Siemens Swot Analysis Model

Siemens: Management Innovation at the Corporate Level:

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Introduction:

Siemens is a successful German energy, technology and manufacturing company. It was formed in the year 1966, during the amalgamation of Siemens & Halske AG. Siemens operates in more than 200 countries, as well as regions where it offers a wide range of services and manufacturing (Siegfried, 2016). Some of these services comprise of energy management, power generation, transportation, power transmission, medical engineering and telecommunication systems among others. Some of the products offered by Siemens comprise of diagnostic imaging systems, hearing aids, mass transit systems, mobile telephone, power generating equipments

SWOT analysis is a process used for identifying the strengths, weaknesses, opportunities and threats of any given company or organization. Therefore, SWOT analysis of Siemens will be a framework to identify and analyze the internal and external factors that have impacted or could have an impact on the viability of product, project and management that could affect its future performance (Stadler, 2013). The internal factors comprise of the strengths,and weaknesses, while the opportunities and threats deals with the factors that are external to the company, such as the environmental factors. SWOT analysis is very beneficial since it helps a company to develop a strong business strategy, by making sure that it considers all its business strengths and weaknesses, as well as the opportunities and threats that it could be facing in the marketplace (Siegfried, 2016). Therefore, Siemens SWOT analysis will put it on the right track right away and save it from future

Some business reviewers claimed that, Siemens disclosure controls and procedures are very ineffective as a result of material weakness in its internal control. To be precise, in the anti-corruption and financial report Siemens continues to experience hardships owing to its limitation in internal control (Stadler, 2013). Additionally, Siemens is low in credit rating- of recent the company’s credit ratings became degraded by other major global rating agencies due to its capital structure. The finance of Siemens is very poor in generating cash flow and this negatively affects its ability to obtain new funding and investment from external investors due to low credit