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News
15/08/2017
How to Help Employees to Create Knowledge

Many leaders see organizational learning simply as sharing existing knowledge. This isn’t surprising given that this is the primary focus of educational institutions, training programs, and leadership development courses. It’s the “sage on the stage” model, in which an expert shares what they know with those who are assumed not to know it. These “best practices” are presumed to work in a variety of different contexts and situations.
Without diminishing the value of knowledge sharing, recent research would suggest that the most valuable form of learning today is actually creating new knowledge. Organizations are increasingly being confronted with new and unexpected situations that go beyond the textbooks and operating manuals and require leaders to improvise on the spot, coming up with new approaches that haven’t been tried before. In the process, they develop new knowledge about what works and what doesn’t work in specific situations. The old, “scalable efficiency” approach to knowledge needs to be replaced with a new, more nimble kind of “scalable learning.” To foster the latter, managers should understand five essential distinctions:

  • Explicit versus tacit knowledge
  • Individuals versus workgroups and networks
  • Learning versus performance improvement
  • Learning versus unlearning
  • Skills versus capabilities

For more information, please, read following article in Harvard Business Review:
http://bit.ly/2v13qpT

News
17/07/2017
Dr. Zoltán Csedő Appointed Head of Department of Management and Organization

Dr. Zoltán Csedő, Managing Partner of Innotica Group, has been appointed Head of Department of Management and Organization at Corvinus University of Budapest, Faculty of Business Administration, from 1st of July 2017.

As Associate Professor of Change Management, Dr. Csedő has performed several research programs, being author of research articles in change management, knowledge management and business strategy. He is member of Hungarian Academy of Sciences' Public Body, Scientific Section of Economics and Law, Committee on Business Administration. Dr. Csedő is also teaching within the MSc Program of Management and Business Administration of Corvinus University of Budapest, since 2004.

In the past 30 years the Department of Management and Organization gained a leading role in Hungary in the field of management and leadership, currently,  being a flagship department of Institute of Management. The Department started to transfer the mainstream management thinking to Hungary years before the economic transition. It pioneered in researching several management and leadership concepts in Hungary. That made possible to create a unique curriculum and launch programs that are widely recognized. The Department of Management and Organization is also very proud of the international relationships with the best global universities and business schools. 

Corvinus University of Budapest is a research university oriented towards education, where the scientific performance of the academic staff measures up to the international standard and the students can obtain a competitive degree having a standard and knowledge content identical to similar-profile universities and acknowledged on the European Union's labour market and on a global scale.

News
18/05/2017
Reinforcement Learning: Breakthrough Technology of 2017

Breakthrough technologies will affect the economy and our politics, improve medicine, or influence our culture. Some are unfolding now; others will take a decade or more to develop. 
Reinforcement learning is one of top 10 breakthrough technologies listed recently by MIT Technology Review. By experimenting, computers are figuring out how to do things that no programmer could teach them.
The setting where you will probably most notice the remarkably humanlike behavior of this technology is in self-driving cars. Today’s driverless vehicles often falter in complex situations that involve interacting with human drivers, such as traffic circles or four-way stops. If we don’t want them to take unnecessary risks, or to clog the roads by being overly hesitant, they will need to acquire more nuanced driving skills, like jostling for position in a crowd of other cars. Progress would proceed much more slowly if programmers had to encode all such decisions into cars in advance.
For more information, please read the article in the March-April 2017 issue of MIT Technology Review:
http://bit.ly/2m05e1U

Event
20/02/2017
Brexit: economic and business perspectives and opportunities for a new era of bilateralism

Dr. Zoltán Csedő, Managing Partner of Innotica Group, moderated a panel discussion focusing on 'Brexit: economic and business perspectives and opportunities for a new era of bilateralism'. Participants of the panel included alumni from the London School of Economics and Political Science, Oxford University and Cambridge University. Key issues have been discussed regarding post-Brexit cooperation opportunities between UK and countries of the Visegrad Cooperation and the Balkan region. The panel discussion took place at an international conference entitled 'The role of Chevening Alumni Network in post-Brexit Europe' organized jointly by Chevening Alumni organisations from Croatia, Slovenia and Hungary in Zagreb, between 17-19 February 2017. 

Chevening is the UK government’s international awards scheme aimed at developing global leaders since 1983. Funded by the Foreign and Commonwealth Office (FCO), Chevening offers a unique opportunity for future leaders, influencers, and decision-makers from all over the world to develop professionally and academically, network extensively, experience UK culture, and build lasting positive relationships with the UK.

Dr. Zoltán Csedő was a Chevening scholarship holder while obtaining his MSc degree at the London School of Economics and Political Science.

 

News
19/01/2017
Blockchain technology: will be a disruption to financial services?

Proponents of the blockchain technology envision a world without financial service providers. Asset ownership would thereby be recorded in a distributed, non-manipulable ledger – the blockchain – that is stored on each participant’s computer. Except for the digital currency bitcoin, this technology has not been widely applied so far. Many promises surrounding blockchain exist. The most important ones are:

  • Blockchain is cheaper than the current payment system
  • Blockchain is faster than the current payment system
  • Blockchain does not need a regulated third party
  • Blockchain is less error-prone than the current payment system
  • Blockchain is safer than the current payment system

Researchers argue, it is still uncertain whether the blockchain will be a disruption to financial services. For a well-functioning market for blockchain applications to emerge, these have to be able to compete with current systems. Blockchain services need a legal definition and should be compliant with rules and regulation. Moreover, there should be registration requirements for mining services as well as supervision since miners could become critical infrastructure.

For more information, please, read the LSE Business Review article:
http://bit.ly/2iNdRHk

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