In the second year you will go into further detail concerning the different subjects by working on projects and assignments with national and international companies. You will also have the opportunity to tailor your programme in accordance with your particular interests. You will choose two modules out of six.
In this project you will function as a board member of a company and compete with other students in a simulation game. You will conduct a strategic analysis of your company and the market for your products. Based on your analysis, your experiences during the game and the theoretical underpinnings of the project, you will write a strategic report for the company.
- Introduction to main strategy and marketing theories
- Understanding the socio-economic context of businesses
- Market research and strategic analysis of organizations
- Strategic choices and strategy and marketing processes
- Introduction to the main phases of the Entrepreneurial Process and the New Product Development proces
- Reflective, hypothesis-driven approach to innovation and entrepreneurship
- Qualitative user analysis and demo building
This module offers a broad overview of how new products and services are developed. By means of a project, you will experience the approach of hypothesis-driven entrepreneurship. Lectures, case studies, and discussions of papers provide additional input for innovative and entrepreneurial practice irrespective of the organizational context.
Barbara: "The module matches the flair and environment of the University of Twente, thanks to the close cooperation with Kennispark Twente and the many new start-ups. The projects particularly were a huge and unforgettable opportunity for reaching out to businesses and developing the idea and business plan behind your own dream venture." Read more about Barbara's experience during module 6.
You will have the opportunity to customize your programme by choosing two elective modules in your second year. These electives will help you gain in-depth knowledge of a specific domain of International Business Administration. You will choose one out of the electives for each module.
Electives Module 7: choose one of the following
- Digital Marketing for Networked Businesses
The marketing profession is subject to more and more new forces and developments. The most important of these forces over the past twenty years have been the explosive growth of the internet as a commercial platform and the development of information and communication technologies. The widespread adoption of the internet and new digital technologies by organizations, governments and the public has resulted in the increasing digitalization of people’s lives and in the development of vast social and business digital networks.
The module will:
- Introduce you to marketing in these kinds of technology-mediated environments;
- Provide you with a thorough foundation for setting up, executing and controlling marketing activities in networked marketplaces;
- Identify areas of business focus. Such processes require advanced skills and knowledge of e-commerce and social media strategies and the basic understanding of the technology context.
- Supply Management
This module will offer you broad coverage of the above-mentioned financial management decisions, combining theoretical concepts with institutional & technological contexts and real-life examples.
There will also be a focus on issues related to financial innovation, financial technology, e-finance, behavioural finance, and evolving trends such as crowd funding, socially responsible investment and emerging markets investment.
What you will learn:
- You will get familiar with financial management tools and techniques used specifically by entrepreneurial startups and technology ventures;
- You will deepen your understanding of financial statement analysis and how firms interact with venture capitalists, investors and capital markets at different stages of maturity;
- You will learn how financial decisions are affected by global, economic, social and technological considerations.
- There will also be a focus on issues related to financial innovation, financial technology, e-finance, behavioural finance, and evolving trends such as crowd funding, socially responsible investment and emerging markets investment.
ELECTIVES MODULE 8: choose one of the following
- Financing Entrepreneurial Start-ups and Innovative firms
Financial managers need to take smart decisions that can create value. They communicate with the capital market and raise necessary funds to carry out the required investments; at the same time, they ensure generating sufficient cash to compensate investors who provided the capital. They also take other decisions related to financial planning, financing methods, dividend policy, risk management, mergers, acquisitions and restructurings. Small and medium-sized enterprises in particular are confronted with the option whether to continue accessing funds from banks or to go for initial public offering and issue new securities in the public capital market.
The module will therefore provide a broad coverage of above-mentioned financial management decisions. It will combine theoretical concepts with institutional & technological contexts and real-life examples.
Students will learn:
- Financial management tools and techniques that are specifically used by entrepreneurial startups and technology ventures.
- They will deepen their understanding of financial statement analysis and how firms interact with venture capitalists, investors and capital markets at different stages of maturity.
- They will learn how financial decisions are affected by global, economic, social and technological considerations.
- Focus will be given to issues related to financial innovation, financial technology, e-finance, behavioural finance, and the evolving societal trends such as crowd funding, socially responsible investments and emerging markets investment.
- Business Innovation through IT project Management
Successful IT projects innovate business functions, transform enterprises and enable organizations to reposition successfully. Unfortunately, about half of all IT projects fail, so there is a clear need to study this vexing topic.
This module teaches you how IT projects function as vehicles for realizing organizational benefits from information technology. You will also be introduced to professional international standard project management methods and techniques. You will focus on both generic and specific project management methods in innovation, transformation and repositioning contexts.
You will learn the generic project steps, outlined below:
- Project scoping and problem definition;
- IT requirements definition;
- Solution design: converting requirements into prototypes & validating business cases;
- Project portfolio management and decision methods;
- Project planning and budgeting;
- Project execution, project dash boards and continuation decisions.
We teach these steps using elements of market-leading project management methods like Prince 2 and PMBOK. We discuss each step in the contexts of innovation, transformation or repositioning projects.
After this module you will be equipped to study more complex project management governance models (like the agile and scrum methods), specific methods and techniques in global projects, and you will find you are better motivated and qualified to take on project management certificate training courses like Prince 2.
The third year of your programme consists of a minor semester, in which you can choose your own programme. For instance, you can study abroad or take additional modules to deepen your knowledge. In the second semester, you will have a module in which you will learn all about leadership, change management, business ethics and governance. You will also work on your graduation project. See the study programme for the third year.