Business

How German Industries Are Constantly Searching for Innovation within Their Business

<p style&equals;"text-align&colon; justify&semi;">Germany is renowned for its innovation and engineering&period; Over the past decade&comma; the country has made major changes to its safety practices and boosted its innovation to drastically improve productivity&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Today&comma; the <a href&equals;"https&colon;&sol;&sol;newsforpublic&period;com&sol;traveling-europe&sol;">European country<&sol;a> is considered one of the leaders in business&period; Below&comma; we’ll look at how German industries are setting their sights on innovation and improvement within their company&period;<&sol;p>&NewLine;<h2>Germany surpasses US in terms of innovation<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">When you think about the most innovative countries&comma; China and the US are typically the key players that come to mind&period; However&comma; many experts argue that <a href&equals;"https&colon;&sol;&sol;hbr&period;org&sol;2014&sol;05&sol;why-germany-dominates-the-u-s-in-innovation" target&equals;"&lowbar;blank" rel&equals;"noopener">Germany wins the innovation war<&sol;a> hands down&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The country isn’t just proven to be innovative in one particular area&period; Instead&comma; its innovation spans multiple industries such as experimental software engineering&comma; sustainable energy and molecular biotech&period; The US has even worked alongside the German think-tank Fraunhofer Society&comma; to establish seven institutes within America&period; As for China&comma; the country often uses German produced machinery to create its products&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Germany is renowned for its particular advancements within the safety sector&period; From advanced safety relay devices from <a href&equals;"https&colon;&sol;&sol;de&period;rs-online&period;com&sol;web&sol;c&sol;automation&sol;sicherheitsschaltgerate&sol;sicherheitsrelais&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener">RS Components<&sol;a>&comma; to improved security technologies which are said to be growing at a fast pace&semi; the country excels in the safety sector&period;<&sol;p>&NewLine;<h2>Boost in economy linked to Mittelstand<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">A lot of the success Germany has seen in terms of innovation&comma; is said to be credited to Mittelstand&period; This is a term used to describe export oriented medium sized businesses&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It focuses largely on manufacturing&comma; consisting of 75&percnt; of the country’s entire workforce&period; Many of its success stories are considered &OpenCurlyDoubleQuote;hidden champions”&period; This means&comma; companies which experience sales under €5 million&comma; but which are in the top three companies within their sector&period; Interestingly&comma; 70&percnt; of these firms are located in rural or smaller city areas&period;<&sol;p>&NewLine;<h2>Consistent training provided to employees<&sol;h2>&NewLine;<hr &sol;>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Another reason German companies are renowned for their innovation&comma; is because of the consistent training provided to employees&period; They are frequently trained up in the newest technologies&comma; helping to push productivity and efficiency&period; Studies have shown that providing employees with adequate training&comma; improves their performance and their satisfaction within the company&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">The above are just some of the reasons Germany is leading the way in terms of innovation&period; Companies within the country are continually seeking out innovation and improvement&period; It is this strive for success and progression which is taking the country ahead of the likes of the US and China&period;<&sol;p>&NewLine;

Hardik Patel

Hardik Patel is a Digital Marketing Consultant and professional Blogger. He has 16+ years experience in SEO, SMO, SEM, Online reputation management, Affiliated Marketing and Content Marketing.

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