WARP Announcement - 1000 Euro prize!

WE is proud to announce a most welcome addition to the WARP student competition, thanks to the generous donations of our sponsors we can now offer a €1,000 prize to the winner! As before the winner and the two runners up who will be all selected by a jury composed of faculty members, under the supervision of our senior WE members, with the best works receiving promotion support in the form of publication. As always both the works themselves and the evaluation shall be done in accordance with the strictest moral academic standards.

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News From a BookSpace Project Team

BookSpace is a total student project: made by students for the students. The main idea of how people can develop a place to sell/buy books was generated by a student, the business and marketing plan was made by a student – fundamentally the whole model. Today, it is run by eager Webster academics, who buy books and resell those back to their fellow undergraduates.

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Webster Applied Research Program

The purpose of the said project is to promote interest in current affairs amongst the student body of Webster Vienna, and to encourage the application of the knowledge acquired to a real world situation. Inclusive in this will be the opportunity for positive PR for the university as well as a publication of the best student projects that can be used for further promotional activities.

The official start is on August 31st, week 2 of Fall 1

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Guest Speaker on Leadership

Always wondered how to lead effectively? Want to know how to keep employees engaged or motivated? Are you interested in knowing what it takes to be a good leader? If so, mark your calendars!

Webster University Vienna and Webster Entrepreneurs are proud to present guest lecturer Wolfgang Horak, who will focus on the topic of "Leadership during an economic crisis."

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Mag. Hendrik Homan - first WE Academic Advisor

We are happy to announce that well-known Austrian entrepreneur Hendrik Homan has agreed to become senior advisor of Webster Entrepreneurs. Mag. Homan finished his MBA degree in one of Europe's most prestigious graduate schools, INSEAD (France), and was previously known as a management consultant and university lecturer.

He was the managing partner of the Masters License Company Mail Boxes etc. (in Austria and Hungary) from 1999 to 2003, building up a network of over 22 business service centers in both countries before selling the company to MBE Germany in 2003.

Mag. Homan was the executive of AKG Acoustics Vienna from 1993 to 1997, who focus in research and development of microphones, headphones, etc.

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Harvard Business Review and Inc.

Dear Webster students,

Harvard Business Review is a periodical that has, over a number of years, been the platform chosen for the publication of groundbreaking ideas by some of the most influential thinkers and scholars in the fields related to business and management. Thinkers such as Michael Porter, Peter Drucker or C.K. Prahalad are only some of the many who contributed to this magnificent source of knowledge, and it was on the pages of the HBR that concepts such as "balanced scorecards", "core competencies" or "glass ceiling" were first discussed and gained prominence. Read more...

Meeting Austrian Minister for Science and Research

Webster Entrepreneurs meet Dr. Johannes Hahn - Austrian Minister for Science and Research

Webster Entrepreneurs team members were present at the meeting with Dr. Johannes Hahn, Austrian Minister for Science and Research. WE team members were particularly interested in EU funds subsidies for educational purposes, which would benefit Webster University Vienna. Dr. Hahn promised to send all the information about the funds, project requirements and procedures.

Spud Fast-Food Project

Webster Entrepreneurs management team (Navid Sigari-Majd and Dragan Sormaz) have run a test-phase for the fast-food brand called "SPUD." The project was supported by Student council volunteers (Patricia Roman, Natia Apkhadiza, Anna Krainova, Philip Niklisch, Nanu Sichiniva) and lasted three days.

Our team has developed a brand name called “SPUD” (slang word for potato). The main concept of the fast-food restaurant is to specialize in one single product, in this case a potato (to be precise: mashed potato).

The project was further supported though guerilla marketing: Different catch-phrases (such as "Spud me") were advertised throughout the entire Webster campus in a teaser-campaign for the new product, before finally unveiling it a couple days later.

In only 13 hours, our team sold over 55 kg of potatoes (or 120 pieces of "SPUD").

Book Space - Student-run online bookshop

Webster Entrepreneurs Team has started to work on a university project for the online bookshop. The team that is working on this project will face a real-life approach of how to:

• Develop a brand name
• How to market it
• How to work with supply chain
• Sales process
• Project management aspects

Find the bookshop on the following link: http://bookspace.webstersc.org

In this project our members will only focus on sustainable profits. The main goal is to offer cheaper university books to Webster students.

The team consists of following members

• Massoud Assali
• Dragan Sormaz
• Navid Sigari-Majd
• Ljupka Andonovska
• Sanja Trajkovska
• Tea Todorovic

Webster Entrepreneurs SMC Results

The official ending of the Stock Market Competition was on Thursday, May 8.

Here are the official results: The winner of the first WE Stock Market competition is Bojan Tegovski (under nickname "Bokice"). The second place was taken by Petar Genchev (under nickname "P_Genchev")

The award distribution:

1. Place – 120 EUR and the award signed by Mr. Christian Newman (Head of Business department) and Dr. Arthur Hirsh (Director of Webster University Vienna).
2. Place - 40 EUR

Thank you for your participation, the next competition is scheduled in Spring 1 with an expected award of up to 10 000$. (involving many US universities)

Webster Entrepreneurs Team

Market Research Project – WE The Winning Team

Webster Entrepreneurs Team (consisting of 2 WE members, Navid Sigari-Majd and Dragan Sormaz) and 2 Webster Students (Alina Metlitski, Michael Sickingen) have won a competition in a real-life project for the US-based payroll company Intercomp-MJP.

The assignment of the project was to:

• Analyze the Polish market such as country background, new business entrants, growth rate, special industry sectors, geographic and demographic analysis.
• Find 100 MNC customers, broken down by industry.
• Conduct a survey on how the customer get they payroll provided.
• Analyze Top 10 competitors of the country and do a profile of each competitor including SWOT analysis.
• Price Analysis of the structure of the payroll service.
• Entry strategy- to enter, or not, what are the risks, the prices etc.

The WE team was competing with 5 other teams and received a letter of recommendation from Dr. Donald Borbee (Webster University Professor) and Sheri Sullivan (SVP Chief Operating Officer of Intercomp MJP).

Stock Market Competition

The Stock Market Competition enables students to invest a virtual $10,000 on-line portfolio with real-time quotes (in the US Stock Market). Our main goal is to involve students in stock-market simulation. Participating in this competition provides students with the opportunity to gain and apply their knowledge in economic and financial concepts. Regardless of the number of participants, the minimum award for the winner at the end of the competition is 150 EUR
All the money raised from the sign-up goes to the award!
Note: no necessary financial and investing knowledge needed to participate
For more information Click Here >>>