Newsletter of the WU Executive Academy – Vienna University of Economics and Business
NEWSLETTER DECEMBER 2019

Dear reader!

Even though the global startup scene has been booming for many years, women are still hard to find in financing rounds or networking events in the internet startup scene. If there are any women, they are mostly employees and not founders. Around the globe, founding a company seems to be a man’s job. But why is that the case? Are women simply not interested in entrepreneurship? Prof. Nikolaus Franke, Academic Director of the Professional MBA Entrepreneurship & Innovation, has examined successful examples from the MBA alumni network of the WU Executive Academy that prove many stereotypes wrong.

Apart from strong strategic and leadership skills, those who want to make it to the top of the career ladder will need one thing: a comprehensive understanding of finance. Executive search experts all agree on that. Yet, financial literacy is essential not only for CEOs and CFOs but also for COOs, Heads of HR and Directors of Marketing & Sales, as Prof. Otto Randl, Academic Director of the Professional MBA Finance, explains in this article.

Happy reading and happy holidays!
Your WU Executive Academy Team

PS: By the way, we are very pleased that our Global Executive MBA has once again made it into the top 50 EMBAs worldwide in the recently published Financial Times EMBA Ranking. If you would like to learn what the different categories of the ranking mean for MBA students, please click here.

Must-Have for Companies: Data Governance & Data Science

“Data is the raw material of the 21st century,” German Federal Chancellor Angela Merkel pointed out in 2016. She was certainly right. Yet the crux of the matter is that high quality data must be available (data governance) for companies to optimally use this raw material. Only then can experts analyze and interpret the data in order to make strategically relevant decisions (data science). Prof. Axel Polleres, Academic Director of the Professional MBA Digital Transformation & Data Science, explains why companies will not be able to do without this know-how in the future and how these two very similar phenomena differ in practice.

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Periodic Table of Leadership: 5th State of Aggregation "Suprafluid" - the Social Roles

To understand what effective leadership is really all about, it can help to look at the periodic table of leadership. Skills, methodological competences, and strengths can be assigned to 4 clearly defined categories modeled on the 4 aggregate states: solid, liquid, gas, and plasma. What is little known, however, is that leadership also comes in a 5th state of aggregation: “suprafluid” – a state referring to the social roles within a team. Suprafluidity is a particularly important state as it directly impacts all other states of aggregation and determines whether individual (leadership) competencies can have an impact or not. Helga Pattart-Drexler, Head of Executive Education at the WU Executive Academy, talks about the quality of “suprafluidity” in leadership and how social roles shape real-life management decisions.

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It's the Right Mindset that Matters: Becoming Effectively Agile in Just 4 Weeks

Agile Leadership - Everybody talks about being agile, and many think they are - but what exactly is agility about again? To ensure that agile leadership is not just another buzzword and that executives and organizations take completely new approaches, the WU Executive Academy has developed a new four-week online program. The innovative training format makes it possible for participants to learn everything they need to know about how agile organizations work, how they can develop their organizations in an agile manner by adopting the right mindset and how to effectively harness the power of agility in practice.

Read more

 

Career Moves @ WU Executive Academy:

 

Who has changed jobs? Who was promoted?

This time:

 
Cezary Baran, Investment Director, Harvent Capital
Thomas Perterer, Vice President Operations, Lhoist
Lukas Skocek, Vice President Data & Insights, Magenta Telekom
Adela Mehic-Dzanic, Head of CSP Segment, MAVOCO AG
 

Financial Times EMBA Ranking: Global Executive MBA Once Again Among the Top 50 Worldwide

Ranked 48th among the 100 MBA programs that qualified for the ranking, the WU Executive Academy’s Global Executive MBA has once again been ranked among the top 50 MBAs worldwide in the current Financial Times Executive MBA Ranking. Within the EU, the Global Executive MBA is #12 and in the German-speaking world (DACH region), it took 4th place. The program also received a top evaluation in two categories that are particularly important to (future) students: #9 worldwide for “work experience” and #13 worldwide for “international course experience.”

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What the Financial Times EMBA Ranking Tells MBA Students

The Financial Times Executive MBA Ranking is without a doubt one of the most prestigious MBA rankings in the world. Every year, leading business schools worldwide eagerly await the ranking’s publication in November. To them, it is all about making the list – the higher up, the better. Yet, what kind of conclusions can MBA students derive from the most important global MBA ranking? How can they interpret the various categories? Prof. Barbara Stöttinger, Dean of the WU Executive Academy, provides a short analysis of the FT EMBA Ranking.

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Do Women Found Differently?

Even though the global startup scene has been booming for many years, women are still an oddity in financing rounds or networking events of the internet startup scene. If there are any women, they are mostly employees and not founders. Around the globe, founding a company seems to be a man’s job. But why is that the case? Are women simply not interested in entrepreneurship? Prof. Nikolaus Franke, Academic Director of the Professional MBA Entrepreneurship & Innovation, has examined successful examples from the MBA alumni network of the WU Executive Academy that prove many stereotypes wrong.

Read more

 

Finance for the C-Suite: Knowledge as the Key to Top-Management

Apart from strong strategic and leadership skills, those who want to make it to the top of the career ladder will need one thing: a comprehensive understanding of finance. Executive search experts agree on that. Yet financial literacy is essential not only for CEOs and CFOs but also for COOs, Heads of HR and Directors of Marketing & Sales, as Prof. Otto Randl, Academic Director of the Professional MBA Finance, explains in the following article.

Read more

 
Upcoming events:
WU EA Christmas Punsch Dec. 19
MBA Dancing Class Jan. 10
WU Ball Jan. 11
Company Visit RHI Magnesita Jan. 15
MBA & Master of Laws Info-Session Vienna Jan. 15
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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Vienna University of Economics and Business
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