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What was the purpose of the Siemens scandal?
As the case study author states, the Siemens scandal is representative of what many firms believe is the inevitable “ethical cost of intense competition in global markets”, particularly emerging markets, where payments for contracts are described as common place and perhaps even required. ?
What is the culture of the Siemens company?
In Siemens’ culture, Innovations are thought to be able to help cut costs, increase sales and achieve higher earnings, and, those who fail to launch the right new product on the market at the right time will be punished more severely than ever before. Siemens intends to become “a pioneer in diversity”.
What are the three core values of Siemens?
It has three core values—- Responsible: Committed to ethical and responsible actions Excellent: Achieving high performance and excellent results; Innovative: Being innovative to create sustainable value. Keeping Profitable and long-term growth is the business strategy of Siemens, which is direct and simple.
Which is the business strategy of Siemens AG?
Keeping Profitable and long-term growth is the business strategy of Siemens, which is direct and simple. Specifically, according to the report of Siemens AG, there is several important components Siemens’ strategy, which is showed in the table below. Source: http://www.siemens.com
Last Update: Oct 2021
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19.10.2021 08:32
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