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58 Fit4 2010 Fit4 2010 - Tapping the potential of an integrated technology company We are aiming at running our business on the basis of the highest values and business ethics. Corporate responsibility is one of the four drivers - along with Portfolio, People Excellence and Operational Excellence - helping us reach the performance goals we have set in our Fit4 2010 company strategy. The overall aim of Fit4 2010 as the strategic constant within <strong>Siemens</strong> is to increase the competitiveness and value of our company over the long-term. Our values - responsible, excellent, and innovative - and our commitment to being a world leader in transparency and compliance provide the foundation for our efforts in this regard. With Fit4 2010, we've set ambitious goals for our company as a whole, our sectors and our divisions that will enable us to match the performance of our top competitors by 2010 at the latest. A clear management and organizational structure coupled with the corresponding focal points of our four proven levers People Excellence, Portfolio, Operational Excellence and Corporate Responsibility are helping us achieve these goals. Highest performance with the highest ethics - building on our values, Fit4 2010 defines the goals and levers that will make this claim a reality.
Fit4 2010 59 Performance and Portfolio Our portfolio policies are based on the principle that all our businesses must capture and maintain No. 1 and No. 2 positions in profitable high-growth markets. For we know from experience that only businesses with leading positions in their markets are also profitable in times of crisis and can generate the profits we need to continue financing the R&D outlays and portfolio-strengthening measures indispensable to maintaining a competitive edge. Most of our businesses are already in leading positions in stable high-growth fields. Focusing on the three Sectors; Industry Energy Healthcare will enable us to profit from the major developments taking place in the world today: increasing urbanization, demographic change and climate change. Our portfolio priorities are clearly defined. To ensure strict resource allocation also in the future, we’re concentrating on organic growth, the further streamlining of our portfolio and selective investments. With our new three-Sector structure, we’ve taken a major step toward further sharpening our focus and streamlining our portfolio. We’re going to continue implementing this strategy and closely examine our businesses in regard to their strategic and financial fit in their respective Sectors. Of course, we’ll continue to invest selectively to enhance our competitiveness and augment our portfolio. However, every investment must meet rigorous financial requirements and support our overall goal of further increasing <strong>Siemens</strong>’ long-term value.
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1 Annual Report 2008 Pakistan Answe
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Mission 3 Mission To realize our vi
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Contents 5 Corporate Governance At
Page 7 and 8: Corporate Strategies 7 Overall Corp
Page 9 and 10: Our Values 9 Our values Highest per
Page 11 and 12: Code of conduct and ethics 11 We ar
Page 14 and 15: 14 Board of Directors Board of Dire
Page 16 and 17: 16 Board of Directors Mr. Klaus Ste
Page 18 and 19: 18 Committees Board Committees Mana
Page 20 and 21: 20 Information to Stakeholders Key
Page 22 and 23: 22 Information to Stakeholders Vert
Page 24 and 25: 24 Directors’ Report Dear Shareho
Page 26 and 27: 26 Directors’ Report Performance
Page 28 and 29: 28 Directors’ Report Industry Sec
Page 30 and 31: 30 Directors’ Report Within Count
Page 32 and 33: 32 Directors’ Report Corporate Go
Page 34 and 35: 34 Directors’ Report Board of Dir
Page 36 and 37: 36 Directors’ Report Changes in t
Page 38 and 39: 38 Directors’ Report Reviewed aud
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Page 44 and 45: 44 Directors’ Report
Page 46 and 47: 46 Directors’ Report 2,500 Nation
Page 48 and 49: 48 Directors’ Report Human Excell
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Page 52 and 53: 52 Directors’ Report 3i Program S
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Page 56 and 57: 56 Directors’ Report Acknowledgem
Page 60 and 61: 60 Fit4 2010 Operational Excellence
Page 62 and 63: 62 Fit4 2010 We succeed through our
Page 64 and 65: 64 Fit4 2010 Leadership Excellence
Page 66 and 67: 66 Innovation at Siemens "Companies
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Page 100 and 101: 100 Medical, OEM Onshore, Transport
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Statement of Compliance 121 16. All
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Auditors’ Report 123 Auditors’
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Balance Sheet 125 Siemens (Pakistan
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Cash Flow Statement 127 Siemens (Pa
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