Nobody downloaded yet

The actual and potential impacts of globalisation on SIEMENS: Evaluation of possible strategies going forward which the company might use to respond to the impacts of globalisation - Assignment Example

Comments (1) Cite this document
Siemens has its operations in 1,640 locations spread in 190 regions across the world. The locational advantage enables Siemens to offer tailor made solutions to its customers in keeping with local conditions. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
The actual and potential impacts of globalisation on SIEMENS: Evaluation of possible strategies going forward which the company might use to respond to the impacts of globalisation
Read TextPreview

Extract of sample "The actual and potential impacts of globalisation on SIEMENS: Evaluation of possible strategies going forward which the company might use to respond to the impacts of globalisation"

Download file to see previous pages Siemens has about 336,000 employees today. It also has 176 R & D facilities across the world (WorldwidePresence, n.d ). The 160 year history of Siemens marks the periods of “Beginnings and initial expansion (1847-1865), “ triumph of heavy engineering and internationalisation (1865-1890), “growth through consolidation and partnerships” (1890-1918), “Return to the world market and unity within the ‘House of Siemens’” (1918-1933), “The National Socialist economy and the war years” (1933-1945), “Reconstruction and emergence as a Global Player” (1945-1966), “New markets and areas of business” (1966-1989) and “The age of globalization” (1989-2008) (Siemens-History, n.d). With the 160 years of expertise, Siemens is a world leader as the “21st largest company in the world, the largest company in electrical and electronics sector, 8th largest business in Europe, 6th biggest employer in the world” (Cohen, 2006) employing 426,000 people across 190 countries as per the 2006 estimates. Its global revenues are in the region of € 80 billions, investments on workforce skills about € 500 m per year. The company believes in innovation as a key for business success and claims to generate more than 30 inventions every day (Cohen, 2006).
Effects of globalization on firms
Siemens claims that by globalization, the global economy has made a full circle as “over centuries, the economy centre of gravity has made a full loop” (Cohen, 2006, p. 9) in its own words. ...
process, the elite of the developed countries needs to be educated and infrastructure services have to be developed to “market and social standards”. Globalization has both threats and opportunities for countries and entities that they have to balance them through restructuring themselves stronger than at present. Simens lists “heavy social impact, heavy image impact, challenged service quality, complex reversibility, challenged security management and knowledge evaporation” (Cohen, 2006, p. 11) as threats and “new market access, increased competitiveness, defined formal Special Level Agreements (SLAs) , Information and Communication Technology (ICT), long term partnership, defined policies and tools, reinforced methods and ICT, defined rules and duties” (Cohen, 2006) as opportunities as a result of globalization. These can be tackled by “strong ethic policies, partnerships instead of purchasing and enhancement of governance” (Cohen, 2006) Globalization helps low and high cost countries to benefit through “balancing commercial exchanges and experience sharing” (Cohen, 2006, p. 12). Leverages/strategies to achieve Globalization are “transparency, investments instead of subsidies, sharing instead of concentrating” (Cohen, 2006, p. 12) Strategies Simens claims that their company is well equipped to counter the global challenges by reliance on continued innovation (30 inventions per day!) and differentiation. Its global workforce could be established by capitalising on off-shoring so as to ensure competitive advantage and continuity of the workforce. Globalization brings with it urbanization, with the result, today (2006) there are 280 million people in big cities and the trend is, more people in cities than in rural areas for the first time since ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The actual and potential impacts of globalisation on SIEMENS: Assignment”, n.d.)
Retrieved de
(The Actual and Potential Impacts of Globalisation on SIEMENS: Assignment)
“The Actual and Potential Impacts of Globalisation on SIEMENS: Assignment”, n.d.
  • Cited: 1 times
Comments (1)
Click to create a comment or rate a document
bergearmando added comment 6 months ago
Student rated this paper as
The topic of "The actual and potential impacts of globalisation on SIEMENS: Evaluation of possible strategies going forward which the company might use to respond to the impacts of globalisation." is quite often seen among the assignments in university. Still, this sample opens a fresh perspective of seeing the question. I’ll use the idea for my own sample.

CHECK THESE SAMPLES OF The actual and potential impacts of globalisation on SIEMENS: Evaluation of possible strategies going forward which the company might use to respond to the impacts of globalisation

International Business Environment: Impacts of Globalisation

...of trade barriers promote import and export activities by which a government acquires foreign investments (IMF). Often, foreign markets benefit an organisation rather than domestic markets when a potential offshore country offers favourable business conditions including cheap raw materials, labour, liberal government laws, and large number of potential customers. For instance, Starbucks Coffee Company transplanted its business operation from the United States to China and other parts of the globe. The emergence of a global financial market is the direct impact of globalisation, which assisted the borrowers to get better access to external financing. This...
11 Pages(2750 words)Essay

Globalisation an independent organisation involved in improving the worlds business, academic and political environments. Both the organisations through series of debate and negotiations with member countries have achieved milestones which seemed impossible at one stage (Macdonald, 1997). The anti-globalisation groups have potential in their arguments as well. The fear put forward is that economies deprived of resources are not actually able to operate properly with other developed economies. The pressure that will be faced of excessive competition when economies connect will wash away local small challengers. This means that there is a possibility that local goods...
11 Pages(2750 words)Essay


...countries’ diversification and robust development strategies (Miller, 2011). In addition, Bruce Pounder observed that accountants must incorporate the global economic factors in the preparation of their financial reports (Pounder, 2007). The improved understanding of the financial reports benefits the global users of the financial statements. The global environment account incorporates the accounting concepts of the affected countries (Idiart, 2011). The accountants use international accounting standards to improve the readers’ understanding of the companies’ financial reports. The above discussion evidences that the accountants must contribute to the reduction of...
12 Pages(3000 words)Coursework


...?Introduction The concept of functionalism is used to describe the way in which societies function and change over time, specifically with the development of social and cultural institutions. The concept of functionalism is important in creating an understanding not only of the basic elements of society for belief systems or survival. More important, there is a complete understanding of the social order through the use of functionalism. The attributes within society, such as purposes of groups and overall trends within a society can be explained with the theory of functionalism. However, there is also the understanding that, while it tries to explain the complete social order, it is also based on the...
7 Pages(1750 words)Essay


...and complications have emerged, like the marketing strategies that managers have to implement in a subsidiary with different culture and tradition. Products are also affected because there are people who don’t accept products without international appeal. (Briscoe & Schuler 2004, p. 12) There are those who oppose globalisation for ideological reasons, stating that globalisation is a tool of capitalism, a political vehicle of American imperialism and multinational companies. They also argue that the socioeconomic costs are too high and the benefits are not distributed equally (Giusta et al. 2006, p. xiii). Sceptics come from various sectors. Some commentators regard...
8 Pages(2000 words)Essay


...and positioning, the government rules and policies, the local culture, investments, and the target market are some of the issues that confront companies wanting to expand overseas. Due to globalization, situation has altered to keep pace with the changes. Nevertheless, challenges remain and it has serious impact on the managerial practices. Managers are faced with resolving issues of cultural diversity and have to improve their understanding of different cultures because of the diversity in the new workplace. Challenges for managers Cross-functional teams Responding to global threats and opportunities is a strategic challenge in the face of globalization. Motorola had to face several...
6 Pages(1500 words)Essay


...Globalisation Globalisation Introduction: Defining globalisation The term globalisation is used both as a as well as a prescription. In descriptive way, it is used to mean the ‘process of integration into the world economy’ and in its prescriptive way, it is used to mean ‘strategy of development based on rapid integration with the world economy’ (Nayyar, 2006). Hence we are faced with either a process or a strategy, and they are not the same. Trade, investment, finance and labour are the important elements of world economy. Globalisation is the expansion of these economic activities across national boundaries. This would require that the nations concerned should open their markets for international trade, international investment... ...
4 Pages(1000 words)Essay

Globalisation of ICTs- Positive and Negative Impacts

...Globalisation of ICTs- Positive and Negative Impacts Introduction Countries which have been able to harness the potential of ICTs, or Information and Communication Technologies, have been able to achieve significant economic and social development. These countries have even transformed themselves into knowledge based economies. But the situation is quite different from those nations which have not been able to adopt the trend. They are left far behind due to the lack of courage to grasp its potential to their benefit. This project aims to bring out the advantages and disadvantages that ICTs have brought to the society. Today ICTs have transformed the shape of every...
5 Pages(1500 words)Essay


..., globalization has also been accused of perpetuating social and economic inequality. Whether the current state of social inequality can be attributed to globalization will be known by focusing on the following discontents of globalization: Decreased employment While it is undisputable that globalization has led to more employment, it has been accused of leading loss of unskilled and semi-skilled labour. This has been attributed to on-going automation, and other technological developments that have emerged due to the spirit of globalization. For instance, the agricultural sector, which used to create employment to unskilled labour, has not been taken over by mechanization. This has led to loss of jobs,...
12 Pages(3000 words)Essay

Evaluation of Business Globalisation

...Evaluation of Business Globalisation Contents Introduction 3 Discussion 3 Globalization of Business 3 Advantages of globalization for business 4 Disadvantages of globalization for business 5 Examples 7 Conclusion 8 References 9 Bibliography 10 Introduction This study shall focus on impact o globalization in context of business environment. Globalization has been beneficial as well as disadvantageous for businesses. The term globalization refers to changes occurring across the globe in terms of transforming self-contained countries to an integrated region. Globalization of business is associated with company shifting from a single country towards multiple countries. It is...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic The actual and potential impacts of globalisation on SIEMENS: Evaluation of possible strategies going forward which the company might use to respond to the impacts of globalisation for FREE!

Contact Us