This elaboration deals with the issue of the previous recession.
After a detailed definition of the business cycles, their prediction and significance in the economic area, the emphasis was placed on the German information technology industry and examined. The global economic crisis had a significant impact on exports and investment-based industries. In contrast to other industries, this sector was able to recover relatively quickly from the market breaks. By using the Diamond Porter analysis, it was found that this was also due to the economic situation in Germany, thus highlighting Competitive advantages over other economic areas in the regeneration of market shares.
Table of Contents
1 Introduction
1.1 Economic crisis
1.2 Business context
1.3 Purpose of Research
2 Review of current thinking and Definitions
2.1 Business Cycle
2.2 Business Cycle indicators
2.3 Recession
3. Global Financial crisis
3.1 Influence on the German information technology sector
3.2 Crisis behaviour of the German information technology sector
4. Market situation after the crisis
4.1 IT competitive situation with Porter Diamond Model in Germany IT Industry
4.2 Demand Conditions
4.3 Factor Conditions
4.4 Firm, Strategy, Structure and Rivalry
4.5 Government
4.6 Chance
4.7 Related and Supported Industry
5. Data Analysis and Interpretation
6. Conclusion
Research Objectives and Themes
This work aims to provide a comprehensive analysis of the impact of the global financial crisis on the German information technology industry. By examining economic cycles, recessionary trends, and applying the Porter Diamond Model, the research investigates how the sector experienced, managed, and eventually recovered from the market disruptions that followed the 2008 financial collapse.
- Analysis of global economic cycles and the definition of recession.
- Evaluation of the specific impact of the 2008 crisis on German IT companies.
- Application of the Porter Diamond Model to assess competitive advantages.
- Interpretation of trade data and export trends in the post-crisis period.
- Identification of recovery strategies and state-level policy influences.
Excerpt from the Book
3.1 Influence on the German information technology sector
According to the market research institute Gartner, a negative order situation for information technology companies was predicted by 3.8 percent to 3.2 trillion US dollars with the help of early indicators. In fact, the market for IT companies shrank by 6.7%. According to the German society for the IT-Industry, this is due to budget reductions of potential customers. The market for IT spending stalled because of the poorer conditions and reservations on investment loans. Hardware companies in the server sector even had to bear more with 14.9% losses than their service providers of the IT telecommunication they only 8.6% lost. German IT companies that were held in the Tech-Dax as shown in Figure 6 lost 47% at the end of 2008, compared with the beginning of the year. This is a historic low, exceeded the IT bubble in 2001, where Tech-DAX companies had to accept a 22.5% share losses (Eurostat, 2013).
Summary of Chapters
1 Introduction: This chapter introduces the economic crisis triggered by the 2008 real estate bubble and defines the research scope concerning the German IT sector.
2 Review of current thinking and Definitions: This section provides a theoretical foundation by explaining business cycles, their indicators, and the nature of recessions.
3. Global Financial crisis: This chapter analyzes the global collapse of financial systems and explores its specific negative influence and behavioral impact on the German IT market.
4. Market situation after the crisis: Using the Porter Diamond Model, this section evaluates the structural and competitive factors that enabled the German IT industry to regenerate after the crisis.
5. Data Analysis and Interpretation: This chapter presents empirical trade data and analyzes export patterns to interpret the recovery and trade balance of the industry.
6. Conclusion: The concluding chapter synthesizes findings, noting that the structural elements of the German market provided significant advantages for post-crisis recovery.
Keywords
Economic Crisis, Business Cycle, Recession, German IT Industry, Global Financial Crisis, Porter Diamond Model, Market Competitiveness, GDP, Trade Balance, Export, Economic Recovery, Financial Market, Supply Chain, Investment, Infrastructure
Frequently Asked Questions
What is the core focus of this publication?
The work focuses on the impact of the 2008 global financial crisis on the German information technology industry and examines the subsequent recovery process.
What are the primary thematic areas covered?
The main themes include economic cycle theory, the specific crisis behavior of the German IT sector, and the application of Michael Porter's Diamond Model to understand national competitiveness.
What is the primary objective of this research?
The objective is to provide a detailed presentation of the IT sector's relationship to the financial crisis and to identify the solution paths that facilitated the industry's recovery.
Which scientific methodology is employed in this study?
The study utilizes literature review for theoretical definitions, historical data analysis of economic indicators, and the application of the Porter Diamond Model for structural industry analysis.
What topics are discussed in the main body of the work?
The main body covers the mechanics of business cycles, the impact of the crisis on IT hardware and service providers, market competitive factors, and an interpretation of export-import data.
Which keywords best characterize this work?
Key terms include economic crisis, business cycle, recession, Porter Diamond Model, and German IT industry.
How did the German IT industry perform compared to other sectors during the crisis?
According to the text, while the sector suffered significant losses, it was able to recover relatively quickly compared to other industries by leveraging structural competitive advantages.
What role did the Porter Diamond Model play in this analysis?
The model was used to evaluate competitive factors such as demand conditions, factor conditions, and firm strategy to explain the industry's ability to regenerate market shares after the crisis.
- Arbeit zitieren
- Hosni Zacriti (Autor:in), 2017, Influence of the last global economic crisis on German IT industry and its further development, München, GRIN Verlag, https://www.grin.com/document/383593
