After finishing highschool in Minden, Germany and fulfilling national service Prof. Rasche studied Sport Economics at the University of Bayreuth. Initially as external doctorate candidate, later as research associate and assistent he did his doctorate at Prof. Dr. Heymo Böhler (†)(Chair of Marketing at University of Bayreuth). Afterwards a career in business and strategy consulting for Droege & Comp. AG in Dusseldorf followed. Prof. Rasche's habilitation in the field of strategic managment was accomplished at the University of Bayreuth in his function as a Senior Scientist. In 2001 he became full-professor at the Universtiy of Potsdam and since then he owns the Chair of Management, Professional Services and Sport Economics. For several periods Prof. Rasche was the managing director and vice director of the Department of Sport Sciences. Furthermore he is a member of the foundingcommittee of gmip - General Management Institute Potsdam e.V., memeber of the Institute for Management and Organization (IMO) e.V. and of the nation-wide task force Sport Economics as well as associate editor and co-publisher for the publication series "Leadership" and "Strategisches Kompetenzmanagement" [Strategic Competence Management]. Prof. Rasche is passionate about running marathon and rowing.