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The role of the consultant in a change management process

Dr. Zoltan Csedo, Managing Partner of Innotica Group, and Associate Professor of Change Management, Corvinus University of Budapest is going to hold his lecture with the title 'The role of the consultant in a change management process' within the Change Management course of the MSc Program of Management and Business Administration, on the 15th of November at 17:20 (E Building).

The lecture is open for all interested professionals, and will be followed by a Q&A session.

Invited speakers delivering lectures within the Change Management course include Mr. Zsolt Hernádi, CEO of MOL Plc and Dr. Erik Bogsch, CEO of Gedeon Richter Plc. Dr. Csedo is going to highlight the challenges of a change management consultant working in the context of today's multinational corporations.

Deloitte Central Europe Technology Fast 50

Since 1995, Deloitte has been watching fast-growing technology companies that achieve remarkable levels of growth. Combining technological innovation, entrepreneurship and rapid growth, Technology Fast 50 companies span a variety of industry sectors, and are transforming the way business is done today. 

Meet us at the Deloitte Central Europe Technology Fast 50 Gala Event, in Budapest, on the 20th of October. Let's see the winners of 2016!


Smart Future Forum 2016

Significant steps have already been taken by several countries towards the implementation of smart grids. Business branches have started to develop, international alliances have been founded, and the types and number of affected parties have multipled. In order to accelerate domestic development, an environment shall evolve where one can achieve the most results possible within the shortest time possible, utilizing the least amount of resources. Therefore, it is necessary to coordinatedly unite the assets and possibilities of the cluster world, already having considerable history in Hungary, and the corporations and institutions tied to energetics, seeking to uncover synergies.

Smart Future Innovation Cluster's mission is to create such a community where members can obtain the most benefit from the opportunities of smart grids.

Meet us at the Smart Future Forum 2016, organized by Smart Future Innovation Cluster, in Visegrád, on the 20-21 October 2016.

Please, have a look to the detailed program of the event:

How to increase the rate of innovation in your company?

The “lone genius” myth may lend itself to fact books and film scripts, but the frequent controversy over who came first betrays a deeper truth: innovations don’t depend on the identified innovator. Researchers argue that instead, innovations are a product of our collective brains — organisations and social networks made up of people sharing thoughts and learning from each other.  Ideas flow in these collective brains, much like neurons fire in our individual brains. We see multiple ‘inventors’ of the same idea, because if the historical, cultural and conceptual conditions exist in the collective brain for an invention to emerge, inevitably there will be multiple individuals at the nexus of these conditions. Or to put it another way: Innovations don’t rely on a particular innovator any more than your thoughts rely on a particular neuron.

Understanding these processes is crucial to success in today’s organisations, where an innovative edge offers a key competitive advantage in the global marketplace (just look at the history of Apple). A strategy for innovation that simply relies on finding and hiring geniuses is unlikely to work.

But how can organisations increase their rates of innovation?

1. Increase interconnectivity

To be able to combine previously unconnected ideas, we need to have exposure to those ideas. Some people do this naturally, cultivating a wide network and showing broad curiosity about the organisation beyond what would help them in their ‘day job’. But organisations can foster it too.

2. Leverage diversity

Individuals with diverse cultural experiences have a wider range of ideas to draw on. Research suggests that they’re also better able to overcome ‘functional fixedness’, seeing objects for more than their intended use. 

3. Make it ‘safer to fail’

Societies benefit from making it safer for entrepreneurs to fail (for example, via bankruptcy laws and social safety nets), as long as the benefits of success are shared by all. That is, while most entrepreneurs will fail, those that succeed create advantages for society that outweigh the costs of the failures. Similarly, organizational cultures that reward calculated risk-taking, with a small cost to the individual, but large benefits shared by everyone in the organization, will undoubtedly see more failures than successes; however, with a large enough market, the few successes can pay for the many failures.

For more information, please read the recent blog post on LSE Business Review:

Dr. Zoltán Csedő Appointed Associate Professor of Change Management

Dr. Zoltán Csedő, Managing Partner of Innotica Group, has been appointed Associate Professor of Change Management in Institute of Management at Corvinus University of Budapest, Faculty of Business Administration.

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 Institute of Management gained a leading role in Hungary in the field of management and leadership. The Institute 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 Insitute is also very proud of the international relationships with the best global universities and business schools. The mission of the Institute of Management is to maintain its leading position in Hungary and providing programs and research at the standards of the leading European 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.