Business awards honor innovative companies
Eight of Germany's leading companies were honored this week at the "Best of European Business Awards" in Berlin highlighting achievements in growth, innovation, value creation and strategies for eastern European markets.
Automakers BMW and Porsche, chemical companies Altana and BASF, tire maker Continental, publisher Axel Springer, fertilizer producer K+S and machine tool producer and laser specialist Trumpf were the winners.
All eight companies displayed an outstanding capacity for innovation and drew on the strengths of Germany's highly-qualified and highly-motivated workforce, said Burkhard Schwenker, head of the Munich-based consultancy Roland Berger.
"All of our winners emphasize motivation, confidence, integrity and a healthy sense of optimism through strong leadership and core values," he told an audience of business leaders and policymakers. "That's the way to build trust in a company."
Schwenker acknowledged, however, that German companies could benefit could benefit from stronger domestic growth, noting that the 500 largest corporations in the world generated most of their revenue in their domestic markets.
In a separate speech, Germany's designated education and research minister, Annette Schavan, pledged that the incoming "grand coalition" of Germany's two largest parties would work to make the country's economy leaner and more competitive.
"We will not have a Minister for Innovation we will be a government of innovation," she said.
The national "Best of European Business Awards," which were sponsored by the business daily Financial Times and Roland Berger Strategy Consultants, lead up to a December ceremony honoring companies Europe-wide.
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