Germany approves financial reforms to help its tech industry compete with Silicon Valley
Germany approves financial reforms to help its tech industry compete with Silicon Valley
www.cnbc.com
Germany approves financial reforms to help its tech industry compete with Silicon Valley
Well, there is not too much on a global scale besides SAP.
In general Germany tends to have more small companies that are serving ultra-narrow niches and fewer huge companies that the average person would know.
those companies can’t compete with US companies simply because the US intentionally let their corporations grow without limits in the past so they would be essentially without competition worldwide because of their size.
They will just buy those Startups. End of story.
Telekom (including t Systems)? Siemens? Bosch? Those are all even bigger than SAP.
Within Germany, those are typically seen as extremely old-fashioned, "verkrustet". Bad at innovation, not modern in culture, etc.
I have no idea how true that is, but it's a perception that doesn't help them attract talent.
The other issue is that big tech are money printing machines. Google makes a profit of more than $300k per employee (that's already after paying the high salaries!), Bosch less than $5k.
Tech companies are paying much better because they can also afford it, unlike everyone else.
If any of the rest are even similar to SAP then please don't compete, dealing with SAP is bad enough