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Global industry, particularly the manufacturing and production sectors, is facing a host of disruptive forces that are challenging old business models. The key drivers are the fourth industrial revolution (Industry 4.0), the need for sustainability, and the ongoing shortage of skilled workers. 1. Challenge: Digitalization and Industry 4.0 The introduction of smart factories, IIoT (Industrial Internet of Things)

The energy and utilities sector is facing a profound structural transformation. The need for decarbonization (moving away from fossil fuels) and the associated implementation of new technologies present companies with three key non-technical challenges that primarily affect internal organization and employees: digitalization, knowledge transfer, and change management. Challenge 1: Pressure to digitalize and cybersecurity The industry is integrating

Want to make your business more efficient? Lean management helps you to effectively design your entire value chain. The goal is to reduce costs by eliminating waste in your processes and focusing strongly on the customer. Originally developed by Toyota in the automotive industry, lean is now successful across all industries, from production to administration. Also

A terraced house in Munich-Sendling: built in 1975, 135 square meters, in need of energy-efficient renovation. In the past, an expert would have spent days poring over market reports, searching for comparable properties, and analyzing the location in order to arrive at a market value. Today, a single click is all it takes for an algorithm to calculate a price within seconds, based on thousands of transaction data, geodata, energy values, and even aerial photographs. When algorithms evaluate real estate

In the digital age, is technology the only thing that matters? The answer to this question is clearly no. First and foremost, clear visions are needed to actively shape digital transformation. The Chief Digital Officer (CDO) is one of the people who lead a company into the future. They drive forward all digitization processes within a company. In doing so, they combine strategic planning

Construction payroll is not for the faint-hearted. Every construction site is different, every weather condition brings new rules, and in the end, the payroll must be accurate to the cent. Payroll accountants in the construction industry juggle surcharges, apportionments, and special cases on a daily basis that do not occur in "normal" payroll accounting. The effort pays off: a good knowledge of construction payroll creates security and saves time.

Negotiations are an integral part of everyday business life. Whether you are buyer terms with suppliers, coordinating resources in project management, or conducting performance reviews as a manager, the ability to balance interests and reach viable agreements is often the key to success. The Harvard approach is one of the best-known methods for dealing with such situations in a structured, fair, and solution-oriented manner.

The special levy is a financial instrument used within a community of condominium owners (GdWE) to cover unexpected costs that exceed the regular advance payments (building maintenance fees). In addition to the maintenance reserve and the taking out of a WEG loan, the WEG special levy is an important financing instrument within the management of community assets. The most important facts in brief Special levy as

Condominium owners' associations (GdWE) are increasingly finding themselves having to invest in the building fabric and building services in order to ensure the functionality and safety of their properties. The most important points in brief WEG loans as a solution to investment pressure: Legal requirements (e.g., GEG, GEIG, HeizkostenV) and renovation needs are increasingly leading to high financing requirements for condominium owners' associations (GdWE) – a WEG loan offers

Discover the SMART method: Learn how to set specific, measurable, attractive, realistic, and time-bound goals! The most important information in brief What is the SMART method? Examples of SMART goals 2.1 Professional development 2.2 Personal development 2.3 Project management Advantages of the SMART method Typical mistakes and pitfalls 4.1 What are common mistakes? 4.2 How can you avoid mistakes? Applying the SMART method in

The world of work is transforming at a breathtaking pace—and with it, the demands on your skills. What was considered a solid qualification yesterday may only meet the absolute minimum requirements tomorrow. In this transformation, it is no longer primarily technical knowledge, but above all future-proof meta-skills that determine your professional success. By strengthening your

A radical change has taken place in product development. While traditional methods rely on detailed long-term plans, agile approaches are conquering more and more industries—and for good reason. The flexible, customer-oriented approach enables teams to respond more quickly to market changes and develop products that are truly needed. But how does agile product development work in practice, and

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