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Back

Engineering Economics and Management

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    • Transfer studies
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    • Semester / Year Exchange Studies
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Full-time studies
  • Full-time studies
Full-time studies
  • Department
    Antanas Gustaitis' Aviation Institute
  • Program code
    6211LX086
  • Field of study
    Business and Public Management
  • Qualification
    Master of Business Management
  • Duration
    1.5

About

ENGINEERING ECONOMICS AND MANAGEMENT 

Degree Master of Business Management
Length 1.5 years (3 semesters)
Study language Lithuanian, English
Start 1st of September 
Entry Qualification To this program applicants are accepted from the groups of fields of study: Mathematical Sciences, Computing, Physical Sciences, Engineering Sciences, Technological Sciences, Humanities.

 

Hybrid learning approach is applied in this study program. Hybrid learning is an educational model where some students attend class in-person, while others join the class virtually from home. 

 

Management science faces a close interaction of seemingly different fields, and the obtained results of this particular branch of science are crucial to many areas of human activity, including quantifying and managing processes, organizing work to design value creation and ensuring the smooth application of research results in everyday life.

The Master's degree program in Engineering Economics and Management is the result of the coherence between a broad knowledge and remarkable abilities of economics and management and other fundamental sciences based on quantitative research.

The necessity for such knowledge arises from the need to solve the management problems of recent organizations through the integration of laws on economics, management and technological sciences with the aim to provide effective solutions to complex situations or to justify the cost-effectiveness of innovative activities.

The Master's degree program in Engineering Economics and Management is intended for the students having a Bachelor's degree in technological or physical sciences and humanities.

The study program is aimed at preparing Master's degree students capable of creatively applying the latest knowledge of engineering economics and management sciences.

The trained specialists know the management peculiarities of recent organizations and are able to effectively manage the resources and processes of organizations, create the value for the user or conduct research in a changing environment.

The students of the study program in Engineering Economics and Management are provided a possibility of choosing between Aviation Management, Smart Industry Management and Business Design specializations. Business Projection specialization is taught in English.

 

The Aviation Management specialization concentrates on training highly qualified Master's degree students in Aviation Management. The students acquire the latest empirical research knowledge of aviation and management sciences.

The trained specialists are capable of applying integrated knowledge for assessing complex operational management problems encountered in the aviation sector and for objectively substantiating alternatives to their solutions.

The studies involve the observation of development trends in the aviation sector, the in-depth analysis of legal hints and planning, coordinating and control peculiarities and learning to run the organizations representing the aviation sector.

 

The Smart Industry Management specialization is designed to prepare highly qualified production management masters who are responsive to and knowledgeable about modern production trends. During their studies, they will acquire the latest knowledge in managing and evaluating smart production processes. Such specialists will be able to solve production management challenges in different industries by applying aspects of smart production system management, industrial digitization, intelligent business system modelling, and high-tech business process management.

Masters in this specialization will be able to manage departments carrying out production activities in companies of various profiles and state institutions and organize business using the most modern methods of smart industry and high-tech business process management.

 

The Business Projection specialization focuses on training highly qualified Master's degree students in the Management of Business Projection. The students gain the knowledge of business intelligence, innovation and high-tech management and the integrated management of multifunctional business projects.

The graduates in this study program manage to integrate multifunctional business design tools and scientifically substantiate business and public performance on the measures of value and utility.

The students integrally learn to solve the issues of business development and project management and are able to manage the value chain or the risk of projects through the integration of investment and portfolio management methods and measures under uncertain conditions.

 

The Specialization of Business Leadership is designed to prepare highly qualified specialists who have knowledge of entrepreneurship, organization’s management modernization, leadership. The specialists are able to comprehensively solve the problems of innovative business management in conditions of uncertainty.

Business leaders, who have leadership as well as entrepreneurial skills, focus on creating a learning environment in an organization, encouraging employees to improve, broaden their horizons, and solve problems creatively.

Graduates of Business Leadership will acquire the necessary knowledge and skills to develop business, deepen creative thinking, create positive synergies.
 

Learning outcomes

The Master's degree program in Engineering Economics and Management is designed:

  • to apply the principles of the engineering economics and management theory, strategic management, marketing management, accounting, business law and research methodology necessary for the preparation and implementation of management decisions;
  • to integrally apply a specific knowledge of engineering, economics and management for developing a set of technical, information, technological, economic and managerial measures required for effectively managing organizational processes and implementing innovations;
  • to independently apply the results of scientific and applied research, form and make wise decisions in the fields of production, aviation management and business design;

The graduates in the Aviation Management specialization will manage to lead in product creation, plan, organize, develop and take control over the process of providing aviation services, deal with the issues related to the aviation sector, carry out research and experimental activities.

Graduates of the Smart Industrial Management specialization will learn to create, organize and develop modern manufacturing companies, implement the latest technologies and methods to optimize, digitize and make industrial processes sustainable; apply existing knowledge of digital innovations, such as artificial intelligence, the Internet of Things (IoT), big data analytics and automation, to create more efficient and flexible production and management solutions.

The graduates in the Business Projection specialization will manage to assess factors and criteria for the rational use of the required resources in the process of developing project management methodology and measures necessary for ensuring the implementation of multifunctional business design.

Career opportunities may include:

  • Work for international and national organizations, business enterprises, public administration institutions.
  • Work for airline companies, airports and air navigation enterprises.
  • Studying a Doctoral degree program.

Study subjects

1 - 2 Semesters
  • 1 - 2 Semesters
  • 3 Semester
1 - 2 Semesters
3 Semester

1 Semester

Specialization: E-Business Management
obligatory
  • VVVKM17229 9 credits

    Technology Management (with course project)

    Module aim

    To provide theoretical and practical knowledge about the technology management and planning. To evaluate implementation of computerized systems. To make decisions concerning the technology management and practical implementation and to write a scientific essay.

    Module description

    Technology management course discovers topics of Information and Communication Technologies, trends
    and their impact on business, the implementation processes, that creates additional value to the organization, also analyses
    management aspects of information technology and innovation.

  • VVVKM17283 6 credits

    Management Theory

    Module aim

    To master methodological principles of management and educate abilities to apply management theory for solving effectively problems of modern complex business.

    Module description

    The course of the management theory analyses the essence of the management theory, classification and evolution of theories and methods, modern interpretation. Interpretation from standpoint of theory of systems of various research objects. Quantitative and qualitative methods of management decision making. Economic management methods and specifics of their application. Psychological management methods and their role. Administrative management methods and specifics of their application. Legal environment of management. Complex application of management methods. Management decisions support systems. Management decisions in the environment of informative society. Application of management theory in various areas of activity.

  • VVEIM20103 6 credits

    Methodology of Business Research

    Module aim

    To apply knowledge of business and management to form, evaluate and make independently with systemic, critical and constructive thinking effective business management decisions, based on scientific argumentation under uncertainty conditions, assimilate scientific provisions of quantitative and qualitative recognition and interaction efficiency and their dependence on variety of conditions, to be ready for self-improvement through lifelong learning.

    Module description

    The course of Business Research Methodology deals with the definition of business research, stages of business research, principles of planning and organising research work, quantitative and qualitative research methods, methods of data collection and processing, principles of preparing a business research report.
    Students must attend at least 60 % of the time scheduled exercises.

  • VVTVM17254 3 credits

    Master Final Thesis 1

    Module aim

    To prepare for the research required for the final thesis, to highlight the relevance of the topic and the object of the thesis, to formulate the scientific problem, the aim and objectives of the thesis, and to analyse the scientific literature on the selected topic of the thesis. All of these are summarized by developing a scientific article on a topic related to the master’s thesis.

    Module description

    During the course Master Thesis 1 the final thesis topic, corresponding to electronic media management specialization, is selected. The scientific problem of the thesis is defined, the research object is highlighted, the research limitations, and the research place is identified. Moreover, students prepare an expanded research plan, develop the introduction part, and perform a review of the scientific literature. In cooperation with the thesis supervisor, a scientific article is prepared for the Young Scientists Conference (YSC) and uploaded to the conference system (YSC).

Specialization: Smart Industry Management
obligatory
  • VVTVM24104 9 credits

    Smart Production Systems Management (with Course Project)

    Module aim

    To deliver to the students theoretical and practical knowledge for self-sufficient academically and practical work in the area of smart production systems management.

    Module description

    The course examines the essence of the production management and organization, regularities of production management and organization of the enterprise, management theories in the context of smart manufacturing specificities, enterprise as a management object and subject, management functions, levels, principles of enterprise, creating smart production companies, legal regulation of creating companies, smart manufakturing management models and methods, conceptual model of production organization in an enterprise, tasks of production organization realized in an enterprise subsystems, formation of the smart production structure (value creation chain), types, forms and methods of the production process, quality system of enterprise, total quality management system, project management in the smart manufacturing, smart industry development trends: sustainability and digitization, R&D and innovation in the smart production enterprise.

  • VVVKM24208 6 credits

    Strategic Management

    Module aim

    STo provide a theoretical background of strategic management and comprehensive understanding of the strategic management process. To provide the knowledge and develop skills to apply strategic analyticall tools, which would help to make efective decisions and implement successful actions. To develop practical skills of strategic management.

    Module description

    Strategic management course discusses implications of strategic management, business strategy, sources of competitive advantage, relationships between organization and competitive advantage, industry analysis, competition and market niches, competition in concentrated markets, entry in the market and competitive advantage, value creation in value chain, strategic management in changing environment, globalization and strategy, corporation strategy, strategy development process. Taking into consideration the peculiarities of contemporary strategies and analyzing international experience of organizations, the students are acquainted with the main models and tools of strategic management; the role of leadership is discussed; the factors impacting strategy are revealed; the problems and the means how to overcome these problems in order to successfully implement strategy are discussed.

  • VVEIM24102 6 credits

    Smart Economy

    Module aim

    To provide theoretical and practical knowledge about the modern, smart economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

    Module description

    The main problems occurring in smart economy are analyzed, the possible solutions of these problems are discussed. The aim of this course is to enable students to analyse and evaluate the processes of economic transformation, structural changes in the economy; to identify and assess the impact of various factors on the modern market and; to critically assess current economic challenges and solutions; to analyse, select, justify a business model for the solutions proposed / to promote the development of responsible and sustainable business models.

  • VVTVM17122 3 credits

    Master Final Thesis 1

    Module aim

    To carry out the theoretical research necessary for the final thesis, to highlight the relevance of the topic and the object of the work, to formulate the scientific problem, the aim and objectives of the work, to carry out an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, theoretical part of the thesis in accordance with the thesis requirements.

    Module description

    During Master Thesis 1 discipline students choose the final thesis’ topic corresponding Smart Industry Management specialization, raise scientific problem, objective, set the goal/aim and determine tasks, describe the location of research and research limitations, prepare an expanded plan of the research and conduct scientific literature review. The report of research work is prepared, in which research object, tasks, results of theoretical researches, their generalization and interpretation are submitted.

Specialization: Innovation Management
obligatory
  • VVTVM17033 9 credits

    Innovation Management Theory (with course project)

    Module aim

    To take theoretical and practical knowledge for self-sufficient academical and practical work in the area of innovation and to use them in complexity to modernize contemporary economy and business, to write a scientific essay.

    Module description

    Contents of innovation theories, system and classification of them, as well as creation, dissemination and realization of innovations are analyzed in the studies of the innovation management theory. Innovations activities as complex processes, their structure, priorities and model are described and investigated. Social, economic, technological, psychological, ecological accepts of innovation, innovation management, its models, innovations in the various areas of the business and public sector are characterized in detail. It is noted in the studies that the creative work and initiative could be defined as the main elements of the innovations processes. Motivations in the innovations system, supporting of innovation, supporting innovations infrastructure, innovation marketing are analyzed. Innovation theories, innovations and globalisation and internationalisation processes, innovations and the use of information technologies are described.

  • VVVKM17283 6 credits

    Management Theory

    Module aim

    To master methodological principles of management and educate abilities to apply management theory for solving effectively problems of modern complex business.

    Module description

    The course of the management theory analyses the essence of the management theory, classification and evolution of theories and methods, modern interpretation. Interpretation from standpoint of theory of systems of various research objects. Quantitative and qualitative methods of management decision making. Economic management methods and specifics of their application. Psychological management methods and their role. Administrative management methods and specifics of their application. Legal environment of management. Complex application of management methods. Management decisions support systems. Management decisions in the environment of informative society. Application of management theory in various areas of activity.

  • VVEIM20103 6 credits

    Methodology of Business Research

    Module aim

    To apply knowledge of business and management to form, evaluate and make independently with systemic, critical and constructive thinking effective business management decisions, based on scientific argumentation under uncertainty conditions, assimilate scientific provisions of quantitative and qualitative recognition and interaction efficiency and their dependence on variety of conditions, to be ready for self-improvement through lifelong learning.

    Module description

    The course of Business Research Methodology deals with the definition of business research, stages of business research, principles of planning and organising research work, quantitative and qualitative research methods, methods of data collection and processing, principles of preparing a business research report.
    Students must attend at least 60 % of the time scheduled exercises.

  • VVTVM17040 3 credits

    Master Final Thesis 1

    Module aim

    Preparation for conduction of scientific researches, to highlight relevance of the topic, raise a scientific problem, formulate goal/aim of the research, set tasks, conduct scientific literature review.

    Module description

    During Master Thesis 1 discipline choose the final thesis’ topic corresponding Innovation Management specialization. During this course raise scientific problem, objective, set the goal/aim and determine tasks. What is more, students describe the location of research and research limitations. Moreover, students prepare an expanded plan of the research and conduct scientific literature review. The report of research work is prepared, in which research object, results of theoretical researches, their generalization and interpretation are submitted.

Specialization: Business Projection
obligatory
  • VVTVM17281 9 credits

    Business Projection and Management (with course project)

    Module aim

    To provide applied knowledge of business management and business project preparation, develop the ability to prepare business projects and write a scientific essay in order to clearly define the main research parameters, argue the formulated statements, analyze, compare, evaluate approaches, methods, synthesize research results, constructively present the obtained research results, for research using appropriate and up-to-date literature.

    Module description

    Taking into account the principles of modern business management and analyzing international experience, students are introduced to the processes of business projection and management, information is provided on the preparation of a business plan and business risk assessment, and they are introduced to business projects, their processes and the peculiarities of their management.

  • VVVKM24208 6 credits

    Strategic Management

    Module aim

    STo provide a theoretical background of strategic management and comprehensive understanding of the strategic management process. To provide the knowledge and develop skills to apply strategic analyticall tools, which would help to make efective decisions and implement successful actions. To develop practical skills of strategic management.

    Module description

    Strategic management course discusses implications of strategic management, business strategy, sources of competitive advantage, relationships between organization and competitive advantage, industry analysis, competition and market niches, competition in concentrated markets, entry in the market and competitive advantage, value creation in value chain, strategic management in changing environment, globalization and strategy, corporation strategy, strategy development process. Taking into consideration the peculiarities of contemporary strategies and analyzing international experience of organizations, the students are acquainted with the main models and tools of strategic management; the role of leadership is discussed; the factors impacting strategy are revealed; the problems and the means how to overcome these problems in order to successfully implement strategy are discussed.

  • VVEIM24102 6 credits

    Smart Economy

    Module aim

    To provide theoretical and practical knowledge about the modern, smart economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

    Module description

    The main problems occurring in smart economy are analyzed, the possible solutions of these problems are discussed. The aim of this course is to enable students to analyse and evaluate the processes of economic transformation, structural changes in the economy; to identify and assess the impact of various factors on the modern market and; to critically assess current economic challenges and solutions; to analyse, select, justify a business model for the solutions proposed / to promote the development of responsible and sustainable business models.

  • VVTVM17287 3 credits

    Master Final Thesis 1

    Module aim

    To carry out the theoretical research necessary for the final thesis, to highlight the relevance of the topic and the object of the work, to formulate the scientific problem, the aim and objectives of the work, to carry out an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, theoretical part of the thesis in accordance with the thesis requirements.

    Module description

    During Master Thesis 1 discipline students choose the final thesis’ topic corresponding Business Projection specialization, raise scientific problem, objective, set the goal/aim and determine tasks, describe the location of research and research limitations, prepare an expanded plan of the research and conduct scientific literature review. The report of research work is prepared, in which research object, tasks, results of theoretical researches, their generalization and interpretation are submitted.

Specialization: Business Leadership
obligatory
  • VVTVM17301 9 credits

    Entrepreneurship (with course project)

    Module aim

    To provide some knowledge about the phenomenon of entrepreneurship, its features and the importance in the economics, modern business entrepreneurship expression characteristics and peculiarities, to develop abilities to justify the need of innovation and to foster the development of enterprise and to write a scientific essay.

    Module description

    The course of Entrepreneurship is procurable knowledge about the phenomenon of entrepreneurship, its importance to the economy, making oneself master of identifying entrepreneurial business expression features, thus make them capable to understand the features of Entrepreneurship in business and their characteristics, analyze entrepreneurs’ qualities of character and abilities. Based on the business best practices analysis thus make them capable to assess the progressive and competitive business features, become acquainted with schemes and strategies. It is well acquainted with the peculiarities of different business innovation models, quantitative assessments of environmental conditions. Entrepreneurship educated and encouraged to design, develop innovative business ideas.

  • VVVKM24208 6 credits

    Strategic Management

    Module aim

    STo provide a theoretical background of strategic management and comprehensive understanding of the strategic management process. To provide the knowledge and develop skills to apply strategic analyticall tools, which would help to make efective decisions and implement successful actions. To develop practical skills of strategic management.

    Module description

    Strategic management course discusses implications of strategic management, business strategy, sources of competitive advantage, relationships between organization and competitive advantage, industry analysis, competition and market niches, competition in concentrated markets, entry in the market and competitive advantage, value creation in value chain, strategic management in changing environment, globalization and strategy, corporation strategy, strategy development process. Taking into consideration the peculiarities of contemporary strategies and analyzing international experience of organizations, the students are acquainted with the main models and tools of strategic management; the role of leadership is discussed; the factors impacting strategy are revealed; the problems and the means how to overcome these problems in order to successfully implement strategy are discussed.

  • VVEIM24102 6 credits

    Smart Economy

    Module aim

    To provide theoretical and practical knowledge about the modern, smart economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

    Module description

    The main problems occurring in smart economy are analyzed, the possible solutions of these problems are discussed. The aim of this course is to enable students to analyse and evaluate the processes of economic transformation, structural changes in the economy; to identify and assess the impact of various factors on the modern market and; to critically assess current economic challenges and solutions; to analyse, select, justify a business model for the solutions proposed / to promote the development of responsible and sustainable business models.

  • VVVKM17299 3 credits

    Master Final Thesis 1

    Module aim

    To carry out the theoretical research necessary for the final thesis, to highlight the relevance of the topic and the object of the work, to formulate the scientific problem, the aim and objectives of the work, to carry out an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, theoretical part of the thesis in accordance with the thesis requirements.

    Module description

    During Master Thesis 1 discipline students choose the final thesis’ topic corresponding to Entrepreneurial Leadership specialization, raise scientific problem, objective, set the goal/aim and determine tasks, describe the location of research and research limitations, prepare an expanded plan of the research and conduct scientific literature review. The report of research work is prepared, in which research object, tasks, results of theoretical researches, their generalization and interpretation are submitted.

Specialization: Aviation Management
obligatory
  • VVVKM17285 9 credits

    Management of Airports, Airline Companies and Navigation Enterprises (with course project)

    Module aim

    To assimilate principles of management and to develop ability of solving airports, airlines and air navigation companies management while using complex measures from various management methods and to write a scientific essay.

    Module description

    Management of airports, air and air navigation companies course analyze management limits systemizing characteristics of airports, airlines and air navigation companies. Modern management essence is disclosed, actual principles of management and other management methodologies are given. Environmental impact for airports, airlines and air navigation companies is analyzed while concentrating on aviation legislating organizations. Management decision and approval stages, procedures and tasks are analyzed in long and short run. Work force, financial resource, organizational and informational supply chain is examined; effective use, distribution and development of resources in aviation sector is studied.

  • VVVKM24208 6 credits

    Strategic Management

    Module aim

    STo provide a theoretical background of strategic management and comprehensive understanding of the strategic management process. To provide the knowledge and develop skills to apply strategic analyticall tools, which would help to make efective decisions and implement successful actions. To develop practical skills of strategic management.

    Module description

    Strategic management course discusses implications of strategic management, business strategy, sources of competitive advantage, relationships between organization and competitive advantage, industry analysis, competition and market niches, competition in concentrated markets, entry in the market and competitive advantage, value creation in value chain, strategic management in changing environment, globalization and strategy, corporation strategy, strategy development process. Taking into consideration the peculiarities of contemporary strategies and analyzing international experience of organizations, the students are acquainted with the main models and tools of strategic management; the role of leadership is discussed; the factors impacting strategy are revealed; the problems and the means how to overcome these problems in order to successfully implement strategy are discussed.

  • VVEIM24102 6 credits

    Smart Economy

    Module aim

    To provide theoretical and practical knowledge about the modern, smart economies, to develop a modern understanding about the application of this knowledge, as well as about the scientific cognition and research on the problems and phenomena of economic development.

    Module description

    The main problems occurring in smart economy are analyzed, the possible solutions of these problems are discussed. The aim of this course is to enable students to analyse and evaluate the processes of economic transformation, structural changes in the economy; to identify and assess the impact of various factors on the modern market and; to critically assess current economic challenges and solutions; to analyse, select, justify a business model for the solutions proposed / to promote the development of responsible and sustainable business models.

  • VVVKM17298 3 credits

    Master Final Thesis 1

    Module aim

    To carry out the theoretical research necessary for the final thesis, to highlight the relevance of the topic and the object of the work, to formulate the scientific problem, the aim and objectives of the work, to carry out an analysis of the scientific literature on the chosen topic of the final thesis. Prepare the content, introduction, theoretical part of the thesis in accordance with the thesis requirements.

    Module description

    During Master Thesis 1 discipline students choose the final thesis’ topic corresponding to Aviation Management specialization, raise scientific problem, objective, set the goal/aim and determine tasks, describe the location of research and research limitations, prepare an expanded plan of the research and conduct scientific literature review. The report of research work is prepared, in which research object, tasks, results of theoretical researches, their generalization and interpretation are submitted.

Specialization: E-Business Management
one of the following
  • VVFRM17107 6 credits

    Management Accounting

    Module aim

    To prepare professionals who are able to classify and account for the cost of production, to calculate production cost of different calculation methods, to analyze the costs of production and management systems, to use cost-volume-profit analysis
    methods and limit analysis theory.

    Module description

    Management accounting course examines the accounting information management system, the management accounting and the essence of relations with other types of accounting, management system development and application of cost classification and accounting. Students are introduced to the production cost calculation methods, cost analysis and management systems, cost-volume-profit analysis methods and their use, limit analysis theory and practical usage, budgets and estimates of management accounting information.

  • VVTEM17100 6 credits

    Business Law

    Module aim

    The aim of the course is to analyze and evaluate regulation of business relations.

    Module description

    Business Law is a branch of Civil Law, which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity,
    Reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition Law and legal regulation of EU Company Law.

Specialization: Smart Industry Management
one of the following
  • VVFRM17107 6 credits

    Management Accounting

    Module aim

    To prepare professionals who are able to classify and account for the cost of production, to calculate production cost of different calculation methods, to analyze the costs of production and management systems, to use cost-volume-profit analysis
    methods and limit analysis theory.

    Module description

    Management accounting course examines the accounting information management system, the management accounting and the essence of relations with other types of accounting, management system development and application of cost classification and accounting. Students are introduced to the production cost calculation methods, cost analysis and management systems, cost-volume-profit analysis methods and their use, limit analysis theory and practical usage, budgets and estimates of management accounting information.

  • VVTEM17100 6 credits

    Business Law

    Module aim

    The aim of the course is to analyze and evaluate regulation of business relations.

    Module description

    Business Law is a branch of Civil Law, which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity,
    Reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition Law and legal regulation of EU Company Law.

Specialization: Innovation Management
one of the following
  • VVFRM17107 6 credits

    Management Accounting

    Module aim

    To prepare professionals who are able to classify and account for the cost of production, to calculate production cost of different calculation methods, to analyze the costs of production and management systems, to use cost-volume-profit analysis
    methods and limit analysis theory.

    Module description

    Management accounting course examines the accounting information management system, the management accounting and the essence of relations with other types of accounting, management system development and application of cost classification and accounting. Students are introduced to the production cost calculation methods, cost analysis and management systems, cost-volume-profit analysis methods and their use, limit analysis theory and practical usage, budgets and estimates of management accounting information.

  • VVTEM17100 6 credits

    Business Law

    Module aim

    The aim of the course is to analyze and evaluate regulation of business relations.

    Module description

    Business Law is a branch of Civil Law, which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity,
    Reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition Law and legal regulation of EU Company Law.

Specialization: Business Projection
one of the following
  • VVFRM17107 6 credits

    Management Accounting

    Module aim

    To prepare professionals who are able to classify and account for the cost of production, to calculate production cost of different calculation methods, to analyze the costs of production and management systems, to use cost-volume-profit analysis
    methods and limit analysis theory.

    Module description

    Management accounting course examines the accounting information management system, the management accounting and the essence of relations with other types of accounting, management system development and application of cost classification and accounting. Students are introduced to the production cost calculation methods, cost analysis and management systems, cost-volume-profit analysis methods and their use, limit analysis theory and practical usage, budgets and estimates of management accounting information.

  • VVTEM17100 6 credits

    Business Law

    Module aim

    The aim of the course is to analyze and evaluate regulation of business relations.

    Module description

    Business Law is a branch of Civil Law, which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity,
    Reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition Law and legal regulation of EU Company Law.

Specialization: Business Leadership
one of the following
  • VVFRM17107 6 credits

    Management Accounting

    Module aim

    To prepare professionals who are able to classify and account for the cost of production, to calculate production cost of different calculation methods, to analyze the costs of production and management systems, to use cost-volume-profit analysis
    methods and limit analysis theory.

    Module description

    Management accounting course examines the accounting information management system, the management accounting and the essence of relations with other types of accounting, management system development and application of cost classification and accounting. Students are introduced to the production cost calculation methods, cost analysis and management systems, cost-volume-profit analysis methods and their use, limit analysis theory and practical usage, budgets and estimates of management accounting information.

  • VVTEM17100 6 credits

    Business Law

    Module aim

    The aim of the course is to analyze and evaluate regulation of business relations.

    Module description

    Business Law is a branch of Civil Law, which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity,
    Reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition Law and legal regulation of EU Company Law.

Specialization: Aviation Management
one of the following
  • AISVM17103 6 credits

    Flight Safety

    Module aim

    To familiarize students to international, EASA and national safety management requirements and recommendations for flight operators, aircraft maintenance organization, aerodrome operators, training organizations and air traffic control services providers. To introduce safety management principles, goals and applications to assure safety in aviation.

    Module description

    Aviation specialists are introduced to safety assurance and management in the aviation industry, acceptable international and national requirements and recommendations.
    Students must attend at least 60% of the time scheduled practical lectures.
    Students must attend at least 80% of the time scheduled laboratory work.

  • VVFRM17107 6 credits

    Management Accounting

    Module aim

    To prepare professionals who are able to classify and account for the cost of production, to calculate production cost of different calculation methods, to analyze the costs of production and management systems, to use cost-volume-profit analysis
    methods and limit analysis theory.

    Module description

    Management accounting course examines the accounting information management system, the management accounting and the essence of relations with other types of accounting, management system development and application of cost classification and accounting. Students are introduced to the production cost calculation methods, cost analysis and management systems, cost-volume-profit analysis methods and their use, limit analysis theory and practical usage, budgets and estimates of management accounting information.

  • VVTEM17100 6 credits

    Business Law

    Module aim

    The aim of the course is to analyze and evaluate regulation of business relations.

    Module description

    Business Law is a branch of Civil Law, which regulates relations settled in business. This course introduces students to fundamentals of Law, analyzes subjects of business Law and their legal aspects as well as establishment, activity,
    Reorganization, liquidation, monopolistic activities of companies and main features of antimonopolistic Law. The course also introduces main aspects of Competition Law and legal regulation of EU Company Law.

2 Semester

Specialization: E-Business Management
obligatory
  • VVVKM17227 9 credits

    E-Marketing (with course project)

    Module aim

    To give knowledge about e. marketing, solutions concerning e. marketing planning and organizing, provide abilities to evaluate e. marketing processes and to form decisions for e. marketing development in the information age.

    Module description

    Course of e-marketing presents: web marketing tools, technologies, specifics, web marketing strategy formation principles, e-consumer behavior models and segmentation principles, quality of internet marketing solutions evaluation methods, internet marketing plan, market research options, ethical issues of internet marketing.

  • VVEIM17346 6 credits

    Engineering Economics

    Module aim

    The main aim of module is to introduce master degree students with engineering solutions to the economic evaluation, developing the ability to use financial-economic performance criteria performance of engineering analysis and apply this knowledge in practice.

    Module description

    This course is for students which know the basic economic and financial program, so here are formulated problematic, dependent of the current technological developments questions: Is the new technological wave compatible with the current economic rules of the game? Does getting larger and long-term investment requiring technological modernization and unprecedented pace of growth in productive efficiency does not interfere with traditional market mechanisms? Trying to answer similar questions we must to access the main economic technical systems description models. Accounting principles and financial mathematics, alternative comparison theory creates economic analysis assumptions. These theories finding, counting and derived economic criteria in drawing up technical investment, industrial property renovation, depreciation methods of analysis and capital formation principles.
    Students must attend at least 60 % of the time scheduled exercises.

  • VVTVM17252 6 credits

    Training Practice

    Module aim

    Task of practices is to implement theoretical knowledge into practice, evaluate and understand the information business process management, summarize the results of the evaluation of information business processes in their practice, and develop reasonable solutions to improve information processes.

    Module description

    Practice is an integral part of the study process and combines theoretical knowledge of business management and information business management course in the business information problems solving. The practice can be carried out at Lithuanian or foreign companies. During practice, students are introduced to the firm’s information business management processes and developing general skills in subject areas and specific subject knowledge.

  • VVTVM17253 3 credits

    Master Final Thesis 2

    Module aim

    To create capacities for actual scientific researches of management problems in professional area important to economy, using modern knowledge of management science and e-business.

    Module description

    During the course Master Thesis 2 the analysis of scientific, methodological, normative and other information sources, corresponding to topic of aviation management, is conducted and the research methodology (the application of quantitative and qualitative data collection and processing methods and the use of relevant computer programmes for solving scientific problem) is prepared. The report of Final Master Thesis 2, which includes the revised Introduction of Final Master Thesis, summarized results of theoretical analysis, the description of research methodology, and conclusions of both theoretical and methodical parts, is developed.

Specialization: Smart Industry Management
obligatory
  • VVTVM24206 9 credits

    Industry Digitization

    Module aim

    To develop theoretical knowledge of industrial digitization and an understanding of industrial digital transformation management processes. To highlight knowledge and skills that help top-level managers make effective decisions and implement successful actions.

    Module description

    The Industrial Digitalization course examines the specifics of managing the digital transformation of manufacturing companies, related technological solutions, aspects of sustainability, security, risk and change management. Taking into account the modern features of strategic development and analyzing relevant experience, students are introduced to the main methods and models of digitalization of manufacturing companies, the implementation of strategic development, and the change of business models is discussed.

  • VVTVM24207 6 credits

    Smart Business Systems Modeling

    Module aim

    To be able to use the knowledge (which is obtained in the process of studying) in practice, to understand and evaluate the organizations production management process aspects, to make decisions of production organization and management, enabling to apply anticritical evaluation means, to summarize the organizations production management process evaluation results in the practice report, as well as to make decision based on the production management process improvement and implement strategies i

    Module description

    Practice is a study process component that is provided in the specialization of study program. It combines theoretical knowledge (acquired learning engineering economics and management, production management specialization subjects) in dealing with production management problems. The practice is carried out in Lithuanian and foreign organizations. During the practice the postgraduates get acquainted with the processes of production and management in the organization, get practical skills in applying modern production management theories while systematically analyzing and solving the tasks related to the improvement of efficiency in the area of production process management.

  • VVEIM24202 6 credits

    Research Methods

    Module aim

    To apply knowledge of business and management to form, evaluate and make independently with systemic, critical and
    constructive thinking effective business management decisions, based on scientific argumentation under uncertainty
    conditions, assimilate scientific provisions of quantitative and qualitative recognition and interaction efficiency and their
    dependence on variety of conditions, to be ready for self-improvement through lifelong learning.

    Module description

    The research methods course examines the concept of business research, stages of business research, principles of planning and organizing research work, quantitative and qualitative research methods, data collection and processing methods, principles of preparing reports using business research methods, and preparing a scientific article.
    Students must attend at least 60 percent of the exercises during the scheduled time.

  • VVTVM17124 3 credits

    Master Final Thesis 2

    Module aim

    To summarise the advanced theoretical and practical knowledge of Production Management acquired in the course of previous studies and, based on this knowledge, to solve a relevant problem in the field of Production Management.

    Module description

    In the Master Graduation Thesis 2 is accomplished the analysis of scientific, methodological, normative and other informative sources, research methodology (the use of methods of quantitative and qualitative data selection and processing and use of computer programmes adequate for problem solving) is prepared. The Master’s thesis is prepared, which contains a revised introduction, summarises the results of the theoretical analysis, describes the methodology of the research, and formulates the conclusions of the theoretical and methodological part of the thesis. The thesis must be completed in accordance with the requirements of the thesis and presented to the committee.

Specialization: Innovation Management
obligatory
  • VVTVM17037 9 credits

    Innovation Planning and Marketing (with course project)

    Module aim

    To acquire necessary theoretical and practical knowledge in area of innovation design for self-contained academical and practical work, to use these knowledge in the innovation activities.

    Module description

    Innovation planning processes, their structure, innovation planning methods and models, as well as innovation planning and innovation strategies are analyzed in the studies of this course. Social, economic, technical, technological, ecological and other innovations planning, innovation planning in the enterprise, institution and in the state are analyzed in details, partnership and cooperation between various subjects in the innovation process is described. Industrial innovation projects and plans, institutions and organizations, responsible for innovation planning, innovation activities and innovations realization are characterized in details, especialy – innovation centres, business incubators, science and technology parks, their functions in the innovation planning processes. Strategies planning of these institutions and organizations development is described, international innovation projects, international innovation and technology transfer processes are characterized.

  • VVEIM17346 6 credits

    Engineering Economics

    Module aim

    The main aim of module is to introduce master degree students with engineering solutions to the economic evaluation, developing the ability to use financial-economic performance criteria performance of engineering analysis and apply this knowledge in practice.

    Module description

    This course is for students which know the basic economic and financial program, so here are formulated problematic, dependent of the current technological developments questions: Is the new technological wave compatible with the current economic rules of the game? Does getting larger and long-term investment requiring technological modernization and unprecedented pace of growth in productive efficiency does not interfere with traditional market mechanisms? Trying to answer similar questions we must to access the main economic technical systems description models. Accounting principles and financial mathematics, alternative comparison theory creates economic analysis assumptions. These theories finding, counting and derived economic criteria in drawing up technical investment, industrial property renovation, depreciation methods of analysis and capital formation principles.
    Students must attend at least 60 % of the time scheduled exercises.

  • VVTVM17041 6 credits

    Training Practice

    Module aim

    The objective of practice is the implementation of theoretical knowledge in practical conditions, understanding and evaluation of innovation management processes inside the organization, summarizing the results of innovation management evaluation in a form of intership report and develop the practically based proposals for further improvement of innovation management process.

    Module description

    Practice is a component of the Innovation Management specialization program in the study process and combines various knowledge of engineering economics and management, as well as theoretical knowledge of Innovation Management specialization subject, dealing with practical Innovation Management issues.
    Practice is being provided by Lithuanian and foreign organizations. The master gets acquaintance with innovation management processes in the organization and gains practical skills and skills in using modern innovation management theories, systematically analyzing and solving the problems, meeting the challenges of innovation management process efficiency improvements.

  • VVTVM17043 3 credits

    Master Final Thesis 2

    Module aim

    To create capacities for actual scientific researches of management problems in professional area important to economy, using modern knowledge of management science and innovation.

    Module description

    The Master Graduation Thesis 2 was performing analysed scientific, methodological, normative and other information sources, reasoning of topics relevance and generalization of main methodological decisions, establishing needed to solve problems and guidelines for decisions, preparing of researching methodology (the use of methods of quantitative and qualitative data selection and processing and use of computer programmes adequate for solving problem), results of empirical researches, their generalization and interpretation is submitted, results of empirical researches are presented, their generalization is submitted. In cooperation with the supervisor of the thesis, a scientific article for the Conference of Young Researchers is prepared.

Specialization: Business Projection
obligatory
  • VVTVM24208 9 credits

    Integrated Management of Business Intelligence, Innovations and High Technologies

    Module aim

    The main aim of the course is to provide students with the ability to form the demand management alternatives of projected business, to apply value and risk integrated management models and methods, in order to prepare integrated projects of business intelligence, innovations and hightechnologies management based on development sustainably principles.

    Module description

    In the course is analyzing knowledge, innovation and technology integration fostering business intelligent. Are evaluated business aims and are formed rational resources allocation principles using the concept of business intelligence. With the help of this scheme and concept, are analyzed countrys universal sustainable development management problems.

  • VVTVM24203 6 credits

    Change Management

    Module aim

    To provide a theoretical background of organizational change management and comprehensive understanding of the organizational change management process. To highlight the knowledge, skills, and resources that will most assist the managers in making effective decisions and undertaking successful actions. To develop practical skills of organizational change management.

    Module description

    Taking into account the peculiarities of contemporary organizational change management of organizations and analyzing international business experience, the students are acquainted with the main models and tools of organizational change management; the role of leadership is discussed; the problems of resistance to organizational change are highlighted; the tools which allow to overcome these problems and successfully implement business strategy are presented.

  • VVEIM24202 6 credits

    Research Methods

    Module aim

    To apply knowledge of business and management to form, evaluate and make independently with systemic, critical and
    constructive thinking effective business management decisions, based on scientific argumentation under uncertainty
    conditions, assimilate scientific provisions of quantitative and qualitative recognition and interaction efficiency and their
    dependence on variety of conditions, to be ready for self-improvement through lifelong learning.

    Module description

    The research methods course examines the concept of business research, stages of business research, principles of planning and organizing research work, quantitative and qualitative research methods, data collection and processing methods, principles of preparing reports using business research methods, and preparing a scientific article.
    Students must attend at least 60 percent of the exercises during the scheduled time.

  • VVTVM17288 3 credits

    Master Final Thesis 2

    Module aim

    To summarise the advanced theoretical and practical knowledge of Business Projection acquired in the course of previous studies and, based on this knowledge, to solve a relevant problem in the field of Business Projection.

    Module description

    In the Master Graduation Thesis 2 is accomplished the analysis of scientific, methodological, normative and other informative sources, research methodology (the use of methods of quantitative and qualitative data selection and processing and use of computer programmes adequate for problem solving) is prepared. The Master’s thesis is prepared, which contains a revised introduction, summarises the results of the theoretical analysis, describes the methodology of the research, and formulates the conclusions of the theoretical and methodological part of the thesis. The thesis must be completed in accordance with the requirements of the thesis and presented to the committee.

Specialization: Business Leadership
obligatory
  • VVVKM24204 9 credits

    Learning Organization

    Module aim

    To get theoretical knowledge of the Learning organization, its methodological principles, to develop skills of applying theoretical knowledge in practice, allowing to identify conditions and motives for Learning organization, to assess the development of Learning organization and it’s economic benefits, to choose models of renewal the learning process in various levels of the organization, to encourage innovative processes.

    Module description

    Subject of Learning organization examines the concept of the learning organization, its importance in business and management processes and decision-making, disclosed a learning organization attributes and properties and methods of how to determine whether an organization is learning. Also analyzes issues favorable for the development of a learning environment: recognition of differences, feedback ensuring the promotion of new ideas and recognition of errors. Analysis of the learning process: information acquisition, evaluation and application stages. Much attention is paid to the analysis of learning methods: exploration, research, monitoring, practical learning, reflection, experimentation. This will enable students to understand the basic principles of Learning organization, mastering the techniques specificity and understanding necessity of systematic methods for Learning organization’s management.

  • VVVKM24206 6 credits

    Negotiation Management

    Module aim

    To develop students’ theoretical knowledge of the negotiation framework and to develop practical skills in the application of this knowledge.

    Module description

    Subject of Development organizations negotiation potential contains various negotiation concepts, sets out theoretical and practical knowledge that enables the students at master level mastering the negotiation strategies, methods of reasoning and opposing, methods of counterarguments and representing the organization, forming the bargaining team and organizing its activities.

  • VVEIM24202 6 credits

    Research Methods

    Module aim

    To apply knowledge of business and management to form, evaluate and make independently with systemic, critical and
    constructive thinking effective business management decisions, based on scientific argumentation under uncertainty
    conditions, assimilate scientific provisions of quantitative and qualitative recognition and interaction efficiency and their
    dependence on variety of conditions, to be ready for self-improvement through lifelong learning.

    Module description

    The research methods course examines the concept of business research, stages of business research, principles of planning and organizing research work, quantitative and qualitative research methods, data collection and processing methods, principles of preparing reports using business research methods, and preparing a scientific article.
    Students must attend at least 60 percent of the exercises during the scheduled time.

  • VVVKM17295 3 credits

    Master Final Thesis 2

    Module aim

    To develop the ability to independently conduct scientific research on management problems in the professional field, relevant to the economy by applying the latest knowledge of management and business leadership sciences.

    Module description

    During the course Master Thesis 2 the analysis of scientific, methodological, normative and other information sources, corresponding to topic of business leadership, is conducted and the research methodology (the application of quantitative and qualitative data collection and processing methods and the use of relevant computer programmes for solving scientific problem) is prepared. The report of Final Master Thesis 2, which includes the revised Introduction of Final Master Thesis, summarized results of theoretical analysis, the description of research methodology, and conclusions of both theoretical and methodical parts, is developed.

Specialization: Aviation Management
obligatory
  • TILTM24252 9 credits

    Logistics in Aviation

    Module aim

    To prepare highly skilled masters in management in assimilating the logistics measures in the aviation business and the importance of logistics in aviation, as well as the assessment of the changing business environment and its specifics.

    Module description

    In the course “Logistics in aviation” are given essential principles of the logistics system development and application in the aviation business. The logistics methods and solutions are evaluated also. Students are introduced to the basic principles and concepts of logistics. Widely introduces how logistics are applied in aviation – the development of supplying systems, the formation of material and information flow control systems. The course analyzes the logistics customer service and its application to the aviation business specifics, inventory management, information systems, and the role of global aviation logistics.

  • VVVKM24203 6 credits

    Sustainable Management and Innovations of Airports, Airlines and Air Navigation Companies

    Module aim

    To assimilate principles of management and to develop ability of solving airports, airlines and air navigation companies management while using complex measures from various management methods and to write a scientific essay.

    Module description

    Management of airports, air and air navigation companies course analyze management limits systemizing characteristics of airports, airlines and air navigation companies. Modern management essence is disclosed, actual principles of management and other management methodologies are given. Environmental impact for airports, airlines and air navigation companies is analyzed while concentrating on aviation legislating organizations. Management decision and approval stages, procedures and tasks are analyzed in long and short run. Work force, financial resource, organizational and informational supply chain is examined; effective use, distribution and development of resources in aviation sector is studied.

  • VVEIM24202 6 credits

    Research Methods

    Module aim

    To apply knowledge of business and management to form, evaluate and make independently with systemic, critical and
    constructive thinking effective business management decisions, based on scientific argumentation under uncertainty
    conditions, assimilate scientific provisions of quantitative and qualitative recognition and interaction efficiency and their
    dependence on variety of conditions, to be ready for self-improvement through lifelong learning.

    Module description

    The research methods course examines the concept of business research, stages of business research, principles of planning and organizing research work, quantitative and qualitative research methods, data collection and processing methods, principles of preparing reports using business research methods, and preparing a scientific article.
    Students must attend at least 60 percent of the exercises during the scheduled time.

  • VVVKM17296 3 credits

    Master Final Thesis 2

    Module aim

    To develop the ability to independently conduct scientific research on management problems in the professional field, relevant to the economy by applying the latest knowledge of management and aviation sciences.

    Module description

    During the course Master Thesis 2 the analysis of scientific, methodological, normative and other information sources, corresponding to topic of aviation management, is conducted and the research methodology (the application of quantitative and qualitative data collection and processing methods and the use of relevant computer programmes for solving scientific problem) is prepared. The report of Final Master Thesis 2, which includes the revised Introduction of Final Master Thesis, summarized results of theoretical analysis, the description of research methodology, and conclusions of both theoretical and methodical parts, is developed.

Specialization: E-Business Management
one of the following
  • VVVKM17054 6 credits

    Marketing

    Module aim

    Acquire theoretical knowledge and practical skills in marketing strategy, to get abilities to use these knowledge and skills in the scientific research and in marketing practice.

    Module description

    Marketing as the complex system of strategic decisions is described during the studies of this course. Marketing strategy creation and realization principles and methods, cases of marketing strategies creation and realization, diversity of them are characterized in details. Product marketing strategy, enterprise marketing strategy, institution and organization marketing strategy, international marketing strategies are described and analyzed in details. International competition as most important factor of decision making in the process of international strategy creation is defined and charakterized, many factors of market development, products development, technological changes, human resource development, as the basic factors of the decisions making and strategic solutions in the system of marketing are defined . Theoretical models and positive practical experiences of the marketing strategies creation are described in details.

  • VVVKM17108 6 credits

    Strategic Management

    Module aim

    STo provide a theoretical background of strategic management and comprehensive understanding of the strategic management process. To provide the knowledge and develop skills to apply strategic analyticall tools, which would help to make efective decisions and implement successful actions. To develop practical skills of strategic management.

    Module description

    Strategic management course discusses implications of strategic management, business strategy, sources of competitive advantage, relationships between organization and competitive advantage, industry analysis, competition and market niches, competition in concentrated markets, entry in the market and competitive advantage, value creation in value chain, strategic management in changing environment, globalization and strategy, corporation strategy, strategy development process. Taking into consideration the peculiarities of contemporary strategies and analyzing international experience of organizations, the students are acquainted with the main models and tools of strategic management; the role of leadership is discussed; the factors impacting strategy are revealed; the problems and the means how to overcome these problems in order to successfully implement strategy are discussed.

Specialization: Smart Industry Management
one of the following
  • VVVKM24207 6 credits

    Smart Product Creation and Marketing

    Module aim

    Acquire theoretical knowledge and practical skills in marketing strategy, to get abilities to use these knowledge and skills in the scientific research and in marketing practice.

    Module description

    Marketing as the complex system of strategic decisions is described during the studies of this course. Marketing strategy creation and realization principles and methods, cases of marketing strategies creation and realization, diversity of them are characterized in details. Product marketing strategy, enterprise marketing strategy, institution and organization marketing strategy, international marketing strategies are described and analyzed in details. International competition as most important factor of decision making in the process of international strategy creation is defined and charakterized, many factors of market development, products development, technological changes, human resource development, as the basic factors of the decisions making and strategic solutions in the system of marketing are defined . Theoretical models and positive practical experiences of the marketing strategies creation are described in details.

  • VVVKM24209 6 credits

    Human Resource Management

    Module aim

    To form theoretical understanding of human resources management and to train to practically apply these skills

    Module description

    The main of concepts of human resources management, the significance of the strategic human resource management in the context of the organization, the main preconditions of human resources management system organization and management are presented in the course of human resources management.

Specialization: Innovation Management
one of the following
  • VVVKM17054 6 credits

    Marketing

    Module aim

    Acquire theoretical knowledge and practical skills in marketing strategy, to get abilities to use these knowledge and skills in the scientific research and in marketing practice.

    Module description

    Marketing as the complex system of strategic decisions is described during the studies of this course. Marketing strategy creation and realization principles and methods, cases of marketing strategies creation and realization, diversity of them are characterized in details. Product marketing strategy, enterprise marketing strategy, institution and organization marketing strategy, international marketing strategies are described and analyzed in details. International competition as most important factor of decision making in the process of international strategy creation is defined and charakterized, many factors of market development, products development, technological changes, human resource development, as the basic factors of the decisions making and strategic solutions in the system of marketing are defined . Theoretical models and positive practical experiences of the marketing strategies creation are described in details.

  • VVVKM17108 6 credits

    Strategic Management

    Module aim

    STo provide a theoretical background of strategic management and comprehensive understanding of the strategic management process. To provide the knowledge and develop skills to apply strategic analyticall tools, which would help to make efective decisions and implement successful actions. To develop practical skills of strategic management.

    Module description

    Strategic management course discusses implications of strategic management, business strategy, sources of competitive advantage, relationships between organization and competitive advantage, industry analysis, competition and market niches, competition in concentrated markets, entry in the market and competitive advantage, value creation in value chain, strategic management in changing environment, globalization and strategy, corporation strategy, strategy development process. Taking into consideration the peculiarities of contemporary strategies and analyzing international experience of organizations, the students are acquainted with the main models and tools of strategic management; the role of leadership is discussed; the factors impacting strategy are revealed; the problems and the means how to overcome these problems in order to successfully implement strategy are discussed.

Specialization: Business Projection
one of the following
  • VVVKM24207 6 credits

    Smart Product Creation and Marketing

    Module aim

    Acquire theoretical knowledge and practical skills in marketing strategy, to get abilities to use these knowledge and skills in the scientific research and in marketing practice.

    Module description

    Marketing as the complex system of strategic decisions is described during the studies of this course. Marketing strategy creation and realization principles and methods, cases of marketing strategies creation and realization, diversity of them are characterized in details. Product marketing strategy, enterprise marketing strategy, institution and organization marketing strategy, international marketing strategies are described and analyzed in details. International competition as most important factor of decision making in the process of international strategy creation is defined and charakterized, many factors of market development, products development, technological changes, human resource development, as the basic factors of the decisions making and strategic solutions in the system of marketing are defined . Theoretical models and positive practical experiences of the marketing strategies creation are described in details.

  • VVVKM24209 6 credits

    Human Resource Management

    Module aim

    To form theoretical understanding of human resources management and to train to practically apply these skills

    Module description

    The main of concepts of human resources management, the significance of the strategic human resource management in the context of the organization, the main preconditions of human resources management system organization and management are presented in the course of human resources management.

Specialization: Business Leadership
one of the following
  • VVVKM24207 6 credits

    Smart Product Creation and Marketing

    Module aim

    Acquire theoretical knowledge and practical skills in marketing strategy, to get abilities to use these knowledge and skills in the scientific research and in marketing practice.

    Module description

    Marketing as the complex system of strategic decisions is described during the studies of this course. Marketing strategy creation and realization principles and methods, cases of marketing strategies creation and realization, diversity of them are characterized in details. Product marketing strategy, enterprise marketing strategy, institution and organization marketing strategy, international marketing strategies are described and analyzed in details. International competition as most important factor of decision making in the process of international strategy creation is defined and charakterized, many factors of market development, products development, technological changes, human resource development, as the basic factors of the decisions making and strategic solutions in the system of marketing are defined . Theoretical models and positive practical experiences of the marketing strategies creation are described in details.

  • VVVKM24209 6 credits

    Human Resource Management

    Module aim

    To form theoretical understanding of human resources management and to train to practically apply these skills

    Module description

    The main of concepts of human resources management, the significance of the strategic human resource management in the context of the organization, the main preconditions of human resources management system organization and management are presented in the course of human resources management.

Specialization: Aviation Management
one of the following
  • VVVKM24207 6 credits

    Smart Product Creation and Marketing

    Module aim

    Acquire theoretical knowledge and practical skills in marketing strategy, to get abilities to use these knowledge and skills in the scientific research and in marketing practice.

    Module description

    Marketing as the complex system of strategic decisions is described during the studies of this course. Marketing strategy creation and realization principles and methods, cases of marketing strategies creation and realization, diversity of them are characterized in details. Product marketing strategy, enterprise marketing strategy, institution and organization marketing strategy, international marketing strategies are described and analyzed in details. International competition as most important factor of decision making in the process of international strategy creation is defined and charakterized, many factors of market development, products development, technological changes, human resource development, as the basic factors of the decisions making and strategic solutions in the system of marketing are defined . Theoretical models and positive practical experiences of the marketing strategies creation are described in details.

  • VVVKM24209 6 credits

    Human Resource Management

    Module aim

    To form theoretical understanding of human resources management and to train to practically apply these skills

    Module description

    The main of concepts of human resources management, the significance of the strategic human resource management in the context of the organization, the main preconditions of human resources management system organization and management are presented in the course of human resources management.

3 Semester

Specialization: E-Business Management
obligatory
  • VVTVM17251 24 credits

    Master Final Thesis

    Module aim

    To create capacities separately apply for actual scientific researches of management problems in professional area important to economy, using modern knowledge of management science and e-business.

    Module description

    The Master Graduation Thesis is started to prepare from the first semester and is preparing all study period. The master student is presenting the selected solving applying scientific problem in the graduation thesis. The Master Graduation Thesis contains the following requirements: the relevant topic of E-Business Management specialization, the significance of solving problem, generalization of scientific and professional literature for analysing topic, preparation of research methodology, use of best practice and modern instruments of research (methods, models, databases, applied programme packages), intellectual product creation, empirical verification of it’s eligibility, economic reasoning of decisions and efficiency evaluation, research results generalization.

  • VVTVM17151 6 credits

    E-Business Solutions (with course project)

    Module aim

    To give theoretical and practice knowledge about e. business, solutions concerning e. business planning and organizing, provide abilities to evaluate e. business processes and to make decisions for e. business development in the information age.

    Module description

    Course of e-business strategy analyses development of information and communication technologies, business changes caused by ICT, e-business issues, created value for organizations, evaluation methods of e-business solutions, aspects of strategic decisions of e-business.

Specialization: Smart Industry Management
obligatory
  • VVTVM17120 24 credits

    Master Final Thesis

    Module aim

    To summarise the theoretical and practical knowledge of Smart Industry Management acquired in the course of studies and, based on this knowledge, to solve a relevant problem related to Smart Industry Management and requiring solutions, and to complete a complex research in the field of Smart Industry Management.

    Module description

    Applied scientific problem for choice of master is solving in Master Thesis. Chosen theme must correspond with specialization of studies. Begining of Master Thesis is in the first session and is prepared all time of studies. The main requirements: relevance the topic of Smart Industry Management , importance of problem solving, generalization of scentific and professional literature on chosen topic, preparing of research methodology, using of progressive experience and modern research instruments (methods, models, database, applied programs), creation of intellectual product, reviewing of it’s empirical suitability, economical reasoning of decisions and assessment of their economical effectiveness, generalization of research issues.

  • VVTVM24305 6 credits

    High-Tech Business Process Management

    Module aim

    To deliver to the students theoretical and practical knowledge for self-sufficient academically and practical work in the area of high-tech business process management.

    Module description

    The course examines the concept and systematics of technology, technological cycles, strategic technology development, the concept of the high-tech sector, high-impact technologies, deep technologies, trends in innovation and development of the high-tech sector, scientific research and experimental development in the system of high-tech business processes, knowledge and technology transfer, intellectual property protection and management; high-tech development models, innovation design in the high-tech sector, networking in the development of high-tech businesses, technological startups, marketing and public relations in the development of the high-tech sector, STI policy trends in the EU and Lithuania, public support programs, measures and instruments.

Specialization: Innovation Management
obligatory
  • VVTVM17044 24 credits

    Master Final Thesis

    Module aim

    To create capacities separately apply for actual scientific researches of management problems in professional area important to economy, using modern knowledge of management science and innovation.

    Module description

    The Master Graduation Thesis is started to prepare from the first semester and is preparing all study period. The master student is presenting the selected solving applying scientific problem in the graduation thesis. The Master Graduation Thesis contains the following requirements: the relevant topic of Innovation Management specialization, the significance of solving problem, generalization of scientific and professional literature for analysing topic, preparation of research methodology, use of best practice and modern instruments of research (methods, models, databases, applied programme packages), intellectual product creation, empirical verification of it’s eligibility, economic reasoning of decisions and efficiency evaluation, research results generalization.

  • VVEIM17047 6 credits

    Economics and Management in the High Technology Sector (with course project)

    Module aim

    To provide the theoretical knowledge and to develop practical skills needed to economic and managerial activities in the high technologies sector, especially in various fields of the use and creation of high technologies. To write a scientific essay.
    In the scientific essay student: 1) clearly defines the main parameters of the research (scientific problem, object of the research, purpose and tasks, methods of their solution, the benefit of the results of the research)

    Module description

    This course is oriented to the comprehensive studies of the contemporary high technologies sector, its development tendencies, priorities and problems. The main attention is paid to the economy of this sector and to the processes of the high technologies sector’s management, as well as to the high technologies based economic development.
    The structure of the high technologies sector is characterized. Peculiarities of the high technologies sector and its economy are analyzed in detail. A logic of the high technologies sector’s development oriented strategic decisions making and economic justification for the strategic decisions is discussed, criteria and factors of the economic effeciency of the high technologies sector’s development are characterized. Management systems in the high technologies sector are described, the main attention is given to the innovation activities and innovation management in the high technologies sector. Interaction between scientific research, studi

Specialization: Business Projection
obligatory
  • VVTVM17290 24 credits

    Master Final Thesis

    Module aim

    To summarise the theoretical and practical knowledge of Business Projection acquired in the course of studies and, based on this knowledge, to solve a relevant problem related to Business Projection and requiring solutions, and to complete a complex research in the field of Business Projection.

    Module description

    The selected scientific problem in the Master Graduation Thesis is solving. The Master Graduation Thesis contains the following requirements: the relevant topic of Business Projection specialization, the significance of solving problem, generalization of scientific and professional literature for analysing topic, preparation of research methodology, use of best practice and modern instruments of research (methods, models, databases, applied programme packages), intellectual product creation, empirical verification of its eligibility, economic reasoning of decisions and efficiency evaluation, research results generalization.

  • VVTVM24302 6 credits

    Multifunctional Business Projects

    Module aim

    To provide theoretical, practical knowledge about multifunctional business projects and programmes, their management and assessment processes under uncertainty, to acknowledge students with computer programs intended for separate and whole project management spheres to provide knowledge on the principles of project team formation, peculiarities of project leader and manager selection, business project control and changes performance management, project risk evaluation and management methodology.

    Module description

    This subject analyses business projects and programmes as adequate form of multifunctional business creation and management form under uncertainty. The process of multifunctional business projects and programs management is analysed with regard to various methodologies; computer programs, applicable for project and programme management and evaluation tasks. Such management spheres of multifunctional business projects are analysed: project activity and scope determination and planning, project quality management, human resources management, communication management, risk management, project implementation control and regulation, changes management. Also is analysed the framework of enterprise multifunctional programme management, which includes such phases: project management, programme delivery management, strategic portfolio management, strategic management.

Specialization: Business Leadership
obligatory
  • VVVKM17292 24 credits

    Master Final Thesis

    Module aim

    To prepare high qualification business management masters of business leadership specialisation, who have the knowledge of modern business leadership and are able to apply them under business conditions, to pursue the analysis of business processes and develop the methods of knowledge management seeking to integrate the results to make effective business decisions, to form innovative enviro, to be able to apply skills for solution of relevant for economy management problems using modern knowledge of management science and leadership.

    Module description

    The Master Graduation Thesis is started to prepare from the first semester and is preparing all study period. The master student is presenting the selected solving applying scientific problem in the graduation thesis. The Master Graduation Thesis contains the following requirements: the relevant topic of Entrepreneurial Leadership specialization, the significance of solving problem, generalization of scientific and professional literature for analysing topic, preparation of research methodology, use of best practice and modern instruments of research (methods, models, databases, applied programme packages), intellectual product creation, empirical verification of it’s eligibility, economic reasoning of decisions and efficiency evaluation, research results generalization.

  • VVVKM24301 6 credits

    Leadership in Organizations

    Module aim

    To provide students with theoretical knowledge for understanding leadership in the organization, to develop the ability to conceptualize and solve issues related to leadership in the organization, independently select, analyse and synthesize research data and promote the disclose and realization of the leadership potential.

    Module description

    This course provides knowledge of leadership in organization and develops the skills to understand and describe the goals of leadership in organization, identify the leadership situation in organization, the impact of situations on leadership, leadership types and styles, be able to manage teams and work in management teams.

Specialization: Aviation Management
obligatory
  • VVVKM17293 24 credits

    Master Final Thesis

    Module aim

    To prepare high qualification business managemet masters of aviation management specialisation, who have the knowledge of modern aviation management and are able to apply them under business conditions, to pursue the analysis of aviation management processes and develop the methods of knowledge management seeking to integrate the results to make effective business decisions, to form innovative environment, also to implement aviation management systems committed to increase the efficiency of multi-level business under global competition, to have capacities for individual scientific researches of management problems in professional area important to economy, using modern knowledge of management and aviation sciences.

    Module description

    The Master Graduation Thesis is started to prepare from the first semester and is preparing all study period. The master student is presenting the selected solving applying scientific problem in the graduation thesis. The Master Graduation Thesis contains the following requirements: the relevant topic of Aviation management specialization, the significance of solving problem, generalization of scientific and professional literature for analysing topic, preparation of research methodology, use of best practice and modern instruments of research (methods, models, databases, applied programme packages), intellectual product creation, empirical verification of it’s eligibility, economic reasoning of decisions and efficiency evaluation, research results generalization.

  • AISVM24301 6 credits

    Aviation Law

    Module aim

    To acquire knowledge of aviation law, and an understanding of mutual legal relations and develop skills in professional activities for aviation applicable laws, regulations and conventions.

    Module description

    Aviation law course covers international, EU and national air law rights and other air legislation. Students are introduced with the ICAO, IATA, ECAC, JAA, EASA, Eurocontrol organisations an their activities. Course covers international conventions, and EU aviation regulations and national aviation laws including EASA requirements for air companies and other aviation organizations.
    Students must attend at least 60% of the time scheduled practical lectures.

Statistics

Metric Value
Enrolled students 31
Enrolled to FT 28
Min FT grade 7.63
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