Short description
Process management refers to the operation, improvement and innovation of business processes. The course covers fundamental frameworks, models, and methods in process management.

Topics

• Business process operation
• Business process change
• Strategic alignment
• Governance
• Quality management
• Six sigma
• Process management skills
• Organizational culture

• The module integrates theoretical knowledge and practical skills based on an interactive lecture.
• The e-learning platform Moodle will be used throughout the course for the dissemination of course material and discussions.

• Students will know the foundations and the emergence of process management (e.g. business process re-engineering, total quality management).
• Students will understand the goals of process management (e.g. time, cost, quality, sustainability).
• Students will be able to apply the core elements of process management (strategic alignment, governance, methods, technologies, people, culture).
• Students will integrate knowledge to understand the benefits and competitive advantages of a holistic process management approach.
• Students will know key principles of good process management.

Compulsory reading

• The students will be provided with the lecture slides and supporting materials throughout the course.

Further reading

• vom Brocke, J., & Rosemann, M. (Eds.). (2010). Handbook on business process management. Berlin: Springer.

Written exam (90 min)

Short description
The course covers conceptual foundations, methods, and technologies for implementing and managing business processes with the help of IT. In particular, students will learn how to automate and monitor software-based business processes and mine process execution logs.

Topics

• Petri-net foundations of process automation
• Business process management systems
• Process mining

• The module integrates theoretical knowledge and practical skills based on an interactive lecture. The e-learning platform Moodle will be used throughout the course for the dissemination of course material and discussions.

• Learning objectivesStudents know and understand foundational concepts and methods of process automation (workflow management)Students know and understand foundational concepts and methods of process miningStudents design and develop executable business processesStudents apply analytical techniques to mine business process logs

Compulsory reading

• Dumas, M., La Rosa, M., Mendling, J., Reijers, H. (2018). Fundamentals of Business Process Management. Second Edition. Berlin: Springer.

Further reading

• Ter Hofstede, A., Van der Aalst, W., Adams, M., Russell, N. (2010). Modern Business Process Automation. Berlin: Springer.
• Van der Aalst, W. (2011). Process Mining: Discovery, Conformance and Enhancement of Business Processes. Berlin: Springer.

Written exam (90min)

Short description
The course focuses on process analysis, including approaches and methods for designing, analyzing and simulating business processes in organizations.

Topics

• Introduction to process analysis
• Basics of Process modeling
• Advanced Process modeling
• Qualitative approaches to process analysis
• Quantitative approaches to process analysis
• Process simulation
• Process improvement

The module integrates theoretical knowledge and practical skills in an interactive lecture.The e-learning platform Moodle will be used throughout the course for the dissemination of course material and discussions.

• Students will know how processes can be modeled, analyzed, simulated and improved.
• Students will know basic and advanced methods of process modeling in order to analyze, design, and implement information systems in organizations.
• Students will use both qualitative and quantitative methods of process analysis and simulation in order to analyze, design, and improve business processes in organizations.
• Students will learn four ways to process improvement.

Compulsory reading

• Dumas, M., La Rosa, M., Mendling, J., Reijers, H. (2018). Fundamentals of Business Process Management. Second Edition. Berlin: Springer.

Further reading

• vom Brocke, J. & Rosemann, M. (Eds.) (2014). Handbook of Business Process Management. Springer: New York.

Written exam (90 minutes)

Short description
The course focuses on judgment and decision making, with emphasis on how decisions deviate from rational and/or ethical standards, with applications in human-computer interaction.

Topics

• Introduction to decision making under certainty and risk
• Measuring and modeling individual risk preferences
• Heuristics in decision making
• Biases in decision making
• Emotions in decision making
• Designing decisions on websites

• The module integrates theoretical knowledge and practical skills in an interactive lecture.
• The e-learning platform Moodle will be used throughout the course for the dissemination of course material and discussions.

• Students will know how decisions can be influenced by various human biases and how to improve individual decisions.
• Students will know basic methods of decision making in order to overcome human biases.
• Students will use methods of decision making in order to improve business decisions in organizations.

Compulsory reading

• Hastie, R. & Dawes R. M. (2010). Rational Choice in an Uncertain World. Sage: London.

Further reading

• Baron, J. (2008). Thinking and Deciding. Cambridge University Press: Cambridge.
• Bazerman, M. H. & Moore, D. A. (2009). Judgment in Managerial Decision Making. John Wiley & Sons, Inc: New York.
• Hammond, J. S., Keeney, R. L., & Raiffa, H. (1999). Smart Choices. A Practical Guide to Making Better Decisions. Havard Business Review Press: Harvard.
• Johnson, J. (2010). Designing with the Mind in Mind. Elsevier: Burlington.
• Kahneman, D. (2011). Thinking, Fast and Slow. Penguin Books: London.

Written exam (90 minutes)

• Cost of capital and capital budgeting Discounted cash flow valuation and financial multiples Payout policy Equity and debt financing Applications of option pricing theory Corporate control and recapitalizationsEnterprise Risk Management

Exercise

• After successful completion of this course, studentsare able to apply relevant concepts of corporate finance on an advanced levelknow how to integrate and implement theoretical knowledge in solving practical problemsare able to explain coherences in financial divisions of undertakings active in global competitionexpand the ability to participate in a critical dialogue within the framework of a team projectdescribe enterprise risk management (ERM) and compare and contrast differing definitions of ERM, distinguish between components of an ERMcompare the benefits and costs of ERM and describe the motivations for a firm to adopt an ERM initiativedescribe the role and responsibilities of a chief risk officer (CRO) and assess how the CRO should interact with other senior management

• Brealey, R., Myers, S. C., & Allen, F. (2014). Principles of corporate finance (11th ed.). Maidenhead: McGraw-Hill. Hillier, D., Grinblatt, M., & Titman, S. (2012). Financial markets and corporate strategy (2 nd ed.). New York: McGraw-Hill.Lam, J. (2014). Enterprise risk management: From incentives to control (2nd ed.). Hoboken: John Wiley & Sons. [Chapter 4]

See lectures within the module.

Die Lehrveranstaltungen dieses Modules bieten eine Schwerpunktsetzung im Bereich der Vermögensverwaltung, insbesondere betreffend Wertpapierfirmen und deren Aufsichtsregime. Zudem werden zentrale Fragen des EU-Prospekt- und des EU-Börserechts (Marktmissbrauch; Offenlegungspflichten) diskutiert. Insbesondere werden die zentralen rechtlichen Themenfelder der Vermögensverwaltung (grundgelegt in der MiFID II, im BankG und im VVG) behandelt und die verschiedenen wesentlichen Geschäftsmodelle der Vermögensverwaltung in der EU, in Liechtenstein und in der Schweiz sowie im Bereich der Produktregulierung (etwa hinsichtlich von Leerverkäufen und Derivatkontrakten) behandelt.

• Identification of a research problem and development of a research question
• Thematically formulating a problem and developing a solution through application of scientific methods
• Independence in handling a research problem determined in the course of an assessment. Discussion with the advisor about methodological and content issues in solving a research topic.
• Completion of a comprehensive assignment where the students deal with a theoretical or practice-oriented problem in their area of specialisation by drawing on scientific work methods.
• Mid-term report about the current stage of the progress during the Colloquium.
• Completion of presentation documentation on a research problem within their specialised area.
• Defense of the elaborated research topic and in-depth discussion with the examination board.

After completion of the module, the students have acquired a detailed knowledge and a critical understanding of their research topic. They have at their disposal specialised knowledge of methods and procedures for processing data and explaining it in a structured manner. Furthermore, they exhibit originality and creativity in the application of their knowledge.

The students complete research and development projects, applying specialised research methods, survey and development techniques by drawing on their previously acquired skills. Additionally, they present the significant findings of their project to academic and real economy specialists, thereby utilising various communication methods in order to illustrate complex data on a scientific level.

Upon positive evaluation of the thesis module the Master's degree is awarded to the candidate.

Expose and thesis template are available here: Regulations and Guidelines

• Colloquium presentation (attendance at Colloquium day obligatory)
• Evaluation of the written thesis paper
• Presentation and defense in front of the examination board

Web-based online evaluation upon completion of module

IMPORTANT DEADLINES:
Colloquium: .....tbc 2017
Submission Master Thesis: 30.11.2017 - 4PM latest
Presentation and Defence: Thursday , 25.01.2018
Graduation Cermony: April 2018

The submission of master's thesis must include: (1) one CD ROM containing thesis' digital copy (at the central service desk) and (4) four hard copies of your master thesis.

• Recognising problems and analysing various topics in the area of financial services
• Handling ambitious practical problems in financial services like consulting projects and real portfolio management
• Developing customer-specific solutions
• Communicating with project client
• Presenting the final project report
• Working in a team in a project-oriented manner
• Mastering a portfolio under the supervision of a portfolio manager
• Working up all relevant information and data for portfolio management
• Structuring the strategic and tactical asset allocation
• Deciding on security selection

Practical project work

After completion of the module, the students have at their disposal practical experiences in handling a consulting project in the area of finance.

In the course of the assignment, they utilize a range of advanced procedures and techniques incorporated in the discipline and apply theoretical insights to practical solutions, so that they are directly prepared for their professional life.

Students develop original and creative answers for topics and problems and are able to evaluate the situation even without complete information.

They are able to reflect and enlarge their knowledge and capabilities. In addition, they master professional project assignment and presentation techniques and are trained to function in a team.

They are also able to assume responsibility within the team and to coordinate team assignments while taking into account the interest of the business.

See lectures within the module.

• Recognising problems and analysing various topics in the area of financial services
• Handling ambitious practical problems in financial services like consulting projects and real portfolio management
• Developing customer-specific solutions
• Communicating with project client
• Presenting the final project report
• Working in a team in a project-oriented manner
• Mastering a portfolio under the supervision of a portfolio manager
• Working up all relevant information and data for portfolio management
• Structuring the strategic and tactical asset allocation
• Deciding on security selection

Practical project work

After completion of the module, the students have at their disposal practical experiences in handling a consulting project in the area of finance.

In the course of the assignment, they utilize a range of advanced procedures and techniques incorporated in the discipline and apply theoretical insights to practical solutions, so that they are directly prepared for their professional life.

Students develop original and creative answers for topics and problems and are able to evaluate the situation even without complete information.

They are able to reflect and enlarge their knowledge and capabilities. In addition, they master professional project assignment and presentation techniques and are trained to function in a team.

They are also able to assume responsibility within the team and to coordinate team assignments while taking into account the interest of the business.

See lectures within the module.

• Recognising problems and analysing various topics in the area of financial services
• Handling ambitious practical problems in financial services like consulting projects and real portfolio management
• Developing customer-specific solutions
• Communicating with project client
• Presenting the final project report
• Working in a team in a project-oriented manner
• Mastering a portfolio under the supervision of a portfolio manager
• Working up all relevant information and data for portfolio management
• Structuring the strategic and tactical asset allocation
• Deciding on security selection

Practical project work

After completion of the module, the students have at their disposal practical experiences in handling a consulting project in the area of finance.

In the course of the assignment, they utilize a range of advanced procedures and techniques incorporated in the discipline and apply theoretical insights to practical solutions, so that they are directly prepared for their professional life.

Students develop original and creative answers for topics and problems and are able to evaluate the situation even without complete information.

They are able to reflect and enlarge their knowledge and capabilities. In addition, they master professional project assignment and presentation techniques and are trained to function in a team.

They are also able to assume responsibility within the team and to coordinate team assignments while taking into account the interest of the business.

See lectures within the module.