Austria‘s recipe in a nutshell
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Transcript of Austria‘s recipe in a nutshell
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… the „Austrian Standard“ What makes Austria successful?
09th July, 2016
Almaty, Kazakhstan
Michael Mueller, Austrian Trade Commissioner
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Austria‘s success in numbers
Indicator Comparison
GDP per capita $48,000 Rank 7 out of 34 (OECD)
Unemployment rate 5.7 % 7.3 % OECD average
GINI coefficient 0.276 Rank 10 out of 34 (OECD)
Corruption Index 76 out of 100
Rank 16 out of 168
Ease of doing business
Rank 21 out of 189
FDI outward stock $208 bln
FDI inflow per capita
$1634 Rank 4 in EU
WEF Global Competitiveness
Rank 23 out of 140
Human Capital Report 15-24 yrs
Rank 6 out of 124
Exports per capita share
€14,482 Rank 7 worldwide
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What does Geert Hofstede say?
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the „Austrian Standard“ - Austria‘s recipe in a nutshell
• Taking responsibility - performance
• Taking criticism
• Self-realization
• A balanced longterm view
• Creativity
• The 1%
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the „Austrian Standard“ – Working culture 2
• High emphasis on „sequential“, rather than „synchronous“ work
• Punctuality, always!
• Trying to control the environment vs. being controlled by the environment
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the „Austrian Standard“ – Working culture 3
• Mostly „specific“ than „diffuse“ culture
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the „Austrian Standard“ – Volunteering, self-organizing
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Austrian sayings about the „Austrian Standard“
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“At times where 99 % think his success over, he rises like a phoenix out of the ashes and succeeds“ - Trainer Toni Giger speaking about Austria‘s skiier Hermann Maier
the „Austrian Standard“ – Pushing the limits
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“About 2/3 of our R&D investment flows in to the research of non-steel innovations“ - Wolfgang Eder, CEO of one of the biggest employers in Austria
the „Austrian Standard“ – One step ahead.
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Hidden Champions – Mastering niches around the globe
• Serving niche markets
• Focus on special products and services
• High value added
• … but often not visible
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the „Austrian Standard“ – Working successfully ≠ working long
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Thank you for your attention!
Austrian Embassy - Commercial Section - Office Almaty 41 Kazybek Bi Street, Block B
050010 Almaty Kazakhstan
T +7 727 225 1484 F +7 727 225 1486
[email protected] www.advantageaustria.org/kz
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