330 Wirtschaft
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This paper studies whether a monetary union needs a fical union in particular in the Eurozone. On 1 January 1999, despite controversial debates, the rule-based Economic and Monetary Union (EMU) started without a fiscal union. I show that there is weak economic convergence in the EMU since 18 years. In addition, I argue that a fiscal union does not solve the past disintegration failures.
I demonstrate that the major flaws are domestic policy failures and not institutional failures in the euro area. Consequently, establishing a monetary union without having a political union is a risky strategy. Indeed, the rule-based architecture of Maastricht is not guilty for the crisis alone. The root causes are the political flaws aligned with the rather weak enforcement of the rules. I propose a genuine redesign of the rule-based paradigm without a fiscal union. Yet a monetary union without a fiscal union works effectively if the rule enforcement is more automatic and independent of domestic and European policy-making.
Ein zukunfts- und innovationsfähiges Personalmanagement stellt sicher, dass der Organisation in qualitativer und quantitativer Hinsicht das erforderliche Personal zur Verfügung steht, um die organisationalen Ziele zu erreichen. Vor dem Hintergrund zunehmend dynamischer Umfelder gelingt dies mit den bislang etablierten Arbeitsweisen, Praktken und Instrumenten des Personalmanagements künftig nicht mehr. Daher muss das Personalmanagement permanent neue Arbeitsweisen, innovative Praktiken und neue Instrumente entwickeln (Exploration). Gleichzeitig hat es jedoch auch die bisherigen "Routineaufgaben" zunehmend effizienter zu erledigen (Exploitation). Diese Herausforderung des beidhändigen Agierens zwischen Exploration und Exploitation verlangt nach dezidierten Innovationsstrukturen, Praktiken und Fähigkeiten im Personalmanagement. Der vorliegende Beitrag plädiert daher für eine organisatorisch aufgehängte "Forschung und Entwicklung" im Personalbereich, die neue Themen innerhalb und außerhalb der Organisation aufgreift, um daraus innovative Personalpraktiken zu generieren.
Der erweiterte Marketing-Mix eröffnet neue Perspektiven für das Sportmarketing. Menschen werden als die wichtigsten Bestandteile einer Sportorganisation betrachtet. Ziel ist es, tragfähige Strategien zu entwickeln, um die Kundenbedürfnisse zu erfüllen. Im Folgenden wird der erweiterte Marketing-Mix des Relationship Marketing im Sport ausführlich vorgestellt.
Das Ziel dieses Beitrags ist es, einen Überblick zum Thema Kundenbewertung im Sport zu geben. Unter Berücksichtigung der Besonderheiten des Sports aus Marketing-Sicht sowie der wesentlichen Grundlagen des Relationship Marketing im Sport werden der Begriff Kundenwert definiert sowie die Ziele der Kundenbewertung vorgestellt. Vor diesem Hintergrund werden etablierte Methoden der Kundenbewertung aus der Unternehmenspraxis präsentiert. Hierzu gehören die ABC-Analyse, die Kundenerfolgsrechnung, die Customer-Lifetime-Analyse, Scoring-Modelle und Portfolio-Analysen. Diese Verfahren werden insbesondere auf ihre Eignung zur Kundenbewertung im Rahmen des CRM in Sportvereinen analysiert und kritisch gewürdigt.
Case study: Marillion
(2018)
The purpose of this paper is to highlight the use of crowdfunding,
demonstrated by a case study about the rock band Marillion. The research
methodology applied is a literature review examining academic references. On this basis, a case study by exemplary illustrating the rock band Marillion and how they invented crowdfunding has been drafted. Findings suggest that the crowdfunding concept is no new phenomenon, since the rock band Marillion has investigated the business model. Recently, the funding method is applied to the fashion industry; hence it is efficient and engaging to finance projects by that specific business model. A limitation of this paper is that the topic of crowdfunding is new to the fashion business and needs further research and tests until they are practicable to interpret. Results show that there is a high potential for using crowdfunding in fashion by reaching a long-term change in this industry.
The purpose of this paper is to identify key success factors of Crowdfunding in the Music Business in order to discuss their applicability to the Fashion Industry. The research methodology applied is a literature review examining academic and non-academic references. Key research findings include four main success factors. First explains the innovative and adaptive nature of the music industry caused by historical evolution. Second strong commitment and connection to the fan base is identified as success factor. Third manageable effort for the realisation on a large scale reduces the risk of a failure. And, last success factor describes the successful implementation of campaign specific aspects. The discussion finally shows that three of four success factors can be adapted to the Fashion Business. Due to little scientific research in the field of Crowdfunding in the Music Business, the success factors are worked out independently, based on general literature. Accordingly, quantitative testing and further analysis is recommended.
This article aims to point out main changes of the music industry since the advent of the Internet and how the fashion industry can learn from it. Different factors are researched with a birds-eye perspective by conducting a literature review. The results are limited by the availability of sources and the implications are based on a theoretical foundation. For further research the conclusions drawn for the fashion industry have to be proven empirically. After reading the paper, the reader has rather an overview of the changed circumstances and how the music industry reacted than deep knowledge in each field. More specifically, this paper gives an overview of the changed circumstances due to digitalisation and how the music industry reacted within. As both the fashion and music industry have their similarities, they are limited in their comparability, since fashion products cannot be fully digitalized like a music record. The fact that the music industry had to reinvent itself rapidly to adopt new possibilities and chances results from the article. To make use of the sustainability trend and to build communities in order to include them in the creation process are the major suggestions for the fashion industry.
Case study: EMP
(2018)
The purpose of this research paper is to investigate the business model of the retailer EMP. The in-depth literature review develops the relevance of merchandising for the rock and heavy metal scene and the relevance of EMP within that market. Literature about existing approaches of multi-channelling has been reviewed. Based on this theoretical framework, a case study of EMP has been drafted. Findings are discussed, focusing on the performance of EMP as a multi-channel and lifestyle retailer and additionally provide valuable managerial implications for fashion retailers. Implications for further research address lifestyle retailers to contribute to the findings or validate them with different examples. The research is clearly limited by the amount of scholar literature concerning EMP in particular. Hence, magazines, journals and information provided by the company serve as reference. Even though EMP provided some information, gathering any information about how EMP manages multi channelling operationally was not possible.
The purpose of this research paper is to find out to which extent rap music merchandise is influencing the fashion world of today. The research design is mainly created through analysing Internet sources. The key findings of this paper describe the way rap merchandise is created and distributed nowadays. Furthermore, is explained how an idea becomes trend and how rap artists influence trend creation, especially through social media channels. The topic around rap merchandising products and strategies is a very new one, thus there is barely any literature to find. Nevertheless, trend leading online music platforms and blogs offer a lot of grey literature about the research topic. In this paper, the analysis of rap merchandise and fashion is focused on clothing items to create a better understanding in which dimension the influence of rap merchandise on the fashion world is given.
The purpose of this paper is to find out how musicians are able to differentiate themselves from their competitors by using their style. Casting shows and the evolution of the contestants’ style during and after the show serve as a paradigm for creating differentiation by style. The method of research was diverse but largely drawn from research papers as well as online magazines and newspapers. Within the scope of the research, it was feasible to draw on a varied range of sources to answer the research question. In the course of this research paper, it was possible to define key factors for a musician to create differentiation by style in modern times. By examining the style of casting show contestants, it was explored to which extent they transform from rather normal people to pop stars. In reducing the detailed analysis of casting shows to three shows and contestants, only a broad overview was provided. The paper is of interest to those working for casting shows in order to develop those.