Siemens 2006 Annual Report Download - page 32
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32
As the key driver
of customer value,
productivity and
growth, our power
of innovation is a
clear reflection of
our competitive
strength.
Research
and development
Investments in research and
development
Investments in research and development
(R&D) are the prerequisite for successful
innovation and sustainable business suc-
cess. In fiscal 2006, we were once again a
world leader in R&D outlays in the elec-
tronics and electrical engineering industry,
increasing our spending on the develop-
ment of new products, systems and solu-
tions from €5.2 billion to €5.7 billion,
including R&D investments related to spe-
cific customer requirements.*
Nearly 50,000 Siemens employees in
40 countries – more than 10 percent of
our worldwide workforce – are employed
in research and development. Over half
of our 150 R&D locations are outside
Germany, mainly in other European coun-
tries, North America and, increasingly,
Asia-Pacific – and the trend toward inter-
nationalization is continuing. Now span-
ning the globe, our R&D activities are
focused on regions marked by robust mar-
ket growth and dynamic innovation. Our
international setup enables us to rapidly
develop new solutions for local customer
requirements and provides us with access
to a large global talent pool. Extensive
contacts with leading universities around
the world and roughly 1,000 cooperative
projects a year with universities and
research institutes worldwide are also
helping us attract highly qualified scien-
tists and engineers.
Increasing globalization and the chal-
lenges of demographic change and urban-
ization are placing ever-greater demands
on R&D. By maintaining a leading techno-
logical position, leveraging our global
presence and implementing a rigorous
patent policy to safeguard our intellectual
Research and development
* Including R&D investments related to specific cus-
tomer requirements. These investments have been
reclassified into cost of sales. For further information,
see Note 2 of Consolidated Financial Statements.