Business Report: An Analysis of Siemens Company's Globalization Impact

This report provides a comprehensive analysis of the Siemens Company, a multinational corporation with a significant presence in the electrical and electronic products sector. It examines the company's growth from 1985 to 2018, highlighting its expansion and employee base. The report explores Siemens' globalization strategies, emphasizing its operations in over 190 countries and its focus on meeting local demands. It delves into the impacts of globalization on the company, including ethical policies, governance, social impacts, and brand reputation. The analysis also addresses competitive threats, such as generic companies and currency fluctuations. The report discusses crucial issues surrounding globalization for Siemens, including financial stability, economic growth, and living standards, as well as strategies adopted to mitigate negative factors, such as technological advancements and market research. The report concludes with recommendations for improvement, emphasizing diversification and value addition to enhance customer service and overall business performance. The analysis underscores Siemens' commitment to providing high-quality goods and services to its global clientele.