Question

List some stakeholders for Siemens (company in the same industry as General Electric) and how they benefit.

Answer 1

Meaning of stakeholders:

Stakeholder is a party that has a direct or indirect interest in company, and they are affected by decisions or actions or policies of business by any manner.

Examples of Stakeholders:

• Investor
• Employees
• Customers
• suppliers

List of Stakeholders of siemens & how they will be benefited:

1. Investors:

Investor is the individual or institute who has directly or indirectly invested their money in siemens company.

How they will be benefited:

• Siemens are the pioneer in technology driven market, so their stocks are performing well.
• Siemens diversified their business in well versed manner that can diversify risk for investors.
• Being a global leader, their investor has high potential of future earnings.
• Siemens follow good governance, high standard of integrity and transparency and follow participative decision-making style.
• Siemens was an early adopter of EVA (economic value added), new financial indicator that they are using for taking business decisions.

2. Customers:

• Siemens is working on intensifying customer focus so customer will get better products and services.
• Continuous innovations will provide latest technological products.
• They are growing in emerging markets so customer can access their products and services across globe.
• Due to Diversification business customers will get variety of products.
• Due to expansion reach of product & brand value will increase.

3. Employees:

• Siemens is empowering their diverse and engaged people across the globe providing them better opportunities, encouraging lifelong learning and development through various training projects, eg. Celemi   
• they stand for integrity, so employees are treated fairly and maximum efforts are putted for motivation.
• Employees will get opportunities of working across the globe.
  4.Society:
• Siemens believes in sustainable development that will be benefited to society as well as future generations that they are not harming to environment for current benefits.
• They are also providing a leading environmental portfolio through which they can achieve objective of sustainable development.