HHL Chair Report Strategic Management Digital Entrepreneurship

02 CHAIR REPORT SUMMER UPDATE 2022 HHL Leipzig Graduate School of Management Our Mission Programs We educate entrepreneurial, responsible and effective business leaders through outstanding teaching, research and practice. We are driven by excellence in teaching and research to benefi t our students, stakeholders and society. Our academic quality is underscored by our global outlook and a lifelong premier service and support network. _ Master in Management (full-time + part-time) _ Master in Management | Finance (full-time + part-time) _ Master in Management | Entrepreneurship (full-time) _ MBA Program (full-time + part-time) _ Doctoral Program Executive Programs _ State-of-the-art advanced training programs _ company-specifi c and open enrolment programs _ excellent lecturers with a practical approach Our Quality HHL was the fi rst private business school in the German-speaking region to be accredited by AACSB International in 2004. Since then, HHL was successfully reaccredited in 2009, 2014 and 2019 under the new standards. AACSB puts a special focus on the continuous improvement and mission of the school. In addition, all HHL study programs are nationally accredited by ACQUIN e. V. Locations Cologne Leipzig Munich Numbers we are proud of #1 Entrepreneurial University in Germany Startup Radar by Stifterverband #8 Worldwide in the category “Value for Money” QS Masters in Management Ranking 2022 780 Students in part-time and full-time classes 50+ Nationalities on campus 140+ Top partner universities around the globe #9 Career service worldwide Financial Times Global Masters in Management Ranking 2021 350+ Companies founded or co-founded by HHL alumni 1st Address for business education in Germany since 1898

CHAIR REPORT SUMMER UPDATE 2022 03 Welcome by Prof. Dr. Stephan Stubner Welcome to our Chair report summer update 2022. Typically, we provide you news and updates from the Dr. Ing. h.c. F. Porsche AG Chair at HHL in form of a report every two years. However, with this update 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 the first half of the year 2022. In October 2022, HHL Leipzig Graduate School of Management is celebrating its 30th anniversary since being reestablished in 1992. In accordance with the tradition of the original idea of the Handelsschule, conceived by merchants in the region in 1898, HHL today has a firm place as an internationally renowned university in the Free State of Saxony with a mission to educate entrepreneurial, responsible and effective business leaders. Reflecting on that, I am proud of what the entire team at HHL and especially at the Porsche AG Chair has achieved in this turbulent year 2022 so far. The recent activities once again show that the Porsche AG Chair is at the forefront of developments in teaching, research, and our transfer activities. In research, our Strategic Entrepreneurship Research Group is further developing at a significant speed level: Not only in terms of new doctoral candidates joining our team but especially in terms 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, of research output in high-ranked international academic journals. In teaching, we continuously thrive for the digitalization of our lectures approaches and introduced with the HPI x HHL Future Builder an innovative course format for interdisciplinary entrepreneurship in the digital world. In transfer activities, we strive for creating on thought-leadership positions based on relevant topics from our research, currently the use of metaverse technology and new business models in this promising area. All in all, one can definitely say that we look back to a very successful first half of 2022 at the Porsche AG Chair. Prof. Dr. Stephan Stubner Dean of HHL and Chair Holder

CHAIR REPORT SUMMER UPDATE 2022 05 Welcome by JProf. Dr. Dominik Kanbach It is my pleasure to welcome you all to the 2022 summer update of our Chair report. Even if only half a year has passed, we have once again made significant achievements at the Dr. Ing. h. c. F. Porsche AG Chair at HHL. Therefore, with this edition of the chair report, we want to provide some updates of our activities in teaching, research and transfer. Once again, I am especially proud of what our team has achieved in recent months. Our Strategic Entrepreneurship Research Group, is a vibrant community of more than 30 doctoral candidates and researchers covering a broad range of topics and more and more becomes a thought leader for highly relevant topics of our times. The year 2022 started with a highly ranked journal publication in the field of metaverse technology. A topic that we currently put a strong research focus on and that is highly relevant for practitioners in all industries. Since the end of 2021 we also had four successful exits from our research group and it is my great honor to congratulate again Dr. Florentine Salmony, Dr. Philipp Veit, Dr. Benjamin Bugl and Dr. Niklaus Leemann for successfully defending their doctoral theses. Great job! As travel restrictions are easing, the Strategic Entrepreneurship Research Group is also physically present at many leading international conferences. A recent highlight was surely the ISPIM Connects Valencia Conference in December 2021 at which we were the largest research group with six paper contributions. We also continue to grow our network with leading international professors. I am extremely happy that we have already published four papers in 2022 together with Prof. Dr. Sascha Kraus. He is Full Professor of Management at the Free University of Bozen-Bolzano and a worldwide leading entrepreneurship researcher. In teaching we also made a significant achievement in early 2022: With the launch of the HPI x HHL Future Builder Program we have taken the traditional business plan seminar at HHL to the next level. Working together with our friends from the Hasso-Plattner-Institute (HPI) in Potsdam we have created an interdisciplinary entrepreneurial challenge that combines our strengths at DIGITAL SPACE – The HHL Digital Transformation Platform with the School of Entrepreneurship at HPI. Thanks for everyone involved and I am looking forward to the next edition of the Future Builder! All our achievements are the result of our great team. Therefore, we once again devote much space 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 summer update, and I am looking forward to driving the further success of the Porsche AG Chair together with all of you. Yours sincerely, JProf. Dr. Dominik Kanbach Junior Professor for Strategic Entrepreneurship & Research Lead

06 CHAIR REPORT 2021/2022 “ The fast-moving and rapidly changing world requires new skills of future business leaders. The Porsche AG Chair of Strategic Management and Digital Entrepreneurship offers courses at the intersection of strategy and entrepreneurship. With this excellent academic focus on education, the Porsche AG Chair equips the students with the requisite skills to succeed in this complex business world. I am looking forward to see the Porsche AG Chair to build on these great achievements to create the entrepreneurial and strategic business leaders of the future. Dr. Henning Blarr Vice President, ZF Group “ As an Alumnus of HHL and supporter of the Chair, I am together with my colleagues actively involved in the course ‘Problem Solving & Communication’‚ to provide insights into our daily business. In the final assignment of the course, we challenge students to logically develop and convincingly present strategies for real-world companies. By doing so, all students in the course get deep and applicable insights into problem solving in practice. A clear characteristic of courses from the Porsche AG Chair at HHL: Equipping the future generation of business leaders with the required skills to thrive in the coming decades! Alexander Kout Manager, Stern Stewart & Co. “ As PhD alumna of the Porsche AG Chair of Strategic Management and Digital Entrepreneurship, I could experience how the chair equips students with business essentials such as problem solving, structured thinking and entrepreneurial acting. These skills will accompany HHL students forever and are the key to success to become impactful future leaders. I am happy to see how the Chair continuous to develop even in times of a global pandemic. Dr. Anna Frieda Rosin Strategy Consultant, CARIAD SE

CHAIR REPORT SUMMER UPDATE 2022 07 Content Research Group Footprint Research Teaching Transfer Conference and Presentations Supervised Master Theses People We thank our contributors and partners 08 10 13 23 25 33 34 45 IMPRINT Publisher: HHL Leipzig Graduate School of Management Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship Chairholder: Prof. Dr. Stephan Stubner Jahnallee 59 04109 Leipzig T +49 341-9851-828 F +49 341-9851-679 Stephan.stubner@hhl.de www.hhl.de Photos: HHL, Daniel Reiche Publication Date: September 2022 “ As MSc. and PhD alumnus of HHL, I have been privileged to experience how the Porsche AG Chair of Strategic Management and Digital Entrepreneurship has shaped me and others in multiple ways. Both, the excellent academic level as well as the hands-on practical projects equip students with the knowledge, skills and tools needed for the challenges of today and tomorrow. It is this comprehensive education combined with an entrepreneurial mindset that enables generations of alumni to succeed in entrepreneurship, consulting and the corporate world. Dr. Philipp Veit Founder and Head of the SMART Finance Accelerator, Group Börse Stuttgart

08 CHAIR REPORT SUMMER UPDATE 2022 Research Group Footprint The Strategic Entrepreneurship Research Group at the Porsche AG Chair of Strategic Management & Digital Entre- preneurship brings together PhD from diverse regions: All over Germany, in Switzerland and in the United States of America. Despite the geographical distribution in-depth research discussions in Leipzig at HHL are a crucial part of the group’s identity. In addition, members of the Research Group frequently come together in their regional chapter for exchange and socializing. JProf. Dr. Dominik Kanbach and Prof. Dr. Stephan Stubner also visit these regional chapters for personal exchange. Zürich (Switzerland) Münster Dortmund Köln Nürnberg Basel (Switzerland) Frankfurt Duisburg München North Carolina (USA) Düsseldorf Leipzig Stuttgart Jakarta (Indonesia) Strategic Entrepreneurship Research Group in May 2022 in Leipzig Strategic Entrepreneurship Research Group in September 2021 in Stuttgart

CHAIR REPORT SUMMER UPDATE 2022 09 Awards Malte Schneider receives Scientific Panel Contribution Award at the 33rd IPSIM Innovation Conference 2022 in Copenhagen Since 1983, the International Society for Professional Innovation Manage- ment organizes the ISPIM Innova- tion Conference which was held in Copenhagen from June 5th to June 8th bringing together a multidiscipli- nary community of scholars, industry leaders and other experts to advance the field of innovation management. Each year, a committee nominates an awardee for the “Scientific Panel Contribution Award” who provided thoughtful, useful evaluation com- ments and provided comment or contribution to help the scientific side of ISPIM. At this year’s confer- ence, Malte Schneider, external doc- toral candidate at the Strategic Entre- preneurship Research Group was selected to receive this award for his outstanding scientific input and con- tributions to the ISPIM community. Malte Schneider at the 33rd IPSIM Innovation Conference

10 CHAIR REPORT SUMMER UPDATE 2022 Research The Research Group Strategic Entrepreneurship at the Porsche AG Chair focuses on a variety of projects in the fields of stratehic management, entrepreneurship, and corporate entrepreneurship. Building on solid theory base combining rigor and relevance, our researchers analyze relevant phenomena scientifically 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 significantly contribute to the academic discussion on international top-level through publications in high-ranked journlas as well as leading conferences worldwide. Journal Publications 2021–2022 A-RANKED PUBLICATIONS (VHB: A+/A or ABS: 4 or SJR: Q1): Research, 28(9), 52–77. https://doi.org/ 10.1108/IJEBR-12-2021-0984. Bugl, B. M., Balz, F. P., & Kanbach, D. K. (2022). Leveraging smart capital through corporate venture capital: A typology of value creation for new venture firms. Journal of Business Venturing Insights, advance publication online: https://doi. org/10.1016/j.jbvi.2021.e00292. Gernsheimer, O., Kanbach, D. K., & Gast, J. (2021). Coopetition research – A systematic literature review on recent accomplishments and trajecto- ries. Industrial Marketing Management, 96, 113–134. https://doi.org/10.1016/j. indmarman.2021.05.001. Hofmeister, J., Schneider, M. H. G., Kan- bach, D. K., & Kraus, S. (2022). Combin- ing strategies for high service productivity with successful service innovation. Service Industries Journal, forthcoming. Korherr, P., & Kanbach, D. K. (2021). Human-related Capabilities in Big Data Analytics: A taxonomy of human fac- tors with impact on firm performance. Review of Managerial Science, pub- lished online: https://doi.org/10.1007/ s11846-021-00506-4. Kraus, S., Kanbach, D. K., Krysta, P., Steinhoff, M., & Tomini N. (2022). Face- book and the creation of the Metaverse – radical business model innovation or incremental transformation? International Journal of Entrepreneurial Behaviour and Salmony, F., & Kanbach, D. K. (2021). Personality trait differences across types of entrepreneurs: A systematic literature review. Review of Managerial Science, published online: https://doi.org/10.1007/ s11846-021-00466-9. Trapp, C. T. C., & Kanbach, D. K. (2021). Green entrepreneurship and business models: Deriving green technology busi- ness model archetypes. Journal of Cleaner Production, published online: https://doi. org/10.1016/j.jclepro.2021.126694. Weiss, L., & Kanbach, D. K. (2021). Toward an integrated framework of corporate ven- turing for organizational ambidexterity as a dynamic capability. Management Review Quarterly, published online: https://doi. org/10.1007/s11301-021-00223-y. B-RANKED PUBLICATIONS (VHB: B or ABS: 3 or SJR: Q2): Journal of Decision Systems, published online: https://doi.org/10.1080/12460125.2 022.2062848. Leemann, N., & Kanbach, D. K. (2022). Toward a taxonomy of dynamic capa- bilities – a systematic literature review. Management Research Review, 45(4), 486-501. https://doi.org/10.1108/ MRR-01-2021-0066 Salmony, F., Kanbach, D. K., & Stubner, S. (2021). Entrepreneurs in Times of Crisis: Effects of Personality on Busi- ness Outcomes and Psychological Well-Being. Traumatology, forthcoming, advance online publication: http://dx.doi. org/10.1037/trm0000359. Seiferlein, B., Gernsheimer, O., & Kanbach, D. K. (2022). Fostering entre- preneurial competencies for business model innovation – The case of Audi Denkwerkstatt, International Journal of Automotive Technology and Manage- ment, DOI: 10.1504/IJATM.2022.10045209, forthcoming. Bugl, B. M., & Kanbach, D. K. (2022). Non-financial value creation in corporate venture capital: a systematic review of empirical studies. International Journal of Entrepreneurial Venturing, DOI: 10.1504/ IJEV.2022.10041629, forthcoming. Veit, P., Kramer, A., Kanbach, D., & Stubner, S. (2021). Revising the Taxon- omy of Corporate Accelerators: Mov- ing towards an Evolutionary Perspective. International Journal of Entrepreneurial Venturing, 13(6), 568-599. Korherr, P., Kanbach, D. K., Kraus, S., & Jones, P. (2022). The Role of Management in Fostering Analytics: The Shift from Intu- ition to Analytics-Based Decision-Making. Korherr, P., & Kanbach, D. K. (2021). Human-related Capabilities in Big Data Analytics: A taxonomy of human fac- tors with impact on firm performance.

CHAIR REPORT SUMMER UPDATE 2022 11 Further ongoing collaborative research projects with partners of the Porsche AG Chair: Prof. Dr. Jens Hogreve Chairholder and Vicepresident for Research KU – Katholische Universität Eichstätt-Ingolstadt Prof. Dr. Sascha Kraus Professor of Management Free University of Bozen-Bolzano, Italy Professor Dr. Paul Jones Head of School of Management Swansea University, Wales Prof. Dr. Claudia Lehmann Professor of Digital Innovation in Service Industries HHL Leipzig Graduate School of Management Prof. Dr. Johanna Gast Associate Professor Entrepreneurship & Strategy Montpellier Business School, France Prof. Dr. Frederic Le Roy Professor University of Montpellier, France Prof. Dr. Andreas Kallmuenzer Professor of Entrepreneurship and Management Excelia Business School, La Rochelle, France Prof. Dr. Josef Arweck Professor for Media Management, Former VP of Communications Porsche AG IU International University, Germany Review of Managerial Science, pub- lished online: https://doi.org/10.1007/ s11846-021-00506-4. erature Review. International Journal of Strategic Management (IJSM), 21(1), 5–40. http://dx.doi.org/10.18374/IJSM-21-1.1 C-RANKED PUBLICATIONS (VHB: C or ABS: 2 or SJR: Q3): Balz, F. P., Bugl, B. M., & Kanbach, D. K. (2022). New Venture Value Creation in Syndicates between Independent and Corporate Investors. International Journal of Innovation and Technology Manage- ment, forthcoming: https://doi.org/10.1142/ s0219877022500146. Leemann, N., Kanbach, D., & Stubner, S. (2021). Breaking the Paradigm of Sens- ing, Seizing, and Transforming – Evidence from Axel Springer. Journal of Business Strategies, 38(2), 95–124. https://doi. org/10.54155/jbs.38.2.95-124 Rumstadt, F., & Kanbach, D. K. (2022). CEO activism. What do we know? What don’t we know? A systematic literature review, Society and Business Review, ahead-of-print, https://doi.org/10.1108/ SBR-10-2021-0194. Salmony, F., & Kanbach, D. K. (2022). Changes in entrepreneurs’ risk-taking pro- pensity across venture phases, Journal of Enterprising Culture, 30(1), 1–31, https:// doi.org/10.1142/S0218495822500017. Yigit, A., & Kanbach, D. K. (2021). The Importance of Artificial Intelligence in Strategic Management: A Systematic Lit- Seiferlein, B., Gernsheimer, O., & Kanbach, D. K. (2022). Fostering entre- preneurial competencies for business model innovation – The case of Audi Den- kwerkstatt, International Journal of Auto- motive Technology and Management, DOI: 10.1504/IJATM.2022.10045209, forthc. Kraus, S., Kanbach, D. K., Krysta, P., Steinhoff, M., & Tomini N. (2022). Face- book and the creation of the Metaverse – radical business model innovation or incremental transformation? Int.Journal of Entrepreneurial Behaviour and Research, 28(9), 52–77. https://doi.org/10.1108/ IJEBR-12-2021-0984. FURTHER PUBLICATIONS: Leemann, N., & Kanbach, D. K. (2022). Somedia: Diversification by leveraging resources and capabilities, Ivey Pub- lishing, https://www.iveypublishing. ca/s/product/somedia-diversification- by-leveraging-resources-and-capabi- lities/01t5c00000D687RAAR. Trapp, C. T. C., Kanbach, D. K., & Kraus, S. (2022). Sector coupling and business models towards sustainability: The case of the hydrogen vehicle industry. Sustain- able Technology and Entrepreneurship, ahead-of-print, https://doi.org/10.1016/j. stae.2022.100014.

CHAIR REPORT SUMMER UPDATE 2022 13 Teaching At the Porsche AG Chair we offer a variety of courses in the fields of Strategic Management and Digital Entrepreneur- ship in the MSc and MBA programs as well as in the Doctoral Program of HHL. Concerning our teaching approach, the Chair takes on a holistic and cross-functional perspective and a strong practical orientation. Our focus is on equipping our students with skills relevant in practice as well as knowledge and application of strategy and entrepreneurship tools and their underlying theories, teamwork, communication, and logical reasoning. Problem Solving and Communication The course “Problem Solving and Communication” addresses the question of how to deal with new and complex management problems. Students learn how to approach and communicate new challenges in a structured way using the pyramid principle, and how to prepare analyses through a diligent preparation process and reflective information gathering. As solutions always need to be communicated, an emphasis of the course is also laid on storyboarding and story lining. Special focus is given to the application of these methods in exercises and case studies. Disruptive Technology & Business Models Integrated Case Study The course “Disruptive Technologies & Business Models” provides students with the fundamental understanding of major technological developments affecting industries and societies in the era of digitalization. Students gain deep and applicable competences to help them understand and apply new technologies in the context of developing and transforming business models. The course addresses three main parts: (i) relevance of technology in today’s (business) world; (ii) Building and transforming business models – especially in the context of new technologies; and (iii) principles of current disruptive technologies. The lecture is part of the essential module “Entrepreneurship & Disruption” and includes a combination of lectures, discussions, case studies and group work. In the course “Integrated Case Study” students assess a management case from five different perspectives (Finance, Accounting, Logistics, Marketing and Strategy) and synthesize their insights to derive implications and recommendations for general managers. In the Strategy part students become familiar with fundamental and advanced concepts in Strategy. They gain deep and applicable competencies in understanding and applying the strategy process as well as selected strategy tools for the respective case company in its specific competitive position. The course “Integrated Case Study” combines interactive lectures with different exercises and group works.

14 CHAIR REPORT SUMMER UPDATE 2022 Entrepreneurial Challenges Business Plan Seminar Innovation Management & Corporate Entrepreneurship Case Study Training The course “Entrepreneurial Challenges” is designed to provide students with background information and ideas on how to start and grow their own business. It is a mix of lectures, discussions, team assignments and action learning. This course builds on contents from prior courses and extends the knowledge in selected areas worthwhile for future endeavors. It serves as a preparation and practice-oriented deep dive on the challenges of an entrepreneur. Continuously, HHL alumni and entrepreneurs such as Erik Pfannmöller (Solvemate), Christoph Behn (dieKartenmacherei) or Paul Schwarzenholz (zenloop) join the course to share their experiences as serial entrepreneurs. The “Business Plan Seminar” is an elective course that encourages students to develop a digital venture in a structured process. Within this course, students identify business opportunities, develop a business plan, and validate and critically reflect on their business idea. Therefore, students are equipped with the necessary skills to found their own startup. During the course, the students receive feedback from experienced entrepreneurs and business angels. The course is based on the structured startup incubation approach of the HHL DIGITAL SPACE. This structured approach guides the students from opportunity recognition to rapid prototyping and consequently to idea validation. After the course, the student teams are encouraged to participate in the upcoming batch of the HHL DIGITAL SPACE. 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. However, realizing an innovation within a corporate might be difficult. When writing a business plan, the goal is to convince external investors. Within corporate innovations the goal is to convince colleagues and the management to implement the idea. This seminar addresses all steps from finding ideas to convincing the management. To be as real as possible in this context, students will work on real innovation challenges. This can include analyzing problems, finding solutions, interviewing customers and other stakeholders, creating different business models, evaluating these models, building simple prototypes and discussing how they can actually be implemented within a company. The students will therefore go through the whole innovation cycle and will experience the challenges of corporate innovation firsthand. In this way, students will learn how corporate innovations works in practice. The Porsche AG Chair of Strategic Management and Digital Entrepreneurship offers a case study training to prepare the students for job interviews and application processes. The seminar provides the participants with the skills and knowledge to approach case studies and interviews in the application process, e.g. for a consulting job. Within this format, the students become familiar with the different 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 HPI x HHL Future Builder CHAIR REPORT SUMMER UPDATE 2022 15 The discussion series “Dismantling Leadership”, jointly organized by the Porsche AG Chair of Strategic Management and Digital Entrepreneurship and Leadership.Sprouts, is part of the management education at HHL. The objective of this course is to make participants familiar with different leadership approaches – both in theory and practice – and to reflect on the pros and cons and contextual implications. Prof. Dr. Stephan Stubner, Trivago co-founder Rolf Schrömgens and Anna Gottschalg (Leadership.Sprouts) invite leaders with diverse leadership styles to present their leadership approach and their experiences followed by an open discussion. When looking at the academic context, the content around leadership has rarely changed over the past 20 years, while our business world definitely has. In fact, a diverse landscape 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 first time between March and June 2021 and contained renowned speakers with diverse leadership styles such as David Schneider (CEO Zalando) or Niklas Östberg (CEO Delivery Hero) and many others. This year Business Plan Seminar comes as a joint master program to develop digital products. During the “Product Builder” project seminar, designed for master students of Hasso Plattner Institute Potsdam and HHL Leipzig Graduate School of Management, students work in agile, interdisciplinary product teams to experience market- and user-centric digital product development on the “living object”. Product development refers to the activities involved in solving a technical task that leads to a marketable product. This means both developing a – in our case – a digital product AND designing a suitable business model for it. During our “Product Builder” project seminar, designed for master students, students work in agile, interdisciplinary project teams with students from Hasso Plattner Institute Potsdam (HPI) and HHL Leipzig Graduate School of Management to experience market- and user-centric digital product development on the “living object”. The seminar creates a sustainable footprint since the business ideas contribute to the Sustainable Development Goals (SDG) introduced by the United Nations. Our teaching has included a 12-week course program with several hands-on techniques agile product development and testing as well as for formulating a valid business idea. The concept of the seminar included three main events to successfully bring the students of the two instituts together. In March, the seminar started with a three-day kick-off event in Lunow-Stolzenhagen, an offsite space. After the first half of the seminar, the “Market Day” offered the students the opportunity to get first feedback on their idea from a professional jury. This event was carried out at HHL bringing together students, challenges providers, the teaching team and ended with a great dinner at Oskar in Leipzig. At the end of June, the final “Launch Day” took place at HPI in Potsdam. We were able to welcome several guests and stakeholder of the seminar. The students pitched in five minutes their idea and presented their first product. This day allowed us to enjoy the great results of this interdisciplinary project.

16 CHAIR REPORT SUMMER UPDATE 2022 Course Overview 2022 Winter 2022 Spring 2022 Summer 2022 Fall 2022 Case Study Training (Full-time M.Sc. & MBA, 150 participants) Business Plan Seminar: Starting up your Digital Venture (Full-time M.Sc., 21 participants) Growth Management (Full-time MBA, 34 participants) Integrated Case Study (Full-time M.Sc.) Doctoral Colloquium 2022-03 (PhD, 7 participants) Doctoral Colloquium 2022-04 (PhD, 6 perticipants) Growth Management (part-time M.Sc., 10 partcipants) Growth Management (Full-time M.Sc., 46 participants) Corporate Strategy (part-time MBA, 39 participants) Integrated Case Study (part-time M.Sc.) Problem Solving & Communication (Full-time M.Sc.) Problem Solving & Communication (part-time M.Sc.) Winter 2021 Spring 2021 Summer 2021 Fall 2021 2021 Business Strategy (Full-time MBA, 42 participants) Business Plan Seminar: Starting up your digital venture (Full-time M.Sc., 20 participants) Entrepreneurship & Agile Working Methods (part-time MBA, 37 participants) Doctoral Summer Meeting: Entrepreneurship & Sustainability (PhD, 95 participants) Case Study Training (Full-time M.Sc. & MBA, 59 participants) Disruptive Technologies & Business Models (part-time M.Sc., 52 participants) Entrepreneurship & Agile Working Methods (Full-time MBA, 39 participants) Growth Management (Part-time M.Sc., 13 participants) Problem Solving & communication (Full-time MBA, 41 participants) Quantitative Managerial Techniques (Part-time MBA, 33 participants) Business Strategy (Part-time MBA, 43 participants) Corporate Strategy (Full-time MBA, 34 participants) Corporate Strategy (part-time MBA, 35 participants) Dismantling Leadership (open course, 25 participants) Entrepreneurship & Agile Working Methods (part-time MBA, 37 participants) Entrepreneurial Challenges (Full-time M.Sc., 26 participants) Growth Management (Full-time M.Sc., 30 participants) Business Strategy (Full-time MBA, 74 participants) Growth Management (Full-time MBA, 14 participants) Integrated Case Study (Full-time M.Sc., 63 participants) Integrated Case Study (part-time M.Sc., 64 participants) Problem Solving & Communication (Full-time M.Sc., 70 participants) Problem Solving & Communication (part-time M.Sc., 32 participants) Quantitative Managerial Techniques (Full-time MBA, 11 participants)

18 CHAIR REPORT SUMMER UPDATE 2022 International Teaching Outreach July 2022: International Study Trip – Excusion to Poland In July 2022, students from vari- ous HHL programs visited the WSH University of Business in Wroclaw, Poland. During an intensive weekend in Wroclaw, students were exposed to a blend of managerial and cul- tural insights. In addition to lectures by Prof. Dr. Alexander Lahmann and JProf. Dr. Dominik Kanbach, the stu- dents worked on a case study ana- lyzing the regional entrepreneurial ecosystem in Poland to get a better understanding of the specific per- spectives in the region. Moreover, guest speakers provided insights into the vibrant region of Central and Eastern Europe, espe- cially of the flourishing Polish start- up scene. For instance, Dr. Bartosz Gonczarek (co-founder of Explain Everything) elaborated on the specif- ics of starting a business in a grow- ing economy. He also highlighted the impact of cultural differences on start-ups and presented key takea- ways for future entrepreneurs. A city tour and evening events brought in some “Polish flavor” and successfully added to an exciting weekend for the HHL students. Once again EQUIQO, founded by HHL Alumnus Artur Tomys (M8) hosted the group at his company’s facility providing interesting insights into the tech scene in Wroclaw and Poland in general. Kolja Czudnochowski (HHL Alumnus & Tech Adivsor at EQUIQO) discussed about the specifics of tech- nology entrepreneurship in Wroclaw. Thereby, Artur, Kolja and the entire team from EQUIQO demonstrated once again great HHL spirit. JProf. Dr. Dominik Kanbach at EQUIQO June 2022: Lean-PhD: HHL Workshop at ISPIM Junior Researcher Lab, Copenhagen, Denmark and best practices were exchanged between the participants, so that in the end everyone was well equipped to increase the efficiency and impact of their research and to master the PhD challenge and the doctoral pro- gram of HHL was promoted. During the XXXIII ISPIM Innovation Conference in Copenhagen in June 2022, the “Researcher lab” for young junior researchers took place. Fol- lowing the motto “by PhD students for PhD students”, external doctoral candidate Lysander Weiß from the Strategic Entrepreneurship Research Group offered a “LEAN-PhD”" work- shop. Based on an developed format by JProf. Dr. Dominik Kanbach and his own experiences, he discussed with about 20 young scientists how principles from the start-up world and especially the “Lean – Startup” approach can be applied to research projects. Once again, it became clear how many parallels there are between the two worlds. For exam- ple, doctoral candidates can “proto- type” a paper, get “user-feedback” from scientists and practitioners, or use a “Lean Canvas” to plan their project. In the discussion, further tips

CHAIR REPORT SUMMER UPDATE 2022 19 May 2022: Strategic Management, WSH University Wroclaw, Poland On a weekend in May JProf. Dr. Kanbach was glad to be back on the campus at the University of Business in Wroclaw, Poland, an HHL Leipzig Graduate School of Management partner university and to teach a course in Strategic Management. He had intense discussions about Strategic Management with a fantastic group of International MBA students. JProf. Dr. Dominik Kanbach and students from WSH University Wroclaw February 2022: Research, Teaching and Transfer in Hyderabad chambers of commerce, academia, industry, and other industry asso- ciations in establishing collabora- tions of various projects of Institutes/ Organizations, providing provision to meritorious students and scholars to come up with innovative output in Entrepreneurship and Business Development. Research: Our International Doc- toral Consortium hosted by Woxsen University together with HHL Leipzig Graduate School of Management and Johannesburg Business School (JBS) with more than 200 participants from 97 institutions in 14 countries. The conference provides a global platform to leading academics and practioners alike to interact, share, enhance their knowledge and pre- sent curret research ideas, research proposals, research papers and case studies. The best paper award in Strategy & Entrepreneurship going to my out- standing PhD candidate Lysander Weiss! Teaching: 150+ highly motivated MBA students in my course “Digital Busi- ness Models” discussing intensely the future of (platform) business models around the world and a giving a semi- nar in Qualitative Research Methods for PhD scholars. Joint Centre of Excellence (COE) for Entrepreneurship & Business Devel- opment by Woxsen University in part- nership with HHL Leipzig Graduate School of Management. In line with high-quality research in academia in conjunction with the corporate houses, Woxsen University, Telan- gana, has launched a fi rst-of-its-kind International Centre of Excellence in collaboration with its partner univer- sity, HHL Leipzig Graduate School of Management, Germany, in the area of Entrepreneurship and Business Development. At HHL Leipzig Graduate School of Management the initiative will be driven by our Strategic Entrepreneur- ship Research Group. Besides con- ducting Research and Development in related fi elds, both the institutions shall foster relations across coun- tries, between governments, workers, International Teaching Assignments at Partner Institutions February 2022: Digital Business Models, Hyderabad, India, by JProf. Dr. Dominik Kanbach May 2022: Strategic Management, WSH University of Business, Wroclaw, Poland, by JProf. Dr. Dominik Kanbach July 2022: Strategic Management, University of Mannheim, Mannheim, Germany, by JProf. Dr. Dominik Kanbach August 2022: Business Strategy, Woxsen University, Hyderabad, India, by JProf. Dr. Dominik Kanbach October 2022: Complexity Management, ESCP Europe, Berlin, by JProf. Dr. Dominik Kanbach JProf. Dr. Dominik Kanbach at Woxsen University, Hyderabad, India Transfer: Setting up the “Centre of Excellence for Entrepreneurship and Business Development” at Woxsen University in collaboration with HHL to bring our startup incubation pro- grams HHL DIGITAL SPACE – The Digital Transformation Platform and Trade Tower – Incubation, Innova- tion, Acceleration closer together and strengthening the ties with our Strategic Entrepreneurship Research Group.

20 CHAIR REPORT SUMMER UPDATE 2022 Innovative Teaching Format HPI x HHL Future Builder Collaboration of entrepreneurial ecosystems: Important milestone of our HPI x HHL Future Builder – our interdisciplinary entrepreneurship challenge bringing together the eco- systems of Hasso Plattner Institute, HPI School of Entrepreneurship, HHL Leipzig Graduate School of Manage- ment and HHL DIGITAL SPACE – The Digital Transformation Platform. On May 5 it was the half time at the HPI x HHL Future Builder project. HPI students from Potsdam and HHL stu- dents came together at HHL DIGITAL SPACE in Leipzig to pitch their ideas for a better tomorrow in front of an expert jury. Over the past 1.5 months, the interdisciplinary teams worked hard on the problem and market analysis for their respective challenge and presented their results in a pitch contest to the jury. moved on to an evening event and enjoyed dinner at Oskar in Leipzig. Dr. Frank Pawlitschek from the Hasso Plattner Institute, Prof. Dr. Stephan Stubner, JProf. Dr. Dominik K. Kan- bach, Prof. Dr. Alexander Lahmann from the HHL Leipzig Graduate School of Management Leipzig and Sophia Kuhl, Managing Director of HHL DIGITAL SPACE were part of the jury and provided valuable feedback. All 9 challenges address at least one of the 17 UN Sustainable Develop- ment Goals and were supported by our great partners SAP, ZF Group and LF Gruppe. The day also pro- vided plenty of time for exchanging and networking during a completely vegan lunch and a coffee break at the HHL. After the pitches, the group At the end of June, the final “Launch Day” took place at HPI in Potsdam which welcomed the HHL team, all students and several guests. The students pitched in five minutes their idea and presented their first product. This format is equal to the “Market Day” but demonstrating the impactful process of the last weeks. This day showed how much the stu- dents have received during the last weeks and we enjoyed seeing the great results of this interdisciplinary project. In the evening, alumnus of HHL and HPI as well as the Future Builder participants merged and had a beneficial exchange on the rooftop of HPI seeing the sunset.

CHAIR REPORT SUMMER UPDATE 2022 21 Student Consulting Projects Since the beginning, Porsche AG and the Chair have worked together on a variety of projects in research, teaching and transfer. HHL students and academics have enjoyed numerous field trips and visits to Porsche AG facilities in Stuttgart and Leipzig. HHL welcomed many Porsche members in its study programs and at various HHL events. One important part is the collaboration through “field projects”. These are student consulting projects supervised by the Chair. Students run these projects independently receiving coaching from the Chair. Student consulting project “Sustainability meets Digital Business” in collaboration with Porsche AG Stuttgart This year eight students from HHL joined forces to participate in “Sustainability meets Digital Business” student consulting project with Porsche, with Prof. Dr. Stephan Stubner and Nino Tomini from the Porsche AG Chair of Strategic Management and Digital Entrepreneurship as supervising chair. With the increasing importance of sustainability for Porsche across the value chain, the students were supposed to analyze different decarbonization programs in Europe and the United States to derive strategic implications and potential use cases for Porsche. Therefore, the students conducted an in-depth market analysis of decarbonization best practices as well as implications for the automotive industry. The students held their final presentation in June 2022 in the Porsche plant in Leipzig. All in all, the diverse and intercultural team applied different methodological approaches to manage and coordinate a complex project at the intersection of strategy, business model innovation and sustainability. Over the project the collaboration between Porsche and the students can be described as constructive and fruitful. This consulting project is just one example, that underlines the intensive and longstanding strategic partnership between Porsche AG and the HHL Graduate School of Management. Porsche Partner Nicole Jacenko Manager Procurement Smart Mobility and Data Driven Business Models; Porsche AG Martin Meinzer Procurement and Partner Management Mobility Services and Data Driven Products, Porsche AG 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 Consulting GmbH and Member of t he Board of Trustees at HHL Kontanze 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 AG Lars Krämer Innovation Manager at Porsche AG Elke Lücke Head of HR Development and Talent Strategy at Porsche AG Nicole Jacenko Manager Procurement Smart Mobility and Data Driven Business Models Martin Meinzer Procurement and Partner Management Mobility Services and Data Driven Products

22 CHAIR REPORT SUMMER UPDATE 2022 Guest Speakers Our great network allows us to invite professional guest speakers. This exchange offers us the chance to learn from each other by integrating different perspectives. We warmly thank all our guest speakers and appreciate their input. Nora Legittimo Chief Digital Officer, Schöck Bauteile GmbH Johannes Golüke Senior Project Manager | Healthcare, Roland Berger GmbH Daniel Zängerle Senior Consultant, Roland Berger GmbH Dr. Niklaus Leemann Strategy Advisor, Leemann GmbH Peter Krysta Vice President, Stern Stewart & Co. Raphael Asamer Senior Associate, Stern Stewart & Co. Moritz Poprawe Associate, Stern Stewart & Co. Alexander Kout Manager/Project Lead, Stern Stewart & Co. Oliver Gernsheimer Head of Portfolio & Market Intelligence, Global Marketing Seeds & Traits, BASF Konstantin Kugler Director Digital Strategy, OMMAX GmbH Sophia Kuhl Managing Director, HHL DIGITAL SPACE – The HHL Digital Transformation Platform

CHAIR REPORT SUMMER UPDATE 2022 23 Transfer Transfer activities play an important role at the Porsche AG Chair. The exchange with corporate managers, entrepreneurs and investors enables a direct transfer from research results into practice. Thought-Leadership on Metaverse Technology In October 2021 Facebook was renamed to Meta, announcing a new era of social interaction, enabled by the metaverse technology that appears to become the future center of gravity for online social interac- tions. With a forerunner study, the Strategic Entrepreneurship Research Group explored if the recent move can be characterized as a radical business model innovation or rather as an incremental transformation. The paper was developed in an inter- national collaboration with Prof. Dr. Sascha Kraus from Free University of Bozen-Bolzano an co-authored by JProf. Dr. Dominik Kanbach, Peter Krysta, Maurice Steinhoff and Nino Tomini. Since the metaverse technol- ogy gains traction across industries and Meta’s development is of high and recent interest, Maurice Stein- hoff and Nino Tomini were invited in February 2022 to present and discuss the study’s implications together with technology and innovation experts at Volkswagen AG. The insightful and fruitful discussion revealed the neces- sity to put a stronger research into the metaverse from a technology but equally important from a business model innovation perspective. The metaverse is claimed to be the suc- cessor of the mobile internet and that is why companies and industries need to work strategically on that topic to generate a new customer experience in the metaverse and to reimagine their current business model. Visit at RabbitCare in Bangkok The HHL network connects and whenever the opportunity arises, people meet. This was also the situation in June. JProf. Dr. Dominik Kanbach visited Rabbit Care in Bangkok, founded and led by several HHL alumni: Johannes von Rohr (K20, President), Michael Steibl (MSc7, CEO), André Pren- zlow (MSc7, CTO) and Thomas Maier (MSc7, CMO). Rabbit Care is a phenomenal entre- preneurial success story from HHL alumni and is now Thailand’s lead- ing online marketplace for insurance and financial products. The company exceeds its customers’ expectations through its digital platform and effi- cient customer care center and aims to become a dominant player in the entire region. Thomas Maier (MSc7), Michael Steibl (MSc7), JProf. Dr. Dominik Kanbach and André Prenzlow (MSc7)

24 CHAIR REPORT SUMMER UPDATE 2022 Visit from Woxsen University in Hyderabad India As HHL Leipzig Graduate School of Management is a university that brings students from all over the world together, it is equally impor- tant to connect research and innova- tion across borders. Under the vision of strengthening the entrepreneurial ties between India and Germany a Center of Excellence for Entrepre- neurship and Business Development was established at Woxsen University in Hyderabad in India in collabora- tion with the Strategic Entrepreneur- ship Research Group and DIGITAL SPACE – The HHL Digital Transforma- tion Platform. The CoE was estab- lished, to provide an innovative and outstanding platform for interna- tional projects, joined research and common entrepreneurship activi- ties. After first common activities, we welcomed two visitors from Woxsen University at HHL. Professor Kashyap Kompella, Head of Startup Incuba- tion & Strategic Innovation, who joined the launch day at DIGITAL SPACE and Chahat Mishra, Head of International Relations and Strategic Development, who visited the HHL campus in June. During his stay, he met our Dean Prof. Dr. Stephan Stub- ner, took a campus tour, and visited the DIGITAL SPACE – The HHL Digi- tal Transformation Platform to chat about start-up landscape in India and Germany with our MSc students. We are looking forward to continuing our partnership through joint academic projects and exchanging students from 2023 onwards. Female Founders Initiative Prof. Dr. Stephan Stubner, Chahat Mishra and JProf. Dr. Dominik Kanbach cie worked with the women on their specific industry trends and market trends. Furthermore, the ladies got teached how to discover and iden- tify main competitors and distinguish their business including its values from the players in the market. The hybrid format allowed the partici- pants to exchange beneficially. This day showed the power of interdisci- plinary learning and, of course, the power of the female participants. Gender equality and female empow- erment gain more and more interest and attention in our Western soci- ety. An increasing number of initita- tives aim to empower women as the Female Founders Inititiative does. Women coach, mentor and teach other women so that they can learn from each other to realize their big goal: founding a business. This ini- tiative supports females who want to build their own business. Over a timespan of 6 months, the future female founders visit workshops with different foci e.g., personal develop- ment, business model, marketing, … In a condensend format, the ladies learn the most important aspects of each topic. This year the organizers of the Female Founders Initiative decided to add another workshop to the pro- gram, respectively trend- and market analysis. Francie Lange, Research Associate at the Chair, got the offer to be a speaker and lead the work- shop for trend- and market analy- sis. Having a strong passion for this topic, she appreaciated this opportu- nity. On the 28th of June 2022, Fran-

CHAIR REPORT SUMMER UPDATE 2022 25 Conferences and Presentations In 2021 and 2022, despite the pandemic situation, we actely participated in the international research community by discussions and presentations at leading international academic conferences and workshops – partly online and partly in-person. North America Europe Toronto, Canada Strategic Management Society 41st Annual Conference Montreal, Canada European Academy of Management (EURAM) 2021 Annual Conference Seattle, USA 82nd Academy of Management (AOM) Annual Meeting Boston, USA Frontiers in Service 2022 Orlando, Florida, USA International Academy of business & Economics (IABE) Spring Conference 2021 Copenhagen, Denmark ISPIM Innovation Conference 2022 Valencia, Spain The 17th International Research Symposium on Service Excellence in Management (QUIS17) Sevilla, Spain 16th Academy of Innovation, Entrepreneurship, and Knowledge Conference (ACIEK) Trieste, Italy 29th CEEMAN Annual Conference Gothenburg, Sweden 22nd Continuous Innovation Network (CINet) Conference Asia Moscow, Russia INIP Research Seminar Hyderabad, India WOXSEN University Global Partners Meet “Finding the balance between experience and AI in CXO’s decision making” Bangkok, Thailand SCG Bangkok Business Challenge@Sasin Shenzhen, China International Conference on Sustainable Technology and Development Dubai, UAE International Conference on Business Management and Social Innovation (ICBMSI) Bangkok, Thailand 26th Asia-Pacific Conference on Global Business, Economics

26 CHAIR REPORT SUMMER UPDATE 2022 2022 _ Political Behavior In Service _ Driving Business Model Innovation Through Firm-Internal Antecedents: An Automotive Manufacturing Perspective, 16th Academy of Innovation, Entrepreneurship, and Knowledge Conference (ACIEK), June 28–30, Seville, Spain (with B. Seiferlein & C. Lehmann) Innovation: Empirical Examinations And Recommendations On Resource Allocation, The 17th International Research Symposium on Service Excellence in Management (QUIS17), January 12–14, Valencia, Spain (with J. Hofmeister) _ Strategic corporate venturing in interlinked-ambidextrous units: A processual model, ISPIM Innovation Conference 2022, June 5–8, Copenhagen, Denmark (with L. Weiss) _ Combining strategies of service productivity and new service development: A multiple case study in financial services, Frontiers in Service 2022, June 24–26, Boston, USA (with J. Hofmeister & M. Schneider) Malte Schneider and Johannes Hofmeister at the 30th Frontiers in Service Conference in Boston

CHAIR REPORT SUMMER UPDATE 2022 27 2021 _ Corporate venturing units for strategic renewal: Emerging types and characteristics, ISPIM Connects Valencia 2021, November 29– December 1, Valencia, Spain (with L. Weiss) _ Best-practices on innovation and sustainable technologies: Creating hydrogen regions in Germany, ISPIM Connects Valencia 2021, November 29–December 1, Valencia, Spain (with C. T. C. Trapp) _ Implementing Service Innovation Effectively: The Interplay of Organizational and Individual Factors, ISPIM Connects Valencia 2021, November 29– December 1, Valencia, Spain (with M. Schneider & J. Hofmeister) _ BMI through Open Innovation: Insights from Europe’s Largest Innovation Platform, ISPIM Connects Valencia 2021, November 29–December 1, Valencia, Spain (with B. Seiferlein). _ 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) _ Unravelling the Innovation- 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) Dr. Dominik K. Kanbach with J. Hofmeister & M. Schneider) _ Entrepreneurial bricolage: Three _ Measuring the Success of Corporate 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) 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) _ Human-related Capabilities in Big 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) _ Entrepreneurial experience _ Strategic Renewal Through _ The Importance of Artificial and resource assessment, ISPIM Connects Valencia 2021, November 29–December 1, Valencia, Spain (with M. Steinhoff & F. Lange). _ Innovation of private equity business models and value creation approach, ISPIM Connects Valencia 2021, November 29–December 1, Valencia, Spain (with P. Krysta & J. Jauch). 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) 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, Domnik K. Kanbach)

28 CHAIR REPORT SUMMER UPDATE 2022 June 2022: Research presentation at the 16th Academy of Innovation, Entrepreneurship, and Knowledge Conference in Sevilla June 2022: Paper presentation at the XXXIII ISPIM Innovation Conference in Copenhagen Under the theme “Greening, Digitiz- ing and Redefining Aims in an Uncer- tain and Finite World“, the Academy of Innovation, Entrepreneurship, and Knowledge (ACIEK) invited to its 16th conference, this time hosted at the University of Seville, Spain, in June 2022. At the conference, Benedict Seifer- lein, PhD Candidate at HHL and Man- ager at MHP – A Porsche Company, presented original empirical insights of a joined research project with JProf. Dr. Dominik K. Kanbach, Leader of HHL’s Strategic Entrepreneurship Research Group, and Prof. Dr. Claudia This year the Porsche AG Chair was again represented at the ISPIM Inno- vation Conference, which took place in Copenhagen from June 5–8, 2022. After receiving positive feedback from the double peer review pro- cess, external PhD student Lysander Weiss was able to present his current paper “Strategic corporate venturing in interlinked-ambidextrous units: a processual model” to what he claims is the world's largest community of innovation scholars and practitioners. Together with Jun.-Prof. Dr. Dominik Kanbach as co-author, he examines the process activities and support- ing organizational elements in the development of “organizationally consistent” new business for estab- lished companies. This means: With the development of new business, new competitive advantages are generated there, or the competitive positioning of the parent company is changed. 32 interviews and sources Lehmann, Chairholder of HHL’s LF Group Chair of Digital Innovation in Service Industries, in front of leading innovation scholars. In their presenta- tion, Benedict Seiferlein elaborated on behalf of all authors in-depth on the driving factors for business model innovation and outlined preliminary results which significantly extend the scale of previous research and are highly relevant from a managerial point of view. from 16 innovation and venturing units of companies such as Lufthansa Innovation Hub, Henkeldx or Körber digital serve as the data basis for the qualitative analysis. After intensive days including a gala dinner at the City Hall of Copen- hagen, the paper was finalized in order to submit it for publication with the feedback from the competition – we keep our fingers crossed! Lysander Weiß June 2022: Research presentation at the 30th Frontiers in Service Conference 2022 in Boston The Frontiers in Service Conference, one of the best conferences in ser- vice research, brings together leading academics and well-known indus- try experts within a cross-functional environment covering a diverse set of service-related research. At this year’s conference which was hosted by the Babson College in Boston from June 24th to June 26th, Johannes Hofmeister, Malte Schneider and Dominik Kanbach from the Chair of Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Digital Entrepreneurship presented their research titled “Combining strate- gies for high service productivity with successful service innovation” elaborating on the interplay between service innovation configurations and productivity emphases.

January 2022: QUIS Conference in Valencia, Spain CHAIR REPORT SUMMER UPDATE 2022 29 Since 1988, the QUIS symposium brings together the best interdiscipli- nary academic research and manage- ment practices in a forum to advance the study of service management, service dominant logic, service lead- ership, customer experience, technol- ogy and innovations in service. At QUIS, Johannes Hofmeister and JProf. Dr. Dominik Kanbach presented their conference paper titled “Politi- cal Behavior in Service Innovation: Empirical Examinations and Recom- mendations on Resource Allocation” where the authors shed light on how political behavior influences new ser- vice development to provide added insights for research and practice within the service innovation field. Johannes Hofmeister (left) at QUIS Conference in Valencia ISPIM Connects Valencia Conference December 2021 With six paper presentations, the Strategic Entrepreneurship Research Group from HHL was the largest research group at the ISPIM Conference in Valencia last December. After a long tme, finally an in-person conference again with a lot of socializing, networking and discussing some of our current research projects with Europe’s leading Innovation Management Community. Lysander Weiss, Dominik K. Kanbach: Corporate venturing units for strategic renewal: Emerging types and characteristics Caledonia T. C. Trapp, Dominik K. Kanbach: Best-practices on innovation and sustainable technologies: Creating hydrogen regions in Germany Malte Schneider, Johannes Hofmeister, Dominik K. Kanbach: Implementing Service Innovation Effectively: The Interplay of Organizational and Individual Factors Benedict Seiferlein, Dominik K. Kanbach: BMI through Open Innovation: Insights from Europe’s Largest Innovation Platform Maurice Steinhoff, Francie Lange, Dominik K. Kanbach: Entrepreneurial experience and resource assessment Peter Krysta, Janina Jauch, Dominik K. Kanbach: Innovation of private equity business models and value creation approach Members of the Strategic Entrepreneurship Research Group in Valencia

30 CHAIR REPORT SUMMER UPDATE 2022 Further Research Group Activities June 2022: Research Discussions in Bangkok May 2022: Doctoral Days in Leipzig Connecting the research output with practice is a key activity in the Strategic Entrepreneurship Research Group. Therefore, JProf. Dr. Dominik Kanbach met with HHL alumni Jonathan D. Cordero (MSc5; Head of Corporate Development at Eurasian Resources Group) and Michael Steibl (MSc7; CEO of Rabbit Care) in Bangkok to discuss the implications of the latest studies in the field of corporate entrepreneurship and metaverse technology. In May this year the Strategic Entrepreneurship Research Group hosted the Doctoral Days Summer 2022 with more than 30 doctoral candidates around the world in a hybrid setting. We used these days to discuss our current and upcoming research studies and celebrated many publications in top-ranked journals. The discussion and reflection of current research projects foster the dissemination of knowledge and experience of our doctoral students. After an intense academic discussion Michael Steibl (MSc7), JProf. Dr. Dominik Kan- bach and Jonathan D. Cordero (Msc5) and inspiration, we celebrated the end of the doctoral days in the historic Bayerischer Bahnhof in Leipzig. Strategic Entrepreneurship Research Group in May 2022 in Leipzig

May 2022: Coopetition Research: Discussions in Raleigh, North Carolina November 2021: Stuttgart Chapter Meeting CHAIR REPORT SUMMER UPDATE 2022 31 With Oliver Gernsheimer, Head of Portfolio & Market Intelligence, Global Marketing Seeds & Traits at BASF Corporation and external doc- toral candidate at HHL, the Strategic Entrepreneurship Research Group is also represented in the famous Research Triangle in North Carolina. In May 2022, JProf. Dr. Dominik Kan- bach visited Oliver Gernsheimer for intense research discussions on the ongoing projects in the field of coopetition research. Based on this workshops a journal publication and a teaching case study is expected for later this year. JProf. Dr. Dominik Kanbach and Oliver Gernsheimer Regular exchange of ideas, in-depth collaborations among scholars, and vivid academic discussions are key principles of HHL’s Strategic Entrepreneurship Research Group. Therefore, the Stuttgart-based members of the group met with Jun.-Prof. Dr. Dominik Kanbach in-person in November 2021 for one-on-one alignments on joined research projects, preparations for upcoming academic conferences, and sharing first-hand experiences on recent strategic entrepreneurship developments in Baden- Wuerttemberg. In line with these objectives, the Stuttgart chapter also gained exclusive insights into the newly established smart finance accelerator fintogehter through an on-site tour led by HHL alumnus Dr. Philipp Veit. Finally, the group continued its tradition of exploring research synergies and strengthening personal ties over dinner. Strategic Entrepreneurship Research Group in September 2021

CHAIR REPORT SUMMER UPDATE 2022 33 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 2021 and 2022, the Chair supervised 75 master theses, 38 as first and 37 as second reviewer. Many junior researchers derive interesting and valuable insights and contribute to research and practice. Some notable contributions are: _ Hinrichs, Janna: Social Capital and Co-Creation: A systematic literature review to explore their linkages _ Unmuth, Lisa-Marie: Promoting and Inhibiting Factors in the Develop- ment and Establishment of Educa- tion Technologies in Germany _ Mao, Yin Shan: How to discover trends? – Drafting the status quo of strategic market analysis research in Cloud Computing Market In 2022 _ Britto, Christable: Bricolage in _ Gerken, Tobias: Success Factors entrepreneurship: A systematic lit- erature review on its current trends _ Schröder, Fabian: Corporate Ven- ture Capital in Germany – an assess- ment of the Covid-19 pandemic as an anticyclical crisis _ Merl, Marc: Gigacorns as renewed startup models – An exploration of the entrepreneurial potential. Research Question: What are Giga- corns and are they viable business models to combat climate chage? _ Fuchs, Patrick: Reliable detection of narcissism in research on narcis- sism in entrepreneurship _ Vergin, Lucas: Empowering corpo- rate agility through holistic man- agement systems – Development of a framework for agile management systems _ Schmidt, Alexander: A Study on the Management Structure within Smart City Ecosystems and the Role of City Governments _ Mais, Björn: Towards Guiding Principles for Performing Venture Clients for Founding Team Compositions in Startups – A Systematic Literature Review _ Meneguz, Massimiliano: Single-site case study on Corporate Entre- prenuership activities of Deutsche Telekom AG _ Günzel, Nils: Challenges of digtal transformation in SMEs: A system- atic Literature Review _ Ly Nguyen Ha, Giang Ly: A Study on the Management Structure within Smart City Ecosystems and the Role of City Governments _ Vu Dao, Van Anh: The Role of Nar- cissism in Entrepreneurship – The Impact of the Leadership's trait in Start Ups – Germany vs. Vietnam _ Wang, Jie: Impacts of Covid-19 pandemic on SMEs in Germany in the logistics sector – The area of digitalization _ Ali, Syed Fraz: What influence does digital transformation has on the change-oriented practices of the managers

34 CHAIR REPORT SUMMER UPDATE 2022 People Team Christina Otto Chair Manager Work experience: in various companies specializing in personnel consultancy and high-end hotel business as project and sales manager Christina Otto is the administrative manager at the Chair. She supports the Chair in a variety of administrative and organizational tasks, for instance the management of chair events as well as the preparation of lectures. Ms Otto is also the key contact for students. After finishing her commercial apprenticeship, she gained several years of work experience in various companies specializing in personnel consultancy and high-end hotel business as project and sales manager. Prof. Dr. Stephan Stubner Dean of HHL and Chairholder JProf. Dr. Dominik K. Kanbach Research Lead Prof. Dr. Stephan Stubner is the Chairholder of the Dr. Ing. h.c. F. Porsche AG Chair of Strategic Management and Family Business at HHL. Prior to that, he worked as an Assistant Professor for Strategic Management & Organization at HHL. As Academic Director he has successfully established HHL’s Entrepreneurship Program. Prof. Dr. Stubner is an active contributor in the HHL-Roland Berger Center for Strategy and Scenario Planning and in HHL Executive Education programs. Before his academic career he gained extensive experience in consulting when working for The Boston Consulting Group. He also co-founded two online companies and supported many other start- ups as mentor, coach and investor. In addition to that, Prof. Dr. Stubner has a broad teaching experience at top national and international universities such as WU Vienna, ENPC Paris, and IMD Lausanne. In July 2017, Prof. Dr. Stubner was appointed as the Dean of HHL Graduate School of Management. JProf. Dr. Dominik Kanbach holds the Junior Professorship in Strategic Entrepreneurship and leads together with Prof. Dr. Stephan Stubner the Research Group Strategic Entrepreneurship. He also is the Academic Lead of HHL DIGITAL SPACE – The HHL Digital Transformation Platform. Prior to joining HHL he worked as a strategy consultant for six years and in his latest position, he was a project manager in the Munich office of Stern Stewart & Co. He also spent three years in different positions at the chemical company BASF in Argentina and Germany. JProf. Dr. Dominik Kanbach holds a B.Sc. in International Business as well as a M.Sc. in Management. He received his doctoral degree in Strategic Management and Corporate Entrepreneurship from HHL in 2016. He is also lecturer at top universities and business schools around the world including France, India, Poland and Russia. His research activities cover the fields of strategy, entrepreneurship, and innovation.

CHAIR REPORT SUMMER UPDATE 2022 35 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.

36 CHAIR REPORT SUMMER UPDATE 2022 External Doctoral Candidates Jerome Antonio is an external doctoral candidate at the Chair. He is a working student in Business Development at a Munich-based electronics company and previously interned in management consulting. Mr. Antonio completed his Master in International Business at Munich Business School and studied abroad at the University of California Berkeley at the Haas School of Business. His dissertation project focuses on business models through the lens of the theory of disruptive innovation. Frank Balz is an external doctoral candidate at the Chair. Previous experiences in artificial intelligence, consulting and asset management firms have led him to co-found and build a digital real estate startup. Frank holds a M.Sc. in Finance from the University of Liechtenstein. The focal theme of his doctoral research is venture capital syndication with a strong focus on corporate sponsored venture capital. Georg Blüher is an internal doctoral candidate at HHL DIGITAL SPACE. He is working there as a startup consultant specialized on the EXIST scholarship – a federal funding program for early-stage startups. Georg studied Digital Management and Business Consulting in his Master as well as Business Informatics in his Bachelor. As a working student he worked for Deutsche Telekom and Sparkasse before. His investigation is about effects and options of funding opportunities for early-stage startups. Florian Brinkmann is an external doctoral candidate at the Chair. Currently, he is working in a sales role as a client executive at Microsoft. Prior to this position, Florian completed his master’s degree at the CBS International Business School in Cologne. During his studies, he worked in various sales roles for companies such as Salesforce and Cisco. His passion for the IT industry led to an enthusiasm for start-ups and their financing. In his research, he deals with factors that influence the performance of independent and corporate venture capitalists. Jerome Antonio Frank Balz Georg Blüher Florian Brinkmann

CHAIR REPORT SUMMER UPDATE 2022 37 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. Philipp Frey is an external doctoral candidate at the Chair. He holds an MBA from HHL and a LL.M. from the University of the West of England where he graduated top of his class. He is a lawyer and completed his legal studies at the Westfälische Wilhelms-Universität Münster and Kammergericht Berlin. Since 2020 Philipp is working in Strategy Consulting and is currently holding Engagement Manager at hy – The Axel Springer Consulting Group. His disser- tation project focuses on the design of Corporate Venture Capital vehicles. Carolin Gerlich is an external doctoral candidate at the Chair. She completed her B.A. as Dual Study Program at DHBW in Financial Services, followed by an M.Sc. in Business Psychology with a focus on Organizational Psychology. Since 2012 she has been working at Deutsche Bank AG. Her research focus at HHL is around Corporate Sustainability, where she integrates approaches from corporate entrepreneurship and sustainability. 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. Bastian Burger Philipp Frey Carolin Gerlich Oliver Gernsheimer Christian Glade

38 CHAIR REPORT SUMMER UPDATE 2022 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. Alexander Hoffmann is an external doctoral candidate at the Chair. He works as an Industry Manager & Data Strategy Lead for Google in Munich and completed his Master of Science at the WHU – Otto Beisheim School of Management in Vallendar. His research focuses on digital private equity – and more specifically on how buying existing (digital) companies can be a promising alternative career path for the entrepreneur. Johannes Hofmeister is an external doctoral candidate at the Chair. Mr. Hofmeister is currently engaged with Horváth in Munich where he serves as a managing consultant for insurance clients. He earned an M.Sc. in Finance from City University of London (formerly Cass) and a B.Sc. from Catholic University of Eichstaett-Ingolstadt. His current research interests lie at the intersection of strategic management, service innovation, and service productivity. Janina Jauch is an external doctoral candidate at the Chair. She completed her Master’s degree in International Art Management at CIAM Cologne. Mrs. Jauch gained several working experiences as a consultancy and innovation management, among other things at the Boston Consulting Group, the ProSiebenSat.1 Media SE. She is the co-founder of Lesido, a platform that connects families and digitizes storytime with far-away beloved ones while building data-based content for children. Her dissertation project focuses on the exploration of open innovation models at the interface of startups and companies. Philip Jorzik is an external doctoral candidate at the Chair. He completed his Master in Global Business Development at HS Kempten and graduated as best- in-class. Further, he received the science prize of the Gabler Foundation for his master thesis. After his bachelor in business administration at the DHBW Stuttgart, Mr. Jorzik worked as a project manager for strategic projects in the US. Currently, he works as a product manager at Roto Frank and is based near Stuttgart. His dissertation project focuses on the interplay between business model innovation and artificial intelligence. Nina Greimel Alexander Hoffmann Johannes Hofmeister Janina Jauch Philip Jorzik

CHAIR REPORT SUMMER UPDATE 2022 39 Philipp Korherr is an external doctoral candidate at the Chair. He works as a Management Consultant at Horváth Digital with the focus on digital transformation and analytical methods. Mr Korherr completed his Master in International Management at the Steinbeis University and studied abroad at the Faculdade de Industria – Campus Sao Jose dos Pinhais in Brazil. Hi dissertation deals with the application of Big Data Analytics in the decision- making process, in particular the shift from intuitive to analytics-based decision-making. 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 profes- sional 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 incubator in Leipzig. Previously she worked at Amazon Web Services as account manager with large B2B SaaS Startups in Berlin. She also holds several technical 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 Management, where she holds a M.A. degree from Berlin School of Economics and Law and a B.A. in Business Communication Management from HTW University 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. Philipp Korherr Alexander Kramer Peter Krysta Sophia Kuhl

40 CHAIR REPORT SUMMER UPDATE 2022 Katja Alexandra Mix is an external doctoral candidate at the Chair. She is working as a project coordinator at Mercedes-Benz with experiences in Research & Development as well as Legal & Integrity department. Mrs. Mix completed her MBA at Frankfurt School of Finance & Management with focus on Technology and Innovation. Futhermore, she holds a bachelor degree in business engineering. Her dissertation project focuses on technological innovation systems. Hong Linh Nguyen is an external doctoral candidate at the Chair. She completed her B.Sc. in Business Administration at University of Cologne with a semester abroad at University Loughborough and her M.Sc. in Accounting and Finance at Frankfurt University of Applied Science. Since 2020 she has been working as financial advisor for liquid investments at DWS Asset Management. Her research focus at HHL is the sustainability integration strategy in organizations. Anna Peters is an external PhD student at the chair. She has 14 years of professional experience as a project manager in various industries focusing on strategy and innovation. Ms Peters holds a Diploma in International Business Administration from the International School of Management in Dortmund and an MA from the University of Queensland focusing on marketing and business management in Brisbane in 2008. Her research evaluates innovation projects and their success factors along the development process. Julia S. Roppelt is an external doctoral candidate at the Chair. After having completed her dual bachelor’ s degree in International Management with Engineering in cooperation with Siemens Healthineers in 2017, she completed her Master’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, roadmap 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. Katja Mix Hong Linh Nguyen Anna Peters Julia Roppelt

CHAIR REPORT SUMMER UPDATE 2022 41 Franz Rumstadt is an external doctoral candidate at the Chair. He holds a M.Sc. in Strategic Marketing from Imperial College Business School in London with Distinction as well as a B.Sc. in Business Administration from the University of Mannheim. His studies included a term abroad at Warwick Business School, UK. 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. His research focuses CEO activism, i. e. the practice of top managers to publicly weigh in social, political or economic debates unrelated to their companies’ core-business. Malte Schneider is an external doctoral candidate at the Chair. Malte graduated from RWTH Aachen University with distinction earning a M.Sc. in Entrepreneurship, Innovation and Marketing. In 2018, he additionally spent a term abroad at IESÉG School of Management Paris in France. Prior, he completed his B.Sc. in Business Administration with a specialization in bank and insurance management. Currently, Malte works as at strategy consultant at KPMG focusing on the financial services industry. Additionally, he gained practical experience in family businesses, private equity, and the automotive industry (e. g., Porsche AG). His cumulative dissertation and research focus on the intersection of entrepreneurship and strategic management specifically on service innovation. Andreas Schuster is an external doctoral candidate at the Chair. He worked for Commerzbank and as a consultant for several consultancies, mainly in Financial Services (Banking, Asset Management and Insurance) and is currently engaged with Allianz Global Corporate & Specialty as an Organizational Design Expert. Mr. Schuster completed his MBA International Management at the ESB Business School Reutlingen and the University of the Federal Armed Forces. His dissertation deals with the strategic alignment of organizations and how structures influence relationships and behavior. Julia Schwäke is an external doctoral candidate at the Chair. After complet- ing her B.Sc. in International Management at EBS University and her Bachelor of Business Administration (Honours) at Brock University, Canada. She com- pleted her Master in Management at IE Business School in Madrid, Spain. After which she worked for Accenture in the area of Cloud Migration and Transfor- mation. In her current position, she works in Corporate Development and Digi- tal at Basalt AG (Werhahn Group). Her dissertation project is focused on “Digi- tal Transformation in SMEs”. Franz Rumstadt Malte Schneider Andreas Schuster Julia Schwäke

42 CHAIR REPORT SUMMER UPDATE 2022 Benedict Seiferlein Sebastian Szczepanski Caledonia Trapp Benedict Seiferlein is an external doctoral candidate at the Chair. He works as a Senior Consultant for the Porsche subsidiary MHP in strategic innovation projects in the connected vehicle and intelligent mobility space. Before joining HHL, Mr. Seiferlein completed his Master in Management at the Friedrich- Alexander-University Erlangen-Nuremberg and participated in exchange programs at Harvard, Stanford and the University of St. Gallen. His research focuses on enabling business model innovation, particularly in the automotive industry. Sebastian Szczepanski is an external doctoral candidate at the chair. Currently, he is working as Senior Manager Strategy & Business Development at ELG and focuses on the Superalloys & Titanium recycling division supporting the aero- space supply chain. He completed his master’s degree at HHL in 2021. Prior to this, he gained over 5 years of experience in the Controlling field at ELG and further at a subsidiary of China Baowu, where he completed his bachelor’s degree in a dual course of studies within the automotive industry. His disserta- tion project focuses on strategic decision-making processes. 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. Oliver Vastag is an external doctoral candidate at the Chair. He holds a M.Sc. in International Management and a B.Sc. in Economics and Business Administration, having studied in Germany (ESB Business School, University of Tübingen), Switzerland (University of St. Gallen) and the US (Northeastern University). Since 2017, Oliver works at Capgemini Invent. In his role as Manager, he is advising his public and private sector clients in strategizing and executing Digital Transformation agendas. Thus, his research in the area of strategic management focuses on the intersection of Digital Transformation, Dynamic Capabilities and the Chief Digital Officer phenomenon. Oliver Vastag

CHAIR REPORT SUMMER UPDATE 2022 43 Carolina von Ritter is an external doctoral candidate at the Chair. She earned a B.Sc. and M.Sc. in Engineering from Technical University Munich (TUM) including international research experience in Spain and the UK. During her studies, she gained professional experience in quality and technology management in the automotive industry. Since 2018, she has been working as a management consultant at the Boston Consulting Group (BCG). She currently focuses on client projects in the area of organisational design and corporate governance. Her research interest in entrepreneurship was initially sparked by practical experience in various start-ups from UnternehmerTUM’s entrepreneurship network. Her dissertation project at HHL focuses on entrepreneurship and entrepreneurial activities in monastic communities as atypical business environments with centuries-old entrepreneurial traditions. 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. Carolina von Ritter 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

44 CHAIR REPORT SUMMER UPDATE 2022 Doctoral Graduates Dr. Florentine Salmony December 2021 Personality Traits of Entrepreneurs: Integrating Insights from Entrepreneurship and Psychology Research Dr. Philipp Veit December 2021 Building Entrepreneurial Organizations: Studies on Corporate Accelerators, New Venture Boards and Sustainable Entrepreneurial Design Dr. Benjamin Bugl March 2022 Value Creation through corporate venture capital in the collaboration of start-ups and corporations Dr. Niklaus Leemann March 2022 Adaptation of Incumbent Firms to Changing Environments: a Dynamic Capability Perspective Disputation of Dr. Florentine Salmony Disputation of Dr. Philipp Veit JProf. Dr. Dominik Kanbach and Dr. Benjamin Bugl Dr. Niklaus Leemann, JProf. Dr. Dominik Kanbach and Prof. Dr. Stephan Stubner

CHAIR REPORT SUMMER UPDATE 2022 45 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 of 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 Programs, 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”

CHAIR REPORT 2021/2022 47 Unicorns among HHL alumni startups Entrepreneurship at HHL “ Looking back at my time at HHL – what helped the most are first of all the skill set I was able to acquire during the courses, the second thing is the network which is really strong and the third is the entrepreneurial mindset that is very present here at HHL. Irene Klemm, HHL alumna and founder of edtech startup Edurino Study Program _ Master in Management | Entrepreneurship (full-time) Courses _ Disruptive Technologies & Business Models _ Entrepreneurial Finance _ Corporate Entrepreneurship _ Business Plan Seminar _ Growing & Scaling Companies Chairs _ Strategic Management and Digital Entrepreneurship _ Strategic Entrepreneurship _ Innovation Management and Entrepreneurship _ Entrepreneurship and Technology Transfer _ Digital Innovation in Service Industries HHL Digital Space – The Digital Trans formation Platform 132 Founders coached 100 + Supporters, mentors, investors in the network 50 + Startup events per year SpinLab – The HHL Accelerator Top 3 Accelerator in Germany (Handelsblatt/RFH Köln) 28 Partner companies 111.4+ Million euros of funding received 750+ Jobs created 92 Prizes awarded 70+ Mentors supporting startups HHL Alumni Startups Events _ Startup Career Fair _ HHL Accelerate Conference _ HHL Spinlab Investors Day _ EY Public Value Award #1 Entrepreneurial University in Germany Startup Radar by Stifterverband 4 8 Unicorns among HHL alumni startups Professors teaching entrepreneurship 350+ Startups founded or co-founded by HHL alumni 40.000+ jobs created by HHL founders and co-founders 90 % Success rate … and many more Get into the HHL spirit: hhl.de/events