The main purpose of this dissertation is to study which challenges foreign companies are faced with in Germany and outline the strategies and opportunities for related companies with special focus on the management consulting.
When the challenges are taken in a wide view, simultaneously the companies can perform the analysis of opportunities and strengths against threads and weaknesses. The challenge based strategies will create economic and social value for the companies.
The dissertation concludes that foreign companies can create competitive positions in Germany when they develop the understanding of challenges they face and innovative strategies based on their different culture and specific advantages. Additionally, management consulting can help to support the implementation of strategies and models.
Germany has a leadership role among surrounding European countries and is the fifth largest economy in the world. It has a very high degree of openness for international trade and business. Germany has established itself as a key economic power on the global stage making doing business in Germany more attractive than ever. In Germany, business culture is defined mostly with efficiency, quality and high technical standards and discipline. The business climate is very positive. Furthermore, the consumers have plenty of savings in the pockets.
Doing business in Germany without adequate cross-cultural awareness, however, is a risky proposition. Many entrepreneurships and business relationships come to an end even before they begin. The values of German business culture at the root of the country's economic success can also prove a source of cross-cultural misunderstanding for global companies doing business in Germany. The intercultural differences and misunderstandings very often result in critical loss of time and money.
The foreign companies in Germany have noteworthy risks and challenges. It is essential to understand the business environment and partners. Especially with Germans, even small issues can be crucial. If the foreign business partner has not enough understanding or experience about the differences of German business environment and culture, even speaking to a potential German business partner can create unexpected problems and results.
Inhaltsverzeichnis (Table of Contents)
- ABSTRACT
- INTRODUCTION
- DEFINITIONS AND BACKGROUND
- Political System
- Global Competitiveness Index of Germany
- Geography and Population of Germany
- Demographics and Religion Structure
- CHALLENGES FOR FOREIGN COMPANIES IN GERMANY
- Complexity of regulations and bureaucratic procedures
- Complicated tax laws and high tax rates
- Transfer Pricing
- Local Accounting and reporting
- Communication with Business Partners
- Organizational Structure of Company
- The Lack of qualified personnel
- Brexit
- Sanctions by USA
- Other Challenges
- Survey Results
- OPPORTUNITIES
- Incentives
- E-Commerce
- Accounting and Reporting based strategies
- Labour and Employee related strategies
- Finding Suitable Staff in Germany
- Integration of international assignment program to reduce the labour shortage
- The Employment Related Requirements and Models
- Survey Results
- MANAGEMENT OF CONSULTING SERVICES
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This dissertation examines the challenges faced by foreign companies in Germany, specifically in the management consulting sector. It aims to provide an understanding of these challenges, explore potential strategies and opportunities for companies to overcome them, and highlight the role of management consulting in facilitating successful implementation.
- Challenges faced by foreign companies in Germany
- Strategies and opportunities for foreign companies to succeed in Germany
- The role of management consulting in supporting foreign companies
- The impact of cultural differences on business strategies
- The importance of developing innovative strategies to overcome challenges
Zusammenfassung der Kapitel (Chapter Summaries)
The dissertation begins by establishing a foundation for understanding the German business environment, including its political system, economic competitiveness, geography, population demographics, and religious structure. It then dives into the specific challenges faced by foreign companies in Germany, such as complex regulations, bureaucratic procedures, complicated tax laws, high tax rates, transfer pricing, local accounting and reporting requirements, communication barriers, organizational structure differences, lack of qualified personnel, Brexit, and sanctions from the USA. The dissertation also explores opportunities available to foreign companies, including incentives, e-commerce, accounting and reporting strategies, and labor and employee related strategies. This includes finding suitable staff, integrating international assignment programs to address labor shortages, and navigating employment requirements and models.
Schlüsselwörter (Keywords)
Foreign companies, Germany, management consulting, challenges, opportunities, regulations, taxes, transfer pricing, accounting, reporting, communication, organizational structure, personnel, Brexit, sanctions, incentives, e-commerce, labor, employment, strategies, cultural differences, innovation, competitiveness.
- Quote paper
- Okan Yildiz (Author), 2019, Choosing the Right Business Strategies for Foreign Companies in Germany, Munich, GRIN Verlag, https://www.grin.com/document/922898
