Peter Löscher, former CEO of the Siemens Corporation, helped the company out of a precarious situation. Using his transformational leadership, his unique qualities of intelligence, knowledge, competence, self-confidence, integrity and maturity, and his legitimate and experienced power, he helped pull Siemens out of a deep hole of legal trouble it would not have been in. could survive without his help. . With his cross-cultural leadership style, Löscher was able to motivate and influence the variety of employees who worked for him to bring Siemens to a better position in the business world. Despite this help and the great qualities he possesses, Löscher was CEO of Siemens for 6 years. When joining Siemens Peter Loscher faced many challenges, mainly the corruption scandal. Many wondered how he would revive the company. Loscher went back to basics, transforming a tall organizational structure into a flat one to ensure better control of the organization and make efficient decisions through more effective communication. Depending on his cross-cultural leadership style, which means he possesses the ability to motivate and influence members of different cultural groups in achieving the desired result. The first thing he did was ask for 100 days before making any decisions. Loscher was quoted as saying, “When in business the basic principle is trust.” That's exactly what Loscher did during his first 100 days as CEO. He spent his time learning about the company and interacting with the people. He was evaluating the need for a change. Traveling around the world, from China to India, from Japan, to Brazil, to the United States, he engaged in a routine meeting with clients for breakfast, politicians, high-potential Siemens employees for lunch... amidst the paper... .ng finding solutions to problems together.” This does not mean that Siemens will stand by if Russia violates international treaties. Siemens is also involved in building offshore wind turbine plants on the east coast of England, as Britain rapidly expands into wind energy. Siemens is investing around $264 million in manufacturing and installation facilities due to promising prospects for Britain's government-backed offshore energy market. Once again the company is going in the right direction. Works Cited http://www.nytimes.com/2011/07/31/business/siemens-ceo-on-building-trust-and-teamwork.html?pagewanted=all&_r=0http ://usatoday30.usatoday.com/ money/companies/management/advice/2010-02-14-siemens-CEO-advice_N.htmhttps://knowledge.wharton.upenn.edu/article/siemens-ceo-peter-loscher -a-company-is-good- just-like-its-values/
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