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Doing Business EU
| Question | Answer |
|---|---|
| What is "Soziale Markwirtshaft"? | Is a German word for the combination of two system, capitalism and socialism, it combine private enterprise with government regulation to establish: far competition, low inflation, low unemployment, standards for working condition and social welfare. |
| What does Germany geographic location means for doing business in Europe? | number of neighbors, positive balance, top exp and imp partners are neighbors, facilities of being in the E.U. |
| Name the main characteristics of the German economy | size of the economy, GDP real growth, gross, composition, industrial products, attractiveness for foreign investors, infrastructure, age structure, growth rare and immigration. |
| What does the label made in Germany mean? | Started as British warning, later became a symbol of quality, now a days outsourcing makes the word "made in" more ambiguous, e.g. Porsche in Slovakia |
| Holder of patents in Europe and world and its implications | De(13K),USA(13K), Japan,(11k), U.K(1.9K), Ned(1.8k)protect the right of ownership so org.can make investment in R&I for new products because they if they come with positive results they will only be able to commercialized the product & course of resources |
| Export and Import partners in Europe in general | For Germany: import(NE,FR,IT,UK,BE,RU,AUS,SW)->30%, export(FR,UK,NE,IT,AUS,BEL,SP,POL,SW)->30%, possible EU free trade, same currency, commercial agreements. |
| Please discuss the German economy what are some key characteristics of German Products? | Ex & Imp (Mach,Veh,Chem,Metal,Food,Tex)highlight intersectoral trading, can mention imp and exp partners again, infrastructure, quality, mittlestat and they supply of specif niche and the role of that in patents. |
| Features of German infrastructure | densest railway system worldwide, many international airports & seaports. Currently is the 3rth country worldwide in quality of infrastructure. -foreign inv, -green economy, -last mile |
| Business environment, mention some pos and neg aspects. | DE(20)+:getting electricity (2), enforcing contracts (5), trading across borders (13) ,,,-:starting a business (106), protecting investors (100), compare to USA(4) & homecontry(48) |
| Important step for starting a business | 9 procedures, 7 days, 1561 E: name, notary,b-account, notary, notify local office,register w/professional association, notify labor force, register employees, mail out doc. to tax office |
| Describe the most important forms for doing a business. | Sole proprietorship:for start ups and small business, low formal cost, manages by the founder/owner Partnership Gbr,Ohg,Kg suitable for S,M,L, formall cost 1,22 manages by ALL,several,non-partners Corporatoin Gmhn ,Ag: M-L, 25k,50k,partner, shareholder |
| What is the role of small and medium size business in Germany? | Contrast general thinking, German economy is comprise in >85% by small and medium size enterprises, preserving business for next generation, focus on sophisticated expensive products (patents){niche}, role in apprentinceships |
| What does the current economic crisis mean for doing business in Europe? | slow economical growth of the European countries,step back to doing business w/all the parity conversion,some states will became bankrupt inflation rise, purchasing power down, |
| Name six major German companies and explain a little bit about them :) | Volkswagen, Deutsche Bank, Commerzbank, Metro AG, Rewe, Deutsceh Telekomm |
| Characterized shortly the main issues of Daimler company | 125 years old, producing luxury cars Mercedes C&B bread and butter in USA, Maybach, 3 a day RU,AR, CH and buses most used in EU, offers financial services, |
| Please characterized the German banking system | Specialized:one thing and Universal (30%Commerce,50%saving, 20%cooperative): varios services, in Germany there are more Universal but tendency is toward specialized becuase of "to big to fail" policy. |
| Please discuss the opportunities to get financial assistance to open a business | ktW bank group, describe the option |
| From the theoretical framework of Hofstede compare German business culture to European culture. | Germany, France,Mexico, Slovaquia PDI:35,68,81,104 IDV:67,71,30,52 MAS:66,43,49,110 UAI:65,86,82,51 LTO:31,39,-,38 |
| Please discuss the German culture of gift giving: | Concern of being accused of corruption or having moral obligation w/the gift giver.Is not recommended before a contract is sealed because your intentions may be highly misinterpreted. The larger the gift, the more official and public the giving should be. |
| Please discuss the problem of corruption from a comparative European perspective | Corruption hampers the economic growth & development, scarce allocation of resources, no development of efficient market structure or fair competition , theory that it helps cause less bureaucracy, wrong in macro |
Created by:
jnartig
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