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Mittelstand
(; composed of the words "''Mittel"'' for ''middle'' and "''Stand''" for ''class'') commonly refers to a group of stable business enterprises in Germany, Austria and Switzerland that have proved successful in enduring economic change and turbulence. The term is difficult to translate and may cause confusion for non-Germans. It is usually defined as a statistical category of small and medium-sized enterprises (SMEs; or ) with annual revenues up to 50 million Euro and a maximum of 500 employees. However, the term is not officially defined or self-explanatory, so the English expression "small and medium-sized enterprises" is not necessarily equivalent to the Mittelstand. In fact, even larger and often family-owned firms claim to be part of the Mittelstand, such as Robert Bosch, based on the Mittelstand's positive connotations. The term ' mainly applies to mid-sized firms as opposed to larger listed companies and, more importantly, Mittelstand companies are characterized by a common ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Germany
The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and the sixth-largest by PPP-adjusted GDP. Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply, but it is among the world's top 4 since 1960. In 2025, the country accounted for 23.7% of the Euro area economy according to the International Monetary Fund (IMF). Germany is a founding member of the European Union and the eurozone. Germany is the third-largest exporter globally with $1.66 trillion worth of goods and services exported in 2024. In 2024, Germany recorded a trade surplus worth $255 billion, ranking 2nd worldwide. The service sector contributes around 70% of the total GDP, industry 29.1%, and agriculture 0.9%. Exports accounted for 50.3% of national output. The top 10 exports of Germany are vehicles, machinery, chemical goods, electronic products, electrical e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germany
Germany, officially the Federal Republic of Germany, is a country in Central Europe. It lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total population of over 84 million in an area of , making it the most populous member state of the European Union. It borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The Capital of Germany, nation's capital and List of cities in Germany by population, most populous city is Berlin and its main financial centre is Frankfurt; the largest urban area is the Ruhr. Settlement in the territory of modern Germany began in the Lower Paleolithic, with various tribes inhabiting it from the Neolithic onward, chiefly the Celts. Various Germanic peoples, Germanic tribes have inhabited the northern parts of modern Germany since classical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small And Medium-sized Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs outnumber large companies by a wide margin and also employ many more people. On a global scale, SMEs make up 90% of all companies and more than 50% of all employment. For example, in the EU, 99% of all businesses are SMEs. Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trumpf
Trumpf SE + Co. KG is a German family-owned company based in Ditzingen near Stuttgart, Baden-Württemberg. It originates from Julius Geiger's mechanical workshop. The Trumpf and Leibinger families transformed the medium-sized company into a globally recognized industrial group. Today, the company is one of the world’s largest suppliers of machine tools and a leader in laser technology. Trumpf is one of the most well-known representatives of the German ' Mittelstand.' History Growth in early years Christian Trumpf bought Julius Geiger's mechanical workshop in Stuttgart, Germany in 1923. The company initially produced flexible shafts. These were used to drive drills and other tools. Following the development of a motorized drive, the shafts were increasingly used in industry, for example in metal and woodworking. The first motorized hand shears for cutting sheet metal were introduced by Trumpf in 1934. In the 1920s, the company grew to more than 70 employees. In 1933, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Words And Phrases
German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also German nationality law **Germanic peoples (Roman era) * German diaspora * German language * German cuisine, traditional foods of Germany People * German (given name) * German (surname) * Germán, a Spanish name Places * German (parish), Isle of Man * German, Albania, or Gërmej * German, Bulgaria * German, Iran * German, North Macedonia * German, New York, U.S. * Agios Germanos, Greece Other uses * German (mythology), a South Slavic mythological being * Germans (band), a Canadian rock band * "German" (song), a 2019 song by No Money Enterprise * ''The German'', a 2008 short film * "The Germans", an episode of ''Fawlty Towers'' * ''The German'', a nickname for Congolese rebel André Kisase Ngandu See also * Germanic (di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angela Merkel
Angela Dorothea Merkel (; ; born 17 July 1954) is a German retired politician who served as Chancellor of Germany from 2005 to 2021. She is the only woman to have held the office. She was Leader of the Opposition from 2002 to 2005 and Leader of the Christian Democratic Union (CDU) from 2000 to 2018. Merkel was born in Hamburg in West Germany. Her family moved to East Germany when she was an infant. Merkel obtained a doctorate in quantum chemistry in 1986 and worked as a research scientist until 1989. She then entered politics in the wake of the Revolutions of 1989, briefly serving as deputy spokeswoman for the first democratically elected government of East Germany, led by Lothar de Maizière. Following German reunification in 1990, Merkel was elected to the Bundestag for the state of Mecklenburg-Vorpommern. As the protégée of Chancellor Helmut Kohl, Merkel was appointed as Minister for Women and Youth in 1991, later becoming Minister for the Environment, Nature Conserv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Academy Of Science And Engineering
Acatech (styled ''acatech),'' founded in 2002 and established as the German Academy of Science and Engineering () on 1 January 2008, represents the interests of German technical sciences independently, in self-determination and guided by the common good, at home and abroad. acatech is organized as a working academy that advises politicians and the public on forward-looking issues concerning the technical sciences and technology politics. The academy sees itself as an institution that provides neutral, fact and science-based assessments of technology-related questions and serves society with far-sighted recommendations of excellent quality. Also, acatech aims to facilitate the knowledge transfer between science and business and to promote new talent in the technical sciences. To further the acceptance of technical progress in Germany and demonstrate the potential of forward-looking technologies for the economy and for society, acatech organizes symposia, forums, panel discussions and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Serguei Netessine
Serguei Netessine is a scientist, educator, academic administrator and startup investor. He iSenior Vice Dean for Innovation and Global Initiativesand Dhirubhai Ambani Professor of Entrepreneurship and Innovation at the Wharton School of Business, University of Pennsylvania. Previously, he was Professor of Global Technology and Innovation at INSEAD and the Research Director of INSEAD- Wharton alliance. He is best known for his work on Business Model Innovation, Operational Excellence and Supply Chain Management. Early life and education Netessine was born in Russia. In 1995 he graduated from Moscow Institute of Electronic Technology. As a Master of Science in Electrical Engineering he moved to the United States for doctoral studies in 1997. He graduated from the University of Rochester with a master's degree in Management Science in 2000 and with a doctoral degree in Operations Management in 2001. In the same year, he became a professor at the Wharton School of the Universit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internet Of Things
Internet of things (IoT) describes devices with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communication networks. The IoT encompasses Electronic engineering, electronics, Telecommunications engineering, communication, and computer science engineering. "Internet of things" has been considered a misnomer because devices do not need to be connected to the public internet; they only need to be connected to a network and be individually addressable. The field has evolved due to the convergence of multiple technologies, including ubiquitous computing, commodity sensors, and increasingly powerful embedded systems, as well as machine learning.Hu, J.; Niu, H.; Carrasco, J.; Lennox, B.; Arvin, F.,Fault-tolerant cooperative navigation of networked UAV swarms for forest fire monitoring Aerospace Science and Technology, 2022. . Older fields of embedded systems, wireless sensor netw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
