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

Dear reader!

How can managers best ensure that they have what it takes to deal with unexpected situations, take complex decisions quickly and be flexible in their responses as executives and team players? By sharpening their skills in the real world—aboard a sailing boat and under the guidance of top athletes. This is precisely what happens off the coast of Majorca during the first module of the Executive MBA: On sailing boats, participants are to prove their leadership and team skills in a variety of situations.

In this edition of our newsletter, Prof. Wolfgang Mayrhofer, Academic Director of the Executive MBA, explains how this works in practice and what benefits participants can derive from this unique experience.

The fact, that digitalization and regulation vastly change the work of executive and supervisory boards is no secret anymore. However, the scale of these changes is bewildering even for experts. It is against this backdrop that the Academic Director of the Governance Excellence program, Prof. Werner H. Hoffmann, and Prof. Alfred Taudes, Head of the Research Institute for Cryptoeconomics at WU, discuss in an exclusive interview, how digitalization changes the roles and functions of supervisory directors and what skills will be indispensable for them in the future.

Happy reading – we will be back with the next edition of our newsletter at the beginning of September. Have a great summer!

Your WU Executive Academy Team

Overview
Sailing with the world champion - Leadership in exceptional circumstances
Career Story: Roman Samoylov, Sales Manager Europe at Porocel and MBA Energy Management Alumnus  
Corporate Governance goes digital: what skills a digital world demands from supervisory directors
Public Procurement Excellence: European Commission supports innovative program for central public procurement
What a "hard" Brexit would mean for Austrian businesses
10/15 Years Alumni Reunion: Looking back on the progress
The biggest investor mistakes: Overconfidence comes before the fall - by Prof. Manfred Frühwirth
Artificial intelligence and business - from fear to value
"The human dimension" - 10 Years Global Peter Drucker Forum in Vienna

Upcoming webinars:

 
Do's and Don'ts of Pipeline Management

To the webinar
June 26 at 7:00 pm (CET)

Sailing with the world champion - Leadership in exceptional circumstances

How can managers best ensure that they have what it takes to deal with unexpected situations, take complex decisions quickly and be flexible in their responses as executives and team players? By sharpening their skills in the real world—aboard a sailing boat and under the guidance of top athletes. This is precisely what happens off the coast of Majorca during the first module of the Executive MBA: On sailing boats, participants are to prove their leadership and team skills in a variety of situations. In this article, Prof. Wolfgang Mayrhofer, Academic Director of the Executive MBA, explains how this works in practice and what benefits participants can derive from the experience.

Read more

 

Roman Samoylov, Sales Manager Europe at Porocel and MBA Energy Management Alumnus

Roman Samoylov, Sales Manager Europe at Porocel, knows only too well what a multinational environment has to offer: Having grown up in Central Asia, he spent his youth in Russia and moved to Europe as an adult, he particularly appreciates the intercultural and interdisciplinary experience of the MBA Energy Management. How Roman, who actually wanted to become a diplomat, got into the energy industry and how he managed to make a big career leap from the technical into the commercial sector, he tells in this month’s career story.

Read more

 

Corporate Governance goes digital: what skills a digital world demands from supervisory directors

The fact, that digitalisation and regulation vastly change the work of executive and supervisory boards is no secret anymore. However, the scale of these changes is bewildering even for experts. It is against this backdrop that the Academic Director of the Governance Excellence program, Prof. Werner H. Hoffmann, and Prof. Alfred Taudes, Head of the Research Institute for Cryptoeconomics at WU, discuss in an exclusive interview how digitalization change the roles and functions of supervisory directors and what skills will be indispensable for them in the future.

Read more

 

Public Procurement Excellence: European Commission supports innovative program for central public procurement

As of September 2018, the WU Executive Academy and Austria's Federal Procurement Agency (FPA) will jointly offer an innovative program for public-procurement professionals from EU member states and COSME countries. The European Commission fully funds the program, which is to be delivered in English, with a view to saving up to 20 billion Euro annually thanks to improved efficiency and more professional procurement practices.

Read more

 

What a “hard” Brexit would mean for Austrian businesses

A “hard” Brexit would not only result in a massive increase in costs and work as far as customs are concerned: According to WU’s professor Georg Kodek, Academic Director of the WU Executive Academy's Master of Legal Studies (European Business Law), it would also entail severe disadvantages for Austrian businesses when it comes to lawsuits and bankruptcies. Hence, he urges domestic companies to take a particularly careful look at the consequences they may suffer with regard to the following 3 areas: in-court litigation, insolvency proceedings and data protection.

Read more

 

10/15 Years Alumni Reunion: Looking back on the progress

From seminar rooms to a state-of-the-art university campus: Much has happened at the WU Executive Academy in the past 10/15 years. During the first 10/15 Years Reunion on June 6, 2018, former MBA students of 2003 and 2008 looked back on eventful times together with the team of the WU Executive Club.

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Overconfidence comes before the fall - by Prof. Manfred Frühwirth

In the second part of our new GEWINN/WU Executive Academy series "The biggest investor mistakes", Prof. Manfred Frühwirth, Academic Director of the Professional MBA Finance, explores the widespread phenomenon of overconfidence among speculators and shows strategies to protect oneself from it.

Read more

 

Artificial intelligence and business - from fear to value

Following a guest lecture for the students of the Global Executive MBA, the former top manager, investor, entrepreneur and bestselling author Dr. Anastassia Lauterbach, gave an exclusive interview on the implications of artificial intelligence (AI) on business and society. In the interview, the AI expert talks about how companies can prepare for the AI revolution, how AI will affect the future of work and employment, and about the 5 most widespread AI myths.

Read more

 

„The human dimension“ - 10 Years Global Peter Drucker Forum in Vienna

This year, the Global Peter Drucker Forum (GPDF) will take place for the 10th consecutive time in Vienna under the title "Management. the human dimension". On the occasion of this special anniversary, we spoke with Richard Straub, initiator of the GPDF and president of the Peter Drucker Society Europe, about the special success story of the world's leading management conference, the unresolved questions of our time and his very personal motives.

Read more

 
Upcoming events:
Online Info-Session: Executive MBA (in German) Jun. 25
MBA & Master of Laws Q&A Session Jun. 26 
Joint Alumni Reunion with WKO in St. Petersburg Sep. 03
Info-Session: Certificate program Logistics & SCM Sep. 05
Info-Session: BBA & certificate programs Sep. 11
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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