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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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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13 Version 1.0 Year 2012 Type: Double Blind Peer Reviewed International Research Journal Publisher: Global Journals Inc. (USA) Online ISSN: 2249-4588 & Print ISSN: 0975-5853 Global Journal of Management and Business Research A Case Study of Siemens’ Violation of Business Ethics in Argentine Based On Stakeholder Theory By Zhu Wenzhong & Fu Limin Guangdong University of Foreign Studies (GDUFS) Abstract - Hand in hand with prosper of International business brought by globalization‚ many ethical
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Prompting individual from within or hiring personal from other organisation‚ would have its positive and negative effects. The CEO’s decision will also affect the organisation culture‚ behaviour and profit. Some of the case of promoting from within likes Jack Welch from General Electric which is the “youngest ever chief executive officer (CEO) in 1981” (Answer). He was an individual promoted from within and worked his way up the corporate ladder. During the 20 years of his service as CEO‚ the organisation’s
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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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Analysis Opportunities For more than 160 years‚ Siemens has focused in technological achievement‚ international‚ reliability and quality. Siemens has coupled innovative concepts and creative ideas with future-sighted willingness and taking in business risk to make the company strong. Siemens brand can be reflected around the globe because of its sustainability‚ technology and financial leaderships‚ market leadership and values. Global presence As Siemens maintain the Regional Companies directly at
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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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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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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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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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