Siemens 2007 Annual Report Download - page 161

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Management’s discussion and analysis 161
Management’s discussion and analysis
With People Excellence we create a working culture that motivates our people
to yield high performance results. The focus is on four topics: Leadership Excel-
lence (SLE) programs, Global talent pool (top talents), Expert Careers (key experts)
and Performance Management Process (PMP). Our SLE programs serve the deepen-
ing of business know-how and the advancement of leadership capabilities of
Siemens managers. Our Global Top Talent Pool enables us to identify our top tal-
ents and systematically foster their further development. Furthermore we system-
atically enhance the status of our technology experts by offering them attractive
career options through our standardized Siemens Expert Career program. The
PMP helps managers and employees to determine clear personal goals and per-
mits continuous and concrete feedback.
Corporate Responsibility comprises our commitment to society. This includes
Corporate Governance, Compliance, Climate Protection and Corporate Citizenship.
Corporate Governance is as the basis of all our decision-making and monitoring
processes. With our Compliance system, we are seeking to set the standard for
high integrity and transparency. With binding rules and guidelines we intend to
ensure that our employees and managers always conduct themselves in a legal
and ethical manner in relation to each other and to our business partners (for
further information on our compliance activities see “Legal proceedings” in this
MD&A). Climate Protection is not only an obligation to society but also a business
opportunity with signifi cant growth rates. Siemens is developing technological
innovations that help save energy and limit greenhouse gas emissions. Further-
more we have launched an energy effi ciency program for our production facilities
worldwide with the goal to increase energy effi ciency from 2006 to 2011 by 20%
relative to production volumes and comparable portfolio. Within Corporate Citi-
zenship the global rollout of both Siemens-wide citizenship programs, Siemens
Generation 21 in the fi eld of education and Siemens Caring Hands for social assis-
tance services, will be continued and intensifi ed. A further goal is to implement
projects that foster social and business benefi ts by more strongly integrating
Siemens’ specifi c expertise – for example by providing support for infrastructure
defi ciencies.
An essential requirement for profi table growth is to have a Portfolio that is
aligned with promising future markets. Therefore focused portfolio management
is crucial to our goals. We aim to keep and strengthen our position in the sectors
of Industry, Energy and Healthcare. Our goal is to be the Number 1 or Number 2
in all our businesses.