Europe Study Tour Day 9

Date: May 5, 2015

Written by: Jeremy Palmer and Daniel Vaandrager

With the “spice boys” out of commission due to a run in with some questionable ethnic food, the remainder of our group took over a Koblenz public transport bus and headed to the Otto Beisheim School of Management at WHU.

WHU

After a warm welcome at WHU by our host, Ms. Schweiger, we engaged in a lecture with Professor M. Leitterstorf about family business financing. To complete our understanding of the complex issues surrounding family businesses and succession planning, we were divided into small groups where we re-enacted roles from a real-life case. Each group presented their decisions to the class and there were a number of unique solutions. The experience showed us the true struggles of a family business, and how succession planning needs to start early in order to avoid dividing the family during times of stress.

WHU Class

We enjoyed lunch in the WHU cafeteria, and then met back in the classroom to review what we had learned and how we could apply it to family business in Canada.

Castle

Following a quick discussion about our time in Koblenz we headed to the Marksburg Castle on the Rhine River for a guided tour. Marksburg is one of the few castles that was never overtaken during the course of many battles and wars, and still has some original structures from the 1200’s. This well-equipped castle even featured a cutting edge “Throne Room” that was the peak of waste disposal at its time. During our castle tour it was observed that even our professor was getting in on the selfie craze, although no photographic evidence could be obtained.

Alt Coblenz

To end our day, the WHU staff invited us to a local restaurant, Alt Coblenz, where we enjoyed traditional German food and great company in their 14th century wine cellar.

Alt Coblenz food

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s