Newsletter of the WU Executive Academy – Vienna University of Economics and Business
NEWSLETTER EDITION 3: APRIL 2020

Dear reader!

The April edition of our newsletter is an edition in very special times, which not only presents you with very special challenges, but also affects our business school. Nevertheless, we are convinced that every crisis can be an opportunity: If you had asked us at the beginning of March whether we could imagine switching almost all our executive education programs to distance learning in three weeks, we would probably have dismissed this as a far-fetched idea. Now we have already made huge advancements digitally, even though there is still a lot of work ahead of us. However, this could only succeed because of everyone involved - our team, our lecturers, our partners, etc. - all pulled together. This progress is something we will hopefully continue to benefit from for a long time. Together.

We would therefore like to thank everyone very much for their great support and wish you, dear readers, all the best for the challenges that lie ahead, and above all: stay healthy!

Overnight, remote work is proliferating in many business sectors. Due to the COVID-19 outbreak, tens of thousands of employees in Austria and millions across the globe are now working from home. This is a huge challenge not only for employees but also for leaders. But how should executives best deal with this crisis? And how should they manage their teams? We asked an entrepreneur, a reporting specialist, a business developer in the field of medical technology, and a digitization specialist, who has used online collaboration as her standard mode of work for many years, for advice on effectively leading teams remotely.

The crisis also affects major international sports events: The UEFA EURO 2020 is off the table, at least for this year. This delay, however, does not diminish the apparent connections between soccer and business when it comes to the presence of diversity: do teams benefit from it or does it harm them? “It depends,” says Prof. Jonas Puck, Academic Director of the MBA Energy Management. His team looked at the factors – in both soccer and business – and created a guideline for creating teams with inspiration from one of the world’s favorite spectator sport.

Happy reading!

Your WU Executive Academy Team

Alumni Survey: Is an MBA Still Worth the Investment?

In today’s increasingly digitized world, more and more prospective MBA students question if the time and money required to complete an MBA will be well spent. Many of them already have lucrative paying jobs and successful careers. In its latest alumni survey, the WU Executive Academy thus asked its MBA and Master of Laws graduates if completing an MBA at WU has paid off. We then looked at their career and salary development and their use of alumni services.

Read more

 

Female Leaders Network Close-Up: How to Build a Career From Scratch

From zero to one hundred: Adela Mehic-Dzanic, Professional MBA Entrepreneurship & Innovation alumna, knows a thing or two about building a career from scratch. When she came to Austria 6 years ago, she knew no one and was just about to start her career. Today, she works at the executive level of the software company Mavoco and serves as Vice President of the Female Leaders Network of the WU Executive Academy. In the current issue of Forbes, you can read how she managed to achieve all this in such a short time.

Read more

 

HR Goes Digital: The Future of Recruiting

Over the past years, companies worldwide have made digitization their number one priority. Even human resources, and in particular recruiting, are keeping up with the digital revolution. But what exactly are the digital possibilities for HR teams? Are algorithms really the best choice in recruiting? With the launch of the new short program “Recruiting Campus”, the digitization expert Martin Giesswein and Claudia Hoffmann, an HR business partner at Boehringer Ingelheim, discuss the latest trends in recruiting. The helpful digital tools involved in the hiring processes will require human input they say.

Read more

 

The Complete List of Leadership Values for Managers - Part 2: N to Z

Today’s brave new world of labor is uncertain, volatile, and ambiguous. Simple solutions have long since ceased to exist; goals are quickly becoming obsolete; talent has become a rare resource. When everything is changing, how can you rely on anybody? Managers who focus on fundamental values can gain clarity and stability. The complete list of leadership values, the ABCs of core values so to say, provides an overview of what successful leadership means. Refer to part 2 (N to Z) of this concise guide to get a steadfast grip on your leadership compass.

Read more

 

Career Moves @ WU Executive Academy:

 

Who has changed jobs? Who was promoted?

This time:

 
Katrin Markowski, Marketing Manager, Eaton
Günter Handler, Managing Director of the AT Group, Nordmann
Florin Cosac,General Manager, Norm Fasteners Romania
 

Research-Led Teaching and the MBA: Working Together Towards a Sustainable Energy Supply of the Future

A current example from the MBA Energy Management perfectly illustrates the difference that research-led teaching can make not only on the participants themselves but also on societal advancements: The results of an EU-funded research project flow directly into the curriculum of the MBA. In return, the participants share their systemic understanding of the interrelationships of the global energy industry with the research project team - a win-win situation for all.

Read more

 

Diversity Wins - In Soccer as much as in Business

The COVID-19 crisis also affects major international sports events: The UEFA EURO 2020 is off the table, at least for this year. This delay, however, does not diminish the apparent connections between soccer and business when it comes to the presence of diversity: do teams benefit from it or does it harm them? “It depends,” says Prof. Jonas Puck, Academic Director of the MBA Energy Management. His team looked at the factors – in both soccer and business – and created a guideline for creating teams with inspiration from one of the world’s favorite spectator sport.

Read more

 

What it Takes to get to the Top of Baumit Russia: Hard Work, Consistency and the Right MBA

"The right education is the key to professional success. And then of course you have to work hard and be consistent," says Kirill Vavilov. The Professional MBA Marketing & Sales alumnus has the experience to back this up: After working for various European market leaders such as Henkel, Rockwool or Murexin, Kirill has finally made it to the top of Baumit Russia. In the April issue of our Career Stories, the General Director of the Russian division explains how much he still benefits from what he has learned during his MBA.

Read more

 

Leading From Home: Important Learnings for Effective Virtual Leadership

Overnight, remote work is proliferating in many business sectors. Due to the COVID-19 outbreak, tens of thousands of employees in Austria and millions across the globe are now working from home. This is a huge challenge not only for employees but also for leaders. But how should executives best deal with this crisis? And how should they manage their teams? We asked an entrepreneur, a reporting specialist, a business developer in the field of medical technology, and a digitalization specialist, who has used online collaboration as her standard mode of work for many years, for advice on effectively leading teams remotely.

Read more
Upcoming events:
Webinar: Alumni Talks Apr. 8
All events 

Please do not hesitate to contact us with your questions, suggestions or feedback.

Kind regards,

Prof. Dr. Barbara Stöttinger, Dean
Dr. Astrid Kleinhanns-Rollé, Managing Director

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