Siemens Case Study

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INTRODUTION Siemens AG, a German company, has its headquarters in Berlin and Munich. It is the largest engineering company in Europe with branch offices worldwide. As of September 30, 2015, we had around 348,000 employees in more than 200 countries. In fiscal 2015, they generated revenues of €75.6 billion. Siemens is a global powerhouse focusing on the areas of electrification, automation and digitalization. In order to take full advantage of the market potential in these fields, the business is divided into nine divisions and healthcare as a separately managed business. Looking at the revenues, the top three divisions contributing are as follows: 1. Power and Gas Division: Provider of a wide range of products and solutions (gas and steam turbines,…show more content…
Healthcare Division: Using its engineering excellence, Siemens undertook ground-breaking role in helping healthcare professionals to improve care and extend it to more patients. Helsinki University Hospital in Finland was looking for a way to improve acute stroke care and optimize patient outcomes without increasing costs. Together, the hospital and Siemens Healthineers analyzed processes and changed them to better connect the ambulance services with the emergency department and the latter with the neurological department. Independent of your specialization or size, Siemens is committed to deliver you with cost-efficient solutions, starting point being the patient’s bed. They help to achieve diagnostic confidence at the point of care and support people with the evaluation and monitoring of chronic…show more content…
However, annual growth rates, which have been over 2 percent until now, will be only half as large after 2025. Fossil resources accounted for almost 82 percent of global energy consumption in 2012, and their share is expected to be about 75 percent by 2040. Global demand for natural gas in particular will grow by more than 50 percent, according to the report. That is the highest growth rate of all fossil fuels. By 2030, according to IEA calculations, natural gas will become the leading fossil fuel in OECD states too. The share of coal, on the other hand, is predicted to fall to 27 percent by 2035, when it will be level with natural gas. Unconventional natural gas will be responsible for almost 60 percent of worldwide growth. An analysis undertaken by Siemens’ Corporate Information Research Center (IRC) identifies shale gas as the fastest growing segment. In the U.S., for example, it already accounts for 44 percent of total natural gas production. In the U.S., energy is plentiful and less expensive than in other countries, due in no small part to fracking technology. IEA experts expect that in the 2020s the average cost of an energy unit will actually be lower in the U.S. than in
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