Siemens' Place in World Business

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Siemens Place in World Business: Siemens is a multinational corporation that currently operates four major revenue generating sectors. These sectors include energy, healthcare, industry and its latest addition, infrastructure and cities. Siemens' energy sector leads the world in terms of products, services and solutions geared towards power generation. Its portfolio comprises highly efficient technologies for power transmission, thermal power plants, renewables, and for the extraction, processing and transport of oil and gas. Siemens healthcare sector ranks as one of the world's largest and leading providers in healthcare IT, imaging systems, laboratory diagnostics, and hearing instruments. Under its industry sector, Siemens is one of the world's leading suppliers of eco-friendly and innovative products and solutions for industrial customers. Of the four sectors, infrastructure and cities is the most recent Siemens' venture. Launched in October 2011 it offers sustainable technologies for metropolitan centers and urban infrastructures through building and security systems, integrated mobility solutions, smart grid applications, power distribution equipment, and low- and medium-voltage products. To date Siemens greatest competitor in the energy, healthcare and industry sectors has been General Electric (GE), long the world's dominant industrial company. Siemens Costs for Poor Ethics: Siemens was embroiled in a mammoth bribery scandal between the years 2006 and 2008 that
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