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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 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.
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.
The start of the financial crisis in 2007 and the collapse of Lehman Brothers the end of 2008 led to a severe global economic crisis. To counter the negative shocks of the crisis, central banks pushed their conventional monetary policy tools to their limits. As policy rates reached their zero lower bound and no further stimulation of the economy was possible through the standard operating framework, additional measures were needed to improve the overall situation of dislocated financial markets and liquidity shortages. Therefore, central banks in advanced economies implemented unconventional monetary policy measures called quantitative easing (QE). Quantitative easing mainly works through an expansion of a central bank’s balance sheets and is aimed to reach a desired inflation target of 2%. This thesis examines detailed introduction, procedures, risks, and exit strategy of QE. The focus of this thesis is on design and operation of QE conducted by the Bank of Japan, the Federal Reserve, the Bank of England, and the European Central Bank and on their achieved results regarding interest rates and broader economic effects. In addition, evidence for the effectiveness is analyzed with help of an event study. Key findings of this thesis demonstrate that by means of QE, positive development on economic indicators can be recorded but it also has limited impacts. If central banks conduct their stimulus for too long, it creates risks, and, for this reason, an appropriate exit strategy is required to avoid ineffectiveness of the monetary policy. To date, no country has completed their exit and, therefore, the future will illustrate the final consequences of QE.
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.
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.
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.
Diese Bachelorthesis beschäftigt sich mit der Identifikation von Cross-Selling Potenzialen und der Auswirkung von Cross-Selling auf die Kundenbindung bei der Lenovo (Deutschland) GmbH. Da der Verkauf von PCs, dem Basisprodukt von Lenovo, unter einem großen Preisdruck steht, ist es dem Unternehmen sehr wichtig den Verkauf von Peripherieprodukten auszubauen. Das Problem dabei ist, dass der dem Unternehmen kein geeignetes Informationssystem zur Identifikation von Cross-Selling zur Verfügung steht. Nach einer Einleitung, folgen die Theoretischen Grundlagen zum Thema Cross-Selling und Kundenbindung. Anschließend wird Lenovo als Unternehmen und die von Lenovo produzierten und vertriebenen Produkte vorgestellt. Im Folgenden Kapitel wird, dass im Rahmen dieser Arbeit entwickelte Informationssystem vorgestellt. Dieses Informationssystem ermöglicht es, den Vertriebsmitarbeitern durch verschiedene Funktionen, Cross-Selling Potenziale bei Bestandskunden zu identifizieren. Dem Management bietet es Möglichkeiten zu Vertriebssteuerung. Diese Arbeit zeigt den Einsatz des Informationssystems, an zwei Beispielkunden. Um die aus dem Informationssystem gewonnen Daten zu validieren und weitere Cross-Selling Potenziale zu identifizieren, wurde bei den Großkunden der Lenovo (Deutschland) GmbH eine Kundenbefragung durchgeführt. Diese ergab, dass die Daten aus dem entwickelten Informationssystem valide sind. Darüber hinaus wurden weitere konkrete Cross-Selling Potenziale identifiziert. Am Ende dieser Arbeit werden konkrete Handlungsempfehlungen aufgestellt, wie die Vertriebsmitarbeiter Cross-Selling Potenziale identifizieren können. Als Erkenntnis steht am Ende, dass die Lenovo (Deutschland) GmbH nun Informationssystem zur Verfügung hat, das die Informationslücke schließt und eine hervorragende Methode zur Identifikation von Cross-Selling Potenzialen ist. Zudem hat sich die Kundenbefragung, als gute Ergänzung zu, Informationssystem erwiesen.
In this paper, different factors influencing the perceived data security (PDS) of online shoppers are analyzed. For this purpose, the authors first conduct a literature review and later analyze the results of an empirical study, by applying a regression analyses. Based on the findings of this research, the paper identified the frequency of gathering information on the topic of data security and the experience of being hacked as factors with a significant negative impact on PDS. In addition, a well perceived benefit and, in special cases, an e-Commerce business’ brand can positively influence PDS of customers. In conclusion, the paper delivers insights into the perceptions of data security and delivers some suggestions on how a company could improve the PDS of their customers.
Beginning in the mid 2007’s the US financial market started to slide into the “worst financial crisis since the Great Depression of the early 1930’s” (Thakor, 2015: p.156). The domino effect of several events and occasions were leading first to a countrywide recession in the USA then later spreading globally. In the following this term paper will deal with the main causes and effects of 2008 financial crisis. Unlike other topics in literature there is no consensus about the question of guilt in this sense. Among economists there are different approaches to explain the main causes of the financial crisis.
Im Rahmen dieser Bachelorarbeit wird untersucht, ob kulturelle Faktoren einen Einfluss auf das Verhältnis zwischen in Deutschland lebenden türkischstämmigen Anwälten und Mandanten haben. Hierzu wird die ethnische Identität von Deutsch-Türken im Zusammenhang mit Generationsunterschieden untersucht. Zudem werden Akkulturationsmodelle, Kommunikationstheorien sowie Ziele und Möglichkeiten des ethnischen Marketings definiert.
Durch Anwendung qualitativer und quantitativer Forschungsmethoden werden jeweils aus Anwalts- und Mandantensicht die ethnische Identität sowie die für die Präferenz eines türkischstämmigen Anwalts relevanten Faktoren einzelner Einwanderergenerationen ermittelt.
Die Ergebnisse zeigen, dass die Anwalts-Mandanten-Beziehung stark von kulturellen Aspekten beeinflusst wird und dass Änderungen im anwaltlichen Ethno-Marketing notwendig sind, da diese nicht von türkischstämmigen Mandanten wahrgenommen werden.
Rising globalization and digitization resulted in crises for the fashion industry. High competition and the interconnectedness of the consumers rule the market and put it under pressure. Owing to the growing power consumers possess, the requirements towards the fashion players are increasing. Customer experience is frequently discussed these days by academics as well as practitioners and emphasized as a competitive advantage. Yet, it is difficult to measure and to track its consequences.
Since customer experience is elusive and no industry specific measurement scale is defined, at first this work aims to identify relevant touch points of customer experience in the fashion industry by dint of a focused interview. The further objective of this paper is to enhance the comprehension of the touch points’ effects or rather the relationship of customer experience with brand loyalty. This is approached by a questionnaire based on the preceding qualitative analysis and the resulting model. This model defines the customer experience touch points as the independent variables while brand loyalty is examined as the dependent variable. The conducted linear regression analysis reveals a moderate effect of customer experience on brand loyalty and the touch points concerning the products as most relevant in this relationship. Additionally, the digitization aspect is addressed by the examination of the relationship in the offline and online channels separately. With respect to this, the present study recognizes that the extent of the customer experience’s impact on brand loyalty and the significant touch points vary across channels to a certain degree.
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 concept of Job Crafting was developed by Amy Wrzesniewski and Jane E. Dutton in 2001. It describes job alterations initiated by employees that can occur in three different ways: Task crafting, relational crafting and cognitive crafting. The aim of Job Crafting is the better alignment of employee needs and preferences to the job demands and rewards.
In this bachelor thesis, the concept of Job Crafting will be explained and will be put into the context of similar concepts. Both, positive and negative outcomes of Job Crafting behaviour will be explained and opposed. The outcomes can have the form of increased motivation, performance and person-job fit which are intended by the Job Crafting behaviour. But misalignments of Job Crafting with organisational goals and negative impacts on colleagues on the negative side can also occur and need to be considered. The bachelor thesis also illustrates important motivators for Job Crafting and the most important aspects that play a role in Job Crafting behaviour. In the end, the thesis provides an outlook of Job Crafting based on the information that was evaluated. The aim of this bachelor thesis is to provide an insight into the concept of Job Crafting and to inform about the recent state of research on the topic.
Job Crafting is considered to be a rather positive employee behaviour that mostly results in better outcomes for employees than before Job Crafting actions. As organisation in the current economic state need to be adaptive in order to stay competitive, Job Crafting offers a solution for organisations to provide their employees with enough freedom to stay flexible. Job Crafting is not to be considered as a substitute for common Job design but rather as a complement to it that can be used by employees to further enhance their behaviour and performance. Managers should be aware of its existence and even foster it into a direction that benefits the organisation.
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.