European ERP software provider Forterro has acquired Swiss cloud ERP provider myfactory. David Lauchenauer, CEO of myfactory, will continue to run the business as General Manager.
Editorial
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December 14, 2021
Forterro acquires cloud ERP provider myfactory: from left to right Emmanuel Moritz (Vice President of M&A at Forterro), Marco Gerlach (CTO at myfactory), Richard Furby (President of M&A at Forterro), David Lauchenauer (Managing Director at myfactory), Jörg Holzmann (Head of Sales Switzerland at myfactory), Timo Bärenklau (Head of Sales Germany and Austria at myfactory). (Image: myfactory)
The European provider of ERP software solutions Forterro, headquartered in London, acquires the Swiss cloud ERP provider myfactory. Forterro, which has almost 8,000 medium-sized manufacturing and production companies in its customer portfolio, is thus acquiring a well-known player in the DACH region, which in turn has more than 2,000 customers in trade, production and services. The acquisition expands Forterro's total addressable market in the German-speaking region and almost doubles the number of customers served by the group in this region. Forterro also includes, among others, the software house abas Software GmbH, which is well represented especially in Germany, and the Swiss software provider ProConcept SA.
Supplemented by renowned cloud ERP provider
"myfactory is a tremendous asset for Forterro," said Dean Forbes, CEO of Forterro. "We have gained an extremely well-run company that has grown steadily over the last 20 years and has already taken the steps to move both its product and its customers to the cloud. Our primary goal will be to drive the company's continued growth and momentum."
myfactory will operate as an independent company within the Forterro Group. David Lauchenauer, CEO of myfactory, will continue to lead the business in the role of General Manager with the support of his existing management team.
Competence in trade and sales brought in-house
Richard Furby, Managing Director of abas Software GmbH and President of M&A at Forterro, spoke enthusiastically about the complementary nature of myfactory. "The myfactory solution is the perfect complement to our portfolio," he said. "myfactory serves more of the smaller midmarket segment, while abas is more focused on the complexity of the larger midmarket. The myfactory solution has a core competency in retail and distribution, while abas ERP is primarily suited for discrete manufacturing and production. The combination of these two offerings gives Forterro the expertise needed to address virtually the entire industrial midmarket in the DACH region, and we look forward to the opportunities ahead."
Additional capital and brand strategy
David Lauchenauer, born in 1963, is a proven expert in the field of business software for SMEs and has been active as an IT entrepreneur since 1988. Since 2008, he has been the Managing Director and BoD of myfactory Software Schweiz AG in Switzerland and started as a professional cloud ERP provider for the Swiss SME market in 2009. "We developed one of the most comprehensive, fully integrated cloud ERP solutions available on the European market today," says Lauchenauer. "Having achieved this strong position, we saw that it was the right time to find a strategic buyer who would help us go even further with what we have built," Lauchenauer continues. In Forterro, he said, they have now found a partner that not only has the infrastructure and capital, but more importantly a strategy that values the brand, the employees, the products and the investments of existing customers.
Swissbau 2022 is postponed to the beginning of May
The critical pandemic situation is affecting the planning of major events: The Swissbau 2022 trade fair planned for January will be postponed until early May. The postponement also affects the SICHERHEITS Congress of Save AG, which will be held in parallel.
Editorial
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December 14, 2021
Swissbau 2022 will now be held from May 3 to 6, 2022. (Image: MCH Swiss Exhibition (Basel) Ltd.)
Swissbau 2022, originally scheduled for January 18-21, will be postponed to May 3-6, 2022. This was announced by the organizers with reference to the current pandemic situation. The canton of Basel-Stadt withdrew the exhibition's permit in accordance with the current Covid-19 ordinance. "Due to the current COVID-19 situation, the conditions for official approval of Swissbau in January 2022 are no longer met," Rudolf Pfander, brand director of Swissbau, wrote to the media. "This decision is understandable, but disappointing. We are enormously sorry that we are all being stopped in the final spurt," Pfander continued. However, in initial discussions with leading exhibitors from all sectors, he said, there was clear support for postponing the event until next spring, despite the great disappointment.
SECURITY Congress is also postponed
This makes it clear: Swissbau 2022 will be postponed and will now take place in Basel from Tuesday, May 3 to Friday, May 6, 2022. The postponement also affects the concurrently held SECURITY Congress, the B2B platform for safety and fire protection. As organizer Markus Good of SAVE AG confirmed in response to our inquiry, the congress will also be postponed to May 3-6. "Slight program changes due to this postponement are reserved," says Markus Good. However, the concept remains the same: In a total of seven half-day modules, current topics from risk management, building and corporate security, and fire protection will be addressed.
Customer Experience 2022: Analog merges with digital
According to the 5th CEX study by the Hochschule für Wirtschaft Zürich HWZ, 8 out of 10 Swiss companies have understood that the customer experience is at the beginning of a new development in which real and virtual spaces are merging. According to the study, the central challenge for Customer Experience 2022 lies in the productive linking of analog and digital worlds of experience.
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December 14, 2021
According to Prof. Dr. Michael Grund of the HZW, customer experience will be recognized in all companies in 2022 as a key success factor with rapidly growing importance. (Image: HWZ)
After years of stagnation and silo thinking, a new corporate culture needs to be created that allows digital channels to be optimized, innovation and product development to be strengthened, and customer analyses to be professionalized. This is the conclusion of the 5th CEX study of the HWZ Hochschule für Wirtschaft Zürich, which is conducted annually in collaboration with the consulting firm nexa Consulting.
Customer experience as a key success factor
"Customer experience is recognized by all companies as a key success factor with rapidly growing importance for 2022," says Prof. Dr. Michael Grund, Head of the Department of Marketing and Business Communications at the HWZ. More than 75 percent of the 229 participating companies from a wide range of industries in German- and French-speaking Switzerland, which were surveyed in an annual study between the beginning of July and the end of September, believe that the topic of customer experience has become even more important in their company compared to the previous year. However, according to the survey, three major challenges stand in the way of Customer Experience 2022: a lack of IT solutions, a lack of processes and competencies, and the only partial transformation of the company's conservatively perceived culture. "This year, the importance of customer experience in companies is increasing. There are several factors that support this finding. First, companies have decided to allocate additional resources in the form of budgets to customer experience. Second, specialized CX teams are becoming more professional and some companies have even changed their organizational structure to create dedicated departments for Customer Experience Management," points out Anne-Laure Vaudan of nexa.
Priorities for Customer Experience 2022
After the uncertainties during the first waves of the Corona crisis, companies are now in a partially positive mood. More than three quarters of them plan to invest in the area of customer experience in 2022. This involves optimizing the following three focus areas:
Optimization of digital channels has first priority: A homogeneous customer experience should be offered across all channels (omnichannel approach). Most companies plan to stabilize or increase their budgets for customer experience in 2022.
Innovation and further development of products and services: Customer needs and wishes must be incorporated even more clearly, quickly and agilely into the development of new services and products.
Communication and training of employees: Developing and strengthening customer-centric processes. Strengthening video marketing and omnichannel experiences that work. Integration of Voice of Customer into the development of the company. Collected customer data must be interpreted in a target group-specific manner and quickly incorporated into the development of services and products (customer management/after sales).
Winners of the Prix SVC Nordschweiz, Revendo AG, want to advance into the entire DACH region
Revendo AG, winner of the Prix SVC Nordschweiz 2021, wants to continue its extraordinary success story. The upcycling concept from Basel is set to conquer the entire German-speaking region after Switzerland, as the two co-founders Aurel Greiner and Laurenz Ginat revealed at a press conference today.
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13 December 2021
Aurel Greiner (left) and Laurenz Ginat: The proud winners of the Prix SVC Nordschweiz 2021. (Image: Thomas Berner / Screenshot)
Some people probably did not expect Revendo AG to win the Prix SVC Nordschweiz 2021. The five other co-finalists, some of whom have been successful in the market for decades, could just as easily have made the running. However, the company, which was only founded in 2013, convinced the jury from A to Z. Bernhard B. Fischer, Head of the SVC Region Northern Switzerland, highlighted the most important aspects as follows: "Sustainability is a top priority at Revendo. The company sets an example against the throwaway society and its products meet the spirit of the times. The fact that this concept of upcycling is successful is impressively demonstrated by Revendo's rapid growth and the new jobs created. And last but not least, the shopping experience at Revendo is also convincing, which is perfectly aligned with customer needs both online and in the store." However, on the occasion of the awarding of the SVC Northern Switzerland Anniversary Prize on November 25, 2021, the SVC was able to demonstrate that Revendo AG is one of the most innovative SMEs in Switzerland precisely for this reason. Young and sustainable: A new trend for winning companies? Bernhard B. Fischer denies: "The Prix SVC is not comparable to a startup prize." Companies that want to go through the jury process must be more than five years old.
The proud winners of the Prix SVC Nordschweiz 2021
The two members of the management board of Revendo AG, Aurel Greiner and Laurenz Ginat, were once again delighted that their company was chosen as the winner of the Prix SVC Nordschweiz 2021, which has now been awarded for the tenth time. "We would never have thought that we could prevail in this strong field of participants" explained Laurenz Ginat. "The fact that we have now actually received the most prestigious SME prize in Northern Switzerland is not only a great honor for us, but also confirmation at the same time that Revendo is on the right track."
Revendo wants to expand foreign business
The Revendo success story is now set to continue throughout the German-speaking world. In summer 2021, Revendo opened its first branch outside Switzerland, in the Austrian capital Vienna. This strategy is now to be continued, as Aurel Greiner explained: "The Prix SVC gives us the courage to take our concept to other cities. Our goal is to make the 'Revendo' brand known throughout the DACH region in the next few years and to take on a pioneering role in the remanufacturing of used electronics."
Price comes at the right time
The award has also generated a lot of positive energy within the company. "We have received a lot of nice feedback," said Greiner and Ginat in unison. In addition, it was also very motivating for the team spirit in the company to win this award together and thus to be confirmed in the relevance of the daily work. The prize comes at the right time, according to the two company founders. It creates a good prerequisite for the planned expansion. "Thanks to the prize, new partnerships have already come about," says Aurel Greiner.
Step on the gas" online
Bernhard B. Fischer is confident that Revendo will continue to be heard of internationally with positive news. And the SVC regional manager is convinced that the company's founders and their entire team will continue to pursue the innovative and sometimes challenging path they have embarked upon with determination and vigor. Abroad, they want to "step on the gas" online in an initial phase, because it is currently uncertain how the stationary trade will develop. Shop-in-shop concepts are also conceivable, Greiner and Ginat explained. The young winners of the Prix SVC Nordschweiz 2021 should help the entrepreneurial prize gain additional resonance among the upcoming generation of entrepreneurs.
At the beginning of every project is the selection process, according to popular opinion. However, ERP expert and professor at the University of Würzburg Dr. Axel Winkelmann advises to first think about some basic issues in the initial project phase. The software manufacturer proALPHA clarifies which points should be clarified before an ERP project in a joint discussion.
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December 9, 2021
False start or precision landing? For an ERP project, the right preparations must be made in advance. (Image: zVg / proALPHA)
An ERP project not only renews the technological backbone of a company. It often also transforms business processes and thus changes the everyday working lives of large parts of the workforce. For this reason, companies should make some elementary considerations at the very beginning, well before software selection:
Clarify the why, wherefore, why
When inventory is taken every few months because the stock level is not correct or the management has to wait days for evaluations, it is clear that things are not running smoothly. Those who primarily try to iron out such pressure points by changing an ERP system will fall short of their potential. An ERP implementation is also an opportunity to "hit the big time": companies should be clear about what they want to achieve in the future and what they need to do so. With questions like: How do we want to work in the coming years? Where do we see opportunities for viable business models? this process can be initiated.
Organizational hurdles: Tracking down "layers of paralysis
In many places, home-grown problems and organizational blockades prevent an efficient flow of information. Axel Winkelmann draws comparisons here with impermeable layers of clay - or "layers of paralysis". In this context, continuity is just as important for business operations as it is for project organization - so that targets and instructions from management reach all levels. But above all, so that suggestions and input from the workforce get through to the top - and don't get stuck somewhere in the middle at a "yes, but".
Speaking of project organization: Incorrectly set up teams repeatedly lead to the failure of an ERP project. The cardinal mistake: hanging it up in the IT department alone. "How is the IT department supposed to discuss organizational measures ... and then ... also implement them? That is factually impossible. So we always need the controlling hand in this project, always the foresight of someone who has an overview of the entire company," Axel Winkelmann emphasizes.
From time to dough: setting the economic framework
In addition to the budget question, the issue of timing also needs to be addressed early on: Are there seasonal peaks or other deadlines that need to be taken into account? How can the necessary time be "freed up" for the project team? If you believe that you can burden employees with additional project work in their day-to-day business, you should not be surprised if their motivation leaves much to be desired. Winkelmann has a rule of thumb for estimating your own effort: "If an ERP consultant comes to you for one man-day, you can add another two and a half to three man-days of your own work.
Create clear communication structures
Practical experience shows: Projects that are run quietly are often in danger of failing. It is important to "bring employees along" and communicate openly about plans - be it through a regular newsletter or a speakers' corner in the cafeteria. It is important that the workforce is aware of what the management is up to. This increases commitment, perceived appreciation and ultimately the willingness of employees to work with the new software.
Everything from the beginning: Preparing change processes
In addition to technology, there are also organizational adjustments to be made: Departments, processes and rules and regulations are being reorganized. Not every employee will be enthusiastic about this. A project this large also stirs up fears. Simply wiping them away and ignoring them lowers motivation and promotes a blockade attitude. It is better to promote understanding for the resulting changes and give employees the opportunity to help shape them. The keyword here is demystification.
Wanting is human: anticipating conflicts
Of course, every department will try to map its processes and specifications one-to-one in the new system. Who wants to adapt to others, and certainly not to a software! Conflicts are inevitable. The ERP vendor's consultants are usually not considered impartial in this regard. It can be helpful to have a neutral third party at your side as a mediator, who can moderate and mediate if necessary. And it helps to make it clear right from the start: Adaptations are possible, but must not get out of hand at the expense of later upgradeability.
Solid data, solid business
Axel Winkelmann also advises specifying a company's data foundation as early as possible: What data does who need? Where does it come from and where does the information flow to afterwards? Initial requirements for the technology can also be defined at this early stage. Winkelmann warns against relying solely on a well-intentioned recommendation from a friend or business partner when choosing an ERP system. The risk that it will not fit one's own business model and vision of the future is very high.
Tap into sources of know-how
Very few companies have a great deal of experience with ERP implementations in-house. After all, companies tend to carry out such a project only every 10 years, and some even only every 20 to 25 years. Companies acquire the necessary know-how by bringing new employees on board and bringing in external support. After all, the manufacturer's consultants not only know the system well. With their experience in similar industries, they can also contribute best practices.
Get into action quickly
"It's no use preparing a perfectly planned ERP project for five years and still not getting it done," warns expert Winkelmann. Because in case of doubt, the competition is already implementing the digital advantages that you're still chewing over out of concern that you're overlooking something essential. The way out of this predicament? Work with prototypes and select software that can be configured to a large extent.
ERP expert Prof. Dr. Axel Winkelmann from the University of Würzburg. (Image: zVg / proALPHA)
And last but not least, according to Winkelmann, a lot also depends on the right expectation management: Not everything in the process flows will improve in one fell swoop. But in combination, a well-prepared ERP project means that the company as a whole is properly positioned for digitization and can do many things differently and better than before.
Companies and public authorities are investing a higher proportion of their IT budgets in modernization, while the proportionate expenditure on system maintenance is falling slightly. This is the finding of a study by Capgemini.
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December 8, 2021
Development of IT budgets for 2022. (Graphic: Capgemini)
A study by Capgemini on next year's IT trends shows that IT budgets for 2022 will increase in many companies. However, the additional investments will not flow primarily into new developments, but into modernizations of existing system landscapes, according to one of the results of the study, in which 195 IT and specialist managers from large companies and public authorities from Germany, Austria and Switzerland took part in September and October 2021.
Three quarters of companies with higher IT budgets for 2022
In concrete figures: 73 percent of respondents expect IT budgets to increase in 2022, the highest figure since the survey began in 2003, according to the report. Just under a third of the study participants will even increase their IT investments by more than 10 percent in 2022, compared to only a fifth of respondents in the previous year. Some 11 percent will cut their IT spending, compared with just under 15 percent last year. The forecasts for 2023 are also very positive: just under 73 percent of respondents expect higher spending, and almost a third expect increases of more than 10 percent.
Economy on course for expansion
Nearly 83 percent of the company representatives surveyed said that their organization is expected to grow economically or organizationally in 2022. Only 10 percent have no plans for expansion and want to stabilize. Only 1.4 percent of companies are expected to become smaller. "IT plays a crucial role in the expansion plans of many organizations, as shown by the high level of investment in this area. Digitization and the use of intelligent systems are not only intended to generate competitive advantages. They also help to reduce greenhouse gas emissions and at the same time cushion demographic change and the shortage of skilled workers, for example by relieving employees of routine tasks," says Guido Kamann, Head of Capgemini in Switzerland, commenting on the findings.
Distribution of the IT budget among the areas of system maintenance, modernization and new implementation. (Graphic: Capgemini)
More money for IT modernization
While almost 47 percent of the IT budget was spent on maintaining the existing system landscape in 2021, this figure will fall to just under 44 percent in the coming year, Capgemini's survey shows. Spending on new developments will also fall slightly, from around 26 percent in the previous year to 24 percent. Instead, companies and public authorities are planning to spend more money on modernization: The share of these investments in the total IT budget will rise from around 27 percent last year to just under 32 percent now. "We assume that in many cases the modernizations will be projects in which applications are made cloud-capable. Because in view of the high security and environmental standards, the wide range of services and the price-performance ratio, it is now worth modernizing older core applications and bringing them into the cloud," explains Guido Kamann.
IT as a competitive factor
And what about the financing of IT innovations? According to the study, this is now almost as likely to come from the business side as from the IT side. On the one hand, this shows that the core business of many companies is now based on IT. On the other hand, business decision-makers consider IT to be a competitive factor and initiate significantly more digital projects than in the past. In joint IT projects, however, the business and IT departments only work together as equals in around one in ten organizations. In all others, the main donor still has the greatest influence on decisions.
Fitness with "The Lion's Den Switzerland", episode 3/7
The December 7, 2021 show again had a lot to offer: Furniture, trend sports, men's suits, rental retail space and more. Some lions showed their fitness, others stayed true to their line when investing.
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December 8, 2021
Lion Patrick Mollet (center, on the apparatus) shows off his fitness, but a deal with "Overground" still didn't happen. (Image: Press service 3+)
Furniture that can be assembled at will and "grows" with changing needs - that is the idea behind "Formich" by Philipp Rast. Depending on the stage of life, the furniture can be adapted, which means it does not have to be thrown away and replaced by new ones. In this way, the company founder wants to promote sustainable consumption in the home as well. Philipp Rast wanted the lions to invest 100,000 Swiss francs in exchange for a 20 percent share in the company. Initially, the lions were very interested in the idea and were convinced by the quality of the furniture on display. But when it came to concrete figures, the initial enthusiasm ("cool brand," Roland Brack) gave way to a sobering realism: At 2,000 francs for a shelf, "Formich" is in a proud price range, and the five lions also found the sales development according to the business plan a bit too linear. Lukas Speiser's hard-hitting conclusion: "Too little scalability, too expensive, does not justify a company valuation of half a million francs". No deal was struck. Philipp Rast made no secret of his disappointment, but was still looking forward to his after-work beer.
Lions show how their fitness is...
Then things got a bit action-packed and sporty: the young company "Overground AG" with Fabian Kägi, Chris Harmat, Dominique Karlin and Maurice Ndotoni is a combined training center for Ninja Warrior, Parkour, Calisthenics, Trampoline, Chase Tag, Big Bounce and Tricking - sports that are probably completely unknown to the older generation of TV viewers. The four sports enthusiasts - including Parkour and Ninja Warrior champions - currently run a training hall, but want to take off with events in the future. To do so, they need an investment of 150,000 Swiss francs and are willing to cede 10 percent company shares. The plans that the four presented sounded ambitious: they want to generate 30,000 francs in sales per event. Roland Brack already showed himself to be a connoisseur of Parkour. Patrick Mollet showed his fitness on the equipment himself. Only: The five investors put question marks behind the setup of the company: Is it now a fitness center operator or an event organizer? For Roland Brack, Overground AG is still in a "non-investable" phase. Tobias Reichmuth found the business plan too unclear, he also dropped out. For Bettina Hein it did not fit into her portfolio, Jürg Schwarzenbach and Patrick Mollet also did not want to invest. Conclusion for the TV viewer: The four young entrepreneurs probably still have to work on their business fitness...
When an online retailer suddenly invests in stores...
From sports back to retail was the presentation of "S'Fachl" with Christian Hammer, Markus Bauer and Coco Künzle. The Austrian company rents out sales space to small businesses in the form of fruit crates. Customers of "S'Fachl" can fill these crates with their products as they wish and follow the sales development live online. In Switzerland, they are currently present with a store in St.Gallen, run by Coco Künzle as "Fachlmeisterin". 300,000 Swiss francs against 10 percent company participation was now the investment presentation of the entrepreneurs from Vienna. Lion Tobias Reichmuth was taken with the concept - a kind of "analog Amazon" - but did not want to invest. Bettina Hein also made it short: "I have too little expertise in the retail sector" and also dropped out. Lukas Speiser recalled failed attempts to set up a floor-space business for Amorana and stayed true to his line: focus on online retail. Roland Brack, on the other hand, made an offer: 300,000 Swiss francs in exchange for a 15 percent stake. After a brief consideration, Christian Hammer accepted. So the deal was struck with the online retailer, which Tobias Reichmuth commented as follows: "Like Jeff Bezos: started online, and now he has stores everywhere.
Were able to choose from three offers from the lions: Lorenz Pöhlmann (left) and Ibrahim Can (right) from Adretto with Jürg Schwarzenbach, who won the bid in the end. (Image: Press service 3+)
Three offers for a single business idea
A situation that many a man has probably already experienced: An invitation to the wedding of a good friend with the dress code "festive". So where to find a suitable suit in the short time available? Lorenz Pöhlmann and Ibrahim Can from "Adretto" made exactly this experience. After a long trip from men's outfitter to men's outfitter, they thought to themselves: Couldn't there be alternatives? Their solution: renting suits instead of buying them. They developed software that calculates the appropriate measurements based on the customer's input and handles the rental process. For around 200 francs, they can rent not only a suit, but also matching shirts and accessories. Thanks to clever marketing via Google Ads, the two men have been able to generate a respectable demand - and: they currently seem to be the only ones in Switzerland to offer a suit rental service. But now they need capital to grow: 100,000 Swiss francs against a 10 percent stake, that was their idea. Three lions wanted to strike: Roland Brack offered 100,000 Swiss francs, but wanted a 15 percent share, Jürg Schwarzenbach offered 100,000 Swiss francs at 10 percent and Anja Graf also. Jürg Schwarzenbach finally won the bid, probably because as a member of Carvolution's board of directors he already had expertise in rental models. Given the enthusiasm that "Adretto" aroused in three lions, perhaps even more would have been possible. After all, Roland Brack stated at the end: "It's a pity that they didn't negotiate more.
(Update: After the broadcast, "Adretto" was also able to win Roland Brack as an investor. This of course means even more expertise and above all: online distribution...)
And once again: High company rating as "pièce de résistance
Marco Niggli from Sursee is the prototype of a smart young entrepreneur: 25 years young and fully convinced of his product. And this is called "Klixx", a frameless holder for car license plates. Simple design, manufacture from recycled plastic, easy assembly, available in various DIY markets were good arguments to arouse interest among investors. The capital requirement: 50,000 Swiss francs against 2.5 percent company participation. But the lions did not trust the company valuation put forward by Marco Niggli. Bettina Hein and Lukas Speiser complained that it was based too much on future calculations (150,000 "Klixx" sets are to be sold in Switzerland by 2024, with sales prices ranging between CHF 34.95 and CHF 39.95). Jürg Schwarzenbach and Bettina Hein said goodbye to the "bidding war", while Lukas Speiser took another look at the valuation: With a quarter of a million in sales in 2021 and still no profit, a valuation of 2 million was not justified, he said. Marco Niggli, however, referred to the investments made in patents and developments. His product was protected and competitors could not simply jump on his bandwagon. Anja Graf appreciated this positively, but did not believe in the sustainability of the projected sales figures and dropped out. Roland Brack wished for a different offer from the young entrepreneur with a more relevant company share. Marco Niggli understood and now offered 10 percent company shares for an investment of 50,000 Swiss francs. Roland Brack and Lukas Speiser exchanged glances and had a brief discussion. Their new offer was: together 100,000 Swiss francs against 20 percent company shares. Marco Niggli accepted. It seemed that even smart young entrepreneurs sometimes had to be forced to be happy...
The "Merkel rhombus" included: Young entrepreneur Marco Niggli showed his cool even when faced with tough questions from the lions and was rewarded with a deal. (Image: Press service 3+)
High tech for museum visits
200,000 Swiss francs for a 15 percent stake in the company - that was the capital requirement for "Dojo," an audio device for exhibitions that works using bone-sound technology. This means that the device is not held to the ear, but to the temple, thus providing an additional sound experience - in principle, a kind of acoustic "augmented reality. In exhibitions, "Dojo" recognizes when you are in front of an exhibit the information available about it. This is conveyed by a narrative voice, as Jana Kalbermatter and Louis Moser, the two young entrepreneurs, explained. Museums and exhibitors can program the device to suit their needs. And this showed the problem with the product: it is aimed at a niche with little potential for scaling, because the number of museums that can afford such a system - the purchase costs are in the five-digit range - is manageable. Anja Graf, Bettina Hein, Lukas Speiser and Jürg Schwarzenbach all dropped out, but paid great respect to the technological development. Roland Brack, who was the only one to try out the device, then made an offer: 200,000 Swiss francs in exchange for a 20 percent share in the company. And Jana Kalbermatter and Louis Moser were happy to take it.
Entrepreneurial fitness shown
The third season of "Die Höhle der Löwen Schweiz" ended with this show. The new investors brought a breath of fresh air and new expertise to the show. There was no shortage of business ideas and interesting business cases, and most of the startups and young entrepreneurs also deserved the publicity via TV cameras. A respectable level of entrepreneurial fitness was on display; the season's highlights included two Million-dollar deals as well as a teaching example (Broadcast October 26 2021), how you can gamble away the goodwill of investors with arrogance. We can look forward to the fourth season, for which new startups and interesting product innovations are already being sought that want to stand up to the judgment of investors.
Interviews with two investors on "Die Höhle der Löwen Schweiz" can be found at here, a review to the broadcast of November 30, 2021 there is here.
Voluntary terminations on the rise in one in three companies
Since Corona, voluntary resignations have increased at every third company. A lack of work-life balance is the main reason for changing jobs, according to the personnel service provider Robert Half.
Editorial
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December 7, 2021
Employees turn their backs on their employers: Voluntary resignations have increased since the start of the Corona pandemic. (Image: Pixabay.com)
One in three employers (36 %) are currently seeing more voluntary terminations than before the pandemic. That's according to the latest labor market survey by Robert Half, a talent solutions provider. Respondents cited difficulties balancing work and family (13 %) as the top reason.
The most important reasons for voluntary terminations
Further decisive factors for voluntary job changes are concerns about job security (12 %) and the lack of prospects for salary increases or career opportunities (11 %). High workloads (11 %) and uncompetitive salaries (10 %) also lead to employees voluntarily leaving.
Top 5 reasons for termination in 2021
Lack of work-life balance
13 %
Concerns about job security
12 %
No prospect of salary increase/promotion.
11 %
High workload
11 %
No competitive salaries/benefits
10 %
(Source: Robert Half Labor Market Study 2021)
Home office did not lead to improved work-life balance everywhere
In the 2019 labor market study, the main reasons for quitting were still too low a salary and the lack of prospects for a position with an international focus, according to Robert Half. "The motives for changing jobs have changed significantly. The home office options introduced in the pandemic have not led to an improvement in work-life balance for all employees," says Eva Mahoney, associate director at Robert Half in Zurich. "In addition, the economic shocks have raised many concerns about job security. In addition, companies struggling with the impact of the pandemic restrictions are currently unable to offer salary increases or development opportunities. This is contributing to higher churn."
Five tips against voluntary redundancies
Every voluntary termination causes costs and a loss of knowledge. Companies would rather keep their top employees - especially in times of a shortage of skilled workers. That's why active countermeasures are advisable. Eva Mahoney offers the following five tips on how employers can reduce the risk of their employees voluntarily quitting:
Transparent internal communication: If employees are worried about their jobs and quit for this reason, there may also be a misunderstanding. The employee may think that the company is in a bad way because of the current conditions - even though the real figures give no reason for this. This is where transparent internal employee communication can come in, providing information about the company's economic situation and openly stating its position.
Flexible work hours and remote work: Both improve the compatibility of family and career for many employees and contribute to greater satisfaction in terms of work-life balance. In many professions, a high degree of independent work and free time management is possible. This scope allows for creative work and individual breaks for reflection.
Appreciation express If you value your employees and give them the feeling that they are important to the company, you shape the group feeling and the emotional bond. The same applies to a good working atmosphere - here, the feel-good factor plays a major role.
Actively promote employees: Employees who do not want to stand still but have goals are grateful for cooperative employee development. They feel noticed, important and supported.
Living values and corporate culture: Values and corporate culture also play a major role: flat hierarchies, co-determination and communication at eye level strengthen the potential for identification. It is important that the corporate mission statements not only have an image-building effect on the outside, but are also lived out. Regularly reviewing this is an important management task.
With the start of the sports season in Europe, questions about personal and team performance have again regularly arisen. What analogies are there to teams in companies?
Ryne A. Sherman
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December 7, 2021
Team sports are an excellent testing ground for leadership and organizational effectiveness. (Image: Unsplash.com)
In life, there are two basic forms of competition: competition as part of a group and competition between groups. While competition as part of a group - who's up, who's down, who's in, who's out - gets a lot of attention, competition between groups is far more consequential. Strictly speaking, failure in intergroup competition almost always meant certain death and elimination from the gene pool for our ancestors in ancient times. In group competition, the most important factor for success is the coordination of individual efforts. Almost every significant human achievement came about through a coordinated group effort. The person or persons primarily responsible for coordinating group effort are its leaders. Therefore, leadership is critical to organizational effectiveness and determines whether a group succeeds or fails. This is as true for nations as it is for companies, and yes, even for team sports.
Talent alone is not enough
Team sports such as soccer, American football, basketball, volleyball, and rugby union are an excellent testing ground for leadership and organizational effectiveness. Success in these competitions requires a tremendous amount of group coordination. When an individual fails to do his or her job, it often results in the loss of possession, points, or even the entire game. As sports have proven time and time again, pure talent alone is not enough to produce a well-coordinated group effort. Sports are also an excellent way to test leadership skills and organizational efficiency because the results are objective: A team just wins or loses. It is often difficult to tell (until it is quite obvious) whether a business or government is succeeding or failing. But in sports, every game has an objective result. And finally, the third factor that makes sports an excellent testing ground for leadership and organizational effectiveness is the fact that players, managers and coaches change teams frequently. This means that team dynamics change frequently, and leadership is instrumental in attracting and developing the right talent, convincing individuals to put their own glory aside for the sake of the group, setting the strategy (or game plan) for success, and ensuring that coordination remains at a high level over long periods of time.
If you bet on the wrong coach ...
How a person leads in sports, just as in business or government, is largely dependent on that person's personality. We all differ in how we typically think, act and feel, and these individual differences affect how players and assistant coaches react. A few years ago, we were commissioned to help a large sports club select a new head coach. We used a series of scientifically validated personality assessments to understand how each potential coach would fit into the team. We assessed potential candidates' ability to handle pressure, work with the media, motivate their team, recover from defeats, treat players with respect, and build positive relationships with key staff. All of these factors are critical to success as a head coach. Based on our evaluations, one coach clearly stood out from the others because he was well prepared to take on the responsibility of leading the team. Unfortunately, the ownership group of this team chose a different candidate. According to our assessments, the coach they selected seemed to be guided by emotions and had difficulty handling criticism. During the game, the team showed a lack of discipline and conceded many penalties. The head coach clashed with the media several times, and halfway through the season many speculated that he had lost control of the team. At the end of a season that brought more defeats than victories, the coach was fired. The next season, the team hired the coach we had originally recommended. For the first time in more than a decade, the team played for the league title, and the head coach was named Coach of the Year by the league.
Basic principles are similar
Sport is a microcosm for exploring personality, leadership, and organizational effectiveness. The goals are clear and the results are not influenced by politics or bias. Teams and their managers change frequently, so it's a great place to observe how leadership and team coordination affect outcomes. Although managing a sports team is not quite the same as managing a business, many of the basic principles of leadership are the same: the most effective leaders are able to build and maintain high-performing, well-coordinated teams.
Author
Ryne A. Sherman is a renowned personality psychologist and leadership expert. As Chief Science Officer at Hogan, he works with top organizations to select the best leaders and CEOs through the use of personality data. Ryne A. Sherman's work includes extensive research on common challenges facing teams in organizations today, and developing and testing approaches to overcome them. www.hoganassessments.com
Risk outlook 2022: Investments in employee health will increase
International SOS's 2022 Risk Outlook reveals an immediate COVID-19 impact: more than half of companies intend to increase spending on mental and physical health.
Editorial
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December 6, 2021
Risk Outlook 2022: Investment in employee health will increase in the face of complex forecasts. (Image: International SOS)
Companies around the world will invest more in the health of their employees. This is the conclusion of the Risk Outlook 2022 from International SOS. The annual global report, Risk Outlook 2022, produced in collaboration with market research firm Ipsos Mori, also reveals an increasingly complex risk landscape facing companies. Nearly 1,000 employee health professionals in 75 countries were surveyed. The responses show that there will be increased investment in both mental and physical health. More than half, or 56%, of companies intend to increase spending in both areas.
Mental illness significantly reduces productivity
Companies face a dual health challenge, according to the survey. In addition to the physical aspects of protecting against COVID-19, the pandemic has contributed significantly to a mental health crisis, it says. More than one-third of respondents (36 %) expect mental health conditions to cause a significant drop in productivity in 2022.
The need for increased investment stems from the fact that companies expect increased risks in 2022. More than two-thirds (68 %) of companies expect risks to increase or remain the same next year. In particular, decision makers responsible for business travel (69 %) and international expatriates or expatriates (67 %) expect risk levels to increase or remain the same in 2022.
Increasingly complex risks are driving up costs. (Graphic: International SOS)
Causes of the decline in employee productivity in 2022
Respondents see the following as the top five causes of declining employee productivity in the coming year:
COVID-19
Mental health problems
Natural disasters including extreme weather conditions
Traffic problems
Security threats and civil unrest
Dr. Stefan Esser, Medical Director Central Europe at International SOS, comments: "In 2022, we face a multi-faceted threat environment. We are entering the third year of the pandemic, and although COVID-19 and the impact of the lockdowns continue to cause major disruptions, other risks are also becoming more present with the return to travel. Many experts predict that 2022 will be the "year of the big layoff wave." As a result, companies should ensure they are providing their employees with the support they need. Investing in mental health and physical well-being is essential for employee retention. These measures will help prevent productivity issues. The companies that best support their employees to navigate a changing work environment will be rewarded with higher employee resilience, loyalty and productivity."
Risk outlook 2022: Five forecasts
International SOS's top five listed forecasts for the next year are based on the results of the Risk Outlook Survey, expert interviews and the company's own data:
COVID-19, Long COVID, and mental health will be the top disruptors of employee productivity in 2022, causing increased absenteeism and continuity issues.
The infodemic will further exacerbate complexity in employee protection. At the same time, duties of care will be reshaped by new health and safety measures, employee expectations, and regulatory compliance.
Activities disrupted by the pandemic will become more stable by 2023 as companies use health and safety risk management as a competitive advantage. With improved risk management, companies support employee retention and willingness to return to activities such as business travel.
Companies run the risk of being caught off guard by rapidly changing security environments, as civil unrest and geopolitical volatility will exceed pre-pandemic levels.
Climate change will increase the frequency and impact of climate-sensitive hazards such as infectious diseases, extreme weather events, and socioeconomic tensions.
"In 2022, businesses need to be aware that perennial security concerns such as crime, civil unrest, terrorism or other geopolitical issues have not disappeared as a result of the pandemic. In many cases, the risks have actually increased. Tensions surrounding lockdowns, vaccine rollouts, and perceived encroachments on civil liberties have led to riots and violence in some places. With increasing vaccination requirements or restrictions on unvaccinated individuals worldwide, tensions are expected to increase in 2022. In addition to COVID-19-related triggers, natural disasters, geopolitical events, domestic conflict, and crime will continue to impact businesses around the world. These impacts will intensify in 2022 as travel increases again and the duty of care of employees in their home country becomes more of a focus," said Gautier Porot, Security Director for Switzerland and Italy at International SOS.
Against Covid viruses: Thurgau SME produces highly effective protective mask
In the new Corona wave, the mask requirement is being extended again. In contrast to conventional disposable masks, masks that fit directly to the face offer much greater protection against covid viruses. A Thurgau SME has now developed one and had it scientifically tested.
Editorial
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December 3, 2021
A mask that fits: It effectively protects against aerosols, which can also be enriched with covid viruses. (Image: Unrepa)
Pascal Eggmann is a tinkerer. The Thurgau native developed his first Covid protective masks shortly after the lockdown in March 2020. The 34-year-old family man from Dozwil discovered that most hygiene and protective masks do not fit properly. Now, with his startup Unrepa, he is launching a mask that even exceeds the FFP2 standard many times over. Because it can be washed up to 50 times, the mask, called "LIVIPRO Evolution," is also more ecological than disposable masks.
Aerosols with covid viruses do not stand a chance
What makes the LIVIPRO Evolution special is its fit and the different sizes for children, women and men. "The best mask is of little use if ambient air enters on the side," says Eggmann. His solution: a skin-friendly silicone ring that closes the mask to the face. Aerosol researcher Ernest Weingartner, professor at the Institute for Sensor Technology and Electronics at the University of Applied Sciences Northwestern Switzerland FHNW, confirms: "The right size of a mask and how it closes off on the side has a major influence on the protection of the wearer.
Filter efficiency of 99% scientifically confirmed
Pascal Eggmann wanted to know exactly and had the mask tested by the FHNW. "We tested many masks: The LIVIPRO Evolution was one of the best," says Ernest Weingartner. His tests show: Unwashed masks achieve a filter efficiency of 99% for particles with a diameter of around 300 nm (300 nanometers = 300 billionths of a meter). This is the particle size that is most difficult to filter, according to Weingartner. The smallest aerosols containing viruses in the air are in this size range. The independent Swiss testing and certification company Testex also confirms the high protective effect of the mask.
In use in municipalities, museums and at the SBB
The LIVIPRO masks are not only skin-friendly, but also have antiviral and antibacterial properties, according to the manufacturer. Swiss municipalities, museums and technical colleges are already equipping their employees with them. The masks are now also used by the SBB and in sports circles. So far, Eggmann has sold around 120,000 of them.
Pascal Eggmann has developed a mask that is both ecological and offers a high level of protection against aerosols contaminated by covid viruses. (Image: Unrepa)
Even after repeated washing, the protective effect of Eggmann's mask hardly diminishes. "It generates 540 times less waste than conventional masks," says Pascal Eggmann, calculating the added ecological value. It is also important to the young entrepreneur that the materials for his masks require little water and pesticides during production. Eggmann has his masks manufactured in Horgen in the canton of Zurich, and they are shipped all over the world from the protected workshop of the Sonnhalde Foundation in Grüningen/ZH.
Generation change in the company: How it (does not) succeed
It is well known: A change of generations in a company is associated with many pitfalls. Management consultant, keynote speaker and author Bruno Aregger knows this from his own experience. He has now packaged some ideas on how to be successful as an entrepreneur across generations in a kind of novel.
Thomas Berner
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December 3, 2021
A young man, let's call him Marco, ponders on the beach about the generational change in the company - and what else is going wrong in his life... (Image: depositphotos.com)
And this is how the story begins: Marco Maurer arrives in the Seychelles. At first, nothing points to a relaxing vacation on the paradisiacal group of islands in the Indian Ocean. First Marco gets upset about an elderly passenger, then about the receptionist at the hotel, and the protagonist seems to have built up a lot of frustration. He has a problem: He is supposed to take over his father's company, even though he has no desire to do so. In addition, his girlfriend is pressuring him to get married and have children, but is obviously more interested in his money. Marco's trip to the Seychelles initially turns out to be an escape from responsibility.
Making a company "turnkey
But then Rob - of all people, the passenger who provoked Marco with the statement that his life consists only of vacations - enters his life and gives it a new turn. It turns out that Rob is a successful entrepreneur who runs his company rather unconventionally - in any case differently than Marco knows it from his patriarchal father. He is the one who pulls all the strings, and no decision is made without his final say. And that includes deciding on the succession to the company: it is to be his son Marco. Rob invites Marco to a mysterious party on a private island. It turns out that Rob's company invites the management team to a luxurious event every year to "talk about the current situation in our company," as Marco then learns on the spot. Marco gradually succumbs to the fascination of a corporate culture that is new to him. Then Stefanie, an equally fascinating woman, crosses his path. She reveals to him the first secrets behind Rob's successful company management and invites him to learn more about it as a guest. Then something like a "school of life" for entrepreneurs begins for him in a condensed form: Marco thinks about his role in his father's company, memorizes phrases like "work more AM instead of IN the company" or "make yourself redundant from the start" or "a lot of work doesn't necessarily bring more money." Little by little, Marco discovers how to make a company "turnkey", i.e. fit for a succession plan. What Marco's decision looks like in the end cannot be revealed here, only this much: The book ends with a smile...
Generation change in the company as a question of optimal corporate management
In this "business novel", the author Bruno Aregger, who himself accompanies entrepreneurs during company succession, processes his ideas of an optimally managed company. The frame story is cleverly chosen: A frustrated entrepreneur's son is thrown out of the "hell" of a patriarchally run company quasi by chance into the "paradise" of a corporate culture in which everything seems to be just right: the way employees treat each other, a high degree of self-responsibility on the part of all, flat hierarchies, a healthy mix of intrinsic and extrinsic motivation on the part of the key people, all of whom are less "bosses" and much more "coaches" and "mentors." And a bit of romance and country information about the Seychelles can't be missing either. The characters are - sometimes perhaps a bit clichéd - clearly drawn: There's frustrated Marco, who knows he has to take over a company that doesn't suit him at all, there's jovial Rob, who shows how much fun entrepreneurship can be. And then there is Stefanie as the "saving angel" who takes Marco by the hand, gives him new knowledge, other views and ultimately the insights that lead Marco to his decision. Marco's father, who can be seen as the epitome of outdated ideas about how to run a company, and Marco's mother, who freed herself in time from the constraints of a family business by getting divorced and founding a startup, also play their roles on Marco's path to becoming an "optimal" entrepreneur.
A novel as nonfiction
Conclusion after reading: Bruno Aregger's book is a guidebook for entrepreneurs who are themselves facing a generational change in the company or otherwise at an entrepreneurial crossroads. Despite the "romantic" storyline, it remains a non-fiction book, but it is certainly more entertaining to read than some other specialized literature on topics such as corporate management, succession, corporate culture, and so on. This is because the emotional aspects of corporate succession and important messages for coping with them can be conveyed in an ideal way in the form of a "business romance". A good spirit in the company does not have to be a pipe dream, nor does it have to be a utopia; the practical tips for everyday entrepreneurial life that Bruno Aregger packs into a framework story are practicable and implementable - but, as with the main character, they require a change in personal mindset. The book, which is easy to read in this form, would have deserved more careful editing. But that can be made up for in a second edition, because the book certainly deserves one.
Bruno Aregger My son takes over my company not Being successful over generations. ISBN 978-3-9524975-2-4 (Print) ISBN 978-3-9524975-3-1 (e-book) 1st edition 2020