“Minority- and women-owned firms have played a critical role in helping build TI.  They have shared our vision of raising the bar in both our business operations and ability to succeed in the marketplace.  The value they deliver enhances TI’s performance on a global level as well as locally...”
Richard K. Templeton
President & Chief Executive Officer
Texas Instruments Incorporated
 
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Texas Instruments, Inc.

Primarily as the result of its high levels of government contracts, Texas Instruments (TI) began to diversify its supplier base in the 1960s to include companies owned by ethnic minorities and women.  However, as the company exited the defense business, TI leaders realized that a strong supplier base benefited not only the company, but the community as well.  TI put an official program in place in 1989 in Dallas specifically by focusing its procurement efforts on local minority- and women- owned businesses. The program fueled the growth of these suppliers and simultaneously made the community economically stronger.

Last year, TI spent $136 million with minority-owned businesses and $95 million with women-owned businesses.  This is in addition to the aggressive goal the company set to use 25 percent minority- and 10 percent women-owned suppliers during the construction of its new manufacturing facility in Richardson, Texas.  Those totals were $71 million with minority- and $49 million with women-owned firms.
 
The company sets annual procurement goals for spending with minority- and women-owned businesses.  Goals for 2006 are to spend at least $150 million with minority- owned businesses and $100 million with women-owned businesses. 
 
Texas Instruments is considered a pacesetter in this arena and has won numerous awards for its efforts including the 2005 UNIDOS Award from the Greater Dallas Hispanic Chamber of Commerce, Corporation of the Year Award from the Women’s Business Council – Southwest and Corporation of the Year Award from the American Indian Chamber of Commerce of Texas.

Texas Instruments Inc.’s success story is featured in the new book, “Untapped: Creating Value in Undeserved Markets,” authored by John Wesier, a founding partner at the firm Brody Weiser Burns; Michele Kahane, Director of Special Projects at The Center for Corporate Citizenship at Boston College (CCCBC); Steve Rochlin, Director of Research and Policy Development at the CCCBC; and Jessica Landis, a Research Consultant at the CCCBC. Untapped was recently named to the Harvard Business Review Reading List for 2006.Visit www.untappedbook.com for more information and Berrett-Koehler Publishers to purchase your copy of this book.

For more information contact Shannon Suber at Texas Instruments at s-suber1@ti.com.

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  © 2002 Laufer Green Isaac