This forward-looking programme is meant for 21st century management professionals who want to be at the forefront of the constantly-evolving field of industrial technology.
Developed in partnership with the prestigious Illinois Institute of Technology in the USA. During your studies, you will learn the latest and most successful management techniques and gain the necessary knowledge and skills to lead an automated workplace. You will leave this program with in-demand set of core competencies that will enable you to lead a team of technicians and engineers and implement the digitization of various operations.
After graduation you will be able to answer these questions:
How can I manufacture my product better and cheaper than the competition?
Manufacturing companies
How can I use technology to revolutionise the way I make my product?
Technology companies
How can I make my new product idea a reality?
Start-ups
How can I identify the best products to invest in?
Investment companies
“Foreign lecturers and professionals introduce and analyse current topics and events that shape and influence the market. Knowledge of technology, management and economics acquired during studies provides you an advantage and career prospects in different fields.”
Viktorija Pogytė
Project Manager at international furniture and interior solutions company “Fitsout”
Alumna of ISM University
“The brightest and smartest people you meet here are not only a useful network, but also close and trustful friends. Moreover, ISM gave me an opportunity to develop the path of my career: I’ve been employed by one of my lecturers, who are not only researchers, but also top-managers or founders of the businesses. Applying to ISM is worth a try.”
Yegor Mukha
Student of ISM University, Sales Manager at one of the leading transport companies in Europe Girteka Logistics
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ISM alumni work at these national and international companies
Executives of the largest international companies operating in Lithuania say ISM University provides highest quality education.
2019 Quarterly Lithuanian Investor Confidence Index Survey
Explore international manufacturing companies
During the visit:
Visit innovative Lithuanian manufacturing companies
Network with potential employers
Get acquainted with management, processes & innovations of forward-thinking companies
Visits will be arranged if the pandemic situation allows.
Interested in the programme?Enrol now!
“The best talents are the trump card of our company. Without a strong team, it would be hard to be where we are now. The partnership with ISM is an important step in sharing both our experience in raising professionals and their subsequent integration into the labour market and becoming our colleagues.”
Tom Okman
One of the founders of Tesonet
“At Moody’s we believe that our culture of inclusion helps us to achieve our goal of helping people make better decisions. We are proud to be a diverse and global team and we recognize we have an important role to play by investing in the communities where we work, not least because we’re ambitious to recruit and retain the best talent in the future. Through our partnership with ISM University of Economics and Management, we are committed to helping young leaders of all backgrounds make the most of their potential.”
Mariano Andrade Gonzalez
Lithuania Country Head
“In Coca-Cola HBC, we are looking for employees with a growth mindset, curiosity and braveness to challenge our processes, to contribute to the Growth Story of our organisation. We believe that we can offer ISM students unlimited opportunities for personal and professional growth via real business projects, career assignments and help unbottle their potential. If you are an ISM studento or alumni, join us, refine your limits and enjoy your Coca-cola career journey.”
Liza Shybanova
HR Manager of Coca-Cola for Poland and the Baltics
“In BITĖ many people successfully continue their careers after an internship, and some BITĖ managers have graduated or are currently studying in one of many ISM study programmes. We appreciate the quality of studies and that many of the lecturers are experienced practitioners.”
Pranas Kuisys
Executive Director at Bitė Lietuva
“ISM students have the necessary qualities: they can analyse problems, express ideas, know how to work with numbers, learn quickly, communicate well are proactively, are not afraid of responsibility. We have many examples of ISM students who grow from young analysts into experienced experts at Civitta. Their analyses and advice are appreciated by the management of organizations.”
Justė Pačkauskaitė
Managing Partner at Civitta
“In the energetic and inquisitive team at “Versli Lietuva”, we have many ISM alumni in both entrepreneurship and export promotion, and start-up ecosystem strengthening spheres. When inviting you to join “Versli Lietuva”, we say that if there is a lack of specific knowledge, we will learn together. But you must bring courage, your accumulated wisdom, and the desire to work for Lithuania in your heart. We look forward to meeting and working with a new generation of talents from ISM!”
Valdonė Ugianskienė
HR director at “Versli Lietuva”
“ISM students and alumni are highly valued by us and our clients. They have the necessary competencies and personal qualities, such as understanding the basics of business, positive attitude, excellent English, and the ability to deal with different situations.”
Andrius Francas
Partner at Alliance for Recruitment
General information
Duration
3 years + bachelor thesis
Study language
Degree
Bachelor of Business Management
Additional opportunity – double degree at the leading business schools
Study form
Spend part of the course in Lithuania and in the USA or France
Partner universities
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
Show more Show less
Code
FUN126
Credits
6
Language
Aim of the course
The purpose of this course is to provide an overall introduction and review of manufacturing processes, used equipment, and operation process capabilities, with a strong emphasis on product design, material, process, and equipment selection.
Learning outcomes
GRAI015
Course description
This course provides a modern theory of process management, which is a competitive weapon of any advanced organization. Students are familiarized with conceptual analyses of business processes and methods for improvement in all major areas of operations, starting with operations planning, implementation, and control, and ending with operational improvements. During this course students will address the key themes of the subject material: relationship of strategy and process architecture, process flow measures and laws governing the process performance. The course is designed to develop systems view on organizations, to build critical thinking skills by analyzing how those laws apply to current management issues, and to develop teamwork, problem solving, and written and oral academic communication skills.
Course aim
The aim of this course is to familiarize students with the principal operational issues that confront managers, and provide students with language, concepts, and tools to deal with these issues in order to gain competitive advantage through operations with a particular emphasis on innovation and change management. Also, this course aims to develop skills for modelling, analysis, and techniques for performance improvement of business processes through developing a consulting project for process improvement in the selected service or manufacturing organization.
MNG164
After completing the course, students should be able to explain the concepts of TQM, diagnose problems in quality improvement process, identify ethical and unethical behaviors in quality management, apply various quality improvement techniques, explain total quality implementation phases and list the steps that are associated with each phase, propose how business leaders might plan and execute quality management strategies to gain and sustain a competitive advantage in today’s global business arena and communicate why TQM is fundamental for all organizations.
FUN118
This is a practical course dealing with the mathematical models supporting decision making in various fields of social sciences and practical environment, i.e. management, economics, and politics. In particular, what-if analysis, forecasting, optimization and multi-criteria decision making are dealt in the course. Computer spreadsheets are used all over the course.
Lecturers
MNG211
At the end of the course students should have a well-described technology-based project in a format ready to submit for funding or present to the interested company.
MNG162
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.
1 year
1 semester
2 semester
2 year
3 year
4 year
MNG276
The course aim is to provide knowledge and skills for the students needed to understand the relationship between different manufacturing elements (materials selection, processing and manufacturing options, product design), that impact energy use, available resources, and the environment.
MNG278
Main aim of the course is to provide knowledge and skills for the future professionals for the analysis and improvement of the main company business processes for the achieving of the overall sustainability goals for the companies.
MNG277
The aim of the course is to provide knowledge about the advanced concepts and frameworks of purchasing and procurement management in the context of sustainable supply chain system, and to develop students’ analytical and decision-making skills related to procurement management.
MNG274
The main aim of the course is to provide knowledge and abilities for the students efficiently plan and develop strategies for the implementation of innovative Industry 4.0 technologies in the business, to satisfy growing needs for the sustainable management of the industrial processes.
MNG275
The aim of the course is to provide knowledge and skills to use emerging technologies (AI, Internet of Things, Data Analytics) for the improvement of manufacturing processes and creation of value for the companies.
MNG272
The main aim of the course is to provide knowledge and understanding of existing digital business models as well as changes introduced by the raise of digital economy and tools. The course also brings topics of beyond financial sustainability focusing attention on how business models frame and influence sustainability, equality, and circular economy.
MNG273
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 in the context of sustainability needs. Students will be able to project and implement digital transformation changes to develop sustainable business practice.
FUN114
This course aims to develop skills for mathematical modelling of basic economic, financial, managerial and engineering problems.
MNG243
This course introduces students to supply chain management, with a particular focus on its global nature and its impact on sustainability. Key functional areas of supply chain management including sourcing and procurement, production and inventory maangement, transportation, warehousing and reverse logistics are covered in an integrated framework. The course also introduces students to supply chain performance measurement and risk management, and to the role of supply chain strategies in supporting business goals.
Supply Chain Management has eveolved into a critical business function. The aim of this course is to familiarise students with the fundamental concepts of supply chain activities and the decisions managers face in sourcing, planning, making and delivering their goods and services effectively and efficiently. The course provides students with the language, concepts, and tools to deliver value to stakeholders with sustainable supply chain actions.
MNG239
The course aims to introduce students to the main concepts of law, ethics, corporate social responsibility and sustainable development. The recent Global Financial Crisis and COVID-19 pandemic increased the spotlight on ethical matters and has raised the question of how the economic and social environment have to be designed in order to contribute to the needs of the society. Whereby the idea of self-regulation and corporate social responsibility plays an important role in Anglo-Saxon Countries, regulation by the state is emphasized more in the European Context. Most business representatives prefer the idea of strengthening the concept of Corporate Social Responsibility (CSR) as it shifts decision-making power from the state towards corporations. On the other hand, NGOs and representatives by the society favor a more active role by the government. The course will not follow any ideology but will discuss various approaches. Moreover, a focus will be put on the stakeholder theory – the role of employees, consumers and society in a globalized World.
ECO102
This is a course in intermediate macroeconomics, designated for students with knowledge in basic economics. Its objective is to present theoretical knowledge and practical skills required for studying the overall economic structure of a country. Students will know how to analyze the most important macroeconomic phenomena, and the impact of governmental macroeconomic policies on participants in the economy. This course trains skills in comprehension and analysis of macroeconomics policies.
• Understand the main theories in macroeconomics. • Analyze and model macroeconomic phenomena. • Evaluate governmental fiscal and monetary policy. • Graphically model macroeconomic situations. • Relate real economic experiences to theory. • Identify economic situations at the national and global level. • Develop researching skills.
MNG103
To provide students the fundamental knowledge of current marketing theory and to put backgrounds for market oriented thinking, both strategically as well as tactically. It also aims to train skills in analysing business situations, written and oral presentations. the course is that students will be able to analyze various business situations.
FIN114
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 the 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 flow, also main financial concepts as time value of money, risk and return, interest rates. The second part of the course deals with financial management.
FUN111
The aim of the course is to examine modern IT problems which managers and specialists face at their workplace. Lots of attention is paid to the IT place in enterprise context, as well as IT added value to business and to the unity of an organization and information technologies (systems) it uses.
MNG213
15
Course annotation
Any organisation can be viewed as a business process that transforms inputs into outputs to satisfy customer needs by providing them what they want, when they want it, and where they want it at a price they are willing to pay. Theoretically, satisfying all these requirements would mean developing, producing, and delivering individually customised products of the highest quality, in the shortest time, and at the lowest cost. In practice, given the organisational capabilities and constraints, trade-offs must be considered, expressed in terms of product (or product portfolio) attributes – cost, quality, variety, and response time. Competition forces organisations to improve their process capabilities to strengthen the product attributes in order to become better than their competitors or to push operational frontier further. Hence, the internship aims to develop the ability of students to diagnose the gap between the product attributes and process capabilities and, secondly, to identify the root causes of the gap and, finally, to determine the possible ways of bridging the gap.
Objectives of the course
ECO101
The course should teach an analytical approach to the functioning of the market mechanism, economic behavior of market participants, market environment impact on competition, and business strategies. Students should acquire the skills and the ability to apply microeconomic analysis and optimization methods to a large variety of economic problems.
FUN119, EN
3
The overall objective of this course is to introduce students to relational database management and equip them with practical knowledge of SQL query language, reports, and capabilities for further data analysis.
MNG214
Final Bachelor Thesis (FBT) is independently prepared thesis which summarises the knowledge, abilities, and skills acquired during the studies and serves as substantiation of the business management qualification awarded. In terms of content and analysis methods, FBT unite, both directly and indirectly, the subject matters of different academic subjects into a totality. The FBT should address topical problem of an industrial organisation, where the “problem” is understood as the pursuit of the strategic goal of the organisation.
FBT is prepared during the 8th semester of studies and grants 12 ECTS credits. Thesis may be prepared in English.
FUN107
The goal of the course is to provide students with the theoretical knowledge and practical skills necessary for the analysis of economic and political 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 specialized software, and to interpret the results.
MNG152
The aim of this course is to familiarize students with the principal operational issues that confront managers, and provide students with language, concepts, and tools to deal with these issues in order to gain competitive advantage through operations. Also, this course aims to develop skills for modelling, analysis, and techniques for performance improvement of business processes.
MNG107
During this course students will address the key themes of the subject material as well as ethical dilemmas in organizations via theoretical study discussions in seminars. Organizational behavior module will be analyzed and discussed in three levels: individual, group, and organization. At individual level the elements of personality, social perception, learning, motivation and attitudes, theories and their application possibilities in the management of our own and other people’s working behavior will be analyzed. At group and organizational levels, the processes occurring in workgroup that influence the relationships of group members and their work results, personal and organizational means of improving group performance will be discussed. The last part is dedicated to show relations between organizational behavior and human resource management practices.
HUM108
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.
MNG109
Strategic Management course focuses on the concept of strategy development and implementation by exploring the functions and nature of general management. Strategic management concepts and techniques are studied. The course serves as an opportunity to develop skills for strategic thinking and analysis, understanding of the major strategic problems of an organization, formulating business level strategies. The pedagogical approach includes lectures, computer simulation, practices, group and individual work by students.
This course integrates all the knowledge acquired from various functional courses, coupled with new strategic management techniques learned, to chart the future direction of different organizations into a coherent view of an organisation. As such it requires the use of materials and knowledge gained during previous studies various disciplines of management.
MNG163
The course is designed to develop the insights and skills necessary to complete projects effectively, on time, and within budget. It also introduces students to organizational project management process, with special emphasis on its life cycle, and the tools used in managing and delivering projects. Upon successful completion of the course, students should have a solid understanding of contemporary project management and its benefits for their professional and personal life.
FIN101
The aim of this course is to provide knowledge and practical skills required to understand and analyze the financial information of a company. The course adopts a decision-maker perspective of accounting by emphasizing the relation between accounting data and the underlying economic events that generated them. The course focuses initially on how to record economic events in the accounting records and how to prepare and interpret the primary financial statements that summarize a firm’s economic transactions.
MNG101
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.
HUM165
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.
HUM164
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.
MNG246
Our warming planet is transforming the natural world and our societies, and it is doing so in alarming ways. To understand climate change, we need to acknowledge its many aspects and study it in a holistic, multidisciplinary way. Accordingly, this course aims to address the climate change issue in a collaborative way by bringing together the perspectives of all of ISM’s undergraduate study programmes – communications, management, technology, finance, politics, and economics. We will address several important questions: what is the basic science behind climate change? What are the sources of emissions? What are scientists predicting about the changes in climate? What will the impact be on human well-being and the natural world? How might climate change affect Europe and specifically Lithuania and the Baltic region? Do we have moral obligations to the planet and to future generations? How can we effectively communicate these issues to the public and mobilise climate action? What technologies exist, or might be invented, to slow climate change? Is sustainable development possible? What can we do individually, locally, and in business settings.
MNG270
International business is as old as the world. However, free trade has increased since the 1980s. Trade tariffs were eliminated, China reformed its economy, and the Internet made communication easier. It led to globalisation and more international business. Hence, international business is affected by political economic and technological developments. From a western society perspective, the production of goods and services was transferred to other continents. Most firms started outsourcing non-core activities leading to more complex, transcontinental business relations characterised by multi-cultural business relationships. Soon, technological developments will change international business when the autonomisation of production processes, 3D printing and cyber-physical systems take over. The Covid pandemic and the Suez Canal blockade have shown the need to mitigate supply chain risk and strengthen resilience. Production will partly return to Europe. This course focuses on international business trends, barriers and enablers, and establishing international business relationships.
MNG236
To provide students the fundamental knowledge of corporate communication and brand management principles by evoking goal-oriented thinking that combines creativity and analytical skills.
MNG225
This course aims to provide the student with a supervised experience that involves gaining special expertise in a specific area of interest, to analyse in-depth a topic in economics, politics or management that is only broadly covered in the general curriculum.
Learning outcomes:
Eigirdas Žemaitis
Programme Director
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Brigita Kavaliauskaitė, Portugal
Exchange semester filled my life with joy and happiness. I discovered an accurate description of the perfect moment – conversations while watching a sunset, afternoons with loved ones, the discovery of new places, like-minded people. Even when I return to Porto after the exchange, I feel like I’m home!
All feedback
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!
Ugnė Kerševičiūtė, South Korea
Living far away from your surroundings can make a huge difference as you often have to step out of your comfort zone, for example, people in Seoul are quite shy, very few of them speak English, so I started learning Korean. During my studies, I met people from different countries, travelled to the surrounding countries of Southeast Asia, started to become more self-confident and no longer afraid of challenges.
After graduation you will be able to:
Explain why some manufacturers succeed while others fail
Explain
Predict trends in manufactured goods markets
Predict
Improve the way a product is manufactured
Improve
Apply technologies to make products more efficiently
Apply
Develop managerial solutions to transform a struggling manufacturer
Develop
General admission : ?
Admission is underway
:
Additional admision :
2021-07-25 – 2021-08-01
Mercan Dolu
Industrial Technology Management
*protected email*
Other undergraduate programmes
Studies which introduce a business and its various processes from various angles.
Program aims to let you see the world of business from all angles – communication, marketing, social responsibility, and international economics.
Students of the programme learn to understand and analyse economic processes at all levels – from user behavior to global economic trends.
This program equips future financial experts with skills that will respond to technological changes and global market trends.
This programme erases the traditional boundaries between the disparate fields of economics, political science, and business.
Personal and Career Development (HUM164)
Corporate Governance and Business Law (MNG240)
Customer Relationship Management (MNG244)
Neuromarketing (MNG238)
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)
Entrepreneurship (MNG110)
International Business (MNG108)
Internship (MNG144)
E-Commerce (MNG154)
Organizational Behavior (MNG107)
Bachelor Thesis (MNG120)
Microeconomics (ECO101, E, BMM)
Macroeconomics (ECO102)
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)
Internship (MNG155)
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)
Computer Programming (IT103)
Macroeconomics (ECO102, VVA, SPTM)
Microeconomics (ECO101, F, EP, SPTM)
Principles of Finance (FIN114, EN)
Public Finance (FIN104)
Statistical Data Analysis (FUN107, E, EP, F)
Internship (ECO124)
Political Economy (POL138)
Managerial Economics (ECO107)
Mathematical Methods in Economics (FUN105, LT)
Intermediate Macroeconomics (ECO129)
Quantitative Decision Making (FUN118, LT)
Welfare Economics (ECO122)
Financial Markets and Institutions (FIN105)
History of Economic Theories (ECO103)
Economic Forecasting (ECO108)
Econometrics (ECO105)
Finite Mathematics (FUN103, LT)
Bachelor Thesis (ECO116)
Financial and Business Ethics (MNG237)
Finite Mathematics (FUN103, EN)
Managerial Accounting (FIN103, EN)
Internship (FIN119)
Corporate Finance (FIN117)
Advanced Financial Accounting (FIN118)
Bachelor Thesis (FIN120)
Personal Finance (FIN115)
Investment Management (FIN107)
Mathematical Methods in Economics (FUN105, EN)
International Relations (POL104)
Internship (POL116)
History of Political Ideas (POL137)
Introduction to politics (POL101)
Comparative Politics (POL103)
Finite Mathematics (FUN122)
Bachelor Thesis (POL117)
Social Research Methods (FUN108)
Business Information Systems (FUN111)
Technology Project (MNG211)
Internship (MNG213)
Foundations of Manufacturing Technology (FUN126)
Data Management (FUN119, EN)
Bachelor Thesis (MNG214)
Operations Management (MNG152)
Total Quality Management (MNG164)