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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

  • You will understand the nature of creativity, innovation and the creative process;
  • You will be able to use gamification as a motivation approach for customers;
  • You will be able 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.

Prof. Jūratė Liauksminaitė  

Intellectual Property Law
Intellectual Property Law 

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

Content

  • Concept of Intellectual Property. Protection of Intellectual Property on International, EU and national levels;
  • Copyright;
  • Legal protection of Related Rights;
  • Transfer of Authors and Related rights. Copyright contracts;
  • Legal protection of trade secrets and know-how. Protection against unfair competition;
  • Patent Law;
  • Trademark Law;
  • Design Law;
  • Legal protection of trade names and domain names;
  • Enforcement of Intellectual Property rights.
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 analyze copyright, license and confidentiality agreements.

Partnership Prof. Ramūnas Birštonas   

Intellectual Property Law
Intellectual Property Law 

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

Content

  • Concept of Intellectual Property. Protection of Intellectual Property on International, EU and national levels;
  • Copyright;
  • Legal protection of Related Rights;
  • Transfer of Authors and Related rights. Copyright contracts;
  • Legal protection of trade secrets and know-how. Protection against unfair competition;
  • Patent Law;
  • Trademark Law;
  • Design Law;
  • Legal protection of trade names and domain names;
  • Enforcement of Intellectual Property rights.
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 analyze copyright, license and confidentiality agreements.

Prof. Mindaugas Laužikas  

Opportunity Recognition and Evaluation
Opportunity Recognition and Evaluation

The purpose of this course is to develop students’ entrepreneurial competencies in opportunity recognition via innovative business intelligence and information analysis techniques, which will help identify niche and continuously strengthen competitive advantages of a venture in volatile and dynamic markets.

Content

  • Necessity versus opportunity entrepreneurship; niche identification within factors, efficiency and innovation-driven economies; opportunity identification in each category of countries across various industries (in particular focused on process and service innovation);
  • Information and knowledge management; Business Intelligence and data analysis techniques;
  • 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 independently apply business intelligence models in competitors/market analysis as well as to identify competitive advantages of the companies;
  • 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, risks and new opportunities within business development.

 

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.

Dr. Bram Kuijken  

Business Modelling and Customer Validation
Business Modelling and Customer Validation

The purpose of this course is to develop students’ entrepreneurial competencies in building a viable business model and thoroughly validating it through the process of customer validation.

Content

  • Start with the problem;
  • Are you really creating value?
  • From assumptions to facts;
  • Build your Minimum Viable Product and your business model;
  • Get out of the building;
  • Pivot or Persevere and Pitching.
Learning outcomes
  • You will be able to build a coherent and viable business model by applying tools such as the Lean Canvas and Business Model Canvas and by applying the Lean Start-up methodology;
  • You will be able to formulate testable critical assumptions that underlie the identified business model;
  • You will be able to apply the process of customer validation and select and apply a set of validation tools to thoroughly validate the critical assumptions.

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

  • 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
  • You will be able to differentiate key concepts and models for effective teamwork and apply them in changing situations.
  • You will learn about various collaboration processes and tools, and you will be able 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

  • 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
  • You will be able to differentiate key concepts and models for effective teamwork and apply them in changing situations.
  • You will learn about various collaboration processes and tools, and you will be able 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

  • 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 your career and commitment to lifelong learning, as well as 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
  • You will be able to lead themselves and others in the achievement of entrepreneurial goals, contributing effectively to the team environment, adapting to new situations;
  • You will be able to engage in productive entrepreneurial self-management in real-life problem solving;
  • You will be able 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 weeklong study visit either in Lithuania or abroad. The main objective of this study visit is to foster close links with different entrepreneurs as 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 (creative entrepreneurship), the Netherlands (social entrepreneurship), India (technological entrepreneurship). 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 in Your Personal Development

 

10,000 EUR before March 3, 2019

12,000 EUR after Mach 3, 2019

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.

 

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.

DIPLOMA

University studies shall be completed when all requirements of the chosen full-time study programme are fulfilled. Graduates of University study shall receive a diploma certifying hereof.

If students fulfil the first and second cycle full-time study programmes with especially high results, they are issued a special CUM LAUDE diploma. If students fulfil the second cycle full-time study programme or the integrated study programme with especially high results and have distinct scientific competence, they are issued a special MAGNA CUM LAUDE diploma.

Diploma Supplement which identifies study subjects, their content and results, is issued together with diploma. Diploma Supplement is a document that complies with the model agreed by the European Commission, the Council of Europe and UNESCO/CEPES; it supplements a higher education, Master or Bachelor diploma with the data required for international academic and professional recognition, provides description of the nature and contents of the studies completed by its holder and gives details on the national higher education system.

Diploma Supplement is produced in Lithuanian and English and is issued to all graduates since 2006 automatically and free of charge as an integral part of diploma. 

 

 

Have questions? Contact us!

dr. Jolanta Mickutė

e-mail: jolanta.mickute@vm.vu.lt, mba@vm.vu.lt 

mob. +370 691 75 821

 
 

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