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Testimonial

Andrius Akelaitis
Company :
KG Group
Duty :
Director for poultry technologies and product development

According to Herbert Spencer, “science is organized knowledge” and “the great aim of education is not knowledge but action”. The two statements describe perfectly my decision to start studies at ISM’s Executive Master of Management programme five years ago.

We live in times of redundant information, when one of the challenges is to pick out the primary, objective information and receive knowledge in its original form. In addition, when we take into account the accelerating rhythm of life, the right knowledge must be gained quickly and surely. When taking daily business decisions, we rarely have time for elaborate situation analysis which would lead to a definitely optimal solution in managing business risk. Often we have to make a decision instantly and with time it becomes intuitive. A short time between theoretical comprehension and practical application is one of the indicators of quality in studies, and ISM has it.

In the case of an interdisciplinary €32 million project – building and opening a new food production factory – I had to take deliberate decisions, and every day of delay of such decisions affected the business and project’s budget, timeline etc. On occasions such as these I truly appreciated the knowledge and skills I had gained, which enabled me to make decisions, which could not be changed after the facility and production lines were completed, e.g. the installed energy resources’ control systems enable activity-based costing. Accurate costs on the product level, instead of average production costs for product group, is a competitive advantage in the food production sector. I learned about this methodology during my studies at ISM. Otherwise, I would not have planned the budget for the system’s equipment and software, and it would not have been implemented. There are similar examples from Strategic Management and Applied Organisation Psychology modules as I had to decide which technologies should be implemented first when opening the factory, and how to bring together a united project team to reach the goal.

I especially value these studies, because the ISM academic community and teaching guests are able to translate theory into relevant practical examples and show how it is applied. Information during classes is concentrated with references to additional sources. The Heads of modules ensure that study material is new and relevant, and ISM Library staff are very helpful with finding the right information. All these factors combined to completely fulfil my expectations, and, I believe, also those of my fellow students.

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