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Professional MBA Entrepreneurship & Innovation – (MBA)

Application Deadline: annually, June
Annual Tuition Fee: ≈ € 27,500 -
Location: Vienna / Austria / View location on map ▾ Hide location on map ▴
Duration: 18 months Start Date: October
Educational Form:
  • Taught
Education Variants:
  • Parttime
Languages: English 
16.357985,48.230944

Location of WU (Vienna University of Economics and Business)

Conducting business in an entrepreneurial way and having the capacity for innovation are the most important competitive factors in many sectors. Today, the existing economic structures are altered through innovation. Companies failing to rise to this challenge disappear from the market place. The ability to seize entrepreneurial opportunities will become a key qualification for executives and managers. The specialization in Entrepreneurship & Innovation communicates the appropriate skills and techniques teaching entrepreneurial thinking and acting. It is particularly at the interface between economics and technology that there lies a great deal of unexplored potential.

The Vienna University of Economics and Business Administration and the Vienna University of Technology offer jointly a Professional MBA program of the highest international standard. This program builds a special potential for success by combining technological excellence and managerial performance competence.

The Professional MBA Entrepreneurship & Innovation is primarily targeted towards those individuals who operate at the interface between technology and economy, or who wish to do so in the future:

* Employees of companies or self-employed individuals who have positioned themselves as innovation leaders, or who wish to do so
* Engineers, scientists and employees working in
the fields of product marketing and product controlling with leadership experience
* Employees who have made the first steps in their career
and want to be prepared to take over an interdisciplinary, innovation-oriented management function
* Potential founders with technological background

Focus

* Sources of innovation
* Innovation strategies
* The marketing of innovation
* Innovation organization
* Financing and controlling of innovation
* Entrepreneurial leadership

International Faculty

Faculty consists of international faculty as well as of top executives. World-renowned professors and professionals - each an expert in his or her field - provide latest scientifically based knowledge as well as in-depth views of state-of-the-art applications of management models.

Didactic Design

The didactic design, consisting of pre-, core- and post-module work, ensures an efficient learning transfer while participants follow their professional career. Various pedagogical approaches such as case studies, presentations, group work, etc. are being used.


Contents

The part-time Professional MBA program offers participants to master the Business Core while ensuring a maximum flexibility to foster their individual needs and ambitions during the "Specialization" modules.During the Business Core part, the first six months, participants focus on comprehensive core general management knowledge and techniques as well as leadership.During the specialization part, lasting 12 to 18 months, participants may select one out of 11 specializations. The specialization modules allow participants to gain profound knowledge, competency and expertise in a chosen function or industry.

All specializations have been designed with the demands of current business practice in mind. Moreover, they aim to prepare participants for future changes arising from increasing environmental uncertainty and globalization. To this end, curricula have been developed by academics faculty in close cooperation with specialists and top executives from industry.

The Professional MBA Program comprises of general economic science modules and specialized in-depth modules.

The basic modules of economic science (referred to as the Business Core) raise all of the participants to a common level of sound, fundamental economic knowledge and serve as quality assurance for knowledge that has already been acquired.

After that the professional specialization and immersion in the subject matter take place. The final part of the MBA Program serves for the consolidation and integration of what has been learned, as well as the writing of a practically orientated masterthesis.

Curriculum

Business Core:

Individual- Group- Innovation (Outdoor Module)

* Managing People
* Managing Organizations
* Competetive Analysis and Strategy
* Data Analysis and Decision Making
* Financial Reporting
* Financial Management
* Operations Management
* Controlling
* Marketing Management
* Global Markets
* Information Systems Management
* Managerial Economics
* Entrepreneuship and Innovation
* Leadership
* Ethics and Corporate Social Responsibility

Specialization:

Sources of Innovation

* Potential sources of innovation & ideas for future products
* Internal & external sources of innovation - ‘open innovation’
* Concepts for commercially viable innovation - identification & evaluation

Innovation Strategies

* Transparent innovation strategy focusing on systematic integration of aspects
• Corporate foresight
• Promising market applications for new technologies
• Timing
• Uncertainty in the innovation process
* Technology analysis
Co-operation & strategic partners
Technology acquisition
Intellectual property rights

Innovation Marketing

* Innovation - strategic imperative for global companies adapting to heterogeneous markets
* Dynamic markets - the challenges faced by innovative companies
* Increasing heterogeneity of demand
* Rapid change of client preferences
* Successful aligning of research, design & marketing with current & potential customers

Organisation of Innovation

* Organizational capacity for sustainable innovation - identification & evaluation
* General business processes & practices
* Innovation methodologies & tools
* Factors driving people in a corporate setting
* Organizational structures enabling collaboration between departments

Innovation Financing and Controlling

* Financing & controlling as the backbone of innovation processes
* Venture capital applications
* Management control of innovation processes
* Specific application fields & corresponding impact

Entrepreneurial Leadership

* Effective business plan development:
• Strategy
• Marketing
• Organization
• Financing
• Staffing
* New venture creation in high-tech companies:
• Large multinationals
• Small & medium enterprises
• Start-ups

Master Thesis

IELTS

You are normally required to take an English Proficiency Test.

Most European Universities recognise the IELTS test.

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GRE® revised General Test

GRE Scores are accepted at business schools worldwide. Learn more and register.

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Requirements

The minimum requirements for admission to the program are:

* Undergraduate degree (equivalent to a bachelor´s degree)
* Significant professional experience (min. 3 years)
* Personal interview with the academic director of the program
* Modules are held in English, thus excellent verbal and written English is absolutely necessary

Additional Requirements

Minimal degree required: Bachelor's degree
Minimal amount of work experience 3  years

Accreditation

EQUIS

AMBA

FIBAA


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