1) What explains the high level of corruption at Siemens was how it was legal at one point in time to offer bribes‚ but once the law changed‚ Siemens continued to do brides that was once legal but now illegal. Also‚ when the company continued bribery‚ Siemens transferred money into a hard-to-trace bank in Switzerland to protect their business and help them win contracts. Managers rationalized it as the bribes being useful money‚ but in a way they were still making profit‚ and bribes were used as
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Slide1 : Siemens AG‚ a $73 billion electronics and electrical-engineering conglomerate. Siemens is well known for the technical brilliance of its engineers‚ but much of their knowledge was locked and unavailable to other employees. Facing the pressure to maximize the benefits of corporate membership of each business unit‚ Siemens AG needed to learn to leverage the knowledge and expertise of its 460‚000 employees worldwide. Slide 2: The roots of knowledge management at Siemens go back to 1996
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was Klaus Fuchs. Klaus Fuchs was responsible for providing the Soviet Union with crucial information about the Manhattan project and the development of the atom bomb‚ the importance and value of the information that he gave the Russians is unfathomable. “By handing over the secret of the plutonium bomb and implosion to the Soviets‚ Fuchs allowed the Soviet bomb project to skip the length and astounding expensive development stage that had led the Manhattan project to that solution.” Fuchs alone
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who are offering their product in the refrigerator market. Among them Samsung‚ General‚ Whirlpool‚ Kelvinator‚ Shacklock‚ Toshiba‚ sharp‚ Rangs‚ Butterfly‚ are most widely known brand. And Siemens is one of the leading electrical and electronics manufacturing company in the world with global presence. Siemens refrigerator is basically a European brand with an international image. In Bangladesh it is targeting the niche market for their home appliance products commencing their marketing strategy as
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Md Haque BUS 685 Case 1 – The Bribery Scandal at Siemens AG Analysis: On November 15‚ 2006‚ five Siemens employees were taken into custody in connection with suspected bribery‚ tax evasion and embezzlement of company funds related investigation. Police raided 30 offices and private homes in Germany. The authorities found €420M of questionable payments made over a seven year period from 1999 to 2006. Siemens documents reflected the questionable payments were made to external consultants. The
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Case One: The Bribery Scandal at Siemens AG Organization and Industry Overview: The case‚ “The Bribery Scandal at Siemens AG‚” underscores how employee involvement with unethical behavior can cause irrevocable damage to a company’s reputation and ultimately their profitability and success. Werner von Siemens and Johann Georg Halske founded Siemens AG in 1847 in Munich‚ Germany as a manufacturer of telegraphic systems. Over the next 150+ years‚ the company grew rapidly expanding operations in
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SIEMENS: Training and development as a strategy for growth 1. How does workforce planning enable Siemens to identify its training needs? Answer: Siemens is a one of the largest electrical and electronics engineering companies in the world. Every year it employs 20000 people in UK. In addition‚ Siemens UK invested a huge amount of money only on research and development‚ because their business focused on ‘innovation’. Therefore‚ for growth of their business‚ Siemens needs people with first class
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I found both case studies to be very interesting. In the Two Men and a Lot of Trucks case study‚ I could identify the expectancy theory and Maslow’s needs hierarchy theory. The text states that Mary Ellen quit her well-paying job with benefits to grow her business. What started as a part-time gig working from her dining room table quickly became a successful franchise operation. Mary Ellen’s hard work and dedication paid off as there are currently 152 franchise locations. Maslow’s needs hierarchy
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many portray themselves as individuals with individual goals and needs. Siemens is a German based company‚ headquartered in Munich. It is the largest Europe-based electronics and electrical engineering company functioning globally in almost two hundred countries. Siemens operates in the fields of industry‚ energy and healthcare. The company provides a vast array of services and goods. A few examples of Siemens products in the industry and energy divisions produce automation systems ranging
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What motivation theories can be found in each case study? • Goal-Setting Theory • Management by Objectives (MBO) Describe the theories found in each case study and cite specific examples. Goal-setting theory uses goals to assess job performance and encourages employees to try to achieve those goals. Two Men and a Truck used the goal-setting theory. Mrs. Sheets’ goal was to bring a personal touch to an industry known for its uniformity and stressed-out customers. Management by objectives is a
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