Are you looking for a programme that combines creativity, entrepreneurship and innovation? Here it is! This is a new generation programme for those, who are not afraid to break the rules. It is founded upon the principle of “learning by doing”, so the 3 year study programme is largely based on an individual business project. Here you will experiment and learn through business simulations, you will closely explore with the world of technology and test your strengths in various roles of business creation. Here you will apply creativity and critical thinking in developing business models and plans, and marketing strategies. Apply during early admission (until April 31st) and enrol at an international university before your exams. Places in the programme are allocated based on a special selection process.
After graduation you will be able answer these questions:
How to use innovative technologies to solve consumer problems? How to set up sustainable startups?
Businesses and startups
How to identify market opportunities? How to analyse the processes of existing companies and contribute to their digitisation? How to create a new generation of “intelligent enterprises”?
How to make decisions based on the use of AI and other state-of-the-art technologies? How to address the challenges of public sector digitisation?
Government institutions, GovTech
How to adapt the next generation of artificial intelligence solutions?
Banks and Fintech
“The Entrepreneurship and Innovation programme is one of the most advanced global business programmes to help you holistically explore opportunities from idea testing to unicorn development.”
Co-founder of “Tesonet”
“Although we already have many successful startups in Lithuania, educational institutions still provide insufficient knowledge about the specifics of creating innovative businesses (startups) and attracting investment. This programme fills this gap. The creators of successful Lithuanian startups also contributed to the development of the programme. Therefore, we firmly believe that the graduates of this program will have an even greater impact on our startup ecosystem.”
Director of “Startup Lithuania”
“This unique study programme provides an opportunity to get to know and prepare for work in companies with high added value and development potential. Students will gain a unique advantage in pursuing career heights or starting their own businesses. ”
Partner at “70 Ventures“
The graduates of this programme will be able to create their own startups or hold strong positions in technology companies
This programme offers various unique opportunities
“This programme is designed for students, who like uncertainty and problem solving. It’s for those who want to use digital skills to build new businesses, solve business problems and experiment with a variety of ideas. As technology has become even more entrenched in recent years, there has been a strong need for professionals who can navigate the world of innovation. There are no right answers in such an environment, so experimenting is especially important. Thus, the goal of this programme is to develop innovators, who can create business ideas or develop them in existing companies.”
Programme director of “Entrepreneurship and Innovation”
You will gain international business experience
Learn to communicate effectively in other markets and make decisions
You will receive financial support
Learn from international business experts
Interested in the programme? Enrol now!
How will you learn?
This new generation study programme is based on the “flip classroom” method, whereby students learn and gain experience in an ongoing business project and during the lecturers, which helps to consolidate their knowledge and seek answers to questions raised during the ongoing business project.
“Problem solving” is used during the lectures, in the form of discussions, as means of finding common solutions, experimentating, reflecting and gaining feedback from students and business representatives.
The programme will use “Design thinking” methods and interactive visual collaboration tools to develop creativity and innovative thinking.
This is the first study programme of this kind in Lithuania.
Bachelor of Business Management
on average higher salary compared to graduates of other LT universities
Data: Lithuanian Government Strategic analysis center, graduates of economy, finance and management, 2017
average salary after tax 2-3 years after graduation
Survey of ISM graduates 2019
graduates would recommend studies at ISM to friends or family
graduates are employed in their degree field
lecturers from abroad
owns a business
Aim of the course
The aim of the subject – to provide students with essential knowledge of modern marketing theory as well as practical application skills thus creating a market-oriented thinking basis.
Aim of the course
This final bachelor thesis/ project will require students to apply knowledge, various methods, concepts and skills they have learned in multiple disciplines during the programme and apply them to the development of new service/product/essential improvement at the approved company or to the new venture creation. Thus, students are provided with two options for writing their bachelor thesis:
Option 1: Thesis on a new service/product development/essential improvements at the approved company.
Option 2: A business project: Development of own business: full business and finance plan, MVP/service, traction.
Learning outcomes for Option 1:
Learning outcomes for Option 2:
The course focusses on strategic aspects of implementing innovations through projects, programs/products and portfolios. Multiple learning formats are used throughout the course, including lectures, workshops, group work assignments and classroom presentations. During workshops, in an intensive group work environment students develop real-life innovation project plans. Results of the group work are discussed and presented in a predefined format. Learning process also includes analysing and discussing contemporary innovation management practices described in academic and professional publications.
The course has two main aims:
The course introduces key concepts related to Emotional Intelligence and explores the different ways emotion is socially and discursively constructed, and how emotions manifest in everyday human interactions with technology and each other, and organizational life. Students will learn about emotional expressions, emotions’ control, abuse/bullying, compassion, stress, and burnout; how emotion norms are formed in teams and organizations. Students will learn and practice emotional hygiene activities including reflection and meditation; micro-practices as emotional labour, social support, compassion, and empathy, and engagement through face-to-face activities, and mediated interaction, storytelling, venting, joking, and advice-giving. The course will also deal with the role of being emotionally intelligent during the digital transformation process in the organization. The course is based on numerous practical real-life cases, examples, and managerial tools.
The course focuses on the practical application of theory, models, tools in the process of business development. All other modules are designed to support students on their journey of understanding and practicing sustainable exponential businesses.
They will follow the Lean Startup cycle BUILD-MEASURE-LEARN and apply critical thinking and creativity in defining the problems worth solving, ideating and creating solutions, prototyping them and testing, building business and monetization models, business plans, creating promotion strategy and attracting investments.
The course focuses on understanding of the main principles of Artificial Intelligence and its applications in business and other environments. This course is designed to provide holistic knowledge for business students about Artificial Intelligence supported decision making systems. Course is designed to create and invent future of work and intelligent working environments.
The module will introduce to the legal principles that govern various business situations and apply those principles to an issue to determine the outcome when the law is applied to the facts of a scenario. In this module, we continue our discussion of contract law by focusing on the enforcement of agreements. The module will examine who can enforce contracts, then discuss when contracts can be enforced in court, and end by looking into what types of awards courts will grant when a party has been the victim of a breach of a contract. you will learn the foundations of the laws governing employees and employers. The module will introduce on the law of agency, which underpins all employment relationships, the forms of setting up businesses, law regulating intellectual property.
The course introduces key concept related to the topic of entrepreneurship starting with the goals and context of entrepreneurship and how it fits with innovation all the way to creating new ventures, exploiting knowledge and intellectual property and thus generating and capturing new value. The material is explicitly linked to the place of technologies and societal challenges for entrepreneurship. The course is based on numerous practical real-life cases, examples and managerial tools.
The main aim of the course is to prepare students for the change management issues related with digital transformation at the strategic and organizational levels Students will be able to project and implement digital transformation changes at various organizational levels.
The course is designed for practical application of knowledge and skills that were acquired during studies. The major focus in the course is on identification of organizational challenges related to digital transformation and application of new technologies, and roles.
During the internship students work in a selected company. There are two ways of finding a company for an internship:
1. Place of internship is found by a student
2. ISM Career Center provides support in finding an internship place.
While working in a company, students collect general information on a company and implement strategic analysis for the entire company or selected product/brand/branch. Students submit the internship report to the Study department on appointed time and present (defend) it in class on appointed time.
Overall scope of internship is 15 ECTS (405 academic hours). These consist of:
The goal of the course is to provide students with the conceptual understanding and practical skills necessary for the collection, wrangling, handing, usage and visualisation of data and especially Big Data. At the end of the course the students should be able to identify and apply the key methods of data analysis, carry out the analysis using specialised software, and to interpret and visualise the results.
Practice the Lean startup cycle “Ideate-build-measure-learn”.
Students will learn how to pivot and test business ideas and models in a short period of time.
Students will learn the two most popular Agile approach to business development Lean Startup and Google Sprint.
The course aims at providing balanced and well-designed training in the principles of digital marketing, especially focusing on inbound and outbound marketing, various online platforms, tools and techniques, such as Google, social networks, and influencers. A particular focus will be given to tracking success in digital marketing and growth hacking, as a new field in marketing focused on growth.
The syllabus is a combination of theoretical knowledge and practical skills. By the end of this course, the students will be able to understand the core processes of planning and executing a digital marketing strategy by employing the major online channels and be able to apply growth hacking techniques in developing their business ideas.
The course aims to give the students the foundations for the development of a webpage (including a mobile version) and a mobile application, using a range of technologies. A particular emphasis is placed on the usability and accessibility and the fact that one does not need to have deep technological skills and be fluent in programming language to develop an attractive and well-functioning we/app. The syllabus is strongly focused on the application of practical skills and knowledge. By the end of this course, the students will be able to put a website or a development a social media app present for the idea they are developing as part of their Complex Project as part of the overall BA programme.
The main aim of the course is to focus on building a solution to a specific issue, in the form of a product or service company concept. The course focuses on the practical application of theory, models, tools in the process of new ideas search and problem analysis. The course is based on Silicon Valley best practices and practical approaches. It provides basic understanding and skills needed for initial business start.
The course objective is to introduce students to the main elements, methods, and principles of finance. It will provide basic knowledge and skills applicable to personal and managerial finance. Course starts with a general overview of finance, introduces to financial concepts, instruments, and techniques used in financial decision making. The first part of the course focuses on basic financial data, financial statements, cash flows, also main financial concepts as time value of money, risk and return, interest rates. The second part of the course deals with financial management.
The main aim of the course is to provide knowledge and understanding of group dynamics processes and principles of effective team development. The course is designed to help students in developing both intellectual and emotional understanding of many aspects of personal and group dynamics. It is designed to help you develop strategies, skills, and techniques to improve interpersonal and group dynamics in classroom settings as well as in the real world. Students will develop action plans to improve your interactions in your everyday life.
The main aim of the course is to provide knowledge and understanding of core elements of a business model and to explore each of them: its contents, entrepreneurial implications, real world composition. The students will be asked to fill templated enabling them to build a business model kit replicable in their real business in the future.
The course focuses on understanding the Design Thinking approach and various frameworks, and the application of the design thinking approach in business development, creating services and products in order to sustain competitive advantage. After describing the concept of Design Thinking, the course will focus on three main areas: planning research, executing field research, and summarizing data for decision making.
The main aim of the course is to provide knowledge and understanding of exponential technologies and its application for the development of sustainable digital business. The course discusses various contemporary ethical issues and risks related with the exponential technology applications.
This is one of first courses in the undergraduate programme paving the foundation of the thinking around the modern world the students will have to develop their lives and work around. The key purpose of the course is not only to present the challenges of the global world and how these are undressed in the UN Sustainable Development Goals but also to discuss how these challenges can present various opportunities for future personal and professional development and innovation.
Futures Thinking is a multidisciplinary method for thinking constructively and creatively about the future, starting from the assumption that the future is not something that will happen to us tomorrow but is being created by us today. Students will be introduced to the major changes that will occur in the next 10, 20 or more years, including global warming, inequality, global health, and the future of work, among others. In each area, students will understand how experts have created scenarios to cope with uncertainty, identify dynamics, develop policy choices, assess alternatives, and ultimately, make decisions. Students will be immersed in Futures Thinking through discussing and debating influential reports – for example, by the Intergovernmental Panel on Climate Change, the OECD, the United Nations, and McKinsey Global Institute. Students will then work collaboratively to assess the potential local impact of these global trends and evaluate local examples of Futures Thinking.
The aim of the course is to learn essential programming skills and get hands-on experience by solving real-life problems. The course aims the need for leaders to understand the principles of IT products’ development for effective decision making.
• Communicate effectively, which may include various academic, professional, or civic situations.
• Construct valid/strong arguments.
• Provide a solid basis for the Bachelor thesis writing process.
The course focuses on how to manage innovation in today’s competitive era and how firms should manage innovation-related activities at the strategic, organizational and managerial levels in order to sustain competitive advantage. After describing the concept of innovation and understanding why innovation is important for the competitiveness of the firm, the course will focus on three main areas: innovation strategy, organizational antecedents for innovation and the innovation management process.
The course aims at providing training in the principles of academic writing and presentations. The syllabus is a combination of theoretical knowledge and practical skills. By the end of this course, the students will be able to understand the core concepts and requirements of writing academic texts and apply the requirements in writing course assignments, and giving presentations.
This is an introductory course of basic micro- and macroeconomic concepts, as well as of fundamentals of management theory. Topics include supply and demand theories, market structures/ factors, the determinants of business strategy and various aspects business organization. The course will have a focus on international economics and global business behavior. It will stress on preparing students for a successful career, using economic and business concepts in a market-oriented society. It shall also serve as a foundation upon which students can build advanced studies in economics. The objective of Principles of Economics for Business and Management syllabus is to provide students with a basic understanding of how the economy as a whole works. The participants shall be exposed to basic economic concepts, to gain a framework for viewing and interpreting the economic and business world around them. This course acts as prerequisite for the Microeconomic and Macroeconomic courses.
Futures Thinking is a multidisciplinary method for thinking constructively and creatively about the future, starting from the assumption that the future is not something that will happen to us tomorrow but is being created by us today. Students will be introduced to the major changes that will occur in the next 10, 20 or more years, including global warming, inequality, global health, the future of work, among others. In each area, students will undertand how experts have created scenarios to cope with uncertainty, identify dynamics, develop policy choices, assess alternatives, and ultimately, make decisions. Students will be immersed in Futures Thinking through discussing and debating influential reports – for example, by the Intergovernmental Panel on Climate Change, the OECD, the World Health Organisation, and McKinsey Global Institute. Students will then work collaboratively to assess the potential local impact of these global trends and evaluate local examples of Futures Thinking.
To reach excellence as a student and as a (future) leader, it is not only necessary to develop hard skills, but also to master soft skills through which we can develop and improve ourselves, and our relationships with others. Taking on an explicit psychological perspective, this course aims to provide students with the necessary theoretical knowhow and practical tools that should enable them to both understand and apply pathways to (inter)personal, and intellectual success and to emotional flourishing. Topics that will be covered are: “self and personality”, “creativity”, “critical thinking”, “self-presentation” and “self-branding”. At the end of this course students are expected to have become acquainted with and have mastered/applied a range of soft skills that are quintessential for personal development and that are valued by, and sought after by employers.
During the study period, the student is free to choose subjects from the fields of finance, economics, management, marketing, communication, business, psychology.
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I recommend everyone not to hesitate and take an Exchange step that can change your life!
Karolis Stramkauskas, France
International exchange programs are one of the most important experiences that students should not miss. I was selected for a bilateral exchange in Colorado, USA, and had a great opportunity to expand my knowledge and cultural diversity.
Simona Rybakovaitė, Australia
The exchange program in Australia is the best thing that has ever happened in my life: I have met a lot of different people with whom I have been in very close contact so far, I have seen the amazing nature, cities, and culture of Australia. I’ve attended memorable parties and festivals!
Paulius Rauba, South Korea
During my studies, I went to South Korea with an exchange program, represented ISM in Japan, and participated in various debates and business competitions abroad. It was a great opportunity to gain international experience while living and studying in Vilnius.
After graduation, you will be able to
Explain the importance and necessity of the use of technology in solving consumer problems, modeling the processes of the new generation of companies
Improve business processes by digitising activities
Apply the latest knowledge of technology application in solving relevant social, economic and environmental problems of consumers
Predict economic scenarios, anticipate the economic consequences of decisions made in companies and organizations, and forecast potential changes in demand and supply.
To predict the impact of new exponential technologies and trends on the creation of new business, company decisions
General admission :
Admission is underway
Additional admision :
2021-07-20 – 2021-08-10
Student admission officer
Interested in the programme? Register for a consultation!
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Personal and Career Development (HUM164)
Corporate Governance and Business Law (MNG240)
Customer Relationship Management (MNG244)
Business Ethics and Sustainability (MNG239)
Financial Accounting (FIN101, LT)
Marketing Principles (MNG103)
Principles of Finance (FIN114)
Statistical Data Analysis (FUN107, TVK, ITV, VVA)
Business Research Methods (MNG165)
International Business (MNG108)
Organizational Behavior (MNG107)
Bachelor Thesis (MNG120)
Microeconomics (ECO101, E, BMM)
Strategic Management (MNG109)
Mathematical Analysis (FUN101, LT)
Financial Management (FIN102)
Principles of Economics, Business and Management (MNG101)
Academic Writing and Presentation Skills (HUM108, LT)
Global Issues and Futures Thinking (HUM165)
International Economics and Trade (ECO121)
International Negotiations (MNG173)
International Business Communication (MNG140)
International Marketing (MNG124)
Microeconomics (ECO101, IBC)
Macroeconomics (ECO102, TVK)
Bachelor Thesis (MNG157)
Innovation Management (MNG162)
Mathematical Analysis (FUN101, EN)
Quantitative Decision Making (FUN118, EN)
Academic Writing and Presentation Skills (HUM108, EN)
Project Management (MNG163)
Financial Accounting (FIN101, EN)
Macroeconomics (ECO102, VVA, SPTM)
Microeconomics (ECO101, F, EP, SPTM)
Mathematical Methods in Economics (FUN105, EN)
International Relations (POL104)
History of Political Ideas (POL137)
Principles of Finance (FIN114, EN)
Introduction to politics (POL101)
Comparative Politics (POL103)
Finite Mathematics (FUN122)
Bachelor Thesis (POL117)
Public Finance (FIN104)
Statistical Data Analysis (FUN107, E, EP, F)
Social Research Methods (FUN108)
Political Economy (POL138)
Managerial Economics (ECO107)
Intermediate Macroeconomics (ECO129)
Welfare Economics (ECO122)
History of Economic Theories (ECO103)
Computer Programming (IT103)
Business Information Systems (FUN111)
Technology Project (MNG211)
Foundations of Manufacturing Technology (FUN126)
Data Management (FUN119, EN)
Bachelor Thesis (MNG214)
Operations Management (MNG152)
Total Quality Management (MNG164)
Financial and Business Ethics (MNG237)
Finite Mathematics (FUN103, EN)
Managerial Accounting (FIN103, EN)
Corporate Finance (FIN117)
Advanced Financial Accounting (FIN118)
Bachelor Thesis (FIN120)
Personal Finance (FIN115)
Investment Management (FIN107)
Financial Markets and Institutions (FIN105)
Mathematical Methods in Economics (FUN105, LT)
Quantitative Decision Making (FUN118, LT)
Economic Forecasting (ECO108)
Finite Mathematics (FUN103, LT)
Bachelor Thesis (ECO116)
Entrepreneurial Marketing (MNG255)
Foundations of Project Management
Continuous Business Development Project V (MNG267)
Legal Aspects of Business Development
Entrepreneurship and Tech-based Business Development
Digital Transformation Management
Shadowing and Solving Organization Challenge (MNG271)
Continuous Business Development Project IV (MNG262)
Data Analytics and Visualisation
Continuous Business Development Project III (MNG261)
Agile Development: Lean Start-Up and Google Sprint (MNG260)
Digital Marketing and Growth Hacking (MNG259)
Fundamentals of Web and App Design (IT105)
UX Design and Rapid Prototyping (MNG258)
Continuous Business Development Project II (MNG257)
Finance Fundamentals for Start-Ups (FIN129)
Group Dynamics and Team Development (MNG256)
Digital Business Models (MNG254)
Continuous Business Development Project I (MNG251)
Design Thinking and Social Research (MNG250)
Exponential Technologies and Ethics (MNG249)
Global Challenges and Sustainable Development (MNG248)