Franz Rumstadt

"🚀 Start Your Engines! The #ForumUnternehmerTUM 2024 is gearing up in Munich, poised to explore resilience in business and society. This gathering is the perfect setting for visionaries to connect, fostering rich dialogues and innovative solutions in #ArtificialIntelligence, #Innovation, and responsible leadership. Can’t wait to delve into these transformative discussions! #Leadership #Sustainability"

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Moin Moin. Was Geht? OMR24   A lot is going on, a lot of moving pieces – it’s exciting and fun! Answers to my question before going this year to OMR and my key take away to these: ⚡How to make best use of AI and ML? Other than the name “Artificial Intelligence” suggests, it is not intelligent, it cannot solve new problems (yet). But AI tools are extremely efficient in managing standard tasks, based on experience and data. Therefore, all indirect processes should be targeted asap: Supply Chain, Purchasing, Bookkeeping, Payroll, etc. You need these savings urgently to stay competitive. Get going. Use the Data you have. ⚡How best to manage risk and ops? It is as simple as this: The opportunity is - just f…. do it! Then you have the chance to stay in the business. The risk is - not do it or be too slow. You will lose out and get uncompetitive.   ⚡How to make your team fit for this future? Make AI a Boss Thing! Appoint an AI responsible reporting directly to you. Have an AI responsible in every department. Talk about the opportunities, give confidence that you will manage this and succeed. Invest in your people. Make them be part of something special – and driving AI within the company and for the benefit of the company if very special and very rewarding!   The key consequences for the practical work with my clients are: ✅ You need a clear objective and a road map for the next 12 months (these times you are not able to look out longer) – and then focus on max Top 3 priorities! Your resources and in particular your AI knowledge is still limited. To make a good decision you need to know where you want to be using AI in 12 months. Analyze your potential projects portfolio and decide what brings you the biggest bang for the buck $$$. Then – Focus, Focus, Focus - and - Execution, Execution, Execution! ✅ Don’t overcomplicate it – get going, get experience, learn, and adjust as you go. Speed is far more important than perfection. ✅ Be Technology open and flexible. The application you might choose today might not be there tomorrow or not the best solution for the next phase.   In addition, two hints that I liked very much: 💡Combine your Chatbots for Service, Sales, Technical Hotline etc. with ChatGPT. Significant improvements of customer satisfaction are measurable. 💡Use TikTok as a Sales Channel. For people under 30 years TikTok is already the No.1 search Engine. 53% of the users start the App with the search function. Be fast, take a risk, have fun – I am here to support you being successful for the long run!   #OMR24

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🚗 A Decisive Moment for the German Automotive Industry 🇩🇪 The EU is on the brink of imposing tariffs on Chinese electric vehicles, citing unfair subsidies from China. This could have significant consequences for German automakers like VW, BMW, and Mercedes, who produce in China for the European market. Ironically, these tariffs could hurt German manufacturers more than their Chinese counterparts, especially considering the recent US tariffs that have basically "restricted" Chinese cars imports to America with a 100% tax. Key questions arise: Will Germany continue to follow the US in escalating the trade war with China, even if it damages their own economic interests? Or will they recognize China's inevitability as a dominant player in global EVs, given China’s persistent efforts and capabilities? Chinese manufacturers currently only hold 1% of the German EV market, but companies like BYD, who have been waiting for a breakthrough since 2006, are ready to expand. With Chinese manufacturers gaining momentum in electric mobility and making strides into Africa, is now the right time for Europe to try and delay their progress—or should they prepare for more integration? If Chancellor Scholz decides against supporting these tariffs, it might not only prevent economic backlash but also open up new investment opportunities. From my perspective, BYD is particularly worth watching if German policy takes a more accommodating stance on Chinese exports. The future of EU-China trade and investment hangs in the balance. Let’s see what Brussels decides today—this could be a turning point. 🛠️💡

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Working with German OEMs on a Mobility (you still say Automobile) Strategy since 2008. They know since 15 years or more what they have to do: they just have to do it. The CxU has stood in the way of innovation in mobility and energy for over 16 years - transportation ministers and the VDA have torpedoed all chances of change: bringing us up to this point. And you continue to ask the wrong people for strategy, and have the wrong people to execute: and anyone aware and watching this sees that the VDA and yourself are complicit.

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🚀 Accelerating (Gen)AI competence at Mercedes-Benz Group AG with the #GenAI Campaign! 🎓 I recently held my last impulse talk about about how to leverage tangible business value with #AI, including #GenAI. I received this great opportunity to inspire more than 1.000 business experts to help them understanding the potentials and limitations of AI. Besides my contribution, there is a big choice of impulse talks, web-based trainings and readings available, severing thousands of people. Many thanks to everyone who joined, listened and took part at the discussions! 🙏 💻 GenAI isn‘t only a tool for #data and AI experts but for all office workers to boost #productivity. It dramatically reduces the barriers to use AI disciplines like natural language processing, image processing or data mining. For this reason, everybody has to be equipped with the ability to map AI capabilities to the business domain you are working in. 🙏 Many thanks to Silke Silva and all other colleagues of MB Learning who are the driving forces behind this valuable program! 👏 🎄🎓Are you also interested in getting more than just holiday weight over Christmas break? You‘re invited to join my #Udemy course to learn the essentials of applied AI and receive a Christmas discount for registration. Happy learning! ➡️ https://lnkd.in/eFRyfX6F ➡️ Voucher code: AI4CHRISTMAS #artificialintelligence #datascience #machinelearning #learning #training

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🚗 The Pressure Mounts on Volkswagen: Implications for Germany's Economy Volkswagen, one of Germany’s iconic automakers, is facing significant challenges as its CEO calls for "urgent measures" to secure the company's future. This comes as the automotive giant navigates slowing demand, fierce competition—especially from Chinese electric vehicle (EV) manufacturers—and the costly transition to EVs. The urgency of this message underlines the immense pressure on traditional automakers to adapt or risk falling behind. Volkswagen’s struggles are not just a corporate issue; they resonate deeply with Germany’s economy. The automotive sector is a cornerstone of the country’s economic stability, employing millions and driving exports. A downturn in this sector could ripple across supply chains, impact employment, and slow economic growth. As the EV revolution accelerates, the global automotive landscape is shifting dramatically. For Germany, ensuring its automakers remain competitive will be critical—not only for the industry but for the broader economy. How should legacy companies respond to these pressures while balancing innovation and cost-efficiency? #Volkswagen #AutomotiveIndustry #EVRevolution #GermanyEconomy #Sustainability #SupplyChain Read the WSJ article: https://lnkd.in/gptrfGqx

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One of the biggest challenges to navigate for German automotive players right now: The radical workforce transformation until 2030. Three insights from our latest Strategy& analysis: 🚧 Every 3rd position today (~260.000 positions) will need to be newly filled until 2030.  ⚡ ~60.000 of these positions will remain unfilled even when addressed with recruiting efforts. ⛵ Automotive players must proactively act now with a holistic talent management strategy to bridge the talent gap. Dive deeper into our analysis and read our Strategy& study here: https://lnkd.in/egbSesmb  #talentgap #skills #europeanunion #foresight #automotive #employment

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… und plötzlich findest du dich angekündigt in der ersten Reihe neben CxOs und Heads of Something 🤗😍🎤 I am looking forward to the Industrial Metaverse Conference 2024 with interesting speeches and fascinating people in July. And am highly willing to work hard for my own CxO position in some years 🚀. Feel free to follow the process. 🫶 #femaleempowerment #industrialmetaverse #girlsintech

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Communication departments need to sharpen their profile Study reveals significant room for improvement in the perception and positioning of corporate communications A team of researchers from Leipzig University investigated the perception and positioning of communication departments in large companies. 1,147 top executives, middle managers, and employees without leadership responsibilities in Germany—the largest European country—were surveyed about their perceptions of the objectives, tasks, and relevance of their communication departments. The results show that there is still much room for improvement. Only 50% of top managers and 36% of middle managers are convinced that communicators' work helps them fulfill their tasks. Nearly every second manager doubts that the resources and budgets spent on communications in their own company are justified. A majority of all respondents call for communication departments to better explain what they do and how they create value. The study reveals possible courses of action. https://lnkd.in/dys_hE5y

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Ever wondered how a company like Porsche works with startups to drive innovation?🤯🚀 We were thrilled to welcome Dr. Ulrich Thiem, the Managing Director of Porsche Ventures, to our foundertalk at thinc! last week. Dr. Thiem took us through his journey at Porsche, giving us a behind-the-scenes look at how Corporate Venture Capital (CVC) helps Porsche break into new markets and discover top talent. He explained how CVC isn’t just about investment - it’s about building real partnerships between established companies and startups to drive growth and innovation💡 One key takeaway? For founders, resilience and stress management are just as important as strategy. In today’s fast-paced business world, personal growth and adaptability are crucial, especially when navigating partnerships with strategic investors! During the Q&A, Dr. Thiem shared practical advice for aspiring entrepreneurs on scaling their businesses, attracting top talent, and building a strong leadership culture. 💬His advice was clear: "Invest in your team, establish credibility, and keep your vision focused to thrive." We’re incredibly thankful to Dr. Thiem for sharing his expertise and experiences with us - it was a truly inspiring session for anyone looking to make an impact in venture capital or the start-up world!💙 #thinc #porscheventures #foundertalk #CVC #startups #innovation #entrepreneurship #leadership #venturecapital

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📎 Reminder: How about staying humble every now and then? - Learn from students! Yesterday, I had the opportunity to have a "hot seat" chat with students from Frankfurt School of Finance & Management. Great and intriguing evening. My 3 key take aways: 1️⃣ I was deeply impressed by the students’ knowledge and interpretations on the industry's challenges, e.g., Software Defined Vehicle, Challenges from/in China, Powertrain decisions, Sales Concepts etc. 2️⃣ It is time, to stop talking and start listening every now and then (to all the experienced ones here: Take it as a recommendation): Be humble, start listening and be open to get (unconventional) inspirations from younger ones! They are well-educated, smart, creative and unconventional. 3️⃣ I cannot wait for students like them to enter the job market and start applying, e.g. at Capgemini Invent Thank you for the great evening. #holisticlearning #capgemiinvent #hotseat

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Eine grandiose Deloitte-Studie! Einige Key Insights zu Future of Corporate Affairs: 1. Reputation is the highest priority for 2024, followed by people and culture change 2. Data & Insights remain the most desirable future competency to strengthen within CA teams https://lnkd.in/dA4T-u2a

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𝗔𝗰𝗰𝗲𝘀𝘀 𝘁𝗼 𝗚𝗲𝗿𝗺𝗮𝗻 𝗩𝗖 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗳𝗼𝗿 𝗦𝘁𝗮𝗿𝘁-𝘂𝗽𝘀 𝗘𝘅𝗽𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗜𝗺𝗽𝗿𝗼𝘃𝗲! (at least, that's the hope according to the latest surveys by the German Private Equity and Venture Capital Association (BVK) and KfW Bank). 𝗪𝗵𝗮𝘁'𝘀 𝘁𝗵𝗲 𝗱𝗲𝗮𝗹? 🤓 The BVK's German Venture Capital Barometer surveys around 200 members quarterly, covering key metrics that describe the business climate in the German VC landscape, including fundraising, exit options, and more. Start-ups are at the end of the VC funding chain. If VC funds face a capital crunch, Start-ups feel the squeeze too. 𝗧𝗵𝗲 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 📊 I've graphically analyzed the data since 2019 (see image below) and found: 𝗖𝗼𝗿𝗼𝗻𝗮 𝗦𝗵𝗼𝗰𝗸: The pandemic was a shock but also spurred new business models and opportunities. VC sentiment on fundraising and exits was high between 2020 and 2021. However, Start-up entry valuations dropped, possibly due to market pessimism. The deal pipeline remained strong, with robust deal flow quality and quantity. Many Start-ups seized the moment to access VC investments at lower valuations, driven by the pandemic's uncertainty. 𝗧𝗵𝗲 𝗕𝗶𝗴 𝗗𝗲𝗻𝘁 𝗶𝗻 𝟮𝟬𝟮𝟮: Many factors contributed to this downturn. Notably, the ECB's incremental interest rate hikes aimed at curbing inflation in Europe (see purple line). Increased energy costs, the war in Ukraine (loss of sales markets), supply chain disruptions, and poor market sentiment likely played roles. These challenges made it tough to raise fresh VC capital and secure attractive exits. A backlog of exits still exists. 𝗔 𝗥𝗮𝘆 𝗼𝗳 𝗛𝗼𝗽𝗲 𝗶𝗻 𝗤𝟮 𝟮𝟬𝟮𝟰: The sentiment indicator improved by 10.6 points to -8.9 balance points. A positive trend is also emerging in fundraising and exit options. 𝗛𝗼𝘄 𝘄𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝗶𝗻𝘁𝗲𝗿𝗽𝗿𝗲𝘁 𝘁𝗵𝗲 𝗱𝗮𝘁𝗮? 🤔 I hope the situation improves in the coming months and years. Young, dynamic, and innovative Start-ups are crucial for long-term economic growth, as seen in the USA. Have you noticed the negative sentiment as a Start-up? Or the exit congestion as a VC manager? When do you think the situation will turn around? You can find full access to the reports at: https://lnkd.in/eJUt7AeK

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Great interview of Michael Cole, President and CEO of Hyundai Motor Europe, in Germany’s leading top management publication. Mr. Cole sees Hyundai‘s innovation mindedness, strong and broad product portfolio in all drive train technologies, high yet affordable quality products, a well established brand and innovations in retail, including the recent collaboration with Amazon, as the key to succeed in the increasingly competitive market environment. I couldn’t have summed up our ground-breaking collaboration in better words. A great partnership that is driven by Customer Obsession, Innovation and Trust. 🤝 Manager Magazin: In the USA, Hyundai now also wants to cooperate with Amazon to sell cars. Is this really the right way? Michael Cole: Yes, we are convinced of it. We are also talking to Amazon in Europe, our brand is in good hands there. But sales will go through our dealers, they are involved. This will not be direct sales, our partners will benefit from additional attention. Manager Magazin: When will the first Hyundais be available on Amazon in Europe? Michael Cole: Even now. The Hyundai Brand Space on Amazon has been available in Germany since April, and other countries will follow. For those who have not seen the Hyundai Brand Space on Amazon in Germany yet, be invited to discover it now https://lnkd.in/e-UvrJBU #Hyundai #Amazon #AmazonAds #Automotive #Cars #Retail

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We reached another milestone: Our charging Service Mercedes me Charge is expanding rapidly and reaches a new milestone of 2 Million charging points As of October 2024, the Mercedes me Charge network offers customers access to more than 2 million charging points, making it one of the largest charging networks worldwide. In the first three quarters of 2024, Mercedes-Benz integrated around 500,000 charging points – a record increase since the service's launch in 2019, particularly in high-power fast charging points with over 150 kW capacity. In Europe, the network has surpassed 750,000 charging points, which can be used across borders with just one Mercedes me Charge contract. What an incredible achievement, by an incredible team. I am incredible proud to work with so many exceptional people, that are shaping the industry and offering the best possible services for our customers. Our customers deserve the best possible charging experience, and we are all working incredibly hard to push Mercedes me Charge into new markets and launching new services. Here are some of our core features: 🗺 Intelligent Route Planning: Navigation with Electric Intelligence calculates a time-efficient route including charging stops or guides the driver to the nearest charging point in the vicinity and at the destination. 🔑 Easy Authentication: Authentication at the charging station is always done in the same user-friendly and familiar way via the MBUX display, the Mercedes-Benz app, the RFID card, or Plug & Charge at participating charging station operators. 👛 Transparent Costs: Before charging, the exact prices per kilowatt-hour or minute, as well as the estimated costs to reach the maximum charge level for fully electric vehicles, are displayed. 💰 Fixed Charging Prices: In Europe, customers with a smart Mercedes me Charge tariff can charge at attractive AC/DC fixed prices. 💚 Renewable Energy: In Europe, the US and Canada, Mercedes-Benz ensures that an equivalent amount of electricity from renewable energy sources is fed into the power grid for charging processes in Mercedes me Charge, if no electricity from renewable energy sources is provided. Powered by a lot of brilliant minds at Mercedes-Benz Mobility AG, Mercedes-Benz AG, Mercedes pay GmbH, Mercedes-Benz High-Power Charging and at our many, many partners among them Digital Charging Solutions GmbH, Hubject and ChargePoint 💪 Jannis Dobberkau Odessa Cheng Pavlos Ioannidis Stelian Campean Franziska Wächter Rajat Goyal Eric Dadgar Timucin Yilmaz Ines Martin Velasco Norina Plank Münevver Köysüren Ada Okumus and so many more...

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Great news - our German Automotive team has secured the top spot in the prestigious Automobilwoche IT service provider ranking for the third year in a row!    Congratulations to Philipp Kupferschmidt Kupferschmidt and our Automotive team in the DACH region like Sebastian Angerer, Christian Barth, Kevin Eversmann, Diana Herrmann, Christof Horn, Alexander A. Huber, Oliver Kiene, Christian Kleikamp, Christian Levels, Sascha Marquardt, Roland Mayr, Dennis Rothhaas, Markus Schunk as well as our global team on this achievement.  , The automotive industry is transforming faster than ever before in the last 100 years of its existence. In these times of great change, our clients need a partner that helps them reimagine their future and shape the mobility of tomorrow together.   Digital, sustainable, autonomous - they all require a deep and hands-on understanding of technology and data. And that’s where we create value because we do not only define the strategy, but also implement, scale and operate a solution. We’re so much more than a service provider – we’re an innovation partner.   For us, only the outcome counts, and we bring in whatever experts are needed to make it work - from software developers to engineers to consultants with deep industry and functional knowledge.   I am grateful that so many automotive and mobility clients choose Accenture for their transformation journey, and I am looking forward to many more exciting projects with them.   Let’s keep on shaping the future of mobility together!   #ranking #award #numberone

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Joint Ventures with Chinese OEMs in Europe should only proceed with control by the European partner. And Europe learns from the Chinese about their unique methods for products and production. Martin Seiwert, Martin Hofmann, Wolfgang Bernhart, kudos: Good move—beat the Chinese with their own strategies. Can the industry align on these ethics independently, or do we need intervention from Ursula von der Leyen? #mobility #sustainability WirtschaftsWoche

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See my interview today with FOCUS magazin. We talk about the importance of mobility and its affordability, the development of electric cars and why tariffs on EV’s are not the right solution. @VDIK

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"Das war's mit der E-Mobilität!" Oder doch nicht? --- ‘That's it for e-mobility!’ Or is'nt it? #column #ceo #emobility #chargingsolution #vw #volkswagen #bev #ev #juiceworld #juicebooster #juicecharger #chargingstations (Link zur DE-Version in den Kommentaren.)

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