Mission Statement, Vision, & Core Values of John Wiley & Sons, Inc. (WLYB)

Ever wondered what drives a company like John Wiley & Sons, Inc. (WLYB), a global publisher with a history stretching back to 1807, especially as they navigate the complexities of the modern publishing world? With a mission focused on enabling global learning and research, and a vision geared towards transformative knowledge solutions, how do these principles translate into tangible results?

Considering that Wiley's revenue for the fiscal year 2024 was reported at $1.87 billion, a 7.27% decrease compared to the previous year, it becomes crucial to examine the core values that guide their strategic decisions. How do these values influence their approach to innovation, diversity, and ethical business practices, and ultimately, their financial performance?

Dive in to explore the mission statement, vision, and core values that shape Wiley's path in the ever-evolving landscape of global learning and research.

John Wiley & Sons, Inc. (WLYB) An Overview of

Founded in 1807, John Wiley & Sons, Inc., now known as Wiley (WLYB), has evolved into a global leader in research and education. The company provides knowledge and services to improve outcomes in research, professional practice, and education. Wiley operates through three primary segments: Research, Professional Development, and Education.

Wiley's offerings include:

• Scientific, Technical, Medical, and Scholarly (STMS) Journals: Providing access to a vast collection of peer-reviewed journals.
• Online Learning Resources and Education Services: Supporting students and professionals with digital learning tools and educational content.
• Books and Reference Materials: Offering a wide range of books in print and digital formats.

In fiscal year 2024, Wiley reported revenue of $2.03 billion. The Research segment contributed $1.06 billion, the Professional Development segment $429.2 million, and the Education segment $540.8 million.

Wiley's financial performance in fiscal year 2024 demonstrates its continued strength and strategic focus. The company reported total revenue of $2.03 billion. Notably, the Research segment generated $1.06 billion, driven by open access and subscription growth. The Professional Development segment reached $429.2 million, fueled by corporate learning and talent development solutions. The Education segment contributed $540.8 million, supported by strong demand for courseware and online program management services.

Wiley stands as a leader in the knowledge industry, providing essential content and services to researchers, professionals, and students worldwide. To understand the factors driving Wiley's success, explore: Exploring John Wiley & Sons, Inc. (WLYB) Investor Profile: Who’s Buying and Why?

John Wiley & Sons, Inc. (WLYB) Mission Statement

The mission statement of John Wiley & Sons, Inc. focuses on being a trusted source of knowledge and learning. While a directly quoted mission statement is not available, the company's activities and publications demonstrate a clear commitment to:

• Providing access to high-quality content.
• Supporting researchers, learners, and professionals.
• Driving innovation in education and research.

This commitment is reflected in their wide range of products and services, which include scientific, technical, medical, and scholarly journals, as well as textbooks, online learning platforms, and professional development resources.

John Wiley & Sons, Inc. aims to unlock human potential by:

• Disseminating knowledge.
• Fostering understanding.
• Enabling achievement.

This encompasses their role in academic publishing, education services, and professional training.

Wiley's mission is evident through its various initiatives and publications. For example, in fiscal year 2024, Wiley reported revenue of $2.03 billion, reflecting its extensive reach in the knowledge and learning domain. The company's investment in research and development, which amounted to $121.9 million in 2024, further demonstrates its commitment to innovation and quality.

The company's mission extends to creating value for its stakeholders, including:

• Authors
• Customers
• Shareholders
• Employees

This is achieved through a focus on delivering impactful content and solutions that meet the evolving needs of the global knowledge community.

Wiley's dedication to its mission is further supported by its strategic focus on:

• Digital transformation
• Partnerships
• Expanding its global presence

These efforts ensure that Wiley remains a relevant and trusted source of knowledge and learning in an increasingly dynamic world. As an example, Wiley's digital sales accounted for 83% of total revenue in fiscal year 2024, underscoring its successful transition to digital platforms.

To delve deeper into the company's investor profile, you might find this resource helpful: Exploring John Wiley & Sons, Inc. (WLYB) Investor Profile: Who’s Buying and Why?

John Wiley & Sons, Inc. (WLYB) Vision Statement

A vision statement is crucial for giving an organization direction, driving innovation, and motivating employees. It embodies the core ethical values of the company and acts as a roadmap for its future.

Transformative Knowledge and Learning Solutions

The vision statement for 2024 focuses on transformative knowledge and learning solutions. This is supported by:

• R&D Investments: Demonstrating commitment to innovation through substantial investments in Research and Development.
• Digital Platforms: Enabling global learning, research, and professional development through innovative content and digital platforms.

Enabling Global Learning, Research, and Professional Development

The mission statement focuses on enabling global learning, research, and professional development through innovative content and digital platforms.

Wiley aims to empower knowledge-seekers to transform today's obstacles into tomorrow's brightest opportunities. For over 200 years, the company has focused on unlocking human potential by delivering high-quality content.

Wiley is adapting its strategies and practices to meet the evolving needs of researchers, students, instructors, professionals, institutions, and corporations.

Commitment to Innovation

Wiley demonstrates its commitment to innovation through substantial R&D investments.

Financial Performance

In fiscal year 2024, Wiley reported revenue of $1.87 billion, a 7% decrease compared to the previous year. However, the company is implementing a $130 million cost savings program, reinvesting half of the savings to scale and optimize research, modernize infrastructure, and expand GenAI content licensing, capabilities, and product development.

Here's a brief overview of Wiley's financial performance in fiscal year 2024:

• Revenue: $1.87 billion (-7%)
• Operating Income: $52 million (-6%)
• EPS Loss: -$3.65
• Adjusted EBITDA: $369 million (-3%)

Core Values

Wiley's core values include:

• Innovation and Continuous Learning
• Academic and Professional Excellence
• Global Diversity and Inclusion
• Sustainability Commitment
• Ethical Business Practices

These values are the foundation of the organization's vision, mission, and operations. They guide individual and group behavior and help the organization navigate uncertainties.

To gain more insights into Wiley's financial health, consider reading: Breaking Down John Wiley & Sons, Inc. (WLYB) Financial Health: Key Insights for Investors

John Wiley & Sons, Inc. (WLYB) Core Values of

Wiley's core values reflect its commitment to integrity, innovation, and customer success. These values underpin the company's operations and strategic initiatives, guiding how Wiley interacts with its employees, customers, and the broader community. These values are not just statements but are integrated into the company's daily practices and long-term goals.

Integrity and Ethics

Wiley places a high emphasis on integrity and ethical conduct in all its business dealings. This commitment is reflected in its corporate governance policies and its approach to compliance and risk management.

Wiley's commitment to integrity is evident through several key initiatives:

• Code of Conduct: Wiley maintains a comprehensive code of conduct that outlines the ethical standards and expectations for all employees. This code addresses issues such as conflicts of interest, confidentiality, and compliance with laws and regulations.
• Compliance Program: The company has established a robust compliance program to ensure adherence to legal and ethical standards. This program includes regular training sessions for employees on topics such as anti-corruption, data privacy, and workplace ethics.
• Whistleblower Policy: Wiley encourages employees to report any suspected violations of its code of conduct or any illegal or unethical behavior. The company has implemented a whistleblower policy to protect individuals who report such concerns in good faith.

Customer Focus

Wiley is dedicated to understanding and meeting the needs of its customers, including students, researchers, and professionals. This customer-centric approach is evident in its product development, service delivery, and customer support initiatives.

Examples of Wiley's customer focus include:

• Customer Feedback Mechanisms: Wiley actively seeks feedback from its customers through surveys, focus groups, and online forums. This feedback is used to improve its products and services and to better understand customer needs.
• Personalized Learning Solutions: The company offers personalized learning solutions that are tailored to the individual needs of students. These solutions use data analytics to identify learning gaps and provide targeted support.
• Responsive Customer Support: Wiley provides responsive customer support through various channels, including phone, email, and online chat. The company is committed to resolving customer issues quickly and effectively.

Innovation

Wiley fosters a culture of innovation, encouraging employees to develop new ideas and solutions that advance knowledge and learning. This commitment to innovation is reflected in its investments in research and development and its partnerships with leading institutions.

Wiley's innovative spirit is demonstrated through:

• Digital Learning Platforms: Wiley has developed innovative digital learning platforms that provide students with access to interactive content, assessment tools, and personalized feedback. These platforms are designed to enhance the learning experience and improve student outcomes.
• Research and Development: The company invests heavily in research and development to create new products and services that meet the evolving needs of the knowledge and learning community. This includes exploring new technologies such as artificial intelligence and machine learning.
• Strategic Partnerships: Wiley collaborates with leading institutions and organizations to develop innovative solutions and expand its reach. These partnerships enable the company to leverage external expertise and resources to drive innovation.

Collaboration

Wiley promotes collaboration and teamwork among its employees, partners, and customers. This collaborative approach is essential for achieving its strategic goals and delivering value to its stakeholders.

Wiley's commitment to collaboration is shown through:

• Cross-Functional Teams: Wiley utilizes cross-functional teams to address complex challenges and develop innovative solutions. These teams bring together individuals from different departments and backgrounds to foster creativity and collaboration.
• Partner Programs: The company has established partner programs to collaborate with other organizations and institutions. These programs enable Wiley to leverage external expertise and resources to enhance its products and services.
• Community Engagement: Wiley actively engages with the communities it serves through volunteer programs, charitable donations, and other initiatives. This engagement helps to build strong relationships and foster a sense of shared purpose.

Respect and Inclusion

Wiley values diversity and inclusion, creating a workplace where all employees are treated with respect and have the opportunity to succeed. This commitment is reflected in its hiring practices, employee development programs, and diversity and inclusion initiatives.

Wiley's respect and inclusion efforts include:

• Diversity and Inclusion Training: Wiley provides diversity and inclusion training to all employees to raise awareness and promote understanding. This training covers topics such as unconscious bias, cultural sensitivity, and inclusive leadership.
• Employee Resource Groups: The company supports employee resource groups that provide a forum for employees to connect, share experiences, and advocate for diversity and inclusion. These groups represent various dimensions of diversity, such as race, ethnicity, gender, sexual orientation, and disability.
• Equal Opportunity Employer: Wiley is an equal opportunity employer and is committed to providing a workplace free of discrimination and harassment. The company's policies and practices are designed to ensure that all employees are treated fairly and equitably.

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