Joe Kaeser, CEO of Siemens AG, attributes the company’s success to its ability to adapt and innovate. Siemens, a 170-year-old German industrial conglomerate, has managed to stay relevant and competitive in the modern world by focusing on innovation and technology. Kaeser emphasises the importance of understanding the digital revolution and its implications for the company.
Siemens has invested heavily in digitalisation, with a reported $10 billion spent on software acquisitions over the past decade. The company has also established a separate unit, Siemens Digital Industries, which focuses on digital transformation and automation. This unit aims to assist clients in various industries in their digital transformation journeys.
Kaeser also highlights the importance of company culture in driving success. He believes in the power of diversity and encourages a culture of openness and inclusivity. Siemens has a workforce from over 200 countries, which Kaeser believes brings a wealth of ideas and perspectives that drive innovation.
Lastly, Kaeser stresses the need for corporations to be socially responsible. Siemens has set ambitious targets to become carbon neutral by 2030, demonstrating a commitment to sustainability. Kaeser believes that corporations have a role to play in addressing global challenges and should use their influence for positive change.
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