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Siemens Company Globalization Strategies

   

Added on  2020-04-01

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Running Head: SIEMENS COMPANY 1Siemens CompanyName:Institution Affiliation:
Siemens Company Globalization Strategies_1

SIEMENS COMPANY 2Alternative business practice options relevant to globalization that Seimens could adopt toimprove organizational performanceFor Siemens Company to remain relevant in its business operations concerning globalization, it needs to integrate different business strategies such as customization, competencies, along with arbitrage. The company can focus on the creation of their global strategies around the trade-offs while limiting the past compromises (Fritsch, 2015). The company should centralize its intellectual power and innovation capability at domestic markets. The idea will allow the Siemens Company to achieve the packed benefits of economies of balance and to incorporate shared principles, excellence standards, and uniqueness of its brands in global markets. Additionally, the company can embrace the ideas of decentralizing its operations and run such operations as a loose federation (Nafei, 2016). These practices will makethe company achieve local appropriate delievry system with fast countering chains of supply and the inferior cost of promising administration of the market. Therefore, Siemens should shift its errands for naming of brand as well as product arrays to the margin while accepting various changes in trades. The use of effective business strategies is essential in enhancing the performance of Siemens Company to improve its competing practices in turbulent as well as unpredictable environments. Siemens can focus on the provision of guidance on indicators for sustainable manufacturing. The company can focus on establishing clarity as well as the consistency of present sign set by emerging the usual terms and understanding of symbols and application. Besides, Siemens can adopt the practice of identifying promising strategies for eco-modernization (Fritsch, 2015). The idea of cautious assessment of the execution of different policy actions by Siemens for eco-innovation could be useful for identifying promising strategies
Siemens Company Globalization Strategies_2

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