SIEMENS AG in Motor Management Solutions

Siemens has adopted a self-devised strategy titled Vision 2020 to strengthen its core business and improve operational efficiency and performance. The goals put forth by the Vision 2020 strategy include cost reduction by USD 1.11 billion (Euro 1 billion) and increase in the return on capital employed to 20% by 2020. The company is also planning to increase its focus on the automation, electrification, and digitalization segments, which are considered key business drivers. Source: Company Website and MarketsandMarkets Analysis