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[Challenge:Future] Nexusofminds: The Future of Work
Team Name : NexusofmindsEE Country : PolandTeam Leader : Gautam GillTeam Members : Alexander FogtCountries of Origin : India, GermanySchool : Kozminski InternationalBusiness School, Warsaw
Macroeconomic situation of Poland“Polish economy booms in European Wasteland” GlobalPost, 201222nd in the world in GDP. World Bank,2011Only Economy in 2009 with +ve GDP growth.Stable currency ; cheaper production.4.2 Zl/Eur in 2003 to 4.2 Zl/Eur in 2013.Continuously growing economy; 2.2% GDP Growth for2013.Massive service sector : 63% of the economy.
Stable trade deficit maintained, between 3.5% & 4.5%.www.tradingeconomics.comSectors which have boomed in Poland are :-1. Financial & Banking Sector2. Efficient Urban Electricity Supply3. Construction4. Infrastructure and public transportation-A cheap market for production inputs and labour.- Stuck in a position of a being a feeder market.-Production is higher quality than the east, lacks original cuttingedge production and technology.- major reasons for economic success: -Privatizations -Labor market characteristics -Currency not begged to the Euro
Strengths & WeaknessesStrengths• Technical know-how with a cheap labour force.• Strong public infrastructural development.• Courage to Innovate. Example : Solarius BusesWeaknesses• Stuck in the frame of a feeder economy.• Not self sustainable, dependant on the west.• Inefficient and naïve management. Example LOT
Interview1. What are the weaknesses and opportunities of Eastern Europe?• Weak Legal & Tax Systems.• Effect of Communism – Lack of Trust2. Which should be the focus industries and what kind of companies should emerge?• New technologies due to educated and not expensive work force.3. What will be the most wanted profession in 2022?• All kinds of specialists, people with technical education. Lawyers will always be needed - economic growth and capital investment creates need for legal services.• Economic growth & capital investment – Ideal for a construction co.• The ever growing service sector4. How EE could escape the bind between the West and the Far East?• Stable economy and political situation, improve legal and tax systems to encourage investments Invest in education.Interview with Jacek Bocheneck – General Manager, Diners Club, Poland
Vision 2022Assumptions :1. Large Scale Urbanization.2. Economic expansion in key sectors.3. Large educated & trained youth workforce.4. Stable and inexpensive input and labour costs5. Increasing need for infrastructural development.6. State encouragement for domestic start up companies.
Construction Sector• Boom in residential segment coupled with a boom in the road construction segment excessively subsidized by the EU.• Large amount of foreign investors such MetLife & Jones Lang LaSalle.• Low price of workers along with a growing demand for construction in Poland.• Increasing need for Freeways. Example between Poznan & Wroclaw.
Definition of our Company• Company’s top management is an integrated mix of Polish and other nationalities to bring a varied amount of professionalism and strategy for the business.• Company combines technical know-how along with an international flair.• Construction of high quality buildings and infrastructure.• Customized service.
Goals of the Company• Strictly adhere to project deadlines.• Meet customers expectations by delivering high quality products.• Employ skilled labour.• Expand to key western european markets.• Get Listed on the Stock Exchange in order to facilitate growth and expansion.• Maintain a diversified construction portfolio.
Success• Economies of scale by expanding to key markets in Western Europe• High quality products along with motivated workers as well as guaranteed customized service• Become major player in the home market and survive excessive competition abroad• High market share, positive Future Cash Flow while having stable costs