No power train without Miba technology
No power train without Miba technology
No power train without Miba technology
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productivity improvement program that has been introduced and in large part already<br />
implemented.<br />
Competitive and portfolio risks<br />
All of <strong>Miba</strong>’s target markets and competitors are and have been affected by the worldwide<br />
recession. <strong>Miba</strong> is meeting the price pressure that results from these market conditions<br />
with innovative products and ongoing process optimization in all core markets in order to<br />
protect its position over the long term.<br />
Product and quality risks<br />
<strong>Miba</strong> operates a uniform and consistent quality management system throughout the<br />
entire Group. However, despite its systematic and efficient design, liabilities cannot be<br />
excluded entirely. The remaining risk, which can lead to financial losses and damage to the<br />
company’s image, is covered by insurance policies.<br />
Human resources risks<br />
Market situations like the recent recession require flexible internal structures so that the<br />
company can respond quickly to external changes. At the same time, retaining qualified<br />
and motivated employees and promoting and developing outstanding performers is a<br />
crucial competitive factor. Internal programs such as <strong>Miba</strong> Management Academy,
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