The AGCO’s strategy will be executed through an integrated planning framework and cross divisional collaboration. Under this framework, each initiative will have enterprise projects and programs aligned to achieve the desired outcomes. Decision making and prioritization will be data-driven and consider impacts across our talent, digital capabilities and financial resources. An enterprise-wide approach that accounts for interdependencies between initiatives, will be foundational to the governance structure.
Implementation progress will be closely monitored by management and reported to the AGCO Board. We will continue to evolve an enterprise performance measurement system linked to the four organizational goals and corresponding strategic initiatives. This will enable the identification and improvement of internal functions and the resulting outcomes, ensuring that the AGCO is equipped with the relevant insights to make decisions that reinforce our strategic direction.
As the AGCO’s integrated planning framework matures, the governance model to achieve the Strategic Plan will provide a holistic view of our organization that will inform evidence-based decision making that ensures sustainable and appropriate use of resources. It will enable the agency to significantly enhance our approach to risk identification and mitigation planning and equip the agency to respond to external factors.