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The study seeks for empirical evidence supporting the presence of weak form ans semi-strong form efficiency on the Vietnamese stock market. The sample includes the daily closing value of VN-index from 9th April 2009 to 3rd of December 2014. The results from both parametric and non-parametric tests provide the evidence, which implies the weak form efficiency in the Vietnamese stock market during the recent period from 4th June 2012 to 3rd December 2014. This period is used for testing the semi-strong form efficiency on the Vietnamese stock market. The results from event study do not support the semi-strong form efficiency in the Vietnamese stock market. The empirical evidence shows a delayed reaction of nine pharmaceutical companies' stock prices toward the earnings, dividend, insider trading and regulatory announcements. The findings in this paper are crucial for investors, analysts, academicians, regulators and the development of the Vietnamese stock market.
Mergers and acquisitions (M&A) among internet companies increased rapidly during the last decade which was caused by the growing competition and changing consumer preferences. Many startup companies enter the market offering hit products and getting millions of users in a short period of time. Due to such quick success established internet players like Google, Twitter and Facebook tend to acquire these startups instead of developing their own R&D. Internet acquisitions are very risky and imply high premiums, therefore, their impact on the innovation performance is quite unclear in the short- and long-term perspective. There is a variety of factors that can affect the innovation performance of both acquiring and acquired companies after the M&A transaction. This thesis is aimed to analyse the impact of M&A on the innovation performance of internet companies taking into account recent acquisitions among social networking players. A case study about Facebook's acquisition of Instagram occurred in 2012 presents the main application for the thesis. Qualitative data for the research is taken from the articles that contain opinions of the industry experts which are then critically assessed using the main scientific concepts about M&A and innovation performance.
The aim of this thesis is to identify and investigate the meaning of customers’ expectations in the IT-industry explained by the example of introducing a new product and to develop a strategy how expectations can be managed in the IT-industry.
The first part of the thesis deals with the reasons and the general framework for the research and defines objectives and scope of the thesis.
In the second part, results of the literature and theories about expectations are presented. These show what previous research has found out and give an overview about different types of expectations and corresponding effects. The flowing part constitutes the case study as research instrument and how it can be used to generate results. With the help of a case study of a specific example of the IT-industry the meaning of expectations regarding new products will be highlighted. Additionally, it gives_a basis to develop a strategy to manage expectations in the IT-industry.
Afterwards the results of the literature review and the case study are combined into a usable strategy to manage expectations of new products in the IT-industry. The thesis illustrates the necessary steps of the strategy and gives an assessment of the results.
In conclusion, the thesis argues that expectation management is an essential step of influencing innovation to optimize business and gives instruction to identify, manage and influence customer’s expectations. Besides, this thesis addresses industries which are faced with the challenge of expectation management and offers an initial research about expectation management in the IT-industry. Furthermore, this thesis intends to provide a basic research to show the importance of expectation management and inspire following research.
Nowadays, big sport events such as Olympic Games are not only an exciting carnival for sports enthusiasts, but also a good opportunity for the host country/city to accelerate its economic development. After more than 40 years of development, Computable General Equilibrium has been proved to be a very powerful tool to analyze the impact of big sports events on host country/city. In this paper, 2008 Beijing Olympic Games will be used as the target case to study the impact on the economy. A Supply model and a demand model will be established according to CGE theory to describe the case. This paper is not focused on the detail but the whole picture of Beijing’s economy by analyzing the industrial structure changes under the influences of hosting the Olympic. Beijing’s industrial structure development will also be analyzed in this paper.
Due to the great cultural distance between Germany and Thailand, German leaders who work in Thailand may encounter several intercultural concerns. In order to effectively lead Thai employees, these leaders may need to behave differently from what they used to do in their home country in some aspects. Thus, this study examines the changing perception of leadership due to the effect of Thai culture form German managers who are working in German organizations in Thailand.
GLOBE project and its culturally endorsed leadership theory were the key literature explored in this study. To attain the outcomes, both quantitative and qualitative methods were employed. Twenty-three questionnaires were collected from German expatriate managers in German organizations in Thailand. While two in-depth interview were acquired from Thai employees who worked closely with German superiors.
The results confirm German managers greatly value inspirational and trustworthy attributes as well as avoid being tyrannical, tender and provocateur in order to work in German-Thai boundary. The leadership styles such as Charismatic/Value-Based or Transformational and Team-Oriented leadership also suit German leaders to work in Thai culture.
As waste generation increases, so are initiatives to recover products and recycling. A particular waste that has continuously grown is plastics. Since its introduction, it has provided practical implications to different industries; however, it has also negatively affected the environment by its disposal. The recycling of plastic has offered opportunities to conserve non-renewable fossil fuels, reduce energy consumption, and avoid waste. Many countries seek for a sustainable system to recover plastics such as PET bottles. Mexico’s high soft-drinks consumption had consequently increased the disposal of PET bottles. Mexico has developed a recycling industry of PET bottles by following a Shared Responsibility between government, industry and society. However, a lack of awareness and knowledge among the society about the importance to collect the bottles and to recycle them makes it imperative for the introduction of a system that could create a society that recycles more. Providing a description of the opportunities and challenges for a collection system in Mexico simplifies future chances of comprehending the direction and actions needed for increasing recycling activities in the country.
Before the eruption of the latest financial crisis in 2008, Social Responsible Investments were considered as not relevant within the financial market's spectrum, in fact, late 90`s academic literature argues that Social Responsible Investments worsen portfolio performance, seemingly a well established paradigm for almost thirty years. However, why the perception of financial markets about Social Responsible Investments is changing?
Given the controversy surrounding Social Responsible Investments, the current document has tested the performance of a selection of Social Responsible portfolios for the period (2007-2014). Results showed that performance is not diminished and Social Responsible portfolios do not perform significantly different from the benchmark market. Additionally, theory and results are replicated into an interactive business game that aims to discover Social Investment profiles for users and highlight the importance of Social Responsible Investment in financial markets making the current document a combination of financial theory with the design of practical game fully playable.
Non-R&D-intensive firms and industries play and continue to play an important role in the German manufacturing industry, as their 41% share of value added in 2007 indicates. Nonetheless, non-R&D-intensive SMEs especially need to ready themselves for a future shaped by a continuously increasing internationalization of competition, rising knowledge intensity and complexity and an impairing job market situation due to demographic changes. Non-R&D-intensive SMEs are therefore more than ever required to boost the effective and efficient exploitation of firm-specific resources and competences in order to generate, secure or enhance competitive advantages. As studies however show, existing strategic competence management concepts are currently implemented rather by large firms. In addition to small firm size, low R&D intensity effects staff setup, innovation behavior, generation and use of knowledge and competitive market behavior which further negatively influence a firm's possibilities and propensity to implement these strategic competence management concepts. In a first step into this field of study, this master thesis aims to identify and analyze specific characteristics facilitating or discouraging an implementation of strategic competence development processes in non-R&D-intensive SMEs in the form of requirements, drivers and barriers. A literature review addressing the particularities of non-R&D-intensive SMEs and the attributes of current strategic competence management concepts discouraging an implementation of strategic competence development builds the foundation for nine guided interviews of explorative nature involving four non-R&D-intensive SMEs conducted to acquire qualitative empirical data to complement the theoretical findings. A total of 22 specific characteristics, i.e. eleven requirements as well as six drivers and five barriers, facilitating or discouraging an implementation of strategic competence development in non-R&D-intensive SMEs were identified after forging the bridge between theoretical and empirical findings.
In the last 30 years academics were exploring the field of ethical consumption and identified an attitude - behavior gap in the decision making process. Since then diverse studies have been implemented to understand ethical consumers' attitudes, motives and behavior. Parallel to the academic research being developed, there had been an increasing interest from the consumer side in behaving and consuming more ethically. Particularly, consumers have inclined their ethical purchases towards fair trade products. The present exploratory research implemented a quantitative metaphoric method called Zaltman Elicitation Metaphoric Technique (ZMET) to further contribute in the literature of ethical and fair trade consumption. The ZMET in-depth interviews were carried out with 10 German fair trade food consumers during the months of February and March in 2015. The results revealed a connection between participants' feelings, emotions, personal values and fair trade food consumption; likewise the research identified an association of fair trade to sustainability.
This thesis aims to find out what are the career related self-perceptions of female researchers and scientist working or studying in the biomedical field in Finland and Germany. The literature research, statistics and empirical evidence collected by in-depth interviews are used to enlighten the cultural differences, environmental influencers and importance of self-esteem in career development. These in-depth interviews are arranged as individual narratives, which are then further analyzed in the data part. The main findings in the paper point out, that the support from the system provides better chances for women in Finland to combine family and the career, but many of the challenges are still rising form the lack of self-confidence and the tendency to avoid self-promotion. The both sides of working in the industry versus academy are as well looked into. Suggestions for new policies include better information for academics about employment possibilities in industrial the sector, positive role models who especially encourage women to combine work and family, and feedback and coaching in order to motivate women.
The field of entrepreneurship and its framework, the entrepreneurial opportunity process, are still young and maturing research areas that receive increasing attention from numerous authors in their academic reviews. While some researchers focus on the generic entrepreneurial opportunity process in order to gain additional insights into the phenomenon, others examine one of the entrepreneurial directions, such as social entrepreneurship or commercial entrepreneurship more closely. So far, a dichotomous approach towards the two types of entrepreneurship has been postulated by contemporary researchers that distinguishes them as two varying approaches.
This master thesis comprises both entrepreneurial directions and investigates their course throughout the entrepreneurial opportunity process, including the nature of the opportunities, their discovery and the decision to exploit an opportunity. The aim is to get a broader picture of the phenomenon of social and commercial entrepreneurship, its differences and similarities throughout the process and thus, examine the dominant dichotomous approach.
Primary and secondary data is gathered from case studies and interviews with entrepreneurs and derived from the information obtained, as well as from existing literature. Seven propositions are postulated that indicate possible differences and similarities regarding the two entrepreneurial approaches. Based on the findings from the testing of the propositions, this research paper concludes that the concepts of social and commercial entrepreneurship hold certain differences, Nevertheless, similarities are prevailing so that a dichotomous approach cannot be supported. The entrepreneurial directions can be displayed on a continuum rather than on extreme ends.
Finally, in order to provide possible future research objectives, an outlook section, containing a critical view on the tie between the entrepreneur and the opportunity is enclosed. It is suggested that the entrepreneur-opportunity nexus is much stronger in the social entrepreneurial context than in the commercial entrepreneurial context.
The Syrian Refugee Crisis in Germany has been lately a constant research topic in many fields; politics, economics, cultural, social and safety aspects etc. popping up in all the news worldwide. Everybody is concerned about it and tackling it from a different point of view. Some believe that it a mutual benefit to both the country (Germany) and the refugees. As Germany benefits a lot form the cheap labor of migrant workers in the different industries. Specially the fast growing industries like the rural ones. Others fear that they will weaken the German culture and economy. And that they are burdens on the national people and will cause many problems.
In this paper two aspects of the challenges facing the Syrian refugees in Germany are discussed: the first is their integration and acculturation with the German society and the second is the challenges facing the refugees in entering the German labor market and case studies of Syrian entrepreneurs who developed their own family businesses in Germany are presented. The interviews were held with Syrian refugees in the state of Baden-Württemberg in 2015/2016 in Arabic language. The groups that were interviewed were in Villingen-Schwenningen and Stuttgart. An analysis of the cases presented along with the findings of the surveys and interviews are presented and finally some recommendations are suggested.
This study examines growth adventure of Turkey and South Korea that both tried to narrow the economical gap between them and developed countries. Although Turkey was in a better situation than South Korea in the beginning of their convergence experience, and they had similar growth and development levels at the end of 1950s, South Korea outperformed Turkey in almost every economic indicator and realized an economic miracle in a very short time. As South Korea is one of developed countries now and Turkey is still in the league of developing countries trying to be a developed one, South Korea model, is worth to be analyzed in detail. In this paper, the similarities and differences in South Korea’s and Turkey’s economic history, the comparison of their long term growth performance and the reasons why Turkey could not accomplish what South Korea did in the similar period of time, were put together in order to find answers to question of applicability of South Korean economic miracle to other economies, along with the question whether it was indeed a miracle. While comparing two countries, existing literature and similar studies were scanned. With the help of both qualitative and quantitative historical data, common issues of comparison, namely policies, international trade, education and innovation, were selected and these issues were analyzed deeper. In the last part of the study, a simple econometric model was built by using OLS regression, in order to see if the presented ideas could be supported with econometric approach. Although model did not provide enough information about reasons of growth in South Korean economy, the findings confirmed the problems of Turkish economy and success of South Korean economy. This study is a contribution to a broader understanding of comparison of two economies, which is an issue that attracts attention of several related people, especially in Turkey.
This research is aimed at analyzing social media patterns of consumers in Russia and in Germany, and social media strategy of automakers. The purpose of the paper is to observe social media presence of three major car manufacturing companies and see what the social media preferences of consumers are during purchasing journey. Furthermore, the results include comparison between Russia and Germany as well as social media best practices of automakers. For this, data was collected from a random sample of people in Russia and in Germany through online questionnaire. After that an analysis of secondary data on social media presence of automakers was done. A total of 650 people participated in the online questionnaire. The data was analyzed for each country and compared with each other. The results revealed that there are a lot of similarities in social media usage. However, existing differences are very drastic and needed to be considered by companies when it comes to establishing a social media strategy in a specific country. Furthermore, selected car manufacturing companies have a relatively strong social media presence but are different among each other with some gaps that can be improved.
Entering a foreign market usually deals with different cultures and different values. Therefore, any company, which wants to expand abroad, has to understand the culture and their future customers. Markets are people says an old marketing paradigm. People shape the market according to their demand on the certain market. Culture is the main factor influencing the consumer behavior. Therefore, in this study we will consider closer the cultural differences between US, UK and Germany in order to understand the differences in behavior of consumers of grocery retail market. Comparison of the cultures will be done based on the Hofstedes’ dimensions of national culture.
Further, we will analyze the predisposition of these national cultures towards consumer ethnocentrism (CE) based on previous studies’ findings. These comparisons will give us an understanding of three cultures and which of those cultures influences its consumers purchase motives in favor domestic products. Additionally we will compare consumers’ attitude in three countries based on the current trend of sustainable and ecologically friendly products.
Finally, in two case studies, we will look closer at successful operation of German retailers in UK and US. Successful operation of American retailer Walmart in UK and failure of Walmart in UK. We will look at interrelation of the cultures with the foreign market entries of studied retailers. In the end, better understanding of these cultures will help to recognize why Walmart failed in Germany and succeeded in UK. The main assumption, that Germans avoid shopping in foreign stores will be either supported or denied based on the findings. However, this is a qualitative research based on secondary data, therefore limitations and suggestions for future researches will be described at the end.
In this master thesis a marketing strategy of a launch and expansion on the global medical devices market of a new product (AED NG) by a German middle-size enterprise Metrax GmbH is developed. In order to exploit growth opportunities three levels are investigated – internal situation of the manufacturer, competitive landscape and global AEDs market. Analyses of the company and its competitors reveal current market situation and position of the company on it. Various methods of used strategic analyses (PEST, Porter’s Five Forves, SWOT, interviews conduction with competitors, distributors, and employees of Metrax etc.) enable to create a strategy canvas of AEDs market in accordance to “Blue Ocean Strategy” framework and to formulate main propositions of the strategy concerning product. Research of special features of regional markets enables to define the most lucrative and perspective markets to expand for Metrax. After defining and proving growth opportunities assessment of risks and requirements necessary for implementation is made. Finally, an outline of strategic propositions and main milestones for their implementation are summarized into the concluding part.
Small and Medium Enterprises (SMEs) have become a driver motor of economies. Moreover, in developed countries, the manufacturing SMEs play an important role in the value creation and employment generation.O'regan et al. (2006) presents that constant innovation is a key component to maintain a sustainable competitive advantage. Raymond et al. (2010) claims that particular manufacturing SMEs should continuously improve their manufacturing processes in order to ensure long term sustainability. However, given the lack of resources and experience, SMEs find it difficult converting research and development into effective innovation (O’regan et al., 2006). Researchers have explained why certain firms innovate more than others by identifying a number of critical success factors or drivers of innovation such as strategy, social capital (Balachandra and Friar, 1997) or R&D (Becheikh et al., 2006a, Raymond et al.2010). The literature on the topic is diverse, there are different approaches and there is not a consensus on how those success factors can be measured. Therefore, the present thesis develops a meta-analysis study of the empirical research on the drives of innovation in manufacturing SMEs of developed countries. The result is a consolidated framework of the success factors and its measurements proposed by 49 authors, those were organized in the different phases of a holistic innovation process. The process considered was presented by Tidd and Bessant (2005). In consequence, the contribution of the present thesis is to serve as a starting point for future studies on drivers of innovation and its measurements, also, to serve as reference for future researchers that will develop a meta-analysis study.
This research aims to study transactional cost and organizational change management in a pharmaceutical company that had gone through the SSC implementation process through different regions, including Latin America. Eli Lilly SSC in Latin America is located in Mexico and was aimed to centralize standard routines and administrative transactions related to finance and accounting back office services for the entire region. In implementing changes of this magnitude, it is necessary to be prepared to encounter the transaction costs related to this strategic decision and for the internal resistance applied in organizational change process. In this sense, this research aims to study what are the main challenges and transaction costs involving a process of re-structuring the organization to the SSC business model, especially in Latin America. Taking as a base the change resistance elements mentioned by Burns and Scapens (2000) and transaction costs theory basis by Williamson (1981). The SSC, a relatively recent business model and a trend between multinational organizations, was implemented in Lilly across 4 different regions to support over 70 countries in all continents. Latin America the last region to be implemented had a proposed migration schedule within less than one year. The findings show that the main resistance to the existing process is related to lack of competence/information and attachment to control and existing routines. In addition, the transaction costs are closely related to the dimensions of asset specificity and uncertainty. We must consider that the lack of a formal change management strategy, within the LATAM region, was a risky move and had impacted the implementation process and stabilization period results. The chronogram had also to be changed due to unexpected details in the region. Latin America was more complex than expected due to the differences in regulations and culture between countries, also expressed a non-verbal resistance that was probably expressed through the lack of commitment of some personnel. The results of this research raise inputs to the next researchers and bring elements to be considered by organizations when implementing the SSC business model. It is useful to direct actions and strategies to control de change impact and possible transaction costs. Additionally, through the research we filled the purpose to build an overview on shared services model and discuss the main points that should be considered when taking into consideration to re-structure the business with this model, characterized as a centralization of services that are provided from one single point to multiple business units in order to avoid activities duplication, optimizing resources through the integration of technology, people and standardized processes (Deliotte, 2007).
Highlighted as a promising field that targets cost related problems and high research costs, the concept of Lean Management is applied in the biotechnology sector. Specifically, the thesis aims to develop and test a Lean Management implementation model suitable for biotechnological research laboratories. Using multiple mixed methods, a deductive case study approach is taken to investigate requirements for an improvement model. The use of observations and interviews deliver findings which enable the comprehension of the implementation environment. The review of academic literature provided the basis to conceptualize, develop and test a new model, called Biotechnological Laboratory Implementation Model or BLIM. Overall, the results of the implementation can be described as successful since the BLIM meets all requirements fully or with minor restrictions. Effects of the Lean Management implementation are positive and promise to deal with the mentioned cost related problems and high research costs. The findings of this thesis challenge preexisting views on the argument that the success of Lean Management models is subject to the individual characteristics of the organization. As the newly developed BLIM is separated into structured and agile implementation phases, this joint characteristic represents a contribution to research in the field of Lean Management implementations as such and proposes further areas to be researched on.
Scenario Planning: How is big data going to influence the future of smart mobility in Germany?
(2016)
Smart mobility is the future of transportation services in Germany. The implementation and management of smart mobility is impossible without using big data. At the present time,the analysis of big data in Germany is not fully implemented due to existing challenges. The purpose of this research project is to forecast the impact of big data on smart mobility in Germany with the use of scenario planning. In order to receive the most actual scenarios, the input factors were designed in accordance with extensive literature research, and then ratios between all specifications of input factors were compared and evaluated. Thus four unique scenarios were selected for further detailed interpretation to suggest possible influences of big data on smart mobility in Germany
Aim: The research aims at contributing to the growing number of studies on banking performance by investigating empirically the effect of changes in the macroeconomic conditions on bank profitability in Europe for the period 1980-2009. For this purpose, data for banking systems of eight European countries on an aggregate national level are included in the analysis: Germany, France, Austria, Norway, Netherland, United Kingdom (UK), Spain and Italy. In addition to this, two measures are used to represent the bank profitability: net interest income (NII) and return on assets (ROA).
Methods: Panel regression models at three levels are deployed in order to estimate empirically the effect of the macroeconomic indicators on bank performance in Europa: individual estimations on a country level, cross-country estimations on a group level for Northern and Southern Europe and finally overall cross-country estimation on a European level.
Results: The estimation results suggest that macroeconomic conditions are able to explain most of the variation of the banks’ net interest income in European countries, as well as part of the variation of banks’ ROA. Additionally, they clearly indicate that GDP growth rate is the most significant factor influencing bank performance in Europe on all three levels of the model. The effect of the inflation rate is also considered for strongly significant and positive while the effect of the other macroeconomic variables included in this research is different and cannot be generalized probably as a result of the heterogeneity among European countries. Surprisingly, the results did not indicate any significant difference between Norther and Southern Europe, regarding the effect of the macroeconomic conditions on bank performance.
In this paper, I analyze the position of Indonesia current account during thirty five years from 1980 to 2015. The main findings may be summarized as follows:
(a)The movement of Indonesia CA position which interrelated mainly by the transaction of goods and services, and Ind IIP which interrelated to the getting indebtedness of the country.
(b)Indonesia as an open economy, for running CA position is determined by driving forces in macroeconomic scale, such as saving and investment, financial balance, real exchange rate, and trade balance. Indonesia recently is now more open to the free capital without strong foundation of financial system and human resources, so Indonesia suffers from the competitiveness problem.
In this paper, author was unable to find some data and interpretation. From policy recommendation, author strongly suggests government for some long-term policies.
2016 marks the 56th anniversary of the oil cartel: OPEC. It managed to increase prices in 1972. In doing so, it behaved in a manner consistent with a cartel, bringing about a wave of studies on it. This study provides an overview of Organization of Oil Exporting Countries (OPEC)’s cartel behavior form 1980 to 2014/5, from five different perspectives. These perspectives, although have been studies individually, but never holistically.
This study grounds the research questions into the structure-conduct-performance paradigm for each of the five perspectives of cartel behavior. Each perspective is also backed by a theory of its own. The first perspective is that of the neo-classical theory of the firm, in that OPEC is deemed to be created for the purpose of creating profits for its members. The second perspective looks at whether or not OPEC is internally and externally stable by looking at economic and non-economic influences on the organization. The third perspective makes use of the theory of market contestability, in oder to determine which member in the cartel has had and still holds most influence within the cartel. The fourth perspective looks at entry and exit trends from OPEC, to determine what impact it has on the incumbent profits and that of the defectors. The fifth perspective uses the concept of black swan from the strategic management literature to discuss whether or not OPEC will dissolve in the next fifty years and whether this will bring about a golden or a black swan.
The methodology prevalent throughout the study is a case study analysis of the OPEC cartel behavior, however, two of the chapters also run a regression analysis (chapters 3 and 4), using variables identified from the structure-conduct-performance paradigm. The second and the third provide a descriptive overview via line graphs, while the last uses the methodology of observation.
It has been found that OPEC has earned abnormal profits which steadily increased, Saudi Arabia has been instrumental in managing quotas, and importance of each country is determined by the output it produced from one year to the next. In addition, economic influences are more important than the non-economic influences for OPEC's viability as a cartel, exit from OPEC is not advisable for the defector nor the incumbent firms and the cartel is not internally stable as barriers to entry are low and members can easily defect and can rejoin the cartel. Lastly, OPEC’s influence in the oil market is waning fast, which might lead to a black swan event.
Organizational Development is a relatively newer concept in the corporate world. This concept continues to being explored by researches due its growing importance and fascination results. Many organizations strive to establish a competitive edge by the evolution and differentiation in not only the OD interventions but also in handling their effects. Due to its intriguing nature, it has been the focal point of this study/research.
Scope of this research is to explore the perceptions of employees, which are created over a course of time about certain dimensions related to Organizational development interventions in the telecommunication sector of Pakistan. Firstly Literature Review has been conducted to find out existing theory that has been explored and created over decades by past research about the OD interventions and also how the perceptions of employees/individuals are mapped with reference to Organizational Development and how it impacts their acceptance of these interventions. Secondly short interviews from the management (Directors/Heads of Organizational Development) of the key players of the telecommunication sector have been conducted to unfold the hidden issues, objectives, initiatives taken and hurdles faced by these players and hence has provided with certain issues on which substantial and extensive research has yet not been done. With the help of these interviews common objectives and common hurdles during OD implementation have also been identified among key telecommunication player of Pakistan. To limit the scope of the thesis, Acceptance of OD has been taken as the dependent variable while Perceptions of Organizational Development (Level of Uncertainty, Feelings about OD interventions, Opportunities for Growth & Development and Opportunities to Participate) were identified to be the independent variables with the help of literature review.
This study attempts to explore how the different dimensions of perceptions of Organizational Development exist amongst the employees of the telecommunication sector of Pakistan and how the negative/positive perceptions impact the acceptance level of these OD interventions. Semi-structured interviews were conducted from 20 employees (Five from each organization) from the four major players of the telecommunication sector of Pakistan namely Warid, Telenor, Mobilink, and Ufone.
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 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.
Digitalization is invading every aspect of our lives and modern technologies are at the helm of much disruptive change in all spheres of life. Hailed as the 4th industrial revolution every company has a mind to understand the implications of the Industry 4.0 suit of technologies and their multiple innovative applications for its operations. In this paper, we explore how the industry 4.0 transformation might affect Small and Medium sized
enterprises in Germany over a 15-year horizon. We focus on SMEs because they play a significant role in ensuring the prosperity of Germany as a global industrial and economic
powerhouse. We develop alternative pictures of the possible futures using the foresight technique of Scenario planning in which the factors that shape the business environment
SMEs and indeed all companies operate in are identified and used to build the most plausible alternative realities. The outcome is four distinct scenarios that reflect the possible growth trajectories regarding the impending transformation for SMEs.
Due to the increased complexity in advertising and branding, a shift towards a greater use of emotional branding can be observed. In this context music, especially sogos and jingles, are one of the main elements, which seem to allow organizations to reinforce the transmitted brand image towards the consumers. However, so far no guidelines have been developed, which musical components should be included in the jingle to transmit certain emotions and brand images. The following study examines the fit between 11 brand jingles and the corresponding television commercials and analyses how well the jingles represent the actual and targeted brand image. With the help of a quantitative online survey with 170 participants it could be shown that jingles are indeed powerful tools to transmit certain emotions and the connected brand images. Furthermore, several guidelines for the creation of jingles could be developed in order to create and implement these short and catchy tunes as an extension of the visual advertisement.
This thesis has the purpose to investigate the oil price as the global economic factor but also to examine its implications on the worldwide economy. Thereby the determinants of the oil price are investigated by tackling the oil price itself from three different perspectives – the supply and demand framework, the prevailing world oil market structure as well as from the perspective of already statistically proven oil price determinants. In addition, the arising macroeconomic implications of oil price fluctuations on oil-importing and oil-exporting countries are examined. The investigation based on a thought experiment demonstrates the supply and demand framework to be unable to fully explain all past price changes. The examination on the prevailing market structure identifies the world oil market to be best described as a supply, pure, closed, partial and collusive form of an oligopoly. Analyzing the competitive behavior of the world oil market on three levels identifies non-OPEC producers’ competition to behave in a Cournot manner whereas among OPEC producers Saudi Arabia is identified to be a Stackelberg-follower with certain conditions while at the same time permanently bearing the ambition to become the Stackelberg-leader. The identification on the best describing oligopoly model for the overall industry is inconclusive. Investigating OPEC’s cartel hypothesis does not fully exclude its collusive behavior but denies the OPEC to be described as a prime example of a cartel. The examination of already existing econometric analyses identified a total of 13 determinants to play a key role in the oil price definition process. Investigating the arising macroeconomic implications of oil price fluctuations show oil price changes to be of great importance for the overall economic performance and is best described as a form of a positive of negative vicious circle in which the interconnected second or even third round effects intensify the implications on the macroeconomic activity.
This thesis investigates the effect choice options in e-commerce applications have on consumers’ decision making. Previous research showed that a large number of options
can affect consumers negatively. However, the conditions for such choice overload are unclear. After reviewing the existing research, the amount of information (entropy)
contained in a choice set and individual differences were determined as possible influencing factors in an online environment. In a choice experiment, choice sets with
varying information loads and an assessment of the Big Five personality traits were used to test the impact of the two identified factors on choice avoidance behavior. Results from chi-square-tests and a logistic regression model suggest choice overload but without entropy having an effect. A logistic regression model revealed that extraverted consumers are easier overloaded. A low Neuroticism score was found to be related to less occurrence of a too-much-choice-effect. Consumers with a high Openness score on the other hand choose one of the presented options more often and were therefore less often
overwhelmed by the assortment. An interaction effect between personality and the amount of entropy was not found. These findings extend the research on choice overload and offer valuable input for marketers targeting consumers online.
Social Innovations in the extended Lake Constance area – an overview of the current activities
(2018)
In recent years the importance of social innovation for societies is rising. Therefore, the European Union realized, that political goals can be successfully achieved through social innovations.1 The concept is offering solutions for social challenges broadly based and in a variety of different fields Thus, the focus of this paper will be to identify social innovation activities in the Lake Constance area and the problems which are being solved through those activities. It will therefore provide a quantitative analysis of the identified projects including the main idea of the activity as well as information about the innovators. The key outcomes of this paper are, that social innovators are mainly focusing on current political challenges such as the refugee crisis. Problems which the society is already facing for a longer period of time, are less focused. It could further be identified, that the majority of social innovators are students or graduates. Also, most of the activities have their origin in bigger cities such as Stuttgart, Karlsruhe or Heidelberg.
Vehicles powered by electricity are the future of mobility in Germany. At the present
time, electromobility is rather hesitantly implemented in Germany, particularly due to
concerns regarding charging infrastructure and battery power/technology.
The purpose of this research project is to forecast – by using scenario planning techniques - how electromobility will influence the way we move in Germany by 2035. The outcome are three distinct scenarios that reflect the possible shift towards E-Mobility in Germany, especially taking into consideration the charging infrastructure, different battery technology and type of electric vehicle. In order to generate scientifically significant scenarios, input factors (Descriptors) were designed in accordance with the newest research findings from literature. Additionally, special ratios between all possible manifestations of input factors were defined, compared and evaluated.
The relation between Frugal Innovation and Sustainability is a widely discussed topic in current academic literature. To assess the correlation between these two concepts, a sample of the most frequently mentioned Frugal Innovations was selected. The criteria to evaluate the sustainability potential for each of these cases was built upon the UN Sustainable Development Goals, a global reference indicator. Frugal Innovations among the banking, transport, energy, ICT, water, appliances and healthcare sectors were evaluated. The results suggested a positive contribution and impact of Frugal Innovations towards economic, social and environmental development.
How will the future of business schools in Germany look like in 2035? Scenario Planning with INKA 4
(2019)
Business schools have been largely successful in attracting students and producing publications in the last few decades. Nevertheless, this success has raised several concerns. With many variables influencing business schools, it is useful to predict how the future of business schools might look like. Hence, this paper aims to detect current trends in order to forecast and examine the future of German business schools by the year 2035. With the help of the scenario software INKA 4, future scenarios were generated. In order to develop these scenarios, various areas of influence, e.g. Environment, Supply, Demand, Pedagogy, and Technology were identified and conceptualized with regard to current research and literature. The final result consists of four distinct scenarios, which reflect the potential pathway of German business schools in the future.
The phenomenon of social innovation is becoming an increasingly important topic with an increasing number of people implementing different types of social innovation projects. So far, little research has been carried out to understand the structure of the projects and the characteristics of the entrepreneurs and initiators behind. This study aims to close this gap by analyzing 80 social innovation projects in the fields of housing, poverty, immigration and environment as well as by examining 117 founders behind these projects. The main results suggest that the projects are clustered around the metropolitan areas of Berlin, Munich and Stuttgart and tend to be founded relatively recently. No clear tendencies and distinctive characteristics in terms of financing and organization could be observed. The social entrepreneurs tend to be of a younger age and most notably, an overwhelming majority are academics holding at least a bachelor’s degree and even more frequently a master’s degree. Generally, some field-specific differences could as well be observed, such as more engineers being active in the field of environment and more individuals with a social sciences background being active in the poverty sector. However, the findings of this study should not be generalized to the entire social innovation scene in Germany and to all its social entrepreneurs.
The aim of this study consists oftwo main objectives: First,to investigatethe penetration and preferences of fintech solutions from the payments sector within the studied population, as well as the elaboration of a forecast for the upcoming years.Second, to examinethe main elements that influence the intention of young customers when deciding to adopt fintech-basedpayment solutions. Existing research has tested several factorsfrom which the variables of trust, transaction efficiency and ease of use are included onthis paper. Additionally,the value-added propositionfrom this studyis represented by the incorporation of sustainability-related purposes into thisanalysiswith the intention of reflecting the increasing presence of efforts to integrate this component within thefinancial industryin recent years.A research model is proposed and tested by including elements based on theTechnology Adoption Model (TAM). By exploring the results of primary data through asurvey with 463 responses from university studentsandexamining secondary sourcesof information, the findings of this study demonstratethat all four tested variables have a positive impact on the intention of using fintech-based payment solutions.Sustainability-related purposes do not play a major role in the decision of using these apps, however, even with a minimal influence, theeffect on intention is positiveand statistically significant. The findings of this study pose important implications for stakeholders within the fintech spectrum whose purposes are related to increasing the intention of young consumers towards using these productsandto provide enoughevidence of the importance of designing incentives that fuel sustainability stewardshipwithin the financial sector.
Entrepreneurship is being characterized by innovation and change. An entrepreneurial mindset possesses the ability to simplify business operation processes and consumer products as well as improving service features. Furthermore, entrepreneurship does not only result in economic growth and prosperity, it also accelerates and promotes research and development.
The economy as well as individuals benefit from such innovative inventiveness. Many governmental departments recognize the positive and advantageous effects and therefore want to support and stimulate entrepreneurial activities right from the outset. Therefore, governmental authorities introduced a numerous of different funding pro-grams in recent years, specifically designed for young entrepreneurs.
To enhance start-up activities and to increase the overall entrepreneurial spirit in Ger-many, universities need to expand their educational framework by one component, namely the Third Mission. Hence, universities are not only responsible to promote ed-ucation and research, but also to create an entrepreneurial culture as well as anchoring it in the educational system. The objective is to support and expedite entrepreneurship from its very beginning.
This paper aims to analyze current entrepreneurial business activities, specifically at German universities. Moreover, key success factors, for instance, state subsidy pro-grams as well as business cooperation’s will be presented and analyzed. Hence, the essential objective of this paper is to find appropriate and successful entrepreneurial approaches which are feasible at the Hochschule Furtwangen University.
Population growth, urbanization and climate change are regarded as the megatrends of today's society. This goes hand in hand with a high consumption of resources and pollution. Indeed, these megatrends are mutually reinforcing. A significant part of this is due to mobility in daily life. Technological change such as digitalization, creates innovative concepts to improve mobility and to deal with these changing circumstances. A comprehensive concept in this respect is mobility as a service. This thesis focuses on the identification of the mobility ecosystem and thus on the various stakeholders. First of all, it deals with the definition of mobility as a service in order to identify the ecosystem in particular in the second step. Mobility is classified and analyzed by working on the basis of secondary literature and a quantitative as well as qualitative methodology in expert interviews. This allows conclusions about the relationships, prerequisites and obstacles within the ecosystem and stakeholders.
The results of the thesis suggest that collaboration within the ecosystem is a prerequisite for the implementation of mobility as a service. Furthermore, that mobility as a service should ensure adaptability, since local infrastructures differ between Germany, USA and China, but also within these countries. This adaption process is iterative. The obstacles are interoperability and the willingness to cooperate. Moreover, the results imply that mobility as a service will assert itself more quickly in urban areas due to factors such as the pressure to act and the availability of mobility services as well as the number of customers.
The notion of frugal innovation or how to do more with less becomes increasingly relevant in a world which faces many severe health care challenges. In general, frugal innovations have the potential to provide low-cost, simple, and valuable solutions to these challenges. Therefore, this research aims to shed light on key success factors and patterns of frugal innovations in the Indian health care sector. For this reason, the research analyzes a sample of nine selected frugal innovations. The frugal innovation examples are examined with respect to their innovation characteristics. Further, the examination of success patterns allows to investigate the potential of reversed innovation in developed countries in order to improve global health. To sum up, the research provides profound insights on the subject of frugal innovations and conclusions on the research questions. Finally, an outlook on future developments in the health care sector and future research are given.
Iraq offers the two extremes: It is extremely rich on everything from history, people, water, culture and natural resources, and it is extremely instable. Both factors offer the perfect working atmosphere for someone loving risk, challenging danger and wanting to change something on big scale. Having the comfort of living in Germany and writing my Thesis, it allowed me to analyze the following research question: “Is working in Iraq, despite the circumstances, possible?” The answer to this question cannot be black and white. It needs a 360 degree analysis including the political situation, the legal situation, the security situation and many other factors that influence “working in Iraq”.
This Bachelor Thesis therefore moves from broad to specific. First, Iraq is being split up and the specific parts are being described. This serves the intention to clarify how difficult the situation in Iraq is. Then, an outlook on the coming months is given according to my own opinion. Going from Iraq to Italy and back intensifies the view on what was done elsewhere to overcome the “postwar status” and tries to find parallels. Going from broad to specific, the example of a planned German Bakery Shop in Nasiriya allows measuring the ability to work in Iraq on a real example. Therefore, the a Business Plan was conducted. In order to understand if such Business Plan can be applied, interviews were conducted. The interviewees are Samer and Hadeel, a restaurant owner in Nasiriya and a lawyer in Baghdad and Amman (Jordan). 19 questions were asked, summing up the issues discussed in the Bachelor Thesis and giving a clear picture what someone has to deal with when working in Iraq. The result is that working in Iraq as a German graduate is possible.
Concluding, working anywhere around the world is possible as long as someone prepares sufficiently. Personally I decided against opening a German Bakery Shop in Iraq because of several reasons which have nothing to do with the possibility of working in Iraq or not.
The current master thesis makes an effort to investigate relationships between perceived service quality, membership satisfaction, and membership loyalty at “Gesellschaft für technische Kommunikation – tekom Deutschland e.V.”, applying adjusted SERVQUAL model. To attain the formulated objectives in scope of the current research, the “Satisfaction – Profit Chain” model is applied, consisting of “Attribute Performance”, represented by SERVQUAL service quality dimensions supposed to serve as antecedent of the second component of the chain “Membership Satisfaction”, and “Membership Loyalty” in order to investigate relations between these three. The findings of the study are supposed to serve as a basis for altering the existing CRM Strategy in order to eliminate current issues within the association, develop strategic marketing capabilities, and create value for members’ attraction and retention.
Entrepreneurship research faces a crossroads and a new approach is needed to better understand entrepreneurial behavior. Incorporating neuroscience to comprehend the entrepreneurial mindset seems promising. Nevertheless, the potential of neuroscience for entrepreneurship research is only slowly being realized. Based on an extensive literature review, this thesis examines the emerging role of neuroscience with respect to entrepreneurship. Referring to the model of the entrepreneurial process, this thesis investigates how entrepreneurs discover, exploit, and finally capture opportunities. In this context, explanations regarding trait, expertise, adaptation, and mindset of the entrepreneur are relevant for further examination. Moreover, decision-making in uncertain situations is analyzed. In this context, the dynamic interplay between the reflective and reflexive system is considered. Ultimately, this thesis provides recommendations for organizational innovation to enhance entrepreneurial
activity.
Over the past few decades, there has been an increasing amount of academic literature recognizing the significance of innovation systems. Entrepreneurship is an important component of an innovation system, contributing to the enhancement of regional as well as national innovation. The transfer of knowledge and technology between science and the economy has become particularly important to reinforce overall innovation performance. Today, universities and other institutions of higher education play a crucial role in the system of innovation and have evolved as active and highly relevant participants in the innovation system. Therefore, various supportive measures have been developed to increase the level of innovation at universities and to drive entrepreneurial activities. However, due to the ever-growing entrepreneurial support environment and the great variety of support programs,the distinction between support measures has become unclear. Consequently, the main objective of the present research work is to contribute to the overall understanding of supportive measures at German universities and other institutions of higher education.
Eight experts were interviewed to ensure the compilation of meaningful data. The research findings highlight the importance of a solid network of external experts as well as collaboration with other entrepreneurial institutions. Moreover, the research results indicated that an organizational structure with decentralized decision-making processes and a greater scope of actions enhances operational efficiency. While considering the indistinctness of different support programs and specific terms, although some significant differences were evaluated, overall, the results present a clear tendency toward a more cautious use of specialist terms, therefore substantiating the missing preciseness.
Financial technology, popularly known as Fintech, has disrupted and revolutionized the financial service sector. Today, institutions such as banks are adapting digital transformation with the help of technological devices. There is no doubt that Fintech has transformed the way we bank. Nevertheless, there has been a growing need of understanding the future of financial institution with a holistic approach. Regulatory and governmental support towards maximizing opportunity, minimizing risk, and integrating financial inclusion is needed to accelerate the economy and attain sustainable development.
The following thesis aims to study financial inclusion and how to achieve it in the Fintech industry. It comprises of four areas of influence; market, social, technology and regulatory while emphasizing on the economic development, social progress, uplifting digital finance and robust regulatory system in the globalized financial market. The research aims to close the gap among the regulatory, economic, technological and social aspects of Fintech and then develop a pathway to attain financial inclusion. In addition, the objective of the research is to provide a comprehensive strategic plan towards a prespecified future in finance. This was achieved with the help of normative scenario planning. The result was calculated using scenario planning software INKA 4. The result consisted of four distinct scenarios supporting the pathway to implement financial inclusion in Fintech sector by the year 2030.
Individual medicine gained increasing popularity in the medical industry in the past years. Especially oncology plays a major role in individual medicine, as significant research has been done in this area in the last decade. In order to provide individual treatment to patients, individualized medicine in cancer therapy uses molecular genetic examination of blood or tumor tissue.
This paper discusses individual treatment approaches for the selected diseases of prostate cancer and leukemia. Individual medicine in prostate cancer is still considered to be in its infancy whereas in leukemia it is already advanced. Conventional treatment in prostate cancer is highly standardized and well-developed and thus, individual approaches in PCa are not yet well-established or well-researched. Therefore, the relevance of individual treatments in prostate cancer is still to be discussed. In contrast to that leukemia has a promising future in the area of individualized medicine. However, individualized treatments are still very expensive and health insurances only cover a limited amount of financial expenses. As genetic testing is becoming more significant and is likely to be used more often in the future, the cost for individual treatments are expected to decrease over time. Also, this paper suggests future implications for the application of individual medicine in Germany in the areas of health care promotion, disease prevention and disease management until the year 2030.
Highlights of the paper:
• Individual medicine in leukemia is already well-established, however necessity of individual approaches in prostate cancer is discussed
• Individual medicine is currently very cost-intensive but increases the quality of life and the lifespan.
• In order to implement individual medicine in the future it is anticipated to improve health care promotion, disease prevention and disease management.
Germany has a long history in the car sector. However, today’s car industry is drastically changing, triggered by the accelerated rise of new technologies, sustainability policies and changing consumer preferences. The purpose of this research project is to forecast, by using the scenario planning software INKA 4, the future of cars in Germany in 2035. The research project focused mainly on cars based on internal combustion engines (ICE), fuel cell vehicles (FCV), battery electric vehicles (BEV) and Hybrid electric vehicles (HEV) and their charging infrastructure in Germany. Also, the future of autonomous driving vehicles, public transportation and carsharing in Germany were taken into consideration. Considering these factors following four areas of influence were chosen: Technology, Economics, Politics and Social. Within these areas of influence thirteen input factors (descriptors) were defined by research on current literature. The results show three distinct scenarios that reflect a possible shift towards electric mobility, autonomous driving, and an increase in the use of car sharing.
Key findings
The future of cars in Germany is affected by four areas of influence: Technology, Economics, Politics and Social. Among those four areas, a total of thirteen descriptors were selected as an input for the scenario building.
With the software INKA 4 five different scenarios were generated. Three distinctive scenarios were chosen and described to outline the future of cars in Germany in 2035.
It is highly probable that the future cars will be electrified and autonomous and that shared mobility will increase. The extent of the aforementioned change until 2035 depends highly on the German government and customer preferences.
Introduction: Since the first revolution of robotic-assisted surgery officially happened in 2000, the healthcare service worldwide has transformed into a new era due to its superior technological advancements, particularly in laparoscopic surgery. Da Vinci which is seen as a master-slave system and Kymerax which is categorized as a hand-held device are commonly used in robotic-assisted laparoscopic surgery. Whilst a conventional or open method requires a large incision to perform a surgery, laparoscopy - a minimally invasive surgery (MIS) is an advantageous surgical method which reduces an abdominal incision to a minimum, and effectively exploited with robots.
Methods: Based on available articles with the object of robotic surgical surgery, two SWOT analysis for Da Vinci and Kymerax were formulated to understand strengths, weaknesses, opportunities and threats of each system in comparison with the traditional laparoscopic surgery. From that, the future outlook is anticipated based on the scientific background.
Results: Alongside technological advantages of Da Vinci mainly known as 6-degree of freedom, dexterity enhancement, stereovision, tremor filtering and especially minimal invasive surgery, it still has disadvantages that are not neglectable such as huge investment and lack of haptic feedback. Although the malfunction rate of Da Vinci is not significantly high, surgeons should be aware of it to fix or alter instruments in time. Kymerax is not as advanced as Da Vinci but it can fill in the gap of the Da Vinci which includes thelarge investment and bulky instruments. The Kymerax is the low-cost hand-held device allowing multiple degrees of freedom. It is an optimal combination between traditional performance and robotic performance allowing surgeons to manipulate in their hands and ensure haptic feedback.
Conclusions: Both Da Vinci and Kymerax systems offer superior benefits for medical service due to the ongoing technological growth. The cost-effectiveness of Da Vinci system is currently a problematic issue when medical institutions consider to install them. The surgical instruments market, however, has become highly competitive which is likely leading to the decline of the costly investments. In the digital world nowadays, it will be a promising future for more integrated medical inventions.
Common problems that urbanized areas have to face are an increase in accidents, air and noise pollution, traffic jams, lower road security and reduced available space. The increased amount of carbon emissions (CO2) is creating severe consequences that can be observed in climate change. Smart Mobility can help to put under control and lower the CO2 emissions derived from the transport sector. Thus, the paper investigates the benefits and challenges of Smart Mobility. Then, through a confrontation of two benchmark areas which are successfully adopting Smart Mobility techniques, and the utilization of SWOT and data analysis, it shows that Smart Mobility can effectively lower CO2 emissions from transport. Ultimately, the NEXT-Future Transportation project is proposed as an innovative solution that addresses most of the mobility challenges and incorporates the needs for future transportation.
The German banking landscape is currently undergoing a paradigm shift of an unprecedented magnitude. As the financial world is changing, the future of German banks is highly uncertain. A multitude of present-day driving factors will shape the banking world of tomorrow. Therefore, this thesis aims to investigate and analyze the future of the German banking sector until 2030. The concept of scenario planning serves as underlying method for this research. Based on current factors influencing the German banking sector, the present thesis systematically develops coherent future scenarios. The generation of these scenarios is performed with the help of the scenario software INKA 4. This enables to assess a comprehensive picture of the future environment and the interactions between external influencing factors. Based on the most consistent future scenario, implications for the strategies of German banks are derived. As a result, German incumbents can question their strategic orientation and position themselves optimally for the future.