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

Dear reader!

Hands-on mentality is more important than ever: It is no coincidence that the term management has its roots in Latin: manus meaning "hand" and agere meaning "leading by the hand". Because in day-to-day business, decisiveness, courage and flexibility often count more than great visions and 120% waterproof solutions. Based on her many years of experience with international executives, Dr. Astrid Kleinhanns-Rollé, Managing Director of the WU Executive Academy, has developed a checklist for long-term success in management. You can find her 8 practical tips here.

A "unicorn" is a start-up with a market value of over one billion dollars, such as Airbnb, Pinterest or Uber. Just as the mythical creature aroused longings in the Middle Ages thanks to its supposedly mystical powers, investors, founders and politicians are still wondering how such miracle foundations can be identified at an early stage or even brought about proactively. Prof. Nikolaus Franke, Academic Director of the Professional MBA Entrepreneurship & Innovation, examines whether there is a magic formula for unicorns and how more of these extraordinary startups can be produced.

Happy reading!
Your WU Executive Academy Team

Overview
Management checklist: 8 tips for personal success
Career Story: Catalin Putineanu, Managing Partner at IB Cargo and Executive MBA Bucharest Alumnus  
E&I Insights: In search of the unicorn
Future Check: How to make your company fit for the future
Blockchain, AI and Cyber Security: Management needs new tools
The biggest investor mistakes: We sell at a profit too early, limit losses too late - by Prof. Manfred Frühwirth
Why "positive leaders" are the better leaders
The small cabinet of absurdities on the way to the energy transition
New Special Workshop: The art of successful failure
Apply now for a Global Executive MBA Scholarship
Energy Snapshot: Cleantech Innovation Hubs as a solution for the energy challenges of the future

Summer webinar:

 
Don't forget about referrals!

Re-watch the webinar

Management checklist: 8 tips for personal success

Hands-on mentality is more important than ever: It is no coincidence that the term "management" has its roots in Latin: manus meaning "hand" and agere meaning "leading by the hand”. Because in day-to-day business, decisiveness, courage and flexibility often count more than great visions and 120% waterproof solutions. Based on her many years of experience with international executives, Dr. Astrid Kleinhanns-Rollé, Managing Director of the WU Executive Academy, has developed a checklist for long-term success in management.

Read more

 

Catalin Putineanu, Managing Partner at IB Cargo and Executive MBA Bucharest Alumnus

In the September issue of our Career Story series, Catalin Putineanu, Managing Partner and co-founder of IB Cargo, tells how he built up an international company with a team of 80 employees and a turnover of 25 million euros in just 10 years. Why Catalin counts modesty, innovation and fairness among the most important qualities of a manager and find out what amount the Executive MBA Bucharest contributed to his entrepreneurial success, you can read

here

 

In the search of the unicorn

A "unicorn" is a start-up with a market value of over one billion dollars, such as Airbnb, Pinterest or Uber. Just as the mythical creature aroused longings in the Middle Ages thanks to its supposedly mystical powers, investors, founders and politicians are still wondering how such miracle foundations can be identified at an early stage or even brought about proactively. Prof. Nikolaus Franke, Academic Director of the Professional MBA Entrepreneurship & Innovation examines whether there is a magic formula for unicorns and how more of these extraordinary startups can be produced.

Read more

 

Future Check: How to make your company fit for the future

Disruption, digitization, transformation: With the newly developed Future Check, the WU Executive Academy now offers companies an innovative consulting format that takes a holistic look at the structure, culture and strategy of a company in order to make it fit for the challenges of the future. The Future Check makes it possible to identify organizational imbalances immediately and to derive tailor-made recommendations for immediate implementation.

Read more

 

Blockchain, AI and Cyber Security: Management needs new tools

Modern technologies such as Blockchain, Artificial Intelligence (AI) and Cyber Security are becoming a part of everyday business life. Yet, is management sufficiently prepared for this? Prof. Barbara Stöttinger, Dean of the WU Executive Academy, looked at the extent to which management is actually catching up and why it is precisely these three technologies that will determine the business of tomorrow.

Read more

 

We sell at a profit too early, limit losses too late - by Prof. Manfred Frühwirth

In the 3rd part of our GEWINN/WU Executive Academy series "The biggest investor mistakes", Prof. Manfred Frühwirth, Academic Director of Professional MBA Finance, explains why losses hurt investors significantly more than profits of the same amount they enjoy. You can read what (negative) effects the phenomenon referred to in psychology as "loss aversion" can have on your personal investment strategy and how you can best protect yourself from it

here

 

Why "positive leaders" are the better leaders

Inspiration instead of motivation: Jan Mühlfeit, global strategist, coach, bestselling author and former Chairman of Microsoft Europe, recently visited the MBA Alumni Lounge at the WU Executive Academy. In his keynote speech, he cast an inspiring light on the leadership of the future and explained why "positive leaders" are the better leaders.

Read more

 

The small cabinet of absurdities on the way to the energy transition

The European Union wants to push ahead with the energy transition by 2030. This project could turn out to be even more difficult than originally estimated: On the basis of four particularly paradoxical phenomena of the global energy market, Prof. Jonas Puck, Academic Director of the MBA Energy Management, explains how complex the topic of the energy transition really is and what role human psychology plays in this context.

Read more

 

New Special Workshop: The art of successful failure

Up until now in the European business context, mistakes and defeats have been taboo in company settings. Generations of managers have spent a lot of time and energy to work as flawlessly as possible. But what if they had used this time more sensibly? In the new special workshop "The Power of Failure", managers learn to accelerate transformation processes with a more courageous attitude to failure, to achieve their goals better by questioning the meaning of their own actions and the framework conditions, and to accept their own failure.

Read more

 

Apply now for a Global Executive MBA Scholarship

An internationally recognized education usually has its price. Sometimes, however, you do not have to pay for the costs alone. For the start of the Global Executive MBA 2019, we are again awarding selected partial scholarships helping you to save up to 25% of the tuition fee: the Female Leaders and the WU Executive Academy scholarships. Take your chance and apply now!

Read more

 

Energy Snapshot: Cleantech Innovation Hubs as a solution for the energy challenges of the future

ProspectSV, one of the world's most innovative Cleantech Innovation Hubs in Silicon Valley, is committed to bringing together start-ups, businesses and the public sector to accelerate the adoption of clean technologies for sustainable, intelligent cities. In an exclusive interview, Karen "KJ" Janowski, Vice President for Customer Care, talks about the biggest challenges of tomorrow's cities and points out possible solution scenarios.

Read more

 
Upcoming events:
Info-Session: BBA & certificate programs Sep. 11
Online Info-Session: Executive MBA programs Sep. 12
Online Info-Session: Professional MBA programs Sep. 12
LinkedIn Webinar with Career Angels Sep. 18
Panel Discussion: How to successfully implement AI and Data-Driven Business Sep. 25
Company Visit Brauerei Göss - The Green Brewery Oct. 01 
Access MBA Moscow Oct. 06
Access MBA Zurich Oct. 15
Access MBA Vienna Oct. 17
e-fellows MBA Day Vienna Oct. 20
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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