IMC Report 2015 - opus4.kobv.de · PDF fileOnce again, we can look back on a successful year...
Transcript of IMC Report 2015 - opus4.kobv.de · PDF fileOnce again, we can look back on a successful year...
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Excellence in Management Education
IMC Report 2015
2
Impressum
WHU – Otto Beisheim School of Management
Institute of Management Accounting and Control (IMC)
Burgplatz 2
56179 Vallendar
Germany
Phone: +49 (0)261 6509-470
Email: [email protected]
www.whu.edu/controlling
4 ���� Preface
6 ���� Team
7 ���� The IMC at Work and Play
8 ���� Scholarships
8 ���� Doctoral Degrees
9 ���� Alumni
Content
10 ��� Research
11 ��� Highlights�� WHU Doctoral Program in Manage-
ment Accounting Ranked #6 in
Europe
�� Strengthened Collaboration Between
IMC and DUFE:
DFG and NFSC Approve Funding for
Sino-German Research Symposium
�� Utz Schäffer Appointed Contact Per-
son of Committee for Handling
Security-Relevant Research Set Up
by DFG
13 ��� Refereed Articles
14 ��� Research Activities�� Collaboration With the Henkel
Center of Consumer Goods (HCCG)
Goes From Strength to Strength
�� Wipro Center for Business Resil-
ience: How Do New Technologies
Affect Management Accounting and
Control?
�� Marko Reimer and Sebastiaan Van
Doorn Receive Research Grant From
British Academy
�� Leona Wiegmann Receives
Research Grant From Dr. Werner
Jackstädt Foundation
�� Academic Discourse in an Informal
Atmosphere: ACMAR 2015
�� Exchanging Ideas Around the World:
Professor Martin Hiebl Presents
Paper on Strategic Planning in
Family Firms
18 ��� Conferences and Research Colloquia
3
19 ��� Teaching
20 ��� Highlights�� New Edition of Classic Textbook
“Einführung in das Rechnungs-
wesen”
�� Students: Teaching and Classes at
IMC
21 ��� Classes at WHU�� Doctoral Program
�� Master of Science Program
�� Bachelor of Science Program
�� Full-Time MBA Program
�� Guest Speakers
23 ��� Theses at IMC�� Nadja Marx: Is Mother Theresa a
Sinner? The Role of the “Advocatus
Diaboli” in the Canonization Process
of the Roman Catholic Church
�� Maren Schönfelder: Shared Service
Center: Assessing its Effects on the
Role of Management Accountants
�� Dominic Djannesari: Business Part-
nering in Practice – The Relationship
Between Controllers’ Roles and
Reporting Practices
�� Victoria Gierok: How to Get the Right
Performance – Management Control
Systems in Public Schools
25 ��� Management Abroad
26 ��� Business Engagement
27 ��� Highlights�� WHU on Controlling
�� Future-Oriented Controlling – Com-
ponents of Success
�� Utz Schäffer Delivers Keynote at
AHK Workshop in Suzhou
�� Utz Schäffer Attends IFAC Meeting
in Brussels
�� Center for Controlling & Manage-
ment (CCM)
�� Controlling & Management Review
�� WHU Controller Panel
�� Management and Control in Public
Institutions
34 ��� Executive Presentations
36 ��� Selected Practice-Oriented Publications
37 ��� Last but Not Least
4
Preface
Dear Readers,
Once again, we can look back on a successful year for the IMC which was full of
activities in each of our three pillars – research, teaching and business engagement.
We have made consistent progress in each of these three fields.
Let’s start with research. In the past year, four researchers successfully earned their
doctoral degrees and several of the Institute’s papers were accepted by high-ranking
international journals, notably in Management Accounting Research and Contempo-
rary Accounting Research. The Annual Conference for Management Accounting
Research (ACMAR) retained and strengthened its position as one of the leading con-
ferences for the management accounting community in Europe. A further highlight
last year was the approval of extra research funding from the German Research
Foundation (DFG). The DFG is promoting next year’s symposium on sustainability
and controlling, which will be jointly organized by the IMC and the School of Account-
ing at Dongbei University of Finance and Economics (DUFE) in Dalian, China. Another
highlight was the recognition of our high research productivity: IMC doctoral gradu-
ates are amongst the most productive young researchers in Europe. In a ranking of
PhD programs based on the research productivity of each institution’s graduates in
the years immediately following their graduation, WHU ranks No. 2 in Germany and
No. 6 in Europe. That’s an impressive feat!
On the teaching side, there are at least two points worth mentioning. First, we have
begun to create controlling case studies as a basis for academic teaching. They offer
opportunities to discuss developments in German companies and will help to fill a
gap in the range of international case studies currently available. The first two case
studies are almost finished, and others will follow soon. Second, we must mention
the 9th edition of the classic textbook “Einführung in das Rechnungswesen”, which
has been considerably extended in the area of cost accounting.
In the field of business engagement, there were two particular highlights. One of
these is the Working Group “Management and Control in Public Institutions” which is
moving into its second phase. The group has been expanded to include new mem-
bers, such as the Federal Foreign Office and the Federal Office for Migration and
Refugees. Now that the change concept has been finalized, we are focusing on
implementing concrete measures toward New Public Management.
Our second highlight concerns the way we communicate our wide-ranging activites
into practice. We have created a new digital platform for this purpose, namely WHU
on Controlling. The platform condenses our activities into a format that is easily
accessible for practitioners. It has a number of key features, notably that it differenti-
ates between those users who are searching for specific topics and those who are
more closely associated with us. For this latter group, we have created the WHU
Controller Circle, which offers members certain benefits such as discounted registra-
tion for the WHU Campus for Controlling. In terms of content, the platform provides
5
two new rubrics: Our conceptual view of controlling can be found under “Perspec-
tives”, while we take a closer look at developments that are having a significant influ-
ence on management accounting or the finance function in “Latest Thinking”. We are
also exploring new channels of communication with short video clips that illustrate
our perspectives – why don’t you take a look! WHU on Controlling will be networked
with the intranets of our close partners, and we can also now be found on the social
media sites Xing and LinkedIn. First indications from the hit rates are that our new
offerings have been well received.
Finally, a few words about our continuing commitment to the university. The senior
faculty have been re-elected to the Senate of WHU. Utz Schäffer is Group Speaker of
the Management Group, Ombudsman, and Contact Person for the Joint Committee
on the Handling of Security-Relevant Research set up by DFG. Jürgen Weber is
Associate Dean Corporate Connections.
We already have a number of exciting new plans in store for 2016. But for now, enjoy
reading our 2015 report!
Utz Schäffer and Jürgen Weber
6 Team
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�� The IMC at Work and Play
�� Scholarships
�� Doctoral Degrees
�� Alumni
Team
Team 7
The IMC at Work and Play
Research Group Organizational Change
Research Groups Controlling & Strategy Execution and The Roles of CFOs and Controllers
We use our team events to get to know each other in a more informal atmosphere
away from the distractions of the Institute. Over the years, we have found that we
don’t need to hold high-octane cooking events or GPS tours with geocaching in
order to get everyone together and have a great time! Last year we had plenty of fun
doing relatively simple things such as a team quiz or a game of football.
Our monthly team days are another important way of communicating with each
other. In addition to the plenum, which we use to provide a general overview of the
Institute’s activities, the team days focus on the two research groups which meet
afterwards. These meetings give the doctoral students an opportunity to present
their latest research to the faculty and other students in their research group and thus
receive valuable feedback for developing their work further. These discussions are
extremely important throughout the doctoral program and an integral part of the
research culture at the Institute.
8 Team
Doctoral Degrees
Among the IMC doctoral students, Simone Just and Lukas Petrikowski hold scholar-
ships from the Konrad-Adenauer-Stiftung and Stefan Grunwald-Delitz from the Frie-
drich-Ebert-Stiftung. These scholarships are awarded to students and graduates of
exceptional academic achievement and outstanding political or social commitment.
Yuting Wu
Sigrid Gschmack and Torben Tretbar
Doctoral Degree Title of DissertationFirst Supervisor Next Step after IMC
Sigrid Gschmack The Influence of Top Management and Middle Man-agement on Strategic Decisions in Family Firms
Utz Schäffer BMW AG (Controlling Projects)
Ulrich Lewerenz The Contestation of Conflicting Institutional Logics across Different Institutional Levels – The Diffusion of the Shareholder Value Approach in Germany
Utz Schäffer Book a Tiger (Head of Opera-tions)
Torben Tretbar The Implications of Family Firm Owners‘ Involve-ment in the Top Management Team: An Empirical Study in Light of Family Goals
Utz Schäffer Linde AG (Analyst Investment Projects)
Yuting Wu The Decision-Making Use of Performance Measure-ment Systems in the Headquarters-Subsidiary Rela-tionship: Evidence from China
Utz Schäffer Siemens AG (Senior Associ-ate, Finance Excellence Pro-gram)
Scholarships
Team 9
Patrick Heinemann obtained a double degree in business administration at the Euro-
pean Business School (EBS) in Oestrich Winkel and the Thunderbird Graduate School
of International Management. In 2006, he finished his doctoral studies on the use of
management accounting information under the supervision of Utz Schäffer. After
joining the restructuring team of Roland Berger Strategy Consultants between 2007
and 2010, Patrick moved into industry early in 2011 as Head of Corporate Develop-
ment & M&A for VBH Holding AG, the world’s largest retailer for window and door
hardware. He was operationally responsible for the group restructuring program and
subsequently promoted to CFO/COO of the German subsidiary VBH Deutschland
GmbH. This year, he returned to the Restructuring & Corporate Finance Competence
Center of Roland Berger in Stuttgart where he has held the position of Principal since
April. His focus lies on restructuring medium to large companies and corporate per-
formance programs.
Daniel Kauer joined Utz Schäffer’s chair at EBS in 2004. Prior to this, having gradu-
ated from the Technical University of Stuttgart with a diploma in business administra-
tion, he had been working as a consultant with McKinsey for 2 years. As a member
of an EBS research group on Strategic Sensemaking, Daniel investigated the influ-
ence of managers’ functional and organizational experience on strategic sensemak-
ing. Having finished his dissertation, he went back to McKinsey for a further 6 years,
focusing on automotive and assembly industries, and module strategies. In 2013, he
joined Volkswagen Nutzfahrzeuge in Hannover as the product manager responsible
for the pickup Amarok. Since 2014, he has been leading the Volkswagen Nutz-
fahrzeuge’s division for product management, bearing responsibility for the global
product portfolio strategy, CO2 management, connectivity strategy as well as overall
product management across all product lines of Volks wagen Nutzfahrzeuge.
Barbara E. Weißenberger gained her doctorate and qualified as professor at the
WHU – Otto Beisheim School of Management from 1992 to 2002. Her habilitation
thesis was awarded the Austrian Controller Award in 2003. That same year, she
accepted a professorship in Business Administration IV, esp. Controlling and Inte-
grated Reporting at the Justus Liebig University Giessen, which she led until Septem-
ber 30, 2014. After receiving calls to other universities (Ulm University, Freie Univer-
sität Berlin), Barbara E. Weißenberger has held the Chair of Accounting (succeeding
Professor Klaus-Peter Franz) at the Heinrich Heine University Düsseldorf since Octo-
ber 01, 2014. This Chair covers subjects such as international accounting, controlling
and auditing.
In September 2014, Barbara E. Weißenberger was appointed Affiliate Professor of
Accounting at the Faculty of Bucerius Law School, Hamburg.
Barbara E. Weißenberger is a member of numerous scientific societies and sits on the
editorial boards of national and international scientific journals. She has been CEO of
the Association of University Professors of Management e.V. since January 1, 2015.
Alumni
10 Research
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�� Highlights
�� Refereed Articles
�� Research Activities
�� Conferences and Research Colloquia
Research
Research 11
WHU Doctoral Program in Management Accounting Ranked #6 in EuropeDoctoral graduates of the IMC are amongst the most productive young researchers
in Europe. In a ranking of PhD programs based on the research productivity of each
institution’s graduates in the years immediately following their graduation, WHU
ranks No. 2 in Germany and No. 6 in Europe. “We are delighted with this result”, said
Utz Schäffer, director of the IMC. “It is gratifying to see that our doctoral program not
only has practical relevance, but is also making contributions at the cutting-edge of
international research.”
The annual ranking, produced by Scott L. Summers and David A. Wood of Brigham
Young University, relates to the number of peer-reviewed articles published in 12 of
the world’s most prestigious accounting journals in a three-year post-graduation win-
dow. The quality of each PhD program is measured in terms of how often its gradu-
ates published in one of the selected journals over this period.
Strengthened Collaboration Between IMC and DUFE: DFG and NFSC Approve Funding for Sino-German Research SymposiumThe Sino-German Center for Research Promotion (SGC) has accepted a proposal for
a research symposium that will be jointly organized by the IMC and the School of
Accounting at Dongbei University of Finance and Economics (DUFE) in Dalian, China.
The SGC, which is financed by the National Natural Science Foundation of China
(NSFC) and the Deutsche Forschungsgemeinschaft (DFG, German Research Founda-
tion), is unique in its status as a German-Chinese joint venture in research promotion.
Highlights
12 Research
The symposium, which will take place in Dalian in spring 2016, will convene more
than 15 researchers from China and Germany who will address the call for more
research on environmental management and controlling to mitigate problems arising
from environmental pollution. Given the environmental challenges to all major econo-
mies, the symposium will focus on Germany, a pioneer in this field, and China, which
faces enormous environmen-
tal challenges caused by its
impressive economic growth.
More specifically, the
speeches and discussions
will focus on water and air
pollution as well as carbon
emissions. “We have invited
Chinese and German
expertsfrom the fields of
environmental management
and controlling respectively
to enable a constructive and
productive dialogue aimed at
establishing a foundation for
future research projects”,
says Utz Schäffer. The central
question to be discussed is:
How to successfully imple-
ment environmental accounting and corresponding control practices in a Chinese
business environment with a very unique culture, management philosophy and gov-
ernance structure?
Utz Schäffer Appointed Contact Person of Committee for Handling Security-Relevant Research Set Up by DFGThe “Joint Committee on the Handling of Security-Relevant Research” was estab-
lished by the German Research Foundation (DFG, Deutsche Forschungsgemein-
schaft) and the German National Academy of Sciences Leopoldina. It aids research
institutions in the sustainable implementation of the recommendations on “Scientific
Freedom and Scientific Responsibility” that were published by DFG and the Leopol-
dina in June 2014.
Utz Schäffer has been appointed WHU contact person of the joint committee, which
acts as a point of contact for queries regarding a responsible approach to security-
relevant research and provides a platform where research institutions can share their
experiences.
Dongbei University of Finance and Economics (DUFE), Dalian
Research 13
Refereed Articles
Becker, S., Mahlendorf, M., Schäffer, U., & Thaten, M.: Budgeting in Times of
Economic Crisis
The paper combines survey and archival data to analyze the changing importance of
different budgeting functions during the economic crisis that began in 2008. The
results indicate that budgeting became more important for planning and resource
allocation but less important for performance evaluation. Additional evidence from
interviews and data gathered in a focus group further illustrate the changes organiza-
tions have introduced to respond to the economic crisis.
Brockhoff, K., Margolin, M., & Weber, J.: Towards Empirically Measuring Patience
In the economic literature patience is mostly considered a one-dimensional concept
and often measured as an individual’s willingness to defer consumption as expressed
by the implicit time discount rate. This study argues that patience has a broader,
multi-dimensional meaning. To support this view the authors conduct a survey with
19 items derived from prior studies that measure certain aspects of patience. The
data analysis supports a multi-dimensional view of patience by revealing that only a
small subset of the 19 items is correlated with self-evaluations of patience, which in
turn is correlated with the standard economics measure of time discount rate.
Schäffer, U., Strauß, E., & Zecher, C.: The Role of Management Control Systems in
Situations of Institutional Complexity
This study investigates in depth how decision-making of different organizational
members is shaped by various management control systems (MCSs) that reflect dif-
ferent institutional logics, how the entire organization deals with the arising institu-
tional complexity, and which role different management controls as a system play in
such situations. The results show options for organizational leaders to deal with dif-
ferent kind of worldviews (i.e. logics) that shape employees’ behavior. Particularly,
this paper explains how leaders can restructure their MCSs to influence human
behavior in times of radical change.
Voußem, L., Kramer, S., & Schäffer, U.: Fairness Perceptions of Annual Bonus
Payments: The Effects of Subjective Performance Measures and the Achievement
of Bonus Targets
The authors argue that the effect of subjectivity on fairness perceptions follows an
inverted U-shaped relation, consistent with the idea that subjectivity increases fair-
ness perceptions when the overall emphasis on subjective measures is relatively low
– but that subjectivity decreases fairness perceptions when the overall emphasis on
subjective measures is relatively high. The authors use a time-ordered cross-sec-
tional survey study design to separate the measurement of ex ante contract charac-
teristics from the measurement of actual bonus payments and managers’ fairness
perceptions. They find that managers use bonus targets as referent standards,
whose achievement increases perceptions of distributive fairness, but not of proce-
dural fairness.
Contemporary Accounting
Research
Universal Journal of
Management
Qualitative Research
in Accounting and
Management
Management Accounting
Research
14 Research
Research Activities
Collaboration With the Henkel Center of Consumer Goods (HCCG) Goes From Strength to StrengthNow in its 6th year, the Henkel Center of Consumer Goods (HCCG) can look back on
a very successful year in 2015. In all areas – teaching, research, and business engage-
ment – various events took place that further strengthened the already strong ties
between Henkel and WHU. With Jürgen Weber, who is a member of the HCCG Advi-
sory Board, and Marko Reimer, who is a member of the HCCG team, the IMC is
actively involved in many of the center’s activities.
One of the highlights in 2015 was the visit of Kathrin Menges (Executive Vice Presi-
dent Human Resources and Infrastructure Sevices) and Carsten Knobel (Executive
Vice President Finance / CFO) to the WHU campus in Vallendar. On November 13,
both top management team members invited
selected students from all programs to an exclusive
breakfast and also gave a joint guest lecture on
“Inspired Global Teamwork: Cross-Company Col-
laboration and Top-Talent Acquisition” to a wider
WHU audience. In the afternoon, WHU hosted the
8th HCCG Advisory Board Meeting. Marko Reimer,
who is responsible for joint activities in the field of
Finance/Controlling, presented a broad spectrum of
teaching and research collaborations. For example,
Jürgen Weber’s Controlling and Cost Accounting
lectures included guest speeches by Dr. Christian
Hebeler (Corporate Vice President, Financial Direc-
tor Laundry & Home Care) and Dr. Hendrik Angelkort
(Head of Functional Controlling / Special Projects,
Adhesive Techno logies).
As part of their Management Abroad courses, Utz
Schäffer and Marko Reimer visited Henkel’s facili-
ties in Shanghai and Guangzhou respectively with
their WHU students.
On the research side, Marko Reimer presented intriguing results on strategic con-
sensus in Henkel’s senior controller teams based on the joint research project on
“Mapping Controller Community at Henkel”.
Board Meeting of the Henkel Center for Consumer Goods (HCCG)
Research 15
Wipro Center for Business Resilience: How Do New Technologies Affect Management Accounting and Control?Based on the strong belief that corporate success and long-run survival in rapidly
and disruptively changing market environments demand a radically different way of
thinking about strategy and technology, the Wipro Center for Business Resilience
was initiated in 2014. The Wipro Center seeks to investigate from different scholarly
perspectives how the increasing pace of technological evolution will affect the world
of management and leadership over the next decade.
The IMC and Leona Wiegmann, who is a fellow of the Wipro Center, actively contrib-
uted to the objectives of the Center by investigating how changes in management
accounting and control are driven by new technologies. Based on data from the WHU
Controller Panel and from single case studies, the researchers found that modern IT
systems can enable controllers’ transformation to business partner by enhancing
standardization and data quality. Based on these preconditions, modern IT systems
increase efficiency and managers’ satisfaction with processes, by helping to support
managerial decision-making through deeper analysis. Furthermore, companies who
deploy modern IT systems are characterized by a more intensive intraorganizational
exchange of information and a more open way of dealing with problems. As a result
of this research project, the IMC has published articles in practitioner journals, such
as CIO Magazin and Controlling.
The potential that IT systems offer seems to suggest that an intense collaboration is
necessary between IT and controlling. Therefore, in 2016 the IMC’s research focus at
the Wipro Center for Business resilience will be on the collaboration of the CFO and
CIO.
Marko Reimer and Sebastiaan Van Doorn Receive Research Grant From British AcademyMarko Reimer and his co-author Sebastiaan Van Doorn of Warwick Business School
have received a research grant from the prestigious British Academy as financial sup-
port for a current research project. In this project they investigate formative life events
of CEOs and their various implications for companies.
The British Academy is the United Kingdom’s national academy for the humanities
and social sciences. It was established in 1902 and received its Royal Charter from
King Edward VII.
Leona Wiegmann
16 Research
Leona Wiegmann Receives Research Grant From Dr. Werner Jackstädt FoundationLeona Wiegmann and her co-researchers have received a grant from the Dr. Werner
Jackstädt foundation providing financial support for a joint research project. The pro-
ject is dedicated to decision making in the digital age and investigates the influence
of individual and organizational information processing on companies’ success.
The Dr. Werner Jackstädt foundation is a private foundation established in 2002. Its
purpose is to stimulate modern initiatives, which respond to the ever-changing con-
ditions in business administration, and to support young researchers in this field.
Academic Discourse in an Informal Atmosphere: ACMAR 2015 The 12th Annual Conference for Management Accounting Research (ACMAR) at
WHU was a popular meeting point for the international academic management
accounting community on March 5 – 6, 2015. Three keynote speeches, parallel ses-
sions, a poster session, and a doctoral colloquium still left ample room for stimulating
academic discourse. Behavioral Controlling and the cooperation between research
and practice turned out to be topics of major interest to the participants. Utz Schäffer
and Jürgen Weber welcomed around 130 professors, researchers, and doctoral stu-
dents to Vallendar. “We especially invite young researchers to engage in discussions
and use the opportunity to exchange views and insights in a relaxed atmosphere”,
said Utz Schäffer in his opening speech.
Sally Widener, professor at Clemson University (USA), kicked off the conference with
her keynote entitled “Untapped Possibilities – Survey Methods and Behavioral Man-
agement Accounting Issues”: She underlined that there is more to successful busi-
ness performance than external factors – human behaviour must be taken into
account as well. According to her, there is a need for much more research into Behav-
ioral Controlling. “The tap is only dripping, we have not fully opened it”, said Widener.
She also called for a combination of all available methods used in research. Best
results can be achieved when experiments and surveys are combined and integrated.
Dr. Martin Muhr, CFO of RWE Retail und Essent (NL), also focused on Behavioral
Controlling. The practitioner told a room full of academics that cognitive biases
played a key role in investment decisions, which contributed to RWE’s current diffi-
cult situation. As a consequence, RWE has now introduced debiasing techniques.
ACMAR 2015
Utz Schäffer at the ACMAR Doctoral Colloquium
Research 17
Muhr concluded: “Organizations can
improve their decision-making process
by using certain debiasing techniques.”
Establishing long-term cooperation
between research, teaching, and prac-
tice is Professor Anne Wu’s (National
Cheng Chi University) objective. In the
third keynote at ACMAR, she elaborated
on her experiences in working with busi-
nesses in China. Anne Wu has been
advising companies who are establish-
ing controlling in their organizations for a
number of years now. According to her,
“planting trees” in the business world
years ago, enables her to harvest
“apples and cherries” today. Professor
Wu uses research and solution models
that can be offered to other companies as well.
Ahead of the conference, ten doctoral students from the UK, Switzerland, Austria, the
Netherlands, and Germany took the opportunity to discuss their own research with
Sally Widener, Anne Wu, and Utz Schäffer at the ACMAR Doctoral Colloquium. A
number of different research areas were covered, including risk-taking in British
investment banks, controller roles in organizations, and the short- and long-term
implications of incentive schemes. Besides this, the doctoral students were given
insights into the broad range of methods used in management accounting research.
Exchanging Ideas Around the World: Professor Martin Hiebl Presents Paper on Strategic Planning in Family FirmsProfessor Martin Hiebl presented his working paper on strategic planning in family
firms at a WHU research seminar. In his paper, he identifies and reviews studies that
investigated the antecedents, characteristics or consequences of strategic planning
in the specific context of family firms. Based on this literature, he discusses implica-
tions for research in the field of strategic management accounting and highlights
fruitful avenues for further research.
Professor Hiebl was recently appointed to the Chair of Management Accounting and
Control at the University of Siegen. His research interests include management
accounting and control in family firms, and the role of chief financial officers in organ-
izations. He has published his research in leading national and international journals
such as Schmalenbach Business Review and Journal of Management Accounting
Research.
Assistant Professor Lukas Goretzki, Dr. Stephan Kramer, Professor Erik Strauß, Jürgen Weber (from left to right)
18 Research
Conferences and Research Colloquia
Presentations by IMC Researchers at scholarly conferences and research colloquia Place, Date
AAA American Accounting Association, MAS Subsection Newport Beach, January
ACMAR Annual Conference for Management Accounting Research Vallendar, March
AOM Annual Meeting Academy of Management Vancouver, August
DUFE Dongbei University of Finance & Economics Dalian, May
EAA European Accounting Association Annual Conference Glasgow, April
EAA European Accounting Association Doctoral Colloquium St. Andrews, April
EGOS European Group for Organizational Studies Doctoral Colloquium Athens, June/July
EGOS European Group for Organizational Studies Conference Athens, July
EIASM Conference of Performance Measurement and Management Control Nice, September/October
EIASM Workshop on Top Management Teams and Business Strategy Antwerp, March
ENROAC European Network for Research in Organisational & Accounting Change Galway, June
EURAM European Academy of Management Annual Conference Warsaw, June
ERMAC Empirical Research in Management, Accounting & Control Vienna, May
Teaching 19
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�� Highlights
�� Classes at WHU
�� Theses at IMC
�� Management Abroad
Teaching
20 Teaching
Highlights
New Edition of Classic Textbook “Einführung in das Rechnungswesen”The standard textbook on internal and external accounting has been thoroughly
revised and brought up-to-date to include current legislation and new chapters on
relevant areas of accounting practice. The subject matter is presented clearly and
comprehensively using a case study that runs throughout the book, as well as illus-
trative graphics and tables. This is a textbook that is relevant for both teaching and
practice, and which puts financial accounting and cost accounting in an overall con-
text while describing how they are interrelated.
The book includes an practical “instruction manual” which explains how cost
accounting can be used to support specific decisions and planning activities in
everyday business situations. It also takes a look at new developments in cost
accounting such as activity-based costing and customer profitability analysis. Each
chapter has a learning objective and questions with sample solutions so that readers
can keep track of their progress.
This is the 9th edition of the classic textbook written by Jürgen Weber and Professor
Barbara E. Weißenberger.
Students: Teaching and Classes at IMCWe aim to provide our students with the knowledge and skills they need in practice.
Therefore, our teaching activities are guided by two considerations: Firstly, control-
ling systems are designed and used by people, namely managers and controllers,
which is why most of our teaching follows a behavioral and social perspective. Sec-
ondly, controlling and strategy execution are based on important tools that students
need to learn and understand. However, analytical
problem solving, communication skills, and the
development of the student’s personality are at
least as important. As a matter of fact, we want to
contribute to the development of responsible lead-
ers in the finance function and beyond.
The IMC Student Affairs team is responsible for
managing and coordinating all activities relating to
the courses offered by the IMC. These include, for
example, supporting the faculty in the preparation
and follow-up of their courses as well as communi-
cating with the administrative bodies of the WHU
(e.g. the examination office, program planning, cen-
tral services, etc.). In addition, our Student Affairs team is the first point of contact for
students as it is familiar not only with the administrative processes of WHU, but also
with the contents of the lectures.
The IMC’s Student Affairs team
Teaching 21
Classes at WHU
Doctoral Program�� Introduction to Research in Management Control – 3 ECTS / Spring Term (Utz
Schäffer / Jürgen Weber)
�� Research on the Counterpart in the Finance Function – 3 ECTS / Spring Term (Utz
Schäffer / Sebastian Fourné)
Master of Science Program�� Strategy Execution – 5 ECTS / Spring Term (Utz Schäffer)
�� Advanced Management Accounting and Control – 5 ECTS / Fall Term (Utz Schäffer)
Bachelor of Science Program�� Finance Function Challenges – 3 ECTS / Spring Term (Edgar Ernst)
�� Introduction to Research and Academic Writing – 3 ECTS / Spring Term (Sebastian
Fourné)
�� Case Studies in Management Accounting and Control – 3 ECTS / Spring Term
(Marko Reimer)
�� Management Abroad Course – Pearl River Delta, China – 3 ECTS / Spring Term
(Marko Reimer)
�� Management Abroad Course – Shanghai, China – 3 ECTS / Spring Term (Utz
Schäffer)
�� Managing Controllership – 3 ECTS / Spring Term (Jürgen Weber)
�� Structured Problem Solving – 3 ECTS / Spring Term (Utz Schäffer)
�� Controlling (German) – 6 ECTS / Fall Term (Jürgen Weber)
�� Controlling (English) – 3 ECTS / Fall Term (Sebastian Fourné)
�� Cost Accounting (German) – 6 ECTS / Fall Term (Jürgen Weber)
�� Cost Accounting (English) – 3 ECTS / Fall Term (Leona Wiegmann)
�� Organizations, Environment, Leadership, and Governance (Introduction to Busi-
ness Administration / German) – 1 ECTS / Fall Term (Jürgen Weber)
�� Strategies, Structure, and Systems (Introduction to Business Administration / Ger-
man) – 1 ECTS / Fall Term (Utz Schäffer)
�� Strategies, Structure, and Systems (Introduction to Business Administration / Eng-
lish) – 0,5 ECTS / Fall Term (Utz Schäffer)
�� Introduction to Research and Academic Writing – 3 ECTS / Fall Term (Sebastian
Fourné)
�� Structured Problem Solving – 3 ECTS / Fall Term (Utz Schäffer)
22 Teaching
Full-Time MBA Program�� Strategy Execution – 3 ECTS / Fall Term (Utz Schäffer)
Guest SpeakersThe IMC would like to thank the following guest speakers who participated in lectures
in 2015:
�� Dr. Hendrik Angelkort: Head of Functional Controlling & Special Projects, Adhesive
Technologies at Henkel AG & Co.KGaA
�� Dr. Lothar Burow: Head of Corporate Business Intelligence at Bayer AG
�� Dr. Christian Hebeler: Corporate Vice President, Financial Director Laundry &
Home Care at Henkel AG & Co. KGaA
�� Helmut Kaschenz: Managing Director Investment Banking Division at Morgan
Stanley
�� Stefan Schnell: Senior Vice President Corporate Controlling at BASF SE
�� Dr. Thilo Schumacher: Member of the Executive Board at AXA Konzern AG
�� Dr. Daniel Steiners: Head of Strategic Planning at Bayer HealthCare AG
�� Michael Wilkens: Senior Vice President Group Controlling at Deutsche Telekom
AG
�� Robert Winter: Head of Department for Performance Management at the Bun-
desagentur für Arbeit
Teaching 23
Theses at IMC
Nadja Marx: Is Mother Theresa a Sinner? The Role of the “Advocatus Diaboli” in the Canonization Process of the Roman Catholic ChurchThe goal of this paper was to find answers to the questions whether the devil’s advo-
cate is more than just a dissenter, whether the controller is his corporate equivalent,
and whether the controller could also fulfil the role of the dissenter. The research
started with a general overview over the importance of canonization and sainthood
for the Catholic Church and a historical recount of the process development. On this
basis the role of the devil’s advocate was analyzed and it was found that despite
having held the role of the dissenter for centuries, his other roles include information
center, process manager, changer, and consultant. As such, his roles show striking
similarities to the role of the controller in the firm, who is indeed the corporate coun-
terpart to the devil’s advocate. A deeper analysis of the similarities between the con-
troller and the devil’s advocate also yielded the result that the dissenter role would be
a valuable addition to the role portfolio of today’s controllers.
Maren Schönfelder: Shared Service Center: Assessing its Effects on the Role of Management AccountantsThis master’s thesis contributes to the current academic discussions about the
understanding of the impact on the management accountant’s work as implications
on if, and if yes, how, the role of management accountants changes. Following a
qualitative research approach, findings from a comparative case study of two Ger-
man-based multinational companies confirm the potential of shared service centers
to enhance the management accountant’s role with respect to increased busi-
ness-oriented work. However, empirical evidence also shows that ensuring data
quality over a geographical distance absorbs higher work capacity from the manage-
ment accountant than efficiency dictates. Furthermore, the execution of know ledge-
based management accounting tasks requires higher-class profiles in a shared ser-
vice center, almost comparable to the management accountant’s profiles in the
business.
24 Teaching
Dominic Djannesari: Business Partnering in Practice – The Relationship Between Controllers’ Roles and Reporting PracticesThis thesis explores how controller roles affect the internal reporting practices of
organizations. Existing literature on the antecedents, characteristics, and conse-
quences of controllers’ roles suggests a shift towards stronger business orientation.
The thesis shows that there are multiple effects of the three roles of business partner,
corporate policeman, and scorekeeper on the methods and the internal perception of
reporting. Furthermore, the direct effect of the controller roles and selectively interac-
tion effects between the roles and other reporting-related and environmental factors
have been investigated. Using survey data from 229 respondents in 18 different
industries, the thesis shows that the roles directly affect reporting on the formal and
the content level. Moreover, the roles have an influence on the perceived relevance of
the internal reporting and the management satisfaction with reporting. Summarizing
the latter, it appears that stronger emphasis of the business partner role leads to
higher internal relevance of reporting, and business partners’ content positively influ-
ences management satisfaction. Furthermore, these findings suggest that an empha-
sis on the corporate policeman role leads to higher relevance of reporting in uncertain
environments. These findings add to the understanding of the practical implications
of controller roles.
Victoria Gierok: How to Get the Right Performance – Management Control Systems in Public SchoolsFrom both a theoretical and an empirical perspective, the thesis at hand discusses
the reform of learning standards carried out in 2004 in Baden-Wuerttemberg. Its the-
oretical part contrasts a perspective of sociological control taken on by researchers
in the field of education with the view on management control brought forward by
Merchant and van der Stede. In this vein, the object of the study is evaluated as hav-
ing shifted from an input-focused to an output-focused model. A single case study
conducted only partly supports this theoretical argument, and shows potential rea-
sons for resistance to change.
Teaching 25
Management Abroad
For the eighth year in a row, the IMC led two groups of WHU students to China with
the Management Abroad Courses (MAC) which are designed to provide insight into
the practice of international as well as domestic companies in Asia. The opportunity
to experience China and learn more about major management topics in Shanghai
and the Pearl River Delta was well received by the participating students.
Marko Reimer and Fabian Hofmann organized the MAC program in China’s Pearl
River Delta. With a group of 30 students they visited manufacturing firms such as
Mascotte in the Guangzhou area and service firms such as Deutsche Bank in Hong
Kong. Several new companies were included into this year’s MAC program. For
example, students had the opportunity to visit the Miele production site for vacuum
cleaners (Dongguan) and the McKinsey office (Hong Kong). For the first time, MAC
students met the Managing Director China of Lesara who presented the company’s
business model and arranged a visit of local production facilities. Students gained
unique insights into the Berlin-based online start-up that was founded in 2013 by
WHU alumnus Roman Kirsch.
Utz Schäffer and Markus Ehrmann led their Management Abroad Course, which also
consisted of 30 students, to Shanghai. The agenda comprised visits to Volkswagen
& VW Transmission, Hansgrohe, Bayer, BASF, McKinsey, Procter & Gamble, Kueh-
ne+Nagel, Henkel, Kuka (furniture manufacturer), Metro, and PricewaterhouseCoo-
pers in Shanghai. Students also had the opportunity to meet with WHU alumni and
successful founders in Asia. Moreover, they had the chance to experience the cities
of Nanjing, Hangzhou and – together with Chinese students from Tongji University –
worked on a case study about sourcing strategies in the food industry.
Participants of the Manage-ment Abroad Course visited the Pearl River Delta and Shanghai
26 Business Engagement
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�� Highlights
�� Executive Presentations
�� Selected Practice-Oriented Publications
�� Last but Not Least
Business Engagement
Business Engagement 27
WHU on Controlling In August, the IMC launched its brand new platform for practice-related output called
WHU on Controlling. We would like to inform and inspire controllers, executives,
scholars, and students interested in controlling and strategy execution.
The platform offers valuable insights into our latest thinking and our perspective on
controlling. Content is provided through our blog, statements, and a selection of
recent publications. Users also have access to interviews with leading experts in the
area of controlling as well as to facts and figures from our WHU Controller Panel.
Users especially benefit from the Institute’s independent research on current control-
ling practices as well as perspectives on the future of controlling and strategy execu-
tion. These provide insights into the development of the finance function and the
transformation of the controller role to that of active business partner.
Check out our platform or follow us on Xing and LinkedIn to keep up-to-date on our
latest thinking and to have free access to selected publications.
www.whu-on-controlling.com
www.xing.com/companies/whuoncontrolling
www.linkedin.com/company/whu-on-controlling
Future-Oriented Controlling – Components of SuccessWhat makes controlling future-oriented? What are the components of success? More
than 120 participants enjoyed the congenial atmosphere and stimulating contribu-
tions of controlling experts and managers from a wide range of industries at this
year’s WHU Campus for Controlling.
At the start of the conference, Jürgen Weber stated that a key part of the controller’s
role, namely assuring management rationality, would become even more important in
future. Opportunism and the cognitive limitations of managers make it essential that
there is a “controlling culture” based on transparency, an open exchange of informa-
tion, constructive criticism, and target-oriented behavior, which all help to prevent
wrong decisions being made and contribute to a company’s success.
Highlights
Jürgen Weber gave the open-ing speech at the WHU Campus for Controlling
Perspective
Network
Publications
Latest Thinking
Figures
Conferences
Blog
28 Business Engagement
This message was continued by Dr. Peter Scherpereel (Head of Controlling Genera-
tion & Trading at RWE) who described how systematic errors can occur due to an
individual‘s perception and evaluation – so-called biases – which can have severe
consequences for companies. RWE, one of Europe’s leading utility companies, has
adopted measures to prevent the consequences of biases by implementing debias-
ing techniques in decision-making processes.
Dr. Jan Kemper (Senior Vice President Finance) and Dr. Jörg Engelbergs (Vice Presi-
dent Controlling) of Zalando described the controllers of their the early days as gen-
eralists who had little opportunity to “control”. The development to critical counter-
part and sparring partner of management has taken place gradually over the years
and in accordance with stakeholders’ needs. Zalando now has a controlling organi-
zation that combines finance, customer, and sales perspectives and also facilitates
the communication of essential information internally.
In her presentation entitled “Why Talk to Each Other? – The Interaction Between
Controllers and Managers in the Era of Digitalization”, Leona Wiegmann presented
the latest findings of the WHU Controller Panel. On the one hand, the study shows
that modern IT systems are causing the focus of controller activity to shift from the
supply and aggregation of data towards data analysis and interpretation as well as
communication and discussion. This puts controllers in a stronger position to pursue
business partnering activites. On the other hand, the study makes it clear that man-
agers are more than happy with the flexible, customized, self-service options availa-
ble to them, which allow them to find their own information without the help of con-
trolling. However, this does not mean that managers are willing to do away with
discussions with the controlling department – in fact, it is quite the opposite. Modern
IT systems provide an opportunity to get involved in more substantive discussions
and to address problems together.
The ”OSCAR” project, which was presented by Volker Hagemann, Head of Control-
ling of Leica Camera AG, was successful in establishing a client-oriented controlling
organization, standardizing queries and reports, and enabling interactive access to
figures and reports during meetings. Roles are now allocated within the controlling
department, which differentiate between experts, who are contact points for specific
technical areas such as purchasing or investments, and business partners, who pro-
vide a more communicative and people-oriented role and are contact points for
departmental managers. Moreover, applications, key figures, parameters, and filters
WHU Campus for Controlling
Business Engagement 29
Utz Schäffer at IFAC Meeting
have been defined in detail, which has greatly improved the clarity of communication
between managers and controllers (in the role of business partner). On the whole,
this has contributed to better corporate management and more recognition from
managers.
What is the job specification that controllers will have to fulfill in future and what new
tasks will they face? In the podium discussion, Volker Hagemann (Leica Camera AG),
Dr. Mark Jehle (Merz Pharma GmbH & Co. KGaA), Stefan Prause (Bayer AG), and
Björn Radtke (CTcon GmbH) discussed the next generation of controllers. The
experts are convinced that there will be higher expectations placed on business part-
ners and social skills, such as interaction and communication, will become increas-
ingly important. For the foreseeable future, however, it will still be possible to pursue
a career in traditional controlling as well as the new, management-oriented career as
business partner.
The next WHU Campus for Controlling will take place on September 16, 2016.
Utz Schäffer Delivers Keynote at AHK Workshop in SuzhouThe German Chamber of Commerce Shanghai and DUSA European Association, a
private non-profit organization based in Suzhou, jointly organized a workshop in
Suzhou, China, on May 11, 2015.
In his keynote speech “Controlling in Flux – Current Development Trends and The
Transformation of a Job Profile”, Utz Schäffer focused on the second WHU study on
“The Future of Controlling” (2014) which identifies the ten top trends in controlling in
German-speaking countries and draws comparisons with the results of the first study
(2011).
Information technology, pressure for efficiency, and globalization are fundamental
megatrends bringing changes to the array of tasks carried out by management
accountants and controllers. “While the findings show some movement of trends up
and down the ranking, the continuity at the top is remarkable: Trends like information
systems, efficiency, and business partnering reflect a fundamental transformation
process of the controlling function which seems set to continue for the next decade
or two”, said Schäffer who went on to discuss with the audience the implications of
the findings for practice and career paths in controlling.
Utz Schäffer Attends IFAC Meeting in BrusselsAround 30 representatives of renowned international accounting associations con-
vened in Brussels on March 23-24, 2015 to discuss the concept of controlling and
the management accounting landscape in Europe. The meeting of the IFAC Profes-
sional Accountants in Business (PAIB) Committee, which was attended by Utz
Schäffer, was organized by the Federation of European Accountants (FEE).
Utz Schäffer’s speech entitled “Controlling – Old Wine in a German Bottle? Or More?”
focused on the differences between controlling in the German tradition and manage-
ment accounting. He discussed the different backgrounds and perspectives of man-
agement accounting and controlling, how these disciplines are organized, as well as
30 Business Engagement
implications for the profession. He gave specific examples of how the work of a
controller is conducted in German organizations, focusing not only on the tools and
techniques but also on the relationship between manager and controller. Utz
Schäffer’s speech was followed by a lively discussion, underlying the fact that there
is a huge interest within the international accounting community in the concept of
controlling. The participants also agreed that there is still a big deficit in platforms for
professional exchange on different traditions in management accounting and control.
IFAC, the International Federation of Accountants, is the global organization for the
accountancy profession, comprising over 175 members and associates in 130 coun-
tries and jurisdictions, representing approximately 2.5 million accountants.
Center for Controlling & Management (CCM)The CCM was founded in 2000 to provide a communication platform for controllers
of leading German companies. Its members (Heads of Corporate Controlling of nine
partner companies, the partner and co-founder of CTcon, and the CCM team) meet
regularly to discuss relevant controlling topics. In 2015, the main focus was on “HR &
Controlling” and “Cognitive Biases”.
CCM activities kicked off with a round table at the WHU Campus in Düsseldorf in
February. In preparation, the CCM team conducted interviews with controllers in the
partner companies on “HR & Controlling”. One major finding was that in general the
interviewees use few HR metrics for corporate planning, the most widely used being
full-time equivalent (FTE) and personnel expenses.
From May to September, the CCM team conducted interviews
with HR executives and Heads of Corporate Controlling. In
line with impressions from the first series of interviews and
against expectations, Corporate Controlling does not play a
key role in formulating and executing HR strategy. An addi-
tional series of interviews on “HR Master Data” identified
major challenges and current projects in the CCM companies,
e.g., reducing the number of HR systems.
Parallel to this project, the CCM team worked on “Cognitive
Biases”. After a literature research and team internal discus-
sions, the CCM team came up with two frameworks. The first
framework consists of six categories of biases. Likewise, the
second framework bundles debiasing techniques according to
six principles. Utz Schäffer presented the results of both projects at the second round
table in September. Finally, participants discussed the agenda for the upcoming year.
Our work next year will focus on digitalization, among other topics.
The Center for Controlling & Management team
Business Engagement 31
The WHU Controlling & Management Review team
In July and November, the CCM team organized workshops covering current topics
in controlling for about 20 young professionals from the partner companies. In addi-
tion to that, a round table on “Pension Provisions in Balance Sheets” took place in
June at the WHU Campus in Düsseldorf.
Controlling & Management ReviewThe journal, edited by Utz Schäffer and Jürgen Weber, contin-
ues to play an important role among the journals specializing in
management accounting and control in the German-speaking
area. It is published by Springer Gabler and is part of their
online platform “Springer for Professionals”.
The editorial office at the IMC puts much effort into transform-
ing scientific content into easily readable texts meeting the
interests and needs of practitioners. Six regular and three spe-
cial issues were published in 2015 covering: controlling of the
supply chain, budgeting, controlling and treasury, industrializa-
tion of controlling, controlling of investment activities, top per-
formance through controlling, production controlling, control-
ling in the healthcare sector, and the cooperation between the CIO and the Head of
Corporate Controlling.
Among the 75 articles, there were 12 interviews with outstanding CEOs, CFOs,
Heads of Corporate Controlling, or researchers in the field of management account-
ing and control. Michael Wilkens, Senior Vice President of Group Controlling at
Deutsche Telekom AG, reported on Telekom’s campus approach to planning. Dr. Ralf
P. Thomas, CFO of Siemens AG, talked about the challenge of further developing the
corporate controlling organization. Kasper Rorsted, CEO of Henkel AG & Co. KGaA,
presented the “Winning Culture” of Henkel. Dr. Martin Muhr, CFO of RWE Retail and
Essent, described how his company successfully tries to take into account cognitive
biases in decision making processes. Professor Anne Wu from National Chengchi
University in Taipei reported about her way of cooperating with companies for her
research. In our last issue, Dr. Roland Schütz, CIO of Lufhansa Passage, gave an
insight into his department’s close cooperation with the controlling department.
32 Business Engagement
WHU Controller PanelThe WHU Controller Panel focuses on issues of current interest
as well as long-term developments in the field of controlling.
On the one hand, the latest studies deal with well-established
essential topics, on the other hand they focus on new and
innovative issues.
In 2015, the first group includes two studies dealing with salary
and incentives, and cost accounting and investment control-
ling. Of special interest to participants of the WHU Controller
Panel are answers to questions relating to the salary of control-
lers: How much do controllers earn? Which goals and incen-
tives is it based on? Real benchmarks make it possible for con-
trollers to compare themselves and their organizations with
others.
Among the second group, this year’s study of IT trends in controlling presents an
innovative issue which stems from last year’s successful study of “The Future of
Controlling”. This study identified IT as the most important driver of change within the
controlling function in future, which prompted us to delve deeper and present a short
insight into the results of this newly-designed study:
The rapidly changing IT environment has various implications for controllers because
they either support controllers in their routine work activities or are used directly by
managers in the form of self-service applications. For instance, let’s take a look at the
IT systems that controllers work with. Controllers rate the quality of data much more
highly if they have business information tools (BI tools) at their disposal rather than
spreadsheets only (72% vs. 46%). Based on this finding, our study shows how well
IT systems are currently configured, what tools are available to controllers, and which
of these tools allow complex analyses like simulations or pattern recognition.
�� Compensation and Incentives
�� Cost Accounting
�� IT Trends in Controlling
�� Interaction Between Controllers &
Management
�� Interaction Between Controlling
and IT
�� Investment Controlling
WHU Controller Panel Studies
Spring 2015 Summer 2015 Autumn 2015
The WHU Controller Panel team
Business Engagement 33
Furthermore, our study gives us a better understanding of the effect that IT trends
have on controlling. In particular, we focus on the efficiency of controlling processes
and find that controllers have proportionally more time to spend on analyzing and
communicating data if they have BI tools at their disposal. At the same time, this
results in better quality of data which means that less time is spent clearing up incon-
sistencies.
Since its establishment in 2007, the WHU Controller Panel has developed a reputa-
tion for fostering dialogue between managerial accounting practice and research in
German-speaking countries. The nearly thousand active members from a wide range
of business sectors benefit from exclusive access to the results of the studies and a
reduced registration fee for the annual conference “WHU Campus for Controlling”.
Management and Control in Public InstitutionsThe working group was founded in March 2010 as an initiative of Professor Weber
and IMC alumnus Professor Hirsch (Universität der Bundeswehr München) together
with Dr. Frank-Jürgen Weise (Federal Employment Agency). When it first started, the
working group was primarily concerned with developing an appropriate concept for
controlling, looking at strategic management in a political context, and creating a
master plan for implementing controlling and New Public Management in public
authorities. The working group is now moving into its second phase with a wider
circle of institutions, such as the Federal Foreign office and the Federal Office for
Migration and Refugees. The focus is now on implementing concrete measures
toward controlling and New Public Management. The work schedule will continue in
2016 with the topic “Metrics for Organizational Control in Public Institutions”.
The members of the working group “Management and Control in Public Institutions” met in Cologne
34 Business Engagement
Executive Presentations
Author Title Occasion Place, Date
Utz Schäffer Die Zukunftsthemen des Controllings. Ergebnisse der zweiten WHU-Zukunfts-studie
CTcon GmbH Montabaur, January
Controlling in Flux – the Transformation of a Job Profile. Second WHU Study on the “Future of Controlling“
German Chamber of Commerce in Shanghai / DUSA European Asso-ciation
Suzhou, May
Joint Henkel-WHU Research Project “Mapping of Controller Community”
29th Round Table. Center for Controlling & Managament (CCM)
Dusseldorf, February
WHU Teaching Cases in Controlling. An Opportunity for our CCM Partners
29th Round Table. Center for Controlling & Managament (CCM)
Dusseldorf, February
Second WHU Study on the Future of Controlling
29th Round Table. Center for Controlling & Management (CCM)
Dusseldorf, February
Die Zukunftsthemen des Controllings. Ergebnisse der zweiten WHU-Zukunfts-studie 2014
Meeting of the ICV Board of Trustees
Munich, January
Controlling – Old Wine in a German Bottle? Or More?
IFAC PAIB Committees Meeting. Professional Accountants in Busi-ness (PAIB), International Federation of Accountants (IFA)
Brussels, March
Debiasing Decision Making – The Challenge Ahead
30th Round Table. Center of Controlling & Management (CCM)
Dusseldorf, September
HR & Controlling – Two Perspectives 30th Round Table. Center of Control-ling & Management (CCM)
Dusseldorf, September
Business Engagement 35
Author Title Occasion Place, Date
Jürgen Weber Cognitive Biases in Controlling 29th Round Table. Center for Con-trolling & Managament (CCM)
Dusseldorf, February
Finanzierungskonzept & Zukunft des Arbeitskreises “Steuerung und Control-ling in öffentlichen Institutionen”
Working Group “Management andControl in Public Institutions” (Steu-erung und Controlling in öffentlichenInstitutionen)
Munich, March
Zielorientierte Steuerung im öffentlichen Sektor – ein Ziel für das Auswärtige Amt?
Federal Foreign Office Berlin, June
Einführung zielorientierter Steuerung in Behörden – warum und wie?, Digitale Verwaltung 2020
Behördenleitungstagung des Bun-des 2015
Berlin, September
Verhaltensorientiertes Controlling WHU Campus for Controlling Vallendar, September
Zielorientierte Steuerung im öffentlichen Sektor – ein Ziel für das Bundesarchiv?
Das Bundesarchiv Koblenz, September
Vorstellung “WHU on Controlling” 30th Round Table. Center for Con-trolling & Management (CCM)
Dusseldorf, September
Verhaltensorientiertes Controlling Schmalenbach – Arbeitskreis“Unternehmenswachstum und Internationales Management”
Vallendar, October
Kennzahlen und Steuerungsgrößen Working Group “Management andControl in Public Institutions” (Steu-erung und Controlling in öffentlichenInstitutionen)
Cologne, November
Als CFO kluge Entscheidungen treffen: Verhaltensorientiertes Controlling und Debiasing
Heinrich Heine Campus Conference NextGenerationCFO.2015
Dusseldorf, November
Zwei Kernthemen des IMC: Controller als Business Partner und Verhaltensori-entierung des Controllings
Offsite Meeting Deutsche Post DHL Group
Vallendar, December
36 Business Engagement
Selected Practice-Oriented Publications
Author Title Publication
Hirsch, B., & Weber, J. Spitzengespräch. Zielorientierte Steuerung in der deut-schen Verwaltung
Munich, Vallendar
Schäffer, U., & Margolin, M. Die Schere geht auf Controlling & Management Review, 59(6), 40-49
Schäffer, U., & Weber, J. Controlling Trends & Benchmarks Vallendar
Schäffer, U., & Weber, J. Baustelle Investitions-Controlling Controlling & Management Review, 59 (Special Issue 1)
Schäffer, U., & Weber, J. Budgetierung und Planung: Auf ein Neues Controlling & Management Review, 59 (Special Issue 2)
Schäffer, U., & Weber, J. Gesundheitswesen: Bewährungsprobe für Controller Controlling & Management Review, 59 (Special Issue 3)
Schäffer, U., & Weber, J. Controlling im Wandel – Die Veränderung eines Berufs-bilds im Spiegel der zweiten WHU-Zukunftsstudie
Controlling – Zeitschrift für erfolgsori-entierte Unternehmenssteuerung, 27(3), 185–191
Schäffer, U., & Weber, J. Cultivating a Controlling Culture – The Key to Handling Volatility Successfully
Cost Management, 29(3), 6–11
Schäffer, U., & Weber, J. Mit den richtigen Kennzahlen steuern (Teil 1) Controlling & Management Review, 59(3), 34–40
Schäffer, U., & Weber, J. Mit den richtigen Kennzahlen steuern (Teil 2) Controlling & Management Review, 59(4), 52–58
Schäffer, U., & Weber, J. Controller und Personalmanager hätten sich etwas zu sagen
Frankfurter Allgemeine Zeitung, 03.08.2015, No. 177, 16
Weber, J. Green Controlling – ein langer Atem ist erforderlich Controller Magazin, 40(1), 17
Weber, J. Wie bildet man einen Business Partner aus? Controller Magazin, 40(2), 22
Weber, J. Innovationen im Controlling Controller Magazin, 40(5), 26
Business Engagement 37
The October issue of the popular German business journal “manager magazin” fea-
tured an article on the social backgrounds of top managers. This article was largely
based on an IMC research project. Utz Schäffer, Marko Reimer, with Babak Mirheli
and Simone Just, collected publicly available information on all managers who are
top management team members of the 138 largest listed corporations or large pri-
vately owned firms in Germany. In addition, the research team sent out question-
naires to the respective 633 managers to validate and complement these data. Study
results show that German top management teams are more
open to people who have risen through the social ranks than is
sometimes supposed. In particular, the results suggest a
decline in the significance of family background. Habitus is los-
ing ground – and performance seems to be more important in
progressing to a firm’s C-level.
Parts of the “manager magazin” story were also prominently
covered in popular news and business news-related websites,
such as “Spiegel Online” and “Wirtschaftswoche online”. As a
result, the study was very well received by a broad audience.
The large interest in the study and its results was also reflected
in strong click rates on the IMC’s website. The IMC news item
which referred to the study has been viewed almost 1800 times
to date, which is around 25 times higher than the usual click
rate for an IMC news item. In addition, many national and inter-
national newspapers, TV stations, and consultancies (e.g.,
Handelsblatt, Bloomberg) have contacted the IMC researchers
for more information or to propose ideas for future collabora-
tion on this topic.
Last but Not Least
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