Waltz on the Danube

Powerful Essays
Waltz on the Danube
Egy ökör csak ökör marad ha Budapeströl Bécsbe hajtják is.
(“An ox remains an ox even if driven from Budapest to Vienna” – A Hungarian proverb)
Walking out of a grueling three-hour project team meeting on March 21, 2003,
32-year-old Dr. Philipp von Wilmowsky took a deep breath and smiled to himself. "This project is like a giant jigsaw puzzle," he thought. "It was fun, time consuming, but would he be able to complete it with all the right pieces in place?" As director of Hungarian operations for ECE proiektmanagement, a German real estate development conglomerate,
Philipp had worked for two years on a 30,300 square meter (m2) €80 million shopping center project located along the Danube River in the city of Györ (pronounced "jyur).
Lining up four credit anchor tenants had been easy; finalizing the site acquisition, the permits, the design and the financing was going to be a lot tougher. As he mulled over the project during the 45-minute drive back to Budapest, Philipp was concerned about next week's presentation in Hamburg to Alexander Otto (HBS MBA '94), Philipp's boss and
ECE's Chairman. In recent discussions, a potential equity investor had questioned some of Philipp's market assumptions and indicated that the project costs were too high to meet their return requirements. ECE would be forced to choose between altering the design of the building to make it less expensive and trying to continue negotiations with the prospective investor. With only a few months to finalize the details of the project, Philipp would have to present the tradeoffs of the possible design options to Otto and other equity investors. As he settled into his ritual Friday evening flight back to Hamburg,
Philipp acknowledged that this would be yet another working weekend and he would have to wait to celebrate the first day of spring.
Philipp had joined ECE with an unusual background for the real estate business.
He had earned two law degrees,

You May Also Find These Documents Helpful

  • Powerful Essays

    Waltz on the Danube

    • 4982 Words
    • 20 Pages

    Waltz on the Danube Executive Summary The purpose of this case is to establish the viability of the €75 million shopping center project located along the Danube River in the city of Gyor. As the director of Hungarian operations for ECE Projektmanagement Dr. Philipp von Wilmowsky had worked for two years on the 30,300 square meter shopping center. So while Gyor lack significant a shopping center thus creating a site that had great potential there were several major questions that would define…

    • 4982 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Waltz on the Danube

    • 1288 Words
    • 6 Pages

    Answer 1 Is there and adequate market in Gyor? Are rents adequate to support this development? Gyor was chosen as the primary project site by ECE after careful consideration, under the assumption that its market was sufficient to support the project. Phillip von Wilmowsky base assumption were that Gyor enjoys strong demographic and economic potential, high accessibility and minimal competition. And more specifically, these were the main rational points underlined by von Wilmowsky assessment:…

    • 1288 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    The Waltz

    • 378 Words
    • 2 Pages

    My Papa’s Waltz I believe I am living a good life. My parents love me and provide me with all the things my heart desires, so creating a connection with the child in the poem, “My Papa’s Waltz,” seemed as an impossible task. Yet, I have made a startling discovery with the child in the poem, and that is the way he and I both downplay the horrors in our lives. The boy in this poem is receiving scars from his father whose senses are muddled up to the point that he isn’t even in this world, though…

    • 378 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Waltz Essay

    • 579 Words
    • 2 Pages

    Any interpretation of “My Papa’s Waltz” has to take into account the complexity of the speaker’s feelings that are brought about by his father’s waltz. A dance should bring two people closer together. The dance in this poem acts that way, yet the darker side of this waltz, which is a powerfully unsettling emotion under the surface of this poem, dominates the mood, and the love and intimacy of the dance do not make a strong impression on the reader. Theodore Roethke manipulates our emotional response…

    • 579 Words
    • 2 Pages
    Good Essays
  • Better Essays

    The Mephisto Waltz

    • 1196 Words
    • 5 Pages

    "The Mephisto Waltz" Composed By: Franz Liszt Reviewed By: John Teabout Jr. January 18, 2006 Mr. Brellochs Piano 1 A4 Franz Liszt was born on October 22, 1811 in Raiding, Hungary. His father Adam Liszt, a cello player, taught him to play the piano. As a young boy he moved to Vienna to study piano under Carl Czerny and composition under Antonio Salieri. Two years following him and his family moved to Paris, France where he toured broadly as a pianist. Liszt 's father Adam died in 1826…

    • 1196 Words
    • 5 Pages
    Better Essays
  • Good Essays

    The History of Waltz

    • 427 Words
    • 2 Pages

    The history of Waltz The Waltz is the oldest of the ballroom dances, dating from the middle of the Eighteenth Century. The German "Lander", a folk dance, is supposed to be the forerunner of the Waltz. During this time period a dance developed which was called the "Walzer", a word owing its origin to the Latin word Volvere, which indicates a rotating motion. Napoleon's invading solders spread the waltz from Germany to Paris; then the dance glided across the channel to England and finally made its…

    • 427 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Waltz and Sagan

    • 856 Words
    • 4 Pages

    Scott D. Sagan and Kenneth N. Waltz. The Spread of Nuclear Weapons: A Debate Renewed (New York: W.W. Norton, 2002). General Argument: Waltz: Rational deterrence theory: _ There is a fundamental difference between conventional and nuclear worlds. Gradual spread of nuclear weapons is better than no spread or rapid spread. _ Nuclear weapons make war less likely, because nuclear weapons encourage both defense and deterrence. The possibility (however remote) and unacceptably high cost of destruction…

    • 856 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    The Last Waltz

    • 1414 Words
    • 6 Pages

    Directed by a fan of the musicians involved in the film, The Last Waltz is considered one of the greatest musical films, if not the greatest, ever produced in the history of rock ‘n’ roll. It features the last concert given by a group of musicians who referred to themselves as “The Band”. Hence the name The Last Waltz was given to the title of the film. Besides the concert, the viewers are enlightened with the life experiences of these musicians through the interviews dispersed between the scenes…

    • 1414 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Waltz Research Paper

    • 1029 Words
    • 5 Pages

    Name
of
Activity:

Basic
Waltz
steps
 Purpose
of
Activity:

Students
will
learn
5
basic
waltz
steps,
the
history
of
the
waltz,
geography
and
 climate
of
the
countries
of
Germany
and
Austria.
 Suggested
Grade
Level:
6‐12
 Materials
Needed:
CD
player
and
appropriate
waltz
music
 Music:
The
following
are
suggestions
from
several
different
genres
of
music:
Could
I
Have
This
Dance
 (For
the
Rest
of
My
Life)
by
Anne
Murray;
You
Look
So
Good
in
Love
by
George
Strait;
You
Light
Up
My
 Life
by
LeAnn
Rime…

    • 1029 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    My Papa's Waltz

    • 411 Words
    • 2 Pages

    Andres Barbeito Professor Garcia ENC1102 April 1, 2013 My Papa’s Waltz Born in Saginaw Michigan, Theodore Roethke had a troubling childhood. With his works as evidence, one can see that he had to bear a handful of calamities most of his life, one of them being his relationship with his father. Now, the love for a father is a very distinctive love. In "My Papa's Waltz", Theodore Roethke does an excellent job describing the relationship he has with his father. In this…

    • 411 Words
    • 2 Pages
    Satisfactory Essays