Siemens Company: Alternative Business Practices for Globalization

This report examines Siemens' strategic adaptations to globalization, focusing on business practices that can improve organizational performance. It explores strategies such as customization, leveraging competencies, and arbitrage to maintain relevance in global markets. The report suggests centralizing intellectual power and innovation while also embracing decentralized operations for local market responsiveness. It highlights the importance of eco-modernization, including identifying promising strategies, building a shared vision, and developing a standard definition and scoreboard. Furthermore, it discusses the need to match the competitive advantages of new global rivals by searching for lower labor costs, rationalizing product lines, and adopting best human resource practices. The report emphasizes the significance of environmental scanning and improving customer service to maintain credibility and integrity in a globalized business environment, referencing key academic sources to support its arguments.

Running Head: SIEMENS COMPANY 1
Siemens Company
Name:
Institution Affiliation:

SIEMENS COMPANY 2
Alternative business practice options relevant to globalization that Seimens could adopt to
improve organizational performance
For 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 make
the 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

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for eco-modernization. The company can also focus on business ideas of building the shared
vision for eco-innovation. The management of Siemens could be essential in filling the slit in the
knowledge of eco-innovation by co-ordinating in-depth case studies. Creation of shared business
vision by the company could outline the basis for emergent of the shared operations for
environmentally communal schemes and roadmap to attaining the set business goals by the
corporation. Additionally, Siemens can focus on business practices of developing a standard
definition and the scoreboard of their operations (Rieley, 2014). With the development of
substantial insight, Siemens Company can deem the progress of the shared description of eco-
modernization together with an eco- modernization scoreboard for benchmarking eco-
modernization actions and public strategies through the combination of various data and
statistics.
Management of the Siemens Company needs to focus on business ideas that match the
competitive advantages of their new global rivals. The business operations of the company
should embrace the ideas of searching lower labor cost rationalizing its product lines that are
essential in capturing global scale economies, instituting quality circles and timely production,
alow with the adoption of best human resource practices in the business environment (Fritsch,
2015). Siemen should adopt practices of environmental scanning wherever the management
plans to enter into the new marketplaces because globalization affects the level of competition as
the expectation of consumption increases. The company can aim at improving its customer
service in globalized society by focusing on maintaining delivery of quality service and
improving the values of corporates (Sharma, 204). The ideas will aid in guiding operations of
Siemens to protect its credibility and integrity of its operations in the globalized business
environment.

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References
Fritsch, S. (2015). Technological innovation, globalization, and varieties of capitalism: the case
of Siemens AG as example for contingent institutional adaptation. Business And Politics,
17(01), 125-159. http://dx.doi.org/10.1515/bap-2014-0020
Nafei, W. (2016). Organizational Agility: The Key to Improve Organizational Performance.
International Business Research, 9(3), 97. http://dx.doi.org/10.5539/ibr.v9n3p97
Rieley, J. (2014). Building Alignment to Improve Organizational Effectiveness. Global Business
And Organizational Excellence, 33(5), 6-16. http://dx.doi.org/10.1002/joe.21559
Sharma, E. (2014). Personality Mapping Wand to Organizational Performance. Journal Of
Business Theory And Practice, 2(1), 13. http://dx.doi.org/10.22158/jbtp.v2n1p13