Digitalization at Siemens Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Digitalization at Siemens Case Study Analysis

What are the potential pitfalls and opportunities?

Opportunities:

One of the most influential strategies of the company is to focus on growth, and for implementing this strategy the company has taken numerous steps. One of the opportunities that isavailable for the company is to perform joint venture in order to maintain its competitive position in the industry and drive growth. The company canalso focus on driving innovation through R&D and become the market leader.The company should engage in an emerging market and enable the users to generate benefits from the digitalization. The company should maintain a corporate culture and provide equal opportunities. This will help the company to attract new talent. Nowadays, industries are rapidly moving towards digitalization, with their major focus on digitalization strength, the companies are able to make substantial gains quickly. One of the major strengths of the company is in vertical IT, which will provide an additional opportunity to the company to focus on its core competencies by enhancing its capabilities in vertical IT. To be able to quickly and efficiently offer digital products; the company has combined the platform of technology in its central corporate technology and R&D department. This will define new ways to accelerate the growth of the company, as the company has taken new and innovative approaches in order to gain an excessive market share.Currently, the company has been rigorously aligning itself in order to exploit the opportunities and potentials to achieve long term prosperity. The company has an opportunity to develop innovative technology, which would allow it to gain the first mover advantage.

Drawbacks:

Various players in the industry create stiff competition, which is one of the substantial threats for the company. The strategies of the company are easy to imitate, which is considered to be one of the major drawbacks of the company, because the other competitors could also take a pie from the market by imitating the company’s strategies. As the world is moving towards digitalization, it is important for the company to introduce the new technology rapidly, which ultimately requiresa higher cost. The successful innovation and implementation of an innovative technology requires a high cost as well as highly talented scientists that innovate the technology or find new and easy ways to do things. Due to a lack of talented scientists, it is not easy for the company to come up with a highly innovative technology very soon.

Recommendation and Conclusion

Siemens is performing quite well in the industry and has improved its operations since its transition from electrification to digitalization.The organization mainly requires an improvement in its internal processes with retaining the criteria of half yearly meetings to evaluate the issues being faced by each division, which will significantly result in an effective management of the organizational operations. The company should focus on innovation through digitalization. Furthermore, it is also recommended that Siemens Company should also improve the quality of itsdecisions in order to have better results derived after the implication of such decisions. The values and culture of the R&D are also vital.The company should maintain a strong, successful, fast and positive culture, which might help it to hold onto the best players of the company. Siemens should work hard in order to become a market leader and it should also make sure that the entireorganizational operations are effective and are following the market trends...............................

This is just a sample partical work. Please place the order on the website to get your own originally done case solution.