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64 Fit4 2010 Leadership Excellence programs Working at Siemens often means facing tasks that seem difficult to cope with at first sight. To be able to meet such challenges, it requires exceptional men and women, and winning teams that are able to "push back the limits”. It takes first-class management to activate potential and to achieve first-class results. The courses of the Siemens Leadership Excellence (SLE) program prepare management personnel specifically for their tasks. What makes it special is that managers develop managers. The course participants profit from the concentrated knowledge and experience of Siemens Management. Focal areas include Siemens-wide definition and implementation of joint management and value standards, communication of management instruments, and initialization of new approaches and strategies. In addition, the cross- Group and cross-Region network of Siemens managers is also enlarged. The worldwide sharing of experience not only engenders a positive response, it also greatly strengthens the management team. Nearly all the members of Corporate Management team have participated in the courses since the start of the SLE program in October 2005. Performance Management Process The prerequisites for all employees to contribute peak performance are to know their goals, to be allowed to continue their development, and to have an income related directly to the results achieved. The platform for this is provided by the Performance Management Process (PMP), which has been implemented. The target is for each employee to know what is expected of him or her, how he or she is assessed, and what development opportunities may be available. The PMP tool is also an important source of information for strategic HR processes, such as management development, Siemens Management Review and succession planning.
Fit4 2010 65 Experts Carriers (Key experts) Without scientists and engineers with outstanding technical knowledge and a sustained willingness to drive innovation even in the face of resistance, Siemens would not be the technology leader in many fields. To honor and promote these employees appropriately, Siemens has decided to establish a career track for these key experts, analogous to the career path for managers. Future The foundation for sustained personnel development has been prepared with People Excellence: With the Performance Management Process, the global talent pool, the expert careers, and Siemens Leadership Excellence, managers and employees can take advantage of high-quality programs. Throughout Siemens, we depend on the people to fill the initiatives with life over the long term, to use them, and to develop them further - and not to be satisfied with what has been achieved.
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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
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Corporate Strategies 7 Overall Corp
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Our Values 9 Our values Highest per
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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
Page 40 and 41: 40 Directors’ Report Enterprise R
Page 42 and 43: 42 Directors’ Report Corporate Co
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
Page 50 and 51: 50 Directors’ Report Investment i
Page 52 and 53: 52 Directors’ Report 3i Program S
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Page 56 and 57: 56 Directors’ Report Acknowledgem
Page 58 and 59: 58 Fit4 2010 Fit4 2010 - Tapping th
Page 60 and 61: 60 Fit4 2010 Operational Excellence
Page 62 and 63: 62 Fit4 2010 We succeed through our
Page 66 and 67: 66 Innovation at Siemens "Companies
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Page 82 and 83: 82 Industry, Infrastructure & Power
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Page 100 and 101: 100 Medical, OEM Onshore, Transport
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118 Innovation at Siemens
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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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Investors Relations 157 Siemens (Pa
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