Master of Management (MM)

Financial strategy and management

Module

This module is intended for managers seeking to modernize their approach to corporate financial management and strategy development by moving away from the traditional approach characterized by the principle of cost reduction and moving towards a value-enhancing financial strategy that ensures long-term business sustainability.

Dr. Tamara Mauricė

Head of Module

Financial strategy and management

The objective of the module

The module aims to help business owners and managers identify The module aims to help business owners and managers identify financial solutions that ensure maximum benefits for the business.

Why should you choose this module?

The module is intended for business owners and managers of various levels, whose ability to analyze and evaluate the financial condition of the business and make financial decisions, taking into account the modern context and taking advantage of the latest opportunities provided by the financial markets, will increase the value of the business and the company.

Module results

After completing the module, you will be able to choose the most suitable financial strategy for your organization, understanding how to invest profits, knowing traditional and latest financial instruments and possible financial risks.

Lithuanian

1 semester

2023 m. autumn

Download the module description
Download the module schedule

Details about the module

About module

What will you learn?

Main topics

Lecturers

About module

About module

The content of the module is relevant not only for finance managers: the chosen philosophy of the company's financial strategy must be clearly understood by all company chains, thus increasing the synergy of individual company segments in the value creation process.

The basis of the module includes the essential aspects of financial management - the evaluation of business financing alternatives and the selection of investment strategies. Within the context of these essential guidelines, the module develops the topics of business valuation, financial risk, cash flow planning, value allocation, financial technology (FinTech) and business development through mergers and acquisitions. The taught subjects examine the solutions to not only today's but also tomorrow's business financial challenges with the help of theoretical and methodological knowledge formed by science and the latest financial market opportunities.

In the module, you learn by solving real business problems, evaluating the latest available financial instruments, combining financial theory and the ever-changing practical business environment.

When preparing a group research paper, study participants have the opportunity to solve a practical problem of a company or an individual investor that concerns them, for example, choosing the optimal investment alternative; determine the factors affecting the value of the company's shares; to form optimal financial risk reduction measures

The participants of the module not only acquire the necessary theoretical knowledge of financial management, but are also introduced to the broader context of financial topics, learn to solve real financial business challenges during practical tasks, discuss with theorists and practitioners of financial strategy and management.

What will you learn?

What will you learn?

The module provides not only the necessary theoretical knowledge of financial management, but also introduces students to the real challenges of business finance. One of the most important challenges of any business - the lack of resources - becomes even more relevant during the crisis. With limited resources, we must be sure that we choose the projects that increase the economic value the most and reject useless alternatives. During the lectures, we learn different project evaluation methods that help ensure the adoption of decisions that create the greatest value.

In addition, in the face of challenges, we are more prone to make irrational decisions that can have a long-term impact on the business. By studying the topics of Behavioral Finance, we learn the anatomy of decision-making, the biases that influence our decision-making process, and learn to recognize and control them.

After completing the module, you will be able to solve essential financial questions: how to properly attract funds and effectively invest the accumulated profit? How to evaluate alternatives for financial solutions and optimally use traditional and latest financial instruments, taking into account the chosen business model? How to assess possible risks in order to expand business in international markets? How to control and prevent possible employee financial fraud in the company, thus ensuring a more sustainable business development model? What opportunities do financial technologies and innovations provide for business today? Why do most business mergers and acquisitions fail to deliver the intended synergistic benefits? How to recognize irrational financial decisions and reduce their negative impact on business?

Main topics

Main topics of the module:

Module introduction. Evolution of financial markets and corporate finance
Management of companies
Types of companies. Stock exchanges
Analysis of financial statements
Methods of evaluating investment projects
Determining the value of the company
Alternatives to the choice of capital structure
Working capital management
Working capital management
Short-term financing solutions
Long-term financing solutions
Net profit distribution decisions
Company financial risk management solutions
Features of financial management of international companies
Investments in securities and their evaluation
Business mergers and acquisitions
Financial decision-making in the context of behavioral finance and psychology

Lecturers

Dr. Tamara Maurice

Doctor of Social Sciences (dissertation topic - "Reducing the risk of an investment fund and improving
performance in periods of market turmoil by dynamically managing the investment portfolio")
In 2016, she won the Vladas Jurgutis scholarship established by the Bank of Lithuania for active scientific activity and outstanding study results
Has many years of experience in investing in financial markets, author of scientific articles on investment portfolio management, financial risk reduction, and behavioral economics
Works as the manager of the Royal Dutch Shell representative office in Lithuania

Prof. Dr. Valdonė Darškuvienė

Associate professor of ISM University of Management and Economics
Vice Rector of ISM University of Management and Economics
Expert of the Lithuanian Science Council, member of Horizon 2020 and Gender advisory groups, president of AFECA
Expert in international research project finance and company management

Dr. Marius Jurgilas

Doctor of Economics (University of Connecticut, USA)
Member of the Board of the Bank of Lithuania
In 2017, he won the Global Lithuania award for international experience for national changes
Represents the Central Bank of the Republic of Lithuania in various international economic forums,
participates in scientific conferences

Darius Klimašauskas

Represents the Central Bank of the Republic of Lithuania in various international economic forums,
participates in scientific conferences
Has more than 10 years. experience in working with the largest mergers and acquisitions (M&A), financial modeling and valuation projects in the Baltic countries
Has a general license of financial broker, is a member of the board of the Association of Financial Analysts (FAA) in Lithuania

Dr. Asta Klimavičienė

PhD in Finance (University of Manchester, United Kingdom)
Winner of the European Commission Marie Curie scholarship for doctoral studies
Member of the financial management of international and national research projects
Teacher of internal and open trainings "Finance for non-finance managers", author of the textbook "Financial Management"

Dr. Dominyka Almantė

Doctor of Social Sciences (Aarhus University, Kingdom of Denmark). Dissertation topic - "A challenge for
experts: auditors, forensic specialists and the detection of fraud"
Certified Fraud Examiner
Currently, manages the Klaipėda office of PricewaterhouseCoopers UAB, has a lot of experience in the field of financial audit, internal audit, internal control and risk management
Gives presentations at international conferences, as well as lectures at associations and companies

Dr. Algimantas Laurinavičius

Doctor of Social Sciences (dissertation topic - "The model of implementation of asset-based welfare in Lithuania")
General manager of Hanner AB, board member
Finalist of the "Manager of the Year 2015" competition
Co-author of the monograph "Guidelines for the strategic survival of Lithuania" (2018)

Dr. Antanas Laurinavičius

Doctor of Social Sciences (dissertation topic - "The impact of state risk capital on economic development")
Financial director of UAB "IKFA"
Teacher of the MBA program at the Gustave Eiffel Business School
Co-author of the monograph "Guidelines for the strategic survival of Lithuania" (2018)

Dr. Žygimantas Mauricas

Doctor of Social Sciences (dissertation topic - "Strategy of active investment portfolio management using regime change implied volatility model")
AB Luminor Bank's Chief Economist
Speaker of national and international conferences, winner of the title "Best Speaker of the Year" (2018)
Author of scientific articles on financial risk management

Dr. Dalius Misiūnas

Rector of ISM University of Management and Economics
Doctor of Science in Electrical and Electronics Engineering (Lund University, Sweden)
Dr. Dalius Misiūnas has accumulated many years of leadership practice and is actively involved in educational activities

WHAT OUR ALUMNI SAY

"This module allowed us to look at the company's financial statements, financial decisions and their influence on the company's management and strategy in a different way. The module helped to understand how, based on assumptions, juggling numbers within permissible limits helps to achieve the desired result or assess the real state of the company. It is even necessary for managers to listen to such a module in order to be able to purposefully discuss with financiers and make numerically based company management decisions."

Aiva Dumčaitienė

Alumnus of the ISM Executive School module "Financial Strategy and Management"

WHAT OUR ALUMNI SAY

"For me, as a former manager of an accounting company, the finance module expanded the purpose of using accounting reports: it enabled me to look at reports (balance sheet, profit and loss) not only as reports for state institutions, but as a tool for financial planning, i.e. preparing business plans, planning budgets, cash flows."