Dear Reader,

Welcome to the July edition of the SIMT newsletter.This newsletter provides you with information on recent and upcoming events at SIMT, new programs and other interesting news.

Best regards,

SIMT Business School

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SIMT JULY 2006 NEWSLETTER

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Contents

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I. Recent Events

INDIAN DELEGATION FORUM: THE NEW SIMT - PARTNERSHIP WITH INDIA

On Wednesday 12th July SIMT held a forum on the topic of advanced education for success within India. The special guest for this event was Professor K. S. Subramanian, Director of the Symbiosis Centre for Management and Human Resource Development (SCMHRD), Puna, representing the Symbiosis Group. Over 50 guests attended the event, which included speeches by Prof. Subramanian as well as Mr. Andreas Lapp, Honorary Consul of India for Baden-Württemberg and Rheinland-Pflaz and Chairman of the Executive Board of Lapp Holding AG, Stuttgart, Minister Ernst Pfister MdL, Minister of Economic Affairs of the State of Baden-Württemberg, Prof. Dr.-Ing. Berthold Leibinger, Chairman of the Supervisory Board of TRUMPF Group, Ditzingen, and Prof. Dr.-Ing. Dieter Fritsch, Chairman of the SIMT Board of Trustees and Rector of Universität Stuttgart.

SIMT has now entered a cooperation agreement with SCMHRD, which will result in several exchange programs between SIMT and SCMHRD as well as the development of new joint programs such as International MBA Programs offered in Stuttgart, Puna, Dubai and Singapore.

Professor K.S. Subramanian (left) and Professor Dr. Karl-Friedrich Ackermann signing the cooperation agreement

Mr. Andreas Lapp, Honorary Consul of India for Baden-Württemberg and Rheinland-Pflaz and Chairman of the Executive Board of Lapp Holding AG, Stuttgart

Minister Ernst Pfister MdL, Minister of Economic Affairs of the State of Baden-Württemberg

Prof. Dr.-Ing. Berthold Leibinger, Chairman of the Supervisory Board of TRUMPF Group, Ditzingen

SIMT DISCUSSIONS WITH MALAYSIA

Professor Dr. Karl-Friedrich Ackermann (2nd from right) with the Ambassador of Malaysia, His Excellency Dato' Kamal Ismaun (3rd from right), Sentaor e.h. Dato' Dr. Helmut Baur, Hon Consul General of Malaysia in Stuttgart, CEO of Binder Optik AG and Member of the SIMT Board of Governors (right) and representatives of Malaysian governmental institutions 

On 27th June 2006, Professor Karl-Friedrich Ackermann, the Managing Director of SIMT, held discussions with the Ambassador of Malaysia, His Excellency Dato ' Kamal Ismaun, and representatives of Malaysian companies involved in the investment and promotion of economic development. Consequently, SIMT will receive a recommendation from the government of Malaysia. At present, the foreign office of Malaysia sends about 800 students with government scholarships to Germany each year.

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II. News in Brief

STUTTGART AIRPORT BANNER

The next time you are at Stuttgart Airport look out for the SIMT Banner! From 15 July SIMT has a banner at Stuttgart Airport in Terminal 1 with the slogan "Be part of a truly international experience".

STUDENT PROJECTS

Each year the SIMT MBA Students complete their course of study with the Student Project. These projects are the capstone of the SIMT MBA Program and challenge the students to integrate aspects of management theory and practice, to analyze key issues posed by the host company and to develop a sound and original action plan. This year the companies involved are Philips Medical Systems, DaimlerChrysler, Straehle & Hess, Remondis, Dekra, Hexal Sandoz, TRW and Mahle. The topics covered include market analysis, hedging and analysis of future trends.

SIMT IN PERSONALWIRTSCHAFT MAGAZINE

An article which examines "Corporate University for medium-sized companies" using the example of Kärcher and SIMT, features in a recent issue of the human resource magazine 'Personalwirtschaft' (06/2006). The article looks at the development of top-class executive personnel for medium-size companies. The electronic version of this article is available (in German) at http://www.uni-simt.de/SIMT_in_the_news.119.0.html.

MBA APPLICATIONS FOR 2006

The closing dates for applications for the 2006 SIMT MBA Programs are approaching fast. The official deadline for applications for the full-time program is 31st July and for the part-time and career-integrated programs, 15th August. All programs start in September 2006. For more information please contact SIMT via our online form at http://www.simt.de/Admission_Qualifications.amiqualified.0.html, by direct email to info(at)uni-simt.de or Telephone 0711/45 10 01-10

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III. SIMT GRADUATE PROFILE: JONG WOO LEE MBA CLASS 2006

This month we speak with Jong Woo Lee, a 2006 SIMT graduate of the Full-time MBA Program, with a concentration in Technology and Innovation Management, about his experiences at SIMT and where he is now.

1.What was your job/career situation when you decided to pursue an MBA?

I worked for LG (Electronics) in Korea and Asia/Pacific for more than 7 years before coming to Germany in 2004. I was a senior consultant for diverse industries with major specialties in business strategy, process innovation and knowledge management. An MBA was a perfect opportunity to gain general business perspectives as well as international experience which I considered as essential elements to my career goal of becoming a global professional manager in 5 years.

2. Why did you choose SIMT?

Firstly, Germany is a major player in the EU in terms of economic impact so by studying in Germany I hoped to gain better understanding of Europe and it's world leading economies and companies. Secondly, a European MBA had more value to me as there were more U.S. based MBAs in the market and I considered my personal market value and identity to be better served through a German MBA. In addition, in terms of ROI, SIMT is very competitive compared with U.S. business schools. Thirdly, SIMT is located in Stuttgart, a heart of German industry with many global companies such as DaimlerChrysler, Bosch, Porsche, Hugo Boss, etc based there. Other major players such as BASF, BMW, EADS, and SAP are all within 2 hours of Stuttgart . For an MBA, SIMT's strong practical business relationships made it the best location in Europe. Last but not the least, the international student environment was very attractive. SIMT had more than 90% International students when I applied and I believed this true international environment would give me best opportunity to gain knowledge of the diverse cultural and business differences which I would need for a global career.

3. What are the best elements in the SIMT MBA program in your opinion?

Practical experiences from a theoretical framework into real business environment. My experience of working for more than 16 months for Bosch in a 'Praktikum' was very beneficial to my understanding of how German business people and companies operate. In addition, for my master's thesis I worked with BASF for 6 months, working closely with the marketing team . For me the most valuable element of the SIMT MBA was the 'learning by doing' that I achieved working for these successful German companies .

4. Was the mix of backgrounds and cultures of the students beneficial and, if so, how?

At SIMT I met professors and students from over 30 countries. We shared time together in classes, projects, company visits, parties, and sporting activities. Now I can understand what those 30 different gestures, expressions, and perspectives mean and this is the unique benefit of studying at such an international business school.

5. How has the SIMT MBA helped in the development of your career?

My SIMT MBA helped me get interview opportunities from major global companies. It helped me to get a new job with more authority and responsibilities. I now work for a German company in the renewable energy industry in the Korean Office as a sales/marketing director, VP. I believe my SIMT MBA increased my market value as a global manager by giving me better business perspectives and management skills with my international team members and customers.

6. What did you learn that is important for your current job?

I learned general perspectives and understanding of value chains, functionalities and processes which helps me to make better strategic decisions. I also learned how to communicate effectively with people and companies of different business and cultural backgrounds.

7. How would you sum up the experience of studying at the SIMT?

SIMT doesn?t give the solutions to its students. But for students who want to achieve personal goals and success in a competitive global market by themselves, SIMT provides learning opportunities within an excellent business environment. If you need a chauffeur, choose your Business School by looking at a " TOP 10 business schools in the world " list. If you want to drive your own sports car, then I would gladly recommend a SIMT MBA as a drivers? license.

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IV. Upcoming Events

SIMT SYMPOSIUM

On Monday 9th October 2006 the annual SIMT Symposium of the Board of Governors will be held in Heidenheim. The topic will be "Global competition - growth and employment in Baden-Württemberg". This event will be attended by around 80 participants from industry and economy. For more information on this event please contact Mr Peter Greulich: Telephone 0711/45 10 01 29 or Email greulich(at)uni-simt.de

NEXT LEADERSHIP EXCELLENCE PROGRAM DATES

In May 2006 the first  "Leadership Excellence Program" took place. The program had a strong international participant field and was given a good evaluation by these participants. From 24-27 October 2006 the next "Leadership Excellence Program" will take place. The instruction language will be German and a prerequisite for participation is leadership experience in middle or upper management. The course sizes are a maximum of 14 participants. If you are interested in this program further information is available from Ms. Simone Marhenke :Telephone 0711/45 10 01-21 or E-Mail marhenke(at)uni-simt.de 

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