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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.
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.
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.
Studierende und Lehrende als Kunden wissenschaftlicher Bibliotheken sind im digitalen Zeitalter aufgrund virtueller Angebote nicht mehr wie früher auf physische Bibliotheken angewiesen. Die Tendenz zu „entmaterialisierten Bibliotheken“, stellt komplexe Anforderungen an das Bibliotheksmanagement, mit dem Ziel, die E-Medien als umfassende Services für ihre Zielgruppen sichtbar darzustellen. Ausgehend von diesem Fokus soll das E-Medien-Portfolio der Bibliotheken der Hochschule Furtwangen konsequent an den Bedarfen ihrer Kernzielgruppen ausgerichtet werden. „E-Medien-Service nach Maß“ bedeutet eine komplexe Herausforderung und ist zugleich eine strategische Aufgabe des Bibliotheksmanagements, im Kontext von Studium und Lehre sowie dem Qualitätsmanagement der Hochschule.
Die Arbeit stellt dazu eine qualitative Studie vor, die im Wintersemester 2014/2015 am Campus Tuttlingen durchgeführt wurde. Sie erläutert Hintergrund und Zielsetzung der Untersuchungsfrage, beschreibt die angewandte Methode und das Untersuchungsdesign.
Ziel der Studie war, Nutzungsaspekte und Bedarfe der Zielgruppen Professoren und Studierende der Fakultät Industrial Technologies festzustellen. Darüber hinaus wurde ermittelt, inwieweit das E-Medien-Angebot der Bibliotheken bekannt ist und welche Möglichkeiten bestehen, es besser sichtbar zu machen. Die Ergebnisse aus der Studie wurden in Empfehlungen zur Optimierung des E-Medien-Portfolios zusammengefasst.
Darauf basierend kann ein strategisches Konzept entwickelt werden, welches durch die Untersuchung der Bedarfe und unter Beachtung der Relevanzsysteme ihrer Zielgruppen erfolgreich vom Bibliotheksmanagement eingeleitet werden kann.
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.
Latin America has become a potential market in the lately years. Brazil has a potential market, being the fifth largest country in terms of population; moreover, the Brazilian economy has grown over the past years with the increasing middle class consumers. Mexico, on the other hand, with its strategic position and as a bridge for the whole American continent and having the most free trade agreements in the world is definitively an attractive investment destination. The main objective of this research is to study what type of entry modes should German companies in the high- tech industry and automotive industry use in Latin American market. As part of the research there has been a study of the internationalization theories, the entry modes and the factors that might affect the entry mode. Besides, the author has approached which characteristics do the Latin American market has and which opportunities may German Small and Medium-Sized Enterprises benefit from. Furthermore, this research incorporates some case analysis from German companies who already entered into this region, as a result there would be a analysis in order to see which patterns those companies have followed.
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.
Purpose: This study investigates the role that entrepreneurial talents play, and the influence of such
talents in firms’ success and raising funds through crowd-funding platforms as well. It discusses and analyses which talents are needed by entrepreneurs in order to place them in the best position to attract funds from these platforms. Further, the study attempts to create a bridge between entrepreneurial talent and crowdfunding, hence acting as one of the contributors towards the entrepreneur’s business success. Design/Approach/Methodology: This topic is a novel idea and it aims at examining whether or not entrepreneurial talents, as influencing factors should be taken into account when raising funds from crowdfunding platforms. This paper includes two main parts: theoretical and practical. In the final part, this paper provides lessons learnt. Originality/Value: This thesis will add value to research in the field of crowdfunding and its operation especially when entrepreneur funding is considered. Additionally, the hypothesis that forms the basis of this thesis, advocates for a new mode of sourcing for funds from crowdfunding platforms. This new approach is premised on the idea that the entrepreneurial talent can be a significant influencing factor for successfully raising funds from crowdfunding platforms. The analysis of the case studies will reveal an appropriate pattern of the talents needed and associating factors that will help entrepreneurs become successful in obtaining funds for their business
ventures, when they elect to use crowdfunding as their financing method. Practical implications: There are four practical implications to this paper. The first, is that entrepreneurs who intend to seize the huge opportunities offered by the crowdfunding platforms should place emphasis on convincing the participants in the platforms of their talents rather than placing too much focus on perfect business plan. Secondly, the platform participants should deviate from the traditional approach of WHAT to invest in, to a new approach of WHOM/WHO to invest in. Thirdly, from the perspective of the relatively new crowdfunding industry, this paper proposes for the creation of talent-based crowdfunding platforms as opposed to the project-based ones that are currently operating. Finally, the paper encourages the academic researcher to pursue ideas and new applications in the crowdfunding industry.
Market entry strategy for German mittelstand medical device
companies into the Indian market.
(2015)
German medical devices companies are at the forefront of technology when it comes to innovation and R&D. Most of the European medical device manufacturing companies are located in Germany and the number of patents filed by these companies shows the amount of innovation in the industry. A majority of these medical devices are exported within the European Union countries. Economic slowdown combined with market saturation and increased competition makes Europe a very competitive market for these companies. Indian on the other hand is one of the fasted growing economies in the world. The Indian medical device sector is relatively an untapped markets for innovative medical devices. There are tremendous market opportunities due to the fact that local manufacturing base for medical devices are underdeveloped
and often neglected. Most of the local Indian manufactures are engaged in producing basic medical devices and mostly into medical disposables and supplies. Around 70% of the medical devise sold in India are imported products. There is a huge demand and supply gap that is not being filled by the local manufacturers. India offers the perfect new market opportunity for German medical companies looking to venture into emerging new markets. There is abundant supplied of skilled manpower, with wages lower than that of the neighbouring China. India also has a rapidly growing middle class with increasing purchasing power. However, the regulations in the Indian medical device industry are not very clear and transparent. The Indian bureaucratic system is rampant with corruption and red tapes that needs to be tackled and navigated skilfully. A Germany company looking to enter the Indian market needs to understand that nothing in India can be implemented by a text book style entry strategy. In this thesis, we will analyse few of the most suitable entry strategies for German medical device companies with the advantages and disadvantages of each entry mode. We will also analyse the process of doing business in India, which requires an understanding of various aspect of the Indian culture and business relationship building in India. Further, we will analyse the current market scenario with a brief analyse of the local manufacturers currently in the market along with some information on foreign players in the market. Will also interview 5 experts from the medical field and look into few real case studies.