Case Study10 Siemens’ Simple Structure–Not There is perhaps no tougher task for an executive than to restructure a European organization. Ask former Siemens CEO Klaus Kleinfeld. Siemens‚ with 77 billion Euros in revenue in 2008‚ some 427‚000 employees‚ and branches in 190 countries‚ is one of the largest electronics companies in the world. Although the company has long been respected for its engineering prowess‚ it’s also derided for its sluggishness and mechanistic structure. So when
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Can BOSS tune to their SUBORDINATES? -Presentation based on McKinsey Article-Why good bosses tune in to their people- by Robert Sutton Difference Between YOU and BOSS When you take a long time‚ you’re slow. When your boss takes a long time‚ he’s thorough. When you don’t do it‚ you’re lazy. When your boss doesn’t do it‚ he’s too busy. When you make a mistake‚ you’re an idiot. When your boss makes a mistake‚ he’s only human. When doing something without being
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Siemens Bribery Scandal By: Courtney Miano‚ Nancy Gonzalez‚ Mohamed Jawhar‚ Vernita Leslie‚ and Ferba Hines Siemen’s is classified as a large German electronics firm. In December of 2008‚ Siemens had to settle lawsuits and pay fines due to the fact that they were caught using bribes to win business all over the world. The fines totaled a net amount of 1.6 billion. Between 1999 and 2006 when the company was raided‚ Siemens reportedly paid around 1.4 billion dollars in
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1. • In your opinion‚ is “bribing” unethical & illegal or just a cost of doing business? Discuss this in light of Siemens’ bribery scandal. We believe that bribing is unethical because it takes away the fairness of a business transaction between bidders of a contract. Bribing also has a negative impact on competition because it allows for oligopolies and monopolies to emerge in an industry due to smaller competitors being unable to financially compete with the amount of the bribes. This in
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SIEMENS: 1. Identify four benefits to Siemens of its in-depth training and development of workers. Ans. Training refers to increasing the knowledge‚ skills and attitude of employees or extending those the employees already have. Siemens as the top three electrical and electronic companies has been running various effective training programs for their employees in order to build a strong work force and thus contribute better services to the society. In order to do that‚ they are providing their
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2010 Period 4/5 - US History William Marcy “Boss” Tweed William Tweed was born on April 3rd‚ 1823 in New York City. Tweed was an American politician and most famous for his leadership at Tammany Hall. He was a key figure in the Democratic political machine and had a huge impact on New York state and city. At one point‚ Tweed was third-largest landowner in New York City. He was also a director of the Erie Railway‚ the Tenth National Bank‚ and the New-York Printing Company‚ as well as proprietor
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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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of Global Business Professor Portillo BSAD 113W 18 February 2013 Assignment #3: Siemens Bribery Scandal Before 1999 the use of bribery in Germany was not illegal and could be deducted as a business expense in a company’s taxes. This allowed companies like Siemens to gain the upper hand and have an unfair advantage over their competition in acquiring business deals around the world. Then when the law changed‚ Siemens still utilized bribery‚ and employed bribery tactics in other countries where it
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The case study of Siemens’simple structure－not Question 1 Based on the case’s description‚ Siemens has a long history. It means that it took for a long time to form the current structure. It is truly global company offering a portfolio of technological solutions in the areas of water‚ energy‚ environment‚ healthcare‚ productivity‚ mobility‚ safe and security. The changing is a big revolution which involves the many departments. The issue of departmentalization is a key consideration in any restructure
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knows a boss is a person who directs employees to perform their duties in a proper way in order to achieve the major organizational goals. However‚ the word “boss” can have positive and negative characteristics. Any employee‚ who has had the experience of working with both good and bad bosses in the workplace‚ can easily characterize both. Both can have different effects on employees and their work environment. Despite bearing some minor similarities‚ noticing the differences between a good boss and
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