[vc_row][vc_column width=”1/1″][vc_gallery type=”flexslider_slide” interval=”3″ onclick=”link_image” custom_links_target=”_self” column_number=”2″ grayscale=”no” choose_frame=”default” images=”18227,18228,18229,18230,18231,18232,18233,18234″ img_size=”medium”][/vc_column][/vc_row][vc_row][vc_column width=”1/1″][vc_column_text]Lauder Business School has recently joined the Harvard Microeconomics of Competitiveness (MOC) Network, which connects major business schools worldwide under the auspices of Professor Michael E. Porter. Decentralized Institutes are an integral part of the MOC Network, bringing together Harvard-based scholarship and local initiatives to enhance competitiveness.

The Institute of Competitiveness (IoC) at LBS is the first of its kind in Austria. It aims at setting up a unique hub for the exchange of ideas and development of new practices in the field of urban competitiveness. Local decision-makers from the public and business sectors, internationally renowned MOC, LBS faculty members as well as outstanding students and graduates will convene to devise smart solutions for competitive and livable cities. “We plan to develop a benchmark system to compare cities across countries. In addition to established economic factors, we particularly address the inclusion of all stakeholder groups and how they benefit from urban competitiveness programs”, announces Prof. (FH) Dr. Hanno Pöschl, the Founding Chair of the IoC at LBS.

As part of an entertaining inauguration ceremony in the LBS ballroom, the Director of Vienna’s MA 23 Department of Labour, Economic Affairs and Statistics Dipl.-Vw. Klemens Himpele presented Vienna’s stringent policies to promote sustainable innovation in research and business. Keynote speaker Professor Dr. Amit Kapoor of the Institute for Competitiveness India provided fresh insights into competitiveness challenges in his native country and beyond. The inauguration was complemented by Professor Dr. Pablo Collazzo Yelpo’s warm welcome on behalf of Michael E. Porter and the Harvard MOC Network.

“The audience at the inauguration ceremony – comprised of distinguished guests from the policy-making and the business sectors, LBS faculty, promising students and successful alumni – was a first taste of what the IoC at LBS will be about,” remarks Prof. (FH) Dr. Elisabeth Kübler. The future Head of IoC at LBS considers it her primary task to facilitate the translation of global knowledge into tangible local solutions. The IoC at LBS seeks to contribute to Vienna’s quest for competitiveness, creating value for the city’s entire population.

Earlier that same day, IBA and IML students had the privilege of attending a class on Doing Business in India with Professor Kapoor. Thanks to his vivid accounts of societal and economic challenges, Kapoor challenged conventional wisdoms on e.g. health care and road infrastructure in Indian megalopolises. The Indian professor, who is one of only nine members of the Harvard MOC Hall of Fame worldwide, encouraged the students to use easy-to-access technology and available resources to solve problems of any kind. If, for instance in one concrete example, adequate road repairs can take decades in certain countries, why not give local street vendors the opportunity to distribute life-saving medication to heart attack victims? In a nutshell, the Microeconomics of Competitiveness concept asks for locally viable solutions to make cities and regions internationally more competitive.[/vc_column_text][/vc_column][/vc_row]



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