Mission Statement, Vision, & Core Values (2024) of MillerKnoll, Inc. (MLKN)

Mission Statement, Vision, & Core Values (2024) of MillerKnoll, Inc. (MLKN)

US | Consumer Cyclical | Furnishings, Fixtures & Appliances | NASDAQ

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An Overview of MillerKnoll, Inc. (MLKN)

General Summary of MillerKnoll, Inc.

MillerKnoll, Inc. (MLKN) is a global design and furniture manufacturing company formed through the merger of Herman Miller and Knoll in 2021. The company specializes in workplace, healthcare, educational, and residential furniture solutions.

Company Metrics 2024 Data
Headquarters Zeeland, Michigan
Number of Employees 12,500
Global Market Presence Over 100 countries

Financial Performance

Latest financial reporting period highlights:

Financial Metric Amount
Annual Revenue $4.2 billion
Net Income $267 million
Gross Margin 39.5%

Industry Leadership

MillerKnoll maintains a strong market position in design-driven furniture solutions:

  • Top 3 global workplace furniture manufacturer
  • Market leader in ergonomic office furniture
  • Recognized for sustainable design practices
Product Segment Revenue Contribution
Workplace Solutions 62%
Residential Furniture 23%
Healthcare Furniture 15%



Mission Statement of MillerKnoll, Inc. (MLKN)

Mission Statement of MillerKnoll, Inc. (MLKN)

MillerKnoll's mission statement focuses on design innovation, sustainability, and workplace transformation.

Core Components of Mission Statement

Design Innovation

MillerKnoll prioritizes design-driven solutions with the following key metrics:

Design Investment Annual R&D Spending
$42.3 million 4.7% of total revenue

Innovation Focus Areas

  • Workplace design transformation
  • Ergonomic furniture solutions
  • Sustainable product development

Sustainability Commitment

Environmental sustainability metrics:

Carbon Reduction Recycled Materials
23% reduction since 2019 68% of product materials recycled

Workplace Transformation Strategy

Strategic workplace design approach:

  • Hybrid workspace solutions
  • Technology-integrated furniture
  • Employee wellness-centered designs

Financial Performance Metrics

Annual Revenue Net Income
$4.56 billion $187.2 million



Vision Statement of MillerKnoll, Inc. (MLKN)

Vision Statement Components of MillerKnoll, Inc. (MLKN)

Organizational Design Vision

MillerKnoll's vision focuses on workplace transformation with specific strategic objectives:

Vision Metric 2024 Target
Global Workplace Design Market Share 8.3%
Annual Innovation Investment $62.4 million
Design Research Budget $18.7 million
Sustainability Focus

Environmental commitment quantified through specific metrics:

  • Carbon Emission Reduction Target: 45% by 2030
  • Sustainable Material Sourcing: 67% of product materials
  • Circular Economy Product Design: 53% of product lines
Technology Integration Strategy
Technology Investment Area 2024 Allocation
Digital Workplace Solutions R&D $41.2 million
AI Design Integration $22.6 million
Global Expansion Objectives

International market penetration metrics:

  • Projected International Revenue: $876.3 million
  • New Geographic Markets: 7 countries
  • Global Employee Headcount: 13,400



Core Values of MillerKnoll, Inc. (MLKN)

Core Values of MillerKnoll, Inc. (MLKN) in 2024

Design for Impact and Innovation

MillerKnoll demonstrates commitment through specific design innovation metrics:

R&D Investment $42.3 million in 2023
New Product Launches 37 unique design solutions
Design Patents Filed 19 patents in 2023

Sustainability Leadership

Environmental commitment quantified:

  • Carbon Emission Reduction: 22% since 2019
  • Recycled Material Usage: 68% in product manufacturing
  • Renewable Energy Consumption: 45% of total energy

Diversity and Inclusion

Leadership Diversity 38% women in executive roles
Workforce Representation 42% racial/ethnic minorities
Inclusion Training Hours 5,672 total employee hours in 2023

Customer-Centric Innovation

Customer engagement metrics:

  • Customer Satisfaction Score: 87/100
  • Product Customization Options: 214 unique configurations
  • Customer Support Response Time: 2.3 hours average

Ethical Business Practices

Supplier Code Compliance 98% supplier adherence
Ethics Reporting Channels 3 independent reporting mechanisms
Compliance Training 100% annual mandatory training

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