Executive Master in Management programme provides senior and middle management with the knowledge and practical skills needed to thrive in a global business environment. We help managers build strong functional and inclusive business management competencies based on pervasive managerial thinking and values. Each discipline is studied from a manager-strategist position, not only learning the tools or techniques, but also aligning the growth of the manager or unit with the growth of the company.
ISM Executive Master Programme enables managers to foresee, define, empower, and implement change. These studies yield a qualitative change that starts with you and continues throughout the organization. Every module of this program serves as a step towards you and your organization being one step ahead.
Dr. Olga Štangej,
Executive Master in Management Program Director
The largest community of executives in Lithuania
Scandinavian experience taken over from the founder – BI
Global Trends in Business Training
Unique executive study content that you model yourself
Lectures are convenient for managers
The lecturers are experts in the topic from Lithuania and abroad
The choice of studies was completely practical – to get the highest quality, concentrated knowledge in the shortest possible time.ISM did not disappoint – this is where my learning standards really increased.
Co-founder of Vinted
I graduated from ISM in 2009, and I am grateful for it. There is always a good time when everything slows down, to refresh your knowledge and prepare for a new competitive battle.
General manager at Investuok Lietuvoje
When I chose to study ISM Executive Master, I did not expect that the business school could change my worldview. But it happened – along with knowledge, the ability to see new opportunities, enthusiasm, tools and like-minded people to implement new ideas came into my life. Here I realized that each of us have the power to change the world, and our professional path is determined not only by knowledge and experience, but also by the ability to take responsibility for ourselves and others.
Founder of “Dream Workshop”, career consultant
University is not for a leisure time. In university you need to gain theoretical knowledge. From my experience at ISM, I can say that the marketing module perfectly structured my fragmented knowledge, everything became much clearer. Many wondered why I chose this module as I have already been marketing manager. However, when I was able to combine work with theory, with new models and research, it was much easier for me to work.
CEO and co-owner at BIOK laboratorija
For a person who have never studied business management before ISM studies helps to combine fragmented details of the puzzle into a comprehensive, three-dimensional image of the organization. It encourages critical thinking, conscious choice of leaderhip style, gives courage and support for authenticity. Last but not least it provides excellent tools for self-education and self-knowledge.
Prof. Džilda Veličkienė, MD PhD
Head of Outpatient Clinic of Department of Endocrinology of LSMU Hospital Kauno klinikos
Dr. Rasa Katiliene
The word ‘consultant’ comes from Latin and means ‘advisor’. The module is aimed at developing professional consultancy skills that help achieve lasting change and create value.
We live in times of change. Business environment, people and organisations experience rapid changes. Modern coordination of business operations requires ever more varied competencies, especially those of consulting and this is exactly the skill that employees in Lithuania lack the most.
Lithuanian companies grow into neo-bureaucratic systems with improvised management, project-based operations and autonomous staff. In companies of the kind every individual is performing two to three roles at a time. 30–60% of staff in every organisation badly needs consulting on a daily basis.
Under these circumstances those capable of quick adaptation, change generation and management, those capable of inspiring and leading their team create the biggest value. Ability to work together with all others, but at the same time take a helicopter look at an organisation; ability to work in an organisation, but still give an objective external assessment are greatly valued.
This module is aimed at training greatly needed competent advisors for future companies and organisations.
The module covers the areas of management, sociology, psychology, anthropology, political science and philosophy. Having learned the theory and finished related practical training you will have learned to manage organisational change and:
CONSULTANT’S ROLE IN AN ORGANISATION
MANAGEMENT CONSULTING PROCESS AND ORGANISATIONAL STRATEGY
PROCESS OF ORGANISATIONAL CONSULTING
WHAT IS AN ORGANISATIONAL CONSULTANT?
WHY THESE STUDIES?
Dr. Tamara Maurice
A manager who is able to analyse and assess the financial position of the business and make the right decisions increases the business value.
This idea forms the basis of the entire financial management module, designed for business owners and managers – people making managerial decisions. They choose businesses for investment, sources for “buying” money in order to achieve the most important financial goal – increasing the company’s value.
These key questions are answered in the financial management module by examining the three typical financial decision groups: investment, financing and distribution of value.
Learning is conducted by solving specific problems, analysing real business situations and adapting the theoretical and methodological knowledge. When writing a group research work, the study participants will have an opportunity to solve a practical enterprise’s or individual investor’s problem, such as the comparison of several investment alternatives, identifying the value of a business or individual shares.
Why these studies?
The module aims to reveal the causality of human behaviour in the organisation and intrinsic motivation, understanding what the organisation expects from the employee and why and what the employee should expect from the organisation.
One of the main objectives of the program is to provide knowledge about the psychology of the organisation and develop effective leadership, communication and influencing skills by applying the methods of modern psychology.
Fundamentals of strategy
The strategic management module addresses the main practical aspects of strategic management: from the choice of strategic thinking and strategies to strategy implementation. The module helps to build a broad understanding of the organisation as a system of interrelated activities. Strategic decisions are made and implemented within that system in order to take advantage of emerging opportunities in the business environment, to develop core corporate competences and accumulate competitive advantages in the market.
This module aims to promote a deep understanding of the strategic challenges and their creative solutions. The module uses practice-based approaches. Each lecture analyses certain corporate situations where decisions made illustrate the relevant module topic. Study participants will discuss their own situations and situations of other companies in groups or individually, looking for solutions and sharing their experience.
Dr. Virginija Poškutė
The module covers major topics of macroeconomic thought and implications on country governance, market and business developments, followed by microeconomics that explains behavior of market actors (competitors and consumers). The major focus is on competitiveness, which is analyzed on the level of business, markets, regions, and countries. Studies of competitiveness are based on Harvard Business School course “Microeconomics of competitiveness”, that is exclusively granted to ISM University of Management and Economics for the delivery in Lithuania.
Dr. Alisa Miniotaite
To lead, you have to follow (Lao Dze)
The main objective of the program is to build the life and business philosophy of participants as leaders, to reveal their charisma and key powers by enhancing the power and identity of personality, influence and emotional intelligence. Based on existential and phenomenological philosophy, the students learn how conscious choices and leadership sense perception can become valuable powers of the leader.
To lead means to believe. The values the leader believes in, their mission and perception of reality builds the vision and the power of influence. The leader’s vision must render meaning and identity of those who will follow him.
Leadership means knowing yourself. The objective of this module is to demonstrate this for each participant and enable them to build a conscious approach to their role.
Leadership means to influence followers and to awaken their positive feelings, create a resonance which releases their most perfect abilities.
Leadership means becoming a charismatic personality as they seek to change the status quo and it is able to see the new environmental opportunities, motivating their followers to pursue the best result.
Effectively combining theoretical lectures, analysis of practical cases, visual material exercises and team tasks, sustainable vision and resonant leadership knowledge are consistently presented as well as essential twenty-first century leadership skills; and the personality of the creator of the future is demonstrated.
Dr. Alisa Miniotaite.
Dr. Saulius Šimkonis
Operative project management
One of the most prominent contemporary trends in general management (strategic and operational management) is the increasingly frequent project-based work organisation in the private and public sectors. Project management in the twenty-first century is associated with the implementation of changes in organisations, ensuring economic benefits of project results and positive social and environmental impact for present and future generations.
Studies of subjects and materials allow a better understanding of the advantages of applying the PMI, IPMA, PRINCE2 and other international project management standards and the new alternative methodologies (AGILE, SCRUM).
The main objectives of the module include the analysis of the project management specifics of different sectors, success assumptions and efficient implementation methods and to decide how the corporate strategy implemented through projects and how projects are managed in the corporate context.
Why this module?
Constantly changing business environment and business opportunities require regular update, enhancement and development of our knowledge and skills in the field of business management. This module is meant for both top managers and heads of units, including project management services and project managers. It will definitely change the approach and work methods of project owners, product and service managers.
Head of module
Consultant and lecturer with over 20 years of practical experience in project, programme and portfolio management. First national IPMA certification expert in Lithuania certified in IPMA-A, Project Management Professional (PMP) and PRINCE2 Practitioner. Field of research interests: imparting experience in project-based environment.
Information is being updated
Content of the Module
Business process management is a systematic method of management intended to match the business processes of an organisation and the demands of a client. Business processes define an organisation`s works creating value for clients and other stakeholders and realising the strategic goals and tasks of an organisation. A process approach is one of the most effective ways to handle chaotic, historically existent processes. High efficiency, growing sales, satisfied staff and customers – these are the usual process improvement outcomes. When competitiveness increases only those companies that operate most effectively remain, therefore business process management is becoming increasingly popular both in Lithuania and globally.
The study module analyses the most popular business process management methods and tools (Lean, 6 sigma, process re-engineering, etc.) and recommends when to apply any of them. A systematic approach towards processes is formed, they are linked to the company`s strategy, goals and measured by indices. It discusses what challenges will be faced in the organisation implementing business process management principles and advises how to implement process change projects and raise the organisation`s business process maturity in a consistent way.
The business process management module provides pragmatic knowledge and forms practical skills. Many practical tasks are carried out, cases are analysed and visits to companies are made. Lectures of the module are delivered by experienced Lithuanian business process management practitioners (Vilma Nasteckienė, Airidas Laugalis, Ugnius Savickas, Mindaugas Kulikauskas, Indrė Liutkevičienė) as well as famous Lithuanian and overseas academicians (Dr. Vytautas Būda, Dr. Saulius Šimkonis, Prof. Marlon Dumas).
Manager of the Module
Manager of the Executive MA “Business Process Management” module at ISM Executive School. Currently she is pursuing doctoral studies in the field of social science, management at ISM University of Management and Economics. Vilma Nasteckienė is a LEAN organisational culture consultant, a business process and integrated risk management coach, a credit and operational risk management practitioner. During more than a decade at international companies she led teams of various sizes, worked actively on efficiency increase and innovation implementation projects, accumulated experience at model change and activity assessment projects. Since 2011 she has been providing consultations to company managers on risk strategy formation, implementation of risk management standards and effectiveness of the processes. Vilma Nasteckienė acquired her MA degree in Management at Vytautas Magnus University; she studied at Weber State University, the USA.
Although one fifth of Lithuanian GDP is created by industrial companies, their productivity and added value indicators are lagging behind the EU average. TOC Operations and Production Module offers systematic approach for industrial companies managers how to find and exploit their companies‘ potential, and increase added value more rapidly than costs.
Fully acknowledging complexity and uncertainty of business environment, module covers major analysis and decision making tools that will help managers finding sustainable competitive advantage, reducing fires in production, aligning manufacturing principles to the particular industry type or manufacturing flow. Typical industrial management topics such as distribution management, marketing decisions, operations management are addressed through the principles of Theory of Constraints, supported with practical examples of its application in Lithuanian companies.
Graduates of the module will have the following knowledge and skills:
Assoc. prof. dr. Dalia Kolmatsui
The task of executives is to increase business value through the most efficient use of internal company resources. To be effective, a variety of process improvement solutions are commonly used, reviews of the product or service packages being sold and their pricing are evaluated, the revelation of investment projects are addressed and even decisions about the need for individual business are made. It is very important for managers not to make mistakes in assessing financial benefits of such decisions. This can only be short by objective accounting information provided by well-designed corporate planning and control systems.
The topics of this module of studies are set out in accordance with the sequence of business management functions: planning, decision-making, control. Management accounting and analytical methods are taught as decision support methods for each stage of this sequence. According to modern activity-based costing, module participants first learn to evaluate the costs of different objects. In solving practical tasks, they become skilled in using such information for managerial decisions. The module is completed with abstract topics such as management accounting and control systems.
Dr. Michail Kazimianec
About the module. Constantly changing business demands and market conditions force companies to respond to a variety of market challenges very quickly and to be ready to forecast major changes in the external and internal business environment. To enhance the competitive ability of the company, the management of the company often faces the need to ensure effective information support of the decisions to be made by installing technologies of business intelligence and data processing, and promoting the development of analytics culture in the company.
In this context, this module introduces managers to business data management principles, basics of analytics, business data processing and analytics-based technologies which help the company management to adopt optimal strategical and tactical solutions, define and implement business analytics strategy, achieve the objectives set for the analytics by elaborating and implementing the information needs of the company. Moreover, the module contains various aspects of improving business information awareness and strategically important data management issues, and introduces the advanced business intelligence techniques.
This module is for you, if you are an innovative thinking leader trying to improve business information awareness and sharing of information and knowledge, as well as to develop analytics within your company.
The module will help you to:
Upon completing this module, you will be able to identify information needs, necessary for the successful business analytics application in the company. You will be able to form strategical and tactical issues and foresee the guidelines of their solution and implementation with the help of information platform of the company. You will know how to organize and apply data management and business analytics processes within your company. You will be able to identify characteristics of analytical and other related IT products corresponding to the actual needs of the company, as well as gain basic knowledge of advanced analytics.
The head of the module dr. Michail Kazimianec has many years of experience in data management and business analytics. He is the author of research articles on business intelligence and data mining, also the Head of Data Integration and Modelling Department under the Business Intelligence Service at JSC Swedbank, and has a PhD in Information Technology (Free University of Bozen-Bolcano, Italy).
The module analyses both traditional business models (product-to-cash) and the new models and value creation principles emerging in the networked world. To deliver a clear and transparent understanding of the marketing process, the core themes of the module correspond to the neoclassical marketing planning stages. Initially, students are given strong fundamentals of market analysis; they learn to use market information creatively. Later they study the substance matter of the marketing strategy – market segmentation, the optimal selection of target markets, formulation of a value proposal for target markets. After creating the marketing strategy, students address their implementation issues: development of a product or service meeting the future market requirements, its pricing, communication, marketing channel design. As marketing is one of the most changing areas of the management functional, the module content is regularly supplemented with themes and case analysis which we cannot predict today.
One of the most important skills of the business executive is the ability to understand, develop and communicate value to consumers, customers, employees and other internal and external trading partners. It is easy to notice that these expertise areas are very strong in successful companies and the marketing function acts the body’s central nervous system, ensuring the viability of the entire organisation and sustainable and long-lasting business results.
The objective of the ISM marketing strategy and management module is to present the systematic methodological framework for the executive of any level and any business function. To this end, the module applies the holistic (total) approach to marketing. It expands both the marketing and the product concepts: the product here is not only a physical product or a service, but also an organisation, a person, a potential employee, a location, an event, an idea, etc. At least half of the module study time is dedicated for the Lithuanian and foreign real business case study seminars and discussions, learning to analyse and manage uncertainties like in real life. In addition, each module participant has a unique opportunity of becoming an author of solving his business problem of concern!
Tuition fee for one module
Tuition fee for all studies
When you apply for a Master’s degree in Executive Management, you have access to a loan:
State-subsidized student loans are granted on preferential terms through credit institutions (banks). Every academic year, students can apply for a new loan to cover their tuition and living expenses.
Admission is underway
2020-06-01 – 2020-06-15