Bridgestone announces mid-long term business strategy framework, sets new vision

Press release
Published July 9th, 2020 - 09:37 GMT
Bridgestone announces mid-long term business strategy framework, sets new vision
Leverage sustainability as a competitive advantage and core to all aspects of its business, to create both social value and customer value.
Highlights
Company Signals Start of a New Chapter, Positions 2020 as Third Foundation

 

Bridgestone Corporation (Bridgestone) announced its new Mid-Long Term Business Strategy Framework, which sets forth a forward-looking vision to 2050 and beyond.

Founded in 1931(Original Foundation: Bridgestone 1.0), the company considers 1988 to be its "Second Foundation (Bridgestone 2.0)," the year that Bridgestone merged with Firestone Tire & Rubber Company, taking its first steps toward becoming a global company. As part of the company's Mid-Long Term Business Strategy Framework, an evolution to its "Third Foundation (Bridgestone 3.0)" will focus the company around becoming a leader in Sustainable Mobility and Advanced Solutions, while still leveraging the unique strengths and breadth of its core tire and rubber business.

As part of the Mid-Long Term Business Strategy Framework, and guided by its mission of "Serving Society with Superior Quality," Bridgestone will continue to realize and enhance its vision of providing social value and customer value as a sustainable solutions company today, tomorrow and toward the future in 2050. The Company's Mid-Long Term Business Strategy Framework puts forth this vision for the medium-to-long term and outlines three main business strategies for accomplishing that vision.

  • Leverage sustainability as a competitive advantage and core to all aspects of its business, to create both social value and customer value.

  • Enhance the solutions business through a unique platform: Bridgestone T&DPaaS

  • Build Bridgestone's unique business model: Evolve and grow to a mobility solutions business utilizing the strength of its tire and rubber business.

For details of the Company's Mid-Long Term Business Strategy Framework, please refer to the presentation materials available on the Company's corporate website.

Background Information

Bridgestone Corporation

At Bridgestone, our dream is to become a truly global enterprise and to establish the Bridgestone brand as the undisputed world No. 1 brand in both name and substance. Across the globe, our entire team is focused on achieving this goal.

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