Master of Business Administration

BUSINESS ADMINISTRATION (MBA) 

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

This is a master study programme (Technology Entrepreneurship and Innovation module) of the double diploma implemented together with University of Montpellier (France).

Students have a possibility to take a visit to the University of Motpellier for  one semester and, upon collecting less than 45 per cent of credits after finishing the studies, to be awarded diplomas of the master‘s qualification degree of both universities.

Prevailing trends in the work environment demonstrate significant changes in the labor market. Automation and an increasing share of non-standard forms of employment raise new challenges for both employees and employers. Meanwhile, the polarization of the labor market has been increasing in the OECD countries. According to the European Center for the Development of Vocational Training (Cedefop), the need for replacement remains in the group of administrative and commercial managers in sectors such as accommodation and catering, education, legal and financial accounting. In addition, the need to replace production and specialized service managers has been observed in insurance, telecommunications, transportation, and other sectors.

Cooperation, communication, teamwork skills, data evaluation and analysis skills, continuous and independent learning, analytical thinking skills, interdisciplinary thinking, problem solving skills are the most significant for managers in various industries (e.g., food, chemistry, furniture, wood, machinery and equipment, etc.). Therefore, companies are seeking to recruit executives and senior managers who demonstrate strategic knowledge of business analysis and transformational leadership skills required for the evaluation of business management processes, the development of human resource management strategies, the development of new technologies and services, finance and investment, and the projection of economic decisions.

The aim of the Master of Business Administration (MBA) programme is to prepare masters of business administration who are able to creatively apply the latest knowledge of management science and business management, know how to create and manage modern business organizations, systematically analyse and solve practical business issues by using the latest technology-based business and environmental research methods, make innovative management decisions and identify their potential impact on the environment, and be prepared for self-improvement through lifelong learning.

The MBA programme focuses on the development of competencies required for the creation, management, and development of businesses in strategically important industries. The MBA programme integrates general management concepts and experiential learning approaches based on business practices, allowing students to evaluate business management processes related to human resource management strategies, development of new technological products and services, finance and investment, and economic business decision engineering. Students have a unique opportunity to develop their decision-making skills and expand their competencies by selecting alternative study modules, creating conditions to increase knowledge and develop skills relevant for professional activity.

The Technology Entrepreneurship and Innovation module is developed for those students who want to be able to see the benefits of technology, establish and manage start-ups, and be able to anticipate the future and role of technology in business, society, and personal life.

The Human Resource Management module is developed for those students who want to develop human resource management policies, strategies, and shape innovative employee behavior required to improve the organization's response to rapidly changing environmental conditions, ensure business continuity, competitiveness, and sustainable performance.

The Business Finance for Executives module is developed for those students who seek to create company budgets, perform financial analysis and forecasting, and make financial decisions under conditions of risk and uncertainty.

The Business Economic Decisions Engineering module is developed for those students who seek to apply economic knowledge to the analysis of sustainable business development and the economic behavior of organizations and conduct empirical research on economic solutions.

Students who have chosen one of the alternative modules will conduct practical research in Lithuanian and foreign organizations during the final subject of the MBA program for the purpose to solve real business problems in organizations. The outcome of these practical studies is a complex project and its public defense with the participation of business specialists and consultants from various fields.

Knowledge and its application:
Students will have knowledge of modern management theories and methods, organizational behaviour, leadership, change, and strategic business analysis, which will be able to apply in assessing business management processes, solving human resource management, innovation and technological entrepreneurship, business finance, business economic decisions, engineering management problems, and objectives in a changing business environment.

Research skills:
Students will be able to analyse, systematize, and evaluate the information required for business management decision-making from various data sources, will be able to critically evaluate business management development ideas, formulate arguments and assumptions for business management solution alternatives, applying quantitative and qualitative, technology-based methods, to conduct the researches of selected business problems case studies and interpret the results from the interdisciplinary perspective.

Special skills:
Students will be able to apply a systematic approach to analysing, evaluating, and modelling human resource management strategies, solve non-routine human resource management objectives in the context of uncertainty, integrate subject knowledge in evaluating and developing new measures needed for effective human resource management decision making and research.

Students will be able to systematically analyse and evaluate business innovation processes, using the latest technologies to model innovation processes, create technological start-ups, organize and manage technology transfer processes, apply subject knowledge under uncertainty in forming strategic decisions needed to create, disseminate, and apply innovations in organizations.

Students will be able to systematically analyse and evaluate business financial statements, calculate absolute and relative indicators and interpret their results, critically evaluate and forecast the benefits of business investments, model business continuity scenarios, applying the latest technologies, assessing business financial and operational risks and their management means, and accept sound financial management decisions.

Students will be able to solve the objectives of sustainable business development in the modern economy, applying decision economic forecasting, computer simulation models to evaluate business alternatives; to analyse the economic indicators of the industry, enterprise, or their group, applying the knowledge based on the macroeconomic and microeconomic behaviour of business entities, economic fluctuations, and business cyclicality; to design economic research; to apply statistical and mathematical research methods for the economic justification of a business idea.

Social skills:
Students will be able to communicate fluently in writing and orally with business representatives and other stakeholders, discuss relevant issues of business development and management practices, including presentation of ideas, preparation of business reports, consulting, and experts’ evaluation; will be able to plan, organize, and carry out work individually and in groups, evaluate the effectiveness of group work, analyze the principles of group formation, delegation, and coordination of tasks, will be guided by professional ethics and citizenship.

Personal skills:
Students will be able to independently make management decisions under conditions of complexity and uncertainty, initiate and manage business activities, choose the direction of development, and constantly develop independently; will be able to demonstrate critical, systematic, and logical thinking skills in making management decisions based on the assessment of opportunities and consequences, will understand the moral and social responsibility for their activities and its ethical consequences; will be able to ensure the confidentiality of the information.