Siemens 2007 Annual Report Download - page 32

32 Fit42010
From Fit4More to Fit42010 – Programs
for sustainable development and value
creation
By focusing on Fit4More over the past two years, we laid the groundwork
for our future success. Now, we intend to make further strides by systemat-
ically implementing a new Siemens-wide program: Fit42010. Our aims
remain the same: to provide outstanding benefi ts for our customers, posi-
tion our businesses for long-term market leadership and further increase
the value of our Company.
Fit4More successfully
implemented
Achieving the Fit4More targets that we set in April 2005 provided us with a solid basis for long-
term profi table growth. Our fi nancial results clearly demonstrate the effectiveness of the pro-
gram’s tools and levers. All our Groups reached their margin targets by the second quarter of
fi scal 2007. Growth over the past two years totaled more than 15 percent. What’s more, we
fulfi lled the aims of all four of our Fit4More pillars:
¢ Performance and Portfolio – To create a portfolio that would guarantee our future success,
we pursued a two-pronged strategy. First, we completed the strategic realignment of selected
activities – including, in particular, our Information and Communications business area.
Second, we continued to expand – through acquisitions, where appropriate – our strong core
businesses like energy and environmental technologies, automation systems, public and
industrial infrastructures, and healthcare solutions.
By implementing the other three pillars, we established new standards and processes Compa-
ny-wide and further developed our proven strategies:
¢ People Excellence – Implementing targeted measures, we made additional progress in creat-
ing and maintaining a high-performance culture – a worldwide strategy that’s enabling us to
identify and nurture the young people who will one day lead our Company and to provide our
key experts with new career paths. Our motto is “World-class leaders for world-class results.”
¢ Operational Excellence – As part of our top+ initiative, we established standardized processes
and procedures throughout the Company while concentrating intently on Innovation, Cus-
tomer Focus and Global Competitiveness.
¢ Corporate Responsibility – Our rigorous, highly focused corporate responsibility program
increased our Company’s value and earned us a place on the Dow Jones Sustainability Index
once again in 2007.