HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020

Page created by Jeffrey Mckinney
 
CONTINUE READING
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020

Biggest Intake Ever
   page 03

New MSc Finance Track
   page 04

Executive Education:
Two New Programs
   page 10
                                       … and many more insights
Coaching Offers for our Alumni         into HHL’s research, teaching
   page 21                             and campus activities
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
02   HHL NEWS          FALL 2020

EDITORIAL

           Dear HHL Community,

           HHL has always been a place where individuals can               tive experiences and profound learning also in a digital
           develop their fullest potential. But it is also a place which   environment.
           many call home far away from home, where you meet
           friends, inspiring personalities and where – despite all the    The first iteration of our triple hybrid approach allowed
           diversity amongst our student body, faculty and staff –         us to enable all of our students to continue their studies
           people share a common mindset which is the foundation           during the first lock-down. It also made it possible that we
           for our community, our HHL spirit.                              could start with on-campus teaching again in September.
                                                                           And I am sure, that also during the second closing of our
           This spirit has helped us to master the challenging devel-      study locations since the beginning of November, we will
           opments of this year with an astounding level of resil-         be able to continue to deliver world-class teaching, ser-
           ience. When we pulled the plug on on-campus teaching            vice and research.
           on 12 March as one of the very first universities in Ger-
           many, we all hoped, but didn’t really know, that this deci-     The HHL experience is much more than on-campus
           sion would not only be the best and safest one for the          courses. During the pandemic we were reminded that
           health of our community, but that we could still manage to      becoming part of a community, that lifelong networks
           provide high quality teaching and service to our students.      and friendships are an even bigger part of our HHL value
                                                                           proposition. The journey itself, combined with the actual
           Within 24 hours we delivered the first 100 % online course      learning is what constitutes the first steps into a lifelong
           and swiftly moved to digital services for our students and      relationship with HHL. And in a time of digital learning, we
           aspirants. Since then, we have developed what we call           aim to provide the possibilities to build and nurture these
           our “triple hybrid approach” to teaching. We learned that       networks as well.
           doing online courses is a very different experience for all
           involved parties and that you need to approach online and       I wish you all a safe and healthy time and invite you to
           hybrid courses with new methods. Through weekly align-          share your stories with us for our next HHL News. Our HHL
           ments within the faculty, continued support through our         News is a place to share updates about our community,
           digital learning experts, frequent benchmarks, trainings,       inspire each other and to get impulses for our daily lives.
           feedback sessions, mistakes and successes we derived
           three dimensions in which we aim to excel in the future:        Yours sincerely,

           “
           we first need the right technology to support teaching,
           e. g. multimedia screens, high definition cameras and
           microphones and tech-enabled tools such as gamification
            This is a quote from this text
           and polling apps. We secondly have to adapt our s­ yllabi
            to create a lively impression.
           to reflect the different formats which require another
           angle on structuring learning and we finally have to adapt      Prof. Dr. Stephan Stubner
           our teaching styles to ensure lively discussions, interac-      Dean of HHL

     Table of Content

      02      Editorial
      03      Welcome to HHL
      04      Academic Developments
      05      Welcome Week
      06      Entrepreneurship
      08      Faculty Cooperations
      10      Executive Education
      12      Faculty & Research                                                                             Imprint
      19      HHL Alumni Association                                                                         Publisher: HHL Leipzig Graduate School of Management,
                                                                                                             Jahnallee 59, 04109 Leipzig, Germany
      20      Program Anniversary                                                                            +49 341 9851-60 info@hhl.de @hhlnews #hhl www.hhl.de
                                                                                                             Contact HHL News: hhlnews@hhl.de Publication Date: November 2020
      21      Alumni Offers                                                                                  ISSN: 1433-934X ISSN (online): 1867-8017 V.I.S.D.P.: Executive Management
                                                                                                             of HHL: Prof. Dr. Stephan Stubner, Dean of HHL, and Dr. Marcus Kölling,
      22      Anniversaries and New Supervisory Board Member                                                 Chancellor of HHL Editor: Sigrid Fischer Photos: Michael Bader, Iona Dutz,
      24      Event Calendar                                                                                 HHL, Daniel R­ eiche, Jens Schlüter, Jean-Marie Tronquet, Dominik Wolf
                                                                                                             Cover Images: Daniel Reiche Layout: Stefanie ­Bader
                                                                                                             Thank you to all contributors and proof readers of this edition.
                                                                                                             This edition of HHL News has been produced 100 % climate neutrally.
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
www.hhl.de                                                                                                                                         HHL NEWS              FALL 2020             03

                                                                                                                                                                      WELCOME TO HHL

Hybrid Enrollment Ceremony
for the Fall Term 2020
Record enrollment in times of
­coronavirus
HHL was the first university to move                 they received an introduction into their
completely to online teaching in March               journey at HHL and followed the key-
2020 and was now the first university in             note speech for this occasion. Thus, we
Saxony to resume teaching on campus.                 reached a new milestone with the big-
                                                     gest student intake ever. Enabled by the
On 7 September 2020, we welcomed                     experiences made during the summer,
our new students in the official enroll-             students will have classes in a variety
ment ceremony held at the HYPERION                   of formats, including presence, online
hotel in Leipzig. Almost 200 students                and with a special emphasis on hybrid
joined in person or watched online as                courses.
                                                                                                Louise McKay, winner of the DAAD prize, with the Australian deputy ambassador Simon Clayton (right) and
                                                                                                HHL’s Dean Prof. Dr. Stephan Stubner (left)

                                                                                                DAAD prize 2020 awarded to
                                                                                                cellist Louise McKay
                                                                                                The DAAD prize honors outstanding
                                                                                                international students or doctoral can-
                                                                                                                                                      “
                                                                                                                                                      When my class enrolled for the
                                                                                                didates who have distinguished them-
                                                                                                                                                      MBA, I was quite worried that I’d
                                                                                                selves both through special academic
                                                                                                                                                      really have what it takes to turn my
                                                                                                achievements and remarkable social or
                                                                                                                                                      life around from being a classical
Hybrid enrollment ceremony in early September 2020                                              intercultural commitment. This year’s
                                                                                                                                                      musician into an MBA graduate.
                                                                                                prize was awarded to Australian-born
                                                                                                                                                      This award really means a lot
                                                                                                Louise McKay, former professional cel-
                                                                                                                                                      to me and I am grateful for the
                                                                                                list turned MBA student, who thereby
                                                                                                                                                      opportunities it provides
New students welcomed                                    Keynote by the                         ranks within the top 0.1 % of all interna-
       by the Dean                                     Member of the Board,                     tional students across Germany.                       Louise McKay, M20 student

Prof. Dr. Stephan Stubner                                Deutsche Bank

HHL’s Dean Prof. Dr. Stephan Stub-                   The keynote speech was held by Bernd       Reaching 50 % female enrollment
ner personally welcomed all new stu-                 Leukert, Chief Technology, Data and
dents and guests to the start of a new               Innovation Officer at Deutsche Bank.       mark in current MBA class
life chapter. In his speech, he reminded             Focusing on the current economic crisis
the students to strive for more than a               and its effects on the students’ future,   This year’s full-time MBA class is one                to attract more female students to our
prosperous career and financial ben-                 he stressed the importance of reacting     of the largest intakes bringing 59 stu-               various programs, we are also proud
efits. “It is about developing your per-             quickly to change in order to be suc-      dents to HHL. It is also a very interna-              to have 60 nations represented on our
sonality, developing your network”, he               cessful. He urged his listeners to use     tional group, spanning 18 nationali-                  campus. This is just a snapshot and we
emphasized. “I strongly believe that this            data and appropriate algorithms to         ties (excluding Germany), therefore                   will be working towards steadily increas-
is what you can take out of your studies             understand the company structure and       providing the perfect opportunity to
                                                                                                ­                                                     ing our diversity amongst our student
at HHL.”                                             customer needs. “There is one single       experience the creative energy born out               body as well as our members of staff.
                                                     element that matters”, he believes, “and   of different perspectives and mindsets.
                                                     that is speed.”                            We are especially excited to welcome                  Further, HHL has set a new record with
                                                                                                many future female leaders to this MBA                65 full-time students for the Master in
                                                                                                program reaching a 50 % female enroll-                Management program. In spite of the
                                                                                                ment mark.                                            pandemic, HHL has seen a sharp rise
                                                                                                                                                      across all of its programs. The part-time
                                                                                                Diversity at HHL has reached new levels               Master in Management program wel-
                                                                                                which is a result of the constant efforts             comes 66 new students to its three loca-
                                                                                                undertaken. Not only have we been able                tions in Leipzig, Cologne and Munich.

  “
  HHL is a very personal busi-
                                                       “
                                                       If people reinvent themselves
                                                                                                                                                      “
                                                                                                                                                      As an international student,
  ness school. That means, we                          it does not mean that these                                                                    I look forward to meeting the
  are small, we are individual.                        people are leaving their past,                                                                 internationals from all over
  We are focused on premiere                           their characteristics, their                                                                   the globe and to become
  learning experiences and that                        talents, their abilities behind.                                                               part of a diverse community
  we care for you – and your                           It is the foundation, the basis                                                                at HHL where we can create
  personal development.                                of shaping the future of new                                                                   a future together and work
                                                       ideas.                                                                                         together as a team.
  Prof. Dr. Stephan Stubner
  Dean of HHL                                          Bernd Leukert                                                                                  Yin Shan Mao, MSc21 student
                                                       Member of the Board, Deutsche Bank
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
04                                 HHL NEWS                FALL 2020

  ACADEMIC DEVELOPMENTS

Launch of new Master in
­Management (M.Sc.) | Finance
Welcome Finance Track!
With the arrival of the 2020 Fall Term, we warmly
                                                                                                                                                             “
                                                                                                                                                             Engage in a like-minded and committed
welcome our first generation of MSc Finance Track                                                                                                            community willing to shape the future across all
students. These 28 new members of the MSc family                                                                                                             industries. Learn how to negotiate and navigate
(13 full-time and 15 part-time) have chosen an innova-                                                                                                       based on quantitative findings in a VUCA world.
tive study program that sits at the crossroad of finance                                                                                                     Prof. Dr. Alexander Lahmann, Professorship in M&A
and strategic management.

We believe that combining strategic thinking and
quantitative skills will create an exciting program of
high practical relevance.
                                                                                                                                                             “
                                                                                                                                                             Our program goes beyond imparting Corporate
                                                                                                                                                             Finance tools to analyze business challenges:
                                                                                                                                                             We educate future leaders in deducing responsible
                                                                                                                                                             decisions and in entrepreneurial execution.
                                                                                                                                                             Dr. Maximilian Schreiter, Assistant Professor & Executive Director IFU

                                                                                            … connects corporate finance                          … strengthens informed                          … builds entrepreneurial,
         Our Finance Program                                                                expertise with management skills                      decision making                                 responsible and effective leaders

         Our Vision                                                                Building the continent’s most renowned corporate finance program

Curriculum                                                                                                                                                                                    Learn how to:

                                                                                                                                                                                                                             Make profound
                                         General Management Essentials                                     FINANCE FOCUS                                               THESIS                       Make optimal
                                                                                                                                                                                                                              ­investment
                                                                                                                                                                                                ­financing decisions
                                                                                                                                                                                                                                ­decisions
  FINANCE PREP COURSES (ONLINE)

                                  Selected modules, e. g.:                                                                                                    Write your thesis on
                                  _ Coding & Data Literacy                       Financial Decision     Advanced Financial ­            Add-ons,             practically relevant
                                  _ Negotiation                                        Making               Challenges                     e. g.              topics or develop an                 Understand and
                                  _ Problem Solving & Communication                                                                                          academic paper                                                Analyze & value
                                                                                                                                                                                                   evaluate capital
                                                                                                                                                                                                                            business models
                                                                                                                                                                                                  structure choices
                                                                               Financial Analysis &    Financial Instruments &   Advanced Excel
                                                                               Modelling               Asset Pricing             Modelling
                                                                                                                                                                                                  Design Financial
                                      General Management Competencies          Capital Market          Risk Management           Big Data Analytics                                                                         Structure efficient
                                                                                                                                                                                                   Contracts and
                                                                               Theory & Investments    of Corporations           in Finance                                                                                     portfolios
                                                                                                                                                                                                 unravel their value
                                                                                                                                                                                                      impact
                                  _P  ractical experience, e. g.:             Corporate               Advanced Corporate        Case Study S­ eminar with
                                    student consulting projects, internships                           Finance & Taxation        Finance ­Executives
                                                                               Valuation & M&A
                                  _ International experience:                                                                                                                                                               Understand and
                                                                                                                                                                                                 Link financing & in-
                                    Study abroad at one of of 140+ partner                             Entrepreneurial                                                                                                        price financial
                                                                               Economics of                                      Note: Select two of the                                         vestment decisions
                                    universities                                                                                                                                                                             instruments for
                                                                                                       Finance & Venturing       offered Add-Ons
                                                                               Finance                                                                                                                                       managing risks

                                                                                                                                                                                                   Use modern tools as big data & machine
                                                                                                                                                                                                                 learning

Get involved                                                                      Key facts                                                                                                   First batch statistics
_ Recruit our students                                                            Who enrolls: young professionals with a bachelor in business-related
_ Send your top talents                                                           ­subjects and the ambition to pursue a career in finance
_ Propose co-teaching ideas                                                        Study options: full-time (ft) or part-time (pt)
                                                                                   Duration: 21–24 (ft)/24–30 (pt) months (90 ECTS credit points)
                                                                                   Degree: M.Sc.
                                                                                  Language of instruction: English
                                                                                  Option: study abroad
                                                                                  Start: September
                                                                                  Study location: Leipzig (ft/pt), Cologne (pt), Munich (pt)
                                                                                  Application deadline: 20 June 2021 (Early bird deadline: 28 February 2021)
                                                                                  Participants per class: 35–55 (ft)/15–25 (pt)
                                                                                  Average age: 25 years
Contact:                                                                          Average work experience: 2.5 years
Dana Prahl                                                                        Tuition: EUR 29,500 (Early bird rate: EUR 27,000)                                                                        53 % Financial Industry
Corporate Relations & Transfer                                                                                                                                                                             33 % Consulting
d.prahl@hhl.de                                                                                                                                                                                             14 % Corporate
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
www.hhl.de                                                                                                                           HHL NEWS        FALL 2020          05

                                                                                                                                                    WELCOME WEEK

Kicking off a new life chapter at HHL
The “Welcome Week” offers a dive into          dents were split into small groups and                          Team rally takes students
the #hhlspirit. Our students get to know       the activities were spread out over mul-                            across campus
classmates from all of our programs and        tiple days.
from all corners of the world, both virtu-                                                  The team rally is a special welcome       in Leipzig. Guided by the questions
ally and on-site. This community event         The overall objective of the “Welcome        event, where faculty and staff make       the teams explore the department
lays the foundation for a powerful net-        Week” is to attune our new students          time to answer the new students’          offices, collecting answers and navi-
work that will support them not only           into the highly diverse environment that     questions. As a small business school,    gating the university grounds. Some
through their studies but far beyond.          HHL is offering. In order to achieve that,   HHL is a tight-knight community with      questions encouraged the students
                                               we discussed what diversity means for        short distances between offices and       to make educated guesses, which
This year’s “Welcome Week” was par-            each individual. Further, we mixed our       direct communication flow. The team       often lead to interesting conversa-
ticularly special as it was one of the first   teams across the programs for students       rally gives new students the oppor-       tions with the staff and the adminis-
chances for many to experience an in-          get to know each as much as possible         tunity to get to know their class-        trative team.
person event since the pandemic out-           already at that point. During this week,     mates as well as the main campus
break. New students gathered in Leipzig        they were also introduced to the Leipzig
to tour the campus and explore the city.       Leadership Model, HHL’s model for gen-
In line with health regulations, the stu-      eral management.

Voices from our class of 2020

“
The first weeks have been great,
                                               “
                                               Starting at HHL has been a really
especially the Welcome Week events             exciting and fun experience. Even
where we have started to develop               though the current situation does
our team spirit and got the chance             not allow all events to take place, we                                Bike tour through
to get to know the city of Leipzig.            had great events organized and the
I am thankful that HHL developed a             chance to really get to know each
                                                                                                                     Clara-Zetkin-Park
hybrid model in these challenging              other as fellow students. We as the
                                                                                            A few days later, the fun continued       share leader, the students gath-
times and made it possible to meet my          students are really grateful for the
                                                                                            for all students enrolled. With sup-      ered to go on a bike tour of the
classmates in person. The MSc class 21         organization by HHL. The team spirit
                                                                                            port from Nextbike, Europe’s bike         Clara-Zetkin-Park.
is shaped by smart, ambitious students         that evolved within the past weeks
and a supportive environment. HHL              is amazing. In the third week into
students inspire you to think out of the       the program, everyone is working
box and think about what you want to           together as a team and helping
achieve during the next two years, and         each other out. A spirit that is really
further. I am looking forward to work          inspiring. [I am looking forward to]
in a passionate, international class and       many challenging and instructive
conquer the upcoming challenges of             courses with great personalities. Of
lectures and case studies as a team –          course, the nights with cold drinks
it will make us all not only to grow           and fun discussions will not come
professionally but also personally.            too short as well.

Sina Nöding, MSc21 student                     David Luxenhofer, MSc21 student
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
06       HHL NEWS           FALL 2020

  ENTREPRENEURSHIP

HHL DIGITAL SPACE –
Where entrepreneurs grow
Welcome to HHL DIGITAL SPACE                                                              Take-off, Market & Launch Days
Leipzig has a new player in its vibrant       tion program developed by HHL. With         Take-Off Days for Batch #1 started on                 the upcoming entrepreneurs will be the
entrepreneurial ecosystem with the            inspiring facilities on campus of HHL       10 September in the new facilities of the             Launch Day at the HYPERION hotel in
HHL DIGITAL SPACE tech incubator.             enhanced by virtual offerings, the early-   HHL DIGITAL SPACE.                                    Leipzig on 8 December 2020.
Thanks to the joint efforts of the HHL        stage founders receive tailored support
team, its supporters and alumni as            on their entrepreneurial journey such as    After five weeks the event called Mar-                The teams will pitch their idea and
well as the EXIST Potential Program           consulting on the EXIST grant, a net-       ket Day attracted mentors and sup-                    receive feedback from a jury and con-
by the Federal Ministry of Econom-            work of experts within HHL and from         porters in a special hybrid format with               nect with other entrepreneurs, investors
ics and Energy (BMWi) the first batch         the start-up ecosystem plus events and      regards to COVID-19. The highlight for                and partners.
of 11 start-up teams kicked off in Sep-       workshops with established companies
tember 2020 with the 12-week incuba-          and partners.

The DIGITAL SPACE team                                                                    Dean Prof. Dr. Stephan Stubner giving a speech during the Market Day

                                                                                                                                                     The start-ups of our
                                                                                                                                                          first batch
   The 12-week incubation program
                                                                                                                                                                 Online marketplace with
                                                                                                                                                                 unique Instagram features for
   At its core, there is a structured and      DIGITAL SPACE tech incubator, points       is described in a “double-diamond”                                     vendors
   free of charge 12-week incubation           out: “We especially invite teams with      that is divided into four sprints giving                               Cloud based, innovative
   program for early-stage founders            a technical background in IT or engi-      room for ideation and regular feed-                                    SaaS platform for MS-Office
   with digital business models. Appli-        neering as well as mixed teams of          back loops to prepare the entrepre-                                    automation
   cations for participants of Batch #2        buinsess and IT founders to apply.”        neurs for realizing their idea.                                        Effortless grill-experience
   ­starting in January 2021 are open until                                                                                                                      delivered to everyone
    20 November 2020.                          During the intensive program, the
                                                                                                                                                                 Reward program for independ-
                                               start-ups concretize and validate their                                                                           ent hotels helping small play-
   Everybody is welcome to apply, while        business idea regarding the “problem-                                                                             ers to survive and frequent
   Sophie Kuhl, Managing Director of the       solution fit”. The structured approach                                                                            travellers to experience a
                                                                                                                                                                 unique stay

                                                                                                                                                                 A holistic approach enabling
                                                                                                                                                                 the vertical integration of
                                                                                                                                                                 large software systems for the
                                                                                                                                                                 insurance industry to further
                                                                                                                                                                 enhance ongoing digital trans-
                                                                                                                                                                 formation and automation

                                                                                                                                                                 Technology platform to con-
                                                                                                                                                                 nect (local) retailers with con-
                                                                                                                                                                 sumers, unifying the advan-
                                                                                                                                                                 tages of both online shopping
                                                                                                                                                                 and traditional, stationary
                                                                                                                                                                 retail

                                                                                                                                                                 Platform for second-hand bicy-
                                                                                                                                                                 cles and bicycle components
                                                                                                                                                                 for kids

                                                                                                                                                                 First of its kind loyalty program
                                                                                                                                                                 for green and responsible
                                                                                                                                                                 shops and brands

                                                                                                                                                                 Sonoday allows advertisers
                                                                                                                                                                 to bundle thousands of pod-
                                                                                                                                                                 casts into one strong voice
                                                                                                                                                                 and enables podcasts to get
                                                                                                                                                                 sponsorships

                                                                                                                                                                 A platform to boost product
                                                                                                                                                                 sales and visibility on various
                                                                                                                                                                 e-commerce platforms

                                                                                                                                                                 B2B platform focused on
                                                                                                                                                                 building meaningful con-
                                                                                                                                                                 nections between conscious
                                                                                                                                                                 brands and local businesses
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
www.hhl.de                                                                                                                               HHL NEWS           FALL 2020             07

                                                                                                                                                     ENTREPRENEURSHIP

Appointment of the Junior Professor                                                           Financial Times Global Masters in
Strategic Entrepreneurship as part of                                                         ­Management Ranking 2020
EXIST project DIGITAL SPACE start-up                                                          HHL ranked TOP 25 worldwide

Coming from the strategy consult-            demic background with several awards             The new ranking by the Financial
ing Boutique Stern Stewart & Co as a         and scholarships enriched with practical         Times, which assesses Master in Man-
manager to HHL in 2018, Jun.-Prof. Dr.       experience characterize his profile.             agement programs from universities
Dominik Kanbach first supported to                                                            around the globe, has awarded top
drive forward HHL’s key strategy projects    Being appointed Junior Professor for             positions to the education offered
that amongst others led to the success-      Strategic Entrepreneurship in April              at HHL Leipzig Graduate School of
ful launch of DIGITAL SPACE with its tech    2020 and acting as Academic Lead for             Management.
incubator program. Initially as a Post-      the DIGITAL SPACE, Dominik’s main
Doc he developed and implemented new         responsibilities are to transfer research        HHL graduates were ranked 3rd in
teaching formats like the course Disrup-
tive Technologies and Business Models
and established himself as an aspiring
                                             results into practical startup support, to
                                             develop contents of the 12-weeks incu-
                                             bation program and to drive the success
                                                                                              Europe and 7th worldwide for their sal-
                                                                                              aries. HHL’s Career Service was also
                                                                                              ranked very high, achieving 7th place
                                                                                                                                          “
                                                                                                                                          HHL was the best decision
scholar through publications in acknowl-     of the initiative together with Sophia           worldwide. In the global ranking,           I could make as it provided
edged journals such as the Harvard Busi-     Kuhl, Managing Director of the DIGITAL           which includes a total of 90 universi-      me with the tools for my
ness Review. Overall, his strong aca-        SPACE tech incubator.                            ties, HHL came in 2nd in Germany and        current position as a business
                                                                                              23rd worldwide, improving our posi-
                                                                                                                                          development specialist. With
                                                                                              tion for the second time.
                                                                                                                                          its well-structured curriculum, a

                                                                                              “
                                                                                                                                          vast choice of student initiatives
         Investors Day                           International Study
                                                                                                                                          and its excellent Career Service,
                                                   Trip – Excursion                                                                       HHL was a key factor for success
The HHL SpinLab Investors Day took                                                            We are delighted to see we
place on 17 September 2020 and in                     to Poland                               improved our position in the                in my personal development.
a joint format SpinLab and HHL pre-                                                           latest Financial Times ranking              The friendships I formed at the
sented first class early-stage start-ups     From 18–21 September 2020, 27 stu-               even more. We are able to offer             school continue to flourish.
to investors while discussing industry       dents from various HHL programs
                                                                                              our students one of the world’s             Richard Schramm, HHL alumnus
trends with startups and VC experts.         ­visited the WSH University in Business
                                                                                              leading Master programs. Es-                (Business Development Customer Center
DIGITAL SPACE Managing Director               in Wroclaw, Poland. During an inten-                                                        Porsche Leipzig GmbH)
                                                                                              pecially in times of crisis, it is
Sophia Kuhl moderated the Best of Mit-        sive weekend in Wroclaw, students

                                                                                                                                          “
teldeutschland Award and Meshmerize           were exposed to a blend of manage-              important for young people to
from Dresden won 1,500 € for their pitch      rial and cultural insights. In addition to      enjoy high-quality and widely
granted by the Karl-Kolle-Stiftung.           lectures by Prof. Dr. Tobias Dauth, Prof.       respected education. Compa-                 HHL was the best choice for
                                              Dr. Alexander Lahmann and Jun.-Prof.            nies have let us know that they             me as it combines a great
                                              Dr. Dominik Kanbach let the students            are thankful to be able to find             education with tremendous
                                              work on a customized case study to get          high-powered and responsible                opportunities. Besides close
                                              a better understanding of the specific          junior leaders here. Achieving              ties to alumni, the university
                                              perspectives in the place of residence.         top ranks once again confirms               provides numerous chances to
                                              Moreover, guest speakers provided               our approach and motivates us               get in touch with prospective
                                              insights into the vibrant region of Cen-
                                                                                              in our daily pursuit of excellence          employers. Especially the group
                                              tral and Eastern Europe, especially of
                                                                                              in instruction and research.                projects with companies and
                                              the Polish start-up scene from a histori-
                                              cal perspective. For instance, Dr. Bar-         Prof. Dr. Stephan Stubner, Dean of HHL      the contact with top consulting
                                              tosz Gonczarek (co-founder of Explain                                                       firms through the HHL-Career
                                              Everything) explained specifics of start-       The FT Global Masters in Manage-            Service helped me on my way to
                                              ing a business in a growing economy. He         ment Ranking 2020 is considered to          a career in consulting.
                                              also highlighted the impact of cultural         be one of the most comprehensive
                                                                                                                                          Benjamin Kühl, HHL alumnus
                                              differences on start-ups and presented          and significant of its kind internation-    (Consultant at McKinsey & Company)
                                              key takeaways for future entrepreneurs.         ally for Master in Management pro-
                                              A city tour and evening events brought          grams. The ranking combines data
                                              in some “Polish flavor” and success-            from two surveys. One polls alumni          We are proud of the work our HHL
                                              fully added to an exciting weekend for          from the universities who graduated         community has done to maintain a
                                              the HHL students. HHL Alumnus Artur             three years ago. The other one uses         world-class educational provision.
                                              Tomys (M8), CEO of EQUIQO, hosted the           information provided by the univer-         Thanks to your dedication and efforts
                                              group at his company’s facility. EQUIQO         sities themselves, such as diversity of     HHL again is ranked among the
                                              demonstrating great HHL spirit.                 the student body or internationality        TOP 25 Business Schools worldwide!
      Establishment of                                                                        of the programs.
    the Research Group
 ­Strategic Entrepreneur-
    ship with more than                      Coaching, mentoring and know-how
       20 researchers                        from women for women on their way to their own businesses
Jun.-Prof. Dr. Dominik Kanbach and                                                         and the Free State of Saxony we are            Voice of a participant:
Prof. Dr. Stephan Stubner lead the new                                                     successfully organizing a female found-        “For me the female founders class is a
Research Group Strategic Entrepre-                                                         ers class. The class has a duration of         real blessing. Especially in these uncer-
neurship. In this research group, the Por-                                                 six months and includes workshops,             tain times of COVID-19, I almost lost
sche AG Chair of Strategic Management                                                      coaching and mentoring from women              my courage in believing my foundation
and Digital Entrepreneurship and the                                                       for women on their way to their own            could succeed. The continuous support,
Junior Professorship in Strategic Entre-                                                   business. Rossitza Ivanova, research           the fun workshops and the broad net-
preneurship join forces to add to HHL’s                                                    associate at the Chair of Innovation           work is giving me an orientation struc-
research excellence in the interface of                                                    Management and Entrepreneurship, is            ture. I gained important knowledge
Strategic Management and Entrepre-                                                         the new project leader since April 2020        about various methods and approaches
neurship research. With already more                                                       and has implemented the founders’              around building my business. I am
than 20 internal and external Ph.D. can-     Since 2017 the SMILE project team at          class as an online program. For detailed       thankful for the connections to other
didates the research group aims to sig-      the Chair of Innovation Management            information please visit our website:          female entrepreneurs because this is a
nificantly contribute to the academic        and Entrepreneurship is accompanying                                                         versatile enrichment to all of us. Thanks
discussion on international top-level        young women on their way to become                  https://www.hhl.de/                      to all this support, I now know not only
and at the same time derive practical        a founder. With the support of the Euro-            experience/initiatives/                  how I am going to start up, but also that
applicable insights.                         pean Union, the European Social Fund                female-founders-initiative/              I am going to start up!”
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
08       HHL NEWS                  FALL 2020

 FACULTY COOPERATIONS

Student Consulting Projects 2020

No.    Chair/Professorship             Project Partner/Company Topic
                                                                                                          Student Consulting                           Personalized
 1     Prof. Dr. Iris Hausladen        DHL Leipzig
                                       “Optimization of digitalization approaches for the cross-          Project with kicker                        ­therapies from
                                       functional controlling of the operations of the DHL Hub Leipzig
                                       GmbH”                                                                                                        the 3D-printer –
 2     Prof. Dr. Manfred Kirchgeorg    DHL Leipzig                                                       In Spring Term 2020, the Chair           ­students help with
                                       “DHL HUB LEIPZIG – als Arbeitgeber der ersten Wahl –
                                       nachhaltig und attraktiv in der Region”
                                                                                                         of Accounting and Auditing sup-           business planning
                                                                                                         ported the probably most pop-
 3     Prof. Dr. Manfred Kirchgeorg    Gewandhaus Leipzig
                                       “Was ist die Marke ‘Gewandhausorchester’ wert? – Entwicklung
                                                                                                         ular German sports magazine,
                                       eines Markenbewertungsansatzes für ein internationales            kicker, in its reorientation within    The founding team NEXT3D of the
                                       Spitzenorchester”                                                 the scope of a student consult-        Leipzig University Hospital pro-
 4     Prof. Dr. Claudia Lehmann       Dr. Oetker                                                        ing project. Especially in the year    duces personalized 3D-printed
                                       “Idea- & Innovation-Program"                                      of its 100th anniversary, kicker       implants and instruments using
 5     Prof. Dr. Claudia Lehmann       L-Foren                                                           is more than ever challenged to        patient-specific data. The aim is
                                       “Establishing a local ecosystem to create a sustainable
                                       customer value in living”
                                                                                                         think about the market environ-        to provide patients with improved
                                                                                                         ment, the general development          therapies. At the end of 2019 the
6+7    Jun.-Prof. Dr. Erik Maier       VNG
                                       “Market Potential Assessment: Future Developments in Urban        trends in sports reporting, the        founding team was awarded the
                                       Development, Infrastructure and Housing”                          changed (also social) framework        IQ Innovation Prize of Central
 8     PD Dr. habil. Dorian Proksch    EnviaM                                                            conditions as well as the future       Germany. This year a team of HHL
                                       “Public WiFi as Enabler for Smart Cities”                         market positioning in a very emo-      students from the MSc program
 9     Prof. Dr. Stephan Stubner       Porsche                                                           tional business like professional      was asked to support the process
                                       “Sportscar Ranch”                                                 football. A team of six HHL Mas-       of Business planning. Therefore
10     Prof. Dr. Andreas Suchanek      PWC FS Tax                                                        ter’s students was able to accom-      the students analyzed the mar-
                                       “Exploration of (options, opportunities and limits of) suitable
                                                                                                         pany those responsible for the         ket for 3D-prints in the fields of
                                       metrics to measure trust(worthiness) in the context of tax and
                                       legal consulting on behalf of banks, insurance and investment     kicker for part of the way. The        stereotaxy and vascular surgery
                                       companies”                                                        results of this cooperation will be    and developed commercializa-
 11    Prof. Dr. Vivek Velamuri        Schöck Bauteile                                                   visible in the future.                 tion strategies. “Especially for
                                       “Augmented reality on the construction site”                                                             small companies with very lim-
 12    Prof. Dr. Arnis Vilks           everphone                                                                                                ited financial resources, the stu-
                                       “Digitizing the non-desk work force – productivity increase
                                                                                                                                                dent consulting projects offer the
                                       through mobile devices and apps in the hotel industry”
                                                                                                                                                opportunity to work on an urgent
 13    Prof. Dr. Wilhelm Althammer     Aicura Medical (Spinlab)
                                       “Market strategy for healthcare AI platform”
                                                                                                                                                problem at high level”, says Prof.
                                                                                                                                                Dr. Bernhard Schwetzler from the
14     Prof. Dr. Bernhard Schwetzler   Uniklinikum Leipzig (Neurosurgery)
                                       “3D-printing for personalized medicine” (business cases)                                                 Chair of Financial management,
 15    Prof. Dr. Henning Zülch         Kicker
                                                                                                                                                who supervised the project.
                                       “Der ‘kicker’ als B2B-Marke”
16     Prof. Dr. La Mura               HDT
                                       “Understand the data and needed structure leading to the
                                       identification and steering of the success drivers in the
                                       recruiting and headhunting industry”
 17    Prof. Dr. Vivek Velamuri        Suncoal
                                       “Development of sustainable rubber goods”

      Student Consulting                                   Student Consulting                             Student ­Consulting                   Wanted: Partners for
      Project of HHL and                                      Project with                                  ­Project with the                   Student Consulting
     VNG shows: Around                                        the DHL Hub                                Leipzig Gewandhaus                          Projects
     60 % of East German                                        Leipzig                                         Orchestra                       An important element of study-
       municipalities ex-                                                                                                                       ing at HHL are the “field ­projects”,
                                                        A group of HHL students con-                     The project with the world-
     pect corona ­effects                               ducted a study for the DHL                       renowned Leipzig Gewandhaus
                                                                                                                                                student consulting projects super-
                                                                                                                                                vised by a Chair. Students run
       for years to come                                Hub in Leipzig with a focus on                   Orchestra, which was supervised        these projects independently
                                                        employer branding on a qualita-                  by Prof. Dr. Manfred Kirchgeorg’s      while receiving coaching from a
  83 percent of East German                             tive as well as quantitative basis.              Chair of Marketing, revolved           respective Chair. Many well-known
  municipalities expect lower tax                       In a first step, the student team                around the question of what            large corporations, medium-sized
  revenues as a result of the corona                    interviewed internal and exter-                  value cultural institutions, such as   companies and start-ups have
  crisis. In contrast, 39 percent                       nal stakeholders of the DHL Hub                  the Gewandhaus Orchestra, can          already benefited from the results
  see accelerated digitization as a                     Leipzig in order to identify central             develop in their target group. Up      of HHL’s student consulting pro-
                                                                                                                                                jects. This cooperation format is
  positive effect of the pandemic-                      drivers of a successful employer                 to now, so-called brand valua-
                                                                                                                                                offered to companies that look for
  related crisis. This is the result of                 branding campaign. In a second                   tion approaches have rarely been
                                                                                                                                                fresh ideas, profound research and
  a student consulting project car-                     step, the student team imple-                    applied to cultural institutions.      sound solutions to current man-
  ried out by HHL, supervised by                        mented a structured survey in                    However, brands are known to have      agement challenges. Project top-
  Jun.-Prof. Dr. Erik Maier’s Chair                     order to derive recommendations                  a huge magnetic effect on cus-         ics can be derived from all busi-
  of Retail and Multi-Channel Man-                      for the areas of employer brand-                 tomers and thus, play a crucial role   ness areas, e.g. strategy, finance,
  agement, and VNG AG, a holding                        ing, recruitment, development                    for the successful maintainance of     marketing, business development,
  of multiple energy-related busi-                      and talent management as well                    companies but also cultural insti-     HR, logistics etc. For three to six
  nesses headquartered in Leipzig.                      as retention management for the                  tutions. Within the scope of the       months teams of four to six stu-
  In the framework of the project a                     DHL Hub Leipzig management                       field project, the use of brand val-   dents work in the role of manage-
  team of four students conducted                       team.                                            uation approaches was examined         ment consultants under the sci-
                                                                                                                                                entific guidance of a faculty chair.
  in-depths interviews with rep-                                                                         in order to gain long-term indica-
                                                                                                                                                Next projects will start in mid-
  resentatives of 36 East German                                                                         tions for the successful orientation
                                                                                                                                                March 2021. Companies interested
  municipalities.                                                                                        and communication of the Leipzig       in participating are welcome to
                                                                                                         Gewandhaus Orchestra.                  contact HHL:

                                                                                                                                                Kathrin Schmidt
                                                                                                                                                Manager Employer Relations |
                                                                                                                                                Dept. Career Development
                                                                                                                                                T +49 341 9851-882
                                                                                                                                                k.schmidt@hhl.de
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
We Empower Leaders
HHL prepares you to be successful
in a constantly changing world.

Company-specific
programs in:
_   S
     trategy & Scenario Planning
_   D
     igitization, IT & Innovation
_   Finance
_   L
     eadership & Communication

Open-enrollment
­programs:
_   Management & IT
_   M
     erger Integration Management
_   G
     eneral Management Program
_   Company Succession

              Contact:
            Jana Näther                                                           State-of-the-art ­education
          +49 341 9851-838
        jana.naether@hhl.de                                                       for ­managers

                                                                                  Excellent lecturers with
                                                                                  an impact-oriented a­ pproach
                    ECTS
                   credits
              ­transferable
                                                                                  Networking with
                to our MBA                                                        successful ­leaders
                 ­program

        HHL Leipzig Graduate School of Management
        Jahnallee 59, 04109 Leipzig, Germany, +49 341 9851-838, www.hhl.de/executive
HHL LEIPZIG GRADUATE SCHOOL OF MANAGEMENT FALL 2020
10        HHL NEWS               FALL 2020

  EXECUTIVE EDUCATION

Successful completion of the 1st edition
of the Merger Integration Management
Program
In September 2020, the first class of          to successfully manage the complexity
the Merger Integration Management              and dynamics of M&A integration pro-
Program (MIM) ended very success-              jects and how to realize merger poten-
fully. The participants were very satis-       tials. The program concluded with the
fied with the joint program of HHL and         certificate “Merger Integration Profes-
the frankfurter gruppe, with the per-          sional (HHL)”. The next cohort starts on
sonal exchange they could experience           25 February, 2021.
with lecturers and participants and the
professional experience of the course
at HHL. The participants learned how                 www.hhl.de/merger-integration
                                                                                            “
                                                                                            The program of HHL and
                                                                                                                                   “
                                                                                                                                   What is unique about the
                                                                                            frankfurter gruppe is not              program is the combination
                                                                                            only unique in the German-             of theory and practice, the
                                                                                            speaking world, but also               transfer of knowledge from
                                                                                            great. The energy, know-how            HHL and frankfurter gruppe.
                                                                                            and power in the seminar               The breadth of topics bundles
                                                                                            room with other experienced            holistically issues that arise
                                                                                            colleagues is enriching. The           in every days life of one
                                                                                            lecturers get to the heart of          working on integration.
                                                                                            the matter.                            I liked the discussion with the
                                                                                            Rico Hänel
                                                                                                                                   participants who came from
                                                                                            Managing Director,                     various companies and with
                                                                                            be-terna GmbH                          different questions. From
                                                                                                                                   the beginning, the setup of
                                                                                                                                   3 x 3 days made it possible to
                                                                                                                                   proof in practice what had
                                                                                                                                   been learned and to take the
                                                                                                                                   resulting questions into the
                                                                                                                                   next session.
                                                                                                                                   Anke Dewitz-Grube
                                                                                                                                   Director Bosch Inhouse Consulting,
                                                                                                                                   Robert Bosch GmbH
Participants of the 1st MIM Program

    General Management Program
    with largest intake ever
    The 16th edition of the General Man-        This year, HHL Executive Education        one’s own repertoire, and to convey
    agement Program (GMP) started with          offered a new female scholarship for      scientifically sound as well as prac-
    the largest intake ever. In six modules,    this program and was delighted to         tice-relevant knowledge to fill the
    16 participants from various indus-         promote four successful women to          leadership role as best as possible.”
    tries and sectors gain state-of-the-        the GMP.
    art knowledge on flexible strategies                                                  Lea     Waskowiak      adds:    “Since
    in times of uncertainty, problem solv-      Nina Kilian, Director Controlling of      I work in corporate communica-
    ing, marketing in the digital world,        Deutsche Rückversicherung AG, one         tions, I would like to use the GMP to
    leadership, value-based management          of the scholarship holders said: “The     deepen my existing management
    and strategic innovation and thereby        General Management Program offers         knowledge, but above all to specifi-
    expanding their management and              excellent opportunities to deepen         cally close gaps, e. g. in the area of

                                                                                                                                   “
    leadership skills. Many participants        management competencies in the            financial management. In addition,
    value the fact that the modules can         light of our dynamic and fast-moving      I would like to broaden my horizons.
    be credited to the HHL Part Time MBA        times, to build a long-term network       The GMP Women’s Scholarship is
                                                                                                                                   The lecturers cleverly
    Program.                                    for the continuous development of         the ideal starting point for this and
                                                                                          offers me the opportunity to learn
                                                                                                                                   combine teaching content
                                                                                          from and with other women.”              with self-development of
                                                                                                                                   working techniques in the
                                                                                          More about the GMP please see here:      group. I’ve gained valuable
                                                                                                                                   experience and loads of
                                                                                                 www.hhl.de/gmp                    inspiration. Thanks for that!
                                                                                                                                   Dr. Christian Mayer
                                                                                                                                   Head of Compliance,
                                                                                                                                   thyssengroup Steel Europe AG
www.hhl.de                                                                                                                                           HHL NEWS             FALL 2020     11

                                                                                                                                                            EXECUTIVE EDUCATION

HHL offers new Executive Education
­certificate program Management & IT                                                                                                            “
                                                                                                                                                The HHL Executive programs are
                                                                                                                                                designed to deliver relevant and
In the course of digitization, companies                 online teaching to ensure compatibility                                                impact-oriented executive skills.
are in strong need of qualified specialists              with job obligations.                                                                  I invite you to take advantage
who have competencies in the fields of
                                                                                                                                                of our wide range of programs
management and IT as it is the only way                  HHL works with renowned partners to
                                                                                                                                                and seminars for your personal
to take full advantage of the opportuni-                 convey the program content. The lec-
ties associated with the digital transition.             turers come from HHL, the Institute for
                                                                                                                                                development.
                                                         Applied Computer Science at the Uni-                                                   Prof. Dr. Tobias Dauth
In this 10-month certificate program,                    versity of Leipzig (InFAI) and the Berlin                                              Academic Director Executive Education
participants will quickly gain up-to-date                start-up scene.
knowledge and develop necessary skills
in the fields of management and IT in                    Management & IT is open to all candi-
order to work at that interface.                         dates that are either working or would            Upcoming Executive
                                                         like to work at the interface between
Participants will work on real business                  Management and IT or dealing with IT-             Programs and Seminars
cases for all modules in order to apply                  related management projects.
the core elements of the digital business                                                                  All our scheduled programs and seminars will either
in a practical manner. The part-time pro-                At the end of the program, graduates              take place face-to-face or in a hybrid format.
gram combines on-campus phases and                       will receive a HHL university certificate.
                                                                                                           25 February–19 June 2021 | Leipzig
                                                                                                           Merger Integration Management
                                                                                                           For executives and project managers who are
                                                                                                           responsible for the successful planning and realization
Hot of the press: brandnew certificate                                                                     of merger integration projects
                                                                                                           www.hhl.de/merger-integration
program for company succession
                                                                                                           24–25 March 2021 | Hamburg
University of Münster and HHL cooperate on initiative                                                      Purpose Seminar – Lead Effectively with Purpose
of IHK North Westphalia                                                                                    For senior leaders who want to hone their purpose for
                                                                                                           themselves and their organization
On 6 October 2020, the deans of com-                     sors for their new role, enable senior            www.hhl.de/purpose
pany sucession HHL Leipzig Graduate                      entrepreneurs to plan and control the
School of Management (HHL), Prof. Dr.                    process at an early stage and help to             26 March 2021 | Leipzig
Stephan Stubner, and the Westphalian                     determine the value of the company.               Corporate Valuation
Wilhelms University (WWU) of Mün-                        We are happy to make this contribution            For business owners, board members, managing
ster, Prof. Dr. Johannes Wessels, signed                 to ensure that companies are preserved            directors, executives, auditors and consultants
a cooperation agreement for the new                      for the future.”                                  who want to learn more about corporate valuation
certificate program “Company Succes-                                                                       methods used in business practice
sion – Succession Management in times                    The compact certificate program for the           www.hhl.de/unternehmensbewertung
of digital transformation” at the educa-                 holistic structuring of company succes-
tion center of IHK North Westphalia. The                 sion prepares successors for the upcom-           15–16 April 2021 | Leipzig
aim of the new program is to prepare                     ing changes, for their new tasks and              Leadership Communication Seminar
successors for the upcoming change                       supports companies on the path to a               For participants who want to sharpen their
of leadership in the company and at                      successful handover. In interactive semi-         understanding for convincing and successful
the same time to provide them with the                   nar concepts, participants not only learn         leadership communication
tools for the digital transformation of                  the basics on the topics of succession            www.hhl.de/fuehrungskommunikation
their companies.                                         management, family governance, cor-
                                                         porate management and digital trans-              22 April–17 December 2021 | Leipzig
In the IHK district North Westphalia                     formation in medium-sized companies,              Management & IT
alone, which covers the Münsterland                      but apply them to their own companies             For graduates and career changers who want to
and Emscher-Lippe regions, around                        together with the other participants. The         deepen their knowledge and develop necessary skills
35,000 companies are due to be                           content on the subject area of “Manage-           in the fields of management and IT
handed over within the next ten years.                   ment” is conducted by HHL, the subject            www.hhl.de/management-it
Prof. Dr. Stephan Stubner explains:                      area of “Digitization” by WWU. The cer-
“Handing over a company, that is often                   tificate program extends to 15 program            20–21 May 2021 | Leipzig
the lifetime achievement of a person, is                 days over a period of almost six months.          Negotiation Seminar
a special challenge. We are pleased that                 It can be done individually or in tandem          For participants who want to improve their ability to
HHL, with its expertise in management,                   (successor + entrepreneur). The pro-              master negotiations of any kind
is able to support entrepreneurs in this                 gram is scheduled to start next summer            www.hhl.de/negotiation
process. We prepare potential succes-                    at the IHK education center.
                                                                                                           6 May–8 November 2021 | Leipzig/Madrid
                                                                                                           Leadership for Experts in Medicine and Health Care
                                                                                                           For physicians and (prospective) managers from
                                                                                                           various healthcare sectors who want to deepen their
                                                                                                           management and leadership skills
                                                                                                           www.hhl.de/lmh

                                                                                                           4 June–27 November 2021 | Münster
                                                                                                           Company Succession
                                                                                                           For potential business successors and (senior)
                                                                                                           entrepreneurs of small and medium-sized companies
                                                                                                           in North Rhine Westphalia who want to successfully
                                                                                                           manage the succession within their company
                                                                                                           www.hhl.de/unternehmensnachfolge

                                                                                                           19 September 2021–5 February 2022 | Leipzig
                                                                                                           General Management Program
                                                                                                           For managers and senior leaders who want to deepen
                                                                                                           their management and leadership knowledge
                                                                                                           www.hhl.de/gmp
Signing of the cooperation. fltr: Dr. Fritz Jaeckel (MD IHK North Westphalia), Prof. Dr. Stephan Stubner
(Dean of HHL), Prof. Dr. Johannes Wessels (Dean at WWU Münster)
12       HHL NEWS              FALL 2020

  FACULTY & RESEARCH

Chair of Accounting and Auditing

2020: Capital market communication in Germany is required –
the pandemic forces us to rethink
The Chair of Accounting and ­Auditing                companies’ crisis management (meas-           Deutsche Telekom, as the winner of this
at HHL Leipzig Graduate School of Man-               ures, communication, risk management,         year’s competition and Investors’ Dar-
agement, in cooperation with man-                    etc.).                                        ling 2020, is currently overperforming
ager magazin and Bankhaus Metzler,                                                                 these expectations for transparent, sus-
awarded the Investors’ Darling – the best            The trend towards sustainability is           tainable and digital financial communi-
capital market strategist of the year –              stronger than ever. In this context, SAP      cation and is setting a best practice on
for the seventh time on 17 September                 SE was identified as a best practice          the German capital market in terms of
2020 in Hamburg. Capital market com-                 company in the competition, which is          financial communication.
munication is facing three decisive chal-            very successful in understanding sus-
lenges in the coming years, which can                tainability as an integral part of its own
be expressed in three key factors: trans-            business model.                                     https://live.manager-magazin.              Prof. Dr. Henning Zülch, holder of the Chair of
parency, sustainability and digitization.                                                                de/investorsdarling2020/                   Accounting and Auditing at HHL
Successful and credible companies will               In the future, digital communication
have to be measured against these three              will become a comparative competitive
terms in the future, particularly in terms           advantage: The quality of digital com-
of their communications.                             munication expressed in the presenta-            Aktuelle Herausforderungen
                                                     tion and availability of decision-relevant       Die Transformation der Kapitalmarktkommunikation hat drei wesentliche Treiber
Transparency in financial reporting is               company information on the compa-
more important than ever due to the                  ny’s website varies greatly on the Ger-
ongoing corona pandemic. Especially                  man capital market, depending on index
                                                                                                                        Die Corona-Pandemie und ihre
in these times, crisis communication is              membership. The companies listed on                          1     Auswirkungen auf das Unternehmen
becoming a critical success factor on                the DAX have a lead here over the com-
the capital market. How German listed                panies listed on the MDAX and SDAX.
firms are performing in their Corona                 In addition, too few companies in all
                                                                                                                                   Nachhaltigkeitsaspekte (ESG) in
crisis communication has been deter-                 indices make use of the opportunity to                                2       Reporting und Investor Relations
mined in a “Corona Score” analysis, spe-             channel their financial information via
cially developed for the Investors’ Dar-             social media. Consequently, the German
ling 2020 competition. This takes into               capital market is not yet fit for the digi-                                             Die Digitalisierung in der
account both the companies’ communi-                 talization trend in capital market com-                                          3      Kapitalmarktkommunikation
cation (through reporting and investor               munication. Companies need to invest
relations) and the analysts’ view of the             here.

Trends in corporate reporting,                                                                        The German Bundesliga clubs and
­communications and perception                                                                        their future: An outlook on the
 at the capital market                                                                                ­robustness of the clubs in times of
                                                                                                       COVID-19 (The HHL Bundesliga Study)
The Chair of Accounting and Auditing                 the capital market within their (cumu-           In cooperation with Odgers Berndt-
at HHL Leipzig Graduate School of Man-               lative) doctoral or post-doctoral stud-          son, HHL Leipzig Graduate School of
agement and the Chair of Communica-                  ies. During the one-day workshop, par-           Management has conducted an anal-
tions Management at the University of                ticipants had the opportunity to present         ysis of the robustness of clubs in the
Leipzig invited to the 6th RIC Confer-               and discuss current research projects            1st and 2nd Bundesliga on the basis of
ence on “Trends in Corporate Reporting,              in a constructive atmosphere. Further-           publicly available data on the market.
Communications and Perception at the                 more, the event helped to stimulate the          The study was published on 12 May
Capital Market” on 10 September 2020                 ongoing exchange between the par-                2020 and was able to stimulate the
at HHL. The aim of the one-day work-                 ticipants and to promote the constitu-           existing discussion in this field.
shop was to promote scientific research              tion of long-term research networks
on the frontiers between accounting,                 and research cooperations. At the same           According to this study, five clubs           tively) good financial condition over-
finance, and communication sciences.                 time, the cooperation between HHL and            had to be classified as flagged: Three        all. From a financial perspective, it is
The workshop was primarily aimed at                  the University of Leipzig in the field of        clubs from the first division and two         the most solid league in Europe.
doctoral and post-doctoral students                  financial market communication could             clubs from the second division. The
who are working on topics of commu-                  be further intensified.                          deficits are specifically due to ques-        But: In the future, the league’s cred-
nication and information processing at                                                                tionable indicators in the areas of           ibility must be enhanced through
                                                                                                      liquidity and/or solvency. In addition,       increased transparency. The German
                                                                                                      seven more clubs in the second divi-          Bundesliga can emerge stronger
                                                                                                      sion need to be reformed in the long          from the crisis thanks to its insti-
                                                                                                      term. The professional clubs show a           tutional set-up and its fundamen-
                                                                                                      need for professionalization, espe-           tal data, provided that appropri-
                                                                                                      cially in the areas of finance, manage-       ate reform measures are taken. The
                                                                                                      ment, and youth player development.           future actions of the clubs should
                                                                                                      Remarkably, the Bundesliga, espe-             be effective, innovative, transparent,
                                                                                                      cially the first division, has the most       and responsible, and should follow a
                                                                                                      diversified revenue mix compared              clearly defined club purpose.
                                                                                                      to the top leagues from Spain, Eng-
                                                                                                      land, Italy and France. This means:
                                                                                                      the dependence on TV contract rev-                    https://www.hhl.de/
                                                                                                      enues is not yet as pronounced as in                  app/uploads/2020/07/
                                                                                                      the other European top leagues. Per-                  Executive-Summary-
                                                                                                      sonnel expenses are also the lowest                   The-German-Bundes
                                                                                                      in a European comparison. The Bun-                    liga-Clubs-and-Their-Future.
                                                                                                      desliga is therefore in a (compara-                   pdf
Seminar participants from the University of Leipzig (Communication Management)
and HHL (Chair of Accounting and Auditing)
www.hhl.de                                                                                                                                    HHL NEWS           FALL 2020          13

                                                                                                                                                      FACULTY & RESEARCH

Chair of Business Psychology and Leadership

Fifth anniversary: New Leipzig Talents moves ahead
Every year in November, about 20 newly               coachee for more over six month, are         the program, and for the first time an      NLT coordinator at the Dr. Arend Oet-
enrolled MSc and MBA students join the               well-chosen professional coaches and         NLT alumnus has become a coach him-         ker Chair of Business Psychology and
New Leipzig Talents coaching program,                coaching experienced personalities           self. Ron Gabay studied design and          Leadership.
nicknamed NLT. With individual coach-                from business, culture and society, such     holds an MBA from HHL where he has
ing sessions and group workshops, it                 as from RB Leipzig, the gallery for con-     been an NLT coachee in 2016–2017.           In 2020 there was yet another reason to
opens up opportunities to broaden stu-               temporary art GfZK, a Zurich advertis-       Today he is Head of Innovation and Ven-     celebrate: New Leipzig Talents started
dents’ perspectives and personal skills.             ing agency and XING. They have been          ture Design at Joy Ventures in Tel Aviv.    cooperating with the BMW Group Plant
                                                     committed to supporting HHL students         Looking ahead, New Leipzig Talents          Leipzig as a new partner. “We are proud
Throughout the coaching period stu-                  on a voluntary basis for many years now.     aims to involve more NLT alumni in sup-     and thankful that in BMW we have a
dents also intensively reflect on what               Meanwhile, the number of coaches, who        porting young students at HHL. “This        partner on campus for whom regional
the Leipzig Leadership Model means for               support young personalities at HHL in        way New Leipzig Talents can contribute      integration and a leadership oriented
their own path with regard to leadership             the spirit of the New Leipzig Talents        to connecting academic generations          towards the common good is visibly an
oriented to the common good and key                  approach, continues to grow.                 and offer NLT alumni the opportunity to     important concern”, says Prof. Dr. Timo
professional competencies such as soci-                                                           gain experience as a coach themselves,      Meynhardt who supervises NLT together
etal mindfulness, entrepreneurial spirit,            On the occasion of its fifth anniversary     an ability which is becoming increas-       with Martina Beermann, Director Career
earning trustworthiness and self-reflec-             NLT has good reason to celebrate: Over       ingly important in professional life”,      Development.
tion. NLT coaches, who accompany the                 80 students have already gone through        comments Christina Stockmann-Zipfel,

Public Value Atlas Leipzig                                                                        Paving new ways in teaching:
The Public Value Atlas examines organ-               such a local setting, specifics of Leipzig   Responsible entrepreneurship
izations’ contribution to the Common
Good. It has been conducted both in
                                                     or to the ongoing corona crisis. When
                                                     asked about the effects of the corona
                                                                                                  for the common good
Switzerland and in Germany. In 2020,                 crisis, 60 out of 100 respondents said
the world’s first Public Value Atlas on a            that the common good had gained in           Sixteen students from HHL, fifteen          and pupils centered around issues like
city level has been conducted in Leipzig.            importance for them as a result of the       teenagers (between 14 and 16 years)         how to measure a start-up’s public value,
But why here? Leipzig is one of the most             corona crisis. All of them emphasize         from three schools in Leipzig, Dresden      how to transform HR policies or pub-
dynamic cities in Germany. For centu-                that companies must pay more atten-          and Sebnitz, two start-ups, two guest       lic value-oriented innovation. While the
ries, civic and entrepreneurial thinking             tion to morals. As Prof. Dr. Timo Mey-       speakers and almost countless ideas         students’ professional skills and expe-
for the common good have shaped the                  nhardt sums it up: “The city’s current       came together in the brand-new semi-        rience facilitated access to the seminar,
city’s mentality.                                    growth dynamic is also reflected in the      nar “Responsible Entrepreneurship for       the pupils enriched the group works
                                                     Public Value Atlas. The basic optimism       the Common Good”, kindly supported          with a new, sometimes more unbiased
Consequently, Leipzig has international              of Leipzig’s population is a pound with      by the Peter Curtius foundation. The        perspective. In addition to the compre-
standing regarding innovative develop-               which to grow. The future of all players     overall aim: Discussing day2day impli-      hensive appreciation and joy about the
ments in business, culture, education                in the city will depend decisively on how    cations of a public value-oriented busi-    results achieved, all partners declared
and sports.                                          they demonstrate their relevance to          ness models for real start-ups. The chal-   themselves willing to participate in the
                                                     the common good on the ground and,           lenges were posed by “besser zuhause”       seminar again in the upcoming academic
As in the previous surveys at the federal            in particular, how they get involved in      and MOIO, two winners of the EY Public      year. “It is amazing to see how students
level, the frontrunners consist of public            their core tasks for the benefit of Leip-    Value Award for start-ups.                  take care of the ‘younger brothers and
institutions and associations. On aver-              zig. There is no right to neglect the com-                                               sisters’ and how the latter are able to
age, Leipzig’s citizens rate their organi-           mon good. Only together can we grow          The kick-off event for the seminar took     contribute to an academic seminar. A key
zations significantly higher than the fed-           meaningfully.”                               place in Winter 2020 at HHL’s premises,     insight: teaching is to provide a challeng-
eral population. This could be attributed                                                         the actual seminar took place in Summer     ing context, to empower and to trust in
to the higher subjective proximity in                      www.gemeinwohlatlas.de                 via MS Teams. The discussions in the ple-   young people”, says Prof. Dr. Timo Meyn-
                                                                                                  nary or the six mixed groups of students    hardt, co-lecturer of this seminar.

Chair of Digital Innovation and Service Industries

Science meets practice: LF Group sponsors new Professorship
for digital innovation in service industries at HHL
HHL established a new professorship                  growth and provision of digitally ena-       cess towards digitalization and how they
and is proud to announce that Prof. Dr.              bled services and business models.           can be taken along the journey”, Prof.
Claudia Lehmann has accepted her first                                                            Dr. Claudia Lehmann says.
professorship for digital innovation in              The transfer of research results into
service industries. As HHL’s first pro-              practice is of particular importance:        The application and training of agile
fessorship in this field, the objective of           The professorship is intended to help        management tools, the development
the “LF Group Professorship for Digi-
tal Innovation in Service Industries” is
to develop methods and tools for the
                                                     German companies in the service sec-
                                                     tor to discover and use digitization for
                                                     themselves. It will thus form an impor-
                                                                                                  of digital competencies and the net-
                                                                                                  worked collaboration of diverse teams
                                                                                                  are at the center of her teaching meth-
                                                                                                                                                   “
                                                                                                                                                   Our goal is to develop
                                                     tant interface between research and          ods. Asking Prof. Dr. Claudia Lehmann            services that would not
                                                     practice.                                    what is essential when it comes to col-
                                                                                                                                                   have been conceivable
                                                                                                  laboration with companies and organi-
                                                                                                                                                   without new technologies.
                                                     “Digitalization is changing markets and      zations, she states: “From my point of
                                                     customer needs and competition is            view interactive communication across            Prof. Dr. Claudia Lehmann
                                                     becoming fiercer – especially for Ger-       diverse disciplines and backgrounds is
                                                     man small and medium sized compa-            the key to form innovation competence       gram which involves employees, across
                                                     nies. Our goal is to develop services that   for service engineering.”                   the globe, and various idea channels
                                                     would not have been conceivably with-                                                    in the innovation process to prioritize,
                                                     out new technologies. And we are going       Prof. Dr. Claudia Lehmann and her team      select and implement innovation in a
                                                     one step further: we are also creating the   are working on different projects with      more sustainable way.
Signing the contract for the LF Group Professor-     appropriate business models for these        over 33 companies. In one of the latest
ship for digital innovation in service industries:   new services. I am particularly interested   projects with Dr. Oetker, a student team    For more information please follow:
Markus Rosenbaum (Managing Director LF Group),
Prof. Dr. Stephan Stubner (Dean at HHL),
                                                     in the question of how employees can be      created together with Prof. Dr. Claudia
Dr. Marcus Kölling (Chancellor at HHL)               integrated into the transformation pro-      Lehmann an idea and innovation pro-               www.hhl.de/blog/
You can also read