Dear reader,
Welcome to SIMT's November email newsletter. In this edition you will find a summary of the SIMT symposium in October, information on SIMT Management Development Programs, a portrait of a SIMT MBA graduate as well as on upcoming SIMT events.
This newsletter provides you with information on recent developments at SIMT, new programs, events and all other news. Thank you for subscribing to our free bimonthly information service.
Best regards,
SIMT Public Relations and Marketing Team
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SIMT Newsletter | November 2005
******************************************************************** I. | | Summary of the Symposium on October 10, 2005 | II. | | SIMT Leadership Excellence Program to be started in January 2006 | III. | | A Story of Success: The SIMT Management Education Network | IV. | | SIMT MBA Graduate Portrait: Henry Zhu | V. | | Upcoming Events |
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I. Summary of the Symposium "Challenge Central and Eastern Europe - Consequences for the German Business" on October 10, 2005
Prof. J. Menno Harms and Dr. Bernhard Seitz  | |  | Reception at SIMT | | Keynote speakers at the SIMT press conference |
The symposium "Challenge Central and Eastern Europe - Consequences for the German Business" on the 10th of October was a very successful event. The speeches of the symposium and the discussion with Prof. Dr. h. c. Lothar Späth enjoyed wide spread interest. The evening get-together brought the possibility for many valuable contacts to be made. With many participants being CEOs, Managing Directors and Division Managers of important companies the guest list was impressive.
On the one hand the goal of the symposium was to show the chances and risks of the growing regions in Central and Eastern Europe. On the other hand it was focused on the excellent opportunities of the international business school SIMT in this context.
The speeches of the symposium show that the Central and Eastern European markets are still growing. BayernLB will continue to expand their business in Eastern Europe through acquisitions. The Committee on Eastern European Economic Relations refers to impressive export figures. The M+W Zander Group prognoses an increasing need for consulting, construction and modernizing of technical facilities on the one hand (Facility Engineering) and also a growing demand for facilities and buildings (Facility Management). Behr Czech predicts a volume of production of more than 1.5 million vehicles in the next few years regarding the automobile market in the Czech Republic and Slovakia. The GFT Group expands their production model, which is known among experts as "Nearshore and Offshore Sourcing", continuously in Central and Eastern Europe.
It is no question: especially on the markets in Central and Eastern Europe the quality of the employees play a key role.
We need highly motivated and well-educated employers, who know and are able to implement up-to-date economical processes like product development, production, marketing, sales and quality management on site.
It is also important to be familiar with the national language and to know the cultural, political and legal frameworks.
The past experiences with students from Central and Eastern Europe are overall positive. At SIMT many highly qualified candidates especially from Russia, Bulgaria, Rumania, Poland, the Ukraine, Hungary and Czech Republic study for an MBA degree. These candidates have decided to study at SIMT mainly because of the region Stuttgart and the partnerships SIMT has with the industry.
The job chances of the today's SIMT students from Central and Eastern Europe at German companies are excellent.
Several companies, which are part of the SIMT Board of Trustees, are very active in these new fast growing markets. Also other partner companies of SIMT, who use SIMT as a corporate university to train their managers and junior managers, are busy in Central and Eastern Europe.
In view of the high importance of the topic of the symposium the SIMT plans new, with attractive content, customer orientated programs with a clear focus on the regions in Central and Eastern Europe, to boost the SIMT as an elite school for managers responsible for Central and Eastern Europe.
Next year we already want to integrate Eastern European elements in the existing programs. The program development of Eastern European specific programs will require one to two years.
Furthermore SIMT plans targeted interactions with industry in selected Central and Eastern European countries. We also want to setup an Eastern Europe Consulting Committee to develop the customer orientated Eastern Europe programs and Eastern Europe specific MBA program elements.
In 2006 a first marketing offensive with emphases on Sofia, Prague and Budapest in cooperation with the companies represented in the SIMT Board of Trustees is planned.
The complete summary with all speeches can be downloaded on the SIMT website.
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II. SIMT Leadership Excellence Program to be started in January 2006 SIMT launches a new program focusing on leadership skills. The Leadership Excellence Program (6-days training program over approx. 12 months) is an effective way to turn managers into strategy orientated and social competent leaders. The first modul in German is to be started in January 2006. In May 2006 the English modul will begin. The approved combination of action-learning-elements, training moduls, reflection/peer coaching and individual feedback loops will encourage leadership competencies. First a 360°-feedback, Myers Briggs Typenindikator (MBTI®) and Cultural Orientation Indicator (COI®) define the individual development plans. In the following 12 months the participants put their personal leadership vision into action. At the end of the Leadership Excellence Program they reflect on their development. The second 360°-feedback provides a measureable feedback of the changed leadership style. The Lecturers are coachs and consultants of Change International Ltd.. | |
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III. A Story of Success: Management Education Network
The SIMT Management Education Network (MEN) is growing and growing. Two new companies joined the second network: Lapp Holding AG and LGI Logistics Group International GmbH. The Management Education Network was launched successfully in 2002. The first MEN is a network of six companies based in the Stuttgart region: Alcatel, Behr, Dürr, Festo, MAHLE and TRUMPF. In 2003 the second MEN started with the following companies: Kärcher and Freudenberg. The companies Fischerwerke, Kern-Liebers, Leitz and Schuler became part of the second MEN in 2004. Some of the partcipating companies are world market leader in their field of business.
The network focuses on state-of-the-art executive education. The curricula for the courses are developed by SIMT and the companies in a professional partnership. SIMT's corporate Executive programs take each company's unique characteristics, environment and strategies into close consideration. As a result, the program is clearly focused on the specific needs of the individual organization and becomes a crucial factor for its sustainable success.
MEN Topics are: Strategic Management and Globalization, Innovation Management, Organizational Development, Managing in the Supply Chain, Finance and Accounting, Managing Strategic Change.
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IV. SIMT MBA Graduate Portrait: Henry Zhu Henry Zhu is 29 years old and studied at Shanghai Jiao Tong University (China) Engineering Polymer Material Science and Engineering. In 2002 Mr. Zhu graduated with an MBA degree in Management Information Systems from SIMT. Henry Zhu gives an insight in his SIMT experience and how his career has improved since then in China. | |  |
My career started as an engineer with a major company in China. I was providing technical support services to customers. In this position the career perspective was not good at all, therefore I decided to pursue an MBA at SIMT. The choice for SIMT was an easy one, especially because of the first-class MBA program offered. The best elements of the MBA program are the high standard of the classes, close contacts to worldknown German companies and the mixture of many different nationalities and cultures of the student body.
This extraordinary mix of backgrounds and cultures of the other students benefited me in the sense that my perspective was internationalized. Now I feel comfortable in dealing with foreign business partners and customers. Thanks to SIMT's close contacts to the industry I got the opportunity to do an internship at the DaimlerChrysler IT Management Department. The knowledge and hands-on experience I gained increased my skills and capabilities. It also made me more self-confident.
The SIMT degree helped to develop my career significantly. Through the MBA I was able to get a position as software project manager in Shanghai. Now I benefit from the knowledge I learned at SIMT. Courses such as project management methods, organizational behavior and IT-management help me to perform good in my current job. Needless to say, in my job I benefit from the soft skills learned at SIMT, like team work and communication.
I for myself can say, it's really worth investing the time and money on SIMT MBA program, because the return on investments is obvious. I can only recommend SIMT because the business school provides its students with high quality education, close contacts to the German industry, international learning atmosphere and a global alumni network, and all of these points will be beneficial to SIMT graduates.
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V. Upcoming Events
SIMT Info Session
Once a month SIMT opens its doors in Stuttgart to everyone interested in the MBA program - full-time, career-integrated and part-time MBA.
Next Date: Wednesday, November 30, 6.00 p.m.
The MBA courses are taught in English. SIMT students benefit from close partnerships with renowned global companies and universities worldwide.
Event Venue: SIMT, Filderhauptstrasse 142, 70599 Stuttgart
 e-mail us to register for this event
Hobsons Recruiting fair "Absolventenkongress"
SIMT will attend the Hobsons recruiting fair "Absolventenkongress" in Cologne on November 23-24, which is the biggest recruiting fair in Germany. Use the opportunity to get in touch with SIMT representatives and Alumni. They will answer all your questions on the SIMT MBA programs individually.
More information on the recruiting fair: www.absolventenkongress.de
Wissensfabrik Deutschland
The Wissensfabrik combines nine German companies with different sizes and from several branches. The initative wants to call attention to the future and contribute in turning German into the world market leader for knowledge. The founders of the Wissensfabrik - BASF, Bosch, fischer, Follmann, KSB, ThyssenKrupp, TRUMPF, Voith und Wall - want to activate further 100 companies to participate.
On December 1, 2005 the members of the Wissensfabrik Deutschland will meet at SIMT.
More detailed information: www.wissensfabrik-deutschland.de
Kiel Institute for World Economics
On January 30, 2006 SIMT hosts a high-ranked symposium of the Kiel Institiute for World Economics on the topic "Subventionen in Deutschland: Sackgasse oder Ausweg für ein Hocheinkommensland in der globalen Arbeitsteilung?"
More detailed information: www.uni-kiel.de/ifw/ifwinfo_e.htm
More detailed information on the SIMT events.
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