Research Siemens website (http://w1.siemens.com/investor/en/index.htm).
Using your research findings from the Library and the Internet, develop both an EFAS (External Factors Analysis Summary) table and an IFAS (Internal Factors Analysis Summary) table.
knowledge of the software and math in building the MS Excel tables, and on your ability to communicate in writing and present your arguments. The description of both your environmental and internal scanning process, including what factors you considered and why will be in your MS Word file.
Explain the strategic management process within the global environment.
Conduct various environmental analyses as they relate to an organization.
See the Excel attachment.
Siemens is Europe's largest engineering company. It global headquarters are based in Berlin and Munich. The company is a conglomerate of three businesses namely Industry, Energy, and Healthcare.
The environmental scanning process was done be assessing the global industry potential of the industries in which Siemens operated. The industries identified with high growth rate and potential are automation, communications, lighting, medical, power, and transportation. During the environmental scanning process it was realized that if there was an integration of the businesses there would be better and larger opportunities. Siemens calls these cross-sector businesses. For example, the buildings of a health care facility and developing power generating capabilities for the facilities. It was observed that there were high growth opportunities for Siemens in information technology and communications.
While carrying out the environmental scanning process, I came across factors that pose a threat to the growth of Siemens. The first is the weakness in the global economy. There is a slowdown in the economic situation that has had a deleterious effect on ...
This posting gives you an in-depth insight into Siemens EFAS and IFAS table