Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

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28Fit 4 2010Performanceand PortfolioGrowth and profitability are thebasis of our portfolio’s long termstrategic orientation. We arefocusing on promising fields inwhich we can capture and systematicallystrengthen leadingpositions. Our goal is to grow atleast twice as fast as the globaleconomy in order to be asprofitable as our top competitors
Fit 4 2010 29An essential requirement for profitable growth is tohave a portfolio aligned with tomorrow's most promisingmarkets, so proactive, focused portfolio managementis crucial to our goals. Given that marketschange constantly, portfolio management is anongoing task. We are developing our portfolio byinvesting in existing businesses and in newbusinesses, either through organic growth orthrough acquisitions.Our portfolio policy is guided by two fundamentalprinciples: Our goal is to be the Number 1 orNumber 2 in all our businesses. We have already metthese two conditions in the majority of our businesses.In those businesses that fall short, we have aclearly defined intermediate-term strategy designedto help us attain a leading position. Our businessexperience has shown that only those companieswith a leading position in their markets remain profitable,even during times of crisis. In addition, thesecompanies earn well enough to continue to investadequately in R&D and in strengthening their portfolios.We are concentrating in three application fieldsthat have high future potential. These are:Energy and Environmental CareAutomation & Control, Industrial and PublicInfrastructuresHealthcareIt is in these three application fields, more thanin others, that we intend to round out our futureportfolio with new products and technologies. Inother words, it is here that we wish to invest heavilyin innovation and to strengthen ourselves withacquisitions so that we can open up new areas ofbusiness and tap growth markets.<strong>Siemens</strong> continues to support its businessesthrough its proven top+ management system, therebyensuring long-term success in a globally competitiveenvironment. The top+ work processes andmethods are the levers for achieving the goal ofoperational excellence within the scope of the new<strong>Siemens</strong> Fit 4 2010 program.
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Page 10 and 11: 10Directors’ Reportagriculture, m
Page 12 and 13: 12Directors’ ReportKey Operating
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Page 18 and 19: 18Directors’ Reportrecommendation
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Page 24 and 25: 24Pattern of ShareholdingSiemens (P
Page 26 and 27: 26Our ValuesOur ValuesExcellenceInn
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MOTAC 79Carrier Telephone Industrie
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Locally Manufactured Products and S
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Our Values 89InnovationAL FAHIDI su
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Corporate Committee 91Mansoor Faroo
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Notice of Meeting 93FOR APPOINTMENT
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Statement of Compliance 9516. All m
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Auditors’ Report 97Auditors’ Re
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Balance Sheet 99Siemens (Pakistan)
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Cash Flow Statement 101Siemens (Pak
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Notes to the Financial Statements 1
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Siemens (Pakistan) Engineering Co.
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Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

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