Waiting for the call
Article Abstract:
The outcome of parliamentary deliberation on the proposed privatization of state-owned Deutsche Telekom in Germany is being awaited by both the local and international telecommunications market. While the global telecommunications market eagerly anticipates the approval of Telekom's privatization, several factions in the local front are against the decentralization move. Among the most prominent opponents of privatization are the German Social Democratic Party and the 250,000 employees of Telekom. The privatization is expected to give Telekom the mobility to compete internationally, avail of new sources of investment capital and provide a freer reign on management. However, privatization will also forfeit the telecommunications monopoly enjoyed by Telekom, which employees fear will pose a threat on their job security.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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Europe's great communicator
Article Abstract:
Germany-based Bertelsmann AG is Europe's largest media company. The global media empire has its beginnings in the small printing business founded by the Bertelsmann family before the Second World War. In 1946, it was taken over by Reinhold Mohn who has just returned from an American prisoner-of-war camp. The phenomenal growth of Bertelsmann began when Mohn decided to go into book clubs in 1950. In the 1960s and the 1970s, he completed the gradual acquisition of the large German publisher, Gruner + Jahr. Bertelsmann got greater recognition in the international business community when it acquired the American publisher Doubleday and the music company RCA. Currently, the media company has seven divisions all over the world whose combined turnover amounted to 14.6 billion deutschemarks in 1990-1991.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1992
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Germany's mother and child reunion
Article Abstract:
The merger of the west German Carl Zeiss Oberkochen opticals group with its east German counterpart, Jenoptik Carl Zeiss Jena GmbH, has resulted in an agreement which splits the east German firm into two companies. One company, Carl Zeiss Jena, will concentrate on its traditional expertise in the optical instruments and equipment field, while the other, Jenoptik, will focus on new product areas such as space technology, conductors, and electronics. The merger is emblematic of German unification, with the western firm providing the key management decisions. Western executive troubleshooters are now concentrating on dismantling inefficient procedures, upgrading production technology, and reestablishing cost-consciousness in the workforce.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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