Siemens
Executive Summary:
The purpose of this report is to elaborate all the possible and concurrent factors in the case of the Siemens corporation record bribery fine which brings out the all consequences within the world of business ethics and also the impact and remedies caused by these sorts of incidents. Moreover, this report is the brief about the major individual and sustainable factors encouraging alleged bribery in Siemens, implementation of the initiative by Siemens to eradicate it and the social causes in relation to it.
Siemens Corporation:
Siemens is a German multinational company, and headquarter is located in Berlin and Munich. Siemens is the largest corporation in Europe which is related to engineering and the major activities where the divisions of the company works are basically Industry, Healthcare, Energy, etc. After industrial automation unit, the company’s most profitable division is the medical diagnostics equipment and medical health care unit. According to the annual report of the company 2014, they have about 343,000 numbers of employees working worldwide including form its subsidiary companies which has global revenue of €71.9 billion.
Also it offers an extensive variety of electrical building and gadgets related items and administrations. Its items can be comprehensively separated into the accompanying classes: structures related items; drives, computerization and mechanical plant-related items; vitality related items; lighting; medicinal items; and transportation and logistics-related items. Siemens structures related items incorporate building, hardware and frameworks; building-operations gear and frameworks; building fire-wellbeing gear and frameworks; building-security gear and frameworks; and low-voltage switchgear including circuit insurance and circulation items. It drives, and modern plant-related items incorporate engines and drives for carpet lifts; pumps and compressors; overwhelming obligation engines and drives for moving steel
The purpose of this report is to elaborate all the possible and concurrent factors in the case of the Siemens corporation record bribery fine which brings out the all consequences within the world of business ethics and also the impact and remedies caused by these sorts of incidents. Moreover, this report is the brief about the major individual and sustainable factors encouraging alleged bribery in Siemens, implementation of the initiative by Siemens to eradicate it and the social causes in relation to it.
Siemens Corporation:
Siemens is a German multinational company, and headquarter is located in Berlin and Munich. Siemens is the largest corporation in Europe which is related to engineering and the major activities where the divisions of the company works are basically Industry, Healthcare, Energy, etc. After industrial automation unit, the company’s most profitable division is the medical diagnostics equipment and medical health care unit. According to the annual report of the company 2014, they have about 343,000 numbers of employees working worldwide including form its subsidiary companies which has global revenue of €71.9 billion.
Also it offers an extensive variety of electrical building and gadgets related items and administrations. Its items can be comprehensively separated into the accompanying classes: structures related items; drives, computerization and mechanical plant-related items; vitality related items; lighting; medicinal items; and transportation and logistics-related items. Siemens structures related items incorporate building, hardware and frameworks; building-operations gear and frameworks; building fire-wellbeing gear and frameworks; building-security gear and frameworks; and low-voltage switchgear including circuit insurance and circulation items. It drives, and modern plant-related items incorporate engines and drives for carpet lifts; pumps and compressors; overwhelming obligation engines and drives for moving steel