‘How to manage change – Challenges of Globalisation’ Summer School

Are you up for a new challenge? Do you fancy increasing your academic standing? Are you looking for a new learning experience? Do you enjoy having fun? Then, you are in the right place!

What you have to do to join us?

  1. Apply for one of the 40 available spots by submitting an essay on the eponym topic of our summer school ‘How to manage change – Challenges of Globalisation, the Digitisation Revolution. For more information, visit our webpage http://fabiz.ase.ro/summer-school-2017. Deadline 19th of July 2017.
  2. In the morning, attend and actively engage in the presentations and seminars of our guest speakers, in the afternoon and evening make sure you don’t miss our fun activities and parties.
  3. Prove that you’ve paid careful attention to activities described at point 2) and get your certificate of attendance by showing your thirst for always challenging the status quo.
  4. Perseverance is the key to success so stay a Challenger for the years to come!


26 August – 4 September 2017


Black Sea Coast, Hotel Ramada – Constanta


Because you have something to say/are a Challenger


Foreign guest speakers from world top universities




Our Summer School programme is designed to ensure you get a holistic experience: here, we will enhance your worldview, you will meet new and exceptional people from all over the Globe, and you will gain considerable knowledge and skills.

During the 10 days you spend in our Summer School, you attend courses for four hours and participate in workshops and teambuilding events. Social events are not to be neglected since we strive for a healthy balance between organised events and free time, which also allows for the independence of the participants.

The package includes 9 nights in a three-star hotel, 3 meals a day, course materials, festive dinner.


Are you up for a new challenge? Do you fancy increasing your academic standing? Are you looking for a new learning experience? Do you enjoy having fun and meeting new people? Then, you are our perfect match!


Name of the organisation: SC AQUA GEOTERMA RESOURCE SRL
Unique Registration Code: RO26249561
Bank account: RO36BTRLEURCRT0298451201
Currency: EURO
Swift: BTRLRO22
Amount: 500 euro
Payment description/details: ASE-FABIZ summer school



In order to register you need to send us your CV and a 500-word argumentative essay on the topic ‘How to manage change – Challenges of Globalisation’. Applications should be submitted at the following address: summerapp@fabiz.ase.ro


The participation fee is 500 euro per person and it includes seminars and presentations, workshops and teambuildings, accommodation in double rooms for 9 nights, three meals a day, for the entire stay.

Given that spots are granted in the order of registration, in order to be sure you are going to get a spot, we strongly encourage you to enrol as soon as possible.

The payment is to be done in one instalment upon registration.

Cancelling and refund conditions: to be displayed


  • Developing and enhancing critical thinking and analysis skills
  • Enhance your CV
  • Experiencing an enriching summer in the heart of Constanta near the Black Sea
  • Make new friends and develop your social capital
  • Tap into a new culture



Taught by: Professor Wolfgang HÄRDLE, Humboldt University Berlin

Introduction to Financial Derivatives

Taught by: Professor Maria GRITH, Erasmus University Rotterdam

Course Description

This course introduces the basic concepts of financial derivatives. The focus is on futures, forwards, options and swaps. Topics include no-arbitrage pricing, hedging, risk neutral probabilities and the binomial tree model. Emphasis is placed on the mathematical context for the discrete probabilistic models used in the analysis of derivative securities. The theory is illustrated through numerical examples, which are relevant for understanding the pricing and hedging mechanisms involved in the real world financial applications.

Business Models New Paradigms

Taught by: Professor Claude CHAILAN, Strasbourg University

Course Description

The Business Models New Paradigms seminar examines how organizations create a value proposition and organize a profit formula in a global environment. In essence, a business model involves the allocation of critical resources and competences in a competitive environment over relatively long periods of time in the pursuit of the creation of value for customers and the capture of the value thus created. Business models are influenced by many factors such as the resources available to management, the industry and the competitive conditions, and of course the firm’s internal structure, systems, and culture. The seminar will cover the major business model decision-making tools. Particular attention is paid to processes, competencies, competitive positioning and comparative costs that drive value creation. Topics such as two-sided markets, free to fee businesses, ecosystems, network externalities, and servicization are also addressed. Participants will learn to assess why and how new and emerging business models develop in a variety of contexts (industries, countries). They will learn how to use methods to explore and exploit breakthrough business models.


Taught by: Professor Mihai CUCURINGU, Oxford University

Course Description

This course covers a number of topics in Data Science, that will combine both theoretical and practical approaches. The goal of the course is, on one hand, to understand at a high level the mathematical foundations behind some of the state-of-the-art algorithms for a wide range of tasks including organization and visualization of data clouds, dimensionality reduction, network analysis, clustering, classification, and ranking. On the other hand, students will be exposed to numerous practical examples drawn from a wide range of topics including finance, statistics, and social network analysis.

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Taught by: Professor Cathy Y. CHEN, Humboldt University Berlin

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Taught by: Professor Gerhard HAMMERSCHMID, Hertie School of Governance

Managing Innovation and Creativity in the Globalized Business

Taught by: Professor Francesco BELLINI, International Telematic University UNINETTUNO

Course Description

Innovation and creativity are the key drivers of success in many industries today. They fuel the uptake of new technologies, the development of products and services and the formulation of strategies to secure competitive advantage. Truly innovative ideas can create new markets and boost a firm’s value or even transform its entire business model. But how do you propagate a culture of innovation? How do you tell which creative ideas are right for an organization? And how do you manage them effectively? The aim of the course is to introduce the main concepts of innovation management enabling the understanding of innovation processes and the role of creativity within them. After the course, students will be able to apply the basics of design thinking and to identify, analyse and explain an effective, creative concept leading to an innovation success.


Prof. Wolfgang HÄRDLE

Prof. Wolfgang HÄRDLE

Wolfgang Karl HÄRDLE did in 1982 his Dr.rer. nat. in Mathematics at Universität Heidelberg and 1988 his Habilitation at Universität Bonn. He is Ladislaus von Bortkieviecz chair professor of statistics, Humboldt-Universitätzu Berlin.

He is director of the Sino German International Research Training Group IRTG1792 „High dimensional non stationary time series analysis“ (WISE, Xiamen University). His research focuses on dimension reduction techniques, computational statistics and quantitative finance.

He has published over 30 books and more than 300 papers in top statistical, econometrics and finance journals. He is highly ranked and cited on Google Scholar, REPEC and SSRN.

He has professional experience in financial engineering, smart data analytics, machine learning and cryptocurrency markets. He has created a financial risk meter FRMand a cryptocurrency index CRIX and a cryptocurrency index CRIX.

Prof. Claude Chailan

Prof. Claude Chailan

Dr. Claude Chailan is currently Professor and Programme Director at EM Strasbourg Business School.  EM Strasbourg is the fast-developing business school of the University of Strasbourg, ranked amongst the 100 best universities worldwide.

Claude has a great amount of international experience, having lived, studied and worked in many different countries all along his professional life. Prior to joining the academia, Dr. Chailan held high-level positions in international management from 1985 to 2000, including senior positions at Dannon, Sara Lee and L’Oréal.

He was actively involved in the development of international brands in several countries, as COO or CEO of these international companies’ local subsidiaries. He has taught at various institutes around the world, including SWUFE in Chengdu, ESAN in Lima, ESA in Beirut, CFVG in Hanoï, UniAndes in Bogota and Aalto EE in Taïwan and has consulted for a number of national and international companies including:

L’Oréal, Virbac, Leclerc, Extrême or Al Marsa. Dr Chailan’s research focuses on the links between marketing and strategy in the fields of Luxury Goods and Services Management, Business Models and, International Business.  Claude’s work has been widely published in leading academic journals including:

The Journal of Marketing Management, The Journal of Product and Brand Management, Euromed Journal of Business, The International Journal of Trade and Global Markets, The Journal of Competitiveness and Strategy and Critical Perspectives on International Business to name a few.

Dr Chailan received his Master’s degree from ESSEC Business School in Paris and his diploma in Political Sciences from IEP – Aix-en-Provence.  He also holds a PhD. in Management from the University of Nice Sophia-Antipolis.

Prof. Cathy Yi-Hsuan Chen

Prof. Cathy Yi-Hsuan Chen

Cathy Yi-Hsuan Chen is a guest professor (W2) at the School of Business & Economics in Humboldt-Universität zu Berlin, and a professor of the International Research Training Group 1792 – High Dimensional Non Stationary Time Series.

Her research interests focus on “text mining on finance analysis” and “risk analysis and management”. She has dedicated herself recently on applying text mining techniques to distill news flow from social media. Using the statistical analytics such

as Machine Learning (e.g. SVM), Lexicon Projection, Latent Semantic Analysis, Latent Dirichlet Allocation and Topic Modelling, she analyzes the news impact on financial markets. She has published in key journals and has written important software for financial econometrics.

She applies modern econometric techniques, such as copulae and ultrahigh dimensional factor models to financial data on systemic risk indicators. She has professional experience in risk modeling and management in banking industry. She is currently heading a “transfer project” between Humboldt-Universität and Deutsche Bank, and focusing on credit risk modelling and stress testing.

Maria Grith

Prof.<br />
Maria Grith

Maria Grith is an Assistant professor in Econometrics at Erasmus University Rotterdam. She received her Ph.D. in Economics in 2013 from Humboldt University of Berlin. Before joining Erasmus she had postdoctoral appointments at Singapore

Management University, University of Pennsylvania and Humboldt University of Berlin. Her work is focused on developing and applying statistical methods for studying dynamic high-dimensional data settings. It relies on nonparametric and

semiparametric approaches, functional data, as well as graphical models. The applications of the research lie mostly in the field of finance. She has coauthored

articles published in the areas of statistics, econometrics and finance journals, such as „Review of Finance” and „Journal of Financial Econometrics”.



Research director and founder of Eurokleis he trained as an economist (Degree in Economics, MAs in Economics and Management of Technological Change, PhD in Innovation management). He is professor of Finance at the International Telematic University

UNINETTUNO and Technology Management professor and research fellow at the Department of Management of University of Rome La Sapienza. He is responsible of the Research & Innovation in Eurokleis and he is scientific consultant for a number of private and public

bodies. During his professional carrier he worked in more than 30 EC projects coordinating 4 of them. He is author of 3 books and about 70 publications.

He has an extensive experience in project management and coordination, business and financial modelling of  innovation and impact assessment.

Mihai Cucuringu

Dr.<br />
Mihai Cucuringu

I finished my Ph.D. in Applied and Computational Mathematics (PACM) at Princeton University in June 2012, where I was extremely fortunate to be advised by Amit Singer. My thesis was on the low-rank matrix completion problem and several distance geometry

problems with applications to sensor network localization and three-dimensional structuring of molecules. During Fall 2014, I was a Research Fellow at the Simons Institute for Theory of Computing at UC Berkeley, in the program Algorithmic Spectral Graph Theory.

During Spring 2014, I was a Research Fellow at ICERM, at Brown University, in the Network Science and Graph Algorithms semester program.

Prof. Gerhard Hammerschmid

Prof. Gerhard Hammerschmid

Gerhard Hammerschmid is Professor of Public and Financial Management at the Hertie School of Governance. His research focuses on public management reform, comparative public administration, public sector performance management

and personnel management. Hammerschmid also serves as academic head at the Institut für den öffentlichen Sektor e.V. and is coordinator and partner of various EU-funded research projects (COCOPS, LIPSE, EUPACK) on

public management reform. He has been guest professor at the Australia and New Zealand School of Government (ANZSOG) and the Copenhagen Business School. Before joining Hertie he was assistant professor at the Institute

for Public Management at Vienna University of Economics and Business (WU Wien) and spent three years in a federal ministry in Austria coordinating a major restructuring and administrative reform.

Hammerschmid studied business at the University of St. Gallen and received his PhD from the WU Wien.



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