Siemens

Topics: Management, Corporate governance, Corporation Pages: 12 (3727 words) Published: June 6, 2010
PRINCIPLES OF MANAGEMENT TERM PAPER ON SIEMENS

Submitted To: Dr. Madhvendra Mishra

Submitted By: Aseem Manuja MBA-200507

Company Overview
Werner von Siemens laid the foundation for something very special in 1847: A global company with the power and experience to master and to emerge even stronger from major crises of all kinds. A company whose culture aims for stability. A company that remains true to its basic values while making changes to sustain itself in international competition. A company with everything it needs to stay on top. Today, more than 150 years after its founding, Siemens is one of the world’s largest and most respected companies in the field of electrical engineering and electronics. Its more than 400,000 employees develop and manufacture products, design and create systems and plants, and provide customized services. The company supports customers in some 190 countries with innovative technologies and wide-ranging expertise. In fiscal 2004, Siemens generated sales of more than €75 billion and net income of over €3 billion in its six business areas Information and Communications, Automation and Control, Power, Transportation, Medical, and Lighting. Siemens stands for performance and has committed itself to “Go for Profit & Growth.” All Siemens employees worldwide are working to achieve these goals with full commitment and team spirit. The goals are the engine that drives the thinking and action of all our employees. Siemens’ world-leading position is guaranteed for the future by three company-wide programs: Innovation, Customer Focus, and Global Competitiveness. The company is building on its traditional strengths: its robust business portfolio, strong power of innovation, intensive customer orientation, global presence and sound financial management. At a glance Siemens (Berlin and Munich) is a global powerhouse in electrical engineering and electronics. The company has 434,000 employees working to develop and manufacture products, design and install complex systems and projects, and tailor a wide range of services for individual requirements. Founded more than 150 years ago, Siemens provides innovative technologies and comprehensive know-how to benefit customers in 190 countries.

Siemens at a glance
Year of foundation 1847

Business areas

Information and Communication Automation and Control Power Transportation Medical Lighting

Employees 2004

Global: 430.000 Germany: 164.000 Outside Germany: 266.000 Deutsche Börse: 01.01.1897 London Stock Exchange: 21.06.1990 Swiss Exchange: 16.08.1999 New York Stock Exchange: 12.03. 2001 Capital goods Electrical engineering and electronics Prime standard / regulated market No-par value shares in registered form EUR 2,731,999,869 910,666,623 EUR 2,673,227,133 891,075,711 Frankfurt, Stuttgart, Munich, Hannover, Düsseldorf, Berlin/Bremen, Hamburg, Xetra, New York Stock Exchange, London Stock Exchange, Swiss Stock Exchange 08.03.1899 DAX 30, S&P Global 100, Dow Jones EuroStoxx 50, Dow Jones Stoxx 50, Sustainability Group Index, Global Titan consolidated group statements according to US-GAAP 30. September Berlin and Munich Germany Berlin-Charlottenburg: HRB 12300 Munich HRB 6684 Sales tax ID: DE 129274202

Listings

Sector Industry Listing segment Category Shareholders' equity listed Number of shares listed Shareholders' equity Number of shares Stock exchanges

First listing Selected indices

Accounting End of fiscal year Registered office Country Commercial register

Strategy & Vision
Following are some trends that give us an insight into siemens’ long term goals:

Innovation strategy

Innovations have always been one of the most important elements of the Siemens business strategy. Innovations help reduce costs, increase turnover, and yield higher profits. Moreover, in today's market, whoever does not present a new product at the right time, is penalized more than ever.

There are three approaches to innovation strategies in...
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