With some 3,700 students, more than 55 teaching staff, approximately 180 adjunct lecturers and over 40 scientific and technical/administrative staff, Faculty 3 is one of the well-established faculties of economics and law in the German university landscape. Upwards of 800 students begin their studies in 19 admission-restricted degree programs each year. The faculty offers excellent general, specialized and dual Bachelor’s and specific Master’s degree programs.
The faculty profile will continue to be scaled up in the coming years, established beyond the Rhine-Main region, and contribute to a positive image of the University as a whole. Our program development is based on transparent and uniform criteria. It incorporates social developments such as demographic change in addition to economic trends. The faculty has attained an outstanding level of technical sophistication in its dual-degree programs.
Sustainability in its three dimensions – environmental, social and economic – is embedded in many modules and integrated into faculty self-governance. In addition, professorships are being established that approach the topic of sustainability from the perspective of the three focal areas “Logistics and Mobility,” “Management and Leadership” and “Compliance and Conflict Resolution.” The faculty currently offers 11 undergraduate Bachelor’s and 8 Master’s degree programs, with a total of 42 Bachelor’s and 18 Master’s modules, in which the topic of sustainability is addressed either peripherally (29 Bachelor’s and 17 Master’s modules) or as a core topic (14 Bachelor’s modules and 1 Master’s module).
Sustainability Focal Points
- Role of air transport in the tradeoff between society, policy, economy and environment.
- Environmental policy aspects of flight production, aircraft approach procedure, landing, taxiing, positioning and handling processes.
- Development of visionary airspace structures; sustainable airline business models.
- Elaboration of airline development prospects, as well as the importance of strategic partnerships for sustainable mobility; comprehending strategic connections for corporate sustainability decisions.
- Relevance of sustainability in destination management.
- Importance of digitization and sustainability for the mobility industry, sustainability strategies/concepts for mobility services with particular focus on the tourism market.
- Operator forms, strategies, organizational structure and workflows
- Students are able to develop, market and gain an operative understanding of tour operator offerings – from product idea to market readiness. They are able to evaluate product potential based on customer and market analyses and to select profitable products.
- Expanded development of grammatical language functions for situations in daily work-related life with regard to the ethical focal point from the areas of environment, sustainability and social responsibility.
- Students learn to analyze current trends and developments in the business travel market and to apply their knowledge to companies and processes.
- Understanding the impacts of environmental policy measures; analysis of developmental economic questions and problems.
- Gauging sustainability and the need for reforming the German social security system against the backdrop of theories of market failure, changing values, social transformation and demographic challenges.
- Importance of economic, environmental and social sustainability, as well as sustainability criteria/ strategies. / Environment and development
- Market failure and the role of government (efficiency of competitive markets; externalities and public goods)
- Students are able to apply the core concepts of marketing and marketing management. They also are able to apply the core concepts of logistics and production, especially within the service and manufacturing industries.
- Trade and the environment
- In-depth understanding of global marketing and its opportunities and problems, of the implications of global environmental factors for business.
- Instruments of business ethics management, CSR, Business Ethics Standards
- Sustainability of investment strategies/sustainability in investment management/importance of capital for sustainable development/sustainability aspects: environmental, social, corporate governance
- Procurement, distribution and disposal logistics
- Controlling-based management action recommendations
- Market failure and the role of government (efficiency of competitive markets; externalities and public goods)
- Sustainability of investment strategies/sustainability in investment management/importance of capital for sustainable development/sustainability aspects: environmental, social, corporate governance
- Procurement, distribution and disposal logistics
- Controlling-based management action recommendations
- Ethics management tools, CSR, ethics
- Sustainability of investment strategies/sustainability in investment management/importance of capital for sustainable development/sustainability aspects: environmental, social, corporate governance
- Sustainability and ethics in corporate activities in the HR area
- Drafting legally binding contracts in various areas of business law
- Current developments in corporate governance in Germany, Europe and abroad, with focus on the US; requirement profiles, conflicts of interest and remuneration; monitoring tasks grouped horizontally and vertically and in the corporation; transparency through accounting and other instruments; role of auditors
- Contemporary human resources management with a view to sustainable and ethical conduct
- Liability risks for the corporation, its managers and supervisory board members; consulting and insurance; setting up and maintaining a compliance organization
- Underlying principles and techniques of different approaches to financial decision making of corporations and individuals in a social environment with regard to business ethics.
- Students are able to combine their skills from different modules and subjects in order to apply them to a complex case study or research project. In particular, they are able to analyse and understand the social implications of their findings.
- Integration of social and ethical objectives into key performance indicator systems
- Future-ready enterprise
- „At the end of the module students should be able to explain how today‘s businesses use strategic management to establish a sustained competitive advantage in an international environment, and to understand the key topics of formation and implementation of strategies in the global environment, the building of strategic alliances, negotiation and cross-cultural communication, international marketing, and corporate social responsibility.“
- Students are able to identify leadership challenges in a complex und dynamic environment, analyze how they promote a holistic understanding of leadership, describe how they develop relationship in virtual, agile and non-hierarchical settings, explain how they encounter dissolving boundaries of organizations, hierarchies, working structures and cultures, and discuss the importance of resilience and prerequisites to develop resilience.
- Work and performance evaluation as basis for incentive design / personal development as incentive / increasing the flexibility of working time, place and structure / leadership under incentive aspects, incentive design in teams, emotional leadership, value-oriented leadership.
- Students are able to analyze scenarios of possible developments in society, the economy, ecology, geopolitics, politics and families in order to develop new hypotheses and to outline and explain the balance between stability and flexibility in social systems.
- Current topics in leadership, state-of-the-art models in current leadership, latest leadership theories, in particular leadership styles; leadership behavior; strategic human resources management; performance-based compensation systems; modern working time management; current forms of personnel assessment; concepts of change management; international aspects of leadership behavior; virtual leadership; relationship between leadership, organization and human resources management.
- “At the end of the module, students should be able to explain how today’s businesses use strategic management to establish a sustained competitive advantage in an international environment and to understand the key topics of formation and implementation of strategies in the global environment, the building of strategic alliances, negotiation and cross-cultural communication, international marketing, and corporate social responsibility.”
- Students are able to analyze scenarios of possible developments in society, the economy, ecology, geopolitics, politics and families in order to develop new hypotheses and to outline and explain the balance between stability and flexibility in social systems.
- Understanding team processes as managerial function with the aim of sustainably enhancing corporate strategic goals.
- “Students are able to conceptualize in technical, economic, environmental and social categories./ They are able to include social and environmental aspects in their decisionmaking processes.”
- Analysis of forms of delegation, corporate organizational trends, CSR and diversity