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🇩🇪 Germany's Economic Model - Coggle Diagram
🇩🇪 Germany's Economic Model
Hausbank System
German Banks
German Industry
Unique
Decline
No
Why?
National Commitment
Manufacturing Sector
Move towards developing countries
United Kingdom
Financial :<3: Industrial
Close Ties
Bank has say in company
Investments
National Savings Culture
Long-Term Planning
Mittelstand
Small and medium sized companies
Financed through Hausbank system
70% employment
Better employee representation
Strong Unions
Stakes in own company
Vocational Traning
Apprenticeship
Strong Employee Base
Skills :fire:
Inch by inch
Perserverence
Execution
Monitoring KPI's