March 12, 2013

Business site visit at the Deutsche Telekom AG


The latest excursion made by the New Europe business students was a site visit to the international headquarters of Deutsche Telekom here in Bonn! For those who are not familiar, this colossal, multinational corporation is the parent company of the T-Mobile brand seen in the United and the rest of the world.
Mark Nierwetberg, Vice President of Board Member Support in Europe, took the time out of his afternoon schedule to speak with our group of LMU students on many of the aspects of Telekom. In comparison with the last business visit (to a small startup company), we were able to juxtapose the differences between a new venture and an incredibly large, well-established corporation such as this. With areas of study ranging from Entrepreneurship to Accounting represented in the room of undergraduates, Nierwetberg was able to discuss something relevant to each person. He covered concepts that we are not so likely to learn in the classroom—such as gaining emotional loyalty in business, as well as adapting to rapid change within this particular market (to name a few). He taught on an industry most of us knew little about, and gave new meaning to the valuable lesson of embracing change in today’s business climate—even for corporate giants such as Deutsche Telekom.