Siemens 2012 Annual Report Download - page 7

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As a company with a solid financial basis and an outstanding com-
petitive position, we practice intensive portfolio management, focus-
ing our portfolio and investments on attractive markets with high
growth potential. The successful test of our new six-megawatt wind
turbines in Østerild, Denmark and our strong partnership with the
German utility EnBW Energie Baden-Württemberg AG show how this
strategy is paying off: thanks to timely investments in offshore wind
turbines and combined cycle power plants, we’re already profiting
from the transition to a new energy system. Both technologies are
part of our groundbreaking Environmental Portfolio.
Strength
In all areas of Company-wide relevance, we foster
continuous knowledge exchange across our entire
organization. Our service business is a good example
of how our cross-business activities are creating
value. The IT-supported services we’re providing for
machine tool manufacturer Schwäbische Werkzeug-
maschinen, for instance, not only improve processes;
they also strengthen customer loyalty. Other cross-
business activities bundle our expertise in procure-
ment and foster the development of our employees.
Networking
We offer our highly qualified, international workforce a wide range
of opportunities for further education and professional development.
Our Company-wide training and continuing education programs –
coupled with measures to make our teams more diverse – are strength-
ening our employees and our management culture and enabling us
to rigorously leverage the power of Siemens across our entire organi-
zation. A specialized software platform allows us to effectively and
successfully coordinate diverse teams across continents and time zones.
We also conduct entry-level programs for university graduates and
run a Company-wide idea management program that enables us to
benefit from our employees’ suggestions.
Diversity