Newsletter of the WU Executive Academy – Vienna University of Economics and Business
NEWSLETTER NOVEMBER  2017

Dear readers!

Could the next CEOs be robots or is this just an unrealistic sci-fi plot? Jack Ma, the founder and executive chairman of the Chinese internet company Alibaba, predicts that robots will soon become managers and even take on CEO positions; he claims they are more objective and less sensitive than humans. Between scaremongering about the possible layoffs and creating overly optimistic predictions, there is often little room for a sober assessment of artificial intelligence (AI).

Click here to read how the use of artificial intelligence will change the lives of many executives.

What is it that makes an honest executive start cheating? Many top executives who have been convicted of corruption or fraud show strikingly similar personality traits. Yet as many know, it’s the dose that makes the poison. WU Vienna’s leadership expert, Günter Stahl, and Prof. Stephan Doering, Head of the Medical University of Vienna’s Department of Psychoanalysis and Psychotherapy, have taken a close look at the fine line between narcissistic and psychopathic traits in top management.

Happy Reading!
Your WU Executive Academy Team

Overview
Podium discussion on Nov. 15: Roger Martin on “Prosperity for everybody”
Career Story: Wolfgang Sulzgruber, Senior Head of New Business at Hutchison Drei Austria GmbH 
Leading like a (non-)robot
Narcissism and the dark side of leadership
FT Executive MBA Ranking 2017: Asia again in the lead
Get your dream career with the Career Accelerator Program
Career Café Bucharest: speed-dating your career
The Digital CEO: succeeding in digital transformation
An interview with TedX presenter Nadya Zhexembayeva: The less scary way of reinvention
How SMEs capitalize on their innovative potential – Insights from Prof. Nikolaus Franke

Podium discussion on Nov. 15: Roger Martin on “Prosperity for everybody”

One of the world's leading business thinkers, Prof. Roger Martin, will be one of the keynote speakers of this year's Global Peter Drucker Forum in Vienna. The WU Executive Academy has invited him to participate in a podium discussion the day before. In the run-up to this special event, "Living the American Dream - Prosperity for Everybody," (where there are only a few remaining places left), we asked Prof. Martin to answer 4 questions on income inequality and the difference between the American and European labor markets.

Watch the video interview

 

Wolfgang Sulzgruber, Senior Head of New Business at Hutchison Drei Austria GmbH

Wolfgang Sulzgruber always set high goals. Even though his initial career aim of becoming a pilot did not work out, he now climbs to unprecedented heights as Senior Head of New Business at Hutchison Drei Austria GmbH. Together with his innovation and new business team, he works to discover future business models and successfully develops them all the way from the initial idea to the market entry phase.

Read more

 

Leading like a (non-)robot

Could the next CEOs be robots or is this just an unrealistic sci-fi plot? Jack Ma, the founder and executive chairman of the Chinese internet company Alibaba, predicts that robots will soon become managers and even take on CEO positions; he claims they are more objective and less sensitive than humans. Between scaremongering about the possible layoffs and creating overly optimistic predictions, there is often little room for a sober assessment of artificial intelligence. Read how the use of AI will change the lives of many executives.

Read more

 

Narcissism and the dark side of leadership

What is it that makes an honest executive start cheating? Many top executives who have been convicted of corruption or fraud show strikingly similar personality traits. Yet as many know, it’s the dose that makes the poison. WU Vienna’s leadership expert, Günter Stahl, and Prof. Stephan Doering, Head of the Medical University of Vienna’s Department of Psychoanalysis and Psychotherapy, have taken a close look at the fine line between narcissistic and psychopathic traits in top management.

Read more

 

Asia again in the lead

In the most important MBA ranking of the year, the Financial Times Executive MBA ranking, business schools from Asia again impressively dominate the list: 6 of the top 10 programs are offered or co-offered by Asian business schools. What is more, in recent years MBA alumni in Asia have seen far bigger increases in their earnings than their counterparts elsewhere. The ranking's strong focus on compensation and the relatively low salary levels in Europe and the CEE region make it more and more difficult for business schools from this part of the world to compete successfully with their Asian rivals.

Read more

 

Get your dream career with the Career Accelerator Program

The reasons why students choose to start their MBA programs are as diverse as their career paths. Yet all participants commonly share the desire to advance their careers. The new Career Accelerator Program, which combines its current career services into something bigger, is based on 3 central principles of professional success: Knowing who to approach in your network, knowing why you are driving your career in this direction and knowing how to reach your goals. Executives who consistently focus on these 3 areas are proven to be more successful in their careers and will find them more rewarding than those who do not.

Read more

 

Career Café Bucharest: speed dating your career

Ten minutes' worth of career advice: The WU Executive Club regularly organizes tailor-made career events to help students and alumni reach their career goals. One of these events is the Career Café, where these individuals meet Executive Search Partners and HR managers of international companies. On November 1, 2017, around 50 participants and 19 career partners met at the Radisson Blu Hotel in Bucharest for a special kind of speed dating.

Read more

 

How to succeed in digital transformation

When we talk about digital transformation, we talk about a major adjustment for an organization: a transition from the era of optimization to the current period of customization and this all takes place just as it happens (so that it’s not too easy). In order to thrive in this rather difficult exercise, companies should follow some basic rules. Sabine Hoffmann, Founder and Managing Director of ambuzzador, explains just what these guidelines are in our Digital CEO series.

Read more

 

An interview with TedX presenter Nadya Zhexembayeva: The less scary way of reinvention

“How many Steve Jobs have you met in your life?” asked Nadya Zhexembayeva. She is a TedX speaker and an expert in reinvention. She recently held a keynote speech for Global Executive MBA students in Vienna. Nadya’s mission is to help companies transform: they need to start letting go and focusing on their essence; in other words, what is unique to them or that which only they can provide. Find out more in this exclusive interview.

Read more

 

How SMEs capitalize on their innovative potential – by Prof. Nikolaus Franke

Though there is not much common ground between Joseph Schumpeter and Karl Marx, both economists were convinced of one thing: In the long run, big businesses would be the ones to prevail. Decades later, one thing is clear: Their predictions were wrong. Smaller organizations can act more quickly and be more innovative. Prof. Nikolaus Franke, Academic Director of the Professional MBA Entrepreneurship & Innovation, explains what this means for small and medium-sized businesses (SMEs).

Read more

 
Upcoming events:
Living the American dream: prosperity for everybody Nov. 15
Global Peter Drucker Forum Nov. 16
Forbes Women Lecture: Diversity – in leadership, in talent management and other areas Nov. 17
Career Webinar: Job Hunting for Experienced Managers Nov. 22
Queering multilingualism and politics:
Regimes of mobility, citizenship and (in)visibility
Nov. 27
Online Info-Session: Global Executive MBA Nov. 29
Access MBA Fair in Belgrade Nov. 30
Access MBA Fair in Sofia Dec. 2
Access MBA Fair in Bucharest Dec. 4
Alumni Christmas Charity Dec. 6
Access MBA Fair in Prague Dec. 7
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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