Compose a 1500 words assignment on the globalization and culture issues of siemens in china.
Compose a 1500 words assignment on the globalization and culture issues of siemens in china. Needs to be plagiarism free! The paper will then conclude that culture is an important aspect that affects multinational companies, and for these companies to succeed their must-have management policies that value the host nation’s cultural beliefs and values.
Global business management can be defined as the interaction of people from different cultures, societies, and various backgrounds in undertaking various business activities with the aim of achieving their goals. (Lee and Carter, 2005) Because of the invention of advanced technology, the world has increasingly become a village and as a result, global business is the modern form of business in this 21st century. Because of globalization companies have been able to penetrate different markets. Siemens China is a good example of a global company that has managed to successful operations in China However, the company was able to succeed in China after undertaking different policies and methods to overcome the cultural issues in China that were challenging its business success. Thus this paper is going to examine the major factors in cross-cultural issues and management of international companies such as siemens China managed to integrate them in order to succeed.
Siemens Corporation is a multinational company that was established way in 1847. it has its headquarters in Munich Germany. The company deals in electric and electronics together with telecommunications and information technology equipment which includes developing computer networks, creating wireless technology, and dealing in mobile phone technology. In pursuing its globalization goals of being a world major play in the industry, Siemens Corporation established its branch in China in 1872 as Siemens China. Over the past many years Siemens China has managed to open more than 40 new branches in China and has 20 joint ventures with other Chinese companies. As of 200, the corporation had a workforce of 43,000. In the same year, the company employed 5000 employees with 98% were Chinese. As Dr. Heinrich von Pierer the CEO of global Siemens comments, China is an important market for Siemens, and more branches will be opened to expand the market share of the Corporation.