View on the German work conditions and the economy

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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