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Hi, I need help with essay on Choose a global business and critically analyse the organisational structure adopted by the company since 2008. Investigate the. Paper must be at least 3750 words. Please
Hi, I need help with essay on Choose a global business and critically analyse the organisational structure adopted by the company since 2008. Investigate the. Paper must be at least 3750 words. Please, no plagiarized work!
Download file to see previous pages...Some of the key products of the company are pointer telegraph, electric train, electron microscope, automation system, the most powerful gas turbine of the world as well as cardiac pacemaker. Siemens has been named the largest electronics company in the Europe by Bloomberg (Thiel, 2007). Strong labour resource acts as one of the major strengths for the company and it heavily depends on its workforce. The structure of the organization has undergone a major change in the last decade. Initially, the company was segmented into five primary divisions, such as Industry, Energy, Infrastructure and Cities, Healthcare and Siemens Financial Services (SFS) (Siemens, 2013b). All these divisions were administered by the CEO of the company. Each of the primary divisions has a large number of subsidiaries operating in nearly 190 countries in the world, both developed nations and underdeveloped nations. The global presence of the company is the basis of its competitiveness in the industry (Siemens, 2013c). Siemens has maintained organizational value on the grounds of quality standard of the products offered by the company, technological excellence of the production process, reliability and trust on the employees and its undeviating focus on international expansion. With expansion of business organizational structure had become complex due to long hierarchies and large number of corporate units under each of the five segments of the company. In the last decade, the company has come across a rough business terrain. During 2007 Siemens was accused of a huge bribery case. Corruption was rooted deep into the transactions of the company. This has given rise to considerable public scrutiny on the company and drew the company into controversies. It hampered the smooth functioning of the company which led the organizational leaders to adopt a major structural change in the organization. The new organizational structure has been aimed at making the organizational framework lean and flexible. This paper presents a detailed study of the new organizational structure of the company and the positive and negative impacts this change has cast on the company’s strategic management, its corporate culture and functional aspects. Methodology This paper looks into the effects of organizational structural change on the management of the company and its long term performance. The study has focussed on the structural change made by Germany based multinational Siemens. This is a qualitative study made on information collected through review of existing literature as well as information available on company website. Only secondary sources of information have been used for this study. Sources of information include books, articles published in journals and working papers and online sources of information. The changes made in the organizational structure have been presented at first followed by the investigation of positive and negative aspects of these changes on different factors affecting organizational performance. Main Findings Siemens has brought about major changes in the company and has adopted an altogether new structure. The management of the company has decided to maintain prime focus on three sectors. These are the industrial sector, the energy sector and the healthcare sector (Siemens, 2007). The company aims at staying close to the customers and acknowledge customers’ feedback at all levels of decision making of the company.