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Course of studies
- IBW - Internationale Betriebswirtschaft (59)
- IBM - International Business Management (35)
- BMP - Business Management and Psychology (22)
- IMM - International Management (14)
- APE - Advanced Precision Engineering (8)
- MBA - International Business Management (8)
- AIN - Allgemeine Informatik (2)
- MZT - Mikromedizintechnik (2)
- DIM - Design Interaktiver Medien (1)
- MIM - Medieninformatik (1)
Climate change, commodity price volatility and scarcity of natural resources are some of the clear signals that indicate the unsustainability of the traditional linear economy.
Manufacturing companies in the European Union are becoming aware of playing a key role at the heart of these problems, as they are responsible of determining the impact that products have on the environment and on the economy, during their first lifecycle and after. Manufacturers therefore started to acknowledge the possibility of adapting their business model to circular strategies. The main objective of circular economy is the decoupling of economic growth from natural resources while providing economic and environmental prosperity. This study aims to determine whether circular economy can represent a viable alternative to the current linear economic system in the context of European manufacturing sector. To answer this question, a literature review was conducted to gather qualitative existing data that has been selected according to relevance and analyzed.
The results showed that circular economy has the potential to be successfully applied to the European manufacturing sector, representing a prosperous alternative to the traditional linear economy.
Sustainability first caught greater attention when the Brundtland commission first published their report “Our Common Future”. Since then, a lot has been done to fight against climate change. Sustainability has become one major issue in the daily business of companies. One industry that is surely going to change as a cause of the increased awareness of sustainability issues is the automotive industry. The disruptive electrification push plays an important role in the fast changing industry. E- mobility solutions as a means for more sustainable mobility are demanded more and more by customers. Also, governments shape the change in the industry with new regulations, bonus payments for buying electric cars and their emission targets. All this might sooner or later push traditional combustion engine cars out of the market. New players like Tesla focusing only on electric vehicles are entering the market and traditional car companies are changing their business towards e-mobility as well. That this change works well, companies also will need a well-developed marketing as well as brand positioning strategy and this is where the concept of green marketing kicks in. Broadly spoken, green marketing is the marketing of products that minimize the negative effects on our environment. Therefore, the thesis is generally researching the details of literature on green marketing and brand positioning. Later on, a detailed transition to the automotive industry is made with the analyzing of the three companies Volkswagen, BMW and Tesla. The thesis works out how those three companies managed to transfer their marketing mix into a green one and how this then affected their brand positioning. The thesis discusses the findings critically and gives implications for theory and practice as well as a guide to what needs to be done to be recognized as a green player in the automotive industry.
Low profitability is one of the major problems of the airline industry and one approach to solve it is that selling ancillary services to passengers which is called a-la-carte pricing. While this strategy has had some success in terms of additional revenue generation, especially for the low-cost airlines, full-service airlines struggle to implement this approach since their brand image is equivalent to better comfort and complimentary services served to their customers. Therefore, a new and possibly more effective strategy about the ancillary services comes into play which is called the a-la-carte options strategy. This strategy suggests rather than removing the complimentary ancillary services, the airlines can offer a certain number of reward miles to their frequent flyer program members to not choose to use that free ancillary service. By doing that the customer would receive free reward miles and the airlines would save from a substantial cost factor from ancillary services since the reward miles are low-cost for them. In this research, the potential cost reduction of a-la-carte options, optimal mile offer, and the possible customer reaction for launching the strategy are examined. First, potential cost reduction is calculated with real scenarios and flights. Second, customer responses are assessed with a survey conducted. The results show that a-la-carte options strategy can be highly effective on cost-cutting and customers tend to accept and use this strategy. Therefore, a-la-carte options strategy is potentially a good and effective instrument to fight the sector’s long-standing profitability problem by decreasing ancillary service and other customer service operation costs.
The goal of this bachelor thesis is to find out if Lidl is well prepared for the future challenges in the retail sector. Change management plays an important role, as implementing new aspects into a business requires change. As change management is a well-covered topic, the goal was to understand how change management works and what kind of problems might come up in theory. By interviewing experts within Lidl, it was aimed to find out where Lidl is positioned compared to the competition and what potential plans are ahead but also what kinds of challenges Lidl as a company is facing. It shows that implementing change requires good shareholder management, communication but also understanding the market to know which change makes sense or not. At the end the goal is to define risks and to assess if Lidl is well positioned to maintain the success.
Die digitale Disruption ist in vollem Gange und dies nicht nur für Konzerne, sondern auch für mittelständische Unternehmen. Künstliche Intelligenz nimmt hierbei eine wichtige Rolle ein. Aus diesem Grund sollten Mittelständler den Anschluss nicht verpassen, damit deren gegenwärtiger und zukünftiger Erfolg nicht darunter leidet.
Das Ziel in der vorliegenden Arbeit ist es zu beantworten, welche Möglichkeiten es im Rechnungswesen gibt, auf welchem aktuellen Stand mittelständische Unternehmen hinsichtlich der KI-Anwendungen im Rechnungswesen sind und vor welchen Herausforderungen sie stehen. Darüber hinaus, werden zum einen die Chancen und Risiken, die sich durch solch eine intelligente Technologie ergeben, veranschaulicht und die Auswirkungen auf den zukünftigen Beruf des Controllers beleuchtet.
Dazu wurde eine qualitative Studie mit Experten aus mittelständischen Unternehmen durchgeführt. Im Rahmen dieser Studie wurde deutlich, dass der Einsatz von KI in mittelständischen Unternehmen im Rechnungswesen gering ist. Dies betrifft insbesondere das Controlling, da in diesem Bereich bislang gar keine KI-Technologien zum Einsatz kommen. Das fehlende Know-how, das Fehlen eines Verantwortungsbereichs, der für die Ideensammlung von KI-Einsatzfeldern zuständig ist und die Priorisierung von anderen Bereichen mit der Ausstattung von KI-Anwendungen sind unter anderem Gründe hierfür. Das zeigt, dass das Potential, welches im Rechnungswesen herrscht, nicht vollständig genutzt wird. Dadurch werden Chancen, wie die der Mitarbeiterentlastung und der damit verbundenen Verbesserung der Analysetätigkeiten außen vor gelassen. Zusätzlich wurde durch die Studie ersichtlich, dass der Beruf des Controllers in mittelständischen Unternehmen noch immer derselbe ist, obwohl davon ausgegangen wird, dass sich dieser aufgrund der digitalen Transformation zukünftig ändern wird. Dies hat zur Folge, dass Controller in mittelständischen Unternehmen derzeit hinzukommende Aufgaben selbst übernehmen müssen, da Fachkräfte, die hierfür zuständig wären, dem Arbeitsmarkt nicht ausreichend zur Verfügung stehen.
By researching the influence of heuristics and biases on investment decisions and performance of investors in the exchange, this paper contributes to the field of behavioral finance. The paper adopts a generalized perspective on investors and markets in the exchange and provides insights into investors’ decision-making behavior that challenge the traditional assumption of perfectly rational market agents. Thus, it presents statistically significant evidence that investors may not resemble the concept of perfect rationality, as they use heuristics and comply with the prospect theory in investment decisions. Therefore, these decisions are shaped by systematic errors known as biases. The paper’s focus comprises the heuristics of availability, representativeness and anchoring and adjustment as well as the prospect theory. These psychological concepts are investigated for their impact on investment decisions and for subsequent effects on investors’ performances. The investment performance, for this purpose, is measured by investors’ returns. In addition, these psychological elements are studied comparatively to detect interrelations between them and to identify differences in the magnitude with which they influence investment decisions of distinct groups of investors. The paper involves an analysis of quantitative primary data collected by an international survey. Thus, a sample of 297 investors with different characteristics is analyzed. Although the study reveals that investors in the exchange behave according to the considered psychological elements in their investment decisions without differences between groups, it does not show that this entails performance-inhibiting consequences. However, a negative relationship between the investors’ age and their compliance with these elements is found.
This thesis is motivated by the possibility for individuals to diversify their saving methods to allow for more financial safety, by investing into company stocks. If chosen well, stock investments offer attractive returns and prospects, however this choice can be daunting, and assistance may be required. In the context of other options that assist in decision-making related to stock options, this research aims to design and implement a relational database, that offers a transparent overview of financial information of stocks, developed to assist individuals in making decisions for investments in the stock market. The database should also be maintainable. After the design, implementation, and enhancement of the database with data, the database was tested for functionality, maintainability, and transparency. Then, application examples were constructed to examine the usability of the concept to assist with decision-making, aiming to create consistent positive returns within the created portfolios. It was found that the database fulfilled all desired characteristics and produced positive returns in the application examples. However, the ability of creating consistent outcomes was not given. These results indicate that the database can be used to organize stock-related information, however, is not usable to assist with decision-making.
Global collaborations are becoming increasingly relevant in product projects. Therefore it is necessary to understand the different project management approaches on how global projects are carried out and what the differences are.
This bachelor thesis is a review of two project management manuals, which were designed by the company itself, on how project management at an internationally operating commercial vehicle manufacturer works with the focus being on time and risk management.
The aim of this thesis is to give recommended actions which improve the project steering, collaboration and the general approach in regards of time and risk management.
To achieve this goal a review of both project management manuals as well as expert interviews were carried out. Qualitative expert interviews were conducted with German- and English-speaking colleagues from different plant locations all around the world. Specifically, 12 questions included background knowledge and project work knowledge and were related to the two manuals, with the focus being on time and risk. The interviewees were required to be actively involved in at least one project and therefore have project work experience and thus are using one of the own project management manuals.
The answers of the interviews, as well as the current manuals contribute to the findings and based on the findings, it is recommended to create an example project for training purposes, to create a list of projects in order to divide the work, to use sprints or detailed planning, to focus on five top risks, to create a social intranet page dedicated to project management and to create a clear meeting plan in advance.
Moving places in cars impacts human activity daily. Therefore, living in a world without cars is inconceivable. While demand for cars exists, supply experiences shortcomings. Customers receive their vehicles with only one key or must deal with long delivery times. There is a correlation between the car industry, supply shortfalls and the current state of the world regarding COVID-19. The objectives of this research are examining how the semiconductor chip shortage affected sales and production of German car manufacturers and what strategic conclusions can be drawn for the future. To reach the objectives a quantitative theory analysis of existing literature was applied. The chosen car manufacturers are Audi AG, BMW AG, and Mercedes-Benz Group AG.
The results show that all objects to the research topic experienced a decline in production and sales. Further, that the semiconductor shortage, mainly anticipated by the pandemic, revealed the fragility of supply networks of the automotive industry. Different strategic attempts may cure supply chain management issues as such; however, it depends on the evaluation of the automotive industry whether this crisis carries a sustainable effect with its presence or not.
The aim of the thesis is to apply the theoretical ideas of the internal analysis and the blue ocean strategy to the case of Nintendo and their then newly released Wii console. In doing so the author will address the question about the success of a console that became a worldwide success despite its technical inferiority compared to its competitors based on the swift in the corporate strategy including the internal strengths of the company.
It will explain in detail how the internal analysis can be used to identify the strengths and weaknesses of a company which when combined with a specific business strategy, can lead to sustainable competitive advantage and the creation of a blue ocean.
For this purpose, the author uses the internal analysis tools of the value chain such as the VRIO framework as well as the blue ocean strategy derived by Kim and Mauborgne.
In the context of the Thesis I helped myself above all with the books of the creators of the models. In addition, from Internet sources and newspaper reports since one finds in the context of the investigation for consoles few technical literature.
During my application of the models I finally came to the conclusion that Nintendo has implemented the theoretical models in the best possible way and on the basis of these it is possible to follow the process of company restructuring. Moreover, through the theoretical models it was possible to validate the strengths and weaknesses of the company and to put them in context.
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.
Vor dem Hintergrund der Coronakrise als erster Bewährungsprobe des internationalen Rechnungslegungsstandards IFRS 9 nach dem Scheitern des Vorgängerstandards IAS 39 in der Finanzkrise wird in dieser Arbeit untersucht, inwiefern der neue Standard im Hinblick auf die Bildung der Risikovorsorge in Krisenzeiten erfolgreicher ist als sein Vorgänger. Dabei bezieht sich der Erfolg des IFRS 9 auf die Erfüllung der an ihn gestellten Anforderungen. So wird geprüft, inwiefern dessen Risikovorsorge eine geringere Prozyklizität aufweist als jene nach IAS 39. Darüber hinaus wird untersucht, ob in der Praxis eine zeitnahe Verlusterfassung bei der Bildung von Risikovorsorge erfolgt und ob IFRS 9 Transparenz gewährleisten kann. Dabei werden Finanzdaten von dreizehn Banken aus jeweils unterschiedlichen Ländern analysiert. Bei deren Auswertung werden zusätzlich die jeweilige länderspezifische Krisenbelastung und nicht-numerische Informationen der bankspezifischen Anhänge berücksichtigt. Es wird festgestellt, dass IFRS 9 in der Coronakrise insgesamt eine geringere Prozyklizität aufweist als IAS 39 in der Finanzkrise, wobei einzelne Ausnahmen wohl auf diskretionäres Bilanzierungsverhalten zurückzuführen sind. Darüber hinaus zeigt IFRS 9 in der Praxis eine überwiegend zeitnahe Verlusterfassung in der Krise, wobei eine verspätete Erfassung vermutlich dem jeweiligen Belastungsgrad der Krise geschuldet ist. In einigen Fällen scheint es jedoch zu Intransparenz in Form von etwaigen Diskrepanzen zwischen der jeweiligen Krisensituation und den vorgenommenen Risikovorsorgen durch die Ausübung von Ermessensspielräumen zu kommen. Somit kommt die Arbeit zu dem Schluss, dass IFRS 9 zwar die Grundlage für ein erfolgreicheres Krisenmanagement in der Coronakrise schafft, als es IAS 39 in der Finanzkrise gelungen ist, dieses allerdings nicht gewährleistet. Vielmehr ist es erforderlich, dass der Standard von den bilanzierenden Banken ordnungsgemäß und zielführend angewendet wird.
Die vorliegende Arbeit wurde mit dem Ziel erstellt, einen Einblick zu Auswirkungen von sieben verschiedenen Führungsstilen auf den Unternehmenserfolg zu gewinnen und festzustellen, ob es kulturelle Unterschiede gibt. In einem ersten Schritt wurden zum besseren Verständnis des Themas theoretische Konzepte vorgestellt. In einem zweiten Schritt wurde eine quantitative Studie durchgeführt, in der die Mitarbeitermotivation in Relation zu verschiedenen Führungsverhaltensmustern, -stilen und -eigenschaften gemessen wurde. Es zeigte sich, dass der transformationale, der demokratische, der charismatische und der transaktionale Führungsstil einen positiven Einfluss auf die Motivation, d. h. auf den Unternehmenserfolg, haben. Im Gegensatz dazu haben der autokratische, der bürokratische und der Laissez-faire Führungsstil einen negativen Einfluss auf den unternehmerischen Erfolg. Im Allgemeinen scheint sich vor allem der transformationale Führungsstil sehr positiv auf den Unternehmenserfolg auszuwirken, ebenso wie in geringerem Maße der demokratische und der charismatische Führungsstil. Dennoch können in verschiedenen Situationen, insbesondere bei Routineaufgaben, der transaktionale, autokratische oder bürokratische Führungsstil eine verbesserte Wirkung haben.
Was die kulturellen Unterschiede betrifft, so wurde festgestellt, dass insbesondere die asiatische Gruppe andere Vorstellungen von Führungsstilen und deren Auswirkungen auf die Motivation hat als die europäische oder lateinamerikanische Gruppe. Asiatische Teilnehmer bewerteten Führungsstile, die Mitbestimmung vorsehen, generell niedriger und Führungsstile, die keine Mitbestimmung vorsehen, höher als ihre europäischen oder lateinamerikanischen Kollegen. Aufgrund der geringen Anzahl nicht-deutscher Teilnehmer sind die Ergebnisse nicht übermäßig aussagekräftig, bieten aber einen Anreiz für weitere Forschung in diesem Bereich.
Artificial Intelligence is becoming an increasingly important part of everyday life and is considered a matter of course by many people. Since it can be assumed that artificial intelligence will play an increasingly central role in business in the future, this paper aims to investigate the intersection between AI and Digital Sales Technologies through a systematic literature review. This thesis identified 32 relevant articles through an extensive literature search in the databases Web of Science, ScienceDirect, and SpringerLink. Through the detailed analysis of these 32 articles, the following four topic clusters could be identified: “Application Layer, Social Layer, Challenges, and Futuristic Layer”. Based on these layers, the developed research questions were answered successfully, and the following conclusions were drawn: AI is already being used in Digital Sales Technologies in numerous ways, for instance through voice assistants like Alexa. In addition, various changes for consumers and salespeople were identified, that accompany the adoption of AI in Digital Sales Technologies. Furthermore, this thesis provides an answer to which challenges this integration brings and how AI will influence Digital Sales Technologies in the future. Finally, research gaps for future research are identified based on the collected findings from the literature review.
With the arrival of the Covid-19 pandemic and resulting lockdowns, the relevance of remote working has increased dramatically. The goal of this thesis is to answer the key question of what remote leadership looks like in German companies while also offering an outlook at the future of remote working.
In the first part of the paper, a literature review introduces the reader to current findings on digital transformation, leadership, remote working, remote leadership and the digital readiness of Germany.
In the second part, an interview study with ten leaders in German companies reveals how they think about and what suggestions they have on the remote leadership role, leading remotely, remote work as a concept, Germany as a place for remote working, future flexible working models and the influence of the Covid-19 pandemic.
The results of this study show that the most common remote leadership approaches in German organizations seem to be democratic and transformational. Furthermore, remote employees need more feedback and motivation than office-based employees. Working times of remote employees are controlled less strictly while results become even more important. Instead of being controllers and supervisors, remote leaders are often becoming team players. Lastly, hybrid remote working models are here to stay after the pandemic.
Future research on the topic could look at remote leadership from an employee perspective or survey larger participant groups about remote leadership to gain a broader view on the topic.
Die Welt verändert sich und mit ihr die Arbeitnehmer:innen auf dem Arbeitsmarkt. Noch nie gab es die Situation, dass vier Generationen gleichzeitig in der Arbeitswelt tätig sind. In dieser Bachelorarbeit wird jedoch ein besonderes Augenmerk auf die Generation Z gelegt, deren Werte und Bedürfnisse sich deutlich von denen der vorherigen Generationen unterscheiden. Viele Führungskräfte älterer Generationen, wie der Babyboomer-, X- und Y-Generation, sehen sich dadurch vor Herausforderungen gestellt, weshalb es das Ziel dieser Arbeit ist, Learnings und Best Practice-Beispiele für Führungskräfte in der Vertriebsregion 13 der Adolf Würth GmbH & Co. KG zu identifizieren, die ihnen helfen, die Mitarbeitende der Generation Z in Zukunft besser zu verstehen und ihre Führung gegebenenfalls zu verändern oder anzupassen. Mit Hilfe dieser Learnings und Best Practice-Beispiele sollen die Führungskräfte ihre Mitarbeitende der Generation Z besser verstehen, damit sich die Zusammenarbeit zwischen den Führungskräften und den jungen Verkäufer:innen verbessert.
Zur Beantwortung der Forschungsfrage und der Hypothese wurde eine qualitative Studie in der Vertriebsregion 13 durchgeführt. Die Studie zeigte, dass sich die Generation Z einen Führungsstil wünscht, bei dem Ziele gemeinsam definiert werden, gleichzeitig aber auch Raum für Selbstverwirklichung, Mitbestimmung und Mitgestaltung bleibt. Darüber hinaus müssen Führungskräfte ihr Verständnis und parallel dazu ihr Vertrauen gegenüber der Generation Z erweitern und verstehen, dass die neue junge Generation auf dem Arbeitsmarkt digitaler, globaler und zukunftsorientierter ist und durch Sinnhaftigkeit und vor allem immaterielle Werte motiviert wird. Jede Generation hat ihre eigenen Bedürfnisse und Perspektiven. Indem er diese aufgreift und die Perspektiven eines Teams miteinander verknüpft, kann die Führungskraft das Beste aus allen herausholen.
The current dashboard reporting of the Key Account Management of Adolf Würth GmbH & Co. KG indicates that management reporting in companies is still characterized by extensive manual effort, although various digitalization technologies offer possibilities to make reporting more efficient and effective. Therefore, this thesis deals with the digital transformation of controlling and primarily one of its central components - reporting. The main technologies available for reporting purposes will be identified by examining relevant literature. Regarding the manual dashboard reporting of the Key Account Management of Adolf Würth GmbH & Co.KG, requirements and recommendations for the conceptualization and implementation of a digital reporting will be described and summarized. It can be stated that the requirements differ from traditional reporting in many aspects, and it is recognizable that an interaction of different dashboard reporting elements is essential to establish a successful, digital reporting solution. As a result, it has been shown that an automated dashboard based on a BI-infrastructure has led to an enhancement in productivity and an extended information basis. Furthermore, it will be discussed that the challenges of new processes are driving controllers to extend their competence profiles.
Die Auswirkungen von Gender und Diversität auf die Arbeitswelt und wie Führungspositionen diese zum Vorteil nutzen können, haben in den letzten Jahren an Wichtigkeit gewonnen. Rechtliche Grundlagen bieten bereits eine Basis zur Entwicklung einer vielfältigen Gesellschaft und Arbeitswelt. Damit eine Führungskraft Diversity-Management bzw. Gender-Mainstreaming zielgerecht einsetzen kann, benötigt dies das grundlegende Verständnis über die Geschlechtervielfalt und die stark umstrittene gendergerechte Sprache. Unternehmen und dessen Führungskräfte müssen die Komplexität der Diversität verstehen, um mithilfe von Diversity-Management, Diskriminierung und Chancenungleichheit, wie dem Gender Pay Gap entgegenzuwirken. Der Wissensstand der Gesellschaft zum Thema Gender und Diversity in Bezug auf die Arbeitswelt wurde mittels eines standardisierten Fragebogens erstellt. Die Auswertung der Daten zeigt eine grundlegende Kenntnis der Teilnehmer und deren Arbeitgeber.