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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.
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.
Keim und Handwerk
(2019)
Diese Bachelorarbeit beschäftigt sich mit der Frage, inwieweit die unterschiedliche Nutzung von Formalität und Informalität Auswirkungen auf den Arbeitsplatz haben. Es wurden sowohl die Vor- als auch die Nachteile des Siezens und des Duzens untersucht, sowie auch welche anderen möglichen Einflüsse auf die Form der Anrede existieren. Eine erweiterte Untersuchung dieser Fragestellung erfolgte durch eine Befragung verschiedener Arbeitgeber und Arbeitnehmer zu dem ihrigen Verhaltung bei der Arbeit.
Proactive Error Prevention in Manufacturing Based on an Adaptable Machine Learning Environment
(2019)
Semi-rigid ring-shaped electrode dielectric electroactive polymer membrane as buckling actuator
(2019)
The awareness of fintech has been on the rise, as more banks participate in technological changes, new unconventional companies and start-ups begin to offer fintech solutions to the public, and an increase in fintech exhibitions and fairs can be observed all around the world. Below is a figure obtained from Google Trends, which illustrates the trend of Google searches related to fintech the past 5 years. As Google is known to be one of the most frequently used search engine around the world, the trend depicted will accurately reflect the awareness in fintech.
With reference to Figure 1, a value of 0 indicates that there is insufficient information regarding searches for fintech and a value of 100 indicates the maximum peak popularity for fintech. Therefore, Figure 1 represents the growing attention of fintech since 2015. The ‘note’ in Figure 1 represents an improvement made on Google Trends to collect search results.
Fintech is most known for its disruptive and unconventional impacts it brings to the traditional banking industry. (World Economic Forum, 2017) In light of fintech, the perception of banking today has changed drastically as compared to the past. As opposed to traditional banking that was once the monopoly of the industry, banks these days are following the trend of moving towards digitalisation, in order to remain competitive. (Williams-Grut, 2015) (World Economic Forum, 2018)
Attention for fintech amongst the public, investors and governments grew rapidly since 2014. (Arner) The graph below indicates a flourishing expectation in the fintech investments. (Statista, 2015) From the year 2008 to the year 2020, the value of fintech investments all around the world is projected to grow to a USD$46 billion industry. A market analysis that was done by Deloitte also suggests the same growing trend. (Deloitte, 2015)
Numbers in Figure 2 represent the total value of fintech investments across all segments of fintech. In general, fintech is divided into 4 segments: payments, financing, asset management and others. (Gregor Dorfleitner, 2017) However, there are variations from publications to publications. An industry report conducted by Statista found that digital payments segment in fintech was the largest in 2017, with a global transaction value (TAV) of US$2753.70 billion. (Statista, 2018) Following digital payments was alternative lending, followed by personal finance and lastly alternative financing.
As part of the thesis, an expert survey was conducted. Professionals who are currently working in the fintech industry, in addition, expressed most positivity and expectations in the payment sector of the fintech industry. Moreover, results gathered from another survey participated by members of the public also indicated the most interest in payment/personal banking. Approximately 50% of all responses collected indicated “Yes” for payment/personal banking services. Due to this uprising expectations of the payments sector by experts in fintech, this thesis aims to focus on the payment sector in fintech and to predict trends as accurately as possible. The integration of fintech initiatives into payments has brought about new areas of studies, in terms of business models, types of services, customers as well as the security of data. (Salmony, 2014) Therefore, this thesis aims to address these areas, as well as to offer suggestions to counter threats faced by payments in the fintech industry.
This thesis will be based heavily on business to customers (B2C) fintech products and services. It will consist of an extensive literature review and empirical research on reliable sources of information. Data used in this thesis will be from both primary and secondary sources. Primary data is collected through two surveys. The survey was divided into two target groups- first for the mass market and second only for senior professionals in the fintech industry. The purpose of the first public survey is to understand the preferences and needs of the mass market. The second expert survey was done to understand the strategy of two highly successful fintech company and their future expectations from a professional’s perspective. The experts are current professionals from Murex and Allianz Technology. As for secondary data, it is obtained from credible sources, such as government websites and industrial analysis reports. As certain names and keywords vary from sources to sources, they will be classified accordingly, as accurately and closely as possible. The information used in this thesis is further explained under “Methodology”. Primary data collected and secondary data gathered will be compared with each other to verify their accuracy.
The first chapter of this thesis gives an introduction to the fintech industry. The second chapter will analyse the digital payment environment. This includes the SWOT, PESTEL analyses and advantages and disadvantages. In the third chapter, it will discuss the digital payment industry today. The fourth chapter will be related to primary data findings through surveys and a comparison with secondary data gathered. Future predictions will be covered in chapter five. In chapter six, challenges and suggestions will be discussed to help fintech companies to overcome challenges and remain competitive. Finally, a conclusion will be in chapter seven.
Die vorliegende Bachelorarbeit beschäftigt sich mit der gezielten Ansprache des Seh- und Tastsinns in deutschen Supermärkten. Zunächst werden anhand einer Literaturanalyse der Mehrwert und die möglichen Einflussfaktoren einer visuellen und haptischen Marketingstrategie erörtert. Durch das Mittel der Beobachtung werden daraufhin Umsetzungsbeispiele aus der Praxis ermittelt und analysiert. Darüber hinaus werden, durch Experteninterviews mit den zuständigen Filialleitern, die Erfolgswirkungen der jeweiligen visuellen und haptischen Gestaltung erfasst. Die erhaltenen Aussagen werden durch die Ergebnisse einer Kundenbefragung bezüglich der Erfolgswirkungen ergänzt. Im Anschluss werden anhand der erhobenen Daten Optimierungsmöglichkeiten in der Umsetzung visueller und haptischer Reize im Supermarkt bestimmt.
Die Umsetzung visueller Reize findet vor allem in der Nutzung von natürlichen Materialien und Produktbildern statt. Haptische Reize ergeben sich dagegen im Angebot von Selbstbedienung und loser Ware. Die sensorischen Elemente bieten den Supermärkten die Möglichkeit, durch die Hervorhebung von Waren, die Erzeugung positiver Emotionen und Assoziationen, sowie der Erstellung eines Einkaufserlebnisses, den Umsatz zu steigern und sich von Wettbewerbern zu differenzieren. Dennoch beschränkt sich die Gestaltung der Märkte noch stark auf den Sehsinn. Da Kunden ebenso Wert auf den Tastsinn legen, sollten auch haptische Reize gezielt genutzt und in einer stimmigen sensorischen Strategie eingebunden werden.
The automotive industry is undergoing substantial structural changes. New forms of powertrains and players are emerging. Manufacturers, due to internal as well as external drivers, are building their cars on platforms. By making use of modular design approaches, they hope to satisfy customer needs best and stay competitive. When designing global platforms, local variations are to be avoided. The presented paper offers an approach to rank components of an electric vehicle according to their likeliness of a local design adaption. To verify the results of the value chain- based analysis, the variant indicator analysis, interviews were carried out. The analysis shows that the battery is most likely subject to design changes. Also, variant drivers in the value chain bear the highest potential for local redesigns.
The effective, long-term management of natural resource wealth represents a big challenge for extractive countries like the Republic of Chile. The blessing of commodity abundance is accompanied by a phenomenon referred to as the resource curse. The implied limited economic growth and the general tendency towards opaque, exclusive and corrupt dynamics present in the extractive business foster the necessity for a strong transparency framework.
The Extractive Industries Transparency Initiative (EITI) has dedicated its efforts to this problem and has established an international standard for data availability and civil society participation along the extractive value chain. Analyzing the effectiveness and suitability of this approach for the achievement of greater transparency in the Chilean mineral resource management, it will be found that the EITI represents the appropriate basis for enhancing commodity governance. However, it will turn out that Chile’s individual motivation and consistency are vital for the initiative’s success.
This thesis provides a general assessment of the subject. Further research would be required in order to provide a precise evaluation.
Ganzheitlicher Ansatz
(2019)
Ensuring data quality is central to the digital transformation in industry. Business processes such as predictive maintenance or condition monitoring can be implemented or improved based on the available data. In order to guarantee high data quality, a single data validation system are usually used to validate the production data for further use. However, using a single system allows an attacker only to perform one successful attack to corrupt the whole system. We present a new approach in which a data validation system using multiple different validators minimizes the probability of success for the attacker. The validators are arranged in clusters based on their properties. For a validation process, a challenge is given that specifies which validators should perform the current validation. Validation results from other validators are dropped. This ensures that even for more than half of the validators being corrupted anomalies can be detected during the validation process.
With information on corporate ethical behavior now more accessible than ever, consumers have become increasingly socially and environmentally aware, which has translated into a growing demand for ethically made products. For ethically minded consumers, certification labels such as fair trade or organic are simple indicators of whether a product meets their ethical standards. For companies that wish to become certified, which is a lengthy and sometimes expensive process, there are several pertinent questions to consider, such as how much customers really value particular labels and whether multiple labels yield significant added competitive benefits. One should also consider how best to collect this information, because simply asking customers via surveys isn’t guaranteed to return results that actually reflect or predict real-life behavior (Carrington et al. 2010). For this paper, we collected information on consumers’ willingness to pay for products with the organic and fair trade labels (both individually and in combination) using two different methods: a traditional questionnaire and a reaction-time based electronic research method designed to reveal subconscious value perceptions. The factors involved were product type and number of labels. We found little evidence to suggest that additional ethical labels significantly increase willingness to pay.
The fight against global warming and the challenge of reducing CO2 output are critical issues for emitters, such as the fossil fuel sector. Many governments, acting in concert, will heavily regulate emissions in the future to not exceed a 2°C increase in temperature, as agreed on in the Paris Agreement in 2005. Heavy investments in renewables, research and development, and carbon storage are signs of the beginning of this progress to energy transition.
Due to the increases in CO2, measured in the atmosphere, many environmental organizations and scientists have studied the matter carefully. Their results show that if nations continue on their current path and do not decrease their CO2 output, it will take no longer than 26 years to exceed the 2°C limit.
The fossil fuel industry, as the main emitter of CO2, will have to depreciate many of their reserves, because CO2 containing fossil fuels listed on stock exchanges exceed the amount absorbable by the earth. This means, that if the content of CO2 recorded on worldwide stock exchanges would be extracted, an increase beyond 2°C is foreseeable. The bubble, similar to the Lehmann Brother case in 2008, will burst someday and cause high losses when extraction limits are implemented.
The impact of climate change related emission regulations on entities´ financial statements is identified as a research gap. This study focuses on the accounting standards and depreciation of minerals as it is an important matter for the current and future economic situation. Depending on current actions taken by extracting entities and governing power the future for the energy industry will look very different from today.
In der vorliegenden Masterarbeit wurden verschiedene Ansteuerungsstrategien für den Betrieb von dreiphasigen Active-Neutral-Point-Clamped- (ANPC) Mittelspannungs-Netzumrichtern mit Siliziumkarbid (SiC) Halbleiterschaltelementen untersucht. Durch die Vielzahl an aktiven Schaltelementen können bei der ANPC-Topologie zur Modellierung des gewünschten Ausgangssignals zahlreiche unterschiedliche Ansteuerungsstrategien eingesetzt werden. Je nach gewählter Ansteuerungsstrategie können so unter anderem die Faktoren Schalt- und Durchlassverluste, Wirkungsgrad, Verlustverteilung, Schalter- und Ausgangsschaltfrequenz, der Oberschwingungsanteil des Ausgangssignals, sowie die maximale Spannungsbelastung der Halbleiter beeinflusst werden.
Neben der elektrotechnischen Beschreibung der aktuell eingesetzten Umrichter-Technologien wurden in dieser Arbeit primär aus aktuellen Veröffentlichungen und Dissertationen verschiedene Möglichkeiten für die Ansteuerung von ANPC-Umrichter zusammengetragen und insgesamt sieben Sinus-Pulsweiten-Modulationsstrategien (S-PWM) im Detail untersucht. Hierbei wurde für jede vorgestellte Modulationsstrategie das Grundfunktionsprinzip aufgezeigt und analysiert, sowie die sich daraus ergebenden Vor- und Nachteile herausgearbeitet.
Anschließend wurden alle vorgestellten S-PWM-Strategien in der Schaltungssimulationssoftware PLECS implementiert und diese in verschiedenen Betriebszuständen simuliert. Die Simulation ergab, dass sich bei der ANPC-ALD-Strategie eine bestmögliche Verlustverteilung zwischen den Halbleiterelementen einstellt, bei der ANPC-OOZS-Strategie die geringsten Durchlassverluste entstehen und bei den Strategien ANPC-DF, -12, -R2:1 und -SSLD im Bereich der Nulldurchgänge des Ausgangssignals an den inneren Halbleitern kurzzeitige kritische Überspannungen auftreten. Bei den Strategien ANPC-11-Sync, -ALD und -OOZS treten dagegen keine Überspannungen an den Halbleitern auf.
Ausgehend von diesen Simulationsergebnissen wurden die Strategien ANPC-DF, -ALD und -OOZS für den potentiellen Einsatz in Mittelspannungsumrichtern ausgewählt, auf einem FPGA-Board implementiert und damit eine geeignete Niederspannungstestplattform in Betrieb genommen. Durch praktische Messungen auf dieser Testplattform konnten die Simulationsergebnisse in einem ersten Schritt verifiziert werden. Sowohl das erstellte Simulationsmodell als auch die in Betrieb genommene Testplattform können somit zukünftig für weitere Untersuchungen im Bereich der ANPC-Umrichter-Ansteuerungsstrategien eingesetzt werden.
Diese Bachelorthesis diskutiert die Bedeutung eines nachhaltigen Produktmanagements, um langfristig die Kaufbereitschaft von Waschmittel bei Schweizer Konsumenten zu steigern. Aufgrund der derzeitigen Umweltthematik ist es notwendig, dass sowohl Unternehmen als auch Konsumenten nachhaltiges Verhalten annehmen können. Diese Arbeit erschließt Handlungsempfehlungen für den Waschmittelmarkt in der Schweiz. Bezogen auf die Unilever Schweiz GmbH, soll verstanden werden, welche Erfolgsfaktoren Konsumenten zu einem nachhaltigen Kauf animieren. Basierend auf einer Literaturrecherche, die sich auf gegenwärtige Theorien bezieht, werden Preisstrategien, Produktauslobungen, PoS Kommunikationen, das Markenmanagement sowie die Einschränkung von Entscheidungsfaktoren berücksichtigt. Durch eine Wettbewerbsanalyse sowie durch einen Konsumententest werden Erfolgsfaktoren verifiziert. Diese quantitative und qualitative Erhebung ermöglicht eine ganzheitliche Betrachtung des Waschmittelmarktes, wobei Strategien gezielt für die Unilever Schweiz GmbH implementiert werden können.
Promotional offers play a significant role in order to obtain and retain new and existing customers. There are already many researches comparing the performance and effectiveness of sales strategies during the promotional period. Results reveal that the framing of the saving message influences consumers’ perception of the price which in turn leads to an uncommon purchase decision. Even though the offers are mostly economically equivalent, people have preferences depending on the pricing practice. Data from previous researches shows that in many cases bonus packs are generally more preferred than a discount. Most commonly applied in-store strategies in Germany are price discount and buy one get one free. Will the value perception for BOGOF still be higher than price discount after the promotion expires? This study will specifically focus on BOGOF and price discount in the consumer nondurable goods industry. A total of 450 randomly selected people participated in the A/B survey. The A survey focusses on questions relating to price discount whereas the B survey includes questions regarding BOGOF. In both surveys, the promotion is no longer valid. The survey data reveals that the willingness to pay for consumer nondurable goods during the post-promotion phase is higher when promoting with BOGOF rather than with price discount. This research has the potential to form a crucial answer for academics and marketers in the consumer nondurable goods industry as it provides insight of the long-term influence of promotion on consumer psychology.
Creating effective cross-cultural advertising campaigns is one of the most challenging ongoing topics in international marketing. This paper aims to apply the insights of cross-cultural neuroscience of emotion to advertising in China and Germany.
Examining the differences in cross-cultural perception of emotions will be instrumental for models used in advertisements across China and Germany, help understand the role of consumer age for the emotional reaction to advertisements and elucidate the influence of emotions on cross-cultural prejudices and memory.
Based on an expert interview conducted with the neuroscientist Dr. Henning Beck, several hypotheses were generated. In order to investigate the hypotheses, a cross-cultural survey in China and Germany was conducted testing the influence of the own-race bias on emotional advertising using the Self-Assessment Manikin (SAM). The results of the primary research suggest that the perception of emotions is culturally trained and can lead to a different emotional experience of advertising for Chinese and German citizens.
Formal Description of Use Cases for Industry 4.0 Maintenance Processes Using Blockchain Technology
(2019)
Global warming provokes our climate and the world how we know it today to change severely. The production of food together with its consumption is responsible for 19-29% of world’s greenhouse gas emissions caused by human activities and further rises are
expected. As a response to this phenomenon, the assessment of a product’s carbon footprint has awaken huge interest with the purpose of controlling food’s environmental impact during its life-cycle. In order to involve individuals in the target of reducing harmful emissions, besides governmental and business efforts, CO2 labels have been developed to communicate a product’s carbon footprint and enabling consumers to make more climate-friendly purchase decisions. However, it has been shown that a successful
implementation of CO2 labels on grocery products still confronts barriers from the consumer side.
For a better understanding of the meaning of mentioned labels, this thesis deepens the theoretical backgrounds of greenhouse gas emissions and the carbon footprint related to the food industry. In a second step, the acceptance and effectiveness of carbon labels on
groceries will be analysed critically by using contextual literature reviews and a case study on German purchase behaviour.
Resulting from the rapid technological advancement in the field of artificial intelligence and its implementation in the business world, intelligent systems are gradually adopted in recruitment. As this development is fast evolving and recent, there is comparatively little research about artificial intelligence in conjunction with recruitment. Hence, this thesis aims at exploring the effects of intelligent algorithms on the recruitment process and the biases involved.To investigate the topic, existing literature was analysed and primary research in form of expert interviews was conducted.The thesis describes the current state of implementation, effects on recruiters and bias as well as potential drawbacks. Overall, it was identified that artificial intelligence cannot prevent bias in personnel selection.The findings imply the need to further research the topic, particularly the implications of algorithmic bias.
Die vorliegende Bachelorthesis „Geschäftsprozessanalyse des Order-to-Cash-Prozesses eines Automobilzulieferers“ befasst sich mit der Thematik der Prozessoptimierung bei der ElringKlinger AG. Die Optimierung von Geschäftsprozessen gewinnt aufgrund einer sich ständig verändernden Geschäftswelt mit steigenden Anforderungen mehr und mehr an Bedeutung. Dementsprechend müssen Unternehmensprozesse regelmäßig analysiert werden, um Optimierungspotenziale nutzen und Fehler innerhalb des Prozesses beseitigen zu können.
Die in dieser Bachelorthesis vorgestellte Prozessanalyse des Order-to-Cash-Prozesses stellt sich der Aufgabe Fehler innerhalb dieses Prozesses, welche sich in fehlerhaft ausgestellten Rechnungen äußern, zu analysieren und Maßnahmen zur Vermeidung zu erarbeiten. In einer umfangreichen IST-Analyse zum Thema Order-to-Cash-Prozess wird der Grundstein für das Auffinden von Fehlergründen gelegt. Die theoretische Aufarbeitung des Themas wird aus der Fachliteratur des Prozessmanagements und des Projektmanagements gebildet. Des Weiteren werden wichtige Grundsätze für das Erstellen und Durchführen von leitfadengestützten Experteninterviews beschrieben. Ausgehend von diesen gewonnenen Informationen werden im Rahmen der IST-Analyse zunächst Auswertungen aus dem Datenbestand von SAP durchgeführt. Anschließend erfolgt die Durchführung von Experteninterviews, welche als Basis der Ursachenfindung dienen.
Die Generierung von Maßnahmen zur Fehlervermeidung bildet den Abschluss der vorliegenden Bachelorthesis. In einer Handlungsempfehlung wird ein Ausblick geboten, welche Maßnahmen im Rahmen des Order-to-Cash-Prozesses implementiert werden könnten.
The rapid pace of change is posing a series of challenges both in industrialized and in emerging economies. Throughout history, one important measure to deal with change was to further develop technology, to find the right solution, to improve the current standard, in one word: to innovate. Over the past decades, different types of innovation have emerged. One fairly recent form is frugal innovation. The principle of frugal innovation is to build a strategic fit between affordability, quality and sustainability with the aim to create a greater value for customers while using fewer resources as capital, time or material. In view of contemporary developments like globalization, climate change, or increasing poverty which create issues across countries, industries and social classes, frugal innovation can offer solutions. Existing literature mainly reports about frugal innovation as an option to serve consumers from low income markets in developing countries. However, the concept might be already or might become in future equally crucial for industrialized economies. The purpose of this research is to investigate the future development of frugal innovation in industrialized economies. A critical question in this paper is to identify how much innovation concepts in industrialized economies differ from innovation concepts in emerging countries and in the following, to assess to what extend the frugal innovation concept would imply a reorientation for industrialized economies. The results indicate that innovators in industrialized economies still follow the typical “higher, faster, further strategy” and that different mind-sets might be necessary to introduce a frugal innovation approach. Moreover, the results show that frugal innovation offers a unique combination of principles that respond to a very high degree to present consumer, market or eco-political trends. A limitation of this paper is that in industrialized countries, hitherto there exist very few examples of frugal innovation concepts. Subsequently, the theoretical and empirical literature, which can be reviewed, is limited.
Die Videospieleindustrie zählt bis heute zu einem der dynamischsten und schnellst wachsenden Märkte und ist der stärkste Teilmarkt der Unterhaltungsindustrie, noch wichtiger und größer als die Musik- und Filmbranche. Insbesondere der Konsolenmarkt verändert sich seit einigen Jahren, vor allem aufgrund der wachsenden Popularität von Smartphones und Tablets als Spielemedien. Immer mehr Menschen, besonders die der älteren Generation, spielen auf diesen Plattformen Casual Games und Social Games, welche auf einer Konsole nicht gespielt werden können. Des Weiteren verändert sich die Generierung von Umsatz vom klassischen Verkauf hin zum kostenlosen Spielen mit kostenpflichtigen Zusatzinhalten.
Aufgrund dieser Veränderungen im Markt muss untersucht werden, wie sich das Wettbewerbsumfeld des Konsolenmarktes aus heutiger Sicht charakterisiert und welche Kräfte auf die Branche wirken, um potenzielle Gefahren und Wirkungen zu identifizieren. Verschiedene Theorien und Modelle zur Wettbewerbsanalyse und Untersuchung der Wettbewerbssituation werden aus der Literatur erarbeitet und später angewandt. Zu den vorgestellten Modellen gehören der Herfindahl-Hirschmann-Index, Netzwerkeffekte und der damit verbundene zweiseitige Markt, sowie das Porter´s Five Forces Modell. Diese werden auf den Konsolenmarkt bezogen und angewandt. Dabei wird auch der Einfluss von Videospielen erklärt, da sie Komplementärprodukte zu den Konsolen darstellen. Die umfassende Analyse des Wettbewerbsumfelds ergibt, dass vor allem der Einfluss von technischen Neuerungen wie onlinebasierte Spieleplattformen, eine deutliche Gefahr für den Konsolenmarkt darstellt. Außerdem haben Videospiele als Komplementärprodukt einen wichtigen Einfluss auf den Erfolg von Konsolen, unteranderem spielen sie aufgrund von indirekten Netzwerkeffekten bei der Preisstrategie eine bedeutsame Rolle.
Flexible piezoresistive PDMS metal-thin-film sensor-concept for stiffness evaluation of soft tissues
(2019)
This thesis is a study examining the potential of implementing automation solutions in the financial month-end close of TomTom Business Unit Automotive Finance. The aim of this study is to identify processes with potential for the implementation of Robotic Process Automation and/or Artificial Intelligence, to improve month-end close in the selected case company.
The theoretical framework delimits Digital Business Transformation from Digitalization and Digitization. It provides background knowledge on Robotic Process Automation and Artificial Intelligence and points out how digitalization impacts the finance function of the future. Furthermore, factors for successful implementation of automation are discussed.
The study applies the strategy of action research performed in a two-staged research examination, including the performance of interviews and the analysis of the interview results. The interview’s goal was to examine month-end close processes, gathering information about the process itself and its characteristics, to have a solid understanding on the processes for the subsequent analysis. The data analysis was conducted applying two different approaches, varying depending on which automation tool best suited the process.
The research result showed that half of the processes in month-end close of Automotive Finance have the automation potential. This automation is more related to the implementation of processes into SAP Analytics Cloud and the use of included Artificial Intelligence features than to the use of Robotic Process Automation.
This result confirms the theoretical findings on the high potential of automation in reporting and endorses the automation potential of month-end close in TomTom Business Unit Automotive Finance.
Social media and social networks are terms which appear daily in all sort of different contexts. The importance of such online platforms is growing day by day. People spend an immense time of their everyday life in such networks. Therefore, it is not surprising that marketers have encountered the great opportunity coming along with this. This paper contributes to the little research on follower demographics and delivers an insight into the hotel industry in the Black Forest. It attempts to close the knowledge gap of comparing social media followers of hotels to actual hotel guests, shows how hotels can integrate social media in their marketing strategy and why it is relevant for different market participants. Moreover, a comparison of possible target groups was made.
For analysing social media followers of hotels, own primary data was collected in form of an email survey of hotels in the Black Forest. The findings were afterwards compared to actual tourist demographics derived from a former hotel guest survey in the Black Forest. According to responses of 85 hotels, the study found that hotel guests are usually from older generations (60+) and mainly male, whereas hotel social media follower tend to be younger (around 30) and female. This shows the possibility for hotels to target customers, different from their loyal customer base, via social media. Secondary data helped drawing further conclusions. Instagram clearly supports hotels to attract new customers. It has high relevance for hotels, as well as individuals, and can be integrated in each step of a marketing planning process. Target group analysis of current guests and potential new clients, who are present on social media, has made clear that both are coming with advantages and disadvantages. Hotels should enter new markets to enlarge their customer group, however, not at the dispense of loyal guests. Loyalty and customer relation management in the accommodation industry will always be an essential point.
Digital twin as a service : Ressourcenmanagement mit Energiedaten aus cyber-physischen Systemen
(2019)
Die Energiewende führt zu einer Paradigmenänderung. Der Zeitpunkt der Energieabnahme wird sich zunehmend an dem der Energieerzeugung orientierten. Die Steuerung des Energiebedarfs kann durch energieorientierte Produktionsplanung gesteigert werden. Dies erfordert eine Vorhersage des Energiebedarfs. Hierfür wird ein System entwickelt, das eine Modellierung mittels maschinellen Lernens nutzt. Die Datenbasis wird durch eine Vorgehensweise zur Abstrahierung von Fertigungsmaschinen erzeugt. Das System besteht aus gruppierten Microservices, es berücksichtigt die unterschiedlichen Anforderungen der Modelle an die Infrastruktur. Die Modelle sind in digitalen Zwillingen integriert, die als Dienst genutzt werden. Hierdurch ist eine effiziente Adaption von ˜Äderungen an Fertigungsmaschine oder Modell-Methodik möglich. Eine exemplarische Anwendung der Abstraktionsmethode und der Modellierung mittels neuronalen Netzes demonstrieren die Umsetzbarkeit.
The aim of this paper is to explore factors driving and affecting motivation of workers for participating in Crowdsourcing platforms and propose adequate incentive mechanisms. A general definition what mainly motivates crowd workers, poses a difficult task, as it depends on a diversity of opportunities and challenges, which entail Crowdsourcing systems. Although they represent a common notion for the majority of crowd workers, these opportunities and challenges do not have the same effect on their motivation, as crowd workers are in different situations and differ in their influenceability. Thus, creating incentive mechanisms for such a heterogeneous pool of people with different backgrounds, holding different reasons and motivations concerning their participation at Crowdsourcing platforms represents a major challenge. In any case, incentives should meet the needs of the increasing number of remote workers in order to motivate them participating in Crowdsourcing platforms and contribute with quality work. This in return will ensure the sustainability of the Crowdsourcing system.
The bachelor thesis 'Strategic Positioning and German market entry of ... ' deals with the development of a market entry strategy for a small start-up company in the wellness segment.....is a small but fastgrowing company that provides wood-fired wellness products for private customers.
Expansion policies and growth are important to survive in a changing competitive environment, so this work focusses on analysing the german hottub market and choosing an appropriate strategy.
The goal was to derive a good strategic position for the german market entry. Therefore the company was analysed internally and externally to find out the drivers of the industry, and which factors are critical for succeeding in the market. Different strategic approaches were compared to find out, which is the most appropritate for the company. All analysing led to a marketing mix and a milestoneplan how to implement the strategies for the german market entry. That means a well-grounded recommendation for a strategic concept can be communicated.
Due to the global increase in temperature, China has been dealing with severely increasing ecological disasters. The Chinese government has therefore increased its environmental protection measures in the past 15 years. This thesis delivers descriptive results of these measures, taken from the last three five-year plans as issued by the Chinese government. This is being done by applying the expected results of these measures into a so-called integrated assessment model. Furthermore, this thesis elaborates how integrated assessment models can be used in order to assess policies, such as these employed by the government of the PRC in order to compute their overall socio-economic impact on factors like welfare-maximization and technological advancement. This is rounded out by exploring the possibility of creating a holistic assessment model that combines the potential of backstop- and abatement technologies with a global or regionally disaggregated assessment model.
Due to an increasing talent shortage, many organizations have started professionalizing their corporate approach on talent in recent years, as the contribution of talent to future corporate success is considered to be critical (cf. Michaels, Handfield-Jones & Axelrod 2001).
This thesis will explicitly address and discuss questions and problems regarding talent identification. The identification of talent in a corporate environment is of strategic significance in order to function as a solid foundation regarding matters such as succession planning and strategic staffing as well as talent and competency development as part of a strategy-driven approach on talent management.
By conducting numerous interviews regarding the current talent review process at KARL STORZ SE & Co. KG with key stakeholders, central problems have been identified and will be discussed throughout this thesis in a constructive and problem-oriented manner. Furthermore, results and findings of active participation in talent reviews as well as analysis of talent review-related data will be used as a basis for potential solution approaches.
The main findings include a lack of strategic alignment of the process with the corporate strategy, insufficient feedback and process-related transparency from the process owner as well as an imbalance of the cost-benefit ratio.
This study analyses the effects of the German federal minimum wage of 8.50€, introduced in 2015. First, the initial political, economic and legal situation in 2015 are assessed. This is followed by a theoretical evaluation of the wage factor in the labor market model outlined. The presented impacts on employment and real wages serve as a guideline and primary focus for the structure of the paper. The research indicates that in reaction to the minimum wage, contractual working hours were decreased. Other adaption measures undertaken to counteract increased costs, were productivity-enhancing measures such as more training. Furthermore, the data analysis hints towards structural shifts away from 450€-jobs towards social security employments. Moreover, within the observation period, the general employment rate in Germany increased in the high single-digit range. Regarding compensation effects, studies show that in anticipation of the reform; the general wage level was already increased. Besides the minimum wage, other wage clusters in the low-wage segment are affected by wage spillovers. As a result, it is suggested that consumption grows over proportionally because of the higher propensity to consume of low-income groups. Moreover, consumption depends on the spending behavior of government; which acquires more taxes and social security contributions due to the increased income. However, when it comes to profitability, businesses report difficulties in passing on increased labor costs to customers.