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Nicole Chau Emily Dynarski

Nicole Chau Emily Dynarski. Economic Environment. Key Industries Automotive, Iron, Steel, Chemical, Electronics, Food & Beverage, Healthcare, ICT, Machinery & Equipment, Nanotechnology, Renewable Energies & Resources, etc GDP (2011) $3.571 trillion U.S. GDP (per capita) $38,400. Religion

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Nicole Chau Emily Dynarski

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  1. Nicole Chau Emily Dynarski

  2. Economic Environment • Key Industries • Automotive, Iron, Steel, Chemical, Electronics, Food & Beverage, Healthcare, ICT, Machinery & Equipment, Nanotechnology, Renewable Energies & Resources, etc • GDP (2011) • $3.571 trillion U.S. • GDP (per capita) • $38,400

  3. Religion Protestant 34% Roman Catholic 34% Muslim 3.7% Unaffiliated or other 28.3% Education 4.5% of GDP 99% literacy 15- 24: 11% Social Environment • Population • 81,305,856 people (16th) • 0.97 males : 1 female • Age • 0-14: 13.2% • 15-64: 66.1% • 65+: 20.7% • Language • German ( > 95%)

  4. Hofstedes Dimensions Power Distance • Score 35 • Highly decentralized • Co-determination (1976) • Expertise leadership

  5. Hofstedes Dimensions Individualism • Score 67 • Parent-child • Self-actualization • Loyalty, duty & responsibility • Learning from your mistakes

  6. Hofstedes Dimensions Masculinity vs Femininity • Score 66 - Masculine • Performance • Schools • "Live in order to Work" • Self-esteem • Decisive & assertive managers • Status

  7. Hofstedes Dimensions Uncertainty Avoidance • Score 65 • Deductive approaches • Thinking, Presenting, Planning • Details

  8. Hofstedes Dimensions Long Term Orientation • Score 31 - Short Term • Traditions • Impatience • Truth

  9. Gesteland Dimensions Deal focus vs. Relationship focus • Deal focused • Knowing someone before is not necessary • Get down to business immediately • Contracts may be necessary

  10. Gesteland Dimensions Formal vs. Informal Cultures • Formal culture • Titles and protocol are important • Hierarchical structures in businesses • Shake everyone's hand when meeting and before leaving • Introduce yourself by your last name • Everything is done "by the book"

  11. Gesteland Dimensions Controlled (monochronic) vs. Fluid Time (polychronic) • Monochronic time • "Time is money" • Outlines and agendas in meetings • Meetings scheduled weeks in advance • Showing up late without an explanation is considered rude and thoughtless

  12. Gesteland Dimensions Expressive vs. Reserved Cultures • Reserved • Value order, privacy, and punctuality • At first can seem very unfriendly • Keep office doors closed • Must knock before entering an office

  13. Communication Style • Direct and participative communication and meeting style • One of the most direct in the world "be honest, even if it hurts" -Germany's Chancellor, Angela Merkel

  14. Real World Experience Business Etiquette https://www.youtube.com/watch?v=2WS-Ke0hOX8 • Meetings • Trainings • Presentations

  15. Thank you! Questions?

  16. Bibliography https://www.cia.gov/library/publications/the-world-factbook/geos/gm.html http://geert-hofstede.com/germany.html http://www.executiveplanet.com/index.php?title=Germany http://www.ediplomat.com/np/cultural_etiquette/ce_de.htm

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