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MICHELIN : HOLDS ITS FIRST INTERNATIONAL SYMPOSIUM ON SPORTS AND THE ENTERPRISE IN CLERMONT-FERRAND - Michelin and Sports:  Values Underpinning a Corporate Culture

11/04/2011 | 04:35am

Michelin would never have become a leader without its involvement in sports. With the invention of the removable bicycle tire in 1891 (which enabled Charles Terront to win the first race in which the Group took part), the brothers Edouard and André Michelin pointed their young company in a new direction and integrated the values of sports into Michelin's DNA, where they endure to this day.

The worlds of sports and business share the same core values of performance, self-betterment, perseverance, team spirit and sharing. Sports and the enterprise has been a key theme throughout the history of Michelin, which this year is celebrating the 100th anniversary of ASM, the multisport association founded by Marcel Michelin. Michelin's partnership with ASM is in fact the world's oldest corporate sports sponsorship alliance.

Showcasing the anniversary of this ongoing, unprecedented partnership, the first International Symposium provides an opportunity to examine more closely the objectives shared by the sports and business communities. "Michelin's purpose in organizing the event is to bring together companies, high-level athletes, public officials and academics to debate and discuss the ties between the worlds of sports and business, with the goal of sharing information and exchanging ideas," says Claire Dorland Clauzel, Senior Vice President, Michelin Communication and Brands, and a member of the Group Executive Council. "We know how important it is to gather differing viewpoints and experiences if we want to move forward and bring about change in attitudes and behavior. We have chosen three themes that are of special interest to the Group: Sports and Innovation, Sports and Management, and Sports and Corporate Social Responsibility."

Sports and Innovation:
A major player in automotive sports, Michelin got involved in car racing as a means of fostering innovation. This involvement extends over the years from the removable tire to the Michelin Pilot Super Sport tire, which benefits from technologies developed for races like the 24 Hours of Le Mans. How can a company take full advantage of its involvement in competitive sports? And how does this involvement impact its work methods and the performance of its teams and products?

Sports and Management:
Sports and sportsmen have entered the corporate management scene through team-building seminars. However, at Michelin, sports are more than a management tool that is used from time to time. They are part of the Group's corporate culture. Michelin faces the constant challenge of leading its 111,000 employees worldwide to success. This can only be achieved if every employee feels respected and valued. No matter what position they play, all the members of a team contribute to its performance. Top-quality leadership skills are also essential, at every level of the Company. The qualities Michelin expects of its managers include the ability to lead their team to success, good strategic skills, the ability to inspire confidence and trust, and an ethical approach. It's easy to draw a parallel with ASM's rugby team, which could not have triumphed in 2010 without a supportive captain, strategic allies and an effective game strategy.

Sports and Corporate Social Responsibility:
For Michelin, sports also enable the Company to demonstrate its commitment to corporate social responsibility. In 1911, Michelin created the ASM sports association as a way of promoting education and integration. Today, the sports facilities developed by Michelin benefit a broad public, not only in Clermont-Ferrand but around the world. They enable young people to learn the values they need to integrate into society and into the workforce through sports. They also allow people who live near Michelin plants to take part in sports. Michelin intends to pursue this path, perpetuating and strengthening the cooperative ventures it has forged with sports organizations for the past 100 years.

Media Contact: + 33 1 45 66 22 22

 
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