22 Jun Research Siemens website
Research Siemens website (http://w1.siemens.com/investor/en/index.htm).
Develop both an EFAS (External Factors Analysis Summary) table and an IFAS (Internal Factors Analysis Summary) table. The tables are to be submitted in one Excel file (one sheet for the EFAS and one sheet for the IFAS), separate from your assignment that will be written in MS Word.
You will be graded on your knowledge of the software and math in building the MS Excel tables, and on your ability to communicate in writing and present your arguments. The description of both your environmental and internal scanning process, including what factors you considered and why will be in your MS Word file.
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EFAS and a IFAS for Siemens
Research Siemens website (http://w1.siemens.com/investor/en/index.htm).
Develop both an EFAS (External Factors Analysis Summary) table and an IFAS (Internal Factors Analysis Summary) table. The tables are to be submitted in one Excel file (one sheet for the EFAS and one sheet for the IFAS), separate from your assignment that will be written in MS Word.
You will be graded on your knowledge of the software and math in building the MS Excel tables, and on your ability to communicate in writing and present your arguments. The description of both your environmental and internal scanning process, including what factors you considered and why will be in your MS Word file.
Introduction- About the company
As per Wikipedia, Siemens AG is Europe’s largest engineering conglomerate and its headquarters are located in Berlin and Munich, Germany. It has got approximately 480,000 employees worldwide in nearly 190 countries and reported global revenue of $110.82 billion as of 2008.
Environmental analysis – EFAS and IFAS
Environmental analysis is an essential element of formulating strategy. Srategy is about:
“* Where is the business trying to get to in the long-term (direction)
* Which markets should a business compete in and what kind of activities are involved in such markets? (markets; scope)
* How can the business perform better than the competition in those markets? (advantage)?
* What resources (skills, assets, finance, relationships, technical competence, facilities) are required in order to be able to compete? (resources)?
* What external, environmental factors affect the businesses’ ability to compete? (environment)?
* What are the values and expectations of those who have power in and around the business? (stakeholders)”
As per quickmba, “Strategic planning clearly defines objectives and assesses both the internal and external situation to formulate strategy, implement the strategy, evaluate the progress, and make adjustments as necessary to stay on track.”
EFAS- External Environmental analysis tells about the opportunities and threats.
Macro Economic environment
As per wikipedia “The gross domestic product (GDP) is one of the measures of national income and input for a given country’s economy. GDP is defined as the total cost of all finished goods and services produced within the country in a stipulated period of time (usually a 365-day year). It is sometimes regarded as the sum of profits added at every level of production (the intermediate stages) of all final goods and services produced within a country in a stipulated timeframe, and it is rarely given a monetary value.
http://en.wikipedia.org/wiki/Gross_domestic_product.
The world economy is affected now by recession and contraction in GDP. According to estimates of Global Insight, Inc. released on November 14, 2008, global gross domestic product (GDP) is expected to grow more slowly in 2009, at an estimated rate of 1.1% compared to an estimated 2.7% in 2008. This may lead to reduced spending by the businesses and the consumers which can lead to the contraction in worldwide demand. …
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