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The company Siemens as an example of a multinational corporation Companies are a very important part of a country’s economy. Businesses produce goods and provide services, and they come in every shape and size. Although the vast majority of the world’s companies are small, in many countries the economy is dominated by large firms. Large businesses differ from small ones in a wide variety of ways. In many countries there are nationalized companies belonging to the state, as well as private companies. A private company might be a small firm with just one owner or a very large firm with thousands of shareholders ‘owning’ the firm. Some firms may only produce one good or provide one service. Others may produce many different products; in fact they may seem to be like a collection of ‘businesses’ inside of one company. As a company gets bigger it may expend geographically. Many large firms are multinationals like Nestle, General Motors, Ingersoll Rend etc. They have manufacturing plants and trading locations in several different countries spread around the world. As an example of multinationals can be considered the company Siemens. Over the decades, its name is a synonym to progress. Since 1847, when Werner Siemens and Johann Georg Halske founded the Siemens & Halske Telegraph Construction Company in Berlin, the history of Siemens has been closely linked with the development of electrical engineering. New ideas are an old tradition of Siemens. The company is today a highly innovative leader in the world electrical and electronics market. Composed of 7 Siemens AG and an array of domestic and foreign subsidiaries, the contemporary Siemens organization continues to set milestones on the road of progress. Siemens has factories in more than 50 countries and operates a worldwide sales network. With the number of employees of more than 300,000, it is one of the largest companies in the world electrical/electronics industry. Its annual sales recorded €1.5 bln in the 2014 fiscal year. Its reliable and farsighted management is united with the youthful dynamism and zest for innovation that typify the company.
The company Siemens as an example of a multinational corporation Companies are a very important part of a country’s economy. Businesses produce goods and provide services, and they come in every shape and size. Although the vast majority of the world’s companies are small, in many countries the economy is dominated by large firms. Large businesses differ from small ones in a wide variety of ways. In many countries there are nationalized companies belonging to the state, as well as private companies. A private company might be a small firm with just one owner or a very large firm with thousands of shareholders ‘owning’ the firm. Some firms may only produce one good or provide one service. Others may produce many different products; in fact they may seem to be like a collection of ‘businesses’ inside of one company. As a company gets bigger it may expend geographically. Many large firms are multinationals like Nestle, General Motors, Ingersoll Rend etc. They have manufacturing plants and trading locations in several different countries spread around the world. As an example of multinationals can be considered the company Siemens. Over the decades, its name is a synonym to progress. Since 1847, when Werner Siemens and Johann Georg Halske founded the Siemens & Halske Telegraph Construction Company in Berlin, the history of Siemens has been closely linked with the development of electrical engineering. New ideas are an old tradition of Siemens. The company is today a highly innovative leader in the world electrical and electronics market. Composed of 7 Siemens AG and an array of domestic and foreign subsidiaries, the contemporary Siemens organization continues to set milestones on the road of progress. Siemens has factories in more than 50 countries and operates a worldwide sales network. With the number of employees of more than 300,000, it is one of the largest companies in the world electrical/electronics industry. Its annual sales recorded €1.5 bln in the 2014 fiscal year. Its reliable and farsighted management is united with the youthful dynamism and zest for innovation that typify the company.
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