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Analysis of Success Factors of the Innovation Transformation of Siemens

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

Listed:
  • Xi Ye

    (Shanghai China, Xuecheng International Education)

Abstract

Siemens is a global leading enterprise established in 1847 and its business mainly lies in electrification, automation as well as the digital era. In the past two decades, Siemens has entered the power industry 4.0, which focuses on digital business. This study is committed to using the relevant enterprise innovation theory to comprehensively analyze the three factors of Siemens's innovation transformation. It identifies the comprehensive strategies of Siemens in the aspects of enterprise personnel, enterprise strategy as well as ecosystem. Hence, this study has a certain enlightening effect on enterprises in the same industry or similar industries.

Suggested Citation

  • Xi Ye, 2022. "Analysis of Success Factors of the Innovation Transformation of Siemens," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 294-300, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_44
    DOI: 10.2991/978-94-6463-036-7_44
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