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| NEWSLETTER OF THE INTERNATIONAL CONTROLLING COMMUNITY |
Monday, Jan. 23rd, 2017 |
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Hello,
world politics and economy remain unpredictable: Companies should develop an individual digitization strategy and keep costs in mind. Unexpected election results, economic and political crises, as well as the smoldering conflicts in the world, make it almost impossible for medium and long-term business planning. For this reason, companies should always be able to adapt flexibly to uncertainties. Besides there is also the fast-paced digitalization with its abrupt technology development. For companies without a suitable digital strategy, this can mean a fast turnaround. After all, the issue of digitalization has arrived into companies. 69 percent see now technological change as an opportunity, but only a quarter of them believe they are well prepared for it. The experts from Roland Berger and the International Association of Controllers (ICV) show in their new "Operations Efficiency Radar - the top leverage for the CFO Agenda 2017" the focus areas of top managers in this challenging environment for the year 2017 and where there is need to catch up.
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BRAND NEW ICV-Dream-Factory "Quarterly" (ENG)
ENG speaking Congress 2017 in Munich
ENG speaking Congress in Warzaw
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| International Controller Association |
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| REGISTER NOW: CONTROLLER AWARD |
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Urgent call: You can apply only by January 31! |
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By January 31, controllers and controller teams can apply with their solution for the prestigious Controller Award of the ICV. The award, endowed with EUR 5 000, will be presented for the 15th time at Europe's largest controlling event, the 42nd Congress of the Controllers (May 15/16, 2017 in Munich). The award winners will be selected by an international Jury headed by Prof. Dr. Dr. h.c. Jürgen Weber, WHU - Otto Beisheim School of Management, Institute for Management and Controlling (IMC), Chairman of the ICV Board of Trustees. An "exemplary controller work" is when the controller achieves a perceptible change. This change not only affects the controlling department itself, but makes the company more successful overall; The change has been developed internally by the controllers and thus innovative ways have been taken.
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| CIA CONTROLLING INTELLIGENCE ADVENTURE IN POLAND |
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Polish & English Congress: “Controlling, the source of right decisions” |
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For the 11th time the International Controller Congress in Poland takes place, for the second time in Warsaw, and again in English so that international guests could also visit the event. In the agenda are international and Polish experiences concerning modern budgeting and planning, professional trends in analysis and reporting, based on the latest and future expectations of decision-makers, presentations from ICV work groups in Poland, a panel discussion about advanced analytics as key controller skills in the coming years (analytical tools classification and effective implementation concepts) and for the first time ceremony of the Controller Award ICV Poland.
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| JOIN OUR CONTROLLER CONGRESS IN MUNICH! |
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Biggest professionals' meeting in Europe – translated into English |
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Developing innovative business models requires controlling more than ever. Controllers have the opportunity to act as a partner of the management. At the same time, completely new development opportunities and challenges for the controller profession are opened up by the digitally triggered transformation of the controlling instruments and methods. About these instruments and methods, about experiences and ideas will speak the speakers of the 42nd Controller Congress in Munich on May 15/16, 2017. Speeches in plenum on Monday and Tuesday morning are translated live into English. Cluster A (Monday afternoon) takes place in English and Cluster B (Monday afternoon) is simultaneously translated into English. Take part in this biggest controlling event in Europe and spread the news about open registration!
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| INTERNATIONAL WORK GROUP |
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Example for other work groups at the ICV |
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The "International Work Group" has been active in the International Association of Controllers (ICV) since 2015. The 16-people English-speaking team with members from 6 different European countries (2016) work together advising a host company every year. The success story of the new ICV work group proves that learning is fun, according to Dr. Herwig R. Friedag from Berlin. What drives the members and why it can be an example for other work groups at the ICV? -In an interview WG leader Dr. Herwig R. Friedag gives interesting insights.
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To the interview [German]
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| PWC’S PREDICTIONS FOR 2017 |
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Global economic themes to be crucial in 2017 |
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As we enter the New Year, PwC’s economists have once again peered into their crystal ball to make their predictions for 2017. They focused on some topics that will be important for the economy and business in 2017. Among them are globalization, US monetary policy or politics drives uncertainty and economics.
Looking back on 2016, many of PwC’s predictions held true. Commodity prices have remained low, the US raised interest rates and geopolitics has come under the spotlight. Specifically, the PwC experts correctly predicted that the peripheral Eurozone economies would outpace core growth at 2% compared to 1.5%. In 2016, the periphery is expected to have grown by 2.2% and the core by 1.4%. Then total unemployment in the Eurozone fell as predicted to below 17 million, its annual lowest levels since 2011. Preliminary data suggest unemployment is almost at 16 million. Last but not least PwC expected India to lead E7 growth at over 7.5%, while Chinese growth would slow to around 6.5% per annum.
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| NEW BOOK: RIDING THE TIGER |
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India as an opportunity and a challenge for businesses |
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Despite being very attractive to foreign firms, India is not an easy market to develop. India is already the seventh largest economy in the world and looks set to climb further up the global rankings. The International Monetary Fund (IMF) forecasts more than 7 percent annual growth for India's gross domestic product (GDP) through the end of the decade. With economic output thus set to total some 3.3 trillion dollars by 2020, the country will have the same level of GDP as Germany in 2015. This makes it an exciting potential market for foreign firms, especially those operating in the automotive sector, the chemical and pharmaceutical industry and the medical device business – but it is also a difficult territory to conquer with numerous obstacles to be overcome. Author Wilfried Aulbur, Managing Partner with Roland Berger in India, portrays the challenges and illustrates how they can be mastered in his new book, Riding the Tiger.
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| HIGH SCHOOL NEWS |
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International Master's Program in Data Analytics |
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In the winter semester 2016/17, students in Hildesheim began their studies in "Data Analytics" for the first time. It is the first fully English-language study program offered by the University of Hildesheim. Students complete a Master of Science degree. They have strong methodological competencies and develop analysis and prediction models. The degree is particularly important, writes the university, as the computer scientists enter the depths of "machine learning". The worldwide interest in studying in Hildesheim is enormous: over 170 applications were received by the university for the winter semester, already over 400 applications for the summer.
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| INNOVATIVE TECHNOLOGIES IN PRODUCTION |
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Successfully transferring Industrie 4.0 into reality |
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With their joint booth at SPS IPC Drives in Nuremberg (Germany), Europe's leading expert trade fair for electric automation, the Technology Initiative SmartFactory KL e.V. and the German Research Center for Artificial Intelligence (DFKI) presented a spectrum of their competences in the domain of Industrie 4.0 in November 2016. The exhibited demonstrators shoed how the transfer of the Industrie 4.0 paradigm into industrial applications can succeed. “In developing agile factory systems and human-machine-interaction, we see a great opportunity for the successful transfer of our Industrie 4.0 technologies into producing companies", said Prof. Dr.-Ing. Detlef Zühlke, Director of the DFKI Research Department for Innovative Factory Systems and Chairman of Technology-Initiative SmartFactory KL e.V. about the trade fair presentation. Three demonstrators were the booth highlight this year.
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| SAVE THE DATE! |
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Current topics and dates from the ICV |
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The schedule of topics and upcoming dates of controlling conferences and controller's meetings can be found online on the ICV website.
All upcoming ICV EVENTS
Scheduled ICV WORK GROUP MEETINGS
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Published by:
International Controller Association
Münchner Str. 8, D-82237 Wörthsee,
in cooperation with the Controller Akademie AG
and the Verlag für ControllingWissen AG.
Edited by:
Anna Wlodarczyk, ICV Poland, Poznan;
Responsible editor: Hans-Peter Sander, EastWestCom, Ammersee Denkerhaus - Coworking Space, Sonnenstr. 1, D-86911 Diessen/Ammersee
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