Mission Statement, Vision, & Core Values of Steelcase Inc. (SCS)

How does a company stay relevant and impactful for over a century? For Steelcase Inc. (SCS), a global leader in office furniture design and workplace solutions, the answer lies in a clear mission, a compelling vision, and a strong set of core values. But what exactly are these guiding principles, and how do they translate into the company's actions and financial performance?

Steelcase reported revenue of $3.2 billion for fiscal year 2024 and net income of $81.1 million, demonstrating a strong market presence. With approximately 11,300 employees worldwide, the company's mission, vision, and values play a crucial role in aligning its global workforce and driving its strategic objectives. Are you curious to learn more about the driving force behind Steelcase's success?

Dive in to discover how Steelcase's mission to put people at the center, its vision for a healthy planet and culture, and its core values of integrity and respect shape its operations and contribute to its financial achievements. In fiscal year 2025, Steelcase saw orders grow by 4%, driven by a 6% increase in the Americas, and achieved an operating income margin of 5.0%, a 130 basis point improvement. How do these values translate into tangible results and contribute to the company's continued success and future targets?

Steelcase Inc. (SCS) An Overview of

Steelcase Inc. (SCS), tracing its roots back to 1912, has evolved into a global leader in the design and manufacture of furniture and related products and services. The company offers a comprehensive portfolio of workplace, healthcare, and education solutions. These range from furniture systems, seating, and storage to architectural and technology products. These products are designed to enhance the experiences and offer hybrid solutions for diverse industries. As of April 2025, Steelcase continues to operate on a global scale, serving customers through a network of dealers, direct sales, and online channels.

Steelcase’s diverse product and service offerings include:

• Furniture Systems: Modular and customizable systems designed to optimize workspace efficiency and aesthetics.
• Seating Solutions: Ergonomic chairs and seating options for various applications, including office, healthcare, and educational environments.
• Storage Solutions: Innovative storage products that enhance organization and space utilization.
• Architectural Products: Demountable walls, doors, and other architectural elements that provide flexibility and adaptability in interior spaces.
• Technology Products: Integrated technology solutions that support collaboration, communication, and productivity in the modern workplace.

Steelcase reported revenue of $3.2 billion for the fiscal year 2024. The Americas continue to be Steelcase's largest market, accounting for a significant portion of its sales.

In its latest reporting period, Steelcase Inc. demonstrated strong financial performance. The company reported record-breaking revenue, driven by robust demand for its core product lines and strategic growth initiatives in key markets. Significant growth was observed in the Americas, EMEA (Europe, Middle East, and Africa) and Asia Pacific regions, reflecting the company's successful expansion strategies and ability to capitalize on emerging market opportunities.

To delve deeper into the financial health of Steelcase, explore Breaking Down Steelcase Inc. (SCS) Financial Health: Key Insights for Investors and uncover key insights for investors.

Steelcase stands as a leader in the industry due to its long-standing commitment to innovation, quality, and sustainability. The company's ability to adapt to changing market dynamics, coupled with its focus on customer-centric solutions, has solidified its position as a trusted partner for organizations seeking to create inspiring and productive work environments. Find out more below to understand why Steelcase is successful.

Steelcase Inc. (SCS) Mission Statement

The mission statement of Steelcase Inc. is 'We unlock the promise of people at work.' This concise statement encapsulates the company's overarching goal and commitment. The mission statement focuses on enhancing the work experience by creating environments that foster productivity, collaboration, and employee well-being.

The core components of Steelcase's mission statement can be broken down into three key elements:

• People: Highlighting the central focus on individuals and their needs within the workspace.
• Work: Emphasizing the activities, processes, and environments where people engage in their professional lives.
• Unlock the promise: Indicating the commitment to enabling potential and achieving optimal performance.

These components collectively drive Steelcase's strategic initiatives and product development, ensuring that the company remains aligned with its core purpose.

Core Components Analysis

To fully understand the mission statement, it is essential to delve into each of its core components.

People

At the heart of Steelcase's mission is a focus on people. This involves understanding the diverse needs and preferences of individuals in various work settings. Steelcase recognizes that the modern workforce is composed of individuals with different working styles, technological proficiencies, and ergonomic requirements. By placing people at the forefront, Steelcase aims to create inclusive and adaptable workspaces that cater to this diversity. This commitment extends to fostering employee well-being and ensuring that workspaces contribute positively to their health and job satisfaction. Steelcase's focus on people is evident in its approach to understanding workplace dynamics. The company conducts extensive research to gather insights into how people interact with their environments. This includes studying work patterns, collaboration styles, and the impact of workspace design on productivity and creativity. According to Steelcase's 2024 Corporate Social Responsibility (CSR) Report, employee engagement scores increased by 15% in locations with newly implemented ergonomic solutions. This statistic underscores the direct impact of Steelcase's people-centric approach on workforce satisfaction and performance.

Work

The second critical component of Steelcase's mission statement is work. This encompasses the activities, tasks, and processes that define the professional lives of individuals. Steelcase acknowledges that the nature of work is constantly evolving, driven by technological advancements, globalization, and changing organizational structures. As such, the company is committed to designing workspaces that accommodate these shifts and support a wide range of work modalities. Steelcase's approach to work involves creating environments that facilitate collaboration, innovation, and focused productivity. This includes offering a diverse portfolio of products and services, ranging from adaptable furniture systems to integrated technology solutions. The company's commitment to understanding the future of work is reflected in its ongoing investments in research and development. Steelcase's 2024 Annual Report highlights that 30% of its R&D expenditure is dedicated to exploring emerging trends in workplace design and technology. This investment ensures that Steelcase remains at the forefront of innovation, providing its clients with cutting-edge solutions that enhance their operational efficiency and employee experience.

Unlock the Promise

The final component of Steelcase's mission statement is 'unlock the promise,' which signifies the company's dedication to enabling potential and optimizing performance. This involves creating workspaces that not only meet the immediate needs of employees but also inspire them to achieve their full potential. Steelcase aims to unlock the promise of people at work by fostering environments that encourage creativity, collaboration, and continuous learning. This includes designing spaces that promote physical and mental well-being, as well as providing access to tools and resources that support professional growth. Steelcase's commitment to unlocking the promise is evident in its approach to sustainability and social responsibility. The company recognizes that creating a positive impact on society and the environment is essential to fostering long-term success. Steelcase's 2024 Sustainability Report indicates that 75% of its products are designed for disassembly and recyclability. This commitment to sustainability not only reduces the company's environmental footprint but also enhances its brand reputation and attracts socially conscious clients and employees.

For more insights into Steelcase's financial performance and strategic health, explore Breaking Down Steelcase Inc. (SCS) Financial Health: Key Insights for Investors.

Steelcase Inc. (SCS) Vision Statement

A vision statement serves as a guiding star for a company, outlining its aspirations and long-term goals. It encapsulates the essence of what the company aims to achieve and provides a clear direction for its future endeavors. For Steelcase Inc., a global leader in the office furniture industry, the vision statement reflects its commitment to creating exceptional spaces that enhance people's lives and improve organizational performance. While the exact wording of Steelcase's vision statement may evolve, its core principles remain consistent: understanding how people work, offering innovative solutions, and fostering a sustainable future. You can explore more about Steelcase's history and mission at: Steelcase Inc. (SCS): History, Ownership, Mission, How It Works & Makes Money

Understanding How People Work

At the heart of Steelcase's vision lies a deep understanding of how people work. This involves not only recognizing the physical aspects of work but also delving into the cognitive, emotional, and social dimensions. Steelcase invests heavily in research to gain insights into evolving work patterns, technological advancements, and changing employee expectations. This commitment to understanding informs the design and development of its products and services, ensuring they are relevant, effective, and contribute to a positive work experience.

Steelcase's dedication to understanding how people work is reflected in its financial performance. In fiscal year 2024, Steelcase reported revenue of $3.2 billion, demonstrating its ability to meet the evolving needs of its customers. The company's focus on research and development enables it to create innovative solutions that address the challenges and opportunities of the modern workplace.

Offering Innovative Solutions

Innovation is a cornerstone of Steelcase's vision. The company strives to create solutions that are not only functional and aesthetically pleasing but also contribute to improved productivity, collaboration, and employee well-being. Steelcase's product portfolio encompasses a wide range of offerings, including furniture, technology, and architectural products. These solutions are designed to adapt to diverse work styles and organizational needs, providing customers with the flexibility and choice they require.

Steelcase's commitment to innovation is evident in its financial investments. In fiscal year 2024, Steelcase invested $96.1 million in engineering, design and development expenses, underscoring its dedication to creating cutting-edge solutions that meet the evolving needs of its customers. This investment has resulted in a steady stream of innovative products and services that have solidified Steelcase's position as a market leader.

Examples of Steelcase's innovative solutions include:

• Height-adjustable desks that promote movement and reduce sedentary behavior
• Acoustic panels that create quieter and more focused work environments
• Collaborative furniture that fosters teamwork and communication

Fostering a Sustainable Future

Sustainability is an integral part of Steelcase's vision. The company recognizes its responsibility to minimize its environmental impact and contribute to a more sustainable future. Steelcase's sustainability initiatives encompass a wide range of practices, including:

• Using recycled and renewable materials
• Reducing energy consumption and waste
• Designing products for durability and recyclability

Steelcase's commitment to sustainability is reflected in its environmental performance. In fiscal year 2024, Steelcase reported a 26% reduction in greenhouse gas emissions compared to its 2010 baseline. The company has also set a goal to reduce its water consumption by 25% by 2030. These efforts demonstrate Steelcase's dedication to minimizing its environmental footprint and contributing to a more sustainable future.

Steelcase integrates sustainability into its business practices, aiming to minimize environmental impact while delivering value to shareholders. For example, Steelcase's Scope 1 and 2 greenhouse gas emissions totaled 78,700 metric tons in fiscal 2024. The company is committed to reducing these emissions through investments in renewable energy and energy-efficient technologies.

In conclusion, Steelcase's vision statement reflects its commitment to understanding how people work, offering innovative solutions, and fostering a sustainable future. These core principles guide the company's strategic decisions and drive its pursuit of excellence. By staying true to its vision, Steelcase aims to create exceptional spaces that enhance people's lives and improve organizational performance.

Steelcase Inc. (SCS) Core Values of

At Company, core values are more than just words; they are the guiding principles that shape the company's culture, drive its decisions, and define its relationships with employees, customers, and the community. These values reflect a commitment to integrity, innovation, and social responsibility. The company's mission is to unlock human promise, and its vision is to create places that help people work better, be inspired, and feel cared for. Company strives to achieve these goals by adhering to a set of core values that emphasize ethical conduct, customer satisfaction, and environmental sustainability. As of the fiscal year 2024, Company reported revenue of $3.2 billion, demonstrating its significant impact on the industry.

Integrity and Ethical Conduct

Integrity is at the heart of how Company conducts business. This value means being honest, transparent, and ethical in all interactions. Company believes that its reputation is its most valuable asset and is committed to upholding the highest standards of integrity. For example, Company has a comprehensive code of conduct that outlines the ethical expectations for all employees. This code addresses issues such as conflicts of interest, confidentiality, and fair competition. In fiscal year 2024, Company invested $2.1 million in ethics and compliance training to ensure that employees understand and adhere to these standards.

Customer Satisfaction

Company places a high priority on customer satisfaction. The company is dedicated to understanding its customers' needs and providing them with products and services that exceed their expectations. Company actively seeks customer feedback and uses it to improve its offerings. The company achieved a customer satisfaction rate of 92% in 2024, reflecting its commitment to meeting and exceeding customer expectations. To enhance customer experience, Company invested $3.5 million in customer service training and technology upgrades in fiscal year 2024.

Innovation and Design Excellence

Innovation is a driving force behind Company's success. The company is constantly seeking new ways to improve its products, services, and processes. Company fosters a culture of creativity and encourages employees to think outside the box. Company invested $114.4 million in research and development in fiscal year 2024 to drive innovation. The company also holds over 2,000 patents, demonstrating its commitment to innovation and design excellence.

Social and Environmental Responsibility

Company is committed to being a responsible corporate citizen. The company recognizes its impact on the environment and society and strives to minimize its negative effects. Company has implemented various initiatives to promote sustainability, such as reducing its carbon footprint, conserving resources, and promoting diversity and inclusion. In 2024, Company reduced its greenhouse gas emissions by 25% compared to its 2010 baseline. Additionally, the company invested $1.8 million in community development programs, demonstrating its commitment to social responsibility.

Employee Empowerment and Development

Company values its employees and is committed to providing them with opportunities for growth and development. The company believes that its employees are its greatest asset and invests in their training and well-being. Company offers various programs to support employee development, such as leadership training, tuition reimbursement, and wellness programs. In fiscal year 2024, Company invested $5.3 million in employee training and development programs. The company also reported an employee retention rate of 85%, indicating high employee satisfaction.

Collaboration and Teamwork

Collaboration and teamwork are essential to Company's success. The company believes that by working together, it can achieve more than it could alone. Company fosters a collaborative environment where employees are encouraged to share ideas, support each other, and work towards common goals. Company utilizes cross-functional teams to address complex challenges and promote innovation. In 2024, collaborative projects resulted in a 15% increase in efficiency and a 10% reduction in project completion time.

Company's commitment to its core values is evident in its actions and achievements. By upholding these values, Company has built a strong reputation, fostered a positive work environment, and delivered value to its customers and shareholders. The company's financial performance in fiscal year 2024, with revenue of $3.2 billion, reflects the success of its values-driven approach.