Inspire & Empower Chair Report 2020/2021 Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship www.porsche-chair.com

Welcome by Prof. Dr. Stephan Stubner CHAIR REPORT 2020/2021 03 Welcome to the latest edition of our Chair report 2020–2021. Every two years we provide you with news and updates from the Dr. Ing. h. c. F. Porsche AG Chair at HHL. In this issue, you receive information about the latest developments at HHL, including intellectual impulses through contributions from our Chair and an overview of the many initiatives, events and offerings we have been involved in over the past months. While reading through the Chair report, one could almost forget that we are still in a global pandemic. Our campus and study locations have been closed for many months with the exception of short intervals whenever the pandemic situation allowed it. Today, I am proud of how the entire team at HHL has mastered these challenges. And it pushed us all to become even more digital – it makes me even more proud to see the Porsche AG Chair at the forefront of this development in teaching, research and our transfer activities. In teaching, JProf. Dr. Dominik Kanbach has received the award as best lecturer of HHL faculty voted by the students. This is a great recognition for the work of the entire team at our Chair. In research, we have built the largest and fastest growing research group at HHL. This has tremendously increased our contribution to the global Strategy and Entrepreneurship research community. With the successful launch of HHL DIGITAL SPACE – The HHL Digital Transformation Platform, we have extended our support activities for entrepreneurs in early stages. All in all, one can definitely say that we look back to two very successful years at the Porsche AG Chair. At HHL, we continuously develop further. In January 2021, Dr. Tessen von Heydebreck (prior Chairman of HHL’s Supervisory Board) handed over the position as Chairman to Lutz Meschke, who has already been a member of the Supervisory Board of HHL for many years. Lutz Meschke is known for his passion for digitization, development and excellence which he also exemplifies in his various corporate roles and which he has already applied in the various projects since he took over his new role for HHL. With Lutz Meschke and the Porsche AG, we have a strong partner with whom we cannot only discuss and implement this claim. But who also serves as a sparring partner and supporter in this endeavor. I hope you enjoy this insight into the Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship. I cordially invite you to participate in the further development of our Chair. Yours sincerely, Prof. Dr. Stephan Stubner Dean of HHL and Chair Holder

Welcome by JProf. Dr. Dominik Kanbach CHAIR REPORT 2020/2021 05 It is my pleasure to welcome you all to the 2020–2021 edition of our Chair report. In the last 24 months, we have made significant achievements at the Dr. Ing. h. c. F. Porsche AG Chair at HHL. In this Chair report, we want to provide some of the insights of our activities in teaching, research and transfer. I am especially proud of what our team has achieved in these challenging two years. With our Strategic Entrepreneurship Research Group, we have grown to a vibrant community of more than 30 doctoral candidates and researchers covering a broad range of highly relevant topics in our times – e. g., dynamic capabilities in large organizations and corporate venturing activities, entrepreneurship in the COVID-19 pandemic as well as the emergence of sustainable business models. These are just a few topics which we cover with our research activities and which we have recently discussed with the academic community at various leading international conferences and published in top-ranked international journals. A core value for our Research Group is interaction. We clearly live and value intense discussions about our research topics through our regular Doctoral Days with all our doctoral candidates, in research colloquia with our partners and of course at academic conferences around the globe. I am extremely happy that even in the last two years, under the impact of the global pandemic, we were able to keep up this close interactions leading to significant academic output which we will also outline here in this report. All our achievements are the result of our great team. Therefore, we devote the final chapter of this report to our team and offer you the opportunity to get to know everyone involved in our activities in teaching, research and transfer. I hope you enjoy the insights from this report, and I am looking forward to drive the further success of the Porsche AG Chair together with all of you. Yours sincerely, JProf. Dr. Dominik Kanbach Junior Professor for Strategic Entre- preneurship & Research Lead

CHAIR REPORT 2020/2021 07 Content Teaching Transfer Activities Research People 08–15 16–22 27–37 38–50

CHAIR REPORT 2020/2021 09 diverse leadership styles to present their leadership approach and their experiences followed by an open discussion. When looking at the academic con- text, the content around leadership has rarely changed over the past 20 years, while our business world defi nitely has. In fact, a diverse land- scape of leadership approaches has emerged, each one coming with advantages and disadvantages. Discussing both sides (traditional and progressive leadership), and the spectrum in between, we hope to present a better, more holistic picture of the reality, for the ones who are about to start their own businesses soon or are already busy doing so. The expert talks took place for the fi rst time between March and June 2021 and contained renowned speak- ers with diverse leadership styles such as David Schneider (CEO Zalando) or Niklas Östberg (CEO Delivery Hero) and many others. dent teams are encouraged to par- ticipate in the upcoming batch of the HHL DIGITAL SPACE. Case Study Training Innovation Manage- ment & Corporate Entrepreneurship This course is held in cooperation with an external partner (Porsche AG and their Porsche Digital Lab in Berlin). Corporate innovation is a way to create new business models not outside but within companies. How- ever, realizing an innovation within a corporate might be diffi cult. When writing a business plan, the goal is to convince external investors. Within corporate innovations the goal is to convince colleagues and the man- agement to implement the idea. This seminar addresses all steps from fi nding ideas to convincing the man- agement. To be as real as possible in this context, students will work on real innovation challenges. This can include analyzing problems, fi nding solutions, interviewing customers and other stakeholders, creating diff er- ent business models, evaluating these models, building simple prototypes and discussing how they can actu- ally be implemented within a com- pany. The students will therefore go through the whole innovation cycle and will experience the challenges of corporate innovation fi rsthand. In this way, students will learn how corpo- rate innovations works in practice. The Porsche AG Chair of Strategic Management and Digital Entrepre- neurship off ers a case study train- ing to prepare the students for job interviews and application processes. The seminar provides the partici- pants with the skills and knowledge to approach case studies and inter- views in the application process, e. g. for a consulting job. Within this for- mat, the students become familiar with the diff erent case study formats and potential solution approaches. Additionally, a panel discussion with HHL alumni brings in recent views on recruitment processes from diverse companies. Dismantling Leadership The discussion series “Dismantling Leadership”, jointly organized by the Porsche AG Chair of Strategic Man- agement and Digital Entrepreneur- ship and Leadership.Sprouts, is part of the management education at HHL. The objective of this course is to make participants familiar with dif- ferent leadership approaches – both in theory and practice – and to refl ect on the pros and cons and contextual implications. Prof. Dr. Stephan Stub- ner, Trivago co-founder Rolf Schröm- gens and Anna Gottschalg (Lead- ership.Sprouts) invite leaders with

CHAIR REPORT 2020/2021 11 Selected Teaching Insights December 2020: Disruptive Technologies & Business Models June 2021: Business Plan Seminar To enrich the course Disruptive Technologies & Business Models with more practical insights, the Porsche AG Chair invited exceptional and inspirational guest lecturers to emphasize the relevance and importance of disruptive technologies and business models in the fast-moving world. Several technology and business model experts provided interesting information to the students. Pavol Sikula (AskBrian.ai), Nicklas Urban (Deloitte Blockchain Institute) and Dr. Benjamin Jetter (KPMG Innovate) held inspiring guest lectures on artificial intelligence, blockchain technology and quantum computing and their implications on future business models. Besides the technology experts, Sophia Kuhl and Maurice Steinhoff (HHL DIGITAL SPACE) as well Shawn Segundo (SpinLab) provided insights on disruptive technologies and business models from an entrepreneurship perspective. In June, the students of the Business Plan Seminar were able to hold their final presentation and pitch their business idea in front of a jury of lecturers, experienced entrepreneurs and business angels. The student teams demonstrated their results of the work in the course and presented a functional MVP of their business idea. The business ideas ranged from the use of artificial intelligence in social media, to smart real estate business models and social community platforms. The jury was impressed by the achievements of the students in this limited timeframe. The course ended with a nice get- together having a barbecue at the Elster river. Two of the student teams were chosen to participate in the structured incubation program of the HHL DIGITAL SPACE to continue working on their business idea. July 2021: PhD Summer Meeting Track “Sustainability & Entrepreneurship” In this year’s Summer School for HHL’s doctoral students, JProf. Dr. Dominik Kanbach was responsible for the track “Sustainability & Entrepreneurship”. At the intersection of sustainability and entrepreneurship, the track discussed different academic paper and focused on three specific topics, namely “Sustainable Entrepreneurship”, “Sustainable Digital Entrepreneurship” and “Sustainable Business Models”. Additionally, a guest lecture by Prof. Dr. Jacob Hoerisich, Junior Professor for sustainability economics and management at Leuphana University Lüneburg, with the topic “Moral disengagement among sustainable entrepreneurs” was included in the program. Sustainability & Entrepreneurship Topic 1 Topic 2 Topic 3 Sustainable Entrepreneurship Sustainable Digital Entrepreneurship Sustainable Business Models Moral disengagement among sustainable entrepreneurs Research Presentation

CHAIR REPORT 2020/2021 13 Innovative Teaching Format Dismantling Leadership – a talk series with entrepreneurial leaders Many articles, interviews and even case studies have been written about the innovative leadership approach at HHL start-up trivago. The experi- ences of over a decade of building up and scaling the company to an IPO at Nasdaq inspired HHL alumnus Rolf Schrömgens to start a social venture together with former Head of Organi- zational Development at trivago Anna Gottschalg: leadership.sprouts. Their purpose is to help individuals and organizations rethink their approach to leadership. Based on their experi- ences at trivago and from the interac- tion with many corporate leaders they have developed a new concept. As Anna Gottschalg outlines: “The existing narratives of how we are expected to lead and create our organization were once crafted for a way more static and simplistic world. They were making sense in a resource-focused production economy and got washed away by the tidal wave of digitalization. Our organizations are drowning in an overload of information and dependencies. Leaders are seemingly reaching the limits of their cognitive capacities. Mantras such as: think faster, work harder seem naive knowing that more computation power or more skillful applications do not provide a solution for the fact that eventually, human beings with all their hopes and fears are instrumental for the creative output.” On the grounds of this understand- ing, leadership.sprouts developed the HEIDI principles for sustainable leadership: creating long-term success in fast learning, identity- based organizations through humbleness, empowerment, intrinsic motivation and diversity of thought. Humbleness and diversity: We need to be humble and let go of our own biases while being open to alternative perspectives that let us look at a problem from multiple directions. Empowerment: The way we organize work is built on the idea of distrust – that needs to change. If the work of the future will be dominated by creation, by definition we need freedom. We have to let go of control and power and create a space to let people evolve. Intrinsic motivation and purpose: We need to build environments that follow the shift from external driven motivational factors to internal driven ones. Dynamic capabilities: We need organizations that constantly evolve and learn. Ultimately, the value of an organization will be less defined by what output it currently creates and much more by how fast it learns. Education has a high responsibility for carrying the narratives we tell each other about the world. To help changing our perspectives and opening up our mindsets to new approaches, educational institutions should also become spaces where (self-)development and reflection are triggered and new approaches and narratives are offered for inspiration. To enable such new perspectives and reflection, Prof. Dr. Stephan Stubner together with Anna Gottschalg and Rolf Schrömgens offered an open talk series in spring 2021 titled “Dismantling Leadership” inviting students and the public to discuss with leaders from different backgrounds current topics evolving around leadership: Identity: We need to create value- based organizations, remove rules and processes as the way of operating and rather set a frame determining the space in which people can create value. It is a common mindset, mission and purpose that implies a deeper sense of belonging. _ Florian Heinemann, Founding Partner of Project A _ Waldemar Zeiler and Philip Siefer, Founders of Einhorn _ Wilfried Gillrath, Impact Investor and former CEO at Lichtblick _ Miriam Meckel, Founder of ada _ Niklas Östberg, CEO at DeliveryHero

CHAIR REPORT 2020/2021 15 Key Contacts at Porsche AG Lutz Meschke Deputy Chairman and Member of the Executive Board Finance and IT at Porsche AG Dr. Joachim Lamla Chief Financial Officer at Porsche Leipzig GmbH and Member of the Board of Trustees at HHL Konstanze Marinoff Director HR Marketing and Recruiting at Porsche AG Svenja Wagner HR and Marketing at Porsche AG Sven Prager Head of Business Development at Porsche Leipzig GmbH Lars Krämer Innovation Manager at Porsche AG Elke Lücke Head of HR Development and Talent Strategy at Porsche AG Student consulting project “Innovation Management Benchmark” in collaboration with Porsche AG Stuttgart In cooperation with Porsche AG as project partner and the Porsche AG Chair of Strategic Management and Digital Entrepreneurship as supervising Chair, HHL students of the MSc21 class conduct an Innovation Management benchmark among different companies from various industries and having diverse Innovation Management approaches. The goal of this project is to get an in-depth understanding of Innovation Management in companies and to identify best practices. Based on insights from the explorative approach, students also aim to provide Porsche recommendations how to improve the company’s Innovation Management efforts. This joint project emphasizes the strong and long-standing partnership between Porsche AG and HHL Graduate School of Management. Porsche Partner Andy Grau Manager Business Development Porsche AG Hannah Benz Innovation Manager Porsche AG Tobias Stroelin Product Innovation Manager Porsche AG Student consulting project “Hogwarts” in collaboration with Leipziger Stadtbau AG Have you ever dreamed about studying in a place like Hogwarts, the college in the movie Harry Potter? Some of us did! This aspiration has initiated a cooperation between the Leipziger Stadtbau AG as project partner and the Porsche AG Chair of Strategic Management and Digital Entrepreneurship as supervising Chair. At the moment, a place like Hogwarts, where students have the possibility to study, learn and live in one place, does not exist in Germany. But a variety of historical and prestigious properties is located in Central Germany and they are mostly unused. HHL students of the MSc21 class examine the general need and feasibility of such an educational institution in Germany. The students follow a two-fold approach by conducting various analyses and qualitative research. Based on those findings, important parameters for the project are defined. The final goal of the consulting project is to design a profitable business model for an educational concept like Hogwarts. And maybe one day, studying in a place like Hogwarts becomes reality. Leipziger Stadbau AG Partner Patrik Fahrenkamp CEO Leipziger Stadtbau AG

Start-up Career Fairs @HHL CHAIR REPORT 2020/2021 17 In the beginning of each term the Start-up Career Fair is the perfect opportunity for HHL students to experience a unique entrepreneurial spirit and to get in contact with HHL alumni, who successfully founded a company. In 2020, our start up career fair had to take place online for the first time. Nevertheless, we were able to welcome a large number of our companies online. With us were: Mister Spex, KiezDigital, Kale & Me and many others. After the pitches and panel discussion, we invited to a roundtable networking session. This year’s Start-up Career Fair took place virtually in spring term. A special highlight was the joint beer tasting. Christian Klemenz, HHL alumnus and Beerpreneur, delighted with a delicious craft beer set. 100 students networked virtually with the start-ups. In the fall term 2021 it was finally time to open our doors for the Start-up Career Fair, continuing a long- standing tradition at HHL. We were able to offer our students a hybrid event that made the entrepreneurial spirit of HHL tangible. Our HHL alumni and friends traveled from all over Germany to present themselves and their start-up to the new HHL generation. As in previous years, the Start-up Career Fair proved to be a very special recruiting event. The event not only strengthens the network between current HHL students and alumni but also provides inspiration and insight into the entrepreneurial mindset of the #hhlcommunity. The Start-up Career Fair is a win-win- situation for students and start-ups; students learn about the individual success stories, challenges and various opportunities a career in a start-up can have and start-ups in turn get access to a great talent pool. September 2021: JProf. Dr. Dominik Kanbach@Start-up Career Fair September 2021: Panel Discussion at Start-up Career Fair

Digital Space – The HHL Digital Transformation Platform HHL DIGITAL SPACE is the early-stage Tech Incubator in Leipzig focusing on digital business models. As part of the top-ranked entrepreneurship university HHL Leipzig Graduate School of Management, we are an open platform for innovative minds from all backgrounds. We off er a dedicated 12-week incubation program everyone can apply to – free of charge. Additionally, we provide founder’s support with our network plus events and coaching on the EXIST scholarship. CHAIR REPORT 2020/2021 19 Since September 2020 (kick-off Batch #1) 37 Startups incubated 100+ supporters, mentors, investors in our network 50+ startup events per year Conquering New Heights with Data – The Porsche Digital Production Hackathon Together with Porsche and MHP, HHL DIGITAL SPACE organized a three-day event in September 2021 to tackle challenges in digital production and accelerate digital transformation. We are looking back on an inspiring Porsche Digital Production Hackathon with top talents from HHL and regional tech universities, a lot of fun, and great digital solutions. We want to thank everyone who made the hackathon a success, but especially for the support of our patrons Lutz Meschke and Prof. Dr. Stephan Stubner.

CHAIR REPORT 2020/2021 21 Special Highlight of Launch Day Batch #2 was the Best of Seed Award that was voted for by the jury and livestream viewers. The 3.000 € cash prize granted by KARL-KOLLE-Stiftung was awarded to Lavelio, a software startup for AI-based social media analysis. Founder & Managing Partner of i-potentials and active business angel Constanze Buchheim shared her experience as entrepreneur in her keynote “We rise by lifting others”. 22 April 2021 Launch Day Batch #2 The fi nal event of this Batch took place in a professional TV studio. Given the circumstances of the pandemic large physical encounters were not possible but thanks to technology and an advanced hygiene concept great performances could be seen in a live stream form Leipzig Media City. 26 Feb 2021 Market Day Batch #2 During the pandemic HHL DIGITAL SPACE kept delivering entrepreneurial spirit with innovative minds that had ideas around sustainable travel, fi nancial advisory, leisure tech and children’s education. Supporters such as business angel Jonathan Cordero and academic lead of HHL DIGITAL SPACE JProf. Dr. Dominik Kanbach supported and coached the startups during Market Day, the halftime-event of the 12-week program. The jury members for Launch Day Batch #2: Serial Entrepreneur and Managing Director of bookingkit Lukas C. C. Hempel, Prof. Dr. Stephan Stubner (Dean of HHL), Constanze Buchheim ( Managing Partner of i-potentials)

CHAIR REPORT 2020/2021 23 HHL’s Virtual Graduation Ceremony 2021 This year’s graduates have shown resilience and determination in achieving their goals. They have conquered remote work and challenging circumstances and have emerged stronger and more united. On June 26th 2021, HHL graduates from the MBA, MSc programs as well as the Doctoral program came together virtually from all over the world to watch a unique graduation ceremony. Prof. Dr. Stephan Stubner highlighted: “We would like to thank all Graduates for the resilience they have shown over the past almost two years: sticking with us, pursuing their studies, and finally, ultimately, successfully graduating.” Fireside Side on Finance for Sustainability Advisory and Finance at Credit Suisse. Considered an industry trailblazer, Marisa is one of the few women to have run an investment bank – for a global bank. As a passionate advocate for sustainable finance, Marisa is driven to help mobilize capital for positive change and believes cross-sector collaboration is key to tackling systemic challenges. She has been recognized by the BBC as one of the Most Powerful Women in Britain and by Fortune Magazine as one of the 50 Most Powerful Women in International Business. In addition to her work at Credit Sui- sse, Marisa is on the advisory boards of the charities “Room-to-Read” and the “Lessons for Life Foundation”. Marisa closed the inspirational fireside chat by giving three power- ful pieces of advice to the HHL community: There are just so many opportunities to create a great career for yourself and to be part of the [sustainable] movement. Sometimes these big world problems seem like – how could you possibly have an impact – you as an individual. [But] just remind yourself […] that a third of the answer to global net zero is our own behavior, the things that you do day to day. The choices that you make as a consumer, what packaging you use, […] what questions you ask. So, try to become as informed as you can be, don’t be susceptible to the soundbites that lead you to jump on a wave without being informed. But if you are informed, then take action. Be your own activist because you can drive those outcomes even if you don’t have a single dollar or Euro or ‘Swissy’ of capital. Your behavior can create enormous impact. Marisa Drew (Chief Sustainability Officer & Global Head of Sustainability Strategy, Advisory & Finance at Credit Suisse) with Prof. Dr. Stephan Stubner On 15 April 2021, HHL welcomed Marisa Drew, Chief Sustainability Officer & Global Head of Sustain- ability Strategy, Advisory & Finance at Credit Suisse, to a most insightful fireside chat with HHL’s Dean, Prof. Dr. Stephan Stubner, exclusively open to the HHL community. The talk was organized as part of the cooperation between HHL and the Credit Suisse. Since 2020 Marisa Drew is the Chief Sustainability Officer and Global Head of Sustainability Strategy,

CHAIR REPORT 2020/2021 25 Stage Two – HHL and RWTH Aachen launch the first pan-European venture competition for university startups Back in April 2020, RWTH Aachen and HHL joint forces to build bridges for European entrepreneurs with the aim of showing the innovative potential existing at universities across Europe. Led by Martin Schmickler (RWTH, PhD candidate Chair of Business Administration for Engineers and Natural Scientists) and Maurice Steinhoff (HHL, PhD candidate at the Porsche AG Chair of Strategic Management and Digital Entrepreneurship), a cross-organizational team was set up to make this ambitious vision become reality. Under the motto: “For our Beyond”, 60 teams from 30 universities out of 18 countries came together in one competition. Stage Two, the first pan-European venture competition for startups spinning out of leading universities, was born. Not only was Mariya Gabriel, EU Commissioner for Innovation, Research, Culture, Education and Youth, the proud patron of the newly developed initiative, but also strong partners helped to boost the first edition. Building upon the network of RWTH Aachen and Prof. Dr. Malte Brettel, Vice-Rector of RWTH Aachen as well as of HHL and Prof. Dr. Stephan Stubner, Dean of HHL, the initiative won industry leaders and Europe’s leading VC firms as partners. This enabled the team to develop this unique and valuable format for early-stage teams to get a platform at an international level and to win awards worth over a million euros in cash, investments, and in-kind prizes. In October 2021, at the on-site event at Radialsystem in Berlin, the 60 teams pitched against each other in the semi-finals organized in a business-innovation and a tech-innovation stream comprising 30 teams each. 4 different juries and 20 jurors of leading venture capitals firms determined the 8 winners of the semi-finals, who had to chance to pitch in the finals, which was the highlight of the competition and characterized by excellent pitches, which revealed the enormous potential. With more than 400 guests on-site and overall, 3.700 visitors in the lives- tream, the premiere edition of Stage Two wrote history on October 29.

Research CHAIR REPORT 2020/2021 27 The Research Group Strategic Entrepreneurship at the Porsche AG Chair focuses on a variety of projects in the fi elds of strategic management, entrepreneurship, and corporate entrepreneurship. Building on solid theory base combining rigor and relevance, our researchers analyze relevant phenomena scientifi cally and derive transferrable recommendations. With already more than 30 doctoral candidates and researchers, it is the largest and fastest growing research group at HHL. The research group has the clear aim to signifi cantly contribute to the academic discussion on international top-level through publications in high-ranked journals as well as leading conferences worldwide. Journal Publications 2020–2021 A-ranked publications (VHB: A+/A or ABCD-JQL: A*/A or AJG: 4 or SJR: Q1): Gernsheimer, O., Kanbach, D. K., & Gast, J. (2021). Coopetition research – A systematic literature review on recent accomplishments and trajectories. Industrial Marketing Management, pub- lished online: https://doi.org/10.1016/j. indmarman.2021.05.001 Proksch, D., Rosin, A.F., Stubner, S., Pinwart, A. (2020). The infl uence of a digital strategy on the digitalization of new ventures: The mediating eff ect of digital capabilities and a digital culture. Journal of Small Business Management. https://doi.org/10.1080/00472778.2021 .1883036 Salmony, F., & Kanbach, D. K. (2021). Personality trait diff erences across types of entrepreneurs: A systematic literature review. Review of Managerial Science, published online: https://doi. org/10.1007/s11846-021-00466-9. Salmony, F., Kanbach, D. K. & Stub- ner, S. (2021). Entrepreneurs in Times of Crisis: Eff ects of Personality on Busi- ness Outcomes and Psychological Well- Being. Traumatology, forthcoming. Trapp, C. T. C., & Kanbach, D. K. (2021). Green entrepreneurship and busi- ness models: Deriving green tech- nology business model archetypes. Journal of Cleaner Production, pub- lished online: https://doi.org/10.1016/j. jclepro.2021.126694. Weiss, L., & Kanbach, D. K. (2021). Reviewing Corporate Venturing for Organizational Ambidexterity as a Dynamic Capability. Manage- ment Review Quarterly, published online: https://doi.org/10.1007/ s11301-021-00223-y. B-ranked publications (VHB: B or ABCD-JQL: B or AJG: 3 or SJR: Q2): Bugl, B. M., & Kanbach, D. K. (2021). Non-fi nancial value creation in corpo- rate venture capital: a systematic review of empirical studies. International Journal of Entrepreneurial Ventur- ing, DOI: 10.1504/IJEV.2022.10041629, forthcoming. Leemann, N., & Kanbach, D. K. (2021). Toward a taxonomy of dynamic capa- bilities – a systematic literature review. Management Research Review, pub- lished online: https://doi.org/10.1108/ MRR-01-2021-0066. Rosin, A.F., Proksch, D., Stubner, S., Pinkwart, A. (2020). Digital new ven- tures: Assessing the benefi ts of digitali- zation in entrepreneurship. Journal of Small Business Strategy 30 (2), 59-71. Veit, P., Kramer, A., Kanbach, D. K., & Stubner, S. (2021). Revising the Tax- onomy of Corporate Accelerators: Moving towards an Evolutionary Per- spective. International Journal of Entre- preneurial Venturing, DOI: 10.1504/ IJEV.2021.10039348, forthcoming. C-ranked publications (VHB: C or ABCD-JQL: C or AJG: 2 or SJR: Q3): Gutmann, T., Maas, C., Kanbach, D., & Stubner, S. (2020). Startups in a cor- porate accelerator: what is satisfying, what is relevant and what can corpo- rates improve?. International Journal of Entrepreneurship and Innovation Man- agement, 24(6), 413-442. https://doi. org/10.1504/IJEIM.2020.110098 Pielken, S., & Kanbach, D. K. (2020). Corporate Accelerators In Family Firms– A Conceptual View On Their Design. Journal of Applied Business Research (JABR), 36(6), 241-258. https://clute- journals.com/index.php/JABR/article/ view/10363 Yigit, A., & Kanbach, D. K. (2021). The Importance of Artifi cial Intelligence in Strategic Management: A Systematic Literature Review. International Jour- nal of Strategic Management (IJSM), 21(1), 5-40. http://dx.doi.org/10.18374/ IJSM-21-1.1

Personality trait differences across types of entrepreneurs: A systematic literature review By: Florentine Salmony & Dominik K. Kanbach In: Review of Managerial Science The personality traits that define entrepreneurs have been of signifi- cant interest to academic research for several decades. However, previous studies have used vastly different def- initions of the term “entrepreneur”, meaning their subjects have ranged from rural farmers to tech-industry start-up founders. Consequently, most research has investigated dis- parate sub-types of entrepreneurs, which may not allow for inferences to be made regarding the general entre- preneurial population. Despite this, studies have frequently extrapolated results from narrow sub-types to entrepreneurs in general. This varia- tion in entrepreneur samples reduces the comparability of empirical stud- ies and calls into question the reviews that pool results without systematic differentiation between sub-types. The present study offers a novel account by differentiating between the definitions of “entrepreneur” used in studies on entrepreneurs’ person- ality traits. We conduct a systematic literature review across 95 stud- ies from 1985 to 2020. We uncover three main themes across the previ- ous studies. First, previous research applied a wide range of definitions of the term “entrepreneur”. Second, we identify several inconsistent findings across studies, which may at least partially be due to the use of hetero- geneous entrepreneur samples. Third, the few studies that distinguished between various types of entrepre- neurs revealed differences between them. Our systematic differentia- tion between entrepreneur sub-types and our research integration offer a novel perspective that has, to date, Toward an integrated framework of corporate venturing for organizational ambidexterity as a dynamic capability By: Lysander Weiss & Dominik K. Kanbach In: Management Review Quarterly In times of changing business envi- ronments, firms must constantly renew their competitive advantage by establishing dynamic capabilities. While often attempting to employ this in corporate venturing activities, they face the challenge of simulta- neously exploring new and exploit- ing existing business opportunities. Examining possible approaches to mastering this feat of ‘organizational ambidexterity’ reveals an extensive but scattered picture. To better inte- grate this effort by assessing how corporate venturing is linked with organizational ambidexterity in the literature and identifying possible organizational setups, this systematic literature review builds on a sam- ple of 172 studies. Based on different dimensions of dynamic capabilities, the analysis indicates that corporate venturing may take a solely explora- tive or an exploitative role, or bal- ance both, to directly enable organi- zational ambidexterity, following a “trade-off”, respectively “paradox”, school of thought. As a result, this paper identifies four different setups of corporate venturing in an inte- grated framework, based on the abil- ity and approach to enabling organi- zational ambidexterity. Here, the synthesis in the proposed framework of the studies examined allows differ- entiating between not directly ambi- dextrous separated or integrated corporate venturing and directly ambidextrous contextual or inter- linked corporate venturing. As a novel contribution to the fields of strategic management, organizational change and corporate entrepreneurship, this integrated perspective suggests an often overlooked, potentially more strategic role for corporate ventur- CHAIR REPORT 2020/2021 29 been widely neglected in academic research. Future research should use clearly defined entrepreneurial sam- ples and conduct more systematic investigations into the differences between entrepreneur sub-types. The study was published in Review of Managerial Science, a leading interna- tional journal for innovative research from all various scientific areas of business administration by Springer. ing in the strategic renewal of a firm’s competitive advantage, thus build- ing the basis for further empirical research on strategic corporate ven- turing approaches for organizational ambidexterity and their application in practice. The study was published in the aca- demic top journal Management Review Quarterly by Springer.

CHAIR REPORT 2020/2021 31 The Corporates Strike Back: How Large Companies Win the Innova- tion Race Against Disruptive Start-up, SpringerNature, ISBN: 978- 3030791131 Corona-Krise – Was Führungskräfte jetzt tun müssen, Hanser Verlag, ISBN: 978- 3446466685 Die 30 Erfolgs- geheimnisse der Top Manager, Hanser Verlag, ISBN: 978- 3446458161 Book Publications “The Corporates Strike Back – How large Companies Win the Innovation Race Against Disruptive Start-Ups” By: Lucas Sauberschwarz and Lysander Weiss Dealing with the question how established companies can win the innovation race against disruptive start-ups, the Chair’s doctoral candidate Lysander Weiss co-authored the book “Das Comeback der Konzerne”, published 2018 by Vahlen in Germany. After making a bestseller in multiple categories on Amazon, a reworked, international version will be published in October 2021 by SpringerNature, including a new guest contribution provided by JProf. Dr. Dominik Kanbach. Based on the Chair’s extensive research, he could provide a valuable overview and orientation for the landscape of corporate innovation programs in the book. Besides, the work also includes contributions from leading strategy and innovation practitioners across various industries, such as Thomas Weiler (VP Innovation & Portfolio 6 Strategic Programs, Deutsche Telekom), Uwe Wagner (CTO, Schaeffler), or Dr. Carsten Stöcker (World Economic Forum, Global Future Council Member). Being recognized as an “overdue update on traditional R&D-processes for the 21st century” and “the most relevant innovation book of the year”, the book shows how firms systematically leverage their existing strengths for successful innovation. By providing a praxis-proven methodology for strategic innovation, it closes a gap in practice-oriented innovation literature – and brings the desire for innovation back to established companies. That way, the book collaboration helps to successfully transfer relevant academic insights into practice. “Corona-Krise – Was Führungskräfte jetzt tun müssen” work “Die 30 Erfolgsgeheimnisse der Top Manager” in which he portraits good leadership as he has witnessed it in this role as seasoned strategy advisor to leading companies. By: Niklaus Leemann The Covid-19 pandemic was a major external shock to all businesses, from small owner-managed firms to large corporations. The event raised various crucial questions for the managers of these businesses. Therefore, the German book publisher Hanser pulled together a group of its key authors to develop a book to serves as guide for these managers. The Chair’s doctoral candidate Niklaus Leemann was one of them. He contributed a chapter with the ten most fundamental rules of conduct during these demanding times. By framing the challenge as an acid test for the manager, he finds a tonality that motivates the reader to meet these challenges. The contribution stems from his earlier

CHAIR REPORT 2020/2021 33 _ Unravelling the Innovation- _ Human-related Capabilities in Big productivity Puzzle – Evidence from the Financial Services Industry, Strategic Management Society (SMS) 41st Annual Conference, September 18–21, Toronto, Canada (online) (Johannes Hofmeister, Malte Schneider, Dominik K. Kanbach) _ Measuring the Success of Corporate Venturing: Integrating Three Decades of Research, European Academy of Management (EURAM) 2021 Conference, June 16–18, Montréal, Canada (online) (Maurice Steinhoff, Lucas Constantino, Dominik K. Kanbach) Data Analytics: A taxonomy of human factors with impact on firm performance, European Academy of Management (EURAM) 2021 Conference, June 16–18, Montréal, Canada (online) (Philipp Korherr, Dominik K. Kanbach) _ The Importance of Artificial Intelligence in Strategic Management: A Systematic Literature Review, International Academy of Business & Economics (IABE) Spring Conference 2021, March 13–14, Orlando, Florida, USA (online) (Anil Yigit, Dominik K. Kanbach) October 2021: Maurice Steinhoff, Francie Lange and JProf. Dr. Dominik Kanbach in Dubai 2021 _ Business models for sustainable technologies: exploring business model potential of niche technology in the case of hydrogen vehicle industry, International Conference on Sustainable Technology and Development, October 31–November 3, Shenzhen, China (online) (Caledonia T.C. Trapp, Dominik K. Kanbach) _ Entrepreneurial bricolage: Three perspectives on resources and activities in the early founding stage, International Conference on Business Management and Social Innovation (ICBMSI), October 3, Dubai, UAE (Maurice Steinhoff, Francie Lange, Dominik K. Kanbach) _ Management Education at the Crossroads, CEEMAN – International Association for Management Development 29th Annual Conference, September 22–24, Trieste, Italy (Maurice Steinhoff) _ Strategic Renewal Through Corporate Venturing and Innovation Units – A Typology, 22nd Continuous Innovation Network (CINet) Conference, September 12–14, Gothenburg, Sweden (Lysander Weiss, Dominik K. Kanbach) _ Setting up for success: Value drivers in syndicates between independent and corporate venture capital investors, Strategic Management Society (SMS) 41st Annual Conference, September 18–21, Toronto, Canada (online) (Bejamin Bugl, Frank Balz, Dominik K. Kanbach)

CHAIR REPORT 2020/2021 35 Further Research Group Activities January 2020: Doctoral Research Colloquium in Berlin In January 2020, Prof. Dr. Harald Hungenberg, Dean of Executive Education at ESMT Berlin, invited the Porsche AG Chair of Strategic Management and Digital Entrepreneurship to a joint doctoral research colloquium on recent developments in strategic management and digital entrepreneurship. In total, 40 doctoral students and academic supervisors from five German universities came together and discussed their research. The HHL doctoral candidates Benedict Seiferlein, Anil Yigit, Alexander Kramer and Maurice Steinhoff presented their current research on business model innovation, artificial intelligence in strategic management, corporate accelerators and digital business models. Thereby, they gained insightful feedback from their peers as well as expanded their research network contributing to a full success of this event. October 2020: Doctoral Day in Leipzig On 9th of October 2020, the new Research Group Strategic Entrepreneurship invited for the second time to a Doctoral Day on the latest developments in research on strategic management and entrepreneurship. Prof. Dr. Stephan Stubner and JProf. Dr. Dominik Kanbach as well as 24 PhD students of the Research Group came together discussing their research projects and methods in a constructive atmosphere. Thereby, they have gained insightful feedback from each other and have networked together leading to a successful and beneficial event for every participant. Prof. Dr. Andreas König (University of Passau), editor of the “Strategic Entrepreneurship Journal” and long-time partner of the Porsche AG Chair of Strategic Management and Digital Entrepreneurship, invited our Research Group to the online session “Meet the Editor” in the afternoon. He provided interesting information about the submission and publication in A Journals. All participants enjoyed this insightful session.

CHAIR REPORT 2020/2021 37 Supervised Master Theses We enrich our PhD and professorial research interests with topics that we provide for master theses. These topics either directly link into one facet of the key research areas or aim to develop additional areas of interest. In 2020 and 2021, the Chair supervised 72 master theses, 41 as first and 31 as second reviewer. Many junior researchers derive interesting and valuable insights and contribute to research and practice. Some notable contributions are: In 2021 _ Orth Henry: How Do African Accelerators _ Kaupa, Johannes: The effect of venture capital _ Rösnick Till: Designing Corporate Accelerator Operate? – Deriving a Taxonomy for Accelerator Programs in Africa investments on the performance of Chinese companies: a systematic literature review _ Tostmann, Benedikt: Study on the Global _ Schmidt, Tina: Multiple-Case study on the and Startup Collaboration after the Demo Day – An Exploratory Study on Relevant Characteristics in the Post-Acceleration Phase Corporate Accelerator Landscape Typology of Corporate Accelerators in Europe _ Nourzai, Massimo: Artificial Intelligence in the _ Kothe, Felix: Coping with critical factors in _ Zinngrebe, Gian: Innovation-as-a-Service: A the founding process of biotech startups: A contemporary guide for scientists and entrepreneurs _ Schönfelder, Kevin: Organizational development in fast growing companies within a corporate group using the example BALANCE GmbH within VNG AG Pathway to Strategic Renewal? _ Hübner, Ole-Simon: Innovation Contests in not-for-profit organizations – an effective combination to ensure knowledge and technology transfer? _ Schönhofer, Maximilian: Update Global Corporate Accelerator German Mechanical and Plant Engineering Industry: an Explorative Investigation to determine the Status Quo, Planned Approaches, and Challenges of SMEs _ Schmidt, Daniel: A study on German start-up incubators and their screening processes and practices In 2020 _ Ackermann, Elias: Corporate Accelerators: _ Klaus, Sonya: Effectivity of founding initiatives _ Hermann, Daniel: Resistance to Change The Relevance of the Post-Acceleration Phase from a Literature Perspective. A Guideline for Future Empirical Research and coaching for women: comparison of female founding initiatives and composition of guidelines _ Mittelmeier, Lena: Funding success of German _ Hagedorn, Robert: Digital identity (ID) women-led start-ups with venture capital firms – An exploration of the venture-capital gender funding gaps systems across Europe and their role for a digital society _ Kyas, Marcel: The Concept of Resources in and Employee Involvement during Digital Transformation in German SMEs: An Analysis of Management Perceptions Dependent on the Level of Corporate Digital Maturity _ Kempkes, Leo: Opportunities and challenges in the application of artificial intelligence within the strategy process _ Pusch, Artjom: Measures to improve the EXIST Business Start-up Grant and direct effects from the point of view of Start-up founders _ Schmid, Robin: Date Entrepreneurship – The Effect of Increased Data Availability on Entrepreneurial Opportunity Recognition _ Frey, Philipp: The value-add to growth-stage start-ups by Venture Capitalists and other service providers _ Hätinger, Salome: The Product Owner – an underestimated driver behind the digital transformation of organizations? _ Thill, Pauline Sofie: Startup Accelerators’ Offerings to their Corporate Partners – An Empirical Study _ Jayarajan, Arjun: Drivers and barriers for adoption of Mobile Payments by retailers in Germany _ Fischer, Julia: Transformation of the automotive industry – Increasing innovation pressure from China on German car manufacturers Entrepreneurship – Integrating three Decades of Research _ Lachmann, Erik: An in-depth analysis on challenges of accelerator programs _ Klein, Alexander: Single-site case study on _ Pfleiderer-Stellbogen, Janina: Co-creation Corporate Entrepreneurship activities at Robert Bosch GmbH _ Truckenbrod, Tomislav: How AI applications change business processes to drive cost advantages _ Nguyen, Thanh: Make a wish: A resource- based view on needs of digital start-ups. _ Stamer, Armin: From Acceleration to Collaboration – Recommendations for the Design of a Structured Corporate Accelerator Post – acceleration Phase _ Klupsch, Markus: Assessing Corporate Accelerators in the Post-Accelerator Phase: An In-depth Analysis of German Corporate Accelerator Cases _ Vetterling, Dennis: Success Factors for Platform-Based Business Models in the German Banking Market in New Product Development: Qualitative- empirical analysis in the automotive industry on the example Dr. Ing. h.c. F. Porsche AG _ Thürer, Liv: Creating Insurance Customer Value through AI: Improving customer experience through the application of artificial intelligence in the German property and casualty insurance market _ Rauch, Tim: Obstacles to successful Digital Transformation in German SMEs _ Schuster, Rebekka: Business Consulting/ Entrepreneurial project: Introduction of a new energy service on the German Market _ Klatt, Fabian: The Raison d’Être of Business Schools: Systematic Review of Criticism and Future Perspective _ Rüther, Janik: Strategies for SMEs to meet the challenges of digital transformation – a resource-based view

CHAIR REPORT 2020/2021 39 Nino Tomini, M.Sc. Research Associate Education: B.Sc. Economics Goethe University Frankfurt am Main, M.Sc. Business Administration University of Leipzig and Royal Melbourne Institute of Technology (RMIT) Ho-Chi-Minh-City, Vietnam Maurice Steinhoff, M.Sc. Research Associate Work experience: Project Manager (MAC IT-Solutions) Education: M.A. in International Management (Europa University Flensburg) Francie Lange, M.Sc. Research Associate Education: B.A. in Social Economics University of Hamburg; M.Sc. in Business Administration Philipps University Marburg Nino Tomini is Research Associate and doctoral candidate at the Chair. After receiving his Bachelor’s degree from the Goethe University in Frankfurt am Main, he graduated from the University of Leipzig as M.Sc. in Business Administration in 2020. Within his studies Nino spent one semester abroad at the Royal Melbourne Institute of Technology in Ho-Chi-Minh-City, Vietnam. In addition, he acquired practical experiences as an intern and working student at Ferrero, Ogilvy & Mather and the Volkswagen Group. His research focuses on the exploration of transformational entrepreneurship in emerging markets in the ASEAN region. In particular, he investigates how entrepreneurial ecosystems foster economic and social growth in emerging markets within the ASEAN region. Maurice Steinhoff is doctoral candidate at the Chair. Prior to HHL, he worked as a consultant at MAC it-solutions, an eCommerce specialist. Further he gained substantial work experience in Great Britain, Poland and Italy as well as from own entrepreneurial activity. He holds a M.A. in International Management focusing on strategy and organization and a B.Sc. in Information Systems. In his current role as Lead Incubation Manager, Maurice is responsible for the structured 12-week incubation program at HHL DIGITAL SPACE and helps established companies to find innovative future business models. His research focusses on Strategic Entrepreneurship. Especially, he examines venture building from various perspectives and contributes to new approaches to an entrepreneurial management in established companies. Francie Lange is Research Associate and doctoral candidate at the Chair. After receiving her Bachelor’s degree from the University in Hamburg in Social Economics, she graduated from the Philipps University in Marburg as M.Sc. in Business Administration. Within her master studies, she focuses on strategic management and was collaborating with our partnering Chair of Prof. Dr. Torsten Wulf. She gained work and study experience abroad in the USA, France, and the Netherlands. Furthermore, she acquired practical experience at Lufthansa Technik and Accenture Consulting as an intern and a working student. Her research focuses on incubation of new businesses and digital transformation in small and medium- sized enterprises. Especially, she investigates in the topic how incubation fosters the founding of new businesses and how digitalization allows transformation in small and medium sized enterprises, both for a sustainable economic development.

CHAIR REPORT 2020/2021 41 Bastian Burger is an external doctoral candidate at the Chair. He holds M.Sc. degrees in Management and Physics from the Technical University of Munich and an Honors Degree in Technology Management from CDTM. He has an extensive Background in startup management, serving in leading positions and founding his own enterprises. Currently he serves as consultant for innovation management and advisor to startups in his consulting practice. His ties to the leading entrepreneurship networks in the world help him during his research at HHL. His doctoral research examines the role of ego and narcissism in startup entrepreneurship. Observing narcissistic behavior in his practice, he is particularly interested in the effect of narcissistic tendencies of founders in the complex ecosystem of startups. He is applying his findings from the research in his professional work. Kerstin Fliege is an external Research Associate at our Chair. Ms. Fliege graduated from HHL where she received her M.Sc. degree majoring in Strategy, Entrepreneurship, Marketing and Advanced General Management. In 2015, she spent a term abroad at the University of Jönköping, Sweden. Before joining HHL, she received her B.Sc. degree in Business Administration from the Hochschule Heilbronn. Her work experience includes 10 years of diverse positions in strategic brand marketing in the Fast-Moving Consumer Goods industry. Her research focus is on strategic challenges of SMEs especially with regards to digital transformation. Oliver Gernsheimer is an external doctoral candidate at the Chair. He holds a B.Sc. in International Business and an MBA from the University of Mannheim. Oliver has worked in Argentina, Brazil, Switzerland, and the USA, where he led several teams in the areas of strategy, portfolio, and business management. His dissertation focuses on the effective management of coopetiton strategies. Christian Glade is an external doctoral candidate at the Chair. He has more than 10 years of professional experience in various sales positions in the IT and software industry, among others at Oracle, Infor and T-Systems. Mr. Glade completed his studies with a diploma degree in business administration with a focus on marketing and strategic management at the Westfälische Wilhelms- University Münster in 2010. His research focuses on negotiations between entrepreneurs and investors in the financing of start-ups. Nina Sophie Greimel is an external doctoral candidate at the Chair. She works as a Consultant for Accenture in the area of Change Management and HR Transformation. Nina Greimel holds a Master in Management from EBS Universität für Wirtschaft und Recht and studied abroad at Wilfried-Laurier-University in Waterloo, Canada. Her dissertation project is focused on “New Work and Leadership” in a virtual working environment. Bastian Burger Kerstin Fliege Oliver Gernsheimer Christian Glade Nina Greimel

CHAIR REPORT 2020/2021 43 Alexander Kramer is a doctoral candidate and former Research Associate at the Chair. After receiving his bachelor’s degree at Friedrich Alexander University Erlangen-Nuremberg, he graduated from Ingolstadt School of Management as M.Sc. in Business Administration in 2017. Within his studies he spent semesters abroad in Russia and South Africa. Furthermore, he acquired practical experience as an intern and working student at Continental Engineering Services, Continental Malaysia and Allianz Deutschland. His research focuses on the area of corporate entrepreneurship. In particular, he explores the accelerator mechanism and its development over time. Peter Krysta is an external doctoral candidate at the Chair. He holds an M.Sc. degree from the University of Mannheim and completed his Bachelor degree at the Friedrich-Alexander University Erlangen-Nuremberg. During his studies, he gained international experience in China and Canada. Mr Krysta’s professional background is in strategy consulting. He is currently Vice President at Stern Stewart & Co. focusing on strategy development, M&A, re-organization and restructuring mainly in automotive, healthcare & high-tech industries. His dissertation project analyses the value creation practices of private equity firms in portfolio companies. Sophia Kuhl has been part of the research group since she joined HHL in 2020 as the managing director of HHL DIGITAL SPACE – the early-stage tech incu- bator in Leipzig. Previously she worked at Amazon Web Services as account manager with large B2B SaaS Startups in Berlin. She also holds several techni- cal certifications such as the AWS Machine Learning Specialty. Her research focuses on early-stage team composition, which is in line with the Porsche Hackathon 2021 attracting new teams with tech and business profiles to tackle digital logistics challenges. Her background is in International Marketing Man- agement, where she holds a M.A. degree from Berlin School of Economics and Law and a B.A. in Business Communication Management from HTW Univer- sity of Applied Sciences. Being a scholar of the German Academic Scholarship Foundation (Studienstiftung des Deutschen Volkes), she also studied in Dublin at DIT and at University of Zaragoza. Niklaus Leemann is an external doctoral candidate at the Chair. His research interest is in strategic management of incumbent organizations in chang- ing environments, particularly in dynamic capabilities. Niklaus has more than 10 years’ experience as management consultant, formerly as Vice President with Stern Stewart & Co., today as independent strategy advisor. He has advised various clients in different industries in Europe and North America. Niklaus studied business administration at the University of St. Gallen (HSG) and Nanyang Business School, Singapore. Julia S. Roppelt is an external doctoral candidate at the Chair. After having com- pleted her dual bachelor’ s degree in International Management with Engineer- ing in cooperation with Siemens Healthineers in 2017, she completed her Mas- ter’s degree in Management with a focus on innovation management, marketing and economics at the University of Mannheim in 2019. In her current position as a Product Manager for Digitalization and Collaboration Manager @ Women’s Health, Siemens Healthineers, she is responsible for the digital strategy, road- map and innovation pipeline as well as customer cocreations and interactions at Women’s Health. Her cumulative, publication-based dissertation will examine the topic of digital transformation in the healthcare industry, with a special focus on both commercial and organizational aspects of multi-national corporations. Alexander Kramer Peter Krysta Sophia Kuhl Niklaus Leemann Julia Roppelt

CHAIR REPORT 2020/2021 45 Caledonia Trapp is an external doctoral candidate at the Chair. She completed her Master’s degree in Political Economy of Europe at the London School of Economics and Political Science (UK); before that, she studied Business Administration at the University of Mannheim and the University of Warwick (UK). During her studies, she gained professional experience in finance and consulting and as a research assistant. Caledonia Trapp is a prospective honorary ambassador of the Alliance for Development and Climate Foundation initiated by the Federal Ministry of Economic Cooperation and Development. Caledonia Trapp is also engaged as a member of the Young Energy Professionals (YEPs) network of the World Energy Council – Germany. She is an alumna of the Konrad Adenauer Foundation's scholarship program for gifted undergraduate and graduate students and a scholarship holder of its doctoral program. Her research focuses on business models in the green technology sector. Philipp Veit is external Research Associate at the Chair. He holds a M.Sc. in Management from HHL Leipzig Graduate School of Management as well as a B.Sc. in Business Administration from the Catholic University of Eichstätt- Ingolstadt. At HHL Mr. Veit graduated best-in-class, is a recipient of the Germany Scholarship and won several case competitions (a. o. WFI Consulting Cup, Accenture Strategy Global Case Challenge). Mr. Veit holds a stipend for outstanding academic performance and social engagement from the Foundation of German Business (Stiftung der Deutschen Wirtschaft). He studied and lived in the U.S., Great Britain, India and Germany and gained practical experience in different positions in start-ups, strategy consulting and the automotive industry. His research focuses on accelerators as mechanism for technology business incubation and organizational design in entrepreneurship. Lysander Weiss is an external doctoral candidate at the Chair. Led by current debates on the use of entrepreneurship in established firms to deal with increasingly complex and uncertain environments, his work focuses on the organizational design to successfully leverage corporate venturing and innovation units for the strategic renewal of firms’ competitive advantage. As a partner at the award-winning management consultancy Venture Idea, he translates his findings to practice by advising established firms in their pursuit of strategic renewal, and brings their challenges back into the academic discussions. The insights gained are shared in his multiple publications of influential management books such as “Das Comeback der Konzerne” (Vahlen, 2018)/ “The Corporates Strike Back” (Springer, 2021), “Erfolgreich durch die Krise” (Springer, 2020), and “Good Job!” (Vahlen, 2019). Lysander Weiss holds a BA (Banking & Finance) from Hochschule Weserberg- land and a MSc (Strategic Entrepreneurship) from Jönköping International Business School. He previously worked and studied in Sweden, Singapore, South Africa, and France and is currently based in Düsseldorf, Germany. Caledonia Trapp Philipp Veit Lysander Weiss Anil Yigit is external doctoral candidate at the Chair. He completed his Master degree in Business & Economics with the focus on Strategic Management and Finance at the Technical University of Dortmund in November 2015 and studied abroad at Columbia University in New York. After working as a Senior Consultant at Deloitte M&A Management Consulting, he continues his career at Wilo as Head of Sales Excellence Emerging Markets. His publication-based dissertation will consist of four research papers that are contextually linked with each other. The overall aim is to analyze the importance of Artificial Intelligence technologies for the strategic management of enterprises. Anil Yigit

CHAIR REPORT 2020/2021 47 Awards Franz David Rumstadt: PR Report Top-Talent 2021 Franz Rumstadt, external PhD candidate at our Chair was announced top 30 under 30 talent by Communications trade journal “PR Report”. The distinction is awarded annually and features the top 30 talents under the age of 30 in media, PR, communications and journalism from corporations, agencies and political parties in German speaking countries. In the coherent edition Franz Rumstadt was especially empathised for his profound academic education in business paired with his professional experience in PR, allowing him to perform in the interface between Communications and the executive board. Mr Rumstadt works as Project Manager Communication Strategy and Reputation at German sports- car manufacturer Porsche AG in Stuttgart, where he started his career as Executive Assistant to the Vice President Communications, Sustainability and Politics in 2018. Caledonia T. C. Trapp: Driving sustainability as a HHL doctoral candidate energy for the greatest benefit of all”. We are looking forward to seeing how Caledonia Trapp will combine her voluntary engagement in sustainability and her research interests in the future! Caledonia Trapp is a prospective honorary ambassador of the Alliance for Development and Climate Foundation initiated by the Federal Ministry of Economic Cooperation and Development. Private individuals, associations, institutions, or companies support climate protection projects in developing and emerging countries through the alliance as a multi-stakeholder cooperation that simultaneously strengthens economic development, improves living conditions, and protects the environment. In return, the actors receive climate certificates that prove the extent to which they offset CO2 emissions through their commitment. To select suitable projects, they can contact offset providers who support the alliance. Caledonia Trapp is also engaged as a member of the Young Energy Professionals (YEPs) network of the World Energy Council – Germany. The YEPs see themselves as an interdisciplinary network of young professionals from the entire spectrum of the energy industry who want to help shape a sustainable energy future. Under the umbrella of the Weltenergierat – Deutschland e. V., the YEPs participate as the “young voice of the energy industry” in its work and provide impetus. At the same time, the YEPs act as ambassadors for the goals and findings of the World Energy Council “to promote the sustainable supply and use of JProf. Dr. Dominik Kanbach: Best Lecturer Award 2020 Good lecturers are the heart of education at HHL. These outstanding lecturers enthuse and inspire the students to apply economic theory but also to think outside of the box. To honor exceptional teaching approaches, HHL grants the best lecturer award to lecturers in recognition of their special contribution to teaching and education at HHL. The students evaluate the performance, content and interaction of the lecturer during the courses. Based on the student feedback, the award was given to JProf. Dr. Dominik Kanbach in 2020.

CHAIR REPORT 2020/2021 49 We thank our contributors and partners We are thankful to have a strong network of partners and contributors. They help us to provide world-class education to students and serve as role-models and inspirations through guest lectures and discussions. Many of our partners also collaborate with the Chair in a variety of research activities. Affi liated Professors Center for Strategy and Scenario Planning Prof. Dr. Torsten Wulf Professor Strategic and International Management, Phillps University Marburg Prof. Dr. Burkhard Schwenker Chairman of the International Advisory Board, Roland Berger Strategy Consultants Prof. Dr. Harald Hungenberg Dean of Executive Education, ESMT Berlin Academic Contributors _ Dr. Tobias Raff el Roland Berger Strategy Consultants, Berlin Instructor of the course “Strategies for Growth” _ Prof. Dr. Albrecht Enders Professor Strategy and Innovation, IMD Lausanne Contributor at Summer School of HHL’s Doctoral Program _ Prof. Dr. Harald Hungenberg Dean of Executive Education ESMT Berlin, Chairholder, Chair of Corporate Management, Friedrich-Alexander University Erlangen-Nürnberg Instructor of the course “Corporate Strategy”, “Strategic Management”, “Managing Global Corporations” _ Dr. Christian Brands Research Associate, HHL Center for Strategy and Scenario Planning, HHL Leipzig; Chair of Strategic and International Management, Philipps University Marburg Open Lecture “Quantitaive Managerial Techniques” _ Prof. Dr. Andreas König Chairholder, Chair of Strategic Management, Innovation, and Entrepreneurship, University of Passau Contributor at Summer School of HHL’s Doctoral Program _ Dr. Christian Hoff mann, Engagement Manager, McKinsey & Company _ Prof. Dr. Philip Meißner Professor Management, ESCP Business School Instructor of the course “Problem Solving & Communication”, “Business Strategy”, “Quantitative Managerial Techniques” _ Dr. Henning Blarr Vice President | Business Performance & Improvement | Divison Electrifi ed Powertrain Technology | ZF Group Instructor of the course “Business Strategy”