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) 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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and place the type of business that the company Siemens engaged in was legal. Prior to 1999 this German company was using unethical business practices and a loop hole in German laws in order to bribe many different countries. These bribes were used in order to win contracts and make money. Even after proper laws were put in place‚ Siemens still found a way to ride the system. It was not until 2006 that everything was starting to unravel and Siemens had the rug pulled out from under their feet.
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1. What explains the high level of corruption at Siemens? How did managers engaged in corruption rationalize it? In Germany‚ bribery was legal before 1999‚ now was illegal. However‚ Siemens continued bribery‚ they sent the money to the bank in Switzerland that was difficult to trace. Also‚ they hired a lot of “consultant” to help them accomplish corrupt business. Managers rationalized that bribes were looked like a “cost of doing business” and “useful money”. They believed this way could keep the
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1. Identify four benefits to Siemens of its in-depth training and development of workers. Answer Training and development programs of Siemens give them varieties of benefit and advantage. Such as improvement of services and customer feedback‚ responding to competition with other multinational companies and creating greater job satisfaction. Four benefits that Siemens can attain through training and development: Improving productivity and earning more revenue Training and development
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EVALUATING THE CHANGE AGENT PROGRAM AT SIEMENS NIXDORF (A) Siemens Nixdorf Informationssysteme (SNI) was the largest European-owned computer manufacturer and information technology vender in 1994. The company was created by 1990 merger between Nixdorf Computer‚ an entrepreneurial minicomputer firm and the mainframe computer division of Siemens AG‚ the German electronics giant. The company offered a broad range of computer product‚ from personal computer and mainframes to software and support
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Siemens is a huge 155 year old international $77 billion German based companionship operating from side to side 16 big business units by means of one of the world’s main infrastructure‚ electronic and engineering corporation and 1200 fully merges supplementaries in additional than 190 countries‚ which are sprint by 484‚000 workers. All Siemens businesses are part of a medium organization that combines a central strategic compass reading with decentralized business and local responsibilities. As
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www.thetimes100.co.uk Motivation within a creative environment Introduction Siemens is the engineering group that is behind many of the products and services people take for granted in their daily lives. The list of products designed and manufactured by Siemens is almost endless. It includes traffic lights‚ gas turbines‚ superconducting magnets in medical scanners‚ wind generators‚ automated factories as well as domestic appliances like kettles and fridges. It generates about 40% of the UK’s
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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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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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