Commerzbank holding the legacy

Abstract: Commerzbank, Germany’s second largest & listed universal bank, is in spotlight of investors, outperforming its benchmark YTD, and evidencing high trading volumes in 2022. The bank benefits from increasing interest rates on a short-to-medium run, but an overbanked market and high FinTech competition slows the growth of commission income down. Based on various other assumptions and knowledge, Commerzbank will be valuated with the flow to equity approach, multiples valuation as well as scenario and sensitivity analysis providing price ranges and will offer recommendation based on all the facts available

Organizational Change Perspectives on Software Process Improvement

Many software organizations have engaged in Software Process Improvement (SPI) and experienced the challenges related to managing such complex organizational change efforts. As a result, there is an increasing body of research investigating change management in SPI. To provide an overview of what we know and don’t know about SPI as organizational change, this paper addresses the following question: What are the dominant perspectives on SPI as organizational change in the literature and how is this knowledge presented and published? All journals on the AIS ranking list were screened to identify relevant articles and Gareth Morgan’s organizational metaphors (1996) were used to analyze this literature considering the following dimensions of each article: organizational perspective (metaphor), knowledge orientation (normative versus descriptive), theoretical emphasis (high versus low), main audience (practitioner versus academic), geographical origin (Scandinavia, the Americas, Europe, or the Asia-Pacific), and publication level (high versus low ranked journal). The review demonstrates that the literature on SPI as organizational change is firmly grounded in both theory and practice, and Scandinavia and the Americas are the main contributors to this research. The distribution of articles across Morgan’s metaphors is uneven and reveals knowledge gaps that present new avenues for research. The current literature offers important insights into organizational change in SPI from machine, organism, and brain perspectives. Practitioners may use these articles as a guide to SPI insights relevant to their improvement initiatives. In contrast, the impact of culture, dominance, psychic prison, flux and transformation, and politics in SPI have only received scant attention. We argue that these perspectives offer important insights into the challenges involved in managing change in SPI. Researchers are therefore advised to engage in new SPI research based on one or more of these perspectives. Overall, the paper provides a roadmap to help identify insights and specific articles related to SPI as organizational change.Software Process Improvement; Organizational Change; Organizational Metaphors; Images of Organization; Literature Review

The Emergence of the Organizational Academic Profession: Vertical differentiation of German universities and the research-teaching nexus

Within the vertically differentiated German university system, the Humboldtian ideal of the unity of research and teaching can no longer be taken for granted. We argue that the organizational academic profession actively pursues the erosion of the unity of research and teaching in their social partnership with the state, trading autonomy for proof of efficient public research and/or teaching services. The results of the 2018 Academic Profession in Knowledge Societies study show that the evolution of research policy at large universities and Excellence Universities in Germany has led to a focus on journal publication outputs and increasing third-party funding. Academics at Excellence and large universities have a strong preference for research over teaching. In spite of a lower teaching workload, academics at Excellence Universities teach more in bachelor courses compared to academics at large universities. Especially small universities are at risk of becoming teaching-oriented universities.This research was funded by the German Federal Ministry of Education and Research (Bundesministerium für Bildung und Forschung; grant number M522200)

Grayanotoxin I Intoxication in Pet Pigs

Contaminated honey is a common cause of grayanotoxin intoxication in humans. Intoxication of animals, especially cattle, is usually due to ingestion of plants of the Ericaceae family, such as Rhododendron. Here, we report the ingestion of Pieris japonica as the cause of grayanotoxin I intoxication in 2 miniature pigs that were kept as pets. The pigs showed sudden onset of pale oral mucosa, tachycardia, tachypnea, hypersalivation, tremor, and ataxia that progressed to lateral recumbency. The pathological examination of one pig revealed no specific indications for intoxication except for the finding of plant material of Pieris japonica in the intestine. Grayanotoxin I was identified in the ingested plant, gastric content, blood, liver, bile, kidney, urine, lung, and skeletal muscle via HPLC-MS/MS. Grayanotoxin I should be considered as a differential etiological diagnosis in pigs with unspecific signs and discovery of ingested plant material as the only indication in the pathologic examination

Catch Crops in Organic Farming Systems without Livestock Husbandry - Simulations with the DAISY model

This paper presents simulations of the soil-plant-atmosphere model DAISY based on an organic crop rotation with incorporation of different catch crops following pea as a leguminous cash crop. Special emphasise was put on the simulation of N-mineralisation/-immobilisation and of soil microbial biomass N. The DAISY model was able to simulate soil mineral N and soil microbial biomass N after soil incorporation of catch crop plant residues to some extend. Several processes need further attention and may be integrated into the DAISY model: (1) soil tillage induced mobilisation of organic material including considerable amounts of organic N, (2) winter killing of sensitive plant species and varieties, (3) decomposition of plant residues at the soil surface as occurring after winter killing, (4) decomposition of easily decomposable plant residues at low temperatures, (5) soil microbial residues as an organic pool temporarily protected against turnover. Furthermore, reliable criteria for the subdivision of green plant residues into an easily decomposable pool and a more recalcitrant pool have to be developed