Innovations and Entrepreneurship

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Innovations and Entrepreneurship

The international master study programme was developed in 2003 as the continuation of 6-year successful cooperation between the Faculty of Engineering Economics and Management (FEEM) at Riga Technical University (RTU) and Buskerud University College (HiBU), Norway. The study programme was developed after acquiring the best experience in the field of entrepreneurship and new product development, for example, by undertaking experience of Norwegian partners and the colleagues from Massachusetts Institute of Technology, the USA. Guest lecturers are involved in the implementation of the study programme.
The general aim of the study programme as of any other master study programme is to train highly qualified management specialists for both private and public sectors; the specialists who are competitive in the labour market and who are able to conduct research and carry out pedagogical work. In addition to the development of general managerial skills, particular attention is devoted to the fostering of innovative thinking, new product development and entrepreneurial mindset. To achieve the above-mentioned aims, the courses included in the study programme are developed to promote the students’ skills to generate new ideas and to implement them.
During the study process, the students acquire theoretical and practical knowledge and skills needed for the efficient management of a company and its departments. The students develop their skills necessary to work out the company’s strategy, mission and aims taking into consideration interests of the involved parties. Moreover, the students enhance their abilities to plan, predict and manage the rational activity of a company corresponding to the aims set, economic environment and situation in the labour market. Special attention is devoted to promoting innovative and creative thinking in order to ensure necessary competences for new product development.

Short about programme
Department
Faculty of Engineering Economics and Management
Programme type and level
Professional Master (Second Cycle) Studies
Study field
Management and Administration, Real Estate Management
Language
English
Study form
Full-time studies
Venue
Riga

Awarded degree and qualification
Professional master degree in business administration / organisation manager
Required previous education
Academic bachelor degree in social science or comparable education, and at least 3 years of entrepreneurial or managerial experience
Price per year
€ 4 370 - EU countries
€ 4 370 - Non EU countries
Credit point/ECTS amount
80/120
Duration of studies
Full-time studies - 2 years
Intake
Autumn
Aim

The aim of the study programme is to educate entrepreneurs, managers of institutions and organisations in strategic and change management, entrepreneurship and business planning, paying particular attention to acquiring the latest knowledge of innovations and product development.

Tasks

The general tasks of the study programme are as follows:
- to improve students’ professional skills and abilities;
- to develop analytical skills and stimulate interest in the processes, which take place in the society by analysing the economic situation of the country and trends of particular sectors, searching for connections, and evaluating the situation in the enterprise, the national economy in general and various fields of management;
- to develop research competence by elaborating Master Thesis and course papers;
- to develop ability to identify problems and solve them, to formulate goals by offering practical and innovative solutions to particular problems in Master Thesis and study courses;
- as a result of the study process, to develop students’ intelligence, to promote their mental development, to promote the use of intellectual abilities in the study process and further in their practical activities.

Courses
Career

Managers of the companies develop the strategy, mission, aims and objectives of a company taking into consideration interests of owners and society, control the performance, motivate staff and ensure communication with stakeholders; manage and control functional areas of the company: marketing, production and service organization, personnel management, finances, management information systems, logistics etc. Deputy managers plan, organize and manage company’s activities in one or several areas in the company and replace managers in their absence.
Managers / Deputy managers work at any company in any economic sector, as well as at institutions or organizations, which according to the Commercial Law are not considered companies, but perform on business principles.

Further

Doctoral studies.

Specific conditions

Requirements to enrol in the study programme:
1) professional bachelor degree and/or fifth level professional qualification, and at least 2 years of entrepreneurial or managerial experience;
2) academic bachelor degree in social science or comparable education, and at least 3 years of entrepreneurial or managerial experience.