TUM School of Management

🔎 A new study by the appliedAI Institute for Europe reveals a significant boom in the German landscape:

📈 The number of start-ups increased by 35 percent within a year, from 508 to 687.

3️⃣ The three German federal states, 👉Berlin, 👉Bavaria, and 👉Baden-Württemberg, have established themselves as the top hotspots, with the Technical University of Munich being represented in Bavaria and Baden-Württemberg.

👔 Many start-ups focus on industrial applications and solutions. Despite the dynamic development and increasing diversity, particularly in generative AI, German start-ups lag behind their US counterparts in terms of funding. 💰
Nevertheless, German founders are strong in providing specific and practical solutions for businesses.

➡ Read on about the German AI hotsposts: https://www.wiwo.de/technologie/digitale-welt/kuenstliche-intelligenz-das-sind-deutschlands-ki-hochburgen-/29920056.html

➡ Read on about the new German start-up era for AI: https://www.wiwo.de/technologie/digitale-welt/start-up-landschaft-bei-ki-erlebt-deutschland-eine-neue-gruenderzeit/29917562.html
TUM Campus Heilbronn TUM Campus Straubing

TUM School of Management goes ! 🏰
During the Bayreuth Week at the University of Bayreuth, our FIM students had a wonderful experience exploring the historical city and learning various innovative concepts.

Here are the key takeaways:
1️⃣ Being and Using Scrum by Building a City with Legos:
They learned the principles of Scrum by collaboratively building a miniature city using Lego bricks. This exercise emphasized teamwork, iterative development, and flexibility in project management. 🧱

2️⃣ Implementing Raspberry Pi to Digitalize and Improve the of a Brewery:
They studied how to use this small and affordable computer to enhance the digital infrastructure of a brewery. The focus was on improving operational efficiency, monitoring processes, and automating tasks through digital solutions. 🍺

3️⃣ Context-Specific Research in Information Systems - How to a Cow?: This intriguing research topic delved into the digitalization of livestock management. 🐮 Students examined how technology can be used to monitor and manage cows, improving health, productivity, and overall farm management.

👩‍🏫 Our 𝗠𝗮𝘀𝘁𝗲𝗿 𝗶𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 & 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 (FIM) offers a dynamic learning environment with small classes and dedicated personal , setting you up for unparalleled academic and professional success. It is a joint program with the University of Bayreuth.

We are in , China 🏙️🇨🇳
The advanced international study trip organized by the Chair of at TUM Campus Heilbronn, led by Professor Chengguang Li and research associate Monika Mengting Liu, CFA, provided the students with an insightful international experience in Shanghai ✈️

The international experience allowed the TUM students to visit various companies and learn about different companies, their products, services, challenges and strategies, culture, and career paths.

🙌 We thank the companies for making it an unforgettable memory:
Bohringer Group Ingelheim, Allianz China Life and Allianz Global Investors, HyperPark Ltd., NIO, Joyson Group, TAIKOO MOTORS GROUP, Tencent Intelligent Mobility, and Porsche Consulting.

Shanghai, we will be back!

TUM Campus Heilbronn

📈 💲 Higher for board members: Stock Index Rises Despite Crisis

Executive board members of DAX companies earned around six percent more in 2023 than in the previous year. This results from the annual study by Professor Dr. Gunther Friedl, TUM Chair of Management Accounting, and the researchers Victoria Fohrer and Selina Hauch, as well as Marc Tüngler, Christiane Hölz, and Frederik Beckendorff from the , a lobby group for private investors.

Despite many crises, the DAX has shown a positive long-term performance, which has also impacted managers' incomes.

➡ Read more here: https://www.mgt.tum.de/our-stories-with-impact/stories/higher-compensation-for-dax-board-members

🌍 🤝 , , and : Wrapping up the International Summer School 2024!

The past two weeks have been absolutely incredible! Our group of exceptional young leaders from 13 countries joined us at TUM School of Management for an unforgettable journey themed, "Empowering Tomorrow: Sustainable Energies and ," in collaboration with the TUM SEED Center.

The highlights included:
💡 Engaging lectures on sustainable energies, social entrepreneurship, storytelling, and business models delivered by our TUM experts!

🌍 Inspirational talks from guest lecturers, who shared their transformative ideas and projects contributing to sustainable development.

🏙️ Exploring Munich, from the historic Old Town to breathtaking sunsets at Olympiapark. Our participants had the chance to experience the rich cultural heritage of Munich, discover its landmarks, and enjoy the vibrant atmosphere of the city.

🍻 Enjoying traditional Bavarian Beer gardens and hiking in the beautiful Bavarian Alps on a summer day!

🏛️ Visits to TUM’s campuses in Freising, Garching, and the main campus, getting to know cutting-edge research facilities and entrepreneurship hubs, where participants learned about the latest innovations and sustainable practices being developed at TUM.

🎓 Final presentations where students showcased their innovative and sustainable ideas to a panel of experts, receiving valuable feedback and recognition for their hard work and creativity. This year, the projects circled around e-mobility in Ghana, solar dehydrators in India, sustainable smart-home systems in Asia, and the potential of kinetic tiles to produce energy!

🥳 A celebratory farewell with certificates and a toast to new beginnings. The program concluded with a heartfelt ceremony, where students received their certificates of completion and celebrated their achievements with new friends and mentors.

❤️ A huge thank you to everyone who made this experience so special!

🌿 The knowledge, skills, and friendships gained here will surely drive change worldwide.

💼 EMBAmbassador Stories: An journey at TUM
👋 Meet Dr. Ariane C. Boehm, TUM PhD holder, Executive MBA in Business & IT participant (Class of 2024), and EMBAmbassador.

With a doctorate in neuroscience and an MBA from TU München, her Alma Mater, Ariane C. combines technical expertise and strategic vision. Her interdisciplinary journey from academia to a leading role in consulting is inspiring.

Ariane C.’s intense academic training in and sharpened her analytical skills, which she leverages in her consulting career by guiding clients through complex data-driven analyses and digital transformation.

📜 Inspired by ancient Greek philosophies, Ariane C.’s focuses on empowering and leaving a lasting positive impact on others. She aims to develop as a motivational leader, drive innovative business strategies, and cultivate a culture of ethical leadership and continuous improvement.

With the Executive MBA in Business & IT, Ariane C. found the perfect blend of business and IT. The program’s real-world applications in strategy, corporate governance, IT security, and leadership have been invaluable for her continuous learning journey.

➡ Read more here: https://www.lll.tum.de/emba-ambassadors-meet-ariane-c-boehm/

➡ Like Dr. Ariane C. Böhm, take the first step into your interdisciplinary journey and learn more about the Executive MBA in Business & IT today. The application period for the Fall Intake 24/25 is open. 📝 Apply now: https://www.lll.tum.de/executive-mba-in-business-it/

TUM Institute for LifeLong Learning

🚀 ✨ EMBAmbassador Stories: A journey of resilience, leadership and dedication to empowering women in tech.

Meet Arizona Berdynaj, Executive MBA in Business & IT participant (Class of 2024) and EMBAmbassador. From serving in Kosovo’s Ministry of Energy & Mining to becoming Chief Sales Officer in the tech industry, Arizona's journey showcases resilience, leadership and dedication to empowering women in tech.

Arizona’s decision to pursue an Executive MBA at TUM was driven by her goal to bridge the gap between business and technical aspects within the telecommunications sector and by her growing interest in strengthening her IT knowledge and technical skills. Learn how the Executive MBA in Business & IT at TUM transformed her career, broadened her perspectives on digital transformation, enhanced her leadership skills and connected her with a diverse network of professionals. Read more here ➡ https://www.lll.tum.de/emba-ambassadors-meet-arizona-berdynaj/

Like Arizona, take the first step into your leadership journey and learn more about the Executive MBA in Business & IT today. The application period for the Fall Intake 24/25 is open. Apply now. 📝

TUM Institute for LifeLong Learning ** **

🌿 Shaping a more equitable and sustainable future for 2050 🔮
Our students had an extraordinary experience at the "Foresight 2050: Environmental and Social Justice in Business Management," hosted by the esteemed IE Business School in 📍 Madrid.

Throughout the event, our students Yen Vu Thi Ngoc, Markus Kropač, Steven Keogh, Raunaq Jain, and Eren Bilgin had the opportunity to learn, discuss, and create innovative and sustainable solutions while also forging new international and long-lasting friendships.

🎯 The student conference aimed to actively involve students in building a better and more equitable future by imagining and implementing sustainable practices and ideas that addressed the uncertainties of today’s world.

During the workshop, they participated in four intensive and challenging sessions, covering crucial topics such as the circular economy and consumer goods, energy and utilities, transportation and automotive, and the transition toward a decarbonized economy.

Together with brilliant minds from IE Business School, POLIMI Graduate School of Management, and EDHEC Business School, the students explored the transformative power of to shape a sustainable and just future. Foresighting is not just about anticipating what's to come; it's about actively creating the future we envision.

🙌 Thank you to our Professor, Hana Milanov, for the great facilitation in Madrid.
❤️ And a huge thank you to the organizers and hosts for their warm hospitality.

👏 We are incredibly proud to announce that HelloBetter, along with our alumni and HelloBetter co-founder Philip Ihde and co-founder and TUM Professor David Ebert, have been recognized as Technology Pioneers 2024 by the World Economic Forum! 👏👏

This honor places HelloBetter among an illustrious group of companies that have previously held this title, including tech giants like , , and . 🚀

HelloBetter’s innovative digital therapeutics are transforming cognitive behavioral therapy, making mental health support more accessible and effective. 🧠💻

➡️ Learn more about HelloBetter’s groundbreaking work and the other pioneering companies shaping the future of technology here: https://hellobetter.de/technology-pioneer-2024/

👏👏

🌞🎉 Welcome to the International Summer School for Sustainable Energies and Entrepreneurship! 🎉🌞

We are thrilled to kick off the International Summer School 2024 at the TUM School of Management! This year's program, themed "Empowering Tomorrow: Sustainable Energies and Entrepreneurship," promises to be an inspiring journey for everyone involved. We have 19 brilliant students from 13 different countries, who will dive into an engaging two-week program filled with lectures, hands-on workshops and exciting field trips.

Participants will explore a diverse range of topics, including Clean and Affordable Energies, E-Mobility, Innovation, and Sustainable Entrepreneurship, from the hand of our own TUM scholars and very esteemed international experts, as they engage in meaningful conversations and collaborate to advance their groundbreaking ideas towards a more sustainable future.

Stay tuned for updates and insights from our incredible journey ahead! 🌟✨

👨‍💻 The technology behind the Football 2024 is made ⚽
We are incredibly proud of the groundbreaking work of our alumni:
Oliver Trinchera, a TUM School of Management graduate, and his co-founder Dr. Alexander Hüttenbrink, also a TUM alumni, have revolutionized the football world with their startup KINEXON!

Thanks to the chip systems developed by , the balls of in Germany are equipped with state-of-the-art technology:

👉 Precise Data Capture:
The chips in the ball capture extensive data on position, movement, and impact force. Every ball movement is thus accurately documented! 📊📈

👉 Decision Support:
The collected data can provide valuable insights during contentious match decisions, potentially influencing game outcomes. ⚖️

👉Technology Transfer from Industry to Sports:
Kinexon leverages its industrial experience to successfully implement these advanced technologies in football. Proven systems from factories are transferred to the sports field! 🏭➡️⚽

👉 Enhancing Gameplay Techniques: The chip systems analyze ball movements and the efficiency of different shooting techniques. This leads to targeted improvements in gameplay, making matches even more thrilling! 🥅⚡

We are proud that our alumni have such a significant impact on the European Championship in Germany! 💙📘

📷: Kinexon

📰 Forbes highlights how TUM School of Management shapes the future of the industry 💪

TUM School of Management alumna Victoria Metzger started her journey at BMW Group by pitching innovative ideas to Group CEO, Oliver Zipse, during her Masters in Management and Technology. She landed a key role in BMW Group and soon at Rolls-Royce, underscoring the real-world impact of our programs. 🎓🚗

Our partnerships with the industry and luxury brands provide students with invaluable professional experience and immerse them in the dynamic world of luxury, , and .

As our Dean, Professor Gunther Friedl, says, "Understanding the data that reveals customer preferences allows companies to better design products that align with those preferences. This focus on data-driven insights and the integration of into our curriculum is revolutionizing the way future leaders approach marketing and product design". 💡📊

🙌 A big thank you to Matt Symonds and BlueSky Thinking for featuring our business school in the Forbes article!

➡ Read the full article: https://www.forbes.com/sites/mattsymonds/2024/07/04/how-business-schools-are-helping-shape-the-future-of-luxury/

🥨 From Munich to Frankfurt 🌃 : 3️⃣ Key Insights from our FIM students about Allianz Global Investors 🌍

From asset management to understanding market signals, our FIM students (Finance and Information Management) have been busy gaining valuable insights.

Here are three key takeaways from their recent visit to Allianz Global Investors in 📍 Frankfurt:

1️⃣ in Asset Management:
Sustainability holds various definitions in asset management, with each client having their own interpretation of what it means for them.

2️⃣ Importance of Active Asset Management:
Multi-asset funds heavily rely on active asset management. In a world of information, identifying the right market signal is akin to finding a needle in a haystack.

3️⃣ Impact of on Asset Management:
ESG considerations are impacting the entire asset management value chain. Asset managers must remain adaptable to change to stay competitive.

🙌 Cheers to our corporate partners for this great learning experience for FIM students as a part of their hashtag Degree!

Being successful requires a multi-faceted approach to learning, which includes both academic and professional competencies.

Master in Finance & Information Management (FIM) promotes an interdisciplinary approach, which includes highly diverse skills and interests.
FIM is a joint program with the University of Bayreuth.

📢 The winners of the ❤️ Social Impact Award 2024 were announced at this year's TUM Day.

Students, graduates, and alumni of the TUM School of Management were eligible to participate in the Social Award and win up to €2,000 for their innovative approach to solving a social problem.

🏆 The first place goes to Samuel Keitel, Tim Findeiss, and Staël Wilfried Tchinda Kuete for Senior Connect, which matches senior professionals with companies, ensuring mutual benefit: companies gain from the vast experience and wisdom of seniors while seniors engage in meaningful employment, enhancing their quality of life and financial independence.

🥈 2nd place winner: Lisa Christin Zimmermann and Philipp Middendorf with Student consultancy La Paz, Bolivia
As part of their project study, they have now set the goal of establishing the concept of student consultancy in Bolivia, thereby creating social and economic value.

🥉 3rd place winner: Sebastian Moosheimer with workride.
Workride is a digital platform that links corporations and their commuting employees with shuttle operators and drivers.

The award is sponsored by our wonderful TUM Management Alumni e.V.
The judges of the Social Impact Awards 2024 were Professor Siddharth Vedula (Chair of Entrepreneurship and Communities), Professor Claudia Doblinger (Chair of Innovation and Technology Management), and Professor Frank-Martin Belz (Chair of Entrepreneurial Sustainability).

👏 We are proud to see that all three projects have successfully addressed a social issue and positively impacted society. 👏 Congratulations!

🇪🇺 🚫 🏭 sanctions hit Russian for the first time - our energy , Professor Dr. Svetlana Ikonnikova, provides initial forecasts in an interview. 📰

Last Thursday (June 20, 2024), the EU agreed on a new package of sanctions against Russia. For the first time, it targets liquefied natural gas (LNG) supplies and Putin's ghost fleets.

🎤 ”What is needed now is greater coordination between the EU and its partners in the Middle East and Asia to ensure that Russia does not find another loophole for the new EU sanctions,” says Ikonnikova.

➡ Read the full interview here (in German): https://www.fr.de/wirtschaft/eu-sanktionen-treffen-erstmals-russissches-lng-folgen-fuer-europaeischen-gasmarkt-zr-93142450.html
TU München The University of Texas at Austin

🌐 35 international experts and young scientists talk 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀 𝗶𝗻 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴 at our TUM Campus Heilbronn

🎤“I had a great experience in Heilbronn. It crossed all the boxes of a successful academic event: I travel home with new knowledge, ideas, and friends”, says Torbjørn Netland from ETH Zürich.

🎤 Karen Donohue from the University of Minnesota - Carlson School of Management adds: “An amazingly inspiring two days! It was a pleasure to be part of this year's DTOM workshop, which focused on the human element in digital technologies.”

Professor David Wuttke and Professor Martin Meißner from the Center for Digital Transformation hosted the 4th annual workshop on Digital Technologies in Operations and Marketing ( ). 35 international experts and young scientists met at our Campus in Heilbronn, where they highlighted the aspect in their research presentations and discussions

We were honored to hear from Karen Donohue and Carl-Philip Ahlbom, who gave insightful keynote speeches.

Philipp A. Rauschnabel moderated a panel discussion on "A slightly technical perspective on technologies," featuring Michela Carraro, Dominik Mahr, Christoph Schmidt, and Teck Ming (Terence) Tan.

🙌 A heartfelt thank you to all participants for their contributions to the and the fantastic support of Franziska Schmidt and Katharina Scheible.

We ❤️ ! 🏙️ 🌄
Munich is among the TOP 4 student cities in the world, right after 😍
1. London 🇬🇧
2. Tokyo 🇯🇵
3. Seoul 🇰🇷

The QS World University Rankings Best Student Cities 2025 ranks top study destinations worldwide to reveal which cities are the most student-friendly according to several factors such as student view, student mix, employer activity, affordability, and desirability.

Munich's vibrant and innovative , its unique cultural offerings, and its beautiful landscape make it an outstanding choice for students and scholars alike.

➡ To the ranking: https://www.topuniversities.com/city-rankings

🎓 🚀 How the TUM School of Management is shaping higher education
The recent issue of WirtschaftsWoche casts a spotlight on the revolutionary role of in education, showcasing the innovative initiatives at TUM School of Management.

🛸 From Konstantin Unterhuber driving innovation with autonomous drones,
🤖 to Penny Hung's pioneering AI ventures and Jan Plüer's impactful contributions to AI applications, such as the chatbot project at our school,
💡 to our Dean Gunther Friedl’s vision of a shared language between economists and engineers,
💪 and our Managing Director Barbara Tasch's support in fostering student-led innovations.

🙌 Together, we illustrate our commitment to integrating technology and management to prepare future leaders for creating sustainable .

➡ Read the full article here: https://www.wiwo.de/my/erfolg/hochschule/bildung-wenn-ki-alles-weiss-was-lohnt-sich-noch-zu-lernen-und-an-welchen-hochschulen/29846270.html

🛸 More about LEVITUM on our Instagram channel: https://www.instagram.com/stories/highlights/18035858257978308/

🤖 More about the chatbot project on our website: https://www.mgt.tum.de/our-stories-with-impact/stories/academic-flagship-project-for-ai-in-bavaria-goes-live

📸: Daniel Delang

🔬🔍Exploring the Business Impact of Choice Architectures on Search Engines
We are proud to announce that Jens Foerderer, Professor for Innovation & Digitalization at the TUM School of Management, TUM Campus Heilbronn Heilbronn, has been awarded a grant of €229,000 by the Deutsche Forschungsgemeinschaft (DFG) - German Research Foundation for his research on "Choice Architectures on Search Engine Platforms: An Analysis of the Impact of Infinite Scrolling on Firms and Competition". The project starts this year.

📜👀 This research will examine the impact of infinite scrolling, a prevalent choice architecture on search engine platforms, on business and market dynamics. Infinite scrolling changes by providing a continuous vertical flow of results, yet its broader implications for businesses are not well understood.

The project will particularly examine how Google's recent introduction of infinite scrolling affected website traffic, search volume, and advertising prices 📊💻. The results will help us better understand choice architectures on search engines, which are a critical hub for consumer attention in the digital economy.

👏 Congratulations! We are looking forward to the findings! 👏

🏆 Best in , , and 🎉
The Technical University of Munich has successfully defended its pole position in the Times Higher Education University Impact Rankings 2024

The rankings identify universities that excel across multiple United Nations Sustainable Development Goals ( ) and their contribution to sustainable innovation, taking into account research, spin-offs, and industry partnerships.

TUM received the maximum number of points and was ranked No.1 for the fourth time, along with seven other universities. 😊

Our TUM School of Management students benefit from our research and collaboration with the industry and our entrepreneurial education. 📚 We believe in a close link between academia and industry to prepare students for their future role in the economy. 🏭

For its University Impact Rankings, the highly respected British magazine Times Higher Education (THE) evaluates the impact of universities in different categories. The score in the Industry, Innovation and Infrastructure category reflects 👉 the number of research publications in areas with a high impact on sustainable innovation, such as energy, Industry 4.0 and smart cities. The ranking also reflects the 👉 number of citations of research work in patents, 👉 the number of spin-offs founded, and 👉 the volume of research income received from industry.
THE evaluated 1,018 universities from 101 countries/regions for the SDGS 9.

🚀 The prestigious Babson College Research Conference (BCERC) was hosted by bringing it to Germany for the 1st time in its history.

🌐 We welcomed over 350 leading experts in the field of entrepreneurship research from 26 countries around the globe and enjoyed more than 200 insightful presentations on the latest trends in entrepreneurship. The is the most important international conference in entrepreneurship research offering a fantastic platform for collaboration and hashtag .

💡 By hosting the conference at our hashtag campus, we showcased our dedication to creating knowledge for entrepreneurial thinkers. Attendees could also dive into our entrepreneurship .

🏆 The Award Dinner took place at the Hofbräuhaus, which was the perfect spot to celebrate the achievements with traditional Bavarian food and drinks. 🥨

The conference was co-organized by Prof. Holger Patzelt and Prof. Nicola Breugst and the team from the TUM Entrepreneurship Research Institute, in particular Carmen Anna Elisa Baur and Julia Kirsch, as well as Professor Andrew Zacharakis from Babson College.

🎓 The connected doctoral consortium for 25 students was organized by Prof. Hana Milanov from TUM and Grégoire DENIS from HEC Montréal.

❤️ A heartfelt thank you to our supporters: Babson College, UnternehmerTUM, UnternehmerTUM MakerSpace GmbH, Celonis, Peter-Pribilla Foundation, and Deutsche Forschungsgemeinschaft (DFG) - German Research Foundation (DFG).

🙌 Moreover, another big thank you to Professor Claudia Peus, TUM’s Senior Vice President of Talent Management and Diversity, and Professor Gunther Friedl, the Dean of TUM School of Management, who both highlighted TUM’s outstanding role as an entrepreneurial university.

💯 We highly appreciate all the work by the entire TUM Entrepreneurship Research Institute and the TUM School of Management team.


📷: Sebastian Kissel