In pursuing its Vision 2020, Siemens continues to streamline operations while prioritizing movement into areas that promise sustained growth.
Since 2014, the German engineering giant has been refining and focusing on core activities such as electrification, automation, and digitalization. This enables Siemens to deliver on its aspiration to make real what matters—solving people’s most pressing technological needs by more pointedly allocating resources.
Siemens has proven especially deft at reinforcing the relevancy of its offers in an ever-evolving technological landscape. The latest tactic: innovative partnerships. Collaborating with FreeWire Technologies, Siemens is developing flexible car-charging solutions for parking lots. The company is also working with Booz Allen and Power Analytics Partners to help New York communities identify micro-grid needs in line with Governor Cuomo’s energy initiative. Ideas like these give people the chance to experience the brand as part of their daily lives, reminding them how integral Siemens is to modern society.
To realize the technological feats mapped out in its Vision 2020, Siemens is doubling down on people. To help its employees accelerate the business strategy, Siemens is investing more than USD $280 million every year in continuing education, as well as dual education programs that give young employees the opportunity to go to school while learning on the job. By fostering an ownership culture, CEO Joe Kaeser hopes to inspire even more employees to become shareholders.
Siemens is also taking responsibility for the impact of its ambitions on the world by enhancing its reputation as a corporate citizen. It plans to cut its carbon dioxide emissions in half by 2020 and become the first leading industrial company to claim a net-zero carbon footprint by 2030.
Harnessing its existing strengths and entrepreneurial spirit to tackle new opportunities, sustain its core business, and outpace its competitors in terms of efficiency and performance, Siemens is engineering a strategy for long-term growth.