Prof. Dr. Michael Nagel is Professor of International Management and Marketing and Head of the Department of International Business at Baden-Württemberg Cooperative State University Stuttgart (DHBW), Germany. He holds three Diplomas/Master Degrees from the Universities of Tübingen and Berlin and a Ph.D. (Dr. phil.) from the University of Potsdam. Professor Nagel teaches Business Administration, International Management and Marketing in bachelor and master programs. His current research focuses on theories, methods and tools for managing all aspects of a company’s value chain, as well as on growth and profitability management. Professor Nagel has published several books and articles in academic journals. Besides his Full Professorship in Stuttgart he is Visiting Professor at different Universities/Universities of Applied Sciences in Central and Eastern Europe. Professor Nagel is continuously linking theory and practice as a Senior Advisor in one of the world’s largest Management Consultancies, in which he worked as a Senior Consultant, Manager and Senior Manager prior to his Professorship in Stuttgart. As a Managing Consultant he is regularly active in the Chemical and Pharmaceutical, as well as in the Oil and Gas Industry.