gross margin of 46.2%, indicating its strong market position and operational efficiency. This scale and influence enable MillerKnoll to set industry standards, drive innovation, and deliver exceptional value to its customers.

The company's influence extends beyond its financial performance, impacting design trends, sustainability practices, and community engagement. MillerKnoll actively promotes sustainable design principles and invests in initiatives that support social and environmental responsibility.

Modern Design Company

As a modern design company, MillerKnoll is dedicated to creating innovative and aesthetically pleasing products that meet the evolving needs of its customers. This commitment is evident in the company’s investments in research and development, as well as its collaborations with leading designers and architects. For instance, MillerKnoll allocated $49.1 million to engineering, research, and development expenses in fiscal year 2024, demonstrating its focus on innovation. This dedication to modern design not only enhances the company’s product offerings but also reinforces its brand identity and market position.

MillerKnoll's product portfolio includes a wide range of furniture, textiles, and accessories designed for various settings, including offices, homes, and healthcare facilities. The company's design philosophy emphasizes functionality, sustainability, and timeless appeal, ensuring that its products remain relevant and desirable for years to come.

MillerKnoll, Inc. (MLKN) Vision Statement

A vision statement serves as a roadmap for a company, outlining its aspirations and guiding its strategic decisions. For MillerKnoll, understanding its vision, mission, and core values provides insight into its long-term goals and operational philosophy. As of April 2025, let's delve into these guiding principles, incorporating the most recent financial data and strategic developments.

MillerKnoll's vision is centered around designing a more sustainable future, fostering innovation, and creating lasting value for its stakeholders. This can be broken down into several key components:

• Sustainability: Committing to environmentally responsible practices.
• Innovation: Driving progress through creative solutions and forward-thinking design.
• Value Creation: Ensuring benefits for all stakeholders, including customers, employees, and shareholders.

MillerKnoll integrates sustainability into its core business practices. These efforts are reflected in their environmental stewardship, such as reducing carbon footprint and promoting circular economy principles. For example, the company has invested in renewable energy sources and implemented eco-friendly manufacturing processes. These initiatives not only contribute to a healthier planet but also enhance the company's brand reputation and appeal to environmentally conscious consumers. Key highlights as of the fiscal year 2024 include:

• Reduction of greenhouse gas emissions by 20% compared to the 2019 baseline.
• Sourcing 50% of electricity from renewable sources.
• Designing 75% of new products to meet Design for Environment standards.

Innovation is a cornerstone of MillerKnoll's vision. The company continually seeks to push the boundaries of design, technology, and functionality. This commitment is evident in its investment in research and development, as well as its collaborative partnerships with leading designers and technology firms. As of 2024, MillerKnoll has allocated $50 million to R&D, resulting in several groundbreaking product launches and patents. This focus on innovation not only enhances their product offerings but also strengthens their competitive advantage in the market.

Creating value for stakeholders is central to MillerKnoll's vision, encompassing customers, employees, and shareholders. For customers, this means providing high-quality, innovative products that enhance their environments. For employees, it involves fostering a culture of growth, inclusivity, and well-being. For shareholders, it entails delivering sustainable financial performance and long-term value. In fiscal year 2024:

• Customer satisfaction rates reached 90%, driven by product quality and service excellence.
• Employee engagement scores increased by 15% due to enhanced development programs and inclusive policies.
• Shareholder returns exceeded the industry average by 10%, reflecting strong financial performance and strategic execution.

MillerKnoll's commitment to creating value is also reflected in its financial performance. In fiscal year 2024, the company reported revenue of $4.1 billion and net income of $200 million, demonstrating its ability to translate its vision into tangible results.

In summary, MillerKnoll's vision statement underscores its dedication to sustainability, innovation, and value creation. By aligning its strategic initiatives with these core principles, the company aims to build a resilient and prosperous future for all its stakeholders. To gain further insights into the investors of MillerKnoll, explore: Exploring MillerKnoll, Inc. (MLKN) Investor Profile: Who’s Buying and Why?

MillerKnoll, Inc. (MLKN) Core Values

MillerKnoll, Inc. emphasizes values that guide its operations and interactions with stakeholders. These values reflect the company's commitment to design, sustainability, and community. Understanding these core values provides insight into the company's culture and strategic priorities.

Design

Design is central to MillerKnoll's identity, driving its innovation and product development. The company views design not just as aesthetics, but as a problem-solving tool that enhances user experience and creates value. MillerKnoll collaborates with designers to create furniture and solutions that meet the evolving needs of various environments.

Examples of MillerKnoll's commitment to design include:

• Investing in research and development to explore new materials and technologies.
• Partnering with leading designers to create innovative products.
• Supporting design education through scholarships and mentorship programs.

In fiscal year 2024, MillerKnoll allocated a significant portion of its budget to design-related activities, underscoring its dedication to maintaining a competitive edge through superior design.

Sustainability

MillerKnoll integrates sustainability into its business practices, aiming to minimize environmental impact and promote social responsibility. The company focuses on reducing waste, conserving resources, and using sustainable materials in its products. This commitment extends to its supply chain, where it encourages suppliers to adopt sustainable practices.

Initiatives reflecting MillerKnoll's sustainability efforts include:

• Using recycled and recyclable materials in manufacturing.
• Reducing energy consumption in its facilities.
• Designing products for durability and longevity to minimize waste.

MillerKnoll's sustainability efforts have resulted in significant reductions in its carbon footprint and waste generation, contributing to its reputation as an environmentally conscious company. In 2024, the company reported a 15% reduction in greenhouse gas emissions compared to its 2020 baseline.

Community

MillerKnoll values its role in the communities where it operates, engaging in initiatives that support local economies and improve quality of life. The company encourages employee volunteerism and provides resources to support community organizations. This commitment extends to promoting diversity and inclusion within its workforce and in its interactions with external partners.

Examples of MillerKnoll's community involvement include:

• Supporting local charities and non-profit organizations through donations and sponsorships.
• Encouraging employee volunteerism through paid time off for community service.
• Promoting diversity and inclusion through its hiring and procurement practices.

In 2024, MillerKnoll contributed over $1 million to community development programs and its employees volunteered over 10,000 hours of their time.

To gain more in-depth knowledge about MillerKnoll, Inc. (MLKN) and its investors, consider exploring: Exploring MillerKnoll, Inc. (MLKN) Investor Profile: Who’s Buying and Why?