Interview

Transformation in Family Businesses: What Does It Take for the Shift? Recommendations and Insights from Dr. Tim Bauer

Recommendations and Insights from Dr. Tim Bauer

What effect does the family factor have on change processes in family businesses? Our partner Dr. Tim Bauer researched this topic years ago. In 2012, he completed his PhD on "Innovation Processes in Family Businesses." Prior to that, he worked at the Chair for Family Businesses, advised young founders, and studied renowned family businesses from the German Mittelstand. That he now advises family businesses in transformation processes is partly because he himself comes from a family business and managed the company for a decade with his brother.

Strategy & Corporate Performance

Use sales power to put the crisis behind you

The mighty Association of German Industry (BDI) recently said the country’s "export-oriented economy must prepare itself for difficult times” in the wake of the coronavirus crisis. In view of such gloomy forecasts, it’s always heartening to hear about companies that are flourishing in the crisis and making use of unexpected opportunities – serving customers that had been out of touch for a long time in considerable volumes. These companies should now strengthen these rekindled customer relationships with some new sales power.

Digital Strategy

How is Digitalization Restoring the Furniture Industry?

Even before the outbreak of the coronavirus pandemic crisis, the German furniture trade was confronted with subdued economic prospects and declining overall sales. In February 2019 – incidentally, after a prolonged phase of moderate growth – the sector focus on furniture reported on the “downward trend in the furniture market.” According to this report, the German furniture market recorded a decrease of 1.3 percent in 2018. Sales fell to 19.9 billion euros.A good year later the surprise came: 20.55 billion euros in sales in 2019, according to the home in March 2020, but in the same month the lockdown forced stationary trade to a standstill, while online sales skyrocketed.

News

We Moved! - Take a Look Behind our New Curtains!

Admittedly, the decision to move into new office space was a bit behind schedule: as part of our rebranding, we had expanded our expertise, completed our digital transformation and started to live our cultural change. The crowning glory of the transformation was recently confirmed by the German Design Council in Berlin when we were awarded with the German Brand Award as the winner in the category 'Excellence in Brand Strategy and Creation'. “That is the confirmation: We have also completely convinced the demanding professional audience of our rebranding", says Julia Hammer, change agent and shareholder at enomyc.

Strategy & Corporate Performance

Service: How Organizational Anchoring Works

While the demand for garden furniture is rising, Lufthansa is waving the “homecoming guarantee” flag, clearly demonstrating that homogeneous customer needs can be identified and translated into intelligent and profitable services, especially in times of crisis.  Which service has inspired you most recently and why?  

Digital Strategy

Best Practice for Digitization: RASTAL’s Smartglass®

Manufacturing companies can also act as solution providers through digitization. RASTAL has done well in proving this with its Smartglass® concept. How can products be digitized in a tangible way and innovations be successfully implemented?We met RASTAL’s managing partner Raymond Sahm and the strategy expert Dr. Stefan Frings of enomyc for an interview: what did it take to develop a good idea and to transform it into a functioning product with a profitable business model?

Strategy & Corporate Performance

Supply Chain Realignment - a ten-point action plan

The fate of our global supply chains has even occupied the tabloid press in recent weeks. As the coronavirus spread, it worried about empty supermarkets shelves, idle car factories, an entire economy on the verge of ruin. When an issue makes the leap from consultants’ presentations to, say, Germany’s Bild newspaper, the situation must be dramatic. But we shouldn’t tumble headlong into doing something – anything – to put things straight. The crisis has created different supply-chain problems for different industries, so we need different and sector-specific solutions.

Strategy & Corporate Performance

Supply chain realignment – different solutions for different problems

The fate of our global supply chains has even occupied the tabloid press in recent weeks. As the coronavirus spread, it worried about empty supermarkets shelves, idle car factories, an entire economy on the verge of ruin. When an issue makes the leap from consultants’ presentations to, say, Germany’s Bild newspaper, the situation must be dramatic. But we shouldn’t tumble headlong into doing something – anything – to put things straight. The crisis has created different supply-chain problems for different industries, so we need different and sector-specific solutions.

Strategy & Corporate Performance

Leadership in the Crisis

It seems as if proven process flows must now be catapulted directly into the future! The COVID-19 pandemic is forcing many companies to rethink established work processes and realign their organizational structures. How do entrepreneurs gain clarity now? How do they manage their company correctly? What does it take to redesign departments and processes intelligently, and what new opportunities can companies now also offer themselves?

Strategy & Corporate Performance

The Corona crisis from the perspective of an insolvency expert

The Corona crisis is changing our entire economic life to date. Every day, there is a new household name in the press that has filed for insolvency. At the same time, many healthy companies are having to take on extremely high levels of debt as a result of the crisis in order to survive at all.Will there also be international group insolvencies of large listed companies? Is the actual wave of insolvencies not expected until later - into 2021/22? And aren't some companies currently taking advantage of the situation to implement long overdue restructuring measures?We interviewed Dr. Tjark Thies, a specialist in insolvency law at Reimer Rechtsanwälte. How does he assess the current situation and its effects?

Strategy & Corporate Performance

How to Receive Privileged Financial Resources?

Will COVID-19 aid only be available to companies that were healthy and profitable before the crisis? Uwe Köstens, managing partner at enomyc, sees the danger that only those companies that are healthy, according to the KfW’s terms of allocation and EU regulations, will be able to benefit from privileged financial programs. How does he see the current situation? How does he see the future, and what has the current situation prompted him to do? A commentary.

Get industry insights now!