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Newsletter of the WU Executive Academy – Vienna University of Economics and Business
NEWSLETTER OCTOBER 2018

Dear reader!

For quite some time experts have been arguing about the most effective approach to agile project management. What is frequently overlooked in the discussion, however, is that putting together the right team is absolutely crucial for this type of project management. Even a casino can be robbed, provided the right people are entrusted with the operation - a fact already known to George Clooney, also known as Danny Ocean, in Ocean’s Eleven.

There are 7 different types of team members that can be identified based on Steven Soderbergh's film classic. Read about who you need you have on your team here.

Unicorns, zebras, gorillas and more: A day at the zoo is a memorable experience for children and adults alike. Yet animals not only play a role at the Schönbrunn Zoo in Vienna, but also in the economy. Dr. Astrid Kleinhanns-Rollé, Managing Director of the WU Executive Academy, took a virtual walk through the the fabulous world of business animals.

Happy reading!
Your WU Executive Academy Team

Overview
Agile's seven - what else?
Career Story: Kerstin Knapp, Chief Human Resources Officer at Puma Energy and Global Executive MBA alumna  
The fabulous world of business animals
Cyberwar: The underestimated danger of the digital age
Hong Kong and Argentina: new destinations for the Global Executive MBA
New series: Career Moves @ WU EA - Who has changed jobs? Who was promoted?
The biggest investor mistakes: Those who constantly check their investments focus far too much on losses - by Prof. Manfred Frühwirth
It's the politics, stupid! Politics as a risk factor for companies
MBA graduates set up the WU EA Female Leaders Network
A.I. and Big Data: Companies urgently need internal data experts
Energy Snapshot: Geopolitics 4.0 - Jim Krane on fracking, Europe & Russia and the post-fossil energy era

Upcoming webinar:

 
Using Video in the Sales Process

To the webinar
October 23 at 7:00 pm (CET)

Agile’s seven – what else?

For quite some time experts have been arguing about the most effective approach to agile project management. What is frequently overlooked in the discussion, however, is that putting together the right team is absolutely crucial for this type of project management. Even a casino can be robbed, provided the right people are entrusted with the operation - a fact already known to George Clooney, also known as Danny Ocean, in Ocean’s Eleven.There are 7 different types of team members that can be identified based on Steven Soderbergh's film classic. Read about who you need you have on your team.

Read more

 

Kerstin Knapp, Chief Human Resources Officer at Puma Energy and Global Executive MBA alumna

Kerstin Knapp, Chief Human Resources Officer at Puma Energy, always wanted to be a primary school teacher. "But after a short time I noticed that this is probably not the right thing for me," says the Global Executive alumna modestly, who during her time at OMV was co-responsible for the post-merger integration of OMV Refining & Marketing GMBH with Petrom in Romania. In this issue of our Career Stories, you can read what other top positions she is striving for in the future and why she is also involved as a consultant for the International Olympic Committee.

Read more

 

The fabulous world of business animals

Unicorns, zebras, gorillas and more: A day at the zoo is a memorable experience for children and adults alike. Yet animals not only play a role at the Schönbrunn Zoo in Vienna, but also in the economy. Dr. Astrid Kleinhanns-Rollé, Managing Director of the WU Executive Academy, took a virtual walk through the the fabulous world of business animals.

Read more

 

Cyberwar: The underestimated danger of the digital age

Cybercriminals systematically wreak havoc on companies and cause millions of dollars in damage. Yet many firms massively underestimate the risk of attacks. “The reasons for this are manifold,” say two who need to know: Cyber experts Jochen Borenich, COO of Kapsch BusinessCom, and Thomas Stubbings, Managing Director of TS Management Consulting.

Read more

 

Hong Kong and Argentina: new destinations for the Global Executive MBA

Asian finance hub vs. emerging Latin American economy: Global Executive MBA students have it good - in the future, the program's international Asia and South America residencies will take them not only to Hyderabad (India) and Rio de Janeiro (Brazil) but also to Buenos Aires in Argentina and the Hong Kong region. The City University of Hong Kong is a new a partner of the Global Executive MBA in China in addition to Lingnan (University) College in Guangzhou.

Read more

 

New series: Career Moves @ WU EA - Who has changed jobs? Who was promoted?

Today, we start our new newsletter series "Career Moves @ WU EA" where we will regularly report on how former students, faculty members and partners of the WU Executive Academy have changed professionally. You just changed jobs yourself? Wonderful, then let us know and send us your personal "Career Move". You can read about how this works and who has just changed professionally

here

 

Those who constantly check their investments focus far too much on losses - by Prof. Manfred Frühwirth

In the 4th part of our series "The biggest investor mistakes" with GEWINN, Prof. Manfred Frühwirth, Academic Director of the Professional MBA Finance, explains why long-term investors should not check their equity portfolio too often and what influence the presentation of the portfolio has on one’s risk tolerance.

Read more

 

It's the politics, stupid! Politics as a risk factor for companies

Prof. Phillip Nell, Academic Director of the Executive MBA Bucharest and Professor at the Institute for International Business, investigated together with his research colleagues, Patricia Klopf and Johannes Leitner, the effects of political decisions on companies and the role of political risk management in times of Trump, Brexit and other current political developments worldwide.

Read more

 

MBA graduates set up the WU EA Female Leaders Network

"Because we are stronger together" - 5 graduates of the Global Executive MBA have created the "WU EA Female Leaders Network" to effectively connect female executives and to exchange and support each other on career issues. For the kick-off event, the initiators received energetic support from two professors who are very interested in this topic: Barbara Stöttinger, Dean of the WU Executive Academy, and Carmen Abril, Marketing Expert at the IE Business School in Madrid.

Read more

 

A.I. and Big Data: Companies urgently need internal data experts

On September 25, 2018, the WU Executive Academy hosted a panel discussion entitled "How to successfully implement AI and data driven business". Renowned experts discussed cases where big data projects are a success. They all agreed that there is an enormous need for qualified data scientists in Austria. For the highlights of the evening please click

here

 

Energy Snapshot: Geopolitics 4.0 - Prof. Jim Krane on fracking, Europe & Russia and the post-fossil energy era

In part 2 of our Energy Snapshot series, we meet one of the world's leading scholars of Middle East politics and economics, Prof. Jim Krane, who is also a fellow of the Baker Institute, Rice University. In an exclusive interview, he talks about the relationship of the USA with the OPEC states, Europe's energy dependence on Russia and possible scenarios after the age of fossil energy.

Read more

 
Upcoming events:
Access MBA Zurich Oct. 15
Access MBA Vienna Oct. 17
Online Info-Session: Global Executive MBA Oct. 17
GEWINN Messe 2018 Oct. 18
e-fellows MBA Day Vienna Oct. 20
MBA & Master of Laws Info-Session Vienna Oct. 24
WU matters. WU talks.
Degrees for Rent: Should Business Degrees have an Expiry Date?
Oct. 30
Career Breakfast Bucharest Nov. 2
International Alumni Reunion Bucharest Nov. 2
Company Visit Boehringer Ingelheim Nov. 8
Global Peter Drucker Forum Nov. 29
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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