Business Process Management provides an introduction to fundamental concepts, frameworks, models, theories, and methods in process management and covers the operation, improvement, and innovation of business processes. Business Process Management (BPM) is one of the core topics of the degree programme, so the course also provides a basis on which students can choose their electives. The course covers eight primary topics:

• Business process operations
• Business process change
• Strategic alignment
• Business process governance
• Quality management
• Six Sigma
• BPM skills
• Organizational culture

• The course involves interactive lectures with exercises to integrate theoretical knowledge with practical design and analysis skills.
• The e-learning platform Moodle is used throughout the course to disseminate course material and for information and discussion.
• Case studies are used to discuss the course contents and to train students in using the methods covered.

After successful completion of the course, students will:

• understand the foundations and contextual roots of BPM (e.g., business process re-engineering, total quality management)
• understand the goals of BPM (e.g., time, cost, quality, sustainability)
• understand the core components of holistic BPM approaches (strategic alignment, governance, methods, technologies, people, culture)
• understand the key principles of good BPM

Written exam (90min)

The Pro Bono Project gives the student an opportunity to draw a close connection to the practice. Through the preparation of a Pro Bono project, the students gain a deeper insight into the three main areas of professional activity: concept phase, execution phase and reflection phase. In this way the students can complement and/or test their theoretical studies with practice-relevant work.

Project work under supervision, project management,
Individual selection of methods

Grade drawn from:
Pro Bono Application
Conceptual Phase
Execution Phase
Reflection Phase
Project Documentation
Project Presentation/Critical Review

• Overview and introduction to different forms of qualitative methods in finance
• Key concepts of experimental research approaches
• Experimental methods to test market and trader behavior

Interactive lecture

• Students are able to perform a survey.
• Students are able to test market and trader behavior with an experimental research approach.
• Students can decide when to use a qualitative or a quantitative research approach.
• Students know and can apply them most important qualitative research methods in Finance.

See lecture(s) within the module

• Modelling the Human Life Cycle
• Models of Human Mortality
• Valuation Models of Deterministic Interest
• Models of Risky Financial Investments
• Models of Pension Life Annuities
• Models of Life Insurance
• Models of DB vs. DC Pensions
• Sustainable Spending at Retirement
• The Liechtenstein Pension System

Lecture

Students …

• have a solid background in financial decisions regarding longevity and retirement,
• combine valuation techniques from finance with those from actuarial mathematics,
• understand the effects of longevity, bequest motive, and risk-return trade-off on the corresponding choices made by individual investors,
• understand and apply life-cycle models of individual investors,
• distinguish between DB and DC pension plans and understand their respective implications,
• combine financial models with models for longevity risk,
• select appropriate financial instruments for individual pension planning and justify this selection economically,
• understand the Liechtenstein pension system and can compare it to systems in other countries.

• Identification of a research problem and development of a research questionThematically 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 field of specialisation by drawing on scientific work methods. Completion of presentation documentation on a research problem within their specialised - field. 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.

Paper-based preparation of topics, strategy implementation and testing, presentation and discussion

• Investment Strategies by Asset Class: Equity, Fixed Income, Derivatives Strategies
• Investment Strategies for Different Economic Environments
• Asset Management Practice

Exercise

Know the state-of-the-art regarding risk/profit drivers in financial markets

• Devise, justify, implement, and test investment strategies for different asset classes and economic environments (inflationary/deflationary, expansion/recession, etc.)
• understand exactly how investors try to achieve profits using different asset classes

• Global Financial Environment
• International Parity Conditions
• Foreign Exchange Rate Determination and Forecasting
• The Foreign Exchange Market and the Use of Foreign Currency Derivatives
• Foreign Exchange Exposure
• Financing the Global Firm
• Foreign Investment Decisions
• International Trade Finance
• Working Capital Management

Lecture

After attendance of this course, students …

• have at ones disposal comprehensive and integrated knowledge of the majority of core areas in international business finance
• independently solve problems in international business finance by means of acquired concepts
• applying procedures and techniques that are specialised and state-of-the-art
• identify, conceptualise and define new and abstract issues and problems in international business finance
• communicate acquired information comprehensibly to specialists and laities

In Anlehnung an das Business Model You, einer innovativen und wirkungsvollen Methodik in vier Schritten, um „persönliche Geschäftsmodelle“ zu entwickeln, werden Studierende dabei unterstützt, sich im neuen Arbeitsumfeld Universität zurechtzufinden und das Studium für ihre persönliche Weiterentwicklung zu nutzen. Schwerpunkte sind: Design Thinking Workshop, Teamarbeit und -reflexion; Ziel- und Erwartungsklärung sowie Kompetenzentwicklung im Studium, Feedbackkultur, Arbeits- und Lernmethoden im Studium und Zeitmanagement.

• Übung mit maximal 30 Teilnehmern
• Erfahrungsbasiertes Lernen
• Workshop
• Handlungsorientierte Übung mit Vorlesungsanteilen

• Ganzheitlich visionsorientiertes Personalmanagement
• Personalgewinnung (-auswahl)
• Personal- und Leistungsbeurteilung
• Personalhonorierung
• Personalentwicklung
• Herausforderungen und Chancen für Organisationen
• Entwicklung eines Organisationsmodells mit Input-, Prozess- und Output-Variablen
• Individuelle Ebene: Diversity in Organisationen, Einstellungen und Arbeitszufriedenheit, Emotionen und Stimmungen, Persönlichkeit und Werte, Wahrnehmung und individuelle Entscheidungsfindung, Motivation: Konzepte und Anwendungen
• Gruppenebene: Grundlagen des Gruppenverhaltens, Arbeitsteams, Kommunikation, Führung, Macht und Politik

Das Modul Grundlagen des Rechts dient der Vermittlung grundlegender Rechtsinstitute des liechtensteinischen Privatrechts sowie einer Einführung in das Öffentliche Recht Liechtensteins samt seinen Bezügen zum Recht des Europäischen Wirtschaftsraums.

• Einführung in die liechtensteinische Rechtsordnung
• Rechtsgeschäftslehre
• Schuldrecht Allgemeiner Teil (Leistungsstörungen, Gewährleistung, Änderungen im Schuldverhältnis)
• Schuldrecht Besonderer Teil (Vertragstypen, Schadenersatzrecht)
• Sachenrecht
• Konsumentenschutzrecht
• Einführung in das Strafrecht
• Grundzüge des materiellen Strafrechts
• Besonderheiten der liechtensteinischen Staatsform
• Grundzüge des Staatsorganisationsrechts
• Gesetzgebungsprozess
• Funktion des EWR und Auswirkungen der EWR-Mitgliedschaft auf die liechtensteinische Rechtsordnung

Vorlesung