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Siemens and Globalisation Assignment

   

Added on  2021-04-21

9 Pages2078 Words195 Views
Siemens and Globalisation 1Management and business contextSiemens and Globalization
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Siemens and Globalisation 2There are numerous challenges that business faces while competing with others companies forgrowing in the same field. The organizational structure of Siemens will be described in thisessay. There are major two factors that can influence the business widely such as internal andexternal factors; the discussion about them will be discussed to describe the impact of them onSiemens. Siemens is a global powerhouse focusing on the different areas of digitalization,electrification and automation. It is the leading supplier company of systems for generation ofpower and transmission along with medical diagnosis. Globalization is considered as the trendwhere specific countries become less significant in term of cross relational bodies (Dunning,2014). The role of the company is major in context of infrastructure and industry solution. Thebusiness practice decisions will be elaborated in order to enhance the organizationalperformance. Along with that the most vital functions within the business organization will bedefined to attain its strategy.
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Siemens and Globalisation 3Siemens is an international company that run its business in over 190 regions. The income ofSiemens is 1.859 billion euro from systematic operations in 2008. The employee of Siemens ismore than 450,000 people and it is based in Germany (Tortara, 2009). The organizationalstructure of Siemens is effective and there are various departments that operate by Siemens suchas Power, Information and communication, medical, lighting, transportation and finance and realestate The organizational structure of Siemens is mentioned below. The industry sector of thiscompany is designed for the purpose of handling the transportation, building systems andproduction. The energy sector of the company is more focused towards electrical energy. Thehealthcare sector of the organization is provides solutions, products and services to the healthcare industry; the sector of IT is specializing in corporate financing. The services and financialservice sector is specialized in the management of office and commercial property. The sector ofequity investment specialized in household appliances and various networks of communication. Figure 1: Organizational structure of Siemens
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