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- IBM - International Business Management (35) (remove)
This thesis paper aimed to compare the marketing of wine in Germany and France. Though Germany and France are neighboring European countries, they are culturally, politically, socially, economically, geographically, and technologically different. These differences, directly and indirectly, affect the way both countries do business.
Three research questions helped to compare wine marketing in Germany and France. These questions are the following:
Factors that go into the wine production as well as certain indicators or characteristics inform the potential customers about the quality of the wine they have in their glasses. That is why the first question in this thesis focused on how the quality of wine is defined in Germany and France.
Wine Associations at different layers: regional, national, European, and international play an important role in wine promotion. So, the second re-search question was to investigate the contribution of these different wine co-operatives in wine marketing.
To market their wine, many countries put in place different marketing strategies to increase their wine image and customer base. That is why the Last part of this paper was to compare the different marketing strategies used in the wine sector in Germany and France.
This thesis ended up with a conclusion.
Global collaborations are becoming increasingly relevant in product projects. Therefore it is necessary to understand the different project management approaches on how global projects are carried out and what the differences are.
This bachelor thesis is a review of two project management manuals, which were designed by the company itself, on how project management at an internationally operating commercial vehicle manufacturer works with the focus being on time and risk management.
The aim of this thesis is to give recommended actions which improve the project steering, collaboration and the general approach in regards of time and risk management.
To achieve this goal a review of both project management manuals as well as expert interviews were carried out. Qualitative expert interviews were conducted with German- and English-speaking colleagues from different plant locations all around the world. Specifically, 12 questions included background knowledge and project work knowledge and were related to the two manuals, with the focus being on time and risk. The interviewees were required to be actively involved in at least one project and therefore have project work experience and thus are using one of the own project management manuals.
The answers of the interviews, as well as the current manuals contribute to the findings and based on the findings, it is recommended to create an example project for training purposes, to create a list of projects in order to divide the work, to use sprints or detailed planning, to focus on five top risks, to create a social intranet page dedicated to project management and to create a clear meeting plan in advance.
This paper analyses five different Cryptocurrencies, namely Bitcoin, Ethereum, XRP, Dogecoin and Litecoin, and studies their impact on traditional financial portfolios under different allocation strategies. The allocation strategies under consideration in this paper are the modern portfolio theory according to Markowitz, an extension of it such as the tangency portfolio, and the equally weighted portfolio. Further, this study explores the effect on the efficient frontier when Cryptocurrencies are added to the efficient portfolios. In addition to that, the paper aims to examine whether the mean – variance portfolio optimization according to Markowitz outperforms the naïve and tangency portfolio strategy. The portfolio performance is evaluated based on the Sharpe ratio. The quantitative analysis of this paper covers the time period from 2017 to 2022, in total five years. In accordance with the existing literature on portfolio optimization with Cryptocurrencies, the study reveals that besides some issues related with Cryptocurrencies such as cybercrime and a lack of regulations, Cryptocurrencies can be beneficial for portfolio diversification with traditional financial assets. Referring to the portfolio strategies, the study highlights that the optimal mean – variance portfolio and tangency portfolio do not differ significantly in terms of Sharpe ratio. However, both strategies outperform equally weighted portfolios.
The following study examines the influence selected variables have on the price of the cryptocurrency Bitcoin by utilizing a multiple linear regression model. Data of 267 observations for each variable during a five-year period from 13 August 2016 to 1 October 2021 are analyzed. The results present empirical evidence on the relationship of Bitcoin and external determinants such as traditional financial assets, in particular the stock market, the bond market, domestic currencies, the real estate market, gold, and the popularity of Bitcoin, represented by a Google Trends analysis. The findings imply that only the stock market and the real estate market proxies significantly influence the price of the cryptocurrency Bitcoin.
The paper tests the German stock market for excess volatility and stock price overvaluation with regard to the simple efficient markets model and the cyclically adjusted price-earnings ratio. Long-term historical stock market data of 49 years are used to calculate the detrended real price and ex-post value and data of 39 years to compute the cyclically adjusted price-earnings ratio, both from the sample of two German automotive stocks. The empirical evidence provided by the analysis points to excess market volatility and confirms the theory of overvalued stocks, which is linked to the bubble theory. This indicates that price fluctuations cannot be justified only by changes in fundamental values as claimed by the Efficient Market Hypothesis. The German stock market therefore shows inefficiency.
Artificial Intelligence is becoming an increasingly important part of everyday life and is considered a matter of course by many people. Since it can be assumed that artificial intelligence will play an increasingly central role in business in the future, this paper aims to investigate the intersection between AI and Digital Sales Technologies through a systematic literature review. This thesis identified 32 relevant articles through an extensive literature search in the databases Web of Science, ScienceDirect, and SpringerLink. Through the detailed analysis of these 32 articles, the following four topic clusters could be identified: “Application Layer, Social Layer, Challenges, and Futuristic Layer”. Based on these layers, the developed research questions were answered successfully, and the following conclusions were drawn: AI is already being used in Digital Sales Technologies in numerous ways, for instance through voice assistants like Alexa. In addition, various changes for consumers and salespeople were identified, that accompany the adoption of AI in Digital Sales Technologies. Furthermore, this thesis provides an answer to which challenges this integration brings and how AI will influence Digital Sales Technologies in the future. Finally, research gaps for future research are identified based on the collected findings from the literature review.
By researching the influence of heuristics and biases on investment decisions and performance of investors in the exchange, this paper contributes to the field of behavioral finance. The paper adopts a generalized perspective on investors and markets in the exchange and provides insights into investors’ decision-making behavior that challenge the traditional assumption of perfectly rational market agents. Thus, it presents statistically significant evidence that investors may not resemble the concept of perfect rationality, as they use heuristics and comply with the prospect theory in investment decisions. Therefore, these decisions are shaped by systematic errors known as biases. The paper’s focus comprises the heuristics of availability, representativeness and anchoring and adjustment as well as the prospect theory. These psychological concepts are investigated for their impact on investment decisions and for subsequent effects on investors’ performances. The investment performance, for this purpose, is measured by investors’ returns. In addition, these psychological elements are studied comparatively to detect interrelations between them and to identify differences in the magnitude with which they influence investment decisions of distinct groups of investors. The paper involves an analysis of quantitative primary data collected by an international survey. Thus, a sample of 297 investors with different characteristics is analyzed. Although the study reveals that investors in the exchange behave according to the considered psychological elements in their investment decisions without differences between groups, it does not show that this entails performance-inhibiting consequences. However, a negative relationship between the investors’ age and their compliance with these elements is found.
This thesis addresses the relationship between sustainability action and firm competitiveness. Through the analysis of literature and by conducting a survey on consumer demands and preferences, the question whether sustainability action can help companies in the consumer electronics sector gain a competitive advantage is answered.
This thesis comes to the conclusion, that sustainability action can yield many advantages for companies, when executed properly. In general, companies with a strong sustainability performance reduce their production cost, have easier access to capital and labor, show financial and stock performance on the same level or higher than less sustainable companies, reduce stakeholder risk and gain consumer goodwill which can materialize into a competitive advantage. Regarding the consumer electronics sector,
this thesis shows that most consumers would prefer more sustainable products over less sustainable ones and would be willing to pay a price premium. What seems to be a big issue in the consumer electronics market is, that even though companies like Apple already act on the issue of sustainability, they are either doing a bad job or having a hard
time communicating their sustainability initiatives to consumers.
Abstract
The large-scale impact of the climate change on all regions and industries of the world underlines the need for action in the logistics sector. Despite literature in this field has matured fast since the last 5 years, it neglects the consideration of digital tools or measures to introduce sustainability in the sector. Consequently, precise recommendations on how to manage digital disruptions in order to reach sustainability goals in Logistics are lacking.
The objective of this thesis is to develop those recommendations and to facilitate their implementation for practitioners in the truck container transportation sector. To do so, the impact as well as the evolution of digitalization must be determined. Besides, factors for managing digital change successfully and measuring their impact in this sector shall be ascertained. Finally, a holistic framework to support the implementation process for becoming more sustainable by using digitalization should be presented.
A single-case study at the Logistics Start-Up “driveMybox” intends to fill the identified gap in knowledge. Particularly, it is studied how the organization manages to use digital tools to offer CO2-neutral truck container transports on their platform. Thereby, the different approaches are being looked at. Besides, data is gathered through qualitative interviews and other internal documents.
The first outcome of the thesis is an overview that illustrates the role of digitalization in Logistics. It increases the awareness of the digital impact and helps practitioners to take useful actions. Furthermore, a clear set of success factors to forward sustainability in the transportation sector was developed. Finally, a holistic result depicts which steps can lead to a more sustainable transportation process. Summarising, the thesis contributes to extant literature by combining digitalization with approaches to sustainability. The given recommendations consider the particularities of Start-Ups and support practitioners in this field with valuable guidelines and a holistic framework.
The goal of the following paper is to examine if Corporate Architecture can be used as a tool for Employer Branding, as both concepts gained of importance over the last years, due to the war for talents. Therefore, specific aspects of each of the theories are focused on. The focus of Corporate Architecture lies on the interior design of offices, specifically in combination with the color association theory. This theory states, that colors are associated with specific values, things or emotions. The focus of Employer Branding is set on the values of cohesion and agility, as those are key characteristics of innovative teams and organizations.