Strategic Management in Siemens

Siemens is a huge 155 year old multinational $77 billion German based company run through 16 big business units with one of the worlds largest communications, electronic and engineering company and 1200 fully consolidated subsidiaries in more than 190 countries, which atomic number 18 run by 484,000 employees.

All Siemens businesses argon part of a matrix organization that combines a centralise strategic orientation with decentralized business and regional responsibilities. As global entrepreneurs, Siemens Operating Groups are individually responsible for their universal businesses. Each Group has its own Executive Management, which is responsible for rivulet Group business in accordance with company policies outlined by the Managing plank of Siemens AG. The Operating Groups determine how their resources entrust be used. They develop their own strategies, manage their own assets and overprotect earnings in their respective market segments.

The Groups international activities are conducted via regional units, which are responsible for Group-related business and earnings in a particular country or countries. The regional units, in their capacity as regional entrepreneurs, implement target agreements, which they welcome concluded with the Operating Groups.

Siemens corporate mental synthesis is huge although very well organised. The Company has a two-tier management and oversight structure consisting of a Managing Board and a Supervisory Board. The Supervisory Board has twenty members.



As stipulated by the German Co-determination Act, one-half of the Boards members live Company shareholders, and one-half represent Company employees. Company employees and the supervisory board determine the managing boards employment and remuneration framework. The Annual Shareholders coming upon elects the shareholder representatives. An assembly representing Siemens employees in Germany elects the employee representatives. The two-tier system provides a fastidious separation of management and supervision and responsibilities are well be by law.

SIEMENS: VISION, STRATEGY & PRINCIPLES.

A company like siemens with so many people, production sites, products and partners all...

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