Development of ISM - transition to the next stage

1. Development of ISM - transition to the next stage

2. ISM in a Nutshell • Established in 1999 by Norwegian School of Management BI and the Innovation Norway • First private university in Lithuania • Campuses in Vilnius and Kaunas • Close to 1800 students • Doctoral, graduate and undergraduate studies+ Executive education • Professors from across the globe • Exchange programs with institutions from more than 20 different countries

3. The need to establish a private business school Lithuanian academics lack a modern framework – above critical mass – for developing their knowledge and skills Increased demand from customers for high-quality degree programs Needs for innovative and dynamic institutions to conduct research and courses/ programs The need for developing a new private business school in Lithuania Needs for modern market oriented training among corporate customers

4. 10 years of building the business – a stage of fast growth Challenges met • Starting from executive training to full fledged business school; • Creating new and innovative programs; • Recruiting best people for administration, faculty and research; • Creating and keeping joint value system inside the organisation;

5. 10 years of building the business – a stage of fast growth Challenges met • Building modern physical infrastructure; • Enlarging market share domestically by 20% in av. each year; • Building networks and partnerships; • Establishing awareness and recognition;

6. 10 years of building the business – a stage of fast growth Challenges met • Influencing the changes in the Law of HE of Lithuania; • Developing solid financial background to develop further.

7. UNDERGRADUATE SCHOOL • Programmes: • Management and Business Administration • Economics • Economics and Politics (in English) • 4 years full-time and part-time programmes, developed based on international expertise and local business needs

8. GRADUATE SCHOOL The International Master’s programme: • International Marketing and Management • Financial Economics • Two-year, full-time graduate programme taught entirely in English • Option of earning two diplomas (ISM and BI) • Cross cultural experience working on international teams and projects • Research based

9. EXECUTIVE SCHOOL • Master of Management Studies model developed together with Norwegian School of Management (BI) • Designed for professionals with an academic degree and work experience • Two diplomas from ISM and BI • Training for business community within areas of business administration and management Expert competences and training in all management areas: • Management psychology and skills • Leadership and personal development • Strategic management • Communication and sales • Marketing strategy and management • Project management • Changes and organization development • Financial management • Human resource management

10. RESEARCH AND DOCTORAL STUDIES • ISM Research Institute, being the centre of science and innovation, ensures innovation, internationality, and the quality of ISM studies and guarantees conformity to global science development trends • Science Council of Lithuania acknowledged that ISM has the highest quality management and business administration course doctoral studies in Lithuania • Baltic Journal of Management (BJM)is partnered with the Baltic Management Development Association (BMDA) and Emerald. In 2008 BJM has been accepted intoThomson Reuters' (ISI) Science Index BJM – a bridge between Eastern and Western managementresearch

11. Shaping Business Society • VISION: a dynamic and modern European university of management and economics, serving lifelong educational needs of individuals, business and society in general. • MISSION: professional and socially responsible development of high relevance managerial competence and economic thought. • The University was the first in Lithuania to adhere to the Principles for Responsible Management Education (PRME), a UN-backed global initiative developed to promote corporate responsibility and sustainability in business education.

12. ISM Values • Innovation – constant search for and introduction of innovations and original solutions. • Openness – sincere support of new ideas and changes, honest communication and tolerance of differences. • Quality – for us it is lifestyle and the philosophy of activity, efforts and responsibility aiming at the best results. • Professionalism – professional excellence, top competence, inner energy and self-expression. All this creates an organisation-leader. • Lifelong learning – acquisition of new knowledge and experience, sharing it with others, improvement. VALUES are the basis of our activities, the constitutionwe hold to in our everyday work and proclaim to ourclients 

13. Growth achievement

14. CAMPUSES in Vilnius and Kaunas Kaunas - the second largest city of the country The city boasts a compact, well-preserved and nurtured Old Town, which is a concentration of valuable cultural and architectural monuments Population – 364.1 thousand Vilnius - the capital of Lithuania Attractive centre for business, political and cultural meetings and events in the region of the neighbouring countries Enjoys a well-developed infrastructure of services and entertainments Population – 541.3 thousand

15. Suitable infrastructure • Modern buildings in Vilnius and Kaunas located in the Old Town • Comfortable and modern Library • Computer classes • Fast and free internet access (wireless network) • Ample space for individual and group work

16. Accreditation and Recognition • Central and East European management Development Association (CEEMAN) has awarded ISM International Quality Accreditation (IQA) • EDUNIVERSAL, the first official universal selection of 1000 business schools worldwide, placed ISM among the 300 Top World Business Schools. By this score ISM takes the leading position in Lithuania and ranks among the highest in Central and East Europe • European Credit Transfer Label (ECTS label) • Best evaluations from accreditation by the Lithuanian Centre for Quality Assessment in Higher Education

17. Growth impact on organization Growth adjustment becomes one of the most difficult challenge (Fast growth brings resources to do things but leaves little room for doing it in best way )

18. Challenges caused by the growth • Culture of growing organization is changing • Management is becoming more complex and diversified • The need for managerial competencies is growing through all the organization • Processes are becoming more complicated, autonomous, but still interrelated • Information and communication are becoming critical issues for internal efficiency • Increasing quantities of data makes control and performance measurement more difficult • The need for sophisticated tools for managing the core activities and support functions is getting essential

19. A new challenge -how to sustain the growth? Being fast is a big advantage – especially in a short distance. To lead a long race the persistent must be added. The sustainable leading position shall be supported by the high competence.

20. Few key success factors • Focused relevant research – source of knowledge creation and background for core competence development; • Experienced-based teaching supported by highly interactive methods; • Performance based competence development and motivation systems; • Flexible structural establishments with high delegation and cross functionally integrated planning, performance evaluation and control systems; • Standardized procedures for recourse, support processes and quality management; • Suitable management ICT system for managerial effectiveness and organizational competence development.

21. … and still keep monitoring the values system by meeting challenge to be: FAST, PERSISTENT, and COMPETENT