On January 1, 2015, Department of Business Economics changed its name to Department of Strategy

The emergence of Department of Strategy reflects the development in the fields of business administration (management or business education) which took place during the last 20-30 years. The term business administration (Betriebswirtschaft in German) is nowadays considered to be a field of study composed of individual academic disciplines (such as strategy, management, marketing, finance, etc.) instead of being a sole academic discipline. The Faculty of Business Administration reflects this fact by covering this broad field of study by the area of focus of individual departments.