Ready for a career boost or transition? Reinvent yourself as a team manager with this unique programme! Prepared in partnership with Illinois Institute of Technology, it offers managerial skillset for specialists who do not have business background. It will give you competence to distinguish yourself from others and make positive changes in the world by driving innovation and sustainable business initiatives.
“By collaborating with leading innovative companies and world-known universities we offer today’s graduates a future-oriented education. Students of this programme can choose an elective course, during which they travel to Nagoya University of Commerce & Business (NUCB) and visit major international companies such as Mitsubishi Aircraft, Brother, Toyota, etc.”
Innovation and Technology Management programme director
higher salary compared to graduates from other LT universities
Government strategic analysis center, Economics, Finance, Business and Management fields, 2015-2018
average salary after tax, 2 years after graduation
ISM alumni survey, 2019
graduates would recommend studies
graduates work in their degree field
lecturers from abroad
owns a business
Study tour to Japan, the capital of innovations
“I moved from the USA to Lithuania in 2017, and I started studying at ISM. The program was incredibly well designed and useful. I especially appreciated the diversity of the teachers, which provided unique perspectives. The focus of my studies at ISM was a study trip to Japan. I had the opportunity to take a close look at how Japanese businesses operate, and that gave me a lot of insight into how modern, global business works.”
ISM Alumnus Michael Erixon
“I signed up for the course due to content and the schedule. This allowed me to work full time and fly down in for the weekends. The course itself was very interesting. It had a good subject and good teachers. ISM holds good standard, but most of all it has the “business” attitude and approach. This is essential as the world is very pragmatic and any theory has to obey the simple laws of supply and demand.”
Area Manager at Mowi Norway Mid
Early admission starting on November 1st
ISM alumni work at these national and international companies
“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.”
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 and 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 student or alumni, join us, refine your limits and enjoy your Coca-Cola career journey.”
HR Manager of Coca-Cola HBC 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.”
Executive Director at Bitė Lietuva
“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!”
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.”
Partner at Alliance for Recruitment
“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.”
Managing Partner at Civitta
1 year + Master thesis
Fridays (12:30-8 PM) & Saturdays (9 AM-4:30 PM)
Master in Business Management
Optional programme part: Illinois Institute of Technology
Online or at Illinois Institute of technology
This course will focus on a multidisciplinary presentation of AI as a coherent body of knowledge to acquaint the students with the key AI concepts, applications, technologies, methodologies, issues, and trends in business and management.
The course Innovation and Technology Management Seminar is a unique combination of on campus classes and an international study tour to Japan. The class is offered in the second year of studies in Fall semester and is eligible for the undergraduate and graduate ISM students. This course approaches the innovation and technology management from a resource/knowledge based view, which sees innovations as a driving force of competitive advantage of organizations through a combination of internal resources and external linkages. First part (Pre-trip sessions). 16 hours of lectures on ISM campus will focus on organizational innovation and technology management issues. First exam based on the studied material and will count 30% of the final grade. Second part (Japan study tour). A ten day study tour to Japan will include visits to Toyota, Alpen, and Brother Companies. The participants will meet with executives for round-table discussions and company site visits. Additionally, the group will also visit several places of cultural interest, Kyoto and Tokyo. This part of the course covers 16 hours of the course seminars. Third part (Final). This will include the paper that students will submit two weeks after returning to Lithuania. The topic will be determined prior to departing for Japan. The paper counts for 70% of the final grade.
Program cost: 2500 EUR. This covers the total course expenses, round-trip airfare (Vilnius_Nagoya_Tokyo_Vilnius), hotels in Nagoya (Nagoya Kanko Hotel) and Tokyo (Shinagawa Prince Hotel), Shinkansen tickets to Kyoto and Tokyo, company visits (chartered buses and assistance fee), seminars in NUCB.
Developing a new technology requires much more than an economical cost-benefit analysis of production and performance. Many aspects will influence the success of an emerging technology at its final use stage. In this course we study how we can assess the potentials and pitfalls of emerging technologies to optimize their development process. We define this “Sustainable Innovation process” as a directed process of balanced consideration of the influencing aspects to optimally guide the development of an emerging technology. The process involves a.o.:
– Actor network analysis of the many entities that can influence the technological field
– Analysis of governance and development of regulations and legislation in the field
– Life cycle check of the technology, and paths for optimizing the lifecycle to reduced footprint.
– Resource supply security and forecasts of involved materials.
– Toxicological aspects and ecotoxicological aspects
– The historical development in the field and the fundamental limitations on performance
– Competing technologies and future market analysis
This course aims at giving students experience in performing an analysis involving a combination of aspects in order to optimize the success of a product innovation process. Taking technologies relevant for the participants (in business or as private persons), as a case of a rapidly evolving technological field, we example cases of sustainable innovation, combined with state-of-art literature to give an overview of different methods being applied to guide the development.
Students will formulate their own project and work in groups on a selected case of emerging technology, and during the course present their analysis in a presentation and report. The aim is to account for the choice of method and then to formulate a substantiated recommendation for optimal development of the technology the students have been investigating.
The project cases will be developed by the students and may be based on an industrial collaborator, a research project, or a technology you find interesting in surveying to locate new potentials for innovation and development, maybe even in your further work after the course.
The course hence gives a functional introduction and hands-on experience for performing basic actor network analysis, life cycle screening, and technology assessments, but given the time constraints it will not give a full in-depth explanation on these methods.
The course focuses on strategic aspects of implementing innovations through projects. 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 analyzing and discussing contemporary innovation management practices described in academic and professional publications.
The course is designed to develop the insights and skills necessary to critically analyze, assess and improve innovation-related project work in organizations. Upon successful completion of the course, students should have a solid understanding of contemporary innovation implementation management and its benefits for their professional career.
Aim of the course
This course is designed to provide knowledge of the new product development process. This course surveys issues related to opportunity selection, concept generation, and project evaluation, among others, from the marketing perspective. We will recognize in this course that there is no exact process that guarantees a new product’s success however, we will learn the tools that will help guide a new product development team leader an upper hand in evaluating the situation they are presented with. This course is designed to provide an understanding of the new product development process and tools that can be used, build critical thinking skills by applying this information in a course project, develop teamwork, problem solving, as well as written and oral communication skills.
This course provides a modern theory of process innovation 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.
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 modeling, analysis, and techniques for performance improvement of business processes through developing a consulting project for process improvement in the selected service or manufacturing organization.
This course approaches the management of technological innovation from a resource/knowledge based view, which sees technological innovations as a driving force of competitive advantage of organizations through a combination of internal resources and external linkages. Students are introduced to the theories, models, tools and practical cases from industries by understanding what technological innovations are, why they are important, and what are needed to enable and manage technological innovations within and outside of the boundary of organizations. Although most attention will be paid to innovations made by industrial firms, relevant issues of innovations at levels of individual, team, network of organizations, and industry will be addressed as well. The weekly readings consist of a mixture of book chapters, journal articles, and cases.
The primary goal of the course is to expose students to a variety of perspectives on technological innovation, building on an active learning process and preparing for work experiences in the future.
The ability to formulate the right questions and choose the most efficient tools for seeking answers, as well as to intelligently interpret the information gathered and presented by others, is indispensable for those who want to succeed in today’s highly complex business environment. This course will equip students with both the understanding of principles that guide quality research and the tools of innovation and technology management needed to implement those principles in formulating a research project, selecting appropriate methods, collecting and analyzing data, and presenting their findings. We will focus on the practical application of the concepts and methods discussed in the course by conducting students’ own research projects and critically analyzing the research of others.
The main goal of this course is to impart knowledge and skills necessary for conducting and evaluating research in innovation and technology management field. The course will begin with the introduction to the fundamental principles that underlie approaches to research and the practical implications of these principles, including formulation of research questions, concepts of validity and reliability, and issues of research ethics. We will then proceed to unpack the main qualitative and quantitative methods used in business research. Conducting their own research projects will help develop students’ practical research skills, and analysis of published research and other students’ research projects will sharpen their ability to critically evaluate the information coming from research conducted by others. Presentation of their own research findings and discussion of others’ research will also serve to refine the students’ presentation and communication skills. Students who have successfully completed the course and all its assignments will be able to define the research question, formulate the research design, choose the appropriate methods for data collection and analysis, present and apply their findings, and critically evaluate other researchers’ output. Finally, the skills and knowledge gained in this course will also be employable during the preparation of their final theses.
The purpose of this course is to provide a basic knowledge of people management in organizations with the focus on building the innovative organization. This course surveys issues pertaining to people in the context of organizations that seek to create innovative culture, including behavior and processes related to individuals, groups, and organizational systems. During this course students will address the key themes of the subject material: an individual’s attitude and effective management of motivation, group’s behavioral dynamics, and leading for innovation via theoretical and practical discussions and HBC case analysis’ workshops.
Dr. Vida Škudienė, ISM University
Business strategy is a critical component of business success. Identifying, setting and following long-term direction for any business is essential to marshal limited resources in the most effective manner. Important aspects are not only the company’s competitive position in a market but also a many internal and external issues, that company’s management must successfully navigate.
To a large extend strategic work is about understanding these factors and reinterpreting them so that they become assets rather than restrictions. Strategy management concepts and techniques are studied during this course to address these issues. The course serves as an opportunity to develop skills for environmental and market analysis, understanding of the major business strategy issues, formulating business strategies and tactics. During this course, participants not only learn about theoretical concepts but experience first-hand issues of managing a business in a competitive landscape via simulation.
Students are going to discover knowledge and apply skills enabling them to help organizations to meet and manage significant threats and challenges. Students will learn how to analyze environment and company’s resources, generate strategic alternatives and select the most appropriate strategy for particular circumstances.
Students will learn and apply provide students the fundamental knowledge of strategic management concepts and techniques; to enable students to identify the key problem in complex, comprehensive situation. The major responsibility of students in this course to make objective strategic decisions and present well-supported recommendations for future action while justifying them through oral and written communication.
This is an introductory course created to introduce the students with no financial or accounting background to the main concepts of managerial finance. The course intends to provide students with an overview of business finance concepts, terminology, and principles. It covers both theoretical and empirical aspects of financial analysis, capital investment, valuation, and financing decisions. The course develops understanding of the business organization as a value-maximizing entity, and introduces students to the necessary theoretical models as well as practical tools for financial decision-making.
The course is designed to develop the insights and skills that are necessary to analyse and structure financial information of a business firm, to value investment projects, and to support value-adding business decisions.
The aim of the thesis is to provide an opportunity for Master degree candidates to refine, in some cases acquire, a range of skills at an appropriate level to do a competent research. A successful thesis is evidence that the candidate has acquired the minimum level of research skills and can therefore be accredited a Master degree.
You will learn from academics from all around the globe – USA, Japan, Denmark, Norway, who will share their valuable knowledge and best international practices.
“ISM has internationalization in its core philosophy. It uses faculty from institutions across the world, thus ensuring students receive a globally diverse points of view. Through programs like Erasmus ISM also attracts students from all parts of Europe, thus making the classes diverse. This allows students to learn from each other’s background and experiences.”
Dr. Gurram Gopal
Visiting lecturer from Illinois Institute of Technology
Days until early admission starts:
Admission is underway
2022-05-01 – 2022-07-01
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Research Proposal (GRAV032)
Integrated Marketing Communications (GRAV033)
Corporate Responsibility and Sustainability (GRAV034)
Customer Value Analytics (GRAV031)
Research Methodology (GRAV001)
International Consumer Behaviour (GRAV010)
Advanced Topics in International Management (GRAV028)
Marketing Research (GRAV029)
Digital and Social Media Marketing (GRAV030)
Brand Management (GRAV022)
Services Marketing (GRAV020)
New Product Development and Service Innovation (GRAV025)
Master Thesis (GRAV016)
Microeconomics of Competitiveness (GRAV027)
Advanced Corporate Finance (GRAV012)
Multivariate Statistics (GRAV007)
Game Theory and Economic Shocks (GRAE036)
Behavioral Economics (GRAE031)
Research Methodology (GRAE001)
Research Project (GRAE030)
Ethics and Economics (GRAE032)
Applied Valuation (GRAE027)
Monetary Policy (GRAE012)
Economics of Sustainability (GRAE034)
Mathematical Finance (GRAE017)
Advanced Macroeconomics (GRAE007)
Master Thesis (GRAE016)
Advanced Corporate Finance (GRAE019)
Financial Econometrics (GRAE018)
Financial Intermediation and Risk Management (GRAE035)
Alternative Investments and Derivatives (GRAE033)
Asset Pricing (GRAE021)
Alternatyvios investicijos ir rizikos valdymas (GRAE023)
Innovation Project Management (GRAI024)
Process Innovation Management (GRAI021)
Technology and Innovation Management (GRAI022)
Research Project in Innovation & Technology Management (GRAI023)
Business Strategy (GRAI012)
Business Finance (GRAI009)
Innovation and Technology Management Seminar (GRAI016)
New Product Development (GRAI014)
Master Thesis (GRAI011)
Artificial Intelligence Principles and Applications (GRAI019)
Sustainable Development of Emerging Technologies (GRAI018)
Business in Society: Creating Shared Value
Leadership Skill Development
International Project Management
Digital Transformation and Global Strategy