Germany’s Mittelstand gets a youthful reboot—but is it just a quick fix?
A new trend is emerging in Germany's Mittelstand, the backbone of the economy. Young, entrepreneurial minds are eager to take over old, mid-sized family businesses, bringing fresh energy and ideas. However, critics argue that this trend is a 'Berlin fix' for an old problem, with outsiders lacking original ideas simply buying CEO titles.
This shift is driven by the succession crisis faced by the Mittelstand. Many family businesses struggle to find suitable successors within their families, leading to a gap that young entrepreneurs are now eager to fill. Initiatives like UnternehmerTUM's ETA support these ambitious leaders in acquiring and leading existing businesses. One example is Hendrik Sasse, who is taking over responsibility in the family business Elektro Sasse in Bremerhaven.
Some view this trend positively, seeing it as a win-win situation. These young leaders bring fresh energy and new ideas to outdated firms, potentially driving innovation and growth. However, critics argue that this trend does not address the root cause of the problem. They suggest that it is a 'Berlin fix', with outsiders lacking original ideas simply buying CEO titles without truly understanding or addressing the underlying issues.
The trend of young entrepreneurs taking over old, mid-sized family businesses in Germany is gaining momentum. While some see it as a win-win, critics argue that it is a 'Berlin fix' that does not address the root cause of the succession crisis. Regardless, initiatives like ETA are supporting these young talents in their endeavors, potentially shaping the future of Germany's Mittelstand.
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