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Siemens internship 2011
The document provides information about a summer internship proposal at Siemens Corporate Technologies (SCT) India. It discusses SCT's focus areas of renewable energy, medical devices, and healthcare delivery. The proposal outlines a project to analyze the market landscape and emerging technologies for a given Indian industry over the next 10 years. It also describes the applicants' backgrounds and expectations for learning about strategic management, consulting practices, and gaining experience working in a corporate research team environment.
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Siemens internship 2011
- 1. Summer Intern 2011ProposalKumarTapeshShashidhar ShenoySiemens Corporate Technologies
- 2. About SiemensGerman engineeringgiant with operations in nearly 190 countries.Founder : Werner von Siemens – 1847 Three main sectors of their business:Industry SectorEnergy SectorHealthCare sectorBusiness sub-unitsSiemens IT Solutions and ServicesFinancial ServicesSiemens provides answers to the world’s toughest questions. This is Siemens tradition for the past 160 years
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- 4. Siemens in IndiaEarliestIndia connection: 1867 – Indo European Telegraph line from Calcutta to London. Currently into manufacturing electrical and electronics equipment with a business volume of Rs. 11800 crores.22 companies providing direct employment to around 17000 people with 18 manufacturing plants Trades on both NSE as well as BSERecently announced its open offer – parent company to buy 19.82% of shares at Rs. 930/share
- 5. 160 years ofCorporate Research and Innovation
- 6. Some Examples…1847 Telegraph1866Dynamo1879 Electric Train1881 telephone Switchboard and Electric Car1906 Vacuum Cleaner1931 Electric Hair Dryer1939 Electron Microscope2004 Full Body MCR Technology2005 Electronic Wedge Brake
- 7. Innovation is LifeBlood
- 8. Patent Positions ofThe CompanyGermany No. 2Europe No. 3USA No. 11
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- 12. What SCT Indiadoes…Answers the toughest questions regardingRapid health diagnosisSupplying clean energyIndustrial Technologies
- 13. Scope of InternshipIdentifynew opportunities for CTT India in selected R&D field usingTechnology KnowledgeMarket Research Innovation Management Financial Analysis Strategic planningDevelop a technology roadmap & give recommendations for future endeavoursIdentify open innovation opportunities and support network for collaborationPossible opportunity to publish some part of the research in leading academic journals
- 14. Projects previously offeredSMARTInnovations in Renewable Energy Requirement analysis of medical devices for Emerging markets Requirement analysis of telemedicine solutions for Emerging Markets Siemens CTT India opportunities in in-vitro diagnostics A Patient Information Based Comprehensive Healthcare Delivery System for Rural India
- 15. Our ProjectAnalyzing themarket landscape for a given Indian industry.Evaluating various trends that would drive this industry with their certainty and impact rating.Evaluating various technologies that would be prominent in the industry in a span of coming 10 years.
- 16. My Background –How will I fit?TechnicalB.Tech. in Aerospace Engineering from IIT KharagpurKnowledge about electronics, Radio Transmissions, Signal Propagation, Wireless CommunicationSoftware ManagementSOMTMarketingITMIS
- 17. Our ExpectationsExperience inworking in the field of Market Research, Trend Analysis etcChance to work with great innovators and some of most intellectual corporate personalities.An opportunity to understand corporate world closely.A chance to implement whatever we have learnt till now.A chance to improve our personal skills.
- 18. Internship at SCTAcomplete learning experience in all areas of management: Market ResearchFinancial AnalysisInnovation ManagementTechnology KnowledgeStrategic PlanningWill be joining in their strategy team which acts as an internal consulting division providing technology roadmap and recommendations.
- 19. My Background –How will I fit?Bachelors degree in ECE from BangaloreStrong Academic records.Working experience in the software domain – operating Systems for mobile phones.The company which I worked in was taken over by a large company – both small company and big company exposureInterest in data analytics, consulting in IT and technology based industries.
- 20. Projects previously offeredSMARTInnovations in Renewable Energy Requirement analysis of medical devices for Emerging markets Requirement analysis of telemedicine solutions for Emerging Markets Siemens CTT India opportunities in in-vitro diagnostics A Patient Information Based Comprehensive Healthcare Delivery System for Rural India
- 21. Background StudyAspects ofStrategic Management – General environment, PEST analysis, Generic strategy, strategic alliances, etcBasics of marketing, accounting and statistics to work on complex problemsResearch on the strategy consulting practices:How knowledge accumulation has changed strategy consulting: strategic options for established strategy consulting firms - Frans A. J. Van den Bosch, Marc G. Baaij and Henk W. Volberda
- 22. Expectations and LearningExperienceof working in corporate research team - high innovation environment, predicting future trends based on current research and economic potential.Being able to contribute in success of the company by giving current developments in academic area.Chance to interact with decision makers - observing how big corporate decisions are takenGauge industry requirements – a chance to observe current trends in industry and note down requirements.Self assessment - Chance to implement learning till now and assess what improvements are needed.
- 23. Referenceswww.siemens.comCompany annual report2010http://www.moneycontrol.com/india/stockpricequote/telecommunicationsequipment/siemens/SSiemens CT Summer Internship Pitch – pre placement presentations.http://web.ebscohost.com/Business Dailies
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Editor's Notes
- #3 Siemens is a German engineering company with operations in nearly 190 countries.AG – Akteingesselschaft- a publicly traded companyListed on the Frankfurt Stock Exchange and on the NYSE since March 12,2001Werner Von Siemens along with Mechanical engineer Halske start company in 1847 to manufacture telegraph pointers.-Industry Sector concentrates on supplying equipment for manufacturing, transport, building and lighting systems.Energy Sector offers products, solutions and services for the for the entire energy conversion chain – from power generation and transmission to distribution.HealthCare focuses on latest diagnostic technology with imaging and specialized ITSiemens IT Solutions – IT solutions and global outsourcing solutions.Financial Services – non bank finance provider – capital for infrastructure, equipment and operations.It employs 405,000 people across the world with 30,100 in R&D.. 5.1 % of its revenues invested in R&D
- #4 Revenues have decreased year on year due to the slower demand of heavy industrial products and healthcare.However, the high operational efficiency played an important role in increasing the revenues. They cut marketing, selling and general administrative expenses and achieved excellent results with their procurement initiativeThe sustainability focused strategy has paid off leading to increased profits.
- #5 Indo European Telegraph line enables a message to travel from Calcutta to London in just 28 minutes instead of 30 days.Source: Company websitehttp://articles.timesofindia.indiatimes.com/2011-01-31/india-business/28357858_1_open-offer-voluntary-offer-siemens-ag
- #17 SOMT - Strategic and operational management for Technology
- #19 Shashi takes over from here.Develop a technology roadmap & give recommendations for future endeavoursIdentify open innovation opportunities and support network for collaborationPossible opportunity to publish some part of the research in leading academic journals
- #20 What kind of projects can be expected?
- #21 Abhishek Gupta worked in SCT for 2 months last year. He worked on many small projects (1-3 days) but the one big project which he did was on the lighting sector:- Analyzed the market landscape of the Indian Lighting industry.- Evaluated various trends that would drive this industry with their certainty and impact rating.- Evaluated various technologies that would be prominent in this industry in a span of coming 10 years and recommendations for Siemens.
- #22 There is considerable research evidence to confirm that the accumulation of knowledgecontributes to the competitive advantage of firms. However, in strategy consulting, oneof the most knowledge-intensive professional services, established firms that exploitedtheir knowledge accumulation by adding exploitative consulting practices have foundtheir performance has deteriorated.The increasing share of exploitative practices in the strategy consulting industry hasattracted both established ICT-related consulting firms and new entrants. Moreover, it hasenabled clients to expand their problem-solving abilities. These developments, in termsof competitiveness and client competencies, have reduced the attractiveness of exploitativepractices for established strategy consulting firms.To analyse this development and to provide strategic options for the established firms, aconceptual framework is proposed. Based on this framework three strategic options areidentified: ‘follow the herd’, ‘become ambidextrous’ and ‘back to the original focus’. Insummarizing our argument, we highlight the pros and cons of these options and theimplications for senior management.
- #23 Corporate Research : Analyzing competitive advantage. SWOT… long term advantage of having this policy.