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Football is unambiguously the national sport in Germany. No other sport attracts more people and has the power to connect more people of different ages, nationality or status. In football everyone is equal at least for 90 minutes. Having one favourite football club means having an emotional connection to it with celebrating the wins and suffering when the team loses. The German Bundesliga in particular is a magnet for fans coming into the stadium.
It is not a mystery that us humans want what is not necessarily good for us. The fundamental desire, want and even need for foods high in fat, salt and sugar is embedded deep within us. It is part of our evolutionary biology, that we crave these unhealthy substances, due to their original scarcity, and our physical need for them in order to survive.
Since ever humans strive for recognition and success. That could be put down to the fact that centuries in the past the rule of the survival of the fittest was valid. According to Darwinians the fittest person is therefore more successful in surviving than the other ones. This rule is still in the head of humans. For instance, the competition between women regarding beauty can be seen as its legacy. It is almost a certainty that more beautiful women are more successful than not that beautiful ones. Humans do always try to be better than others to gain prestige and recognition.
Also the American psychologist Abraham Maslow illustrated this in the “Maslow’s hierarchy of needs”. It says that humans have different kind of needs like basic needs, psychological needs and self-fulfillment needs. Within the psychological needs Maslow defined the Self-Esteem needs which include the need for prestige and the feeling of accomplishment. Driven by those needs, humans compare with each other.
The Revive Turbo Cleaner is a cleaning fluid which removes carbon deposits from inside petrol or diesel engine systems. It is distributed internationally through wholesalers and sales agents to workshops and private car owners. After the acquisition of Revive Automotive Solutions Ltd by Bartec Auto ID Ltd in summer 2016, the new owners decided to further develop the brand and to move into the promising German automotive aftermarket, as the Cleaner had shown good sales figures in the home market UK and in a number of international markets. This paper examines environmental factors influencing the German marketplace, analyses Revive’s actual customer segments including consumers and business clients, provides profiles of its competitors and substituting technologies, regards the characteristics of the specific industry and defines the product’s qualities in order to draw a conclusion on the appropriate Marketing Mix to employ for the German market. In advance to the analytical work, the paper critically considers the range of theoretical frameworks used for the analysis, namely PESTEL, Porter’s Five Forces Analysis, the SWOT Analysis and the Marketing Mix in order to define and update original concepts as wells as adapt them to the research requirements.
This thesis has the purpose to investigate the oil price as the global economic factor but also to examine its implications on the worldwide economy. Thereby the determinants of the oil price are investigated by tackling the oil price itself from three different perspectives – the supply and demand framework, the prevailing world oil market structure as well as from the perspective of already statistically proven oil price determinants. In addition, the arising macroeconomic implications of oil price fluctuations on oil-importing and oil-exporting countries are examined. The investigation based on a thought experiment demonstrates the supply and demand framework to be unable to fully explain all past price changes. The examination on the prevailing market structure identifies the world oil market to be best described as a supply, pure, closed, partial and collusive form of an oligopoly. Analyzing the competitive behavior of the world oil market on three levels identifies non-OPEC producers’ competition to behave in a Cournot manner whereas among OPEC producers Saudi Arabia is identified to be a Stackelberg-follower with certain conditions while at the same time permanently bearing the ambition to become the Stackelberg-leader. The identification on the best describing oligopoly model for the overall industry is inconclusive. Investigating OPEC’s cartel hypothesis does not fully exclude its collusive behavior but denies the OPEC to be described as a prime example of a cartel. The examination of already existing econometric analyses identified a total of 13 determinants to play a key role in the oil price definition process. Investigating the arising macroeconomic implications of oil price fluctuations show oil price changes to be of great importance for the overall economic performance and is best described as a form of a positive of negative vicious circle in which the interconnected second or even third round effects intensify the implications on the macroeconomic activity.
Economic growth in China is slowing down and China will no longer be the manufacturer of the world and consumers become more sophisticated. Therefore Chinese companies have to change strategies. This thesis aims to provide a comprehensive analysis of the reasons for Chinese companies transitioning from equipment manufacturers to brand manufacturers, the phase of innovation in China, the internationalization of Chinese brands and accordingly the consumer behaviour. The change is fast and challenging and the Chinese companies have to overcome obstacles like culture, innovation and the country of origin effect. Chinese government is promoting innovation. The quality of Research & Development output lacks behind quantity and is often limited to technology improvements rather than basic research. Government is also pushing companies to go abroad. The biggest obstacle for Chinese consumer brands expanding internationally is the country of origin effect. To compete internationally and to be successful in the long run, Chinese companies have to deliver high product quality and use effective branding. After entering the market with low price products to gain market share, Chinese brands increase product quality and promote the consumer brand. By analyzing the smartphone market, this thesis evaluates the progress and sustainability of changing from low cost to high end manufacturing and branding.
The vegan trend has experienced continuous growth in recent years, influencing companies inside and outside of the market due to shifts in consumer behaviour. This thesis investigates the perceptible success factors for entry into the healthy vegan snacks market and delivers promising implementation strategies. To identify and understand the market situation, current food trends are identified and described and detailed insights into the terminology of healthy vegan snacks are given. Subsequently, qualitative interviews with established companies and dieticians are conducted to better understand current food trends and to determine the most relevant success factors. Based on the findings, the author provides concrete strategy recommendations for established companies and newcomers in the market segment. The findings of the study show that the healthy vegan snacks market is very attractive and therefore offers several strategic options for successful market entry. However, newcomers have to face several challenges that should be considered and ideally overcome when planning market entry. Most successful entrepreneurs truly identify with their products and represent the customer groups themselves, enabling them to optimally understand and apply customer needs.
The paper focuses on the complexity of effective cross-cultural communication and trust building (chapter 2). In chapter 2.1 the cultural and medial impact on communication is discussed. Different tools, their capability of transferring a message and culturally-based preferences are examined. In chapter 2.2 the paper continues with analyzing the importance of trust. High-Trust and Low-Trust Teams are analyzed, outlining the differences that lead to success. Furthermore, cultural implications on the trust behavior and relationship building capabilities are described. The theoretical part of the thesis concludes with chapter 2.3 by connecting effective cross-cultural communication and trust building, pointing out their interdependence.
The second part of the paper is based on the theoretical part one of the thesis. After introducing a focus group in chapter 3.1 from a German automotive company where team members are based across Europe, the virtuality of this HR team is analyzed. In order to derive best practices from the team, structured interviews are carried out in chapter 3.2. The online survey and the subsequent expert interviews with each of the 11 team members analyze their communication and trust behavior. The findings from the survey point out commonalities and differences with what can be found in literature.
The paper concludes with chapter 4, highlighting the importance of the topic and the relevance for today’s companies. Working virtuality becomes increasingly important and, therefore, understanding the communication and trust behavior in a VT is essential for both management and each member in the team. Ensuring accessibility of various tools, encouraging the members to share best practices and provide the team with cultural training, not only to raise awareness but also to strengthen the ties, is highly relevant in making a difference in today’s global and ever changing economy.
The department Tachographs, Telematis and Sevices belongs to the Business Unit Commercial vehicles and after market. CVAM is part of the Interior division from Continental and belongs to the Automotive Group.
In this thesis a PEST analysis looks at the factors that influence the fleet management market. Furthermore a SWOT analysis to explore internal and external factors influencing the telematic services at continental. In the theory part an overview is given, about the best already proven methods and measures to implement in finding the customer needs implement them in an early stage of the development process.
Possible solutions were found by conducting interviews with the sales force and development team inside of the company to get their feedbacks and ideas.
Purpose: The goal of this paper is to develop a technology acceptance model for digital anamnesis and explore the factors that influence individual adoption behavior.
Methods: Through a literature review we identified important factors that influence acceptance. We then conduct an empirical study among patients with 115 respondents. Subsequently, we test the model using partial least squares path modelling.
Results: We found that performance expectancy, social influence, and trust are the most have significant influence on behavioral intention. A group comparison reveals significant differences between young and old patients. The model explained 57.5 % of the variance of behavioral intention.
Conclusions: This study helps us understand the key determinants of patient acceptance behavior, and enables us to give advice to businesses in the early stages of development.
Due to fierce competition in the recent decades, focus on customer service is becoming increasingly important in all industries including grocery retail. The purpose of this study is to discover the different services offered by grocery stores in Egypt and Germany, to examine the reasons behind offering different services in the different countries and to learn the effect of the same services being offered in different countries.
The data was collected by conducting an online survey and then analyzed with reference to available literature. Findings and conclusions are presented in the form of lessons learned and suggestions for grocery stores in both countries to improve their consumer’s future shopping experience.
In an ever smaller and connected world, the need for instant access and communication is becoming more and more necessary. This is especially true in business, and no one understands this better than the people working at the Global Success Club. This is why they have decided to develop a mobile application specially catered to serve busy executives of innovative manufacturing companies, and help them find the right business partners for their next business venture or innovative collaboration. This thesis was written on the behalf of the Global Success Club to help them determine the optimal way to develop a mobile application that aims to connect innovative manufacturing companies in a global setting by looking at two research questions:
1. How to win B2B users/customers for a mobile application by focusing on smart user interface; and
2. Which method of marketing communication, direct marketing (emails & follow-up calls) or social media marketing, is more successful in winning over users in the internet affinitive US market.
This paper will accomplish its task by first looking over past research done by authors and researchers about how mobile applications are changing the way of the world and the way we communicate. The paper will also explore why businesses are now deciding to adopt new technologies to help them with business processes that were traditionally done offline. In order to answer the questions posed by this thesis, research was conducted on previous studies and what they have suggested pertaining to the research questions. Based on the research, hypotheses were made and those ideas implemented into the final plans by the company for the design and marketing communication strategy. Conclusions were made about the most effective user interface designs based on the hypotheses, and a study will be carried out at a later to judge their effectiveness. A study on the marketing strategy taken by the company was able to show that a more direct marketing message is optimal to win users and would be more effective if combined with wide spread and cost-effective online marketing.
This bachelor thesis is designed to develop a segmented sales approach using the target costing method. Herby it is important to note that this thesis is a practical one, on behalf of a German high-tech company. The assignment was to create feasible action points, which will later assist during the company's sales approach improvements.
The theoretical part of this thesis deals with the basics of product segmentation, process analysis and sales channel analysis. Afterwards, the theoretical background for the sales cost analysis, target costing method and sales scenarios is elaborated. The aim was to define major elements later applied in this thesis.
The second part of this thesis applies the theoretical knowledge established in the first chapter to the situation at the company. The results of the project show an importance to focus on one specific product, due to a high level of competition. Currently, the sales scenario consists of the direct and the indirect sales channel. As a consequence, sales costs are very high. The third chapter gives recommendations for each chapter. Results show the need for simplicity and less reporting as well as one maintained document archive system. The third part shows the importance of establishing an online channel. Furthermore, it is advised to establish one strategy for the sales channels and to communicate this to coordinate different sales channels effectively. The fourth and fifth parts deal with the sales cost and target costing recommendations, highlighting marketing and HR costs as the main cost driver. One solution to reduce the sales cost is to establish the online channel, saving travel costs and to reevaluate marketing activities. That way, the target of limiting the sales cost to 15% of the revenue could be met.
The aim of this piece of work is to elaborate a conceptual approach for supporting market development in Asia Pacific. It includes the investigation of relevant criteria for an objective analysis in terms of market attractiveness for eight markets. The first part of this research project describes the theoretical framework and concepts used in international market selection as well as international market development strategies. The second part of the study consists of defining relevant criteria in order to evaluate market attractiveness and competitive strength. In conjunction with this, the level of significance of each criterion is determined by the conception of an appropriate classification model. The results reveal that the levels of market attractiveness and competitive strength differ significantly in each market. Additionally, the country with the highest score in market attractiveness and competitive strength is being investigated in further depth with the aim to understand the market dynamics. The study then concentrates on determining strategic objectives and key performance indicators in order to improve the corporate’s strategy. Finally, research findings are discussed critically and several recommendations are formulated. To conclude the study, a conclusion is made followed by limitations and recommendations for further analysis.
This research paper is about Mobile Banking. Mobile banking is rapidly growing in emerging countries as compared to emerged countries. The research conducted here will help us to understand as to why mobile banking is so successful in emerging countries and the factors that contribute to its success, the regulations behind it and to see if the Technology Acceptance Mobile (TAM) theory can be proved or linked to the success of mobile banking in the countries used for analysis. The analysis was conducted using a qualitative research method of document analysis
Already having surpassed the previous generation in terms of size of the workforce, Millennials have received extensive attention in media and literature. As critical as this generation might be portrayed in media and sometimes also academic literature, the reality and underlying message of it all is that this generation is rapidly entering the workforce with high expectations, implications are made and companies need to react and adapt accordingly. For a company like thyssenkrupp Presta North America, consisting mainly of employees with an engineering background and seeking for these in a highly competitive job market, understanding this generation, specifically the Millennial Engineers, in order to successfully recruit and retain candidates is imperative for successfully operating in the future. Being natives to information technology, highly motivated, ambitious and determined, Millennials have the potential to have an extremely positive impact on the success of businesses. Reported high self-esteem and narcissistic characteristics make this generation require extensive adaptation and adjustment. Change in the engineering role is happening towards a more dynamic workplace. A modern engineer works in a team environment and interfaces with many different stakeholders. With this development in recent years away from the very traditional role of an engineer, the importance of social and soft skills greatly increased. In order to facilitate this, the processes of organizational socialization play a major role and are an opportunity for employers to influence and shape the adjustment. A well-structured process facilitates adjustment and positive long term outcomes. The question was raised, whether the high expectations of Millennial engineering graduates before their first job reported in literature will change once the work life has been entered. Through a series of qualitative interviews with Millennial engineers at thyssenkrupp Presta North America, the high expectations reported previously were not found. The main objective for the employees surveyed was to simply get started in the work life. In regards to change of expectations, however, much greater emphasis on career progression and training and development possibilities was placed.
As the fourth most populous countries in the world, Indonesia likely has many workforce from various age groups. The latest government demographic survey showed that there are many Indonesians who are in their productive ages. However, some employers have similar perspectives that many potential workers in Indonesia still lack employability.
This thesis attempts to discuss about Indonesians’ lack of employability based on the analysis of cultural background and education. Many researches show that education and cultural values might affect the employability. Therefore, there will be some further analysis on how exactly Indonesia’s culture and education system directly affect the Indonesians’ employability.
Some parts of this thesis also discuss the Tionghoa ethnic group in Indonesia. The discussion is to learn some lessons from the said ethnic group, since many Tionghoa tend to be successful businessmen in Indonesia, despite being minority ethnic group who receive so many discriminations from other Indonesia’s ethnic groups.
As a part of empirical evidence, there was a survey conducted to prove the arguments in this thesis. Six initial hypothesizes about ethnic groups’ perspectives of Indonesia’s education and employability, which formulated the survey’s questionnaires, are proven to be true. That means, it is safe to assume that the theories provided in this thesis were also proven to be accurate. Unfortunately, the reliability of the survey is pretty low, most likely due to the small number of participants and small number of the questions.
Admittedly, Indonesia’s education system and culture still need some developments to improve the employability of its citizens. Therefore, the last part of this thesis tries to give some possible recommendations that might help the Indonesians refining their employability and competitive advantages against the foreign workforce.
Country risk affects cross-border investments significantly. Therefore, this paper aims to understand the concept of country risk and the available country risk assessments (models), by comparing and evaluating them. Secondly, the effectiveness of these assessments in predicting an economic downturn will be analysed. Lastly, this paper investigates the determinants behind the country risk models, using country credit ratings as a proxy.
The effectiveness analysis is based on the comparison of the credit ratings with the respective real GDP growth of Malaysia, Mexico, Japan and Portugal in a case study approach. Thereafter, Spearman’s rank order correlation coefficient analysis will be performed to investigate the determinants of the country risk models.
Results from the case study approach show that country risk assessments generally could not predict an impending economic slowdown. In addition, the correlation coefficient analysis illustrates that some variables have in general weak correlations to the credit ratings. For instance, the real GDP growth has mostly weak relationships with the ratings and tends to be statistically insignificant. On the other hand, lending and deposit interest rates have relatively strong correlations to the credit ratings and are significant at 0.01 level for some of the ratings. In addition, Mexico and Japan have the tendency to produce opposite results with the same set of indicators.
Even though investors should not rely on these country risk assessments to forecast a major crisis, the models could act as the basis of risk management. This is because these assessments do provide investors with some useful information.
The B. Braun Aesculap AG division “Degenerative Spinal Disorders” will be launching a new Spinal System mid 2017. A Spinal System is a combination of implants and instruments used to treat spinal disorders caused by deformity, tumors, trauma or via degenerative conditions.
The current industry standard is that manufacturers sell the implants necessary for these surgeries in non-sterile packs, which require sterilization by the client organizations. This is different in other orthopedic sectors such as hip or knee, where the use of sterile packed implants is the industry benchmark. As this is not the standard case for spinal surgery so far, all processes within the majority of client organizations are accustomed to using non-sterile packed spinal implants in their operating room processes and logistics.
The new Spinal System, being offered by Aesculap AG in the near future, is challenging this status quo, as it will be offering a system solution in which the implants will be sold in sterile packaging.
This new business model entails changes in the processes within the manufacturing and client organization. These changes need to be implemented and communicated correctly.
In this thesis both business models based on sterile and non-sterile packed implants and their respective processes are compared. Strategic and operative relevant aspects are analyzed to define strategic criteria necessary to appropriately implement and communicate the new system.
Ethnic Marketing Using Confectionery for Consumers of Turkish Origin Under the Age of 45 in Germany
(2017)
This bachelor thesis presents marketing strategies for the targeted address of consumers of Turkish origin between the age of 15 to under 45 by confectionery manufacturers in Germany. Both primary and secondary data are consulted to fulfill the objective of the thesis. This contribution combines the marketing instruments of ethnic marketing, the target group specifics and the product modification options for confectionery with the findings of an empirical study conducted by the author to examine the group’s consumer behavior for confectionery, to deliver an adjusted marketing mix for the forenamed target audience. This thesis determines the target group’s considerable potential for confectionery companies in Germany by confirming the group’s effectiveness for market segmentation through specific tests of Pires and Stanton (2005) and suitability for efficient ethnic marketing through the analysis method of Gerpott and Bicak (2015).
With the help of the culture-boundedness theory, the limited compliance of currently proffered confectionery items with the culture of the target group is evidenced, and solid product modification options are presented for the application by confectionery manufacturers in Germany. The findings of the previously mentioned empirical study reveal the high demand for special “Turkish” product variants and provide a broad range of valuable insights for an efficient implementation of strategies regarding the product, price, distribution, and promotion policy of confectionery companies in Germany.
The topic of simplicity has drastically increased in branding in recent years, as it allows companies to conquer a competitive world dominated by growth and complexity. There are studies explaining the benefits and power of simplicity in business in general. Nevertheless, simplicity is a field that has not been explored extensively for single industries.
The bachelor thesis attempts to investigate the critical importance and power of simplicity in the customer journey of the car rental business and to provide an overview of possible improvements for the customer experience on the example of car rental company Hertz. Secondary data adopted from academic books, academic journals, study reports and press articles are used to develop a comprehensive analysis and a theoretical framework on the topic of customer experience, customer loyalty in connection with simplicity. The car rental company Hertz and its customer journey are being investigated through the lens of simplicity. Qualitative and quantitative research is adapted to cover insufficient information on Hertz and to uncover the pain points in Hertz’s customer journey. An expert interview with a Hertz executive is conducted to gather first-hand insights on Hertz's viewpoint of simplification and to what extent the company aims to use simplicity as a tool for its customer journey. A succeeding customer survey is executed to gain a better understanding of Hertz customers' perceptions and towards Hertz and to collect a broader picture of Hertz's customer journey. The conclusion drawn is used to derive possible simplification enhancements for Hertz in order to achieve various desired business results. A critical assessment for future research on the topic and limiting conditions are discussed in the conclusion.
The purpose of the following bachelor thesis is to provide a strategic marketing concept for PTC’s Augmented Reality software in the life science industry.
The first part deals with an introduction into the underlying process of strategic marketing planning.
The thesis then investigates the internal and external environment from a PTC perspective to draw conclusions on sources of competitive advantage. The market for Augmented Reality software is analyzed and provides a profound picture regarding industry structure and size. The life science industry is then narrowed down through segmentation and targeting based on potential buyer personas. Product positioning is followed by the definition of marketing objectives and key performance indicators to measure the success of the developed marketing actions according to the technology adoption lifecycle.
Research was gathered from secondary sources like industry analyst and technology reports, complemented with thoughts of potential target customers and experts.
To conclude, the thesis argues that the life science industry disposes of a high potential for Augmented Reality use cases with a strong ability to address industry trends. Combined with the attractiveness of a fast growing Augmented Reality software market and strong internal competencies, PTC seems to be in a favorable position for successful market entry. However, results also suggest that a high degree of industry adaptation is required for a better addressability of customer requirements and to gain trust among target customers.
The subject of this bachelor thesis is a review of literature concerning the development of methods for the improved estimation and management of employee relocation costs. According to the reviewed literature, the problems of developing a uniform method are determined including the lack of standard practices, guessing costs rather than estimating them, the lack of metrics for both costs and benefits and the difficulty of collecting all relevant data. Moreover the approaches of creating a uniform process, the expatriate return on investment as the most important one, are discussed.
As a result, this thesis presents recommendations for establishing an improved employee relocation cost management.
Internationally standardized POS layout considering success factors - the example of Würth Group
(2017)
This work is part of the project “International expansion – Standards”. The overall objective of this thesis is to develop an internationally standardized POS layout which ensures a uniform international appearance. The situation in Germany as the headquarters and development center and the surrounding countries Austria, Switzerland and France has been taken into consideration. An analysis of the current layouts regarding shelving system, arrangement of the product groups, guidance system and design factors has been carried out in selected pick-up shops in these countries. In addition, a customer survey has been conducted whereby orientation, overview and legibility of the store have been focal points. As a third analysis the assortments of the respective countries have been analyzed and compared. It was found that some areas at the POS vary from country to country. Major differences exist in the assortments of Germany, Austria, Switzerland and France. Among the areas of arrangement of the shelves and product groups, size of the sales area, guidance system and coloring scheme, differences have been revealed as well. Taking into consideration the differences and similarities in the layouts and assortment optimization possibilities have been worked out. As a result an ideal layout has been developed on the basis of the conducted analyses. The layout itself can be implemented cross-nationally. Due to limitations in the analysis of the assortment, it must be analyzed in more detail in order to implement it for the new shop concept. However, a cross-national uniform appearance can only be reached if in addition to the new stores all existing pick-up shops are adapted to the ideal layout.
The objective of this thesis is to examine the recent rollout of Commercial Excellence, a sales-process standardization and improvement project within the currently ongoing integration of TRW Automotive Holding Corporation into ZF Friedrichshafen AG. Focusing on change management and the challenges posed by resistance to change, the aim is to derive recommendations for action during future rollout phases. Based on leading theories regarding change management, expert interviews delivered mixed results. While it is indicated that resistance to change was only a minor issue throughout the rollout the careful analysis of the collected responses still offered the potential for improvements. Therefore the author was able to identify the inclusion of sales support functions into the project as a solution for resistance to change caused by restrictive data release policies. Additionally, it was found that the diversification of the communication mix as well as centrally offering individualized training programs can further facilitate future rollouts of Commercial Excellence.
Life cycle management of key products (franchises) offered by a company is one of its most strategically important tasks. As their overall ability to capture and use sales data improves, companies have been able to investigate and manage their franchises better than ever before.
This thesis explored the franchise management framework of Nike Inc., a global leader within the sporting goods retail industry. The thesis is divided into two parts. The first part explored the current franchise management framework of Nike and its effectiveness. The second part applies this framework to one of Nike’s biggest franchises and prime sources of revenue for the ‘Running’ category. ‘Nike Free’, the franchise in question, suffered a big decline in sales and surgical franchise management had to be applied in order to revive it. The results indicated that this framework delivered positive results and helped improve the performance of this franchise.
Fact based decision making, enabled by effective gathering and processing of sales data was used during this study. Overall, the goal of the thesis is to help understand and lay a foundation for effective franchise management for a sales organization.
Business-to-business services make up an increasing share of the total economy. Due to growing specialization companies are more and more outsourcing non-core services. The aim of this thesis is to examine the market trends, the competitive landscape and success factors for proving IT supply chain services.
IT supply chain services are service provisions that encompass the procurement of equipment, the staging and personalization, as well as the logistics of end-user devices. This thesis explores the business case of Computacenter, a European IT-service provider. Given the complexity of IT supply chain service provisions and the distinct characteristics of services, major contracts in this area are examined in order to derive good and best practices. Two research questions are addressed. The first one examines how Computacenter performs against major trends in the IT service market by reflecting customer demand and competitors’ strategies. The second research questions aims at identifying in which areas and how Computacenter could improve the delivery of its IT supply chain services.
The applied research methods include secondary data, such as competitors’ websites or industry reports, primary data like surveys or observation, as well as descriptive and comparative methods. The research is divided into three sections. First, the theoretical fundamentals of IT service management and the Service Supply Chain Management are outlined, focusing on reference models and methods used by the respective company. Second, the company itself and the market environment including competition and customer aspects are examined. Third, an empirical study conducted in the form of a survey on selected projects assesses Computacenter’s best practices. In the final part of this thesis practical recommendations are given including all investigated aspects.
Today’s business and work environment has become increasingly exposed to the pressure of globalization and the steadily growing degree of virtuality. This is demonstrated by the rising number of global virtual teams (GVT) playing a crucial role in many internationally oriented organizations, with an ongoing upward trend. The purpose of this thesis is to promote a better understanding of how employees can be trained to collaborate successfully in a GVT, and whether this is possible at all. In this context, the paper primarily focuses on the social dimensions influencing successful virtual collaboration. A mixed methods approach of primary and secondary data was used in this thesis. Apart from a literature review providing a theoretical foundation of concepts concerning the key issues of the study, the paper examines two different perspectives. On the one hand, expert interviews with two European training companies and an active seminar participation enabled greater insight into the employee training industry. The objective was to discover the key sources of problems in GVTs leading companies to rely on professional help. A particular focus was laid on examining how trainers master the difficult task of preparing employees for global virtual teamwork as well as to collect information about the provided training services. As the interviews revealed, communication problems among the virtual team members (VTMs) display the main reason for a team’s low performance or failure. Concrete recommendations for actions have been described as a basis for optimizing the collaboration and to strengthen the social ties within a GVT. On the other hand, the main practical part of this thesis focuses on a GVT of a multinational business consultancy. An online survey and individual interviews with the team members have been conducted aiming at answering the following research questions: On the basis of which skills do present members of a GVT define successful virtual collaboration? How is the need for training services in general assessed? In addition, the empirical study examined the social dimensions among the VTMs and the team’s current work situation. On the basis of these insights, the team’s current need for training services has been analyzed and specific recommendations for actions have been proposed.
The aim of this thesis is to elaborate and evaluate the current employer branding concept at a subsidiary of a globally represented organization. This enables the author to draw conclusions and give improvement recommendations.
The first part is based on scientific literature and data. It outlines the concept of employer branding and shows which areas of a company are affected hereby. Next, it is explained why a successful employer branding concept can be advantageous for companies and how to communicate it. To conclude the first part, challenges that come with employer branding in a global company context are elaborated.
The following part of the thesis, is developed from internal data and information. It focuses on the current employer branding concept at the subsidiary. Moreover, it is revealed why an employer brand is necessary and which challenges and opportunities, for this concept, exist at that subsidiary. It is also reflected on the effects, set corporate guidelines and conditions, have on the local employer branding concept.
The last part, attempts to measure the success of the current employer branding concept at the subsidiary. This is conducted by assessing three different sources with regard to their influence and significance on the employer brand. At first, the company’s key performance indicators are evaluated. Secondly, results of two surveys, which were conducted for this thesis, are analyzed and interpreted. Both give insight on people’s expectations and experiences with employers: One survey investigated an external target group while the other questioned the employees at the subsidiary. As a third source, results of a recent internal survey, which evaluated the employee’s perspective on their workplace, are included and assessed.
To conclude the thesis, improvement suggestions on how to have a successful employer brand, according to demographic region, operating business sector and global context are given. The recommendations include content-related adjustments, proposals for the inclusion of corporate standards, ideas on how to raise the employer brand’s awareness and finally suggestions for improved communication of the local employer brand.
Most Western countries have very low percentages of women who study in science,
technology, engineering and mathematics (STEM) fields. These fields are of economic
importance as they are essential for innovation - the key to the creation of new products,
ideas and processes. Especially in developed countries, the STEM sector is one of the
largest growth factors. Having mainly men studying in STEM fields limits the available
talent and thus the quality of human resources; therefore, it is important that more
women study in STEM fields for more efficiency and increased economic development.
In contrast to Western countries, Muslim countries exhibit large numbers of women in
STEM majors. This thesis analyses different aspects of Muslim countries to determine
reasons for more women in these countries to study in STEM fields. The current study
is based on literature such as journal articles, textbooks and online sources. The
following factors are studied to answer the first research question: social reasons
(including religion, history, perception of women, wealth and social status, and
educational system), legal framework, technological reasons and economic reasons.
The findings indicate that a combination of aspects and circumstances leads to the large
numbers of women in Muslim countries in STEM majors. Among the analysed factors
the educational system and economic situation of Muslim countries seem to be the root
cause.
Furthermore, the current study analyses consequences of the high number of women in
STEM fields in Muslim countries in the labour market, to answer the following
questions: (1) Do educational opportunities lead to equal opportunities in the labour
market? (2) Is it respectable for women in Muslim countries to work? (This question
addresses factors such as Islam, tradition, a woman’s role as a mother, mixed-gender
workplaces, demography and legal restrictions) (3) In which sectors do women work?
(sectors and leadership positions) (4) What is the relation of female labour to the
economy? (impact of economic situation, economic landscape, globalisation, and
importance of female employment for the economy).
The result is that educational opportunities for women in Muslim countries do not
translate into equal chances in the labour market. Regarding STEM fields the
employment of women ranges from gender equality to nearly no opportunities at all,
depending on the country. The small numbers are most likely due to the lower position
of women in society, the generally less opportunities for women in the labour market
and women’s rights issues.
In a time, where supply increases and thus distinguishing oneself from the competition becomes increasingly important, different neuroscientific methods are being used in order to find out what consumers want, how they react to stimuli and how they make a decision. The purpose of this bachelor thesis is to find out how neuroscience can help understand what happens in the human brain, and how neuromarketing influences the consumer behaviour, answering the question whether the drugstore chain ‘dm-drogerie markt’ has the key to the brain of their consumers. By clarifying the neuroeconomic foundations like the structure of the human brain and the human senses, and by explaining the modern measuring techniques which are being used nowadays, the foundation is laid which is needed in order to be able to understand the insights of neuromarketing, its prospects and limitations, as well as Limbic®. By understanding the influence of emotions and motives with regard to decision making, the four ways into the brain of a consumer, as well as the prospects and limitations of neuromarketing, the relevance and importance of neuromarketing becomes clear. Taking a closer look at Limbic® (Limbic® map, emotional systems and the Limbic® types) offers theoretical support, which is being combined with the results obtained from an online survey as well as a store analysis, allowing a clear idea of why ‘dm-drogerie markt’ is this successful and to what extend neuromarketing plays a role with regards to the success. In the end the conclusion is being drawn that ‘dm-drogerie markt’ has the key to the brain of their customers, and that using neuromarketing elements is one of the major reasons for the success.
The Sharing Economy: Bartering, Lending, Renting or Swapping peer-to-peer is an increasing phenomenon in Consumer Behaviour. As a result of overconsumption in society the past few decades and the financial crisis in 2008, consumers’ awareness towards consumption shifted to a more sustainable use of resources to prevent rising CO2 emission, climate change, global warming, pollution of oceans, massive interventions in ecosystems and to support global fairness.
Even though this Collaborative Consumption is still in its infancy, the participation of caring consumers is still rising.
But how sustainable is this new way of consumption, if it is a new phenomenon at all?
By describing the Sharing Economy as a rising business model, its history and the four major drivers for its success the topicality and brisance of this fast-changing appearance get illustrated. The Transportation Technology portrays, how intense Sharing, Bartering, Lending or Selling influences the daily consumer behaviour in twenty-first century.
Mostly, this Thesis evaluates advantages and disadvantages of the Sharing Economy, and finally concludes if Collaborative Consumption is as sustainable as it is proclaimed by its supporters and how influentially and environmentally-sustainable collaborative consumption might be for the future.
The purpose of this thesis is to analyze and optimize accounts receivable management for the locations of the automotive supplier IMS Gear in the United States consisting of IMS Gear Holding Inc. and four subsidiaries. The tangible asset accounts receivable has a significant impact on profit and liquidity of a company and influences cash flow, working capital and customer relationships. An effective, transparent and comprehensive accounts receivable management is therefore crucial for the successful continuation of a company. In the course of this thesis the reader will be provided with definitions of all relevant terms and concepts, followed by theoretical knowledge about process management, including process analysis, problem diagnosis and process optimization. The differences in accounts receivable management between the United States and Germany as well as possibilities of measuring the effectiveness of accounts receivable management and goals of accounts receivable management are treated both practically and theoretically.
On the basis of internal benchmarking and a detailed process analysis, five fields for improvement were defined: creditworthiness, contract management, cash discount, dunning, and avoidance of bad debt. When optimizing a process, it is important to additionally consider all processes influencing the outcome of the concerned process. The optimization suggestions therefore do not only concern the finance and accounting area but rather affect a number of other departments in the company including sales, logistics and the business units. The reader will furthermore be provided with a discussion of suggestions to improve problems detected in the process analysis and internal benchmarking. A summary of the suggested improvements together with their probability of implementation is presented. Discussed suggestions include, among others, the consideration of country specific payment habits, the offer of cash discount for payment in advance and the introduction of the payment term “cash in advance”.
This thesis has proven that even if a process is functioning, optimization is still necessary in order to provide a more effective, reliable, and transparent process. Moreover, process optimization secures the future success and growth of a company and is therefore crucial in today’s fast changing business environment.
This bachelor thesis focusses on the elaboration of a list of requirements for external warehousing including IT services (installation, repair and disposal) in the direct proximity of key customers of Bechtle.
In order to consider all relevant aspects, five affiliates of Bechtle AG based in Germany have been taken into account. Different scientific approaches have been used for the current state analysis and the elaboration of the list of requirements. The product of this thesis is a decision template for Bechtle Logistik & Service GmbH Management whether the concept is to be developed further, or if the approach of a standardized concept contradicts the company’s character. In any case, the taken decision will have significant impact on the company’s strategy as it will send clear signals to all stakeholders. Under the consideration of all findings a recommendation for action is presented.
The Influence of Macroeconomic Indicators Towards Sovereign Credit Rating and Sovereign Bond Spread
(2017)
The main purpose of this thesis is to investigate and to identify the macroeconomic indicators, as the determinants that could impact the sovereign risk. The sovereign risk here is represented by sovereign credit rating and sovereign bond spread. The world economy nowadays has become more globalized. It is becoming essential for all stakeholders in the global economy to become aware of the economic and the financial situation of a country. Sovereign risk interestingly represents not only the economic and financial situation of a country, but also the ability of a country to meet its financial obligation. This indicator plays an important role in attracting capital inflow and investment in a country. By using panel-data
framework, the estimations were built and analyzed to investigate the impact and the influence of the macroeconomic indicators towards the sovereign risk. The sample data of the research consists of 9 macroeconomic indicators as the explanatory variables, each of them includes 50 countries and 10 years of time period. Two separate panel data estimations with fixed effects model were created for each of the dependent variable, sovereign credit rating and sovereign bond spread. The results indicated that central bank rate, government debt level, total government reserves and unemployment rate have significant effects on the sovereign credit rating. Moreover, the results also indicated that current account balance, GDP growth rate, government debt level and unemployment rate have significant influence on sovereign bond spread. As both estimation share 3 significant explanatory variables, this implies that they are closely related.
Analysis of the scrum implementation and establishment at Mercedes-Benz Cars 2020 Best Finance
(2017)
In an increasingly complex and dynamic world organizations must be able to be adaptive and act more flexible to remain competitive and sustainable. This also applies for the implementation of long-term projects which is the focus of this thesis. Project organizations increasingly tend towards agile process models (scrum) in project management as an alternative to traditional process models (waterfall) in order to increase the project efficiency through greater flexibility and transparency.
This bachelor thesis deals with an analysis of the scrum implementation and establishment in the project Best Finance at Mercedes-Benz Cars. After the theoretical foundations of the traditional process model are explained another part reviews the implementation of it in Best Finance. In this context, the challenges with this approach based on theory and experienced in Best Finance are identified to justify the transition to agile methods. Main object for the practical part constitutes a research concept to analyze and evaluate Best Finance based on scrum. The basis of the concept constitutes the generally valid project management success factors which are complemented by questions of the agile theory.
The interrogation with the representatives of Best Finance by means of quantitative and qualitative data collection serves as an information source for the research concept. The project management success factors are evaluated and analyzed. Main results show that the agile process model is still at the beginning regarding its operational application, though, the project organization of Best Finance made first positive experiences with this approach. However, the analysis also reveals that there is still potential for improvement regarding the project procedure based on scrum. The practical recommendations suggested at the end of the thesis aim at creating a better understanding of scrum and the promotion of the establishment in Best Finance.
Due to the increased complexity in advertising and branding, a shift towards a greater use of emotional branding can be observed. In this context music, especially sogos and jingles, are one of the main elements, which seem to allow organizations to reinforce the transmitted brand image towards the consumers. However, so far no guidelines have been developed, which musical components should be included in the jingle to transmit certain emotions and brand images. The following study examines the fit between 11 brand jingles and the corresponding television commercials and analyses how well the jingles represent the actual and targeted brand image. With the help of a quantitative online survey with 170 participants it could be shown that jingles are indeed powerful tools to transmit certain emotions and the connected brand images. Furthermore, several guidelines for the creation of jingles could be developed in order to create and implement these short and catchy tunes as an extension of the visual advertisement.
The promotion of Fruits and Vegetables (F&V) is challenging, especially in the past
centuries. The difficulties in branding or advertising arise from traits of the produce,
making it less presentable than manufactured products. Modern farming technologies
ensure better produce appearance, therefore, need to re-examine the possibilities of its
promotion. The technology changed, so had the dietary trend. In contrary to modernised
farming, F&V advertising that appeared to be a carry-on from the 40s had seemingly
dissociated itself from consumers. This paper collected results from empirical studies.
Most of the works, however, conducted experiments with manufactured products, might
not apply to fresh produce. Discussions on the relevance of the sources are, therefore,
necessary. This research identifies a lack of branding of fresh produce, which could be a
direct causal for inactive promotion. Further examinations suggest deeper market
segmentation, which helps the marketer to create a better advertisement. The research
also notices many researchers regard promoting nutritional value as equivalent to
effective advertising, which leads to higher consumption. Promoting nutritional value,
however, appears to be merely attractive to the certain consumer. In many cases, other
mechanisms, for instance, originality, health, fun and other emotional tags, could attract
more attentions.
The study attempts to analyze the short-term effects of merger and acquisition bids of German acquirers on the stock prices of two involved companies. On the announcement day, a statistically significant average abnormal return of 11.5% is found for the target firms compared to an insignificant negative abnormal return of -0.28% for bidding firms, and the synergistic gain for involved firms is 5.72% on average. The strategy of specialization or diversification shows strong evidence that it has a large impact on the short-term stock returns with specialization triggering stronger abnormal returns than diversification bids for bidding firms and substantially smaller price reaction for target firms. The outcome also suggests that higher target cash-to-market-value ratio leads to significantly lower abnormal returns for target firms during the announcement period.
The importance of lean management in indirect areas has drastically increased in recent years, as it allows companies to remain competitive. At Bosch Gasoline Systems, lean management has been practiced in indirect areas for some two years now, but the project team responsible still attempts to improve tools and processes wherever possible.
This bachelor’s thesis therefore provides an overview of the possible improvements that might be made to the Lean Management System (LMS) in order to facilitate its introduction in the Czech Republic, the Netherlands, the US, Japan and Korea.
After an extensive literature review, an “ideal” lean culture profile is developed, which is then compared to the cultural profiles of the countries of interest. The basis of the “ideal” lean culture profile is derived from the study of Liker (2014) and Zollondz (2013) where they present 14 lean principles and then the significance of these principles is analysed using Hofstede’s cultural model.
Thereafter, interviews are conducted with experts from the lean team as well as with locals from the various countries of interest in order to find out about the cultural differences between the countries of interest and Germany, as well as to find out about the applicability of the current version of the lean management system in these countries.
Since there are differences between the developed “ideal” lean culture profile and those of the other countries discussed in this thesis, these differences are then analysed. The conclusions drawn, which are also supported by statements from the interviewees, are used to derive countermeasures and possible ideas for facilitating the introduction of the LMS abroad.
In the conclusion, limitations and further research questions are discussed.
This research provides a comprehensive analysis on the relationship between reputation and brands image through a better understanding of the effect of corporate scandals on brand image. Secondary data taken from academic journals, academic books and press articles were used to develop this research. While some corporate scandals are the result of misbehaviour from inside the corporate, some are the result of external factors the corporate had nothing to do with and some are due to technological failures. However, irrespective from the source of the scandal, all types of scandals will change the consumer’s perception on the corporate’s brand. For example, a certain degree of brand distrust or brand hate might develop after the scandal. Nevertheless, a corporate can recover from any scandal through several appropriate strategies. While these strategies might differ in detail, they all must include addressing the public about the issues truthfully and adopting relevant corrective actions depending on the scandal’s type and scale. The main purpose of this thesis is to explore these concepts further in detail, to understand how a corporate can recover from a scandal and restore their pre-scandal brand position. Finally, a case study about Samsung’s recent exploding devices scandal will provide a current example on the topic. While this research will provide a summary on how will a scandal affect consumer’s perception and how could a corporate recover from a scandal, it is important to note that each scandal is unique and therefore will have unique effects on perception and will require a unique strategy to recover from it.
Outsourcing as a remedy to current challenges and profitability issues within the banking sector
(2017)
In addition to current market fluctuations, the Banking Sector continues to face emerging challenges such as low profitability, increasing cybercrime, more regulations to comply with, high-rocketing cost and a huge reliance on information technology. In tackling these challenges, several banks have come to realize that,this can no longer be a one man’s fight. Outsourcing a few functions such as Customer Management, Information Technology, Human Resources Management, Application Management, Payroll Operations, Marketing Activities, Research and Data Processing could help individual banks mitigate risks and solve current demanding problems resulting from complications and challenges within the entire banking sector.
This piece of work will examine the current situation and challenges within the Banking Sector. And with the help of a case study within the German Banking Sector, demonstrates how Outsourcing could serve as a solution to problems resulting from these challenges and complications. Such problems may include: increasing costs, low net-revenues/profitability and shareholder dissatisfaction.
The purpose of this thesis is to analyse how small and medium enterprises in Germany are dealing with the increasing importance of the cultural diversity within a company which is caused by the complex growth of the external economic factors through the rising internationalization as well as the demographical change, whereby the integration of international skilled employees is seen as a key role.
The first part of the thesis focuses on the framework between the basic component of the topic, the value of the company’s culture which is based on Hofstede´s theoretical approach, and diversity management. The following part indicates on one hand the opportunities as well as the threats which can arise when implementing an intercultural integration approach. This comparison should give the possibility to get a better overview of how complex the topic is and how many influencing factors are to be considered for a successful integration. The thesis then covers strategic aspects of how to proceed. Thereby it refers to the acculturation model of Berry and his four acculturation strategies. Furthermore, the comparison of the assimilation and segregation approaches are mentioned and analysed as well as their golden mean. The method to underline the theoretical part is supported by interviews. These interviews, which were held with two “best-practice” companies as well as one independent diversityexpert, give the possibility to get a real overview of how companies deal with this approach and which problems as well as advantages they are facing. The interviews which are not only held with the manager rather than German and foreign employees are important to get a feeling how companies handle the intercultural integration on different hierarchical levels which might prove useful in discovering potential in their own company.
The conclusion of the thesis is that cultural homogenous societies rarely exist today, which means that the cultural diversity shouldn’t be seen as a trend rather than a constant conditionality. Small and medium enterprises should also stop seeing the downside to their size rather than their advantages which also come with their size. Companies have to build a true understanding and consciousness in order to create a cultural diverse friendly environment. Nevertheless, in an ideal case a company does not see the cultural diversity as something special, but more likely as something normal, regardless from which cultural background an employee is, he or she is a member of the company.