Prof. Dr. Olaf Passenheim is teaching Management at the university of applied sciences in Emden/ Germany. He studied industrial engineering in Karlsruhe/ Germany and Sydney/ Australia and received his doctor title from the university of Hamburg/ Germany. He was working in international senior management, e.g. for Procter&Gamble and the multinational consulting company Droege&Comp. for over 10 years. Prior to his appointment as full professor in Emden, he was CEO of an European pharmaceutical holding in the Netherlands. Major research areas are Risk Management and Change Management.