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.

Digital Strategy

Seeding GenAI: Cultivating Organic Growth in SMEs through genAI

Disruptive technologies such as genAI are becoming increasingly important in the business world. This presents the upper midmarket segment with the challenge of not only understanding these technologies as a trend, but also applying them in practice in order to best increase efficiency and innovative capacity. Concerns that the barriers to entry are too high for SMEs are unfounded, says head of innovation at enomyc and author, Franz Wenzel.

Digital Strategy

From Idea to Implementation: How Innovations Change the Consulting World

New technologies and ground-breaking innovations are topics that most of us would expect to find in Silicon Valley rather than in German SMEs. The long list of German SMEs whose products and solutions are in demand all over the world shows that this is not the whole truth. The secret of their success: above-average innovative strength. The Top 100 competition honours precisely such companies. This year, enomyc is also among the winners.

Digital Strategy

Crime as a franchise model: How hacker gangs work and what companies should know now about cyber risks

Nine out of ten companies are victims of data theft, espionage or sabotage. Practically any company can become a victim, from a small tax consultant to a major international corporation. The extorted ransoms reach ever more dizzying heights and lead many a company into insolvency. Which actors and structures are behind the cyberattacks and, above all, how can one protect oneself? That's what we asked Andreas Persihl.

Digital Strategy

“You are f****d”: What helps during cyber attacks?

Cyber-attacks put the crown on polycrisis. They are extremely sophisticated and criminals are often several steps ahead. Experts have long known that attacks cannot be avoided. What matters is how companies react to them. "Incident response" instead of "headless chicken mode": How does that work exactly? What should be the first steps in an emergency? Philipp Seebohm from AON shares insights and recommendations from eight years of cyber risk management.

Digital Strategy

bulkvision: An Innovative Blockchain Solution for the Food Industry and Retail

Hans-Dieter Philipowski is an engineer and for more than 25 years, he has built cleaning plants as an entrepreneur in Europe and Russia. As the founder of ENFIT e.V. - International Association - Supply Chain Safety, he knows the grievances that prevail in the food transport industry and knows what risks can arise for consumers and companies. His innovative blockchain cloud-solution bulkvision is now able to account for the complete traceability of food transportation and raise food safety to a new level. For this, bulkvision was nominated by the networ, „Die Deutsche Wirtschaft“ for the "Innovator of the Year 2020" award.What exactly does the solution do? How do the food industry, trade, logistics and consumers benefit? And what did it take to develop such an innovation in the first place? Learn more in our latest interview with Hans-Dieter Philipowski.

Digital Strategy

3 Typical Pitfalls During the Digitalization Process

Digitalization has become an indispensable part of our everyday life. It is becoming increasingly important for consumers and companies alike and is equally driving the demands of all to the extreme.In addition to the gigantic opportunities and market potential that digitization offers, it also presents companies with perhaps the greatest challenge since its inception. Be it with regards to services or products: innovation is required! But so are fast adaptation and intuitive operability.What do our digitalization experts observe at enomyc? What are the three biggest pitfalls that are encountered during the digitalization process? How can companies recognize them in time, and how can they avoid them?

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.

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?

Digital Strategy

1 year enomyc: Insights from the digitization and rebranding process

Exactly one year ago, "K & H Businesspartner" presented itself with a completely new brand identity. Today we are celebrating 1 year of enomyc. What exactly were the motivations for the rebranding? What were the biggest challenges in the digital transformation process and what are the benefits for companies we advise? Julia Hammer, Change Officer and Director at enomyc, talks about this in an interview.

Digital Strategy

Automotive sales in upheaval: How can dealers compensate?

The automotive industry is undergoing a significant transformation: new technologies are emerging; society and law are driving change; emission standards are being enforced; the automotive market in Germany is a temporary collapsing decline; and cell phone user behavior is also changing. Questions have arisen about the drive technologies of the future, electromobility, digitization, autonomous driving, and AI. How does the digital age influence customer thinking, and how can medium-sized car dealers in particular effectively adapt to it? Dr. Daniel Tomic, partner at enomyc, has dealt with the topic in more detail.

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