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What makes the Difference between Unsuccessful and Successful Firms in the German Mechanical Engineering Industry?

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Author Info

  • Widmaier, Ulrich
  • Niggemann, Hiltrud
  • Merz, Joachim

Abstract

Against a background of rising costs and increasing competition, it is besoming more and more difficult for the small and medium-sized firms of the German mechanical engineering industry to be economically successful. The thesis that rapidly changing markets, products and production processes cause serious economic problems for these firms is, however, a proposition on an average trend. A substantial number of firms are not only capable of coping with these conditions and challenges, but are even able to expand their business activities, including employment. We may hypothesize that their product and market strategies as well as their internal mode of operation and organization differs significantly from those firms doing economically less well. In order to test the significance of factors which could lead to different levels of success, operationalized with data of the NIFA panel the method of static microsimulation is applied using the program MICSIM. This particular method offers the possibility of reweighting the information contained in micro datasets according to restrictions given by aggregated data (i.e. marginal distributions). The latter will be chosen in such a way that the number of firms with properties (strategies), hypothetically leading to success in terms of lower excess capacity, are 'artificially', increased in the sample. The research goal is to find out whether such hypothetical strategies are supported by the data. The basic finding that certain complex strategies are more often successful demonstrates that unidimensional approaches to modernize production are of less value. Only in those strategies wehere organization of production, technical equipment, degree of vertical integration, products and customers are part of an intergrated innovational strategy, is success most likely to be fuelled.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 7230.

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Date of creation: Jul 1994
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Handle: RePEc:pra:mprapa:7230

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Keywords: economic succes; NIFA PANEL; microsimulation; engineering;

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References

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  1. Merz, Joachim, 1991. "Microsimulation -- A survey of principles, developments and applications," International Journal of Forecasting, Elsevier, Elsevier, vol. 7(1), pages 77-104, May.
  2. Merz, Joachim, 1993. "Market and Non-market Labor Supply and Recent German Tax Reform Impacts - Behavioral Response in a Combined Dynamic and Static Microsimulation Model," MPRA Paper 7235, University Library of Munich, Germany.
  3. Merz, Joachim & Faik, Jürgen, 1994. "Equivalence Scales Based on Revealed Preference Consumption Expenditure Microdata - The Case of West Germany," MPRA Paper 16297, University Library of Munich, Germany.
  4. Merz, Joachim, 1992. "Time Use Dynamics in Paid Work and Household Activities of Married Women - A Panel Analysis with Household Information and Regional Labour Demand," MPRA Paper 7242, University Library of Munich, Germany.
  5. Joachim Merz, 1993. "Statistik und Freie Berufe im Rahmen einer empirischen Wirtschafts- und Sozialforschung," FFB-Discussionpaper, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg 04, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg.
  6. Merz, Joachim & Garner, Thesia & Smeeding, Timothy M. & Faik, Jürgen & Johnson, David, 1994. "Two Scales, One Methodology - Expenditure Based Equivalence Scales for the United States and Germany," MPRA Paper 7233, University Library of Munich, Germany.
  7. Merz, Joachim & Wolff, Klaus G, 1993. "The Shadow Economy: Illicit Work and Household Production: A Microanalysis of West Germany," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(2), pages 177-94, June.
  8. Merz, Joachim, 1994. "Microsimulation - A Survey of Methods and Applications for Analyzing Economic and Social Policy," MPRA Paper 7232, University Library of Munich, Germany.
  9. Merz, Joachim, 1994. "Microdata Adjustment by the Minimum Information Loss Principle," MPRA Paper 7231, University Library of Munich, Germany.
  10. Joachim Merz, 1993. "Microsimulation as an Instrument to Evaluate Economic and Social Programmes," FFB-Discussionpaper, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg 05, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg.
  11. Widmaier, Ulrich & Niggemann, Hiltrud & Merz, Joachim, 1994. "What makes the Difference between Unsuccessful and Successful Firms in the German Mechanical Engineering Industry?," MPRA Paper 7230, University Library of Munich, Germany.
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Cited by:
  1. Joachim Merz, 1995. "MICSIM - Concept, Developments and Applications of a PC-Microsimulation Model for Research and Teaching," FFB-Discussionpaper, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg 14, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg.
  2. Joachim Merz & Henning Stolze, 2005. "Representative Time Use Data and Calibration of the American Time Use Studies 1965-1999," FFB-Discussionpaper, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg 54, Research Institute on Professions (Forschungsinstitut Freie Berufe (FFB)), LEUPHANA University Lüneburg, revised Jan 2006.
  3. Widmaier, Ulrich & Niggemann, Hiltrud & Merz, Joachim, 1994. "What makes the Difference between Unsuccessful and Successful Firms in the German Mechanical Engineering Industry?," MPRA Paper 7230, University Library of Munich, Germany.

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