Book contents
- Frontmatter
- Contents
- List of figures
- List of tables
- List of contributors
- Acknowledgments
- 1 The challenge of organic growth
- 2 Profitable growth at Siemens Medical Solutions
- 3 UPS: Brown's organic growth story
- 4 Execution: making growth happen at The Home Depot
- 5 SYSCO: how has it achieved thirty-four years of continued growth?
- 6 Strategic position, organic growth, and financial performance
- 7 Defining and measuring organic growth
- 8 The make or buy growth decision: strategic entrepreneurship versus acquisitions
- 9 The misunderstood role of the middle manager in driving successful growth programs
- 10 Organic growth through internal corporate ventures
- 11 Linking customer management efforts to growth and profitability
- 12 Harnessing knowledge resources for increasing returns: scalable structuration at Infosys Technologies
- 13 Stay tuned: knowledge brokering via inter-firm collaboration in satellite radio
- 14 New directions for the study of organizational growth
- Index
- References
2 - Profitable growth at Siemens Medical Solutions
Published online by Cambridge University Press: 03 December 2009
- Frontmatter
- Contents
- List of figures
- List of tables
- List of contributors
- Acknowledgments
- 1 The challenge of organic growth
- 2 Profitable growth at Siemens Medical Solutions
- 3 UPS: Brown's organic growth story
- 4 Execution: making growth happen at The Home Depot
- 5 SYSCO: how has it achieved thirty-four years of continued growth?
- 6 Strategic position, organic growth, and financial performance
- 7 Defining and measuring organic growth
- 8 The make or buy growth decision: strategic entrepreneurship versus acquisitions
- 9 The misunderstood role of the middle manager in driving successful growth programs
- 10 Organic growth through internal corporate ventures
- 11 Linking customer management efforts to growth and profitability
- 12 Harnessing knowledge resources for increasing returns: scalable structuration at Infosys Technologies
- 13 Stay tuned: knowledge brokering via inter-firm collaboration in satellite radio
- 14 New directions for the study of organizational growth
- Index
- References
Summary
Benjamin franklin once said: “Drive thy business or it will drive thee.” This statement is true for any business in any industry and it is vital to understanding the concept of business growth. No business wants to go stale or get into a rut. Executives want to continually drive business growth, optimize profits, and ultimately be the best.
Webster's Dictionary defines growth as “an increase in size, number, value or strength.” The next entry, for a growth company, is: “a company whose rate of growth markedly exceeds that of the average in its field or the overall rate of economic growth.” Many believe that growth at large companies is difficult and more often than not these organizations “hit the growth wall” or become victims of their own size. While some companies do meet such a demise, Siemens Medical Solutions (MED) has been able to transform its business strategy, processes, and culture to overcome financial and industry downturns and drive sustained profitable growth (Knowledge@Emory, 2003).
Company background
MED is part of the global electronics leader, Siemens AG, which ranks first among the world's electronics and electrical equipment companies, with €74 billion in sales and more than 425,000 employees.
MED has a long history in the healthcare industry that dates back to 1877 when Erwin Mortiz Reiniger started manufacturing medical devices at the company's headquarters in Erlangen, Germany.
- Type
- Chapter
- Information
- The Search for Organic Growth , pp. 17 - 34Publisher: Cambridge University PressPrint publication year: 2006