The case study of Siemens’simple structure－not Question 1 Based on the case’s description‚ Siemens has a long history. It means that it took for a long time to form the current structure. It is truly global company offering a portfolio of technological solutions in the areas of water‚ energy‚ environment‚ healthcare‚ productivity‚ mobility‚ safe and security. The changing is a big revolution which involves the many departments. The issue of departmentalization is a key consideration in any restructure
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Unqualified Audit Report An opinion is said to be unqualified when the Auditor concludes that the Financial Statements give a true and fair view in accordance with the financial reporting framework used for the preparation and presentation of the Financial Statements. An Auditor gives a clean opinion or Unqualified Opinion when he or she does not have any significant reservation in respect of matters contained in the Financial Statements. The most frequent type of report is referred to as the "Unqualified
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The Change Agent Program at Siemens Nixdorf Post-script – What actually happened? The following material is excerpted from the original article and provides some overview of the actual evaluation that took place. * In terms of “hard” financial results‚ SNI produced its first profitable year in 1994-95‚ the first year of the CCP. Until Siemens intervened‚ it remained mildly profitable‚ with reported sales of almost DM18bn and net income of DM500m in 1998. This performance was insufficient
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Case Study Summary The Siemens Kalwa factory in Mumbai‚ also referred to as Kalwa Works (KW)‚ started in 1973 with the production of motors and later diversified to produce switchgears and switchboards. By 2009‚ 40 per cent of all Siemens India employees were working in Kalwa and contributing 45 per cent of the total Siemens India production. Kalwa had become the most important business centre for Siemens India. In October 2006‚ Siemens AG decided to implement lean manufacturing in the
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Continental AG before 1995. They have been losing money due to their high manufacturing costs and not able to compete against big competitors. Von Grunberg was appointed as new CEO in 1991 and has implemented several changes for the continuity of Continental AG and growth. Cutting labor costs by shifting manufacturing processes to low labor cost countries and restructuring the organizational strategy through innovation and differentiation has been are the main changes implemented. Continental AG has
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Lenzing AG: Expanding in Indonesia Case Review Summary Lenzing AG is one of the worlds largest rayon fiber manufacturers‚ originating in Lenzing‚ Austria. In 1938 Lenzing AG was founded‚ starting pulp and viscose fiber production. Up until the 1980’s‚ Lenzing was a company that held its production and management in the same country and town where the company had originated. Until one day ‚ the Chairman of Lenzing had agreed to go into a joint partnership with an international investor
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Strategic Initiative FIN/370 R7 March 3‚ 2014 Strategic Initiative A successful business must be able to plan and forecast all aspects of operations‚ including both financial and operational goals‚ in both the long and short terms. Even though businesses may be temporarily successful if focused only on immediate decisions‚ in the long term they will not grow successfully and they stand a much higher chance of failure due to a lack of direction. Strategic planning refers to
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To aid in the possibility of this new era where well-being‚ prosperity‚ and understanding reign‚ the U.S Government should increase funding for The Brain Initiative and its objective to map the brain annually as part of its federal budget. The Brain Initiative (Brain Research through Advancing Innovative Neurotechnologies) was started in 2013 by President Barack Obama as part of his plan to create new jobs in research and development in order to drive
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Where did instruction occur? The Harrisburg FFA program takes place in a traditional agricultural classroom. The primary course that lead to the idea for this topic was Ag Processing‚ where 45 students are enrolled. Why is this issue important now? This issue is important not only because it affects the US financially by changing the way food is sold‚ but it also changes some nutritional values‚ which can lead to health changes throughout the United States’ population. What is the nature of this
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PUMA’s AG Case Adalbert and Rudolf Dassler founded puma in 1924 in Germany. The company was called Gebrüder Dassler OHG‚ and was internationally well known. However‚ the two brothers separated creating Adidas and Puma‚ respectively. Puma had sponsored some of the worlds most famous soccer players‚ positioning itself as one of the most important company in soccer shoes and accessories. In spite of that‚ the son of the founder‚ Armin Dassler‚ take Puma to a point where all product were sold
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