Analysis of 100 corporations: DSW: German corporations have many homemade problems

Outdated structures, bloated administrations and weak innovative strength, according to the investor protection association DSW, are essential reasons for the crisis of the German economy. The often discussed high energy prices, on the other hand, only played a subordinate role, according to a study by DSW and the strategy consultancy Advyce & Company, for which influencing factors on 100 stock market companies were examined. For this, companies suffered from their own omissions.

High salaries, old -fashioned organizations

With Corona and Ukrainklieg, companies have experienced difficult conditions, says study author Martin Geißler from Advyce. “However, this must not hide the fact that many of the current problems are homemade and the result is that companies have simply overslept important changes over two decades.”

Many companies made old -fashioned organizational structures with bloated administrations and less efficient, hardly digitized processes – so structure costs are raised, according to the analysis. This particularly affects banks and pharmaceutical industry. In addition, too little is invested in research and development in global comparison.

Burkhard Wagner, Managing Director of Advyce, referred to traditionally high salaries at banks. In contrast, IT companies succeed in significantly reducing the costs with digitized processes. The management of many companies must go to the internal bureaucracy, said DSW general manager Marc Tüngler.

For the study, the factors of energy costs, international competition, shortage of skilled workers, regulatorics as well as wage and structure costs and their influence on the transformation needs of 100 stock market companies that are listed in the HDAX were examined. It comprises the leading index Dax, the MDAX medium value index and the TecDax.

Only a few industries apply

According to this, high wage and structure costs are the most, followed by bureaucracy. German companies would have to consider around 97,000 individual states – 18 percent more than ten years ago. In addition, there is a sharper international competition from China, for example, who is currently meeting the car industry, and a shortage of skilled workers, especially with engineers and IT specialists.

The increased energy costs, on the other hand, have only a few industries such as chemistry and raw material producers. “For the majority of the German economy, from the automotive industry to mechanical engineering to the IT and health sector, they only play a subordinate role if you look at them in relation to other sources of cost.”

The study also shows great potential: Germany benefits from an internationally unique foundation from well -trained specialists and highly specialized companies in almost all industries. However, politics must press the non -wage costs, support industries in transformation and reduce energy costs.