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2008 Annual Report - Hubbell Wiring Device-Kellems

2008 Annual Report - Hubbell Wiring Device-Kellems

2008 Annual Report - Hubbell Wiring Device-Kellems

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POWER SEGMENTBrand recognition and trustacross the Company and achieve: 1)®are valuable assets whengreater brand awareness and 2) enhanced®®the economy is strong, buteven more valuable underchallenging conditions. In <strong>2008</strong>customer loyalty.Among key initiatives are seamlesse-commerce capabilities throughout the®and continuing into the future,enterprise, consistent branding across the<strong>Hubbell</strong> brands that arerecognized and relied upon forvarious businesses’ advertising and theestablishment of a Marketing and Sales®quality, performance andCouncil represented by all of <strong>Hubbell</strong>’s®innovation are satisfying theneeds of customers in thebusinesses. The latter is playing a key rolein the effort to capture greater internal®Company’s end markets ofefficiencies and improved customer serviceelectrical equipment andbenefits of electronic data interchangepower systems.(EDI), vendor managed inventory (VMI)The fact that <strong>Hubbell</strong> offers multipleand other e-initiatives for all of the®brands is a competitive advantage that theCompany’s businesses.Company has sought to build upon, asIn addition, <strong>Hubbell</strong> continues to®each brand has a strong identity with itsbe selective in its choice of distributiondistributors and end user customers. Mostpartners while reaching out to cementhave come into the Company foldrelationships with premier distributionthrough acquisitions – some recently,organizations – all based on theothers decades ago. Not only is <strong>Hubbell</strong> aphilosophy that having the best channelcompany of multiple brands, its productpartners is reflective of the quality of thebreadth means that there is a brand and aCompany’s brands.product that customers in a wide range ofBy enhancing synergies across itsindustries have come to rely upon.brands, <strong>Hubbell</strong> is capitalizing on coreThe brand strategy that supports thisstrengths in distribution and customerbroad market presence is straightforward:relationships while creating a clearermaintain and enhance a solid valueperception of “one <strong>Hubbell</strong>”.proposition based on quality, consistencyand reliability at a competitive price inUNDER THE HUBBELLBANNER ARE MULTIPLEBRANDS THAT ARE WELLRECOGNIZED ANDHIGHLY VALUED BYDISTRIBUTION CUSTOMERSAND END USERS FORQUALITY, INNOVATIONAND PERFORMANCE.every served market, with the <strong>Hubbell</strong>name as the overarching franchise.From this core strategy, <strong>Hubbell</strong> hasdeveloped a marketing and sales strategybuilt on a series of coordinated initiativesthat drive each other to capture synergies7

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