Goals & Initiatives

Goals and Initiatives

	Strategic Goals	Supporting Initiatives
1	Increase profit by at least 7% per year	Improve electrical harness product line quality and cost competitiveness. Reduce average warehouse handling time by 10% per year for 2008-2010.
2	Establish a customer base in Asia/Europe for the Commercial Aviation line of business	Pursue Organic growth by establishing Sales teams for Asia & Europe
3	Establish a “General Aviation Systems” line of business (LOB)	Roll-out a new commercial component manufacturing plant in San Diego, California Develop multi-function electronics busses for the Boeing Dreamliner. Expand avionics product line to include Boeing MD-80 Hire Director of General Aviation Systems
4	Control costs by establishing activity based cost accounting in all lines of business	Establish an enterprise-wide cost accounting system and migrate from separate legacy finance, payroll, and general ledger accounting systems. Integrate contracting information with finance and accounting information. Implement a performance-based contracting approach that uses standard on-line templates and a document tracking/correspondence control system
5	Improve the value of investments in information technology	Use an enterprise architecture (EA) approach to document current and future corporate architectures in a way that integrates strategy, business, and technology planning. Establish an IT capital planning program to improve the value of investments in IT.