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Program Booklet 2016

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Program Booklet 2016 Welcome Dear Summer School Students, First of all, we would like to warmly welcome you to Stuttgart and especially to the University of Hohenheim. We are very happy to have you here and look very much forward to an intensive and inspiring experience. In our Summer School, a small group of students will meet with experts in corporate finance, entrepreneurship, venture capital, innovation theory and management as well as risk management and econometrics. We offer you a three and a half weeks comprehensive learning experience and deliver insights into economics, management and financing of innovations and the link of the respective concepts to entrepreneurial behavior and the creation and financing of innovative new companies. You will find a stimulating combination of academic education and practical experience to connect you with the thriving industry and culture in the region: High-quality teaching by renowned professors from the University of Hohenheim. Attractive industry program which offers insights into the management and structure of globally active companies as well as start-up companies located in the region, for instance, Daimler (Mercedes-Benz), Porsche, BioRN Cluster Management GmbH, European Patent Office, Stuttgart Stock Exchange, Simpleshow, Startup Campus Stuttgart and the Ministry of Finance and Economics of the Federal State Baden-Württemberg. An exciting cultural and leisure program including visits to Heidelberg, Munich and the medieval city Tübingen. We hope you will enjoy your stay here at Hohenheim. And of course, we also hope that you will become a friend and future ambassador of our University! Kind regards, Prof. Dr. Dirk Hachmeister Jan Heidemanns Dean, Faculty of Business, Economics International Office, Faculty of Business and Social Sciences Economics and Social Sciences Summer School – Program Lectures in Hohenheim Industry Program Culture Program CW 26: June 30th – July 3rd, 2016 MON 27.6. TUES 28.6. WED 29.6. THURS 30.6. FRI 1.7. SAT 2.7. SUN 3.7. 09:00 Pyka 10:30 (HS 34) An Introduction Arrival Day 11:00 into Innovation 12:30 Economics 13:30 15:00 Welcome / DIES Introduction Arrival Day ACADEMICUS 15:30 (Green Hall) 17:00 CW 27: July 4th – 10th, 2016 MON 4.7. TUES 5.7. WED 6.7. THURS 7.7. FRI 8.7. SAT 09.7. SUN 10.7. Lampenius Schiller 09:00 Hopp (S 07) (Room 123) 10:30 (Green Hall) Jung Risk Risk European An Introduction (PC Room 3) Management Perception, Patent Office Munich into Econometrics using Monte Risk Taking (Munich) 11:00 Entrepreneur- of Innovation Carlo and Risk 12:30 ship Research Simulation Aversion 13:30 Tykvová Gehde-Trapp (Green Hall) (HS 7) 15:00 Daimler European An Introduction R&D in simpleshow Virtual Reality Patent Office Munich into Financial Center (Munich) 15:30 Entrepreneurial Institutions and 17:00 Finance Markets CW 28: July 11th – 17th, 2016 MON 11.7. TUES 12.7. WED 13.7. THURS 14.7. FRI 15.7. SAT 16.7. SUN 17.7 Gerybadze Burghof Prettner 09:00 (Green Hall) Gerybadze (Blue Hall) (Aula) 10:30 Innovation (Aula) Early-stage Stuttgart Modeling Management Innovation Finance, State Stock Innovation- Tübingen 11:00 and New Policy in Subsidies and Exchange based 12:30 Product Germany Financial Economic Development Markets Growth 13:30 Hachmeister 15:00 (Aula) Ministry of Stuttgart Startup Entrepreneurial Finance and Stock Campus Tübingen 15:30 Firms’ Economics Exchange Stuttgart 17:00 Valuation CW 29: July 18th – 22nd, 2015 MON 18.7. TUES 19.7. WED 20.7. THURS 21.7. FRI 22.7. SAT 23.7. SUN 24.7 Tümmers 09:00 (Aula) 10:30 Innovation Porsche Management, BioRN Departure Day Museum 11:00 R&D Policy, 12:30 European R&D Policy 13:30 Kuckertz 15:00 Porsche (Aula) Factory Visit Heidelberg Departure Day New Venture 15:30 Creation 17:00 Closing ceremony Exams Procedure Students who have successfully completed the summer school will be awarded 9 ECTS. Students need to write an essay on one of the following questions: 1. Entrepreneurship (Prof. Kuckertz): Imagine after finishing your studies you decide to start-up an innovative venture. How would you approach this process? 2. Finance (Prof. Tykvová): By which means does a venture capitalist evaluate the cash need of an entrepreneurial company? 3. Risk and Risk Management (Prof. Schiller): Based on the study Caliendo et al. (2009), how does risk aversion affect the decision to become an entrepreneur? How important is the prior situation of the considered people (regular employment or unemployment)? What are the main results and important methodological shortcomings of the study? (The study will be published on ILIAS.) 4. Innovation Management (Prof. Gerybadze): What are the most appropriate methods for measuring innovation activities and innovation performance? What are the particular strengths of the German innovation system? How strong are German business firms in terms of innovation performance? The essay should consist of 3-5 pages. At the end of the summer school (latest Wednesday, 20th July, 9 a.m.) students need to hand in their essay (pdf-file) via email to [email protected]. Grading will be based on the German grading system: 1,0 | 1,3 very good 1,7 | 2,0 | 2,3 good 2,7 | 3,0 | 3,3 satisfactory 3,7 | 4.0 pass 5,0 fail SCHEDULE Wednesday, 29 June 2016 Arrival day: We will pick you up from Stuttgart airport/train station and bring you to the Student Hotel. Accommodation: Internationales Studentenhotel (International Student Hotel) Neckarstraße 172 70190 Stuttgart Emergency Number: +49 (0)176 54435152 (Jan Heidemanns) Thursday, 30 June 2016 11:00 Transfer to the University of Hohenheim by metro: Meeting point in front of the Student Hotel, Neckarstr. 172 12:00 Lunch in the University Canteen 13:00 Campus Tour 14:30 – 15:30 Official Welcome (Green Hall) Address of Welcome by the Dean Prof. Dr. Dirk Hachmeister Introduction Summer School Program Prof. Dr. Tereza Tykvová Organizational Remarks Jan Heidemanns 16:00 Get-together at Café Denkbar (on Campus) UEFA European Football Championship 21:00 Quarter-final _________________ : _________________ Friday, 1 July 2016 09:00 Lecture: An Introduction into Innovation Economics (HS 34) Prof. Dr. Andreas Pyka Innovation economics will introduce the summer school students into the broad field of modern innovation economics. Innovation economics has gained momentum since the 1990s as an autonomous field in economics qualified by the increasing importance of knowledge and innovation for the competitiveness of firms, regions and economies as well as by the peculiarities of innovations, which makes innovation processes difficult to be analyzed in the context of standard industrial economics. It turned out that modern innovation economics has become a field of interdisciplinary research combining besides economists, among others technological historians, economic sociologist, engineers and complexity researchers. In this course, students will be made acquainted with important concepts and ongoing research projects. 10:30 Break 11:00 Lecture continues (HS 34) Prof. Dr. Andreas Pyka 12:30 Lunch break Optional program: Dies academicus 13:30 “Dies academicus” is an academic holiday. Students and staff of the university are given an opportunity to get to know other faculties. It is also a day where the university opens its doors to the public and thus, it is also known as the Open University. The motto of the “Dies academicus” is Discovering and Enjoying the University! It gets to the heart of what the visitors can expect: A wonderful summer party with exciting activities can be enjoyed. Enjoy the very special atmosphere of the “Dies academicus” which is celebrated annually. After the traditional tapping of the beer barrel by the President, many student groups will present themselves and serve food, cocktails, and much more. On Friday evening, the castle courtyard will turn into a big party zone. UEFA European Football Championship 21:00 Quarter-final _________________ : _________________ Saturday, 2 July 2016 FREE DAY UEFA European Football Championship 21:00 Quarter-final _________________ : _________________ Sunday, 3 July 2016 FREE DAY UEFA European Football Championship 21:00 Quarter-final _________________ : _________________ Monday, 4 July 2016 09:00 Lecture: An Introduction into Entrepreneurship Research (GREEN HALL) Prof. Dr. Christian Hopp Entrepreneurship is “always a voyage of exploration into the unknown, an attempt to discover new ways of doing things better than they have been done before” (Hayek, 1948: 101). This lecture is intended to equip students with a basic understanding of the entrepreneurial process and respective managerial challenges. It analyzes the environments of entrepreneurship from types of opportunities, to how decisions are made depending on the opportunities pursued. We will focus on the unique challenges involved in founding and managing entrepreneurial ventures. Moreover, we address the analytical and administrative domains of entrepreneurial and managerial behavior. The course comprises theoretical insights into the entrepreneurial issues at hand and combines these with practical applications. 10:30 Break 11:00 Lecture continues (GREEN HALL) Prof. Dr. Christian Hopp 12:30 Lunch break 13:30 Lecture: An Introduction into Entrepreneurial Finance (GREEN HALL) Prof. Dr. Tereza Tykvová The lecture will deal with value creation as the objective of each strategic and financial choice that an entrepreneur or investor makes. It will devote substantial attention to value assessment in uncertain environments. The course will focus on methods of financial modelling and forecasting. 15:00 Break 15:30 Lecture continues (GREEN HALL) Prof. Dr. Tereza Tykvová 17:00 End of lecture Tuesday, 5 July 2016 09:00 Lecture: Risk Management using Monte Carlo Simulation (S 07) Dr. Niklas Lampenius The course covers the identification and management of operational and financial risks in the context of innovations using Excel-based Monte Carlo Simulation tools. In the course of the session, students model and identify operational and financial risks in a case-study based context.
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