Doing Business in Germany

In: Business and Management

Submitted By mroger3
Words 1711
Pages 7
Doing Business in Germany

September 12, 2015
Doing Business in Germany
Conducting business abroad in Germany introduces a different culture and different practices. Before committing to doing business in Germany it is important to consider factors such as differences in location, language, culture, meeting etiquette, negotiation styles and business protocol. If these considerations are addressed before hand a business endeavor in Germany will have a better chance of succeeding (Varner & Beamer, 2011).
Germany is a federal republic located in central Europe. Germany is the eighth largest country in Europe after Russia, Turkey, the Ukraine, France, Spain, Sweden, and Norway. It is located centrally on the European continent and borders nine other countries: Denmark, the Netherlands, Belgium, Luxembourg, France, Switzerland, Austria, the Czech Republic, and Poland (Chow, 2015).
With the biggest population of all the European Union countries, Germany’s population density is one of the highest in all of Europe at over 230 persons per square kilometer. The UK, Netherlands, and Belgium are the only countries in Europe with a higher population density (Chisolm, 2011).
The official language of Germany is German. As would be expected, the majority of German citizens speak German (over 100 million people). Some minority languages in Germany include Danish, Sorbian, Frisian, and Romany. Turkish, Kurdish, Polish, the Balkan languages, and Russian are the most commonly spoken by immigrants to Germany. German is the language consisting of the most native speakers in the European Union. Worldwide, as a foreign language, German is the third most taught. Additionally, it is the second most widely used language on the Internet. Over the last 30 years, almost all German citizens have been required to learn at least one foreign language in school. This is usually English.…...

Similar Documents

Germany and South Africa Business Ethics

...Business ethics can be described as different things everyone has their own thoughts on what business ethics are or should be, different parts of the world are also looking at things the same way Germany, South Africa, and the United States of America can be described as three totally different countries with different languages and totally different ways of life, so of course their business ethics are going to be different. Germany and Southern Africa have very different business ethics, a brief summary of Germany’s business ethics would be that Business Administration is different than business ethics and that business administration does not need business ethics. “Business ethics are not recommending the normal, principles and rules but, rather about anything and discussing them.” Using models of economics in ethics is important for setting the business ethics. Business ethics are considered a framework for the economy, and in order to have a framework there must be rules, but sometimes the rules overlap other rules and therefore making an imperfect framework. Analyze for moral problems is done in business ethics, “It is important for business ethics that different kinds of scientific statements require different criteria of verification.” “Integration of business ethics and business administration is necessary in Germany.” Germany has a record for being known to stick to moral ethics which result in good business ethics. The two German representatives of business......

Words: 1475 - Pages: 6

Cultural Aspects of Doing Business in Germany

...Introduction a. Economy b. Business practice c. Customs and Protocols 2. Meet and Greet Etiquette 3. German Management Style 4. Negotiations 5. Conclusion Abstract Cultural challenges will occur when taking an American base company to doing business in Germany. Risks will need to be evaluated and overcome relating to the startup of a business in Germany. To identify these risks major differences and incompatibilities between U.S. and Germany need to be identified to guarantee the successful start of a business. Identify and evaluated opposing customs and protocols, cultural differences in business environment and research any trade barriers. Examine Germany’s meeting and greeting etiquette their beliefs and feelings of personal time and how they coincide with business. Understanding Germans culture, manners, economy and business practices will give a clearer vision on what to do and how to present oneself during a business presentation. These will all be discussed in the following pages to give a better picture on the customs and cultures on business etiquette in Germany. Introduction: The largest challenge in starting a business in Germany is to understand the way they do business and what the workforce is like. Being able to adapt to the cultural aspects of doing business in Germany requires understanding who they are and how they work. Germany is around the size of......

Words: 1721 - Pages: 7

Conducting Business in Germany

...Conducting Business in Germany October 15, 2013 Table of Contents Page Introduction 3 Purpose 3 Management Structure 3 Management Style 4 Communication 4 Presentations 5 Meetings 5 Business Attire 6 Entertaining 6 Twenty Tips for Germany 7, 8 References 9 Introduction Germany is one of the world’s largest economies and has a leading position in manufacturing and production. In Germany, greater attention is paid to academic, technical education and its value to business world. Knowing how to conduct business properly in Germany is an important key to closing a business deal. Purpose The purpose of this brief is provide the company’s businessmen with some basic information on conducting business in Germany. This brief will cover following information: Company Management Structures, Management Style, Communication, Presentations, Meetings, Business Attire, Entertaining and Twenty Tips for Germany. Company Management Structure German companies are very structured and that the majority of the power is in the hands of a few senior managers. In the larger companies they do have boards they have a Supervisory Board called the (Aufsichtsrat) which appoints the Management Board which is called (Vorstand). When it comes to these two boards the management board is the final decision maker on policy dealing with management (World......

Words: 1704 - Pages: 7

Doing Business in

...Doing Business In (Report) Leeds Metropolitan University Module: Global Business Context Doing Business In... Index 1. Introduction .................................................................................................................. 3 2. Justified country choice ................................................................................................ 3 3. Most important Characteristics seek by the company. ................................................. 4 4. How Australia fulfils the requirements. ....................................................................... 5 5. Relevant Aspects of the Australian Macro and Micro Environment............................ 6 5.1 Macro Environment. ............................................................................................... 6 5.2 Micro Environment................................................................................................. 6 6. Conclusion .................................................................................................................... 7 7. Bibliography ................................................................................................................. 8 Page 2 Doing Business In... 1. Introduction Firstly, the focus of this report will be to analyse conclusions from Global Business Context task 2 and with suitable references indicate the most appropriate country to export my student support agency service. Likewise the......

Words: 2514 - Pages: 11

Doing Business

...Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing Business Doing......

Words: 512 - Pages: 3

Doing Business in Brazil

...oing Business in Brazil * Market Overview * Market Challenges * Market Opportunities * Market Entry Strategy Market Overview The Federative Republic of Brazil is Latin America's biggest economy and is the fifth largest country in the world in terms of land mass and population with about 192 million people. Brazil’s economy, the 6th largest in the world, grew 2.7% in 2011. Growth slowed due to reduced demand for Brazilian exports in Europe and Asia, despite solid domestic demand and a growing middle class. During the past decade, the country has maintained macroeconomic policies that controlled inflation and promoted economic growth. Inflation was at 6.5% in 2011, and urban unemployment reached a historic low of 6.0%. Interest rates, though high compared to the rest of the world, remained historically low at the Central Bank benchmark rate of 8.0% as of July 2012. In 2011, the U.S. was Brazil’s largest source of imports followed by China, Argentina, Germany, and South Korea. U.S. merchandise exports to Brazil in 2011 were US$42.9 billion, and U.S. imports from Brazil were US$31.3 billion. Market Challenges Brazil has a large and diversified economy that offers U.S. companies many opportunities to export their goods and services, and U.S. exports are increasing rapidly. Doing business in Brazil requires intimate knowledge of the local environment, including both the explicit as well as implicit costs of doing business (referred to as the “Custo......

Words: 845 - Pages: 4

International Business - Country Analysis - Germany

...EXECUTIVE SUMMARY This report was commissioned to do an analysis of Germany and make a recommendation as to whether or not to a large Canadian company should expand its foreign operations in Germany. The country was analyzed based on its Macro Environment – country description, Political situation and stability, Legislation, Economic conditions and Cultural issues, as well as on its Factor Endowments. The findings show that Germany has an overall stable and healthy economy with excellent advanced factors of production – especially in regards to productivity and innovation. With new ties to Canada, through CETA, legislation will be easier to deal with. The country also has a similar culture and stable politics. The risks of falling GDP and low FDI do not outweigh the benefits and FDI should soon increase with Germany’s new agreements with Canada and is soon to do a similar deal with the US. It is recommended that foreign operations be expanded into Germany. Operations should proceed cautiously with wages that are stagnant in Germany and try to provide a fair wage to encourage further training and enhance the economy. COUNTRY’S MACRO ENVIRONMENT Country Description: Germany is a highly developed and wealthy OECD country [33] and is the fifth largest economy in the world in terms of PPP [17]. Its GDP/capita in terms of PPP has been on an upward growth trend since 1985 and was just below Canada’s in 2012 (Appendix 1). However, neglect has led to infrastructure......

Words: 2030 - Pages: 9

Doing Business in Malaysia

...International Business Malaysia Abstract This abstract will include some information about our research in a briefly way to show more about Malaysia and its transnational corporations. First, we will talk about the role of transnational corporations (TNCs) in the Malaysian economy with specific attention to its environmental implications, and regulatory measures. We will discuss the role of transnational corporations (TNCs) in the Malaysian economy, its environmental implications, and regulatory measures to shield harmful effects. Second, we will also conclude that while environmental considerations did not appear very important in the relocation of TNCs to Malaysia, there is evidence of environmentally inferiority in Malaysia. However, it appears that many TNCs have new environmental practices in place, and that a number of TNCs have environmental management in the country. And as a conclusion, we will include the major sectors of transnational corporations in Malaysia and the main obstacles that affect it through the global business. Criteria 1) Starting Business Many foreigners were confused as to which is the right entity they should have to start their business in Malaysia. Starting a business in Malaysia takes only 11 days. There are overwhelming questions facing by foreigners especially Malaysia is totally new to many. * My Business nature, is it eligible for foreign ownership? * Which is the best recommended tax structure for......

Words: 286 - Pages: 2

Doing Business in Malaysia

...you are planning on doing business in Malaysia knowledge of the investment environment and information on the legal, accounting and taxation framework are essential to keep you on the right track. Doing business in Country Name Contents Page Foreword Country Profile Regulatory environment Finance Imports Business entities Labour Financial reporting and audit Contact details 1 2 4 6 7 8 10 13 18 Doing business in Malaysia 1 Foreword SJ Grant Thornton is a member firm within Grant Thornton International. SJ Grant Thornton was established in 1974 and ever since, has progressed expeditiously in every aspect. We provide innovative, yet practical advice in a range of assurance, tax and specialist services to privately held businesses and public interest entities. Today, we are ranked as one of the leading accounting and consulting firms in Malaysia. We operate from our main office in Kuala Lumpur and other offices in Penang, Johor Bahru and Kuantan. Grant Thornton International is one of the world's leading organisations of independently owned and managed accounting and consulting firms providing assurance, tax and specialist advice to privately held businesses and public interest entities. The strength of each local firm is reflected in the quality of the international organisation. All Grant Thornton International member firms share a commitment to providing the same high quality service to their clients wherever they choose to do business. This guide has......

Words: 5216 - Pages: 21

Doing Business

...August 31, 2014 Mohamed Eissa Doing Business in Global Markets and the Effect Technology Has On The Industry There is no one nation, even with all of todays advanced technology, that can produce all the products its people want or need. Since the beginning of time nations have traded with other nations to get things their people wanted or needed. One reference that comes to mind is the many ships carrying gold, silver and other valuable goods that traveled from Europe to South America to trade their goods for spices. Exporting simply means selling a foreign country or companies goods and Importing means buying a country or companies goods. There are 194 countries that make up the global market. Some of these nations such as Venezuela and Russia have abundant natural resources but have little technological know- how, while other countries such as Japan and Switzerland have few natural resources but are rich in technological know- how. Through the process of free trade they can buy or trade their goods or money for things their countries need or want. Free trade is the movement of goods and services among nations without political or economic barriers. Countries also exchange more than goods and services, such as medical advances, space exploration and even labor. There are two theories of this exchange. The first is the Comparative Advantage which states that a country should sell to other countries the products it produces most effectively and efficiently,......

Words: 990 - Pages: 4

Culture and Business Climate in Germany

...CULTURE BUSINESS CLIMATE- GERMANY Appointments with German Audience Meetings in Germany are strict agendas with their starting and ending times. Be sure you are on time for all you appointments with the German audience, that’s because Germans pride themselves on being excellent planners. If you show up 30 minutes too early, this is seen by the Germans as you either having poor planning skills or you are disrespectful of their time either way this diminishes your chances of doing business with the Germans. Casually changing the time and place of an appointment is not appreciated. If you show up too late, you definitely won’t get a chance for a second meeting with that German audience. Conversations The German society is highly fact oriented. Short and small talks with strangers does not have a significant place in German society. Giving compliments is not part of German business environment and can often cause embarrassment and discomfort, in fact, be taken with suspicion. This fact oriented culture makes a very clear distinction between time spent to develop business and personal relations. For that reason, even if you are staying for several days, don’t expect German colleagues to take you out every evening for dinners or an evening program. They usually will assume that you need to have time to yourself after business hours, since this has high priority for them in their culture. During the conversations, it is very important to maintain direct eye contact while......

Words: 1196 - Pages: 5

Doing Business

...Business Driven Technology Unit 5 Transforming Organizations McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Unit Five O Chapter Seventeen – Building Software to Support an Agile Organization O Chapter Eighteen – Managing Organizational Project O Chapter Nineteen - Outsourcing in the 21st Century O Chapter Twenty – Developing a 21st-Century Organization 18-2 Chapter 18 Managing Organizational Projects 18-3 LEARNING OUTCOMES 1. Explain the triple constraints and its importance in project management 2. Describe the fundamentals of project management 18-4 MANAGING SOFTWARE DEVELOPMENT PROJECTS O Analysts predict investment in IT projects worldwide through 2010 will be over $1 trillion O 70 percent will be lost due to failed projects O The consequences of failed projects include: O O O O O Damaged brand Lost goodwill Dissolution of partnerships Lost investment opportunities Low morale 18-5 The Triple Constraint O Project management interdependent variables 18-6 The Triple Constraint O Benjamin Franklin’s timeless advice - by failing to prepare, you prepare to fail - applies to software development projects O The Hackett Group analyzed 2,000 companies and discovered: O Three in 10 major IT projects fail O 21 percent of the companies state that they cannot adjust rapidly to market changes O One in four validates a business case for IT......

Words: 454 - Pages: 2

Doing Business in Usa

...Group 3 PGPIM DOING BUSINESS IN USA Doing business in the United States of America By Group 3 PGPIM 2011-13 September 22, 2011 Page | 1 Group 3 PGPIM DOING BUSINESS IN USA Doing business in the United States of America Overview     The United States, a nation founded on the fundamental belief in equality, is today a multicultural mosaic of over 290 million people of varying race and cultural heritage. American culture portrays a strong sense of regional and ethnic identity, which is represented by a number of subcultures and influenced by the country’s vast geographical and regional differences. America’s influence on business culture across the globe is unmistakable. Understanding the cultural assumptions, values and artefacts are paramount to doing sustainable profitable business in the United states. Page | 2 Group 3 PGPIM DOING BUSINESS IN USA Introduction and starting point problem “Systemlessness is the ultimate American folly” Peter Lawrence, 1996 It is very often complained that Americans have no culture. This is partially true; seen from a European or an Asian point of view, American culture is a little more than 200 years old. The superficiality of American culture seems to be at stake here, and the implicit assumption of those who formulate this criticism seems to be that depth of culture is what allows the intensity of responsibilities. Thus the criticism about the superficiality of American culture is essentially a......

Words: 5663 - Pages: 23

Doing Business

...buying of land. The company had agreed to do business with another company for the sale of land and both CEO of the two parties had already agreed on prices. Therefore, the report would how well the company will deal with the first customer and be able to cope with the problem that has emerged. (Chavez & Maes, 2006, April). It is with regard that I am reporting on an issue that had already been realized which is difficult to agree or disagree with. We were selling the land to company WXYZ but due to an appreciation of land within no time, we are ready to shift your deal to the billionaire who is willing to buy the land for a good price. The CEO to the company made a mistake in having an oral contract with the other party. This is because, if you promise to sell something to someone else, you have already made the contract. Apart from promising to sell the land, the CEO had already received ten thousand US dollars to make the contract live. As everyone is aware that a contract is a legally enforceable agreement between two or more parties. We as the company after realizing that we have made a woeful contract it is not a wise decision to get out of the deal. (Galaty, 2002). Therefore, the contract is real but we want to come out of it. The only alternative we can have is asking the other company whether they are willing to pay the amount the billionaire is willing to pay. If yes, we can assume the billionaire and do business with the company. If they are not ready......

Words: 612 - Pages: 3

Doing Business

...DOING BUSINESS IN INDIA: India offers a stable and business friendly rules and regulations to start a new enterprise. Indian legal environment and policy attracts several foreign association and collaboration for doing business in India The factors that facilitates doing business in India: 1. The Indian economy is growing at a scorching pace * Gross Domestic Product during 2010-11: US$ 1518.2 billion (Rs 73.1 trillion) * Per capita income during 2010-11: US$ 1146.8  (Rs 54,835) 2. Foreign exchange reserves are rising * There is a steady flow of FDI: Amount of FDI inflows (for June 2011): US$ 5.6 billion 3. Exports are growing 4. Political factors: Better trade regulations and increase in the employment rate 5. Technological factors: Technological changes in India is for the growth of the country as there are new or improved distribution channels, improved communication and knowledge transfer 6. The capital market is booming. 7. Increasing demands of people for growth 8. Labor: India’s labor force is commonly viewed as being low-cost and highly skilled. Indeed, this perspective has induced several MNCs to out-source to India or to set up branches there 9. Infrastructure: Increase in private participation in infrastructure has lead to better results 10. Finance availability: There are large number of institutes that provide finance at a cheaper rate 11. R&D : research in comparison of the past has increased a lot...

Words: 472 - Pages: 2