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In a time, where supply increases and thus distinguishing oneself from the competition becomes increasingly important, different neuroscientific methods are being used in order to find out what consumers want, how they react to stimuli and how they make a decision. The purpose of this bachelor thesis is to find out how neuroscience can help understand what happens in the human brain, and how neuromarketing influences the consumer behaviour, answering the question whether the drugstore chain ‘dm-drogerie markt’ has the key to the brain of their consumers. By clarifying the neuroeconomic foundations like the structure of the human brain and the human senses, and by explaining the modern measuring techniques which are being used nowadays, the foundation is laid which is needed in order to be able to understand the insights of neuromarketing, its prospects and limitations, as well as Limbic®. By understanding the influence of emotions and motives with regard to decision making, the four ways into the brain of a consumer, as well as the prospects and limitations of neuromarketing, the relevance and importance of neuromarketing becomes clear. Taking a closer look at Limbic® (Limbic® map, emotional systems and the Limbic® types) offers theoretical support, which is being combined with the results obtained from an online survey as well as a store analysis, allowing a clear idea of why ‘dm-drogerie markt’ is this successful and to what extend neuromarketing plays a role with regards to the success. In the end the conclusion is being drawn that ‘dm-drogerie markt’ has the key to the brain of their customers, and that using neuromarketing elements is one of the major reasons for the success.
The Sharing Economy: Bartering, Lending, Renting or Swapping peer-to-peer is an increasing phenomenon in Consumer Behaviour. As a result of overconsumption in society the past few decades and the financial crisis in 2008, consumers’ awareness towards consumption shifted to a more sustainable use of resources to prevent rising CO2 emission, climate change, global warming, pollution of oceans, massive interventions in ecosystems and to support global fairness.
Even though this Collaborative Consumption is still in its infancy, the participation of caring consumers is still rising.
But how sustainable is this new way of consumption, if it is a new phenomenon at all?
By describing the Sharing Economy as a rising business model, its history and the four major drivers for its success the topicality and brisance of this fast-changing appearance get illustrated. The Transportation Technology portrays, how intense Sharing, Bartering, Lending or Selling influences the daily consumer behaviour in twenty-first century.
Mostly, this Thesis evaluates advantages and disadvantages of the Sharing Economy, and finally concludes if Collaborative Consumption is as sustainable as it is proclaimed by its supporters and how influentially and environmentally-sustainable collaborative consumption might be for the future.
The purpose of this thesis is to analyze and optimize accounts receivable management for the locations of the automotive supplier IMS Gear in the United States consisting of IMS Gear Holding Inc. and four subsidiaries. The tangible asset accounts receivable has a significant impact on profit and liquidity of a company and influences cash flow, working capital and customer relationships. An effective, transparent and comprehensive accounts receivable management is therefore crucial for the successful continuation of a company. In the course of this thesis the reader will be provided with definitions of all relevant terms and concepts, followed by theoretical knowledge about process management, including process analysis, problem diagnosis and process optimization. The differences in accounts receivable management between the United States and Germany as well as possibilities of measuring the effectiveness of accounts receivable management and goals of accounts receivable management are treated both practically and theoretically.
On the basis of internal benchmarking and a detailed process analysis, five fields for improvement were defined: creditworthiness, contract management, cash discount, dunning, and avoidance of bad debt. When optimizing a process, it is important to additionally consider all processes influencing the outcome of the concerned process. The optimization suggestions therefore do not only concern the finance and accounting area but rather affect a number of other departments in the company including sales, logistics and the business units. The reader will furthermore be provided with a discussion of suggestions to improve problems detected in the process analysis and internal benchmarking. A summary of the suggested improvements together with their probability of implementation is presented. Discussed suggestions include, among others, the consideration of country specific payment habits, the offer of cash discount for payment in advance and the introduction of the payment term “cash in advance”.
This thesis has proven that even if a process is functioning, optimization is still necessary in order to provide a more effective, reliable, and transparent process. Moreover, process optimization secures the future success and growth of a company and is therefore crucial in today’s fast changing business environment.
This bachelor thesis focusses on the elaboration of a list of requirements for external warehousing including IT services (installation, repair and disposal) in the direct proximity of key customers of Bechtle.
In order to consider all relevant aspects, five affiliates of Bechtle AG based in Germany have been taken into account. Different scientific approaches have been used for the current state analysis and the elaboration of the list of requirements. The product of this thesis is a decision template for Bechtle Logistik & Service GmbH Management whether the concept is to be developed further, or if the approach of a standardized concept contradicts the company’s character. In any case, the taken decision will have significant impact on the company’s strategy as it will send clear signals to all stakeholders. Under the consideration of all findings a recommendation for action is presented.
The Influence of Macroeconomic Indicators Towards Sovereign Credit Rating and Sovereign Bond Spread
(2017)
The main purpose of this thesis is to investigate and to identify the macroeconomic indicators, as the determinants that could impact the sovereign risk. The sovereign risk here is represented by sovereign credit rating and sovereign bond spread. The world economy nowadays has become more globalized. It is becoming essential for all stakeholders in the global economy to become aware of the economic and the financial situation of a country. Sovereign risk interestingly represents not only the economic and financial situation of a country, but also the ability of a country to meet its financial obligation. This indicator plays an important role in attracting capital inflow and investment in a country. By using panel-data
framework, the estimations were built and analyzed to investigate the impact and the influence of the macroeconomic indicators towards the sovereign risk. The sample data of the research consists of 9 macroeconomic indicators as the explanatory variables, each of them includes 50 countries and 10 years of time period. Two separate panel data estimations with fixed effects model were created for each of the dependent variable, sovereign credit rating and sovereign bond spread. The results indicated that central bank rate, government debt level, total government reserves and unemployment rate have significant effects on the sovereign credit rating. Moreover, the results also indicated that current account balance, GDP growth rate, government debt level and unemployment rate have significant influence on sovereign bond spread. As both estimation share 3 significant explanatory variables, this implies that they are closely related.
Analysis of the scrum implementation and establishment at Mercedes-Benz Cars 2020 Best Finance
(2017)
In an increasingly complex and dynamic world organizations must be able to be adaptive and act more flexible to remain competitive and sustainable. This also applies for the implementation of long-term projects which is the focus of this thesis. Project organizations increasingly tend towards agile process models (scrum) in project management as an alternative to traditional process models (waterfall) in order to increase the project efficiency through greater flexibility and transparency.
This bachelor thesis deals with an analysis of the scrum implementation and establishment in the project Best Finance at Mercedes-Benz Cars. After the theoretical foundations of the traditional process model are explained another part reviews the implementation of it in Best Finance. In this context, the challenges with this approach based on theory and experienced in Best Finance are identified to justify the transition to agile methods. Main object for the practical part constitutes a research concept to analyze and evaluate Best Finance based on scrum. The basis of the concept constitutes the generally valid project management success factors which are complemented by questions of the agile theory.
The interrogation with the representatives of Best Finance by means of quantitative and qualitative data collection serves as an information source for the research concept. The project management success factors are evaluated and analyzed. Main results show that the agile process model is still at the beginning regarding its operational application, though, the project organization of Best Finance made first positive experiences with this approach. However, the analysis also reveals that there is still potential for improvement regarding the project procedure based on scrum. The practical recommendations suggested at the end of the thesis aim at creating a better understanding of scrum and the promotion of the establishment in Best Finance.
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.
The promotion of Fruits and Vegetables (F&V) is challenging, especially in the past
centuries. The difficulties in branding or advertising arise from traits of the produce,
making it less presentable than manufactured products. Modern farming technologies
ensure better produce appearance, therefore, need to re-examine the possibilities of its
promotion. The technology changed, so had the dietary trend. In contrary to modernised
farming, F&V advertising that appeared to be a carry-on from the 40s had seemingly
dissociated itself from consumers. This paper collected results from empirical studies.
Most of the works, however, conducted experiments with manufactured products, might
not apply to fresh produce. Discussions on the relevance of the sources are, therefore,
necessary. This research identifies a lack of branding of fresh produce, which could be a
direct causal for inactive promotion. Further examinations suggest deeper market
segmentation, which helps the marketer to create a better advertisement. The research
also notices many researchers regard promoting nutritional value as equivalent to
effective advertising, which leads to higher consumption. Promoting nutritional value,
however, appears to be merely attractive to the certain consumer. In many cases, other
mechanisms, for instance, originality, health, fun and other emotional tags, could attract
more attentions.
The study attempts to analyze the short-term effects of merger and acquisition bids of German acquirers on the stock prices of two involved companies. On the announcement day, a statistically significant average abnormal return of 11.5% is found for the target firms compared to an insignificant negative abnormal return of -0.28% for bidding firms, and the synergistic gain for involved firms is 5.72% on average. The strategy of specialization or diversification shows strong evidence that it has a large impact on the short-term stock returns with specialization triggering stronger abnormal returns than diversification bids for bidding firms and substantially smaller price reaction for target firms. The outcome also suggests that higher target cash-to-market-value ratio leads to significantly lower abnormal returns for target firms during the announcement period.
Die Produkteinheit DGS-EC bei der Robert Bosch GmbH steht vor der Problemstellung von Intransparenzen in den Forschungs- und Entwicklungskosten im Regionen-Controlling. Primärkosten der Regionen sind nicht transparent genug, um eine aktive Steuerungs zu gewährleisten.
Ziel dieser Arbeit ist es, den aktuellen Steuerungsprozess von Forschungs- und Entwicklungskosten im Regionen-Controlling zu analysieren und optimieren, um mehr Transparenz zu schaffen. Das Ziel der Optimierung hängt stark von der Konzerngestaltung und Zusammenarbeit der zentralen und dezentralen Controllern ab.
Im ersten Schritt wird der Steuerungsprozess der Forschungs- und Entwicklungskosten mit Hilfe von Transparenzkriterien aus der Literatur und abgestimmten Kriterien mit den Controllern sowie Interviews mit den dezentralen Controllern aus den Regionen analysiert und bewertet. In diesem Zusammenhang bestätigt die Wissenschaft, dass die Konzerngestaltung den Zentralisierungsgrad und Dezentralisierungsgrad im Regionen-Controlling vorgibt und die Zusammenarbeit der zentralen und dezentralen Controllern den weitergegebenen Informationsgehalt bestimmt. Analyse und Bewertung zeigen Optimierungspotenziale im Steuerungsprozess auf, die durch passende Ansätze ausgeschöpft werden. Die Ansätze sollen im ersten Schritt zu einer Optimierung des Steuerungsprozesses führen, um somit die Transparenz der Forschungs- und Entwicklungskosten im Regionen-Controlling zu erhöhen und eine aktive Steuerung zu gewährleisten.