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2- Read the article and write your own “synopsis” by answering the following questions:

  • What is the vision for the future of the industrial internet (Internet of Things/Industry 4.0)? What new business models does it support? What changes is it leading to in your businesses?
  • Does it make sense for Siemens to pursue the “Digitalization” initiative as part of Vision 2020? (consider the strategy and competitive advantage)
  • How do you evaluate Siemens approach to digitalization? Is it likely to be more or less effective than the comparable effort at GE?
  • More generally, and given you experiences, when do corporate level initiatives like this work? Not work? When is it appropriate for a company to launch a “corporate initiative?”

3- You will be graded for the following:

  • Length: Your report should be at least 2 pages in length without the cover page.
  • Formatting: cover page, page format, font, etc.
  • Reporting style: introduction, one body paragraph for each answer to each question, and conclusion
  • References: if you have any
 
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