The business model is based around 3 core principles:
ITW’s 80/20 Front-to-Back Process: ITW’s proven methodology that optimizes business operations by focusing on key customers, enhancing performance, and reducing business complexity.
Customer-Back Innovation: ITW businesses focus on solving challenges directly with key customers by collaborating closely, to enhance business performance and drive innovation. As a result, ITW currently has a robust portfolio of approximately 19,600 granted and pending patents (2024), a large number of which belong to Avery Weigh-Tronix.
A decentralized approach: ITW culture empowers our employees to think like owners. Using the ITW business model and core values, our team has the flexibility to make decisions that best serve our customers. This approach drives accountability, relevance, and delivers impactful results across our business.