1. From what you have learned about mittelstand firms, who are the principal stakeholders, and what are their expectations? 2. How might the nature of mittelstand firms influence their strategy-making...

1. Small to medium size German-based companies are called Mittelstand firms; two-thirds of the country’s economy depends on these Mittelstand firms (Sanders et al., 2020). Banks, government, and employees are the major stakeholders of Mittelstand firms. Employees expect higher remuneration from the firms. While the government expects that the firms should generate higher revenue as it will boost the country’s economy further. Banks expect the firms should take loans from banks and take initiatives in the firm for better performance. 
2. As Mittelstand firms always have a limited number of employees; therefore, internal communication among...