Further education during career transition for executives

Whether they choose to or not, at one time or another, all executives will find themselves leaving their existing job and taking on a new professional challenge. Anyone leaving their old job and looking for a suitable executive role is suddenly faced with the prospect of examining their own personality and their professional capabilities, and asking the question: “where do I actually want to end up?”. However, the transitional phase between two jobs can and should be used for further personal and professional development.

Personal development and expanding your network

Long-time executives who deliberately decide to give up their current job and devote themselves to a new task tend to undergo a lot of self-reflection before handing in their notice. They have usually got to a stage where they realize they are no longer satisfied at their current company or are hampered in their further development. Conversely, if a termination is effected by the company, executives face a sudden need to reorient themselves.

In both cases it makes sense to use the time between jobs productively – not only to engage in personal development, but also to expand your own personal network. Both of these are useful exercises regardless of whether you have already landed your next job or are still looking for the right role.

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These are the questions you should be asking when searching for the right role in senior management:

What is my untapped potential and how can I be sure to deploy it in future?

  1. How do I evaluate my own management style and how does this compare to my employees’ assessment of me? How can I get objective feedback about my management style?
  2. Which of my skills should I expand, which leadership gaps do I need to close in order to anticipate change processes and boost my personal performance (and that of my co-workers) across departments?
  3. Am I an executive who is equipped with the relevant skills for the age of digital transformation? How should I raise my profile?
  4. Is my management of my company up-to-date in terms of current development processes?

It is often difficult to answer these questions in detail and satisfactorily without external feedback. At the same time, executives should make the most of any professional transitional phases to confront these – sometimes uncomfortable – questions before they lose sight of them in the cut and thrust of everyday life.

As an executive between two jobs – use the time for personal development

One option that assists both personal (and professional) development as well as expanding one’s own network is further professional development. In particular, providers of “Executive Education” specialize in offering suitable professional development opportunities geared toward experienced executives. “Advanced” or “Executive” Management programs are less about acquiring more basic knowledge. Instead, these training courses provide a favorable framework that inspires self-reflection, where new ideas can be tested in a protected space, and that fosters an in-depth interaction on an equal footing with other participants to expand your own network. Additionally, executives naturally also benefit from updating their professional knowledge.

Most Executive Education courses for experienced executives are split into subject areas that focus on preparing you for top management roles or support you in performing such a role: for example transformation processes in companies, strategic challenges, or authentic management. Network expansion happens almost automatically because these intensive education programs are based on the “sparring” principle: tutors see themselves not only as learning partners on equal footing, but they also facilitate interaction and sparring between the participants.

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Executive Program for Senior Professionals

A framework with the “sparring” principle is provided by the Advanced Management for Senior Professionals Program as part of the Executive Education offering at the WHU – Otto Beisheim School of Management. In two three-day sessions, participants from senior management are given the opportunity to reflect on their own perspectives and to develop new approaches for the challenges of the future.

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Take a step out of everyday life: time for social responsibility

Sometimes it is time to leave old, well-trodden pathways behind and strike out in a new direction. This does not necessarily mean neglecting your professional goals or career, but it can breathe some new life into existing patterns and structures of thinking. As an executive, use the opportunity to take on some social responsibility. This can go hand-in-hand with personal (professional) development because there are Executive Education courses that unite the two. One example is the General Management Plus Program from WHU, which combines setting up a social business with true entrepreneurial spirit. Participants in this program refresh their knowledge in the field of General Management and at the same time develop their own business model in an emerging economy in Asia.

sanity imageDr. Rebecca Winkelmann, Managing Director WHU Executive Education

About the author

Dr. Rebecca Winkelmann is Managing Director of the Executive Education at the WHU – Otto Beisheim School of Management. With a total of over 15 years’ experience in management of higher education institutions, Rebecca has been supporting individual executives and entire organizations in the field of “Personal Development” for seven years, and she develops Executive Education programs.

About WHU Executive Education

WHU – Otto Beisheim School of Management is a privately financed, state-recognized business school with university status based in Düsseldorf and Vallendar. It was established in 1984 and today enjoys a strong reputation in Germany and abroad. WHU Executive Education offers first rate Executive Education programs for high potentials and executives at middle and senior management levels. Our portfolio contains tailor-made programs for companies, open programs (including Leadership, Advanced Management, General Management, Finance, Venture Capital) for individuals and small groups as well as conferences.

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WHU Negotiations expert Professor Dr. Lutz Kaufmann comments on Brexit negotiations

On Tuesday, January 15, 2019, the British Parliament voted against Theresa May´s deal to leave the European Union. Negotiation expert Professor Dr. Lutz Kaufmann comments on the current situation:

"While the news are dominated by the main protagonists at the negotiations table, Theresa May and Jean-Claude Juncker, the main complication lies in the many many many “back tables”. On the British side, it is of course the Brexiteers, different factions in May’s party and in parliament in general, Ireland, Scotland… But also on the EU side, one must always be aware that single countries who are playing with the idea of also leaving the EU watch the current case very closely. There are also elections for the EU parliament coming up in Spring. These elections will of course have huge national implications. Therefore, there are as many back tables as there are complicated technical/legal issues to be solved. It is probably the most difficult political negotiation during our time. Now, more than for any other negotiation two guiding principles should be followed: ´don’t judge too quickly` and ´never stop negotiating`."

January 18, 2018

Professor Dr. Lutz Kaufmann is Professor of International Business & Supply Management at WHU. He is an expert in negotiations and teaches in WHU's Negotiations Program for managers and executives.


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Future of Finance: Official launch of CIMA Center at WHU Campus Düsseldorf

On December 5, 2018 the CIMA Center at WHU Campus Düsseldorf will be officially opened. The agenda includes a keynote by CIMA president Steve Swientozielskyj and a panel discussion on the future of finance with senior finance professionals.

The Chartered Institute of Management Accountants (CIMA), the world’s leading, largest professional body of management accountants, and the Institute of Management Accounting and Control (IMC) of WHU – Otto Beisheim School of Management have decided to combine forces to promote and elevate competencies and profession of management accountants in Germany and to cooperate in the field of research, offering and delivering study programs, courses and events.

We cordially invite you to the official launch of the CIMA - Center at WHU Campus Düsseldorf. The event will take place on December 5, 2018 | 9.00-13.00 | WHU - Otto Beisheim School of Management, Campus Düsseldorf, Germany.

On December 5, 2018 the CIMA president Steve Swientozielskyj will give a keynote speech, we will moderate a panel discussion on the future of finance with senior finance professionals and officially launch the CIMA - Center at WHU – Otto Beisheim School of Management in Düsseldorf, a platform to meet, network and debate. This will also be a great opportunity to hear about plans for CIMA development in Germany.

To learn more about and register for the event, please visit: Book now

Agenda:


8-9.00 – Small breakfast for early arrivals

9-9.10 – Welcome address:

Jakub Bejnarowicz, Associate Director, Europe, Association of International Certified Professional Accountants
Prof. Dr. Utz Schäffer, Director, Institute of Management Accounting and Control (IMC)

9.10-10.25 – Keynote Speech:

Steve Swientozielskyj FCMA, CGMA, CIMA President
Dr. Nils Kaschner, CFO, AXA Deutschland
Wolfgang Zellerhoff, Head of Accounting & Controlling, Covestro AG

10.25-10.45 – Coffee break
10.45-12:10 – Moderated panel discussion: Competencies of the future and Q&A session:

Moderator: Jakub Bejnarowicz
Mark Benedickter, Senior Finance Director (IMO Projects), Konecranes
Tina Herud, Accounting Manager Germany, Luxoft
Dr. Nils Kaschner, CFO, AXA Deutschland
Prof. Dr. Utz Schäffer
Steve Swientozielskyj FCMA, CGMA, CIMA President
Wolfgang Zellerhoff, Covestro AG

12.10-12.25 – Ribbon cutting ceremony – CIMA Centre opening
12.25- 13.30 – Lunch

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Renowned speakers talk at the Campus for Corporate Transformation conference

The WHU Executive Education Department at WHU – Otto Beisheim School of Management hosted the first Campus for Corporate Transformation on September 26 at the campus in Düsseldorf. At the event, high-ranking speakers in positions of leadership shared their experiences on the topic of “Digital Transformation: Perspectives from the Top” with around 100 attendees.

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sanity imageParticipants during Q&A

“We are delighted to welcome prominent leaders from the German business community to this new conference format at WHU. The Campus for Corporate Transformation offers practical insights into implementing digital strategies at the top management level across a very wide variety of industries,” said Professor Dr. Serden Ozcan, Academic Director of the Executive Education Department and Chairholder for Innovation and Corporate Transformation at WHU, in welcoming participants.

sanity imageMaximilian Viessmann

From the CEO’s point of view, understanding digital transformation lies in segmentation of management and demarcation of traditional strategies. In his remarks, Friedrich Joussen, CEO of the TUI Group, explained that TUI has turned its focus to economies of scale as part of the digital transformation and is tailoring its core competency to mass individualization. To achieve this, he pointed out, it is essential to work with cloud systems, outsource data to decentralized databases and analyze these data on an individualized basis. Speaking for the energy industry, Maximilian Viessmann, Group CEO at Viessmann, added that digitalization also affects a company’s cultural environment and must be applied not just at a technical level but also at a personal level as well.

sanity imageChristopher Delbrück

Lothar Harings, Chief Human Resources Officer at Kühne + Nagel, followed up on the previous speaker’s remarks and clarified the need to promote digital talent and create a suitable tech culture. From the HR manager’s point of view, transformation means change that begins with management itself and is not dictated from above. Mike Zöller, consultant and partner at Andersch AG, highlighted the positive effects of the digital transformation, such as the creation of new jobs and the use of new, pioneering technologies and infrastructures.

From a financial perspective, the digital transformation calls for increasing levels of standardization in all divisions and investment in digitalization strategies that contribute value. Two CFOs, Dr. Yorck Schmidt and Christopher Delbrück, confirmed that new skills are being integrated into finance departments, with traditional work processes converting over to automated and app-based services.

sanity imagePodium discussion

The speakers’ remarks were followed by a stimulating podium discussion moderated by Dr. Peter Kreutter, Director of the WHU Foundation. “This year, the WHU Campus for Corporate Transformation celebrated its premiere in this format, and we are very proud of the outstanding response of the conference.” With these words, Professor Dr. Stefan Spinler, Director of the Kühne Institute for Logistics Management at WHU, summarized this year’s conference. The one-day event was organized by WHU professors Serden Ozcan and Stefan Spinler and carried out by WHU Executive Education in cooperation with Handelsblatt.

The next Campus for Corporate Transformation will take place on September 25, 2018 in Düsseldorf.

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New: Management for non-profit executives

A five-day Executive Education Program will take place in September 2018

In cooperation with Deutsche StiftungsAkademie gGmbH (DSA), WHU – Otto Beisheim School of Management is offering a special Management Program for Non-Profit Executives [„Management Programm für Non-Profit Führungskräfte“] for the first time in fall 2018. The aim of the five-day Executive Education Program is to systematically expand participants’ strategic toolkit, offer them fresh ideas and open up networks to qualify them for a possible next step in their development in the non-profit setting.

The non-profit sector is undergoing far-reaching change – triggered not only by digitalization and internationalization but also by social innovation and an increase in underlying entrepreneurial attitude. Dr. Andrea Rudolph, Managing Director of DSA, sees a need for action here: “At DSA, we want to systematically address managers’ related training needs. The expertise and the network in these thematic areas make WHU an ideal strategic partner for us.”

The Executive Education Program specifically addresses the organizational, financial and legal framework conditions of non-profit organizations. The team of lecturers has been specifically recruited from academia, from among experienced coaches for the third sector, and from among selected practitioners in the foundation sector. From among the academic lecturers, among others, Professor Dr. Christian Schlereth, Chairholder in Digital Marketing at WHU, and Professor Dr. Georg Stadtmann, Chair of Economics, in particular Economic Theory (Macroeconomics), European University Viadrina, Frankfurt (Oder), provide learning sessions to participants in questions of digitalization and behavioral finance. Two experienced coaches are on board for issues in leadership and agile methods: Nicole Dufft, fibonacci & friends; and Tobias Leipprand of Mercator LEAD. Uta-Micaela Dürig, Chief Executive Officer of the Robert Bosch Stiftung, and Dr. Carsten Rübsaamen, CEO & Co-Founder BOOKBRIDGE, round out the training portfolio with case studies on the strategic transformation of foundations and social entrepreneurship.

The Management Program for Non-Profit Executives will be held from September 17 to 21, 2018, at the WHU Campus in Düsseldorf. The target groups for the program are executives and top talents from the foundation and non-profit sector with at least five years of leadership experience.

More information about the program.

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