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MBA Entrepreneurship

Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneurship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed.
Prof. Klaus Schwab,
Founder and Executive Chairman of the World Economic Forum and the Schwab Foundation for Social Entrepreneurship

✔ Entrepreneurial mind-set for achieving your life goals.

✔ Action learning, project-based methods with the emphasis on personal development.

✔ Strong social partners network.

✔ Lectures will be held according to a flexible schedule.

✔ A multinational environment.

✔ The only MBA program in Entrepreneurship in the Baltic States.

 


Program Design


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 Prof. James Bowen  

Creative Design, Testing and Prototyping
Creative Design, Prototyping, and Testing

The objective of this module is to use creative approaches to design product or services such that assumptions, risks and costs are detailed enough to present to investors a plan to test ideas with customers and stakeholders. The creative approaches will incorporate ideas such as universal design, minimum testing, risk, inhibitors, and gamification.

Content

  • Creativity, innovation, and the creative;
  • Gamification;
  • Universal design principles and design thinking;
  • Minimum variable product and testing methodologies;
  • Developing testing plans for investors including understand risk and inhibitors;
  • Practical simulation case of entrepreneurship.

Learning outcomes

  • Understanding of the nature of creativity, innovation and the creative process;
  • Ability to use gamification as a motivation approach for customers;
  • Ability to apply universal design principles and design thinking in new products and services.

Partnership Assoc. Prof. Marius Dubnikovas  

Financial Management and Venture Financing
Financial Management and Venture Financing

The purpose of this course is to develop entrepreneurial competencies in financial management and venture financing.

Content: breakdown of the topics

  • Setting Financial goals for Entrepreneurial purposes
  • Understanding Financial statements
  • Revenue and Expense Forecasting
  • Monitoring Financial Performance
  • Day to Day Cash flow Management and Forecasting
  • Start-up Financing 
  • External Sources of Financing
  • Planning for the Entrepreneur transition
Learning outcomes
  • You will be able to differentiate key financial concepts, statements and ratios, ability to analyse complex data, understanding financial implications of entrepreneurial decision-making.
  • You will be able to integrate financial knowledge in developing solutions in case studies.
  • You will be able to differentiate and appraise various sources of entrepreneurial financing.

Intellectual Property Law
Intellectual Property Law 

The purpose of this course is to develop knowledge and competencies in the field of the intellectual property law so that they know how to use them in the entrepreneurial context.

Content: breakdown of the topics

  • Intellectual property law. International, EU, and national protection of intellectual property. 
  • Copyright
  • Related rights
  • Database producers’ sui generis rights
  • Rights of transfer and passage of copyright and database producers’ sui generis rights
  • Violations of copyright, related and database producers’ sui generis rights, legal disputes, court practice. Collective administration of copyright and related rights
  • Copyright development, open content licenses
  • Industrial property, patent law
  • Brands
  • Design
  • Legal entity, trade secret, protection against unfair competition
  • Special objects of intellectual property (place of origin (geographical indication), integrated circuits topology and etc.)
Learning outcomes
  • You will be able to differentiate the key concepts, principles and models of intellectual property protection and those of the system of legal environment of intellectual property.
  • You will be able to identify the object of the intellectual property, select and provide sound arguments with reference to the chosen option of  legal protection for an intellectual creation result (product).
  • You will be able to arrange and analyse copyright, license and confidentiality agreements.

Assoc. Prof. Mindaugas Laužikas  

Opportunity Recognition and Evaluation
Opportunity Recognition and Evaluation

The purpose of this course is to develop entrepreneurial competencies in opportunity recognition via innovative business development techniques and continuously strengthening competitive advantages of an organization in volatile and dynamic markets.

Content: breakdown of the topics

  • Necessity versus opportunity- driven entrepreneurship
  • Information and knowledge management
  • Creativity enhancement systems and innovation commercialization processes
  • Innovation and opportunity drivers and obstacles
  • Financial indicators and forecasting
  • Strategic planning and coordination in change management 
  • Opportunity empowering via strategic collaboration
  • Main global trends in opportunity-driven business development
Learning outcomes
  • You will be able to interpret the main opportunity recognition-related concepts, theories, models;

    You will be able to identify and compare business development/ entrepreneurial opportunities among different regions while overviewing statistical literature and data.
  • You will be able to independently apply business intelligence models in competitors/ market analysis, and to identify the competitive advantages of their companies.
  • You will be able to facilitate innovative ideas generation process; to generate, select innovation ideas and to anticipate innovation commercialization models.
  • You will be able to measure, forecast and strategically plan the future success and efficiency of new opportunities;

    You will be able to identify strategic challenges and new opportunities within business development and to suggest optimization to business models.

 

Assoc. Prof. Juris Ulmanis  

Market Development and Commercialisation
Market Development and Commercialisation

The purpose of this module is to develop students’ entrepreneurial competencies in market development and commercialisation so that they know how to develop market viability of a new product or service and come up with a marketing strategy.

Content: breakdown of the topics

  • Marketing and Entrepreneurship; Sustaining competitive advantage of new ventures
  • Identifying Market Opportunities: market research, demand forecasting
  • Market Development: creating a new market, segmentation and targeting, product concept development, focus vs. diversification, positioning tools
  • Entrepreneurial Communication Strategy: leverage communication, overcome market resistance
  • Entrepreneurial Pricing Strategy: pricing models and tools, market expansion and pricing
  • Entrepreneurial Distribution Strategy: the power of trust in manufacturer-retailer relations
  • Building Customer relationship: managing customers, relationship marketing
Learning outcomes
  • You will be able to apply key concepts, theories and models of entrepreneurial marketing and use this knowledge to make sound marketing problem solving.
  • You will be able to use relevant low-cost marketing tools to solve entrepreneurial marketing problems creatively with limited financial resources.
  • You will be able to understand the complexities of business ethics in business context and apply it in marketing problem solving.
  • You will be able to integrate marketing knowledge into developing a strategic marketing solution.

Business Modelling and Customer Validation
Business Modelling and Customer Validation

The purpose of this course is to develop entrepreneurial competencies in business modelling and customer validation by to develop market viability of new products and/or services through coming up with operational marketing tactics.

Content: breakdown of the topics

  • Ideation and Business Models
  • Lean Start-up and Validation Planning
  • Validation Process
  • Business Model Funding
  • Minimum Viable Product
  • The Business of Pitching
  • Investor Pitch Deck
  • Share Division
Learning outcomes
  • You will be able to differentiate key concepts and methods of lean start-up methodology, to search for and recognize an innovative and scalable business model, be able to thoroughly validate a business model by applying the Lean Start-up methodology.
  • You will be able to translate the validated business idea into a set of criteria for a Minimum Viable Product and actually validate this Minimum Viable Product.
  • You will be able to know and understand customers as one of the key stakeholders of an entrepreneurial projects.

Dr. Vilija Girgždė  

Gathering Talent and Facilitating Collaboration
Gathering Talent and Facilitating Collaboration

The purpose of this module is to develop students’ entrepreneurial competencies in gathering talent and facilitating collaboration when creating, running and developing a project or a company.

Content: breakdown of the topics

  • Team formation and development
  • Role distribution and enactment
  • Team diversity
  • Managing interdependence and leading members
  • Communication in teams
  • Exercising values, building culture
  • Leveraging interpersonal relationships and social interactions
  • From individual to team performance: appraisal
Learning outcomes
  • Ability to differentiate key concepts, theories and models for effective teamwork and to apply them in changing situations.
  • Knowledge of various collaboration processes and tools and ability to apply them to facilitate group work in cross-cultural situations.

 

Partnership Assoc. Prof. Eglė Daunienė  

Gathering Talent and Facilitating Collaboration
Gathering Talent and Facilitating Collaboration

The purpose of this module is to develop students’ entrepreneurial competencies in gathering talent and facilitating collaboration when creating, running and developing a project or a company.

Content: breakdown of the topics

  • Team formation and development
  • Role distribution and enactment
  • Team diversity
  • Managing interdependence and leading members
  • Communication in teams
  • Exercising values, building culture
  • Leveraging interpersonal relationships and social interactions
  • From individual to team performance: appraisal
Learning outcomes
  • Ability to differentiate key concepts, theories and models for effective teamwork and to apply them in changing situations.
  • Knowledge of various collaboration processes and tools and ability to apply them to facilitate group work in cross-cultural situations.

Dr. Olga Štangej  

Managing Rapid Growth and Virtual Teams
Managing Rapid Growth and Virtual Teams

The purpose of this module is to develop students’ entrepreneurial competencies in managing rapid growth and virtual teams when creating, running and developing a project or a company.

Content: breakdown of the topics

  • Company and growth: stages and challenges
  • From projects to ventures: team work modes
  • Entrepreneurial growth as a collective outcome
  • Harnessing rapid growth
  • Communication in virtual teams
  • Managing interdependence and leading members in virtual teams
  • Developing culture in virtual teams
  • Sustaining competitiveness over the long-run
Learning outcomes
  • You will be able to lead virtual teams towards achievement of entrepreneurial goals, by adapting to new situations related to rapid growth, communicating a vision, contributing effectively to a virtual team environment.
  • You will be able to explain and analyse and the stakeholders and the role and specifics of virtual teams in organizations.
  • You will be able to operate effectively in cross-cultural settings, understanding the importance of globalisation, while managing rapid growth.

Partnership Assoc. Prof. Dr. Mantas Tvarijonavičius  

Leadership Competencies in Entrepreneurial Context
Leadership Competencies in Entrepreneurial Context

The purpose of this module is to develop students’ entrepreneurial leadership competencies in the entrepreneurial context when creating, running and developing a project or a company.

Content: breakdown of the topics

  • Embracing: an introduction to leadership. Different views to leadership. Leadership: inherited characteristics or learned skills?
  • Embracing: leadership and personality. Personality traits of successful leaders
  • Embracing: leadership roles and goals. Leadership in business.
  • Embracing: leadership ethics, values and culture(s). Sustainable leadership
  • Enacting: configuring leadership. Evaluation of one’s leadership abilities and skills
  • Enacting: entrepreneurial leadership. Vision. Ability to engage people around vision. Empowering people
  • Enacting: interpersonal relationships. Building trust
  • Enacting: leadership performance
  • Enacting: leadership accountability
  • Exercising: leadership styles
  • Exercising: influence through communication. Dealing with difficult situations according to leadership values and ethics
Learning outcomes
  • You will be able to understand the complexities of business ethics in team environment and act with integrity.
  • You will be able to enhance their careers and their commitment to lifelong learning, engage in entrepreneurial self-management.

Partnership Assoc. Prof. Aistė Ptakauskė  

Experiential Entrepreneurship Project
Experiential Entrepreneurship Project

The purpose of this module is to develop students’ entrepreneurial competencies by solving real-life problems and cases, as well as practically implementing knowledge and skills gained in all other modules of the study program. 

Content

  • Primary stages of a project. Project scope management;
  • Aligning the project to strategies of a social partner’s organization. Immersion into the problem or need;
  • Leadership and control of execution. Communication and negotiation;
  • Personal Creativity Machine;
  • Unique Value Proposition;
  • Project management functions and their interdependencies;
  • Time management. Development of work breakdown structure, schedules and milestone plans;
  • Cost management;
  • Study visit.
Learning outcomes
  • Ability to lead themselves and others in the achievement of entrepreneurial goals, contributing effectively to the team environment, adapting to new situations;
  • Ability to engage in productive entrepreneurial self-management in real-life problem solving;
  • Ability to integrate functional knowledge as well as apply strategic entrepreneurship skills in real-life situations.
STUDY VISIT
Study Visit

In the course of the program, all students will participate in an intensive week-long study visit either in Lithuania or abroad. The main objective of this study visit is to foster close links with different entrepreneurs a well as to get to know entrepreneurial ecosystems across Europe and beyond. Depending on the student`s choice, the study visit may take place in one of the three countries: Lithuania, the Netherlands, India. Vilnius University Business School takes full responsibility for the program of the study visit, but students will have to pay for their own travel and sustenance.

 
 

MSc vs. MBA

Investment

 
Investment to your personal development – 8,870 EUR
(For students from EU countries)
 
Investment to your personal development – 9,750 EUR
(For Non - EU students) 
 

ADMISSION REQUIREMENTS
  • Strong motivation and availability / ability to acquire entrepreneurial competences.
  • A bachelor’s degree.
  • At least 3 years of business or management work experience.
  • C1 level in English language.

 

 

Admission steps

 

APPLICATION AND SELECTION REQUIREMENTS

When applying to the MBA Program in Entrepreneurship, the applicant will have to submit a copy of a bachelor’s diploma with an academic transcript, CV and a cover letter in English.

If the admission committee decides that the applicant qualifies for the program, the applicant will be invited for an interview at Vilnius University Business School.

 

 

Have questions? Contact us!

Jovita Šneiderienė

Marketing Projects Coordinator

e-mail: jovita.sneideriene@vm.vu.lt, mba@vm.vu.lt 

tel. +370 236 61 96, mob. +370 612 46 044

 
 

Feeling inspired? We are waiting for you!

Prisijungti

Kontaktai

Vilniaus universiteto Verslo mokykla
Saulėtekio al. 22, LT-10225 Vilnius

Tel.: +370 5 236 6889
info@vm.vu.lt

Dėl priėmimo:
priemimas@vm.vu.lt

jovita.sneideriene@vm.vu.lt