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Nowadays international businesses are exposed to a constant change of regulations, regularly altering organisational structures and the pressure to continuously improve efficiency to stay competitive. It is no longer a secret for international companies that the ability to adapt, is a key success factor in managing globally connected processes. Facing this challenge, MTU Friedrichshafen, one of the leading manufacturer of diesel engines in the world, set a target of optimising core processes of License Management due to the fast growing number of international projects and related international regulations. This optimisation can be achieved by analysing weak points at all stages of the working processes and developing standardised approaches throughout the partner management cycle. The main purpose of this thesis, therefore, is to analyse and standardise core processes of the MTU License Management with a completely new approach in steering international projects.
After spending ten months at the MTU License Management Department, including mandatory six months internship, I was involved in different working procedures in a form of “internal job rotation” in order to have clear understanding over main processes at License Management. With all this knowledge in mind, a deep research about core processes has been conducted and individual improvement measures for each process were defined. These improvement measures are in line with the Global Strategy Program “Shaping Our Future 2018” that has been determined by Rolls-Royce Power Systems AG, MTU’s holding company. Also, during the research, it was obvious that combining several processes into one core tool was a major challenge. After brainstorming through various ideas with internal IT experts, a standardised approach by using Microsoft SharePoint has been identified as an effective way to enhance various processes.
Only with the proper implementation of the recommended optimisation process and continuous improvement, global organisations will succeed in responding to the increasing pace of changes in the business environment.
The purpose of this thesis is to analyze the impact of Intelligent Automation on individuals, organizations and economy and how organizations can adapt. Within the Fourth Industrial Revolution, the use of new technologies is on the rise and rapidly developing and the world is becoming more and more digital.
Organizations in financial services like banks and insurance companies are reevaluating their processes, however, automation has not been applied yet and their back office processes still contain a huge amount of paper and many repetitive tasks, which make the processes inefficient. In processes like this, there is a huge potential for Robotic Process Automation and Artificial Intelligence, which allow organizations to automate end-to-end processes with humans only handling exceptions and doing small configurations. The results are higher quality and speed at lower cost.
Despite the fact that the implementation of Intelligent Automation can be done fast and simple, companies have to involve the right people, analyze which processes are actually automatable and follow necessary steps in the implementation process in order to successfully implement Intelligent Automation.
In the era of digitalisation, mobile devices are supporting us throughout the day, in any situation, at any place and any time. We purchase goods and services through our phones, communicate with others and can get information about anything we want. The mobile technology is the fastest growing industry the world has ever seen. Mobile technology is the most influential driver of current social and economic change. Therefore mobile marketing is already a major factor in today’s marketing mix. Nevertheless adaption of mobile marketing progresses differently in different parts of the world. China took on a leading role in mobile marketing without many people outside China noticing. The purpose of this paper is to examine and display the major differences between China and Europe when it comes to mobile marketing. Especially, I will focus on WeChat, a relatively new communication application in China that has shaped mobile marketing significantly since 2011, the year of its launch.
However, due to significant differences in market scale, market complexity and adoption of technology in Europe and China it is important for European companies to understand the potential power of WeChat if they want to do successful business in China. Therefore I will give a comprehensive overview on how to use WeChat for business. Additionally I will connect the mobile marketing aspect with Chinese language learning. Chinese language learning represents a global current trend and is building a bridge between China and Europe both culturally and economically. For this paper I conducted practical research in a Chinese language school under European management in Beijing/China. This way I was able to gain first-hand insight in the obstacles a European company faces when it comes to WeChat mobile marketing in China. This paper will cover the theoretical foundation of mobile marketing and will connect it with real recommendations for successful WeChat mobile marketing.
The advertising industry has strongly changed over the past years. Obviously, the coming of digital media has created networking between consumers and revolutionized traditional marketing toward companies building lasting relationship with potential customers and thereby generating an exponential growth in exposure and influence still called viral marketing. Despite the fact that viral marketing is an old topic, its relevancy in the business area is quite recent. However, little research is devoted to the adoption and internal usage of social media in SMEs, which are of high social and economic importance. Findings of numerous researches on this topic have been constructed on the B2C market. For this reasons, the aim of this study seeks to address the gap in knowledge regarding the use of social media in the B2B SMEs in Germany.
Underperforming employees are quickly put into the low performer category and rash decisions and actions need to be taken. Managers “just want the problem to go away” and human resources must find a solution – transfer, change of contract, disciplinary actions are often the only choices. But it doesn’t need to always end in escalation. Early identification and communication is the first step towards a solution and a win-win situation for all parties involved. Followed by a thorough cause analysis and a matched action plan the foundation for improvement is laid. Raising awareness of plausible causes, the right actions to be taken and empowerment of the management level are the next steps towards a performance improvement oriented culture. Focusing on how to improve low performance is a corrective measure, taking actions and measures to prevent low performance to arise, like implementing a holistic performance management system, is the more effective and easier way.
Corporate Culture is more and more becoming an important factor to be competitive in the constantly changing environment. Technology as well as generation (in this case generation Y/millennials) and organizational structures are influencing the organizational performance and culture. The shift from hierarchical to networked structured organizations has an impact on the collaboration within and outside the company. Organizations need to find new ways to transmit theirs corporate culture, reach their employees and support collaboration.
Enterprise 2.0 tools are one of the newest tools of this century. Facebook and other social media platforms are already celebrating great success. So why shouldn’t it be able to reach this success in terms of internal use of social tools? And how does Enterprise 2.0 tools influence others aspects of the organizations which may as well have an impact on the corporate culture?
Incentive Europe Premiums Concepts & Licensing (IEPC) is a Dutch company that specializes in the sales and distribution of premiums and promotional products. Its goal is to support companies all over Europe in terms of boosting sales numbers, increasing brand awareness or attracting new clients. In order to achieve these goals Incentive Europe has a number of assets to assist this endeavour; namely an in-office design department, over a decade of experience and a good relationship with several sourcing and production sites in China, headquarters in Amsterdam and Shenzhen (China) and a dedicated team of regional account managers.
Currently Incentive Europe Premiums Concepts & Licensing is active in several different markets within different business segments. The company has put its main focus in producing branded USB sticks and power banks and is quite successful in this regard in the Netherlands, Germany, France, Spain and Italy but now the company is aiming higher.
IEPC is already active in the segments of premiums and merchandising and are presently facing the challenge of entering the German premium market in the best way possible. The competition in the German market is unexplored and Incentive Europe has to find a way to gain traction in the premium market.
For this reason, this bachelor thesis is related to the German market of premiums and merchandising in order to discover and explore entry strategies and analyse the possible options.
Presently a lot of emphasis has been put on the need for brick-and-mortar stores to reinvent themselves, in light of increasing competition. Therefore, the topic of shopping experience has recently received special attention by retailers, as they increasingly endeavor to create pleasant store environments. Several studies have shown, that a positive shopping experience results in increased customer satisfaction, store loyalty and thus long-term success of a company.
While new technologies are on the rise, they have so far not been fully exploited in retail stores, neither extensively researched in the context of shopping experience.
Therefore, this bachelor thesis aims to provide a general understanding on the construct of shopping experience and explores how certain phases of the customer journey can be complemented by in-store technologies. Moreover, it provides valuable insights on the capabilities and limitations of in-store technologies. Particularly, RFID equipped tablet computers, as an in-store technology for fashion retailers, are researched in-depth.
Secondary data retrieved from academic journals, academic books, press articles and study reports are used to provide an overall understanding on the construct of shopping experience, certain customer journey phases, technologies in retail stores and on the changed buying behavior caused by digitalization.
Primary research is conducted to research RFID equipped tablet computers as a in-store technology for fashion retailers. It identifies which shopping experience determinants should be targeted, when considering the implementation of in-store technology in a fashion retail store. Moreover useful information regarding the perception towards chosen tablet functions are highlighted.
Findings are discussed with reference to available literature. Conclusions are drawn and presented as implications for fashion retailers.
The start of the financial crisis in 2007 and the collapse of Lehman Brothers the end of 2008 led to a severe global economic crisis. To counter the negative shocks of the crisis, central banks pushed their conventional monetary policy tools to their limits. As policy rates reached their zero lower bound and no further stimulation of the economy was possible through the standard operating framework, additional measures were needed to improve the overall situation of dislocated financial markets and liquidity shortages. Therefore, central banks in advanced economies implemented unconventional monetary policy measures called quantitative easing (QE). Quantitative easing mainly works through an expansion of a central bank’s balance sheets and is aimed to reach a desired inflation target of 2%. This thesis examines detailed introduction, procedures, risks, and exit strategy of QE. The focus of this thesis is on design and operation of QE conducted by the Bank of Japan, the Federal Reserve, the Bank of England, and the European Central Bank and on their achieved results regarding interest rates and broader economic effects. In addition, evidence for the effectiveness is analyzed with help of an event study. Key findings of this thesis demonstrate that by means of QE, positive development on economic indicators can be recorded but it also has limited impacts. If central banks conduct their stimulus for too long, it creates risks, and, for this reason, an appropriate exit strategy is required to avoid ineffectiveness of the monetary policy. To date, no country has completed their exit and, therefore, the future will illustrate the final consequences of QE.
The goal of this thesis is to give an overview of the carbon footprint of the commercial aviation industry and to introduce measures to mitigate emissions. This will be done by taking the German Lufthansa Group as an example.
In the first part, relevant theoretical background information will be given. It will be shown that the commercial aviation industry is subject to steady and relatively strong growth. Even though the global share of GHG emissions caused by air traffic is currently relatively low, it is projected to increase in accordance with overall industry growth.
In the second part, measures taken by the aviation industry to reduce its emissions are presented using the example of Lufthansa. The measures that are taken are various, reaching from fleet renewal over infrastructural improvements such as airspace management to alternative fuels. It is also shown that the efficiency of an airline depends on different things and hence leads to different performances in the industry.
Even though the reduction of emissions is typically related with a reduction of costs for the aviation industry, the progress in some areas is still relatively slow.