Sustainable Bio-Business Management

Programme overview

Bio–business – activities carried out by business organizations operating in the bioeconomy sector. Bioeconomy sector and bio-business organizations operating in it are unique in terms of management functions. First, the development of the bioeconomy sector is impossible without radical and disruptive innovation and sustainability. Radical innovations are related to the introduction of radically new technologies and sustainable management processes, they cause a lot of uncertainty for existing business models and companies, and lead to the need to create new sustainable business models. Disruptive innovations destroy an existing market and create a fundamentally new market. In addition, the bioeconomy sector is characterized by systemic rather than linear innovations, which are necessary to ensure sustainable circularity. Thus, innovation management becomes one of the cornerstones in the development of bioeconomy sector. Secondly, development of bioeconomy sector is characterized by cross-sectoral relations and includes many different sub-sectors. Thanks to cross-sectoral connections, limited biological resources can be used from energy and heat supply with the lowest added value to the production of pharmaceutical and cosmetic products with the highest value. For this reason, business planning and modelling, process and project management, human resource management and corporate social responsibility are characterized by specificity and including sustainability. Thirdly, the consequence of the development of the bioeconomy sector is newly created biological products not only from primary biological resources, but also from secondary biological resources and their waste. Thus, consumer behaviour and the search for markets for newly developed biological products are quite challenging activities for management specialists. All this presupposes the need to train specialists who can describe and explain the systems and processes of organizations and their management, social responsibility, and ethical behaviour, make reasonable and sustainable organizational management decisions, analyse unstructured problems, and propose solutions in business and public organizations and government institutions operating in bioeconomy sector. 

Programme structure

Competencies acquired 

1. Able to explain the circular economy and regularities of bioeconomy development,

describe economic, political, legal, and social context in a global society, 

evaluate it when making managerial decisions, ensuring sustainable use of resources in the organization. 

2. Able to describe and explain organizational systems and processes of planning, production, supply chain, marketing, human resources management, distribution of bioproducts and their management features in business, public organizations and government institutions operating in the bioeconomy sector.
3. Able to explain and apply biological production, processing, and conversion of resources

principles and describe the processes necessary for sustainable economic development. 

4. Able to independently collect, systematize, analyse, and interpret information and data needed for relevant research

to perform and justify management decisions in the bioeconomy sector in business and public organizations and 

in government institutions. 

5. Able to independently analyse and critically evaluate various economic, political, legal, and social factors in identifying and justifying problems in the bioeconomy sector.
6. Able to accept reasonable organizations management decisions, integrating existing and new biological resources

technologies and their effective use, including statistical data analytics, management, and application of methods. 

7. Able to prepare, evaluate and implement carry out investment projects and programs

market research, to carry out product marketing, to manage the changes taking place in a sustainable bio-business organization. 

8. Able to manage and evaluate biological

production, processing and conversion of resources technologies and technological processes, using appropriate experimental, 

analytical and statistical methods and applying it in practice. 

9. Able to discuss constructively, work effectively in a team, in a diverse and multicultural work environment, in search of sustainable, socially responsible solutions for the development of bio-business.
10. Able to communicate in writing and orally,study and work independently,think analytically and reflectively, act proactively, adapting to changes in the bio-business sector and mastering new bio and engineering technologies. 

Admission Requirements

• Minimum 60 % CGPA 
• A high school diploma or equivalent degree. 
• Proof of English Language: applicant has to present document proving B2 level (TOEFL 87-109 iBT/534-633 PBT, IELTS 5,5-6,5, Cambridge English First (FCE) 161-180, BEC Vantage 161-180, Michigan ECCE (min. 650), PTE General Level 3, TOEIC Listening & Reading 785, TOEIC Speaking & Writing 310, Duolingo 100-125, EnglishScore 400-499 (CoreSkills)) if the applicant is not native speaker and/or had not received education in English. 
• Admission score counting is based on: Mathematics * 0.4 + English * 0.4 + Motivation letter/Interview * 0.2.