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Course of studies
- MBA - International Business Management (46) (remove)
As a leading medical technology company, KARL STORZ SE & Co. KG continuously wants to bring innovations and applications into the market and expand its existing product portfolio. As strategic initiatives, the company has set priorities and goals to ensure its sustained success. One of those strategic initiatives is to start developing new products in the field of robotic surgery and compete in this segment. To achieve these ambitions, the company decided to spin off its robotic solutions department and establish a new business called KARL STORZ VentureONE Pte. Ltd. With a smaller and more agile structure, the new venture seeks to implement new ways of working and promote innovation.
This new-born company is playing in a fast-growing market that one single competitor has traditionally dominated. However, robotic surgery still has much potential, and existing suppliers have not yet reached different market segments. One segment that has called the attention of the spin-off is the ambulatory surgery centers in the US.
These surgical institutions are growing and gaining relevance in the American surgery landscape. Hence, the company is particularly interested in developing a robotic solution for this segment. Before introducing a product, the company must understand the target customer intended to address. Management at the new venture is also convinced that new business models can be successfully implemented in this segment. Thus, this academic work aims to evaluate the ambulatory surgery center market in the US and propose a suitable business model for this target customer.
For this purpose, this thesis was divided into two main parts. The first aimed to conduct market research on the ambulatory surgery centers in the US by collecting secondary data from articles, reports, and governmental publications. The second part focused on proposing a business model for the ambulatory surgery center segment. To do so, primary data was obtained by interviewing experts in this market.
The research found that the ambulatory surgery centers segment is a growing market where robotic surgery has not yet been fully implemented due to its high cost and reduced reimbursement rates for outpatient procedures. Another barrier to robotic surgery in surgery centers is the high upfront investment needed to buy the technology. Based on these insights, different business models, such as leasing, renting, pay-per-use, and subscription, were assessed. A subscription model was selected and further developed by presenting the most advantages. Using the “Business Model Navigator” methodology, this work defined and documented the target customer, the value proposition, the value chain, and the profit mechanism.
Abstract
In today's business world, it is evident how, thanks to digital transformation, new business models have emerged, especially in the retail industry. Changes in customer preferences have been one of the main reasons why the vast majority of companies within the retail industry have accelerated their digital transformation processes. Evidence has also been found that this change in consumer thinking is related to one of the side effects left by the Covid-19 pandemic, where digital channels gained more strength due to the limitations of physical contact between product providers and their customers. Therefore, changes in consumer thinking and the use of new digital platforms have brought new challenges for companies transforming their businesses from offline to online. The biggest challenges for those companies are not only related to implementing new business models such as online sales or so-called E-commerce platforms but also attributed to the creation of unique and invaluable experiences for the customer, allowing the companies to retain their consumers and create loyalty.
Creating an outstanding customer experience is not an easy task on these platforms since the reach of digital channels is almost infinite, which makes the new entrepreneurs in this industry rethink over and over again the best strategy to approach their customers so that they feel delighted in their customer journey. The present work seeks to provide a solution to the challenge evidenced in the E-commerce platforms, where the main objective is to recognize, through the customer journey, all the critical touchpoints and elements to add value to the shopping experience and to raise levels of customer satisfaction. With the help of tools that measure the levels of customer satisfaction and dissatisfaction, such as the Kano model, and through a recommendation system, the current paper provides com- panies that trade their products online with a detail of what services should be improved in the shopping experience to be highly attractive. In addition, a guide is provided where its application in each company will show in a quantitative way what the customer satis- faction levels are like. This work, through exhaustive research in academia, concludes that the factors that most stimulate customer satisfaction are those related to e-services quality and highlights the importance of “Personalized information”, “Online sales agent”, and “Website reviews and rating” services to add value to customers in one of the most competitive markets, such as E-commerce.
The business environment has changed within the past few decades. Growing global competition and the trend of shortening product life-cycle have reshaped the market, coercing companies into reconsidering their business strategies and product development. Higher quality, better time-to-delivery, and cost optimization are crucial factors for firms to compete in this tumultuous market. Therefore, companies are adopting a New Product Development (NPD), which is agile and customer-centric. The path toward change, however, is not identical for every enterprise since companies have their own unique organizational architecture and culture, demanding a thorough consideration of various facets of change, which is the focus of this study. EKU Power Drives, the company case study for this research, is actively involved in innovating electrification solutions and embedded software control for mobile power generation in the oil and gas industry upstream segment. The firm is considering transforming to an agile-based framework to fulfill its vision, which is becoming the most preferred partner for the key players in the target markets. This study aims to investigate the optimal Agile methodology and framework for the case study according to its business context, identify the challenges and how to address them, and outline an implementation procedure.
This thesis analyzes the effects that product label certification of Fairtrade products and the retail format where they are bought by consumers (Supermarkets vs. Discounters) have on the Willingness-to-Pay (WTP) of common grocery store goods. The thesis builds on data obtained from an online-conducted survey where participants had to respond if a determined price point was deemed as cheap or expensive to them and based on the average reaction times of their answers we determined the individual WTP. Two-way ANOVA analysis were performed with this data and some interesting findings were discovered: while a difference can be observed in consumers WTP for goods depending on the retail environment where they are acquired, there is no evidence of multiplicative effect of product labeling and retail format.
In the quickly developing industry landscape of the organic food market, keeping pace with consumer demands and market growth can be a challenge. Organizations with long histories in the organic market, such as dairy supply cooperatives are facing difficulty to maintain their competitive advantage. These cooperative organizations are unique compared to traditional firms in their committed responsibility to multi-stakeholder value creation and protection as defining measures of successful operations.
The paper investigates what factors and principles could be implemented by a cooperative to establish a consumer retail brand in the organic food market. It also examines the effects of this strategic marketing decision on the relationship between, and outcomes for, several of their stakeholder groups. To balance between narrowing the variables and context, while still providing relevant findings on a national scale, a French organic dairy coop serves as a qualitative case study. In addition, a pool of expert semi-structured interviews was conducted, obtaining real time information applicable to the current case study situation.
The findings supported the development of a consumer retail brand to enhance competitive position in the French organic food market. Beyond organizational competitiveness, these results conclude that a retail brand presence for the cooperative could return synergistic additional value to the cooperative stakeholders, including the business, members and their social and biological environments. Finally, the outcome suggests a reciprocal, reinforcing relationship between a corporate brand strategy and the mission of the organic dairy cooperative case study subject. These findings are partially transferable to other organic cooperatives and add a cooperative organizational perspective to the brand strategy and development academic work.
As businesses advance toward globalization, their supply chains have expanded. Globalization has brought together varied marketplaces, but it also has consequences. The most significant of these impacts is environmental damage. As organizations and customers are becoming growingly aware of the extent of the damage, organizations are transitioning towards greener practices. However, the long, complex supply chains make visibility and transparency in the chain, particularly beyond the first tier of suppliers difficult. Managing companies at a global scale become complex due to differences in interests and difficulty in managing information, material, and financial flow that require rigorous validation and management from external participants. This is where Blockchain Technology has immense potential. Blockchain is a new, ground-breaking technology with applications primarily in the financial sector. This thesis is exploratory by necessity, as it is an early work on blockchain's influence on green supply chain management. The study employs the funnel technique, which begins with a broad and general perspective before moving on to more particular aspects of the subject. A framework is designed based on a thorough assessment of the literature and real-world applications of blockchain technology. The findings show that incorporating blockchain into supply chain management can potentially increase understanding of the supply chain's hidden layers and aid in the transformation of the existing supply chain to a green supply chain.
The present thesis performs an actuarial work that intends to understand the premiums, expenses, and claims, including the reserves considered the most important technical variables in an insurance company. The company is located in Colombia and the work will be performed in 2 branches: Compliance and Liability.
The objective of the thesis has been set as to define and measure a claim ratio after remarking a lack of an indicator that describes the 3 most important technical variables altogether in the company. It has also defined to assess the current methodology that calculates the reserves for the claims occurred but currently unknown by the insurance company under the premise that there is a very low level of observed claims in the history of the company in both branches.
All the methodologies defined, assessed, and performed in this thesis have been compared to other methodologies implemented in journals, research papers and articles to align the conclusions and take the best practices from actuarial works previously done. They all also considered to keep homogeneous results that was considered as a very important achievement even by other sources.
A new methodology has been defined to calculate expenses related to administration, the ones used in the reserves and the ones related to claims. The new expenses level was used in 2021 and an impact of a tremendous increase in premiums was observed the same year as a reaction of the decrease in policy prices.
The conclusions derived from the work was to continue with the current methodology to calculate the incurred but not reported claims reserve according to the instability seen in the Chain-Ladder methodology until more homogeneous result could be seen that yield to a higher level of credibility.
Finally, among many possible claim ratios defined, a paid claim ratio has been considered. It includes the whole variables inside the premiums of the company and the most important variables inside the claims that were the claims paid and the proportional and non-proportional reinsurance effect.
Pricing is one of the foundations of any company’s market strategy and the only factor of the marketing mix that deals with revenue generation. The other three viz. product, promotion and place deal with expenditure. Pricing strategies provide varied degrees of flexibility based on organizational capabilities and customer segments. Pricing decisions are fundamental to a firm’s growth and are complex in implementation. Based on the author’s research, value-based pricing provides the best fit for all the important pricing factors like cost structure, profit margin, competition, supply and demand, etc. Despite this, cost-based and competition-based pricing strategies are still being widely used. The IT service industry in India has long focused on the competitive advantages of cheap and abundant manpower but the lack of focus on product development together with the emergence of other low waged countries and the growing nature of technology adaptation in the country have presented significant motivation to these IT firms to invest in research and development aimed at enhancing their product portfolio, which can be best taken advantage of by moving their pricing decisions towards a customer-value centric approach. Basing their prices on the different customer segments and focusing on value generation is the best way forward in the face of increased competition from both domestic and international organizations.
This master´s thesis focuses on the development of a competitor analysis process as a proposal for the business unit “Power and Energy Solutions”. As a new business approach for the Marquardt Group in the fast-growing and trending electromobility market, it is essential to develop a process to optimize the identification and assessment of competitors in order to obtain relevant information needed to build competitive advantages and plan business strategy.
This study highlights the essential information to be collected on competitors as well as the importance and benefits of conducting an analysis. A proper competitive analysis consists of considering and understanding certain external aspects surrounding the competitor. The structure of the industry, the company's current position, the customers and suppliers are key factors that have to be considered in order to conduct a successful competitive analysis. In addition, this thesis shows the steps and the main elements to contemplate in order to successfully perform a process within the company.
A qualitative research methodology has been applied for this thesis, in which literature review has been conducted and expert opinions and experiences have been included. The information has been collected through primary and secondary sources, with the aim of understanding the current situation of the business unit and obtaining relevant literature on the topic from reliable and accurate sources. Moreover, action research has been carried out in order to link theory and practice to provide a solution.
This master's thesis offers a proposal for the competitor analysis process, outlining seven stages to be followed. They have been established as a result of the evaluation and integration of the literature review and the current situation of the business. In addition, a conceptual framework has been designed as a concentration and visual representation of the best practices and methods to provide structure and support each stage of the process.
The implementation and constant utilization of the process will allow the development of a standardized system that ensures effective analysis in the business context. Moreover, it will provide a comprehensive analysis of competitors and their surroundings, as well as improvements and transparency in collaboration and practices within the company. Consequently, it will ensure a positive impact on the business unit for decision making and building competitive advantages.
As prerequisite to final graduation of my master in international business management MBA at Business School, Hochschule Furtwangen University, I conducted this Thesis but also as a practical business case that match with the nature of my master’s focus of international business and could be used in real life.
I put myself as a member of project’s managing team for a pharmaceutical company, this team as a part of strategic decision-making process is responsible about assessing different potential international markets and segments as a part of the company plan to expand their operations, tape and penetrate new markets.
Narrowing down the options to two geographic markets (Germany & Saudi Arabia) and two pharmaceutical segments (Diabetes& OTC), starting this assessment with macro analysis (PESTEL) of Germany and Saudi Arabia followed by micro analysis (Porter’s five forces) of the pharmaceutical industry in the two markets of concern, having more in depth review of the two potential segments in each individual market then head to head attractiveness comparative analysis of the two potential segments in the two potential countries showing the pros and cons for each of the potential available opportunities and finally reach a conclusion to solve this business scenario.
In order to satisfy both scientific research basis and business need I utilized Data from both peer reviewed articles, reports from highly trusted international institutions and organizations for their data accuracy and few theoretical books.
Limitation of this paper: taking in consideration that some relevant data i.e., regarding specific market profitability are not accessible due to either company’s confidential policies or data consolidation for example the financial statements of Bayer, the pharmaceutical company shows consolidated data combining Europe and middle east allowing no possibility(for outsider) to directly compare profitability of each specific country, here in our research Germany and Saudi Arabia, also I tried my best to use the most recent accessible data , but some of the most updated relevant data is out of my reach either due to confidentiality or it is paid data that requires funding resources not available in my case as I am doing this Thesis independently not in partnership with a company, these limitations might to some degree affect the precision of the final conclusion.
Cryptocurrencies are becoming increasingly popular as an investment object due to the underlying promising blockchain technology, a growing number of use cases and especially because of their recent enormous price increases. As a young and emerging asset class, cryptocurrencies also face investors with several challenges and uncertainties.
This thesis investigates the impact of adding cryptocurrencies to diversified portfolios and whether cryptocurrencies can be a reasonable portfolio addition for investors. For this purpose, based on Harry Markowitz's Portfolio Selection Theory, a statistical analysis of portfolios with and without cryptocurrencies and different degrees of diversification was conducted for a 5-year-period. The portfolios were analysed in terms of return, risk and correlations and the efficient portfolio allocations as well as efficient frontiers were determined for different return and risk scenarios, both with and without the use of short sales.
The results of the statistical analysis showed that cryptocurrencies have significantly higher returns but also higher levels of volatility and risk than traditional asset classes. Although cryptocurrencies show less strong positive correlations with other traditional assets, they nevertheless correlate positively with the representatives of the traditional asset classes examined, which is why cryptocurrencies are only suitable to a limited extent as a means of risk diversification. Cryptocurrencies can be an attractive portfolio diversification but only for investors who are willing to accept higher risks for higher returns as the addition of cryptocurrencies significantly increases both the return potential and the risk of portfolios. Therefore, the higher an investor's expected portfolio returns and risk appetite, the higher should be the portion of cryptocurrencies in his portfolio.
Concerns about China’s currency intervention strategy against the U.S. dollar and other major currencies have been raised by many members of congress for more than a decade. They view it as one of several distorting economic policies China is employing to gain an unfair advantage over their competitors. Assuming the RMB is a freely traded currency, they argue that China’s currency strategy is designed to lower the cost of exports and raise the cost of imports greatly.
Problem and Objective: How is China competing with the USA to become the economic world leader? This paper examines the interconnection among three major economic components in the Chinese economy through financial development, international trade, and economic growth.
Method: The research method involved the exploration of articles authored by economic scholars who have concluded that productivity increases significantly contribute to China’s rapid economic expansion. Numerous articles were retrieved from the website to explain how China is slowly becoming the world economic giant overtaking the United States.
Findings: Scholars expect to have significant economic growth in China, surpassing the individual European countries in terms of ranks and G.D.P. size. The entry of China into the W.T.O. depends on the successful completion of the multilateral phase of accession negotiations. Its membership will significantly impact the international trading systems for numerous reasons. First, the admission serves as a template for various transition economies looking to join the W.T.O due to the increasing demand that the Chinese have accepted within the bilateral phase, the W.T.O. admission negotiations deter the entry of various new members. Secondly, China has taken critical steps towards meeting some of its W.T.O. obligations and the steps that can complete the process that may disappoint some individuals within the organization. Due to the large volume of international trade, there is a risk that trade conflicts can overburden the capacity of the W.T.O. to settle disputes. Third, China has a critical role in shaping various multilateral trade negotiations agendas. The developing nation is also one of the top trading countries, and China is a forceful advocate within the next round for the interest of various developing nations.
Conclusion: US congress has long been concerned about China’s currency policies and economic growth. The RMB’s value versus the dollar has risen by 34 percent nominal and 42 percent actual since 2003. Another concern is China’s use of industrial policies to subsidize priority domestic firms while restricting foreign market access. China’s financial system could be severely undermined if the proportion of non-performing loans increases dramatically due to policies that promote significant gross fixed investment and are primarily backed by low-cost credit policies.
In the opinion of many observers, RMB value is undervalued because of Chinese government restrictions on its value.
Patient engagement is the most important element in the process of research/development of medicinal products and healthcare management in today’s times. In a country like India which has a huge population and limited state of regulatory affairs it becomes important to walk the extra mile to protect the patient lives and truly serve them. Time and again it is seen that there is no or limited focus on patient centric processes and we still tend to focus on sponsors as the key stakeholder.
The author in this thesis aims to focus on the clinical trial landscape of India and determine if there is a need to improve the clinical trial processes. If yes, then what type of change is the audience looking for.
The author tries to introduce the human element in the process and remind us all that it is the ‘patients’ who are the centre for the drug development process and serving them and alleviating their pain in the true purpose of the process.
The author along with the helping us find a definition of patient centricity in India, also proposes a model that can be used by the Indian pharmaceutical companies to focus on patient centricity at different stages of the drug development cycle within their organisations.d
Digital Transformation is gradually changing the ways of operating the business. With the advancements and innovations in technology and changing customer preferences, it is essential to adapt to these changes. Digital transformation has the capability to impact nearly every line of business but one of the most significant impact is on Customer Experience. Embracing new technology and processes provides opportunity to create better experience for customers by focussing on automation, self-service, value, quality, customer expectations etc. Advanced systems or solutions that fulfil these requirements can be incorporated in the technology and process landscape of an organization who is supporting customers. This thesis aims at conceptually integrating the Customer Service and Retail Store Support processes at HUGO BOSS into the new Enterprise Service Management (ESM) tool which will in turn drive the digital transformation at HUGO BOSS. Moreover, the purpose of the study is to provide a recommendation if the new ESM tool can replace the existing Retail & Customer Care ticketing tool, thus enabling the Retail & Customer Care team and their respective processes to be fully onboarded and implemented in future into the new tool. This thesis is a qualitative research. At first, qualitative data about the existing ticketing tools used to provide customer service and retail store support is gathered through secondary data collection methods. Secondly, in-depth semi structured interviews with nine respondents from Retail & Customer Care team and IT Support teams were conducted to collect their feedback and analyse the benefits and drawbacks of these tools. Next, the thesis introduces the new ESM tool followed by its evaluation using Fit-Gap Analysis method. Further, the thesis includes the concept of ideal customer service and retail store support processes to be supported by the new tool using process flowcharts. In conclusion, the results of the thesis are presented based on which a future recommendation is provided.
The thesis emphasizes on the scale of production and waste of plastics, market share of single use plastics and attempts to find alternatives to one of the most problematic single use plastic marine litter items – single use plastic tableware and cutlery. The thesis is further narrowed to one of the Biodegradable tableware and cutlery BIOTREM from Poland that produces single use or disposable tableware and cutlery with the raw materials wheat bran and bioplastics PLA.
A study involved in the internationalization of BIOTREM is carried out based on the guidelines and principles of Global Marketing by Hollensen (2014). The study includes the important steps in internationalization process such as decision whether to internationalize, factors affecting internationalization, internationalization models suitable for BIOTREM.
Germany is considered as a hypothetical target market for the expansion of BIOTREM and the challenges for internationalization to Germany is analyzed with the help of Porter’s Five Force framework and SWOT Analysis. Further, various types of entry modes and factors that would influence the strategy for BIOTREM’s entry into German Market are studied and the suitable options are recommended.
A few recommendations w.r.t elements of marketing mix – product, place and promotions are suggested and also included are the general recommendations regarding company’s website contents. A recommendation is made on new form of crowd funding option – Security Token Offerings (STO’s) for BIOTREM expansion plan.
Finally, it is concluded with enlisting the answers found for the research questions and the message on taking responsibility for single use plastic pollution problem.
Life insurance penetration rate in Malaysia has been stagnant in the past few years although a few InsurTech companies set up in Malaysia recently. Prior researches on InsurTech fail to clarify the gap of the target customers’ and the insurance experts’ opinions on how to enhance the customer experience in online life insurance with the help of Artificial Intelligence (AI). To address this, a model is recommended based on the literature review on similar articles and survey results conducted on both target customers and insurance experts. The recommended model has four main components: official website by InsurTech companies collaborated with traditional life insurers, customer support, customer service and customer engagement.
The object of the present master thesis is to understand the environment of the sales channel of Global Projects, its opportunities and challenges for Hansgrohe SE in order to clearly formulate a practicable, medium-term strategy for the period of 2020-2023 for the referred sales channel. A mixed method approach was used in this thesis, using both quantitative and qualitative methods. Raw data such as the channel’s net sales during 2016-2019 were observed from the internal sales system in order to understand the relevance in the past of the different business segments within the sales channel of Global Projects. Also, different external sources such as databases and reports from different consulting firms and international institutions were analyzed in order to determine the sales potential of the different business segments for the period of 2020-2023. A PEST analysis was conducted in order to identify the changes and effects of the external macroenvironment on the company’s strategic position. And finally, a competitor analysis was also conducted in order to identify the strengths and weaknesses of the company’s main competitors and the areas where the company should aim to improve. All previous research and analysis was complemented with expert interviews that were conducted with experts from ten different subsidiaries of the company who are in charge or involved in the sales channel of Global Projects in their respective regions, who helped defining the sales potential of the existing business segments and relevance of new segments that should be considered in order to develop the channel’s strategy. The result of the study suggested that the residential segment will represent the biggest sales potential for the channel followed by the hospitality segment. While there are other segments such as marine, retirement homes and bathroom pods & modular buildings which are expected to gain relevance in the future in some specific regions. As result of all research and analysis conducted throughout this thesis, the strategy and plan for the sales channel of Global Projects for the period of 2020-2023 was designed in line with the company’s strategic position.
All the companies need to plan and budget for future. For planning they need sale forecasting so that accordingly they can manage their supply chain efficiently. Companies do have historical data which can be used for forecasting sale. However, the accuracy of the predictive model depends on the quality of data which is being fed to the model. Poor data quality may result in poor forecasting. Hence, there is need to work on data quality management and to formulate some generic approach for ensuring data quality. Besides, it is also required to detect abnormal sale from the past data, get the reason for those abnormal sale records and remove them from the data. Subsequently, cleaned data can be used to work on predictive modelling which will forecast sales with the most likelihood of near to accurate results. These historical data can be analyzed as a time series data by using as simple time series analysis as ARIMA or by using complicated neural network. Evaluation of these predictive models will help in making a decision of selecting a best fitted model for future forecasting. The thesis aims to work on data quality management of raw data and then analyze time series data to determine predictive model for forecasting. Besides, thesis also aims to understand how data is collected and how organization performs sales processes. This would not only facilitate in finding and bridging the gaps in the business processes but also in preparing the organization for the state-of-the-art technologies to enhance their business for future.
In the past decade the world saw an unprecedented economic boom followed by a similar bust. Most economies are still recovering and some experiencing sluggish growth. Various reasons have surfaced as to the cause of this economic boom. However, this paper explores the build-up of excessive debt as a result of financial development in spurring up the economy. This paper identified that the financial deepening coupled with other macro-economic factors have expanded credit in the economy. All sectors accumulated high levels of debt. As part of this study, an analysis of household debt was carried out, using a dataset of 30 European countries in order to ascertain determinants of debt. The results showed that household debt has a statistically significant positive correlation with Gross Domestic Production per capita and Life Expectancy at Birth. Additionally, Gross Savings and Gross Domestic Savings also had a positive correlation. This paper concludes by submitting that financial development should be reset to what it was best at doing in the first place, that is intermediation of finance so that efficiency of investment can be improved. Hence economic development.
The pivotal role of the service industry in the economy is increasing over the last decades, as shown by the significant contribution to the GDP made by travel and tourism. Among the varied range of travel companies, this paper focuses on travel agencies. The objective of the thesis is to find out the key drivers, which lead to the success of European travel agencies and to point out the factors that make them unable to compete and develop sustainably. This paper uses the PESTEL model, Porter’s Five Forces model analysis, flywheel concept and spontaneously conducted interviews with travel and tourism industry experts. A case study approach is adopted. There is also the analysis of the financial statements, business model and strategies of the top 15 world-leading travel agencies to find out the market structures and competitors’ behaviors. From the collected data and examination, three primary factors that lead to the sustainable development of travel agencies and four main factors that decreed the failure were identified. Besides, the research also finds out the answer for the three research questions: technology is the disruptive forces in the travel agency industry, there will be no monopoly in this industry at least in the next medium-term, and the adaptation of a new business model is possible. Finally, the study proposed a sustainable development model for a European travel agency as well as directions for future relevant research.
Zombie companies are widely discussed ever since the ‘lost decade’ in Japan. The prolonged recession was experienced for almost two decades and in great deal attributed to the zombie companies. The Eurozone is currently in recession and is experiencing a growing incidence of zombie companies. If this trend is not stopped but encouraged by the negative interest rates, there is a possibility for a prolonged recession or even secular stagnation. This study aims to examine the reasons for the emergence and existence of zombie companies in the past. It discusses the implications zombie companies had on the aggregate macroeconomic indicators. In discusses how zombie companies should be treated and whether they must inevitably be foreclosed. To determine the severity of the problem, it examines the incidence of zombie companies in selected industries in the Euro periphery countries based on their interest coverage ratio (ICR). The results show that there is no significant incidence in the selected markets. It concludes whether currently, the zombie companies are a real threat to the economy of the Eurozone. Furthermore, it suggests ways how the problem of zombie companies should be prevented and treated.
This thesis aims to provides a comprehensive and systematic approach towards the strategic analysis of Electric Vehicles Industry in India. The research explores the ways how the external business environment or macro and operational environment affecting and shaping the EV Industry in India at present. The research starts with providing a general description of Electric Vehicles followed by the quantitative method of analysis to analyses the external or macro environment of EV Industry in India by using PESTEL analysis and operational business environment level analysis of EV Industry in India by using Porter Five Force Analysis. The author identifies how present market situation of EV Industry looks like in India and what strategies that need to be implemented by EV manufacturer for its future expansion in the India. In conclusion the author anticipates the tremendous effort by Government of India working together with several public and private stakeholder to push the electric mobility solution throughout the country by creating several policies, fiscal & non fiscal based incentives, and awareness towards electric mobility. The findings show that EV will help India to climate mitigation strategies to lower down GHG emission from increasing road transportation in India, energy security, a local pollution free environment and an advanced shared mobility transportation for growing urban population in India. The commercial potential of the EV industry in the near future seems enormous in India as the entire value chain associated with it in developing stage and looking forward to conquering the demand of a billion plus size growing population of young India.
Corporate debt volumes in emerging market economies have been increasing greatly post 2007-2008 financial crisis. Debt levels have increased across the globe however, the pace is faster in emerging markets than in advance markets. Major countries in emerging economies such as Brazil, Russian Federation, India and China (BRIC) have a large and concentrated share in growing corporate debts. Although, both company specific factors and macro level factors have impacted the corporate borrowings leading to depressed corporate earnings, financial strains and capital outflows in emerging markets the impact of company specific factors is highly pertinent and demands research. The rise in debt levels has affected the return on earnings (ROEs) of the corporate companies which in turn is adversely impacting emerging economy and its financial stability. This paper has empirically tested for the explaining effects of rising corporate debts and changing return on assets (ROAs) on ROEs of emerging market corporate by establishing a multiple regression model. A sample of 100 corporate companies from BRIC countries has been taken to test the model. The test results confirm the importance of corporate debts in predicting ROEs and possible financial strains. Finally, the regression model has been used to estimate ROEs of these corporate companies for the next 5 years with specific recommendation and policy implication to avoid financial crisis.
This thesis aims to provide a comprehensive and systematic analysis about the growing popularity of Korean pop music (K-pop) worldwide in recent years. On one hand, the international expansion of K-pop can be understood as a result of the strategic planning and business execution that are created and carried out by the entertainment agencies. On the other hand, external circumstances such as the rise of social media also create a wide array of opportunities for K-pop to broaden its global appeal. The research explores the ways how the interplay between external circumstances and organizational strategies has jointly contributed to the global circulation of K-pop. The research starts with providing a general descriptive overview of K-pop. Following that, quantitative methods are applied to measure and assess the international recognition and global spread of K-pop. Next, a systematic approach is used to identify and analyze factors and forces that have important influences and implications on K-pop’s globalization. The analysis is carried out based on three levels of business environment which are macro, operating, and internal level. PEST analysis is applied to identify critical macro-environmental factors including political, economic, socio-cultural, and technological. On the industrial level, major forces that shape the music industry in which K-pop’s business operates are evaluated based on the framework of Porter’s Five Forces. External environmental analysis is followed by the review of the global strategies of major Korean entertainment companies in achieving their organizational objective of turning K-pop into a successful global business. We identify all the key value-creating activities ranging from talent acquisition to customer relationship management in the value chain of K-pop’s industry, and analyze how each of these activities have contributed to K-pop’s success in the global market. In conclusion, the recent success of K-pop on the global stage can be understood as the rewards for the capability of its internal strategy to anticipate and capitalize new opportunities in external environment.
Today the author bought six jackets. A friend asked her if she needed six jackets, and if she had this money to pay to all of them. She said that she had only 35 euros and among those six jackets, she will (because they haven’t arrived yet) choose only one. The others five will be returned, because she has this option for free. Then, a friend of her asked: “But what are you doing?!” She answered: “Shopping. I am shopping and writing my thesis.” With pleasure, the author brings to this abstract a concept of brick-and-algo. Pure algorithm – pretty new – any barrier, (brick, the store itself). Experience that brings to the costumer the same feeling as shopping!
Concrete walls also refers to the corporate world, which “bricks” have become glass or simply partitions between one table and another in business in general. The bricks really have fallen apart and companies are going toward a horizontal way, where everybody talks to everybody; again without any brick or any barrier. The hierarchy exists, but in a different level as before. The physical point card became virtual badge, enabling the famous “home office”. Employees began to be evaluated and separated between generations, such as generation X and generation Y or Z (starting in corporations). Consumers have more rights about products and the economy and changing behaviors frantically.
With competitiveness, organizations rely on investing in strategies, assuming new responsibilities, performance necessary for the personal fulfillment of goals and objectives. Promoting the growth and development of its employees, through a model based on mission and values. The quests for survival of organizations have changed the organizational paradigms, in the sense that if before it was necessary to motivate the employees and that today need also to get their commitment. This makes companies to wake up to importance of positive environments, where employees can find favorable conditions to work more effectively.
With globalization and rapid growth of corporations via innovations, talent retention becomes a very important factor for the survival and growth of organizations. At present, the people of organizations must have the ability to manage competently, in order to satisfy and retain their employees, which represent values invaluable to the company. One of those values is the power to renew, create, innovating and to intrapreneur.
Stimulate the entrepreneurial capacity, then by inducing behaviors favorable to systematic innovation, by creating a dynamic of continuous improvement and speed up the process of modernization is a current world. In this sense, the author of the thesis, decided to already introduce innovation, even in the abstract, through another author, or more than an author, a poet and brilliant mind, Fernando Pessoa, when he said:
"There is a time when humans should abandon the used clothes, which already have the shape of their bodies, and forget their paths, which always leads to the same places. It is the time of looking forward: and, if humans don't dare to do it, they will have been, forever, on the sidelines of themselves. " (Fernando Pessoa)
In this context, this thesis proposes to treat about entrepreneurship in general, proposes to talk about intrapreneurship, about corporations, the individuals; and finally, the author tries to makes suggestions for the current decade.
This project builds an understanding on the evolution of financial intermediaries and its actors based on financial intermediation theory. By discussing the perspectives of borrowers and lenders within the crowdfunding industry, this study advises a way to create a competitive advantage for emerging Crowdlending platforms by leveraging on institutional investors.
This study recommends an inductive analysis of the crowdfunding industry, based on studies of other authors, observations of the industry and academic papers regarding investment behaviours. This leads to a Porter’s Five Forces analysis, which depicts the linkages among the actors of the business. The previous analysis suggests that institutional investors create positive linkages within the business; therefore, the project continues to explore the requirements of these agents when employing crowdfunding platforms as an effective investment vehicle.
As an investigation tool, a questionnaire is designed and delivered to institutional investors in the Latin American region. Results show that institutional investors lean towards short term credit operations structured under a monthly cash flow arrangement. While investors do care about the established communication channels and management of cash flows towards borrowers; support activities are susceptible of outsourcing and may constitute a value-added opportunity for financial intermediaries.
The context of this project is a study of the business expansion and development of the Becual Chile crowdlending platform as a young company in the market. The study is led by the Hochschule Furtwangen University and complemented by other two theses: ‘Credit Risk Model for a SME Crowdlending Platform’ (Aravena) and ‘Growth Strategies for SME Crowdlending Platform’ (Beltran).
In the 21 century, global companies are spreading all over the world for the sake of chasing profits. Driving by the desire of new market & profitability, they struggle in the business world by competition, merge, innovation and utilize all the resources that available. Among them, hidden champions are winners in this period. However, it also needs to be asked for the hidden champions, will they been succeed in a totally different market? The answers came with new market in China, which will verify their belief. Coming into China, into different markets, is an inevitable step for most hidden champions, for development and defend themselves as champions.
This thesis mainly gives the hidden champions that working on Chinese market or going to this market a brief intro about the local situations, competition existed, entry & marketing strategy, and hidden champion real cases. In the following chapters, you could found: The definitions & characteristics of hidden champions, learning that what build the family business into the most successful business in niche industries;
The Chinese business historical moments, what makes the Chinese business culture today, and today’s business situations in China.
The entry strategies for foreign companies getting into China, discussing the different forms from licensing business to the wholly-owned subsidiary and their pros & cons.
The marketing strategies typically for hidden champion companies in China, applying the classic marketing management theories & localization situations in China.
Real hidden champion company case in hidden champion cluster in China, the current situation and value chain analysis.
New trend marketing risks & chances in China for 21 century, digitalization & cyber – physical system development.
The main objective of this thesis is to investigate and analyze the professional journey of thirteen foreign doctors and the opinion of a German doctor, to explore how their integration process has been into the German labor market, taking into account their personal experiences; especially what they thought was helpful and the obstacles that they encountered during their journey, and to make recommendations for hospitals to help them address the integration of foreign doctors, something that should be done as soon as possible, due to the rising amount of foreign physicians coming to Germany to cover the many open positions that can no longer be filled by the local population.
The thesis is divided in four large sections; the first serves as a basis to understand the problem of the shortage of physicians in Germany; the second one is a literature review taking into account the migration of health professionals, cultural standards, intercultural competence and communication, the different acculturation strategies that immigrants use, inpatriation and integration, and last the management of diversity in healthcare; the third one has to do with the methodology that was used; and the last two parts encompass the findings and recommendations.
In conclusion, it can be said that recruiting foreign physicians is a very good way of approaching the actual shortage of physicians that exists in Germany. However, it is imperative that health care organizations, are aware that the integration process of foreign doctors and the adaptation of the whole organization to this new working environment is of extreme importance to provide the quality care that is expected at any health care institution, and it is imperative that hospitals recognize the need to include diversity management and a Willkommenskultur as vital pillars for the organization.
Although the market share of a specific airline is very often a rough estimation, it is still of great importance for the airline top management. In order to make the right strategic decision, management should be aware of its current position and its competitors. This information is important to decide on the airline’s fleet assignment, revenue management and planning and scheduling. A variety of different models exists for market size and market share forecasting. Since no single model provides accuracy, airlines usually combine and compare the results of different approaches. Generally speaking, market share can be estimated using different starting parameters, such as flight frequency, fare, quality of service, number of airplane’s seats, time of departure, etc. The market share depends also on its competitors’ strategy and current economic situation. As it is almost impossible to take into consideration all these parameters in one model, different techniques very often provide different results, and it is the task of the airline network planners to calibrate and validate the model. In this Master Thesis I consider market share as a parameter whose value is between 0 and 1 and which is calculated as a ratio of passengers travelled by a specific airline to a total number of passengers travelled between a given pairs of cities. This Master Thesis presents two objectives. First, it gives an introduction to the history of the airline industry. It analyzes the main factors affecting the demand, gives and overview of the airline network management and presents the most popular models for market size and share forecasting. Second, it estimates the airlines’ market shares for a given set of city pairs for 2013 and 2014 and finds the formula which can be used for future network planning. The estimation is conducted using the Multinomial Logit (MNL) model.
The thesis provides analysis if the traditional automotive distribution model, defining the position of automotive dealers in the distribution channel. Their business model is analyzed from the perspective of value-adding activities performed at each stage of the distribution process and from the perspective of the profit centers existing generally in the business model at present. The research further turns to the automotive distribution in Belarus. The analysis of the Belarusian automotive market cannot be thoroughly accomplished without analysis of the Russian market, since the two countries belong to the common free economic area. The current condition of the Belarusian automotive dealers is considered in context of the macroeconomic downturn and obscure prospects, which is certainly one of the major challenges the industry is facing. The decreasing purchasing power of the population, high interest rates and exacerbating competition negatively influence the performance measures of the automotive dealers and their growth potential. Apart from the currently unfavorable macroeconomic situation, which is generally considered as temporary, the analysis takes into consideration basic transformation trends observed in social and technological spheres. The developments in the technological sphere also bear conflicting implications for the Belarusian automotive dealers and should be therefore thoroughly analized. In order to understand the potential of the Belarusian automotive dealers to introduce the necessary changes to the existing business model the balance of power analysis will be carried out according to Porter’s Five Forces methodology. The analysis is important from the point of view of the extent of the changes, which dealers are able to accomplish with a reasonable level of risks. The SWOT analysis will be further carried out to highlight the existing advantages and disadvantages of the Belarusian automotive dealers combined with external factors, which might influence positively or negatively their position. This chapter deals with the actual implications of the trends highlighted previously for the automotive dealers and provides the basis of the analysis of a sample strategy, currently implemented by the leading Belarusian automotive dealer, which is elaborated on in the last chapter.
International higher education has growing precedence in a global society where the world’s most pressing challenges are increasingly interlinked across borders. Thus, strategic initiatives are necessary to further open the industry in order to achieve its purpose of integrating an international,intercultural, or global dimension into the purpose, function, and delivery of education programs. The purpose of this project is therefore to apply the tools and frameworks of Blue Ocean Strategy to the international higher education industry to determine how and in what directions the industry can improve its value proposition to customers and further expand the market. The macro environmental factors surrounding the international higher education industry indicate that it has high potential for continued growth. Political evidences of this include the governments of importing countries instigating programs to send students abroad. Exporting countries with political environment in support of a unified national strategy are at an advantage to capitalize on these opportunities. Economic trends indicate that the global education market is expanding, and that there is increasing demand combined with financial capability for importers as their economies continue to develop and emphasize further investment in socio economic growth through education. Furthermore, the economics of education in the United States indicate a growing imperative to increase foreign enrollment as education costs spiral and financial support from the government declines. Technological innovations are also helping to open up cross-border educational opportunities. The social platforms of Web 2.0 are allowing greater collaboration with open source information, effectively flattening the playing field and opening international higher education to the masses. Despite these opportunities, a micro environmental analysis indicates the industry is currently trapped in a quagmire of hypercompetition. Industry rivalry is high and concentrated, and the United States is overall losing market share to other exporting countries. Individual institutions face high threats from new entrants as the majority of incumbents are not reaching their export potential and have few barriers to entering the market more fully. However, as start-up enterprises face high barriers, to market entry, innovation will likely come from the incumbents within the industry. As competition intensifies in the face of a growing education bubble, the United States higher education industry is poised for disruption. A new educational model that starts at the bottom of the pyramid and moves upmarket can decidedly disrupt the status quo in order to create an improved, efficient global educational system; one that will help the industry break out of the state of hypercompetition and elevate it to fulfill the values and needs of society. Blue Ocean Strategy provides the solution to this problem as it analyses an industry not by looking at its current state in comparison with its competitors, but rather what the industry can become by looking beyond the competition to unknown market space. Successful implementation of Blue Ocean Strategy can bring the high financial impact needed to save the higher education industry from collapse. Frameworks guiding value innovation can simultaneously pursue low costs while increasing value for a large volume of customers. The strategy canvas and four actions framework of Blue Ocean Strategy provide effective analytical tools that help to clarify the process of strategy development, and empower visionary educational leaders to focus one what factors need to be eliminated, reduced, raised, and created in order to achieve a leap in value for buyers within and beyond the boundaries of the higher education export market.
As this paper study how a brand can differentiate itself to stand out among the competitions for better growth opportunities, focus is given to two emerging trends in the market, the halal skincare and also functional skincare brand. Halal skincare stands for the skincare product that is permissible for Muslim consumption from the religious perspective. This trend is growing tremendously as Muslim is the second biggest religion in the world with high fertility rate. In skincare, the concept of halal would exclude the use of alcohol and pig-derives material in the product. This market amount to $46 billion in 2013 and is growing at 8% annually. This undercapitalised halal skincare market with few competition provides good opportunities for a brand to grow and develop. The functional skincare on the other hand, is a trend emerged over time where products provide additional benefits on top of basic function. This skincare trend is basically driven by modern technology that leads to many innovations of these multi-featured products. Example of the additional benefits that will be the focus in this study are the anti-aging and the sun care protection. Both trends gained enough attention by demonstrating a strong growth in the respective segments. This study will provide a snapshot of the current growing trends in the market and provide the key steps to position and differentiate a brand in order to stand out against the competitors with reference to the halal and functional skincare. The key objective here is to understand the determination of the brand positioning through the analysis of competitors, the target consumer and formulation of own brand differentiations. As every brand will be given a variety of judgements by the consumers, it is essential that a brand is position properly in the mind of the consumer in order to be successful in the market.
Crowdlending is a growing business model that originated from the new crowdfunding phenomenon. It consists of funding companies’ loans through joining money from many investors in exchange for regular payments. One important key value in this model is the speed of the credit approval and the investment choice. The upcoming crowdlending platforms facilitate their growth through the automation of those processes. This study explores the creation of a credit-scoring model for an entrepreneurial platform, in order to fulfill the necessity of quickly determining the risk and the characteristics of loan applications for SME companies. This study will also analyze the pricing loan strategy based on the risk of the operations. Finally, the thesis suggests a of the loans and concludes with a series of improvement measures for the model.
A contract as one of the essential means which regulates national and international commercial transactions, intended to determine the rights and responsibilities of the parties and protect their assets. Parties to international business transactions may freely choose the law governing their contract. As a result, parties are free to choose a contract law which best fits their needs, irrespective of its connection to the particular transaction. The market of contracts offers a choice among the laws of national jurisdictions and uniformed commercial contract law drawn up by intergovernmental organizations. Even application of a reputable national law or uniformed contract law does not guarantee eligible certainty. In particular, uncertainty is not admissible in transactions of industrial products and technologies, where protection of intellectual properties is one of the crucial aspects. In the aforementioned conditions, it might be a problem for businesses to make an appropriate choice of an applicable law of a contract, which is less complex, involves adequate efforts of contract enforcement and costs of dispute resolution. The task of this research is an analysis of different legal environment and making suggestions to a business in a subsequent strategy, depended on scopes of business transactions, national or international, and power levels of the involved parties. The research to be carried out in the following four parts, problem setting, theoretical study, empirical study and implementation. Solutions of the problems related to making and enforcement of a contract and dispute resolutions, basically may be divided into preventive and reactive actions. The preventive actions include choice of an applicable contract law, involving various mechanism to ensure that each party will stick to the contract terms, like self-enforcement, reputation, third party audits. As the reactive actions there may be considered, formal litigation through the judiciary system, which might be costly and slow, and alternative dispute resolution, such as an arbitration, mediation and conciliation hearings.
Family businesses are major contributors of a strong and diverse society. Not only help to keep power in the hands of small units (families), they also foster innovation and personal freedom and this is necessary to maintain a healthy society, which is also necessary not only in Mexico but throughout Latin America and other regions where emerging countries tend to be a majority. The presence of strong private businesses in a society can reinforce the social values of their communities. Wealth and stability that they create can foster personal growth around them, especially if the owners are responsible for philanthropic activities and civic leadership. Thousands of small and medium sized enterprises (SMEs) in developing countries are reaching a difficult phase. Most of the owners who founded the company on the 60s or 70s and made it to the next century are ready to retire without having a plan of succession to the one who will be taking over. Some of these enterprises are also struggling to find a strategic path among lots of heavy changes on the corporate world while others fight unexpected competition from abroad, normally from developed countries. it is also difficult for companies to face this sensation of isolation on a daily fight for survival and for standing out. At last, many of them end up selling their companies because of pressure or failure, being victims of a powerful tendency of family businesses to stop growing and develop their potential. 1.1 Objectives Provide an overview of the SMEs in Mexico and their current situation. Uncover the possible factors that cause their failure. Suggest a different solution through implementation of corporate governance, the way bigger companies do. Investigate and explore fears and advantages of implementing corporate governance. Analyze how corporate governance can be integrated to a SME in Mexico. 1.2 Limitations of the analysis This analysis considers that the reader has a short background on business, as the basic concepts will not be detailed. The study will focus on solving a specific problem that the author considers to be crucial for any SME in a developing country to solve, but from the perspective of corporate governance. The classification of the group of companies that have been analyzed may vary from country to country. 1.3 Methodology This project comprises a study of the presented bibliography on the situation of the corporate governance in Mexico and how can it be applied to small and medium size businesses in order to face the current challenges. The study focuses on the role of the board of directors in the company and how it can lead to a case of success by giving up some control by the business owners and pass it to the experienced advisors that will be part of the board. A document called “Código de Mejores Prácticas Corporativas” (Corporate Governance Codex) will serve as a big support for the research, since this is the official document companies must take a look at before even start thinking on implementing corporate governance practices. The research includes results form an annual survey presented by “PriceWaterhouseCoopers” in 2014 that was carried out all over the world including Mexico. This survey was done between May 30th and July 21st in 2014 to 122 companies from Manufacture, retail, finance, mining, construction, wholesale, and agriculture, and it is considered by many firms as the most important survey to consider when analyzing the current situation of family businesses in Mexico.
There is an increase in concern for the environmental impact such as GHGs emission and hazardous chemicals discharge along with the wastewater, from the product production process. Likewise the concern in the social impact also rises, in which it include the use of forced and child labor, unfair wages and inhumane treatment of worker in the production process of various industry.
Moreover, with the change in business strategies to fast fashion, in which new product collections are launch four times a year. In response, company have change the structure of their supply chain to shorten lead-time, higher inventory turnover, high order fulfilment and lower price for their customer. However, while focusing on these factors, environmental and ethical are being overlooked.
With the pressure from the public, laws mandate by the government, as well as the foreseen market opportunity make many of the large company to start thinking about a way to eliminate environmental and ethical impact from their supply chain. Various techniques and instruments are developed in order to help the company to analyze and abolish these problems.
Two companies are used as an empirical studies, which are H&M and Inditex. Though the analysis the challenges they faced and instruments and technique they used in response to the challenges, one can clearly observe the different approach in handling the challenges of these two companies. Nevertheless, positive improvement in eliminating environmental and social impact from their supply chain can clearly be seen from their effort.
Clinical Research is expanding into an international and more regulated environment, specifically its quality management. Pharmaceuticals and Research Organizations are investing significant amounts of money as well as the regulatory agencies. The U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) are improving and developing regulations and meetings to standardize globally these practices. Therefore this Thesis integrates and extends the FDA and EMA recommendation of implementing “Risk based quality management” in Clinical Research protocol execution with a multisource point of view and the proposal of adding a Risk Management Report as an output, which will work also as an input for future protocols implementation. Diverse articles and regulations related with Quality Management and Clinical Research Processes were reviewed to work as a base for the analysis of this thesis. Risk Based Quality Management is the actual trend and newly implemented process to improve quality in clinical research. The goal of this Thesis is to combine the different actual factors, methods and regulations in order to expand Risk Based Quality Management and reach a better degree in quality and standardization. The question therefore is whether this redesigned Risk Based Quality Management process can really be incorporated with the actual practices, and if it is possible to adopt it in Clinical Research.
Latin America has become a potential market in the lately years. Brazil has a potential market, being the fifth largest country in terms of population; moreover, the Brazilian economy has grown over the past years with the increasing middle class consumers. Mexico, on the other hand, with its strategic position and as a bridge for the whole American continent and having the most free trade agreements in the world is definitively an attractive investment destination. The main objective of this research is to study what type of entry modes should German companies in the high- tech industry and automotive industry use in Latin American market. As part of the research there has been a study of the internationalization theories, the entry modes and the factors that might affect the entry mode. Besides, the author has approached which characteristics do the Latin American market has and which opportunities may German Small and Medium-Sized Enterprises benefit from. Furthermore, this research incorporates some case analysis from German companies who already entered into this region, as a result there would be a analysis in order to see which patterns those companies have followed.
Purpose
The purpose of this paper is to study and understand the theoretical model of New Product Design and Development Process and New Product Development Process followed by Automobile Manufacturing Companies in order to understand the similarities and differences between the theoretical model and practical process of New Product Development.
Key Concepts
The main concepts reviewed in the paper are theoretical “Stage – Gate model” of New Product Design and Development, New Product Development Process followed in automobile industry, role of various departments in the New Product Development Process.
Methodology
The methodology used to review the concepts exposed in this paper was theoretical research.
Conclusion
Generic product development process as described by Ulriche & Eppinger sets up overall framework of the product development process but it does not describe the micro-level activities of the new product development process. Whereas the practical process of new product development works out on very micro-level details of the task and activities in new product development process.
Generic product development process is a simple framework and hence it is common for any organisation, but actual process of new product design and development is worked out to the very detail level according to functions in an organisation and hence it changes from product to product and organisation to organisation.
Improving conditions for economic growth in Colombia, Investment opportunity in Infrastructure
(2015)
The purpose of this thesis is to get a clear understanding of the situation of transport infrastructure of Colombia. Examine the reasons and the current situation of the country´s background that explains the delay in infrastructure development and the poor quality of the transport networks, being able to find objective arguments to suggest certain type of investment for the coming years that will help to improve the conditions for economic growth. The research goes deep in to the evolution of the country and the role of transport infrastructure in Colombia, highlighting the most important facts and types, to get an overall understanding of the actual situation. The objective is to identify which is the line of investment that will best fit the country´s development in the time where globalization and free trade agreements take active part of Colombia´s growth in the last years, however threatening the industries pushing them to a more efficient and productive environment. On the basis of the results of this research, it can be concluded that Colombia needs heavy investments in the future years to try closing the breach left behind decades of inefficient policies and strategies. The involvement of the private sector in transport infrastructure projects is necessary to fund the type of investments that the country needs. Furthermore, there has to be continuity in the actual concession programs for the road network plus a big investment to bring back the railroad network into an efficient long lengths transport for both passengers and products.
Purpose: This study investigates the role that entrepreneurial talents play, and the influence of such
talents in firms’ success and raising funds through crowd-funding platforms as well. It discusses and analyses which talents are needed by entrepreneurs in order to place them in the best position to attract funds from these platforms. Further, the study attempts to create a bridge between entrepreneurial talent and crowdfunding, hence acting as one of the contributors towards the entrepreneur’s business success. Design/Approach/Methodology: This topic is a novel idea and it aims at examining whether or not entrepreneurial talents, as influencing factors should be taken into account when raising funds from crowdfunding platforms. This paper includes two main parts: theoretical and practical. In the final part, this paper provides lessons learnt. Originality/Value: This thesis will add value to research in the field of crowdfunding and its operation especially when entrepreneur funding is considered. Additionally, the hypothesis that forms the basis of this thesis, advocates for a new mode of sourcing for funds from crowdfunding platforms. This new approach is premised on the idea that the entrepreneurial talent can be a significant influencing factor for successfully raising funds from crowdfunding platforms. The analysis of the case studies will reveal an appropriate pattern of the talents needed and associating factors that will help entrepreneurs become successful in obtaining funds for their business
ventures, when they elect to use crowdfunding as their financing method. Practical implications: There are four practical implications to this paper. The first, is that entrepreneurs who intend to seize the huge opportunities offered by the crowdfunding platforms should place emphasis on convincing the participants in the platforms of their talents rather than placing too much focus on perfect business plan. Secondly, the platform participants should deviate from the traditional approach of WHAT to invest in, to a new approach of WHOM/WHO to invest in. Thirdly, from the perspective of the relatively new crowdfunding industry, this paper proposes for the creation of talent-based crowdfunding platforms as opposed to the project-based ones that are currently operating. Finally, the paper encourages the academic researcher to pursue ideas and new applications in the crowdfunding industry.
This thesis is based upon an interest in the field of neuromarketing and a desire to depict which is the most advisable strategy to implement in a situation, where there is a potential introduction of a methodology coming from that field in a new / foreign market. Special emphasis is put on the market entry strategy (modes of entry and marketing strategy).
At the beginning of the thesis, there is a brief inspection of the neuromarketing field according to the nowadays situation that lead to the creation of a methodology, which is called neuromerchandising®. This methodology is the competitive advantage of a German consultant company called neuromerchandisinggroup GmbH&Co.KG. With this patented methodology, this consultant company provides strategic solutions to numerous companies mainly in the field of retail.
The main purpose of the thesis is to define which are the decisions to be made while introducing this methodology to a foreign country and in particular to Greece, in order to improve the Greek retail situation.
This thesis provides an analysis of the tools necessary to speculate whether Greece is the appropriate country to introduce this methodology. After this analysis, the thesis provides solutions of the potential market entry strategy putting emphasis on the marketing strategy of introducing this methodology.
Internal documentation of this company, market reports and analyses are used to provide a professional framework of the dynamic capabilities in the venture of introducing this methodology to Greece.
With the ever increasing global competitive business environment, capturing new lucrative markets has taken the forefront for Multinational Entities (MNE’s). In the recent past, emerging countries have gained prominence as a focal growth destination for many MNEs. Despite the business opportunities that they offer, they still remain complex markets in which to do business. Consequently, for the MNEs that have made entry into these markets, adequate growth strategies designed to include sets of activities that deliver a unique mix of value to the organization are imperative.1 This therefore calls for such organisations to adapt their existing growth strategies in emerging markets to various demands. This is in order to maximise performance through well-orchestrated growth agendas that work in concert with the overall corporate strategy. Nevertheless, for overall success, businesses are becoming more aware that operational and control failures can be extremely costly.2 This is because growth comes with increased risks hence a need for new solutions to mitigate and manage the risks. Consequently, the discipline of compliance which is designed to mitigate risks through adherence of; legal requirements, internal and external policies is no longer a second-thought function that requires action down the road. Corporate leaders now recognize that it is important for business expansion and the protection of shareholder value.3 In these markets, compliance related issues have proved to be difficult hurdles for many organisations and they are widely viewed high risk compliance markets. 4 Despite this, many MNEs that venture into such markets fail to integrate their growth strategies and compliance programmes/strategies.
This paper explores the hypothesis that for organisations to optimise performance, their compliance programmes/strategies should work in concert with their broader strategic goals, e.g. growth. This thesis aims to show how the two can be integrated by using Rolls-Royce Power Systems’ AG (RRPS) growth strategy in China and its compliance programme as a case study. The hypothesis is that, if successfully integrated, RRPS can maximise its growth performance in China. Secondly the study seeks to provide a flexible check list or template that RRPS can adapt in its future Integrated Sales Road Maps (ISRMs) in other targeted countries or regions.
Unfortunately, even in these years of high innovations in society, many countries still have gaps in basic needs such as energy supply. Many people live off-the-grid (OTG) referring to not being connected to the main or national electrical grid since they live scattered or in remote location or simple because it is unaffordable. On the other hand, according to the International Energy Agency (IEA), the use of fossil energy increased in the 8 firsts years of the 2000 decade, and half of the energy use in the last decade was accounted to coal. This type of energy source is proven to be harmful for the environment contributing to global warming. New methods of energy storage have been created mainly in developed countries. For example, the photovoltaic (PV) lamps as the main product of a German company that fulfill needs in sustainable and renewable energy resources. However, developing countries may also need to look for practical solutions and the private sector can help. The financing of renewable alternatives is imperative to increase progress and, in these sense, private sector can help. For instance, increasing systems using solar energy for rural communities and promotion of affordable and efficient PV products such as portable eco-friendly solar lamps that replace the kerosene lamps, fan plus lamps, water filters and icemakers among others are helpful in OTG communities and need to be supply. Entrepreneurs that focus in fulfill this gap in society creates value and make a change in the countries. The importance of increase electronic appliances (energy-efficient) and “smart” applications (home area networks and energy storage devices) is undeniable for progress in developing countries and better energy use all over the world Solar energy provides products that not only help people but also maintains a balance between nature and habitants.
Market entry strategy for German mittelstand medical device
companies into the Indian market.
(2015)
German medical devices companies are at the forefront of technology when it comes to innovation and R&D. Most of the European medical device manufacturing companies are located in Germany and the number of patents filed by these companies shows the amount of innovation in the industry. A majority of these medical devices are exported within the European Union countries. Economic slowdown combined with market saturation and increased competition makes Europe a very competitive market for these companies. Indian on the other hand is one of the fasted growing economies in the world. The Indian medical device sector is relatively an untapped markets for innovative medical devices. There are tremendous market opportunities due to the fact that local manufacturing base for medical devices are underdeveloped
and often neglected. Most of the local Indian manufactures are engaged in producing basic medical devices and mostly into medical disposables and supplies. Around 70% of the medical devise sold in India are imported products. There is a huge demand and supply gap that is not being filled by the local manufacturers. India offers the perfect new market opportunity for German medical companies looking to venture into emerging new markets. There is abundant supplied of skilled manpower, with wages lower than that of the neighbouring China. India also has a rapidly growing middle class with increasing purchasing power. However, the regulations in the Indian medical device industry are not very clear and transparent. The Indian bureaucratic system is rampant with corruption and red tapes that needs to be tackled and navigated skilfully. A Germany company looking to enter the Indian market needs to understand that nothing in India can be implemented by a text book style entry strategy. In this thesis, we will analyse few of the most suitable entry strategies for German medical device companies with the advantages and disadvantages of each entry mode. We will also analyse the process of doing business in India, which requires an understanding of various aspect of the Indian culture and business relationship building in India. Further, we will analyse the current market scenario with a brief analyse of the local manufacturers currently in the market along with some information on foreign players in the market. Will also interview 5 experts from the medical field and look into few real case studies.