More innovation, less administration: this initiative is a key ingredient of our future success. That’s why we have consistently aligned our subgroups toward continuous efficiency improvement. This is also in line with the company values we call “LIFE”: along with L for Leadership, I for Integrity and F for Flexibility, these also include E for Efficiency. We intend to free up resources that we urgently need to achieve profitable growth. For example, we expect complexity and bureaucracy reduction to yield annual savings of €800 million by 2013. We will invest about half of this amount in researching and developing innovative products, commercializing them and building our presence in the emerging markets.