International Management Studies in the Baltic Sea Region (BMS)

Business Management

This course lays the basis for further business studies. It introduces the main concepts of business management, the most important economic principles, the political, economic, social, and cultural environments in which companies operate, and the main management functions. The course on organisation provides an understanding of the most important aspects of organisation and theoretical approaches to deal with them. Topics include organisational structures, centralisation and decentralisation, single-line systems, multi-line systems, functional organisation, divisional organisation, and matrix organisation.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Axel Noack
Module code: BMSB1000
Contact hours & ECTS points: 4 hours / 5 ECTS points

Intercultural Management

Why does it take so long for a Swedish business partner to take a decision?

This is a fairly simple question - and there is also of course also an explanation to this. This explanation is to be found in the Swedish culture. Culture - not the visible part such as arts or architecture, but the invisible part such as attitudes and believes - shape the way people are conducting business in different countries or even regions. No one can know all the specific cultural aspects of a country to be taken into consideration but there are some tools to detect and understand them.

In this course we will develop an understanding on how to identify and react and to different business cultures in a appropriate and efficient way. And of course you will be able to test your newly acquired knowledge in a project work – experiencing that working with different cultures is not that easy 

For more details, please refer to the complete module description. 

Lecturer: Prof. Dr. Björn P. Jacobsen
Module-Code: BMSB1100
Contact hours & ECTS points: 4 hours / 5 ECTS points

Academic Core Competencies

The ability to present the results of one’s work adequately both orally and in written form, is an essential prerequisite for meeting the requirements of the course of study and of students’ careers.

The core learning objective is your understanding that successful communication puts the audience, its values and needs in the centre. You will learn to analyse situations and choose rhetorical and linguistic tools appropriately. All theoretical insights will be practised extensively.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Natasch Loebnitz
Module code: BMSB1200
Contact hours & ECTS points: 4 hours / 5 ECTS points

Accounting

To understand and use accounting information is an important ingredient of any business undertaking and vital to make sophisticated decisions. The module “Cost Accounting“ delivers the basic approaches for understanding financial and managerial accounting figures und the corresponding processes. The gained theoretical knowledge is being applied in tasks close to reality and case studies. Students learn how decisions influence profitability and liquidity and as a result the success of businesses.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Marcus Scheibel
Module code: BMSB1300
Contact hours / ECTS points: 4 hours / 5 ECTS points

Basics of Business Law

Students get fundamental knowledge of German and European Business Law. This means primarily the Constitutional and European Basis, the division between Public Law and Private Law, the Sources of Law, the Basic Principles of State, Basic Rights and the Basics of European Law including the Organization of the EU and the Fundamental Freedoms. It aims to give structure and systematical understanding of the Basics of Business Law. The students develop the ability to solve practical cases with the so-called method of claims (Anspruchsmethode) and learn to solve a legal problem in a systematical way. The students should be able to work in the field of contract requirements and defects of contract, a core chapter for much litigation in business. The course helps to get a better understanding of further Law courses during the studies.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Christian Piroutek
Module code: BMSB1400
Contact hours & ECTS points: 4 hours / 5 ECTS points

2nd Foreign Language I (A1 of CEFR)

In diesem Sprachmodul erwerben Sie Grundkenntnisse in der von Ihnen gewählten zweiten Fremdsprache. Basierend auf der Vermittlung von relevantem Wortschatz und grundlegender Grammatik trainieren und erweitern Sie systematisch Ihre Fähigkeiten und Fertigkeiten in verstehendem Hören und Lesen sowie Sprechen und Schreiben.

Mit modernen praxisorientierten Lehr-, Lern- und Trainingsmethoden und aktuellen Lehrwerken bauen Sie alltagsorientierte kommunikative Kompetenz in der zweiten Fremdsprache auf.

Damit legen Sie Grundlagen für Praktika, Studien und Arbeit im jeweiligen Land.

Module code: BMSB1500
Contact hours & ECTS points: 4 hours / 5 ECTS points
Language: BMSB1510 German as a Foreign Language I or BMSB1520 Norwegian I or BMSB1530 Polish I or BMSB1540 Russian I or BMSB1550 Swedish I

For more details, please refer to the complete module description.

Principles of Economics

This module will present and discuss traditional macroeconomic principles and tools and their applications in the age of sustainable development and the wave of globalization. This module  equips you with an essential understanding for the workings of economies, for the interaction of the central players of individual markets, supply & demand (Microeconomics)  The module is supported by additional material on current issues (newspaper articles, and current affairs programmes) you will deepen essential knowledge about the interplay of economic actors on national and international levels and on policies directed at guiding and supporting current economic systems.

You will be required to apply the knowledge gained to current issues of national and international economic decisions, present your results in class and defend your position.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Eileen Murphy
Module code: BMSB1600
Contact hours & ECTS points: 4 hours / 5 ECTS points

Logistics & Supply Chain Management

Efficient and effective logistics and supply chains are essential to the economy and society as a whole. The logistics sector employs millions of people across the world.  Students will learn the essentials of logistics and supply chain management and learn basic supply chain principles, before expanding this perspective on the impact and influence of global supply chains. 

Global supply chains can also have a high environmental cost, global freight transport doubled in terms of volume during the last decade and will continue to grow rapidly for many years to come. This leads to congestion on the road and rail networks, delays at sea and airports and accelerated pressures on transport infrastructures. In this module students will explore some of the main changes which can be made in supply chains to improve environmental stewardship, reduce damage and ensure that sourcing, manufacturing and distributing products are done in a sustainable way. 

This module also include tools and techniques for logistics which can help to mitigate these effects with a number of policy and operational measures that improve the efficiency of energy consumption and emissions of freight vehicles and contribute to the overall efficiency of supply chains.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Eileen Murphy
Module code: BMSB1700
Contact hours & ECTS points: 4 hours / 5 ECTS points

Data Literacy

Developed skills in mathematical thinking help to systematically solve problems also out of the domain of mathematics. In working life, these skills are important to make management decisions with respect to their future consequences.

The lecture covers basic mathematical techniques with a focus on business applications such as linear equations, financial mathematics and basics of data analysis such as descriptive measures and data visualization and dependency between variables as well as an introduction to matrices.

For more details, please refer to the complete module description. 

Lecturer: Dr. Jan Wosnitza
Module code: BMSB1800
Contact hours & ECTS points: 4 hours / 5 ECTS points

Project Management

What do the latest Volvo model, IKEAs range of kötbullar and the annual Baltic Sea Forum in Stralsund have in common?

The answer is simple: They are all created using basic principles of project management. Increasingly companies and organizations worldwide use the project management approach to create new products, develop new service concepts, organize events or create new infrastructures like airports or opera houses. Such projects are typically performed under pressure of time, using tight budgets and with great expectations.

In this module you will learn on how to set-up, manage and deliver a successful project using a set of standard project management tools. And of course you will have a chance to apply your knowledge in a real project environment.

For more details, please refer to the complete module description. 

Lecturer: Prof. Dr. Björn P. Jacobsen
Module code: BMSB1900
Contact hours & ECTS points: 4 hours / 5 ECTS points

International Law

This course attempts to give an insight into the legal foundation of European and International law. Students will have a basic understanding of the relevant regulations in an international context. The course provides an in-depth understanding of both the practical and the theoretical aspects of running business in the framework of International and European law, including constitutional and free market principles. The lectures explain legal relationships between contract parties in cross-border cases as well as the legal foundation of the work of international and supranational organisations. The participants of the module will have a better understanding of the legal questions regarding cross-border transactions and of the functioning of International and European Organisations and their legal basis.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Ciarán Burke (external lecturer)
Module code: BMSB2000
Contact hours & ECTS points: 4 hours / 5 ECTS points

2nd Foreign Language II (A1+ / A2 of CEFR)

In diesem Sprachmodul erwerben Sie Grundkenntnisse in der von Ihnen gewählten zweiten Fremdsprache. Basierend auf der Vermittlung von relevantem Wortschatz und grundlegender Grammatik trainieren und erweitern Sie systematisch Ihre Fähigkeiten und Fertigkeiten in verstehendem Hören und Lesen sowie Sprechen und Schreiben.

Mit modernen praxisorientierten Lehr-, Lern- und Trainingsmethoden und aktuellen Lehrwerken bauen Sie alltagsorientierte kommunikative Kompetenz in der zweiten Fremdsprache auf.

Damit legen Sie Grundlagen für Praktika, Studien und Arbeit im jeweiligen Land.

Module code: BMSB2100
Contact hours & ECTS points: 4 hours / 5 ECTS points
Language: BMSB2110 German as a Foreign Language II or BMSB2120 Norwegian II or BMSB2130 Polish II or BMSB2140 Russian II or BMSB2150 Swedish II

For more details, please refer to the complete module description.

Corporate Finance

“Corporate Finance” is the area of finance dealing with monetary decisions business enterprises make and the tools and analyses used to make these decisions. The module delivers the basic approaches for the understanding of figures, numerical data and the calculation basis to determine the efficiency of investments and tools of financing. The theoretical knowledge is being applied in tasks close to reality, case studies and every day information in the financial news. Students learn how decisions influence profitability and liquidity and as a result the success of business decisions.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Marcus Scheibel
Module code: BMSB2200
Contact hours / ECTS points: 4 hours / 5 ECTS points

Financial Markets and Institutions

Financial markets finance much of the expenditures by corporations, governments, and individuals while financial institutions are important intermediaries in financial markets. In the class “International Financial Markets and Institutions” students learn the complex world of international finance and the use of financial markets mainly for the use of financing international activities of non-bank corporates and to a limited extent for investing excess cash. The gained theoretical knowledge is being applied in tasks close to reality and case studies. By the mix of theory and reality, students learn to analyse real situations by using and validating theoretical concepts in different business situations. 

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Marcus Scheibel
Module code: BMSB2300
Contact hours / ECTS points: 4 hours / 5 ECTS points

Introduction to Marketing

Introduction to Basic Marketing aims at providing the theory of marketing as a whole. It lays the foundation for the discussions of specific marketing problems. There will be an introduction to the basic methods used in marketing management and understanding the function of marketing within a company both, from strategic and operational view. Further a business game will be held to show the interdependency of marketing instruments. Case studies and the business games will challenge the students to make decisions within the marketing management process.

For more details, please refer to the complete module description. 

Lecturer: Prof. Dr. Axel Noack
Module code: BMSB2400
Contact hours & ECTS points: 4 hours / 5 ECTS points

Introduction to Trade

Nobody thinks that Germany should grow its own bananas. People believe that some international trade is beneficial, however, people are skeptical about trade in goods that a country can produce itself. Should Germans buy German goods to support keeping and creating jobs in Germany? If you would like to explore these topics in more depth, welcome to this course.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Eileen Murphy
Module code: BMSB2500
Contact hours & ECTS points: 4 hours / 5 ECTS points

Analytical Statistics

„I keep saying the sexy job in the next ten years will be statisticians. … The ability to take data – to be able to understand it, to process it, to extract value from it, to visualize it, to communicate it’s going to be a hugely important skill in the next decades.” (Hal Varian, Chief Economist Google, In: The McKinsey Quarterly, 2009)

The lecture on statistics covers the basic concepts of data analysis and statistical inference, i.e. how data can be transferred into knowledge. Further, visualization techniques are presented that can be used for management presentations.

For more details, please refer to the complete module description. 

Lecturer: Prof. Dr. Gero Szepannek
Module code: BMSB2600
Contact hours & ECTS points: 4 hours / 5 ECTS points

2nd Foreign Language III (A2 / B1 of CEFR)

In diesem Sprachmodul erweitern Sie Ihre Kenntnisse in der von Ihnen gewählten zweiten Fremdsprache. Aufbauend auf den Modulen „2^nd Foreign Language I und 2^nd Foreign Language II“ und den dort erworbenen Fähigkeiten und Fertigkeiten in verstehendem Hören und Lesen sowie Sprechen und Schreiben konsolidieren Sie Ihre kommunikative Kompetenz und erweitern systematisch Ihren Wortschatz.

Mit modernen praxisorientierten Lehr-, Lern- und Trainingsmethoden und aktuellen Lehrwerken sowie mit Originalmaterialien erwerben Sie zusätzliche Fähigkeiten und Fertigkeiten für Praktika, Studien und Arbeit im jeweiligen Land.

Module code: BMSB2700
Contact hours & ECTS points: 4 hours / 5 ECTS points
Language: BMSB2710 German as a Foreign Language III or BMSB2720 Norwegian III or BMSB2730 Polish III or BMSB2740 Russian III or BMSB2750 Swedish III
 

For more details, please refer to the complete module description.

Comparative Country Studies

This module teaches background knowledge on which the special modules of later semesters build. Students are provided with a broad understanding of the political and economic history of the region and its interplay with the current trends of development of the Baltic Sea region as a whole as well as with the peculiarities of the individual countries.

In the second part of the module, chosen aspects (e.g. works of art, literature, education) are dealt with in more depth. All students specialise in one country of their choice from their target region.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Eileen Murphy
Module code: BMSB2800
Contact hours & ECTS points: 4 hours / 5 ECTS points

International Risk Management

To succeed in today’s world, corporations need to manage their business risks. In the module “International Risk Management” students learn to identify, assess, and measure risks. And with the help of advanced financial tools develop countermeasures to mitigate different international business risks. Students learn the complex world of international risk management and the use of advanced financial tools such as options and futures to mitigate the business risks different types of corporation face. The gained theoretical knowledge is applied in case studies and analyses of the reality on international financial markets. Thereby students learn to understand the problems, chances and risks in international business.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Marcus Scheibel
Module code: BMSB2900
Contact hours / ECTS points: 4 hours / 5 ECTS points

Human Resource Management

For more details, please refer to the complete module description.

Lecturer: Johanna Kunath (external lecturer)
Module code: BMSB3000
Contact hours & ECTS points: 4 hours / 5 ECTS points

International Marketing

This module provides the necessary theoretical background in the field of international marketing with a particular focus on the international marketing environment, the most important cultural influences, and ways of dealing with them. This knowdledge is applied to practical examples that illustrate how companies can address customers in multiples markets and communicate with them effectively. Students work on projects that provide first-hand experience of how this theory is applied to practice.

For more details, please refer to the complete module description.

Lecturer: Prof. Dr. Axel Noack
Module code: BMSB3100
Contact hours & ECTS points: 4 hours / 5 ECTS points

SAP Business Computing

Information technology permeates all areas of business and modern companies. Most of these companies use Enterprise Resource Planning Systems (ERP System) to plan and track their business resources and the status of their business commitments. ERP systems provide an integrated, homogeneous application system supporting the core business processes using common databases.

You will become familiar with the objectives and functionality of standard business software in the area of Enterprise Resource Planning. And you will gain practical experience in using the market leading ERP system SAP S/4HANA  to support selected business processes. These are processes in Sales and Distribution, Material Management, Controlling and Human Resources.

In the next step, enterprises need to analyze and present data originating from such ERP systems to be able to make skilled decisions. You will acquire practical reporting and visualization knowledge using state-of-the-art tools. Here, the rules of International Business Communication Standards (IBCS) will enable you to design professional and effective reports.

For more details, please refer to the complete module description.

Lecturers: Prof. Dr. Petra Strauch / Prof. Dr. Knut Verbarg
Module code: BMSB3200
Contact hours & ECTS points: 4 hours / 5 ECTS points

2nd Foreign Language IV (A2+ / B1+ of CEFR)

In diesem Sprachmodul erweitern Sie Ihre Kenntnisse in der von Ihnen gewählten zweiten Fremdsprache. Aufbauend auf den Modulen „2^nd Foreign Language I und 2^nd Foreign Language II“ und den dort erworbenen Fähigkeiten und Fertigkeiten in verstehendem Hören und Lesen sowie Sprechen und Schreiben konsolidieren Sie Ihre kommunikative Kompetenz und erweitern systematisch Ihren Wortschatz.

Mit modernen praxisorientierten Lehr-, Lern- und Trainingsmethoden und aktuellen Lehrwerken sowie mit Originalmaterialien erwerben Sie zusätzliche Fähigkeiten und Fertigkeiten für Praktika, Studien und Arbeit im jeweiligen Land.

Module code: BMSB3300
Contact hours & ECTS points: 4 hours / 5 ECTS points
Language: BMSB3310 German as a Foreign Language IV or BMSB3320 Norwegian IV or BMSB3330 Polish IV or BMSB3340 Russian IV or BMSB3350 Swedish IV

For more details, please refer to the complete module description.

Major: Management

BMSB4000 Lean Management

Lecturer: Prof. Dr. Eileen Murphy
Contact hours & ECTS points: 2 hours / 5 ECTS points

Part I: BMSB4110 Innovation Management

Lecturer: Prof. Dr. Björn P. Jacobsen
Contact hours & ECTS points: 2 hours / 2 ECTS points

BMSB4400 International Management (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: Finance and Trade

BMSB5000 Valuation

Lecturer: Prof. Dr. Marcus Scheibel
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSIB5100 Economics Integration and MNEs

Lecturer: Prof. Dr. Dirk Engel
Contact hours / ECTS points: 2 hours / 5 ECTS points

BMSB5400 International Finance and Trade (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: Marketing

BMSB6000 Marketing - Business Plan

Lecturer: Prof. Dr. Axel Noack
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSB61000 Intercultural Media Analysis

Lecturer: Prof. Dr. Axel Noack
Contact hours / ECTS points: 2 hours / 5 ECTS points

BMSB6400 International Markets and Communications (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: German Business

BMSB7000 Betriebswirtschaftsliche Steuerlehre I

Lecturers: Prof. Dr. Ulrich Niehus | Prof. Dr. Beate Sieven
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSB7200 Wirtschaftsrecht I

Lecturer: Prof. Dr. Claudia Danker
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSB7400 International German Business (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: Management

Part II: BMSB4120 Idea Generation & Assessment

Lecturer: Prof. Dr. Björn P. Jacobsen
Contact hours & ECTS points: 2 hours / 3 ECTS points

BMSB4200 Intercultural Management & Psychology (5 ECTS-Points)

Lecturer: Prof. Dr. Björn P. Jacobsen
Module code: BMSB4210 Intercultural Management (Advanced)
Contact hours: 2 hours

Lecturer: Charlotte Jacobsen (external lecturer)
Module code: BMSB4220 Introduction to Psychology
Contact hours: 2 hours

BMSB4300 Future Management

Lecturer: Prof. Dr. Björn P. Jacobsen
Contact hours & ECTS points: 2 hours / 5 ECTS points

BMSB4400 International Management (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: Finance and Trade

BMSB5200 Managing Value

Lecturer: Prof. Dr. Marcus Scheibel
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSB5300 International Commercial Law and Dspute Resolution 

Lecturer: Prof. Dr. Christian Piroutek
Contact hours / ECTS points: 2 hours / 5 ECTS points

BMSB5400 International Finance and Trade (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: Marketing

BMSB6100 E-Marketing

Lecturer: Prof. Dr. Axel Noack
Contact hours / ECTS points: 4 hours / 5 ECTS points
 

BMSB6300 Social Media Marketing

Lecturer: Prof. Dr. Axel Noack
Contact hours / ECTS points: 2 hours / 5 ECTS points

BMSB6400 International Markets and Communications (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Major: German Business

BMSB7100 Betriebswirtschaftliche Steuerlehre II

Lecturer: Prof. Dr. Beate Sieven
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSB7300 Wirtschaftsrecht II

Lecturers: Prof. Dr. Claudia Danker | Prof. Dr. Christian Piroutek
Contact hours / ECTS points: 4 hours / 5 ECTS points

BMSB7400 International German Business (Module for the mandatory semester abroad in the 5^th or 6^th semester)

Practical Insights

In the module students will significantly improve their international and cross-cultural competence. Furthermore, the students will deepen their theoretical knowledge of their studies. They will see how real business is run and how theoretical models are applied.

For more details, please refer to the complete module description.

Workload: 2 SWS / 5 ECTS-Points
Module-Code: BMSB3600

Applied Project Management

This module prepares students for the organisation of further events. Students learn to interact with other stakeholders in event organisation within their university.

For more details, please refer to the complete module description.

Workload: 2 SWS / 5 ECTS-Points
Module-Code: BMSB3700

Scientific Circle for Bachelor Thesis

Students show that – on the basis of the theoretical and practical knowledge gained during their studies – they are able to independently resolve a scientifically and commercially relevant problem by studying the facts, providing new insights, drawing conclusions and giving recommendations.

For more details, please refer to the complete module description.

Workload: 5 ECTS-Points
Module-Code: BMSB3800

Bachelor Thesis

The module is the final element of the studies, with students having to bring together all theoretical and practical skills gained in the course of 7 semesters.

For more details, please refer to the complete module description.

Workload: 12 ECTS-Points
Module-Code: BMSB3900