Why can entrepreneurship be learned
Can you learn entrepreneurship? Yes you can!
Founding a successful start-up with the new MBA
Vienna (OTS) - The MODUL University Vienna reacts to the high demand and development of numerous (international) start-up settlements in Vienna and from autumn 2017 is offering a "Major in Entrepreneurship, Innovation and Leadership" as part of your part-time MBA course. The MBA offers future entrepreneurs a practical and internationally oriented training and combines all the skills to be able to get off to a successful start with their own company.
A lively start-up scene has developed in Austria in recent years, the number of business start-ups is higher than ever before and the establishment of international start-up initiatives in the capital is booming. In order to establish itself as a European start-up hub, business, industry and the education sector are required to create attractive conditions for committed entrepreneurs. The MODUL University Vienna, as the English-speaking business university in Austria, has therefore developed a new MBA specialization, which is intended to support entrepreneurs (in particular) in identifying new market trends and business ideas as well as in implementing and financing new business models: In the Master of Business Administration Program (MBA ) Students can specialize in the "Major in Entrepreneurship, Innovation and Leadership" from autumn 2017.
Internationally renowned dean relies on exchange with the start-up scene
The new MBA Major was developed by Professor Dimitris Christopoulos, Head of the MBA Program at MODUL University Vienna and Research Professor at Edinburgh Business School. According to Prof. Christopoulos, a prerequisite for a well-founded further education offer is to deal with the target group and their needs on a regular basis, as well as to think about their expertise:
“We want to accompany students on their way as best as possible. Current trends are one factor here. The economy depends on several factors that are interdependent and that have to be redefined over and over again. This includes topics such as entrepreneurial culture, state support offers and regulation, the educational infrastructure, global competition, innovation education and the availability of capital - all central considerations in our educational program. "
In order to exchange ideas on these topics, an event took place on May 18th in the premises of the trendy Viennese coworking space “L'Office” (Schottenfeldgasse 85) under the motto “You can't teach that!” At Dimitris Christopoulos discussed current trends and questions from entrepreneurs with numerous start-ups, university colleagues and interested visitors. Among other things, it was about the question of what support entrepreneurs in Spe can need in terms of training. Andeas Mahringer, CEO and co-founder of Record Bird, a successful music start-up, said at the event: “I don't believe in any recipe for success. Hard work, a complementary and reliable team, the right timing, the necessary support from third parties and a little bit of luck are definitely helpful. While studying international economics, I learned how to trade bonds, futures and swaps. What I need to get there by then, namely a first angel investment, VC financing, etc., was unfortunately missing in the curriculum. I think there is still a lot of room for improvement in this user-oriented course. So I think the idea of offering a training focus with practical tools is very good. "
Study international entrepreneurship while working
With focal points such as executive leadership, strategic management and project financing as well as their own "boot camp" at the end of their studies, students have the opportunity to optimize their entrepreneurial skills and specialist knowledge, not only in order to get their own company off the ground, but also sustainably achieve their growth goals. Prof. Christopoulos can look back on many years of international management experience in the field of business start-ups, has a worldwide network of business partners in the scene and has also been able to attract international start-up experts from well-known business schools as lecturers for the MBA. “The MBA Major combines all key skills to make students fit for their corporate success. At the same time, it offers theoretical knowledge and practical application content in order to get to know challenges on the way to becoming an entrepreneur and to successfully start a business. The focus is therefore on teaching skills to dare to new business models (entrepreneurship), the management of new ideas (innovation) and an understanding of the management of people and teams (leadership). An apprenticeship that is unique in this form in Austria. "
From the right financial model to leadership expertise
Business start-ups often do not fail because of good ideas. Rather, for example, the financing of an idea until it is implemented and ready for the market is one of the hurdles that many entrepreneurs are confronted with. Here, too, the MBA specializes with its offer. "Students get to know a range of alternative financing models in a practical way, and investor strategies for different growth phases are also part of the curriculum," explains Christopoulos. Another key topic of the program is the focus on "leadership", explains the expert further:
“Leadership skills are the social capital needed to found a successful start-up and gain a sustainable foothold in the economic market. As an entrepreneur, you are a networker, boss, administrative and financial expert, but also a motivator for the further development of the company, the idea and the employees who work for you. ”In the context of a“ boot camp ”lasting several days, the students will find it at the end of their studies As a “Capstone Project”, it also enables you to advertise your business projects and ideas and present them to investors and industrial partners.
Applications for the fall semester are now being accepted. Further information and application criteria for the MBA are available online at www.modul.ac.at under “Study Programs” => MBA => Major in Entrepreneurship.
Press photos from the event in the L’Office
Group photo shows from left to right: Alex Baumann (Co-Founder & Creative Director, Record Bird), Prof. Dimitris Christopoulos (MBA Head of Degree Program, MODUL University Vienna), Philipp Sonnleitner (Founder & CEO, Mikme), Thomas Wachauer (Co-Founder & COO)
Link to all photos of the evening:
Photographer: Ing.Markus Schieder
About the MODUL University Vienna
The MODUL University Vienna, the international private university of the Vienna Chamber of Commerce, offers study programs (BBA, BSc, MSc, MBA and PhD programs) in the fields of international economics and management, new media technology, public governance and sustainable development as well as tourism and hospitality management. The study programs meet strict accreditation guidelines and are held in English due to the international orientation. The university campus is located on Kahlenberg in the 19th district of Vienna.
Inquiries & contact:
Andreas Eder, MA
Head of University Communication
MODUL University Vienna
Am Kahlenberg 1, 1190 Vienna
T +43 / 1/3203555 104
E [email protected]
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