Tag #Supervisory Board

What immediate actions must German businesses take to address the challenges posed by global market shifts and ensure long-term competitiveness?

Germany's Chancellor, Olaf Scholz, recently faced a parliamentary defeat, potentially leading to his removal from office. This political shift coincides with a critical need for German businesses to reinvent themselves by embracing innovation beyond traditional R&D models. The country's renowned engineering prowess, exemplified by companies like Siemens and BMW, is challenged by slower adaptation to market shifts, as seen in the automotive industry's delayed response to electric vehicles.