This section features articles on business and economy. Since business administration and economics cover a broad spectrum, the topics are correspondingly diverse.
The idea of mobile light
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- Written by: D.Koenig
The flashlight. A mobile, light-generating device. Everyone knows it, everyone owns it. Today, it's an integral part of every smartphone. Yet this product launch was based on a simple idea. Thus, it still serves as a popular example in the field of entrepreneurship, patents, creativity, and business acumen, providing inspiration and hope.
The Fashion Baron - From Poor Boy to Billionaire
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- Written by: D.Koenig
Spaniard Amancio Ortaga was born in 1936 in Busdongo de Arbás, Spain. He grew up in a quiet environment. He dropped out of school to work in a clothing store to support his family. This entry into the clothing industry was full of ideas and strong motivation. However, he probably never imagined at the time that he would one day become the creator of a fashion empire and a multi-billionaire.
Business Administration as Measure Design
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- Written by: D.Koenig
The term business administration is used to describe a subject that describes and explains the target and actual conditions in a business and teaches decision-making aids. This is absolutely correct. Also the fact that those interested in general business administration are largely confronted with industrial challenges. Complementary specialist areas such as banking management, commercial management, management in healthcare and business administration of so-called non-profit organizations (NPO), such as non-profit associations or companies are based on this.
Hotels remain a strong market sector
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- Written by: D.Koenig
The Corona pandemic hit the accommodation industry worldwide. Travel restrictions and special requirements as well as a lockdown ruined some smaller hotel businesses at the time, which could not be maintained even with government aid. However, as the research platform Statista announced, the hotel industry is subject to strong international sales forecasts and user expectations. In the hotel market segment, sales of 474.7 billion1 euros are expected by 2029. Cruises, on the other hand, remain below the expected limit of 50 billion euros in the same period.
EU waste management - LUCID,WEEE,EPR-FR Numbers (Extended producer responsibility)
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- Written by: D.Koenig
As a result of extended producer responsibility (EPR) within the european union (EU), retailers must register and make a contribution to waste management in the form of system participation. The implementation of the goals for reducing waste and its proper disposal should thus be promoted and monitored. Since July 2022, checking the proper and comprehensive registration of products and packaging for trading platforms has also been mandatory. In accordance with the EPR, online retailers should provide the relevant registration numbers in order to be allowed to sell at all.
Read more: EU waste management - LUCID,WEEE,EPR-FR Numbers (Extended producer responsibility)