Managing Complexity: The Case of Siemens

Kai-Ingo Voigt, Oana Buliga and Kathrin Michl
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Kai-Ingo Voigt: Friedrich-Alexander University Erlangen-Nürnberg
Oana Buliga: Friedrich-Alexander University Erlangen-Nürnberg
Kathrin Michl: Friedrich-Alexander University Erlangen-Nürnberg

Chapter 16 in Business Model Pioneers, 2017, pp 199-212 from Springer

Abstract: Abstract Werner von Siemens revolutionized the communication medium of the nineteenth century, and astonished Europe by making communication at an unprecedented speed possible. In his home country, Germany, his company became well renowned due to its successful completion of a telegraph line between Berlin and Frankfurt on the Main in 1849. In comparison to earlier inventors active in the field of telegraphy, Werner von Siemens managed to establish a company based on complex international projects in the modern sense. For this reason, Siemens & Halske, later Siemens AG, is viewed as a business model pioneer in international project business. As will be discussed next, on the one hand, Siemens & Halske benefited from favorable economic and political circumstances; on the other hand, it actively co-created a period of revolutionary changes, through its product innovations and their substantial social and economic implications.

Keywords: Business Model; Building Technology; Modern Sense; Submarine Cable; Project Business (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-38845-8_16

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DOI: 10.1007/978-3-319-38845-8_16

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