A view on Germany: Economy, culture, chances and challenges
Berlin, 1st October 2014 Dr. Franziska Frank Program Director ESMT
Wilhelm ll. 1. August 1914 1
Wilhelm ll. 1. August 1914
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European School of Management and Technology
Some key facts and figures
• 4th largest GDP worldwide as well as 4th largest exporter • Nr. 6 in the Human Development Index • 80,6 Mio Inhabitants (80 % German, 10 % other Europeans) • Life Expectancy 80.4 years and • Beer is considered a food in Bavaria • The cologne cathedral took 632 years to build • The Rindfleischetikettierungsüberwachungsaufgabenübertragungsgesetz (RflEttÜAÜG) (law delegating beef label monitoring) was deleted due to a new law passed in Brussels
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Key elements that lie behind Germany’s success
Dual System
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Something to do also with conservative values? Company
Key product
Year of foundation
Age of company
# CEO
Average time per CEO
Glasbau Hahn
1836
Glass cases for museums
158
4
39.5
BĂśllhof
1877
Screws
117
3
39.0
Seca
1840
Medical scales
154
4
38.5
Haribo
1920
Gummy bears
75
2
37.5
EJOT
1922
Self-cutting screws for plastics
72
2
36.0
Stihl
1926
Motor saws
68
2
34.0
Von Ehren
1865
Large living trees
130
4
33.3
Carl Jäger
1897
Incense cones and sticks
97
3
32.3
Loos
1865
Steam and hot water boilers
129
4
32.2
Bizerba
1866
Electronic scales
128
4
32.0
Probat Werke
1868
Coffee roaster
126
4
31.5
Bruns
1875
Plants and trees
120
4
30.0
Source: Herman Simon, Hidden Champions 9
Or the engineering focus particular in the Mittelstand?
Source: Herman Simon, Hidden Champions 10
Germany is aided by a clear focus on the future‌.
Malaysia + Japan
Belgium + Sweden
France
Korea
Russia
USA + Germany
R China + Nigeria
Hong Kong
Source: Cottle
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… covering most aspects of life
„This new king of ours, this George the First, he is very German, isn‘t he?“
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Some considerable challenges need to be faced….
Global
Local
Today/Future
History
Leading
Avoiding
Pro Technology
Technology averse
Focus on education
Weeding out
Professional
„Authentic“
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.. in particular in our working culture
Source: The Globe Study
Respective country
Gap between highest and lowest value
Looking ahead there is hope
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Thank you
Dr. Franziska Frank Program Director Franziska.Frank@esmt.org +49 172 17 06 409
ESMT European School of Management and Technology Schlossplatz 1 10178 Berlin, Germany Phone: Fax:
+49 (0) 30 21231 8060 +49 (0) 30 21231 8001
info@esmt.org www.esmt.org
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