Tuesday, June 2, 2015

Day 3 - Business visits

This post was written by Jessica and Greg:

Monday we embarked on our first day of European business endeavors. The group hit the floor running with a briefing at breakfast on the two places we’d visit for the day. Greg and Jessica presented on the Department of Labor and Economic Development and Michelle and Bonnie on Knorr Bremse.



During our visit to the Department of Labor and Economic Development we received a presentation on Munich as a business hub.  Munich itself has one of the world’s lowest unemployment rates at 3.6% with its top industries being information and communication technology/media, automotive engineering, and aerospace/satellite navigation. 




Knorr Bremse, the worlds leader in manufacturing brake systems for rail and commercial vehicles, was kind enough to host us for lunch and provide an insightful presentation on its history and position in a global market. Aside from learning about key aspects that a company must incorporate when expanding into different markets and cultures, we also gained a piece of German business etiquette when we learned that in such a setting it is not typical to drink directly from the bottle of water/soda/juice we had received with our lunch. There were glasses on the table, but we did not pick up on the que and some thought they would’ve provided an inconvenience by “dirtying” a glass for them. This miniscule detail gives some great insight on how we on one hand often do not mean to offend other cultures and on the other hand are not mindful of their cues in our surroundings. This will be an experience we will certainly take with us on the rest of the week’s visits.


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