Page 6: Conclusion
IMI’s growth strategy is driven by market and product developments that focus on its long-term goals. Using the global expertise of its workforce, IMI is able to develop innovative solutions for the challenges faced by its customers. These challenges are driven by IMI’s growth drivers; climate change, resource scarcity, urbanisation and ageing population.
IMI has a 5 year map of its new product developments. This map allows the company to identify opportunities to increase market share as well as market development opportunities in sectors where the company already has knowledge and expertise. Alongside organic growth, IMI’s well targeted acquisitions strategy aids the achievement of its goal to be the market leader in the niche markets in which it operates.