YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference 15April 26-28, 2017, Donja Gorica, Montenegro

SINCERE APPRECIATION FOR CONFERENCE SUPPORT!

PARTNERS Dear Friends and Colleagues,

Welcome to the 15th Annual BMDA Conference “You Don’t Have to Be Big to Be Successful”, which this year is taking place in Donja Gorica, Montenegro! Many people think that success comes only, if you are big, have a lot of resources, and already have established position in the market. We believe that the strength of any organization comes not from outside (resources, size, market share, etc.), but from inside. Organization needs to create a strong and reliable internal culture of mutual trust and respect, which would inspire creativity, innovative solutions, as well as constructive debate, while searching for non-standard solutions. Such culture operates in the same way, as the immune system of the person. It protects organization from any unexpected and hostile change from outside. It also helps to find the most optimal solution in every case and situation. It is impossible to slow down or stop the changes, that are becoming more and more rapid in our days. But it is possible and even required to prepare organization to cope with those predictable and unpredictable changes. For that we need to know why, what, when and how the actions should take place as well as who will do what. The primary goal of our BMDA conference is to analyze those aspects and share the experiences of successful applications from relatively small organizations, proving that “small, strong and beautiful” approach works. During the conference, you will have a chance to hear experienced Rectors and Deans from all around the world sharing their insights how to manage relatively small academic institutions more effectively and efficiently, enabling them to serve their purpose better. You will meet the experienced international and local consultants, who will provide their insights and present Business solutions for the small and medium Companies in the form of methodologies, methods and tools. You will see the examples of entrepreneurial activities, new ideas and innovative approaches during visits to Montenegro companies, where participants will be able to observe the results of the successful managerial solutions. You will also visit the beautiful sea coast of Montenegro and explore the local nature, which in my opinion, is one of the most beautiful places on Earth. I wish you to have unforgettable time, enjoyable discussions, great networking and effective learning experiences! Sincerely, Dr. Virginijus Kundrotas President Baltic Management Development Association

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 3 Dear colleagues, Dear students,

On behalf of University of Donja Gorica (UDG) I salute you and wish you a warm welcome to UDG, a host of this year BMDA conference. It is both, a great honor and obligation for our young University. We find this conference challenging for all of us. It is a challenge for new ideas, but also for networking and making new friendships. We are well aware that without internationalization and networking, “small cannot become big and successful”. We truly believe that in inter-connected, global world even small universities and countries (by their surface) have the chance to develop fast and become globally recognizable. Don’t you agree that globally achieved sport results of our countries prove this? Mission of our University is to make young people self-confident, to make them believe in themselves and to free them of prejudice that everything which comes from abroad, from developed centers is more superior to what we have and we can create. History has shown that this complex was a big obstacle in our development… We must believe in ourselves… We must believe in our potentials… In our vision… We must respect ourselves, in order to respect others… We must know and appreciate our culture, in order to appreciate and understand the culture of others, so that we can live in multicultural society which happens to be the world of today… Only love to other humans, compassion and solidarity, joint with self-awareness will lead us to truth, virtue and happiness! These are the key principles which shape the emotional atmosphere at UDG. This atmosphere encourages the small university of ours is to accomplish its mission with great love. That mission is obligation of all universities in the world, and it is shaped by the future of living at our planet, mother Earth! When we look at mother Earth from “the cosmic eyes” – there are no state boundaries, nations, divisions… We truly believe that everyone who contributes to this picture of mother Earth, no matter the size, has the chance to become big!... The “reason eye” tells me I am right and the “eye of heart” to never lose the faith in ourselves and the future of a Human! Welcome to the History of future – welcome to UDG!

Professor Veselin Vukotic Rector UDG

4 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 5 CONTENT

Conference Program 10

Academic Solutions and Insights (April 26th) 10

Business Solutions for Leading Organizations (April 27th) 13

Business Solutions from Leading Organizations (April 28th) 18

Speakers’ BIO 21

BMDA Today 38

Host Institutions 56

Partners of the Conference 64

Conference Venues 74

Organizational Team and Support 80

Notes 82

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 7 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference 15April 26-28, 2017, Donja Gorica, Montenegro

Conference Program

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 9 April 26 April 26

ACADEMIC SOLUTIONS AND INSIGHTS

The student’s Ideas, suggestions, concepts on the topic Thoughts for the Future: “How to Lead Business Schools Successfully? “Youth View on Entrepreneurship and Innovations as a Road to Success” 13:30-13:40 Opening words from Chairperson 9:00-9:10 OPENING of the Student’s part

9:10-10:30 First part of the discussion

10:30-11:00 Networking coffee Dr. Virginijus Kundrotas, Dean of Adizes Graduate School (USA), President of BMDA 11:00-12:30 Second part of the discussion 13:40-15:10 Panel discussion: “How Small Business Schools could be Competitive “An Assessment and Mentoring System for Business Schools–EDAF” and Successful - Portfolio Transformation”. Speakers: 11:00-12:30 What EDAF is about? Goals and benefits for the Schools.

Prof. Veselin Vukotic, Prof. Alfons Sauquet, Rector, University of Donja Gorica (Montenegro) Associate Director Quality Services at EFMD, and Director of EDAF (Belgium)

“Life case” of EDAF presentation. Project at KTU. Prof. Ramon O’Callaghan, Dean, Porto Business School (Portugal)

Prof. Edita Gimžauskienė, Dean, School of School of Economics and Business, KTU (Lithuania) Prof. Assylbek Kozhakhmetov, President, Almaty Management University (Kazakhstan)

12:30-13:30 LUNCH During this session the Leaders of the Business Schools will explore their insights and ideas what services, products and approaches small business schools might use in order to be competitive internationally

10 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 11 April 26 April 27

BUSINESS SOLUTIONS FOR LEADING ORGANIZATIONS

15:10-15:30 Networking coffee 9:00-9:20 Official OPENING of the Conference

15:30-16:50 Panel discussion: “How Small Business Schools Could be Competitive Welcome words: and Successful - Structural Transformations.”

Prof. Veselin Vukotic, Rector of UDG (Montenegro) Dr. Maja Drakic-Grgur, Dean of the Faculty for International Economics, Finance and Business of the University UDG (Montenegro)

Dr. Virginijus Kundrotas, President of BMDA (Lithuania) Mr. Ugnius Savickas, Head of ISM Innovators base, ISM University of Management and Economics (Lithuania)

Dr. Damir Sehovic, Minister of Education (Montenegro) Prof. Milorad Katnic, President of the Board of Directors, Societe Generale bank (Montenegro) 9:20-9:30 Opening words from Chairperson of the Conference: During this session the Leaders of the Business Schools and Corporate Universities will explore their insights and ideas what Changes in Organizational culture and structure might be successful to increase international competitiveness and be attractive globally. Mr. Andrzej Popadiuk, 16:50 -17:00 Concluding remarks from the Chairperson of the Day President, Gdansk Foundation for Management Development (Poland)

17:00-18:00 Networking Summary of the day with a glass of wine, snacks and coffee 9:30 - 10:00 KEYNOTE: “Economy of Montenegro and it’s Financial Markets”

Prof. Zoran Djikanovic, Assistant Professor at UDG and President of Montenegro Securities and Exchange Commission (Montenegro)

12 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 13 April 27 April 27

10:00-11:30 Panel 1 – “How Being Small Company to Find Effective Ways to Understand 12:00-13:30 Panel 2 – “What Tools are Most Effective for Small Companies to Provide the Needs of Our Current Customers and Satisfy the Better, Most Efficient Support for their Operations” Faster and in More Efficient Way”

During this session topics, various solutions how small companies could assure the efficiency in During the session various ideas how to assure permanent understanding of the customer’s needs and administrative processes, industrial and other processes. What software systems for increasing efficiency satisfy them in most effective way having just entrepreneurial mindset and limited resources, will be should be used, etc. discussed and explored by international and local experts

Speakers: Panel led by Dr. Inga Lapina, Professor and Vice Dean for Academic Affairs at Faculty of Engineering Economics and Management of Riga Technical University (Latvia)

Prof. Milica Vukotic, Speakers: Dean, Faculty for Information System and Technologies at UDG (Montenegro)

Ms. Katja Kraškovic, Prof. Sanja Ivanovic, President of Management Board at GEA College (Slovenia) Dean of Polytehnics, UDG (Montenegro)

Prof. Dr. Ljubica Knjezević Cvelbar, Ms. Jasna Pejovic, Associate Professor at the Faculty of Economics, University of Ljubljana (Slovenia) Director for Information Technologies, Crnogorski Telekom (Montenegro)

11:30-12:00 Networking coffee Mr. Gustaf Solerød Christensen, COO, Highered (Norway)

13:30-14:30 LUNCH

14:30-16:00 Panel 3 – “How Small Organizations can Assure Unique Positioning in the Market and Permanent Change at the Same Time Keeping the Speed and Quality of Changes within Organization High”

14 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 15 April 27 April 27

14:30-16:00 Panel 3 – “How Small Organizations can Assure Unique Positioning in the Market and Permanent Change at the Same Time Keeping the Speed and 16:30-18:00 Panel 4 – “Challenges in Leadership for Small Companies - How not to Quality of Changes within Organization High” Get Into “Founder’s Trap?”

During this session various experts will propose ways how to assure innovation in the organization; how During this session topics, related towards importance of leadership; leadership styles; team building to accelerate creativity within company; developing entrepreneurial spirit within organizations and within organizations, delegation difficulties; finding and motivating the “right” people; composing the many other aspects complementary team and other aspects will be analyzed

Speakers: Speakers:

Prof. Monika Petraite, Full Professor and Head of the Department of Strategic Management at School of Economics Mr. Ivan Jovetic, and Business, Kaunas University of Technology (Lithuania) CEO, MSI INVEST (Montenegro)

Prof. Sergei Filonovich, Professor of Human Resource Management at the National Research University - Higher Dr. Andrey Kolyada, School of Economics, Dean of Graduate Management School of National Research University Rector, EMAS Business School (Russia) (Russia)

Prof. Dragana Radevic, Dr. Zvezdan Horvat, Director, Institute for entrepreneurship and economic development (Montenegro) Managing Director, Adizes Institute (USA) in Serbia

16:00-16:30 Networking coffee 18:00 NETWORKING RECEPTION TO SUMMARISE THE DAY

16 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 17 April 28 April 28

BUSINESS SOLUTIONS FROM LEADING ORGANIZATIONS

8:00-18:00 Visits to the Leading Business Companies (all participants visit 2 companies) 14:30 - 15:00 Driving to “Plantaže”

15:00 - 16:30 Visit in “Plantaže”: During the visits to the leading companies, the participants will experience the evidence of practical successful implementation of various technologies that made the companies even more successful. “Plantaže” – Leading Montenegrin Wine and Brandy Manufacturer: We believe that the wines are ‘the children of the terroir’ and that the character and quality of wines originate directly from the vineyard 8:00 Going to the busses from the hotel and driving to “Porto Montenegro” and that is why we have been committed to the production of wines which can completely express their origin. Thus, everything that we do in the vineyards and in the cellars, we do with great respect to our 10:30 - 13:30 Visit in “Porto Montenegro”: own country, to our own vineyard and grapes, grown in it. Following the greatest world standards in modern wine making, we apply the “Porto Montenegro” – The Mediterranean’s leading luxury yacht innovations, as well, following the latest scientific research in the homeport and marina village. fields of viticulture and wine making…..The wine cellar is located on The genesis of this project came when Porto Montenegro’s primary the average depth of over 30m below the ground. Its shape is like investors identified an extraordinary opportunity: an overwhelming a spiral tunnel, 356 m length, average width 13,5 m and 7m height. The temperature is almost permanent demand for yacht berths around the Mediterranean. With this, they - between 17 and 19 degrees. Humidity -70-80%. sought to create a world-class marina that would satisfy the growing shortage of berths, while allowing outside investors to share in the long-term capital appreciation that waterfront property and berths have enjoyed over the past 50 years. 18:00 Returning to hotel Previously a historic naval base, the site’s transformation into a luxury yacht marina has been led by some of the world’s most respected business figures including UK businessman Lord Jacob Rothschild, the founder of luxury conglomerate Louis Vuitton Moët Hennessey, Bernard Arnault, and Peter Munk, 19:30 GALA DINNER at Unique Wine Cellar “Šipčanik” founder and former chairman of Barrick Gold. In 2016 Porto Montenegro was acquired by the Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai with investments spanning financial services, transportation, energy and industries, real estate and leisure and retail.

13:30 - 14:30 LUNCH for all participants in Budva

18 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 19 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference

15April 26-28, 2017, Donja Gorica, Montenegro

Speakers’ BIO Mr. GUSTAF SOLERØD CHRISTENSEN Dr. MAJA DRAKIC-GRGUR

Short BIO Short BIO Gustaf S. Christensen – Corporate entrepreneur with a passion for talent Maja Drakic-Grgur is an associate professor and the Dean of the Faculty development. for International Economics, Finance and Business of the University UDG, Gustaf is a previous alpine skier with a Master of Science degree from Podgorica, Montenegro. She is also a senior research fellow at the Institute Norwegian School of Economics in Bergen, Norway. for Strategic Studies and Prognoses (Podgorica, Montenegro). From 2006 she holds a doctorate in economics from graduate program „Entrepreneurial Gustaf started his career at McKinsey & Co Oslo office, before moving on to Economics” of University of Montenegro (The program “Entrepreneurial a CFO position in a Norwegian Bio energy company. In 2008 Gustaf joined Economics” is now organized at University UDG). Her current research focuses Orkla, the largest FMCG company in the Nordics. In Orkla Gustaf has been on macroeconomic issues, property rights, privatization, and economic head of the M&A function and been responsible for some of the largest industrial transactions seen transition. As her PhD was in the field of financial econometrics, Maja is also interested in issues in the Nordics in the past decade. He has also served as CFO in Orkla Health Group, Orkla’s Health related to finance, econometrics and applied quantitative economic analysis. She participated on and Nutrition area. Gustaf could be described as engaged, structured and with a strategic mind set. many international conferences and published several papers in relevant journals. Maja spent school With a strong passion for talent development, Gustaf has now joined the Highered-team to “Help year 2004/2005 at the Department of Economics of George Washington University, Washington DC, students get awesome jobs”. USA. In 2005 she was a visiting fellow at the Mercator Center of George Mason University, Virginia, Highered is, together with EFMD, digitalizing and structuring the global market for matching top USA. She is member of Mont Pelerin Society and the President of Center of Young Scientists of talent with international perspectives and opportunities. This is a market that, up until now, has Montenegrin Academy of Sciences and Arts. been fragmented and local. Gustaf is COO/CFO in Highered, having a lead role in ensuring efficient structure in core processes as well as being responsible for funding, financing and accounting. When not working in Highered, Gustaf loves spending time on/by the sea, skiing, hanging out with friends and spend time with his daughter Mari (7), son Mats (4) and wife Anne. Prof. SERGEI R. FILONOVICH Dr. LJUBICA KNEŽEVIĆ CVELBAR

Short BIO Short BIO Sergei Filonovich is Professor of Human Resource Management at the Ljubica Knežević Cvelbar is Associate Professor at the Faculty of Economics National Research University - Higher School of Economics in Moscow and a University of Ljubljana. She has extensive research record off more than 50 Dean of its Graduate Management School. He got his Ph.D. in Phys-ics from papers published in international journals in the area of tourism sustainability the Academy of Science of the USSR. and destination competitiveness. She is member of editorial boards in Prof. Filonovich is an Academic Director of the Sberbank Mini-MBA Program major tourism journals and is serving as invited or visiting professor at the at the Corporate University of Sberbank. Since 1992, Dr. Filonovich has numerous universities globally. Her work is awarded with several national served as a management and organization development consultant to and international prestigious awards. Russian and foreign companies. Prof. Filonovich has conducted organizational studies, training in communication skills, team- building and management seminars for Siemens, Ernst & Young, Coopers & Lybrand, Occidental Dr. ZORAN DJIKANOVIC Petroleum, Novartis, BP and a number of major Russian companies in oil, gas, telecommunication and other industries (ROSNO, Glance, Sistema, Lukoil, etc.). His book “Leadership and management skills” was well accepted as an im-portant resource for trainers and managers. He is a member of Short BIO the Association of Talent Development (former ASRD). He served as a Vice-President of the Russian Association for Business Education. Dr. Filonovich also served as a member of the Board of the Central Dr. Zoran Djikanovic is Assistant Professor at UDG and President of and East European Management Development Association (CEEMAN). Dr. Filonovich was one of the Montenegro Securities and Exchange Commission. Engaged in development founders of the President’s Program for the Management Devel-opment in Russia. of capital market regulation and market infrastructure in Montenegro since 1999. Participated in numerous domestic and international conferences. He is the author and co-author of several papers on regulation and market infrastructure development. Member of Mont Pelerin Society since 2008.

22 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 23 Prof. Dr. EDITA GIMŽAUSKIENĖ Dr. SANJA IVANOVIC

Short BIO Short BIO Dr. Edita Gimžauskienė is Professor of department of accounting and Dr Sanja Ivanovic, associate professor at Polytechnics, University of Donja Dean of the School of Economics and Business at Kaunas university of Gorica (UDG) Montenegro, graduated in the area of Theory of structures, at Technology; The member of European Accounting Association (EAA); The University of Montenegro, Faculty of Civil Engineering, in 1989. Subsequently member of the Editorial Board of the Journal of Economics and Financial she completed MSc at the Institute of Earthquake Engineering and science, the University of Johannesburg; The member of the Editorial Engineering Seismology at Skopje Macedonia. PhD degree, with thesis Board of the scientific journal Engineering economics, Kaunas University in the area of Structural dynamics, dr Ivanovic obtained at University of of Technology; The Executive Secretary of the scientific journal “Economics Southern California, Los Angles, USA, at 1998, where she completed and management”, Kaunas University of Technology; The chair of the two years of postdoctoral studies WISE 2001-2003. Courses in the area of international scientific conference of Economics and Management (ICEM). Since 2011, the member Structural mechanics, dr. Ivanovic was lecturing at University of Southern California and California of the Doctoral Committee for Social Sciences (Management and Administration, 03S) at KTU, the State University Northridge 2003-2011. opponent for 7 doctoral dissertations (including 1 foreign dissertation at Tartu University, Estonia), Dr. Ivanovic serves as dean of Polytechnics at UDG, teaches applied mechanics courses and performs the supervisor of 2 successfully defended dissertations in in economics and management. research, since 2011, when the Polytechnics is formed. The scientific interests are related to management accounting, performance measurement and assessment. The research results have been generalized in 28 scholarly articles. The papers reveal the influence of different stakeholders in respect of purposes, benefit and measurement on the Mr. IVAN JOVETIC performance measurement systems; the factors determining the shift of accounting systems, significant dimensions of measurement system, variety of performance measurement processes and principles for construction of systems are identified; the need for harmonization of a management Short BIO accounting system with the external and internal environment (approach of open system) is justified; Ivan Jovetic is an entrepreneur and (re)searcher focused on private business, and the harmonization methodologies are proposed. research projects and education institutions. He holds MSci in Economics and is PhD candidate in International Economy at the University of Donja Gorica (Montenegro). Ivan Jovetic is co-founder and CEO of MSI INVEST Ltd. based in Montenegro. Dr. ZVEZDAN HORVAT MSI INVEST is an entrepreneurial project involved in several sectors including hotel and travel industry as well as property management. The company has been established in 2006. Mr. Jovetic is Teaching Fellow at University of Donja Gorica (UDG www.udg.edu.me) where he is Short BIO teaching several courses. UDG is university that fosters entrepreneurship and entrepreneurial culture. Dr. Zvezdan Horvat has more than twenty years of experience deploying the Since 2013 he acts as Vice Dean at Faculty for Sport Management. Adizes Methodology within organizations around the world in 25 countries. Since 2005 he works at the Institute for Strategic Studies and Prognoses (ISSP www.issp.me) first He received the prestigious, “Associate of the Year” Award from the Adizes as researcher and then as Senior Analyst. At the ISSP he has been involved in numerous projects Institute in 2004 and 2008. His Ph.D. thesis was devoted to the development including projects for European Commission, UNIDO, UNDP, Securities Commission of Montenegro, of a model to determine corporate life cycle stage. He has published more Ministry of Finance of Montenegro, Ministry of Economy of Montenegro, INTERREG MED program, than seventy articles on change management and is often recruited to INTERREG DTP, INTERREG ADRION and etc. share his expertise. He is an experienced speaker and has delivered Adizes Mr. Jovetic is also CEO of CE²S (Centre for European Education and Studies) an organization focused related lectures for audiences up to 1000 people; he counts these events on entrepreneurship, cluster support and start-up eco system in Montenegro as well as to promote among of his greatest achievements. His expertise in Adizes methodology is especially connected education. CE²S is managing Montenegrin branch of regional SuperFounders acceleration platform. to organizational structure design and creating profit tracking and accountability systems. His last CE²S has conducted several important projects regarding cluster support from legal analysis through position includes professional development of Adizes consultants in Eastern Europe, Baltic and studies to funding opportunities. Mediterranean. Among his clients are many small and medium size companies. He has been contributor to several daily and monthly publications in Montenegro and region. Mr. Jovetic is also founder and President of MEBAN - Montenegrin Business Angels Network. Ivan Jovetic is member of: • World Entrepreneurship Forum • Society of Economists and Managers of Montenegro • World Business Angels Forum (Commissioner to Montenegro) • Student Sport Association of Montenegro (Board member)

24 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 25 Dr. MILORAD KATNIC Prof. RAMON O’CALLAGHAN

Short BIO Short BIO Milorad Katnic holds a PhD in Public Expenditures and Economic Growth. Ramon O’Callaghan is Dean at Porto Business School (PBS), Porto University. At the moment he works as a President of the Board of Directors of the He has more than 30 years of work experience as scholar and administrator. Societe Generale Montenegro Bank and associate professor at University of Prior to joining PBS, he was Dean of the Graduate School of Business at Donja Gorica. His latest publication is National Human Development Report Nazarbayev University in Kazakhstan, a school established in strategic produced for UNDP Montenegro. collaboration with the Fuqua School of Business, Duke University. Over His recent positions were retrospectively: Advisor of the Prime Minister the years, he has held many other positions: Dean of TIAS, the business for Economy and Finance (2012 – 2014), Minister of Finance (2010-2012), school of Tilburg University and Eindhoven University of Technology, in the Deputy Minister of Finance (2004-2010), Analyst at Institute for Strategic Studies and Projections. Netherlands; Director of Deusto Business School and Vice Rector, University of Deusto in Bilbao, Spain; Associate Dean International Affairs, Director of MSc programs, and chaired During his career he was a member of the Administrative Council of the Development Bank of the professor at TiSEM, the School of Economics and Management of Tilburg University; Associate Dean Council of Europe (2006-2008), Governor at World Bank and EBRD and member of the Council for at TIAS and Director of its International Executive MBA, a joint program with the Krannert School, Financial Stability of Montenegro (2010-2012). Purdue University; Associate Professor and MBA Director at Nyenrode University. Previously, he was Mr. Katnic was leading the design and implementation of important national and international Assistant Professor at IESE, and research associate at Harvard Business School. projects, such as: Twinning project “Strengthening the regulatory and supervisory capacity of financial Prior to his academic career, he worked several years at Texas Instruments. His professional experience regulators (2009 – 2012); National Programme for Economic Reforms (2007-2010), and many others. includes training, research and consulting projects for European, American and Asian organizations. He was also leading the Negotiations with the European Commission for Economic and Financial He has also taught in executive programs of IESE, INSEAD, London Business School, MIT Sloan, Purdue Affairs and Statistics and with WTO for financial services. As Finance Minister Katnic focused his work University, and Solvay Brussels. on the budget transparency, Strengthening fiscal and financial system, including particular focus on His interests include Management of Technology, Innovation, and Knowledge Management. His Doing Business and Regulatory Impact Assessment (RIA). While Prime Minister’s advisor he served work has been published in academic journals, books and conference proceedings, e.g. Journal of as part of the team that carried out the work on the preliminary budget implications of the Acquis Marketing, Journal of IT, European Journal of IS, MIT Press, Wiley, ICIS. His recognitions include the Communautaire. best paper award in the Knowledge Management track at the Hawaii International Conference on Mr. Katnic was guest lecturer at prestigious foreign universities such as George Washington, Elliot Information Sciences (HICSS) 2006, and the Best Teaching Case award at the International Conference School of International Affair, Harvard and London School of Economics. He is the author of numerous on Information Systems (ICIS) in Milwaukee, 2006. publications and papers. He is member of the Mont Pelerin Society. He holds the degrees of Doctor of Business Administration from Harvard; MBA from IESE; MSc and BSc in Electrical Engineering from BarcelonaTech UPC University. His education also included courses at the MIT Sloan and ESCP in Paris. Dr. ANDREY KOLYADA

Short BIO EMAS is one of the leading Russian private business schools, CEEMAN, BMDA and RABE member. EMAS is known in Russia and the CIS countries as an expert in strategic management & MBA programs provider. EMAS is a consulting business school that has tight connections with different industries. Andrey Kolyada is the Rector and the founder of EMAS Business School. Andrey has a degree in Law (Russia) and in Marketing (Great Britain). He also did an MBA in European University Viadrina (Germany). Andrey’s professional interests lie in the sphere of company strategy, strategic marketing, corporate culture & leadership. He is the author of 2 popular books on strategic management and known as the winner of many professional competitions. Andrey is a high profile consultant and prominent lecturer who advises both big corporations and small & medium enterprises. As a lecturer, Andrey works not only with EMAS but also with other famous Russian and foreign business schools.

26 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 27 Dr. ASSYLBEK KOZHAKHMETOV Ms. KATJA KRAŠKOVIC

Short BIO Short BIO One of the founders of the first business school in Kazakhstan – the Alma- Katja Kraškovic, M.Sc received her bachelor’s degree in Management and Ata School of Management, created in 1988, and later transformed into Organization at Faculty of Economics in Ljubljana. She spent one year at International Academy of Business (IAB). In 2014 IAB has obtained the Vienna University of Economics and Business as a visiting student. She started university status and the new name - Almaty Management University (Alma her professional career in sales in a small but agile international company. University / AlmaU). Her ambitions and determination to become a finance and investment In 2011, he has obtained the degree of Doctor of Business Administration expert encouraged her to continue her studies on International Master’s (DBA) in Graduate School of Management of the National Research programme in Business Administration (MScBA), specialised in Finance at University “Higher School of Economics” (Moscow, Russia). His teaching career has started at the Faculty of Economics. “Continuum Mechanics” academic department at Kazakh State University named after S.M. Kirov, After earning her master’s degree she took a position as a financial analyst in a successful financial followed by teaching at the School of managers under the Kazakh Republican Association “Soyuz”. Dr firm Poteza Partners. Her dedication, work ethics and distinguished passion for business took her Kozhakhmetov has passed specialized training on management in educational centres of Germany, through many promotions to top positions and finally she became a member of Management Board France, United Kingdom, Belgium, Holland, Hungary and Estonia. In 2013 he became the State in KD Group, well known financial and insurance company in Slovenia and wider Eastern European Programme “Bolashak” scholarship holder to pass scientific internship at Haas School of Business, UC markets, for which Ms Kraškovic was directly in charge of. After ten years of work in the financial Berkeley (USA). industry and many experiences in the field of finance, investing and insurance she decided it was He is the author of more than 60 works on management and education development. time for a change and a new challenge. She took the position of sales director at IEDC Bled School of Management. She felt she can really contribute to a process of improving learning experience and In 1994-2002 he was the President of Central Asian Foundation for Management Development improving business skills through education among young and perspective future leaders. Today (CAMAN); in 1999-2002 – the member of the Union of industrialists council of Kazakhstan, the she is a president of Management Board at GEA College - leading private business school in Slovenia, member of Kazakhstan businessmen Forum council; in 1998-2003 – the member of council of specialised in Entrepreneurship which has more than 25 years of excellence in teaching. GEA College “INTERMAN” – the World organization on management development; in 1999-2002 – the member is known for its practically oriented study programmes and Ms Kraškovic is also doing a great job of the European organization council on quality of administrative education (EQUAL); in 2002-2003 in establishing cooperation among business and education sector as a vice dean of Economic the vice-chairman of Public Council on development of an education system of the Republic of Affairs. She is involved in academic process as a senior lecturer of Management and Finance at GEA Kazakhstan. College – Faculty of Entrepreneurship. Besides mentioned responsibilities she is very active in the Public work includes positions of the vice-chairman of public council on consideration and resolving business community and holds many roles and positions in different associations such as Chamber social conflicts of National Democratic Party “Nur Otan”, the chairman of Republican Public Association of Commerce and Industry in Slovenia, Manager’s Association of Slovenia and many others. “Shanyrak”, the member of independent anti-corruption council, the member of Republican Public Besides her professional contribution she tries to balance work with pleasure. It is no secret that Ms Council on control of public funds expenditure according to the anti-recessionary program of the Kraškovic is passionate about travelling, hiking and most interesting, motorcycles. She is a devoted RK Government, the member of Advisory council concerning improvement of public service of motorcyclist who never misses an opportunity for a ride on a warm spring day. the Republic of Kazakhstan; a member of the working group on amendments to the Law of the Republic of Kazakhstan “On Education”; a member of the Council on combating corruption in higher education institutions of the Republic of Kazakhstan. Awards include: the “Excellence in Education” award by the MES RK (1998), “Torch of Birmingham” award by the international organization “People to People International”, the Jubilee Medal “20 years of Independence of the Republic of Kazakhstan” (2011), the Medal of Bayan Olgiy aimak (Mongolia) (2010) and the medal of Atameken of II degree (2013). In September 2014, he was awarded by the prestigious CEEMAN Champions Award for “institutional management”. In December 2013 Dr. Assylbek Kozhakhmetov was awarded by the highest state award “Kurmet” Medal of Honour of the Republic of Kazakhstan. In 2015 Dr. Kozhakhmetov joined CEEMAN Board, the International association for management development in dynamic societies.

28 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 29 Dr. VIRGINIJUS KUNDROTAS Dr. INGA LAPIŅA

Short BIO Short BIO Virginijus Kundrotas is Doctor of Social Sciences (Education), Dean of Adizes Dr. Inga Lapiņa, Professor and Vice Dean for Academic Affairs at Faculty Graduate School (USA), Representative of Adizes Institute (USA) in Baltic of Engineering Economics and Management of Riga Technical University States, Certified Consultant and Senior lecturer in the Adizes Methodology (RTU), has been working with RTU since 1997. She started as a Head of for Organizational transformation and change as well as visiting Professor at College Programmes Department, in 2004 joined International Programme ISM University of Management and Economics (Lithuania). Department as Deputy Director, and in 2011 - Institute for Quality Engineering He is President of the Baltic Management Development Association (BMDA), as Head of Department of Quality Technologies and became the Director of Vice-president of Central and East European Management Development bachelor and master programmes in Total Quality Management. Association (CEEMAN); Member of Editorial Board of Baltic Journal of Management (UK), member of Dr. Lapiņa invests her time in developing new study programmes and improving quality of studies. International Scientific Committee of the EDUNIVERSAL - Official selection of World Business Schools She has been involved in experts` teams for quality evaluation from 2008. Since 2015, professor I. (France), Member of the Board of Trustees of Almaty Management University (Kazakhstan). He also Lapiņa acts as an expert of Higher Education Quality Agency (AIKA) in Latvia. She has been an expert serves as a Board member of Lithuanian Free Market Institute and number of other institutions. of peer review team for International Quality Accreditation (IQA) of International Association for Dr. Virginijus Kundrotas is Founding President of ISM University of Management and Economics, Management Development in Dynamic Societies (CEEMAN) and Centre for Quality Assessment in Lithuania (first private HEI in the country) performed in this position from year of establishment in Higher Education (SKVC) in Lithuania. 1999 till 2008. Contributing to development of cross-border collaboration in education, Dr. Lapiņa has been a Virginijus Kundrotas delivers trainings and consults various organizations around the World on leading researcher, team leader, as well as the project manager of several EU projects of Erasmus+ Change Management, Organizational transformation, Leadership, Business ethics and corporate Programme, EU LLP Erasmus Intensive Programme and Leonardo da Vinci Transfer of Innovation responsibility. He also coaches managers of various business and non-profit organizations. His Programme, as well as EEA and Norway Grants project. extensive practical experiences and practice of managing organizations as well as deep theoretical Dr. Lapiņa is passionate about delivering quality education that meets real-life business needs and knowledge of various management methodologies and approaches, makes him easy understandable fostering creativity, entrepreneurship and innovative thinking among students. She strongly believes and very well accepted among CEOs and other managers within companies. out-of-the-box thinking and creativity is crucial to success in business and life, and actively takes Dr. V. Kundrotas is visiting professor at number of Business Schools in France (Kedge Business School), opportunities to contribute to the cause. As a scientist, Dr Lapiņa focuses her research on topics Czech Republic (Prague University of Economics), Latvia (BA School of Business and Finance), of human capital, quality of education, process management, corporate social responsibility and Kazakhstan (Almaty Management University), Russia (IBS, Moscow; Kazan University, Kazan, Irkutsk business ethics, leadership, intellectual capital and competence development. She is an expert of University), etc. Latvian Council of Science since 2012. In addition to her PhD in Economics, Dr. Lapiņa also holds a Master’s degree in Education Science. Dr. V. Kundrotas is a Founding President of Kauno Tauro Rotary club, member of Vilnius International Club, etc. In 2015 he received the Honorary Doctoral degree from ISM University of Management and Economics. Dr. V. Kundrotas has written 17 scientific publications and reports, published nationally and Mrs. JASNA PEJOVIC internationally, he is also the author of the textbook “Business ethics” (1999, 2002, 2006). Area of academic interest is Business Ethics, Corporate Responsibility and Leadership. Short BIO Graduated Mathematics and Computer science, which later on spiced with Msc in Management of Informational systems. Experienced manager and leader, past 10 years working as IT Director of Crnogorski Telekom. She was leading or being involved in implementation of various IT solutions and has international experience through Deutche Telekom group. Aware that change is only constant in our lives, she is passionate about education and gathering experience, not afraid to step out from comfort zone. Currently working on PHD thesis on field „Making decisions in conditions of uncertainty and risks- from managerial perspective“ and enjoying to be part time lecturer at FIST, UDG.

30 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 31 Prof. Dr. MONIKA PETRAITE Dr. DRAGANA RADEVIĆ

Short BIO Short BIO Monika Petraite is a Full Professor and Head of the Department of Strategic Dr. Dragana Radević is Executive Director of the Institute for Entrepreneurship Management at School of Economics and Business at Kaunas University of and Economic Development (IPER, www.iper.org.me). IPER is an independent Technology, Lithuania. She is also a Director of GLORAD CEE (Global R&D economic think tank that has been highly involved in shaping business research Centre Central Eastern Europe), and runs an Open Innovation environment in Montenegro and promoting principles of corporate research cluster. She holds a PhD degree in management and business governance since it was established, and still is influential in designing the administration (2002) from Kaunas University of Technology (KUT), Lithuania. economic policy of the country. She holds PhD from School of Economics, She has been acting as a dean of the Faculty of Social Sciences and an Postgraduate Studies “Entrepreneurial Economy” at University of Montenegro interim dean of the Faculty of Humanities and Arts in the period of 2011- and is engaged as Professor Associate at Faculty for International Economic, 2013 which successfully resulted in a large merger project. Later she acted as an Interim Director Finance and Business, University of Donja Gorica (www.udg.edu.me), subject Entrepreneurship and Innovation. Mrs Radevic has excellent leadership and team building skills as well as extensive for Executive School at the initiation stage, and starting 2014 she took a position of the Strategic practical exposure to economic policies and market research. During more then fifteen years of Management Department Head. She is also a visiting professor at ESSEC Executive Education, work experience, she gained valuable experience in data collection both qualitative and organizing and visiting academic leader at Monterrey Tech, Campus Santa Fe. She is a founding member of quantitative research, and analyses; writing the reports and delivering public presentations; as well as International Association of Knowledge Management, ISPIM, Knowledge Economy Forum Lithuania, developed high level advocacy skills promoting principles of free market economy while the country and also a public advisor for Kaunas City Mayer on Strategy and Innovation. She is acting as national was going through transition process. She has extensive experience in working with international and international expert on innovation policy and entrepreneurship facilitation, is an author of more development organizations (Center for International Private Enterprise (CIPE), USAID, OECD, EC, World than 50 academic publications, and promotes innovation and organizational development via Bank, UN agencies). Ms Radevic is a member of Montenegrin Society of Economists and Managers as business consulting practices. well as member of the Center of Young Scientists within Monten-egrin Academy of Science and Art.

Mr. ANDRZEJ POPADIUK Mr. UGNIUS SAVICKAS

Short BIO Short BIO Andrzej Popadiuk is the President of Gdansk Foundation for Management Ugnius Savickas, senior management consultant at ISM Executive School Development (GFKM). With his 25 years of experience in business and head of ISM Innobase. Previously has been involved in private consulting development he actively promotes quality and ethical standards in and training business for 12 years, then was leading ISM Executive School management as well as in management education. He is a board member of with formal and non-formal executive education services, served as an Baltic Management Development Association, Association for Management expert for different business development projects and always acts as a Development FORUM, EQUAL (European Quality Link), Accreditation Board facilitator and consultant in business education field. In total over 20 years of EPAS (European Program Quality Accreditation System). He chairs and is a in management consulting industry tends to be more and more passionate member of PRT’s appraising business schools and management programs about innovation in business and society in many possible meanings for EQUIS/EPAS accreditation. As a business consultant and a certified international coach he supports of it: analysing existing businesses and pointing out the development potential, clarifying value executives and managers in developing their leadership and management potential within training propositions and customer focus culture, examining executive teams on strategic clarity, designing programs, consulting projects and individual coaching sessions. and crafting business models, shifting the minds of existing businesses towards faster growth, higher performance, happier teams and customers. Mainly acts as a business consultant, lecturer and designer in executive education programmes, advisor for corporate learning culture, instructor in Design Thinking methodology, mentor for executives striving for higher personal and corporate performance, advisor for startup companies.

32 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 33 Prof. ALFONS SAUQUET PROF. VESELIN VUKOTIC

Chaired Professor at ESADE, University Ramon Llull, Barcelona. Short BIO Short BIO Doctorate by Columbia University, Master in Org. Psych. By Columbia Veselin Vukotic , Economist, Full Professor and Rector of the University of Donja University, MBA by ESADE, Degrees in Philosophy and Psychology by the Gorica (UDG); born in Piperi 05.08.1949 from father Napoleon and mother University of Barcelona. Ljubica, born Ivanović. Married, with Ljiljana, born Kovacević; daughters Milica, Global Dean of ESADE (Business & Law schools) since September 2014. Dean Milena and Marija. of ESADE Business School from 2007 to 2014 where he previously served as Veselin Vukotic is founder of the University of Donja Gorica. He graduated from Vice-Dean of Research and Director of University Programs. Faculty of Economics, University of Montenegro in Podgorica; obtained his Currently, Associate Director Quality Services at EFMD, and Director EDAF. masters degree from Faculty of Economics, University of Belgrade, where he also Served in the editorial boards of Human Resources International and the European Business Forum. obtained his PhD. He has attended many international specialization programs, most important of which Latest publication, “Business Schools and their Contribution to Society”, Sage 2012. are programs in England, Scotland and USA, especially one year specialization program at Lomonosov In Business Education he has contributed as member of the Awarding Body of the EFMD (European University of Moscow in Russia, where he joined the Department for Economic Statistics and Mathematics. Foundation for Management Development), as Chair of the Board of Directors of the Global His academic career has started at the Faculty of Economics in Podgorica, where he was appointed on Management Admission Council (GMAC). He is currently President of the Academy for Business in academic positions starting from assistant professor to full professor. Society (ABIS). He was the member of Republic Government of Montenegro (Prime Minister Vuko Vukadinovic) and Invited keynote speaker at the annual meetings of the EFMD, the American Association of Collegiate the member of last reforming Government of Socialistic Federative Republic of Yugoslavia (with Prime Schools of Business (AACSB), the Latin American Assembly (CLADEA) and the Aspen Institute among Minister Ante Markovic). He took active part in economic reforms in Montenegro in the period 1998- others. 2007. Professor Vukotic is the Founder and the Director of internationally recognized Postgraduate Studies To bridge education and management has served on the Innovation Board since 2008, and was “Entrepreneurial Economy” (1992); the Founder and the President of Milocer Economic Forum (1994); the elected in 2010 to the governing board of the European Institute of Innovation and Technology (EiT). Founder and the host of Christmas Discussion about Economy (1993). He is the Founder and one of the Further, by invitation of the European Commission, he has participated different policy roundtables owners of University of Donja Gorica - UDG (2007). He is the Editor in Chief of international economic (European/Australian in Melbourne, Sino/European in Shanghai). journal “Entrepreneurial Economy” (EBSCO), which he founded in 2002; he is editor in chief of edition He has consulted with United Nations (UNDP), Levi’s, Gas Natural sdg., Telefonica and different „Oeconomicus“ at CID publishing house (2002); Science director of annual meeting “Economics and financial institutions on change, identity and corporate development. Transition” at the Institute of Social Science in Belgrade (1991); the Founder and the President of the Institute for Strategic Studies and Prognoses and Center for Entrepreneurship and Economic Development. He is the initiator and the lead representative of the idea of economic liberalism in Montenegro and the inspirer of Montenegrin Economic School. Member of Montenegrin Academy of Sciences and Arts. Dr. MILICA VUKOTIC He is the Vice-President of the Mont Pelerin Society (Washington), the President of the Society of Economists and Managers of Montenegro, and the Chair of the Board of Directors of company Plantaze, Associate Professor, University of Donja Gorica, Montenegro one of the best vine-producing companies in the region. He is the author of many books, the most Short BIO important of which are Statistička analiza produktivnosti rada (Statistical Analysis of Labor Production), UR Nikšić, 1985; Makroekonomski računi i modeli (Macroeconomic Accounts and Models) CID, Podgorica, first Milica Vukotic graduated from the Department of Economics at the University edition 2002, second edition 2007; Psihofilozofija biznisa (Psycho-philosophy of Business), CID, Podgorica, of Belgrade, and received MA in International Economics and Finance from first edition 2003, second edition 2007; Konstitucionalna ekonomija (Constitutional Economics), ISSP, Brandeis University (Boston). She received her PhD in Economics at the Podgorica, 2005; Koncepcijske osnove novog ekonomskog sistema u Crnoj Gori - geneza nastanka, University of Montenegro. Prior to joining University of Donja Gorica, Milica (Conceptual Basis of New Economic System in Montenegro - genesis of creation) ISSP, Podgorica, 2005; was Assistant Professor in the Department of Economics at the University Istorija budućnosti (The History of Future), Mediasystem & CID, Podgorica, 2011; Antropologija stvaranja of Montenegro, where she also taught numerous courses and was involved (Anthropology of Creation), CID, Podgorica, 2013. He is the first Montenegrin economist whose book is with many research projects. published in European Union in English - “Psycho-philosophy of Business”, Hayek Institute, Vienna (2010). In addition to teaching, Milica holds several other positions. She is a senior analyst at the Institute He has been the leader of numerous Montenegrin, Yugoslav and international projects conducted by the for Strategic Studies and Projections and a member of Montenegrin Youth Science Academy . Institute for Social and Economic Research (“Bosko’s Institute”) - Podgorica, Institute of Social Sciences - Furthermore, she is a member of the prestigious Mont Pelerin Society, founded by F.E. Hayek. Belgrade and Institute for Strategic Studies and Prognoses - Podgorica. He actively played football and karate.

34 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 35 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference 15April 26-28, 2017, Donja Gorica, Montenegro

BMDA Today

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 37 BMDA in the BMDA activities Nutshell since 2002

Annual BMDA Conferences – each of them had a relevant topic, gathered a lot of world famous speakers and participants from Business and academia and encouraged discussions in order to get closer to issue solution.

70 2002 Number of Competence Development Seminars – during that participants BMDA members could improve their personal and professional skills in various topical Year of BMDA spheres such as: “How to Teach with the Case Method”, “How to establishment write a Proper Business Case”, “How to Write a Proper International Publication”, “How to Implement Research Data into Teaching Process”, 2 “How to Organize a High Quality International Research Event”, “How to Organize the International Conference” and many others. 2053 BMDA team Number of participants’ at all BMDA events In company trainings – BMDA organized a set of change 24 management in company trainings for BMDA members during Number of countries that new organization mission, vision, strategy were formed and 745 BMDA unites Number of participants institutions were prepared to take actions for the further changes implementation. that attended BMDA trainings, seminars and round table 15 Number of Annual Round table discussions – the first round table discussion was held BMDA Conferences on 2003 in Riga focusing on general issues business education was facing that day in the region and on development of criterion for ranking of business schools. BMDA constantly organized round table 1312 discussions in order to enhance Business companies and Education Number of participants institutions communication and cooperation. that attended 14 BMDA conferences

38 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 39 Research Activities – BMDA was active in research activities development in the Baltic Sea region and beyond. In order to encourage high quality research activities BMDA together with BMDA Annual Emerald Group Publishing Limited started publishing the Baltic Journal Management (BJM) which has been accepted into the Conferences Thomson Reuters’ (ISI) Science Citation Index in 2008.

The 1st Annual BMDA Conference (May 15-16, 2003) in Kaunas, Lithuania MANAGEMENT DEVELOPMENT: PARTNERSHIP BETWEEN The interactive BMDA IT portal – BMDA has created and launched BUSINESS AND SCIENCE IN THE CONTEXT OF GLOBALISATION a brand new interactive IT platform www.bmda.net which is unique The Conference was hosted by the former International School of due to its capabilities. This IT portal enables all BMDA members to Management ISM), now University of Management and Economics benefit from a number of features that can be reached by their- (now ISM University of Management and Economics), Kaunas, selves only logging in to the www.bmda.net and visiting the Lithuania. relevant portal section. BMDA members can use portal for easier and The conference was launched in order to try to answer those questions raised above. How to bring quicker information spread. www.bmda.net allows BMDA members business and academic world together? How to help them to become partners? to include information about their institution, activities, upcoming The Conference has gathered 68 academicians, business leaders, professors of management and events, good work practices also to publicize articles, share newly professionals from 9 different European countries. originated methodologies or to place BMDA members’ news articles in it, search for the partners for the joint projects, etc. The 2nd Annual BMDA Conference (May 6-7, 2004) in Riga Latvia ENHANCING BALTIC MANAGERIAL COMPETITIVENESS Taking part in various joint projects with its members – during The Conference was hosted by the Banking Institution of Higher that BMDA encouraged cooperation between local as well as Education (BIHE), International School of Economics and Business international institutions. Administration (RISEBA) and School of Business Administration TURIBA. The Second Annual BMDA Conference “Enhancing Baltic Managerial Competitiveness” aimed at exploring the current views and theories on the contemporary leader’s competencies, abilities, knowledge and skills that today’s manager shall possess in order to be successful in the context of fast changes taking place in Europe and the whole world. The conference gathered 85 participants from 12 countries.

The 3rd Annual BMDA Conference (May 5-6th, 2005) in Tallinn, Estonia A CELEBRATION OF VARIETY: BUILDING ON DIFFERENCES The Conference was hosted by Estonian Business School (EBS). This Annual Conference gathered altogether 96 participants from 17 countries and, based on the opinion of participants, was a great success. A diversified selection of speakers from business, academic and public sector institutions of the Baltic States and other European countries shared their latest knowledge and experiences on matters that help us to build effective business relationships in the Global arena.

40 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 41 The 4th Annual BMDA Conference (June 5 – 7th, 2006) in Helsinki, Finland The 7th BMDA Annual Conference (May 14-15, 2009) in Copenhagen, CREATING WELL-BEING – ENTREPRENEURS IN THE DRIVER’S SEAT Denmark The Conference was hosted by POHTO – the Institute for Management LEADERSHIP RESPONSIBILITY – GLOBAL OUTLOOK AND REGIONAL and Technological Training and Turku School of Economics and Business SUSTAINABILITY Administration. The Conference was hosted by Copenhagen Business School (CBS). The conferenced discovered entrepreneurship based on experience in high This year Baltic Management Development Association (BMDA) invited tech- high design- high service companies and organizations in Helsinki to analyze, gain and share knowledge and experience on the important region. An innovating branch marking tool was utilized and the visits to matters: What kind of leadership are we looking for today in order to the companies were well prepared in advance by the researcher from the manage this situation? What kind of changes should such leadership bring business universities in the participating countries. The findings from the to the region? What kind of style, qualities, and skills are needed to make companies were discussed during the conference. our region successful and competitive in a short and long run? The Conference gathered all together 82 participants from 14 countries. The Conference attracted diverse international group of participants from 19 countries – Belgium, Denmark, Estonia, Finland, France, Georgia, Ireland, Kazakhstan, Latvia, Lithuania, Netherlands, Norway, Poland, Romania, Russia, Slovenia, Sweden, UK and US.

The 5th Annual BMDA Conference (May 10-11, 2007) in Oslo, Norway FUTURE OF THE REGION – PEOPLE BEHIND THE PROSPERITY The Conference was hosted by BI Norwegian School of Management and The 8th Annual BMDA Conference (May 13- 14, 2010) in Riga, Latvia attracted participants from 15 countries all over Europe. FLYING THROUGH TURBULENCE – TRANSFORMATION FOR THE The conference had a change of geographical perspective. The Nordic FUTURE region was considered as a wealthy and influential part of Europe, and The Conference was hosted by Riga International School of Economics and its management style was recognized throughout the world as being Business Administration (RISEBA). democratic and efficient. The Conference brought together International business education The transitional economies along the southern shore of the Baltic also have community and representatives of various Business corporations from a claim to represent the future, not just in terms of wealth and prosperity, the Baltic Sea region and beyond. Experience and lessons learned but also as agents for change, introducing new management and political by organizations during the special economic situation were shared thinking into the mix, and questioning existing values and systems. and opportunities to use the outcomes of those lessons in the future Due to that the conferenced focused on people: the original inhabitants of the region; newly arrived development of those organizations were discussed. members of our societies; those affected by social change; tolerance of difference; communication The Conference attracted diverse international group of 85 participants from 16 countries. between people; links between countries and companies.

The 6th Annual BMDA Conference (May 8-9, 2008) in Vilnius, Lithuania The 9th Annual BMDA conference (May 19-20, 2011) Tallinn, Estonia IF EVER…”: GROWING TOMORROW’S LEADERS HOW TO BECOME EFFICIENT & EFFECTIVE AT THE SAME TIME The Conference was hosted by ISM University Of Management And The Conference was hosted by Tallinn School of Economics and Business Economics (Vilnius). Administration (TSEBA). What kind of leadership challenges are companies and academia currently The Conference tried to explore efficiency and effectiveness issues by facing in ensuring continuity and sustainability? What are the needs and discussing questions: How to understand efficiency? How it is possible to expectations of today´s companies? What could and should be the role be more efficient while doing usual business? How IT technologies make of business schools in educating the “new generation” of leaders to satisfy the work of the employees more efficient, and at the same the preparing the expectations of companies and what should be the contribution the background for effectiveness of the companies in the long run? How of companies? What are the future models for partnership? What do we to combine efficiency and effectiveness? How intercultural factors affect expect from the next generation and how do we attract, motivate and lead efficiency and effectiveness of the Companies? Those and other questions them? How do we find, develop and keep talented people? What are the were raised and discussed by conference participants from different key aspects leaders have to keep in mind to ensure that there will be suitable people to perpetuate the countries, representing Business Schools, Consulting companies and Corporations in different business work of today’s leaders when their time is due? These are just a few questions that were addressed during sector. the conference. The conference attracted 79 participants from 13 countries. The conference gathered 120 participants from 21 countries.

42 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 43 The 10th BMDA Conference (May 10-11) Gdansk, Poland The 12th BMDA Conference (May 7-9) Riga, Latvia WINNING STRATEGIES IN CHALLENGING TIMES A SUCCESSFUL 21ST CENTURY ORGANIZATION The 10th Annual BMDA conference “Winning Strategies in Challenging The conference took place on May 7-9 in Riga, Latvia, and was hosted by Times” took place on May 10-11 in Gdansk and was hosted by Faculty Riga Technical University. The unique event attracted over one hundred of Management and Economics (Gdansk University of Technology) in participants from 18 countries. collaboration with Gdansk Foundation for Management Development. The first day of the Conference was dedicated for the academic and research The Conference was attended by 103 participants from 17 countries: community. During the first part of the day, the researchers presented their Belgium, Estonia, Finland, France, Georgia, Kazakhstan, Latvia, Lithuania, the research papers. Later, insights on writing a good research paper were Netherlands, Norway, Poland, Russia, Slovenia, South Africa, Ukraine, United shared by different stakeholders. The second part of the day was dedicated Kingdom, and United States of America. for the tools and solutions for the Academic community. For the first time The 10th Annual Conference started with the Research part During the second day the experienced international and local experts and where 20 research papers were presented by the authors. The best papers were published in the Baltic consultants presented their business solutions in the sessions on what kind of a leader and what kind of Journal of Management (Emerald Publishing Group, United Kingdom), Social Sciences (Kaunas University a team the organization needs, how to find out and satisfy your client’s needs better, how to organize of Technology, Lithuania), and Engineering Economics (Kaunas University of Technology, Lithuania). activities within an organization in the most efficient way, and how to do the “impossible” things and This conference was the place for debate and dialogue, the platform for exchanging experiences, and the plan the future. meeting place for all parties involved in leadership and strategic development as well as experiencing During the third day the success stories from the leading business companies “Latellecom”, “Etronika”, joyful moments together! “Primekss Group”, and “Arvi Group” were presented. Later, the Conference participants took part in company visits to 4 leading Latvian business companies, “Draugiem.lv”, “Laima”, “Plockmatic Riga”, and “Knauf”. The conference culminated with the keynote presentation by Dr. Jagdish Parikh, the Chairman of A.L. Movers Pvt. Ltd. (Allied Lemuir), Director of the Lemuir Group of Companies, DHL Lemuir Logistics, The 11th BMDA Conference (May 9-10) Kaunas, Lithuania Technova Group of Companies, and Noema (India) Pvt. Ltd. (India) THE ROLE OF MANAGEMENT EMPOWERING INNOVATIONS AND CREATIVITY 11th Annual BMDA Conference took place on May 9th-10th, 2013 in Kaunas and was hosted by Kaunas University of Technology. It was attended by 123 participants from 16 countries! International Academic and Business community gathered together in Kaunas for a few days were the issues of management role for sustainable innovations and creative solutions have been explored. The Conference started with few Pre-Conference activities on May 8th. First one was “Meeting of International Research Ideas” dedicated for Researchers. During the Meeting Publishers and Chief Editors of the five prestigious journals along with the representatives of Euromonitor International gave their insights and ideas how to prepare high quality research paper. After the presentations, participants joined roundtable discussions with the speakers. Another additional Pre-Conference event was between two management development associations – BMDA and Russian Association for Business Education (RABE) gathered together for the first joint Conference “From Cooperation to Partnership”. The Main part of the Conference started on the morning of May 9th with the Research part where 27 research papers were presented by the authors. All the Conference was chaired by Prof. Rolf D. Cremer (the Dean Emeritus of CEIBS, China, Former President of EBS University for Business and Law, Germany). During the first day of the event the presentations were delivered by the outstanding keynote speakers such as prof. Soumodip Sarkar (Dean of Institute for Advanced Studies and Research, Evora University, Portugal), Mr. Lauri Koponen (Sales Director at JSC ACME Europe, Finland) and prof. Peter Lorange (President/CEO at Lorange Institute of Business Zurich, Switzerland).

44 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 45 13th ANNUAL BMDA CONFERENCE 14th ANNUAL BMDA CONFERENCE “REGIONAL INNOVATIONS FOR GLOBAL COMPETITIVENESS” “CONTEMPORARY TECHNOLOGIES FOR SUCCESS IN FAST The conference took place on May 6-8 in Vilnius, Lithuania and was hosted CHANGING ENVIRONMENT” by ISM University of Management and Economics. The unique event The Conference took place on April 20-22 in Minsk, Belarus and was hosted combined presentations of the Academic and Business leaders, questions- by Business School “Zdes i Sejchas” and IPM Business School. The unique answers sessions, company visits, specially designed “World Café” discussion event combined research activities on the topic above, presentations of the and fulfilling networking and cultural events. The Conference attracted Academic and Business leaders, questions-answers sessions, company visits, almost one hundred participants from 21 country. The Conference was international networking and cultural events. The Conference attracted more sponsored by JSC “Arvi” ir ko, “Emerald Group Publishing”, SC “Linas”, JSC than 100 participants from 18 countries. “Taurapolis”, and JSC “Visionary Analitics”. The main Conference partners were “Linas”, “Taurapolis”, “Adizes Institute”, The first day of the Conference, “Academic Solutions and Insights”, was “Mercedes-Benz”, “Insanta”, “Bulbash”, etc. The first day of the Conference, dedicated for the academic community. During the first part of the day, “Academic Solutions and Insights”, was dedicated for the academic the finalists of the International Competition of Early Stage Researchers were presenting their ideas in community. During the first part of the day, international and local representatives of academic Management and Economics. On the second part of the day, insights on how to manage Business community were presenting their research papers on topics related to “Contemporary Technologies Schools in fast changing environment were presented by the Deans from different successful business for Success in fast changing environment”. After lunch the sessions were dedicated for Leaders of the schools around the world (Morocco, Kazakhstan, Latvia, etc.). Later, the newest learning resources Business Schools, Universities as well as Corporate Universities. During it, experienced rectors and deans were presented by the representatives from Project Management Institute, Cengage Learning, Oxford from all around the world (Montenegro, Lebanon, Kazakhstan, etc.) were sharing their successful cases University Press and CEEMAN. The first day of the Conference ended with signing Ceremony of the of Customer Needs Satisfaction. The second session was focused on how to evaluate and measure the agreement of continuing bilateral cooperation between Almaty Management University and ISM outcome of Business Schools Services. The representatives of major management associations (AACSB, University of Management and Economics. CEEMAN, EFMD) were sharing their insights, what is the good outcome of Business School work. The second Conference day, “Business Solutions for Leading Organizations”, started with welcome words The second Conference day, “Business Solutions for Leading Organizations”, started with welcome words from Dr. Alfredas Chmieliauskas, President of ISM University of Management and Economics, Dr. Virginijus from Dr. Virginijus Kundrotas, President of BMDA, Mr. Alexander Pankov, Director of Consulting Group Kundrotas, President of BMDA. Later, key-note speeches were made by prof. Leonidas Donskis (ISM) and “Zdes I Sejchas” and Chairperson of the Conference – Dr. Irina Sennikova, Rector of RISEBA. After it, online Mr. Marius Dundulis (Euromonitor International). Prof. Donskis shared his insights on how to be ahead presentation via Skype was made by Mr. Andrew Crisp, who shared his insights on How Employers can of oneself in the world of changes while Mr. Dundulis presented the innovative tools for global business Work with Business Education to Deliver Better Graduates. Later, the experienced international and local insights. After lunch, representatives from various business schools presented their business solutions leaders and managers of business and consulting organizations presented their business solutions in the and experiences. Later, the experienced international and local experts and consultants presented their sessions on how to use technologies for understanding our current customers and their needs better, business solutions in the sessions on how to increase the efficiency of the company by outsourcing the faster and in more efficient way, what technologies could support managerial processes, how to use secondary activities, how to put intellectual property to a good use in your business and how to make technologies to increase the speed and quality of changes and what are leadership technologies for possible that an organization be able to manage itself as an organic whole. The day ended with key- keeping the best people and make them to be the team. During the third day, “Business Solutions from note workshop by Mr. Kjetil Sandermoen on how to Structure your Company for Competitiveness and Leading Organizations”, the Conference participants took part in company visits to 5 leading business Change. companies in Belarus - ALUTECH, ADANI, VONDEL/HEPTA, WARGAMING, ENCATA, where participants During the third day, “Business Solutions from Leading Organizations”, the success stories from the were able not only to hear, but also to see the results of the successful management. On the second part leading business companies “Sorainen”, JSC “Schmitz Cargobull Baltic” and “ERGO Insurance SE” were of the day, success stories from the leading business companies “Kusto Group holding”, “1C-Rarus Group presented. Later, the Conference participants took part in company visits to 2 leading Lithuania business of Companies”, “SPLAT” were presented. The conference culminated with the keynote presentation of companies, JSC “Thermo Fisher Scientific Baltics” and BOD Group, and one social workshop organized Dr. Jagdish Parikh (Professor, Dr. from Harvard University and author of many books on Leadership and by Mothers’ Union at the Children’s Hospital in Santariškės. On the second part of the day, using the Management, Managing Director of the Lemuir Group of Companies, India) who presented Personal “world café” format all participants had an opportunity to provide their personal opinion on what it is Technologies for Success in a Changing World. At the end of the day, the success of the 14th BMDA necessary to do in order to create the conditions for innovations and creativity within any organization. Conference was celebrated at the Gala dinner at the restaurant “Panorama”, enjoying the magnificent The conference culminated with the keynote presentation by Mr. Pavlo Sheremeta, who presented Blue evening views of Minsk city center and international networking! This BMDA Conference was the unique Ocean strategy and leadership and shared his ideas and experiences on applying Blue Ocean strategy event which gave the opportunity for its participants to debate, discuss, exchange knowledge and in the organization. At the end of the day, the success of the 13th BMDA Conference was celebrated at experience, as well as experience many meaningful and joyful moments together. Moreover, first time the Gala dinner at the restaurant “Terrazza”, enjoying the magnificent evening views of Vilnius city center. in BMDA history the simultaneous translation was provided for participants in both languages – English and Russian. This BMDA Conference was the unique event which gave the opportunity for its participants to debate, discuss, exchange knowledge and experience, as well as experience many meaningful and joyful moments together.

46 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 47 Currently BMDA unites Membership at 70 members from 24 countries BMDA

BMDA currently unites more than 70 members from 24 countries – Austria, Belarus, Belgium, Croatia, Denmark, Estonia, Finland, France, Georgia, As BMDA is an open body, everyone, who is interested in Germany, Italy, Latvia, Lithuania, management development opportunities and whose activities, Montenegro, Norway, Poland, Republic objectives and ideas do not conflict with BMDA ideology and of Kazakhstan, Russia, Slovenia, principles of straight and honest activity, is welcome to join to Sweden, the Netherlands, Ukraine, international BMDA network! United Kingdom, USA. TYPES OF MEMBERSHIP

Association members can be institutions, academics and professionals from the business community in the area of business and public administration as well as corporate members, representing Baltic Sea region or stakeholders from other countries, who agree to the goals of Association.

Institutional membership Institutional membership is for Baltic Sea region universities and business schools, executive development centers, training consultancies and other organizations actively involved in management development. It is also for educational establishments outside the Baltic Sea region who are the stakeholders in promoting the management development in the Region. Annual Fee - 600 EUR

Corporate membership Corporate membership is for companies interested in business and management education development in Baltic Region and willing to support BMDA activities. Annual Fee - 600 EUR

Individual Membership Individual membership is for individuals who are reputable academics in the area of business and management education as well as business professionals having a keen interest in management development and willing to contribute to the Association. Annual Fee - 90 EUR

48 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 49 Receiving the feedback and response from the other + + - BMDA members regarding placed information Membership Giving feedback or express comments on BMDA in- terview, news articles and other information placed + + + Benefits in www.bmda.net Communication with selected audience easier and + + - faster Offering graduates for internship in Business Com- + - - Institution- Corporate Individual panies or Consulting Companies No. Benefit description al member- member- member- Offering students for the internship + - - ship ship ship Expressing the need for internship - + - Participation at events (Annual BMDA conference, seminars, training, etc.) organized by BMDA or its Expressing the need for graduates + - - + + + members under favorable conditions – using BMDA Announcing CV of experts that will be seen by Busi- members discount ness companies/ For Business companies to receive + + - Participation in networking events and finding aca- those CVs + + + demic or corporate partners for future projects Offering the training for the employees of the Busi- Possibility to get Baltic Journal of Management as ness Company or faculty staff as well as to express + + - Publishing Partner for BMDA members International + + + the need for the training Research Conference (subject to peer review) Suggesting the solution for solving existing problems To help - yes; Possibility to influence the topic of competence + + development seminars, trainings and other events + + + or to ask for solution of faced managerial challenges. to ask - no organized by BMDA Placing as well as finding Business cases + + + Getting the access to interactive BMDA IT portal 8 8 1 www.bmda.net (amount of personalised logins) Development of Business cases together with Busi- ness Schools, Corporations, Consulting companies, Placing of Institution/ Company logo in interactive Individual consultants, lectures and researchers + + + BMDA It portal www.bmda.net section “BMDA mem- + + - bers” Watching interviews on various management issues + + + Suggestion on placing own video material for portal Announcement about the most significant achieve- + + + ments and news, upcoming events (conferences, section “Interviews” + + - seminars, training, etc.). This information reaches all Getting accesses to the newest Management liter- BMDA members and IT portal visitors ature resources, e-books, articles, news methodolo- + + + Receiving updates about upcoming events, projects, gies, etc. etc. organized by international BMDA network mem- + + + Placing articles on various management issues and + + + bers to receive readers’ reviews Participation in various (Corporate, Academic, Com- Sharing recently originated methodologies + + + + + + munity) joint projects as partner using IT portal Getting access to various research reports + + + Possibility of attraction of partners for implemented Expressing the need for visiting lecturer and to project or suggest innovative ideas for potential proj- + + - receive suggestions from individual lecturers and + + - ects using IT portal researchers, Business Schools, Corporations and Con- Accessibility to BMDA members contacts data base + + + sulting companies Connection of logo placed in www.bmda.net with Suggesting lecturing services + + + + + - home page or other important information Getting access to insights placed in www.bmda.net + + + Updating information in interactive BMDA IT portal without reference and to publicize the most relevant + + - information BMDA also provides the possibility to Associations and other affiliate institutions to the BMDA membership benefits signing the Reciprocal agreements.

50 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 51 MEMBERS OF THE BOARD Present BMDA Board and Management

Enn Listra Professor and Dean MEMBERS OF THE BOARD Tallinn School of Economics & Business Administration of Tallinn University of Technology (Estonia) [email protected]

Ruth Alas Professor, PhD, Vice Rector for Research Estonian Business School Ivo MATSER [email protected] Chief Executive Officer ISM University of Management and Economics [email protected]

Edita Gimzauskiene Dean Modris Ozolins KTU School of Economics and Business Docent, Director of International Program Department, [email protected] Faculty of Engineering Economics and Management Riga Technical University [email protected]

Virginijus Kundrotas President Baltic Management Development Association Andrzej Popadiuk [email protected] President Gdansk Foundation for Management Development [email protected]

Martyn Lawrence Senior Publisher Emerald Group Publishing Limited Tatjana Volkova [email protected] Professor BA School of Business and Finance, Latvia [email protected]

Ramunas Lenciauskas President SC Linas, Lithuania [email protected]

52 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 53 BMDA MANAGEMENT YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL Virginijus Kundrotas President [email protected] th Annual BMDA

Conference Goda Nevidauskiene 15April 26-28, 2017, Donja Gorica, Montenegro BMDA Conference Manager [email protected]

Host Institution

54 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 55 University of Donja Gorica (UDG)

Six of these faculties are registered scientific research institutions. Also, UDG has two sisters institutions: Institute for Entrepreneurship and Economic Development and Institute for Strategic Studies and Prognosis. Management of UDG consists of Assembly of founders, Development Council, UDG Senate, Rector and General Manager. UDG participates in many different national and international projects as Tempus, IPA Adriatic, Erasmus Mundus and other. UDG has around 80 cooperation memorandums and also with 80 Universities from different continents, highlight on cooperation with American, Chinese, Turkish and universities from the region. The whole university is housed in a single, attractive and well-mainteined facility that was purpose built for UDG by one of the university’s founders; it is decorated with inspirational and life-affirm. UDG invests a lot in sport and many famous sportsmen from Montenegro are UDG students. UDG gives scholarships to the best and most talented students – around 12% students do not pay tuition fee it is cost of 430.000 for 2016/17. The UDG founders had created these faculties sequentially as components of the future UDG. The aspiration of the founders, which is widely shared within UDG, is to change Montenegrin culture and The University of Donja Gorica (UDG) is a private, non-for-profit university located in a suburb of prepare the country for European accession. The vision is implemented through an innovative education Podgorica, the capital of Montenegro. At is already noted, University of Donja Gorica is a private higher philosophy that stresses intellectual and personal development through active learning. education institution, registered as a private entity at Central Register of the Commercial Court under the number 8-0022734/001. It was established in February 2010 by the incorporation of five existing faculties: Teaching is carried out by UDG model of studies:S=z*i² , S- capability, z- knowledge, i² - intensity of life international economics, finance and business; law; information systems and technologies; humanistic and experience and practice after studying UDG. studies; and arts. It offers courses at both undergraduate and postgraduate level of education, including As evidenced by the “Europe 2020”, a 10 year European development strategy, as well as EU Bachelor, Specialist, Master’s and PhD level of studies. Currently, it has around 2500 students, and 250 Entrepreneurship 2020 Action Plan, in recent years entrepreneurship has been credited as crucial in professors and teaching staff. boosting employment and economic growth. Montenegro, being in the middle of the accession process Today, UDG includes twelve faculties and 18 departments: to the EU, is following such trends and adjusts its strategic documents in order to be compatible with the EU documents regarding this matter. According to the Screening Report from August 13th 2013, - Faculty for International Economics, Finance and Business; overall, Montenegro has achieved a satisfactory level of compliance with the EU acquis in the area of - Faculty for Information Systems and Technologies; entrepreneurship and industrial policy. Being an entrepreneurial endeavor itself, University of Donja - Faculty of Law; Gorica puts a significant emphasis on the development of entrepreneurship as well as its promotion - Humanistic studies; among students and youth in general. Having the importance of entrepreneurship for the employment of UDG’s graduate students as well as for the development of its surrounding, entrepreneurial education - Faculty of Arts; is considered as strategic orientation of this higher education institution. - Faculty of Polytechnics; The strategic goal of education at UDG is to equip students with knowledge that will make them - Faculty for Food Technology, Safety of Food and Ecology; competitive on the international market. The key principles that will help UDG achieve these goals are: - Faculty of Sports Management; • Contemporary developments: education that follows global development trends (“Think globally, - Faculty of Design and Multimedia; work globally.”) - Faculty for Culture and Tourism; • Application: offer skills that would help students to quickly identify problems and to efficiently apply - International Hospitality and Management; theoretical knowledge to solve them (“Theory is the best practice.”). - Faculty for Applied Science: • Flexibility: produce students who will be eager and able to easily adjust to continuous changes (“The - Mathemaics; change is the only constant.”) - Psychology. - Faculty for English and Literature.

56 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 57 University of Donja Gorica (UDG) University of Donja Gorica (UDG)

• Interdisciplinary studies: encourage students to exploit links between different academic disciplines, It represents an auction of entrepreneurial ideas submitted which will ultimately help them to acquire even deeper understanding of their primary field of by UDG’s undergraduate and graduate students, the School study. Therefore students are allowed to take elective courses not only from their primary field of of Entrepreneurship and Innovation participants, and youth study, but also from the other departments at UDG. Most popular programs among students are the in general. All of them represent the supply side, but only top combination of Economics and Law, and the combination of Economics and IT. ten get the chance to present their ideas. The demand side • Individuality: prepare students to take full responsibility for their life and their actions. however is constituted by the representatives of successful companies. After watching presentations delivered by idea holders, representatives of the demand side then bid for the UDG constantly organizes other activities that will bring the University closer to fulfilling its mission. For ideas they consider the most innovative and commercially example, during 2011, UDG hosted monthly round tables with the common topic on “UDG philosophy viable. The important thing is that they do not bid for the idea, but for the right to negotiate with the and vision in the EU context”. The participants of these round tables were students, teaching assistants, idea holder regarding the possibilities of cooperation.3 professors, employees, business partners and representatives of Montenegrin higher-education regulatory bodies. All of them had the opportunity to share their views and thoughts regarding patterns From September 12th to 14th 2011 was orginized XVI Milocer Development Forum, topic: The Balkans they believe UDG should follow in order to further improve quality of its study programs. Some topics of and the EU in cooperation with Montenegrin Association of Economists and Managers. Throughout these round tables were: the three days of the forum, nine panels generated an infinite number of ideas and conclusions, as for example: observations made about the Montenegrin accession process viewed through a prism • Dominant directions of modernization and development; of unemployment, perceptions of the EU as a system of values, viewing a knowledge based society • Foundations of critical thinking – the essence for acquiring true knowledge; within the EU as an empty phrase, and looking at the role of companies as reinvesting profits into further 4 • Skills (overall students’ capabilities); prodaction. • Teaching curriculum (the overall curriculum as well as dynamic interconnection among different Faculty of Law every year organized School of the European Union Law and School of the euroatlantism disciplines); in Bar. • Teaching methods; From November 2012 until November 2015, University of Donja Gorica were participated in implementation of eleven national scientific research projects approved by Ministry of Science in By organizing these events, UDG is clearly showing its determination and commitment to developing an Montenegro: efficient quality assurance system, which will ultimately increase the overall quality of its study programs. 1) The study of national innovation capacity as a factor for establishing the economy and society Quality enhancement will bring benefits not only to UDG students and employees, but also to the entire of Montenegro based on knowledge and compatible with European Union innovation system – Montenegrin higher-education system. In particular, by taking specific actions towards its own quality Faculty for International Economics, Finance and Business; improvement, UDG will provide right incentives for quality improvement of other institutions as well. 2) Implementation of the Bologna Declaration in Montenegro in light of the EU integration process – Every year, on April 4, UDG is organizing a “Research day”, when the most important research projects Faculty for International Economics, Finance and Business; 1 carried out during that year are being presented, both by students and professors. 3) Exploring direct and indirect technological dependence in Montenegro, with a special emphasis on In order to make entrepreneurial learning even more accessible, University of Donja Gorica organizes agriculture – Faculty for International Economics, Finance and Business; the School of Entrepreneurship and Innovation for Youth, an event dedicated to promotion of 4) Demographic trends, pension reform and analysis of human resources development in Montenegro entrepreneurship and innovations among high school students.17 It hosts over 200 high school students – Faculty for International Economics, Finance and Business; from all over of Montenegro, over five days and provides them with opportunity to attend panels 5) Valorization of resources: from comparative to competitive advantage in northern region of delivered by the most prominent entrepreneurs from Montenegro and abroad, to visit head quarters Montenegro – Faculty for International Economics, Finance and Business; and facilities of most successful Montenegrin companies and participate in networking activities.2 6) Study of possibility of applying ecological building materials on facilities in Montenegro – Faculty for As a method to assess the effectiveness and impact of its activities on students and Montenegrin youth in International Economics, Finance and Business; general, University of Donja Gorica created a follow up event called a Market of Entrepreneurial Ideas.18 7) The transformation of Montenegrin Identities – Humanistic studies; 8) The position and role of Montenegrin Parliament in the EU integration process – Humanistic studies; 1. http://www.udgedu.me/en/news/382#.VWL09U_tmko 2. http://udgedu.me/en/news/123#.VWL3MU_tmko 3. http://udgedu.me/en/events/#.VWL3w0_tmko 4. http://www.udg.edu.me/post/files/download/1314974557_4934.pdf

58 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 59 University of Donja Gorica (UDG) University of Donja Gorica (UDG)

9) The Security aspects of Euro-Atlantic Integration of 3) SEECEL – South East European Centre for Entrepreneurial Montenegro – Humanistic studies; Learning. 10) The Creation of Law- legal, economic, sociological and philosophical aspects of making legal norms in the legal From March 2016, University of Donja Gorica participate in system of Montenegro – Faculty of Law; realization of five projects approved for financing within IPA 11) Discrete structures and dynamic models with applications programme Transfer of knowledge: – Faculty for Informational Systems and Technologies; 1) Knowledge transfer among academic, research and industry – Bild Studio and Faculty for Information Systems Within TEMPUS programme, there were financed five projects implemented by different faculty units at and Technologies; University of Donja Gorica: 2) Cyber Security – Faculty for Information Systems and Technologies; 1) IDEA LAB (Fostering students’ entrepreneurship and open innovation in university – industry 3) Development of new products – new materials – Faculty for Food Technology, Food Safety and collaboration) – coordinator University of Shefield, United Kingdom; Ecology; 2) Development of Learning Outcomes Approach- A way to a better Comparability, Recognition and 4) Protection of the Geographical Origin (FAO) – 13 July Plantaze d.o.o and Faculty for Food Technology, Employability at the Labour Market – coordinator University of Montenegro; Food Safety and Ecology; 3) Enhancing cyber education in Montenegro – Humanistic studies, University of Donja Gorica; 4) SINC@HE: Support and inclusion of students with disabilities at higher education institutions in Within the EUREKA programme, project that were prepared by Faculty for Food Technology, Food Safety Montenegro – coordinator University of Macedonia, Greece; and Ecology is approved for financing: 5) HEART: Human rights at the heart of higher education – coordinator University of Roehampton, 1) Novel functional fruit beverages with consumers health impact – PROBEV – Faculty for Food United Kingdom; Technology, Food Safety and Ecology.

Beside projects that were financed by EU funds, University of Donja Gorica participate in implementation From October 2016, within programme Erasmus + Key action 2: Capacity building in Higher Education of projects which are financed by Ministry of Science in Montenegro, though HERIC project: Institution, UDG participate in realization of three projects: 1) Laboratory for product design, including disciplines like graphic, interior and fashion design (PRODE) 1) School-to-Work Transition for Higher education students with disabilities in Serbia, Montenegro and – Faculty of Polytechnics, University of Donja Gorica; Bosnia & Herzegovina Trans2Work – coordinator University of Macedonia, Greece; 2) Establishing Modern Master-level Studies in Information Systems (MASTIS) – coordinator University From March 2016, three projects were approved for financing within grants by Ministry of Education and of Lummier Lyon, France; Ministry of Science in Montenegro: 3) Be ready for EU value – coordinator Center for Monitoring and Research in Montenegro. 1) Development of Quality Assurance Framework at University Donja Gorica (Qaf&UDG) – University of Donja Gorica; Within IPA programme, UDG participate in two projects: 2) Enhancment of ICT Infrastructure at University Donja Gorica (ICT&UDG) – University of Donja Gorica; 3) Applied food science for students (FoodSci) – Faculty for Food Technology, Food Safety and Ecology, 1) HIVES - High-Level Innovation for a Value-Driven Exploitation of a Joint S3 in The Adriatic Area – University of Donja Gorica. coordinator University of Teramo, Italy; 2) NEXT: A collaborative platform to support the transfer of research and technology – Faculty for Information Systems and Technology, University of Donja Gorica;

60 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 61 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference 15April 26-28, 2017, Donja Gorica, Montenegro

Partners of the Conference

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 63 THERE IS A BETTER WAY TO MANAGE

The Adizes® Institute Lithuania is a consulting organization belonging to the Adizes® Institute Worldwide. AI Worlwide is comprised of Certified Adizes Organizational Symbergists™ who deliver a broad range of programs based on the Adizes Methodology. These professionals have substantial prior experience as senior executives, and all have completed a rigorous multi-year training and certification program. S.Kerbedzio str.23 Adizes works worldwide with clients that range from the Global 100 to middle market S.Kerbedzio str.23 LT- 35114 Panevezys Lithuania companies, startups, and governments. Adizes has offices throughout the Americas, LT- 35114 Panevezys Lithuania Europe, and Asia: [email protected] [email protected] • USA • India • Russia • Belarus • Israel • Serbia For contact • Bosnia-Herzegovina • Kazakhstan • Ukraine Adizes Insitute Lithuania • Brazil • Lithuania please refer to: www.adizes.lt • Croatia • Mexico CONTACT US:

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WE ARE WE HAVE

First independent economic think thank in Montenegro; A dedicated team o highly educated, dedicated researchers with an extensive experience; Scienti ic research institution accredited by Montenegrin Ministry o Science; Wide network o external experts in di—erent ields and An institution with 16 years experience in conducting high Network o more then 100 experienced surveyors and quality research and analysis; interviewers. An institution to set agenda or advocating re orm; A vehicle to communicate economic and social change through data, analysis and publications.

OUR MISSION OUR VISION

To provide public and objective economic researches and concrete solution to a The Institute or Strategic Studies and Prognoses was ounded in 1998 by Pro essor wide range o policy issues in order to give contribution to the trans ormation o Veselin Vukotic with the vision o creating an open market society with a high level economic system in Montenegro and education o young people. o economic, political and individual reedom. For more than 16 years o existence we have accumulated valuable experience and remained a well-in ormed and Main ides that we promote are: economic reedom, private property, openness o independent voice in decision making process and public debates in the country. economy, institutions o market economy, as well as development o Montenegro In the years ahead we want to reach excellence in various ields o researches, to as micro state. expand our research areas on regional level and to build more ties with associates and partner institutions rom South-East Europe and EU members’ countries.

OUR RESEARCH CENTERS

Center or Applied Research and Analysis (CARA) is Center or European Education and Studies (CE2S) Center or Demography and Statistical Research specialized in modeling and analysis using di—erent has been established as organization designed to (CDSR) conducts analysis and projections in the area econometric and statistical tools and techniques. provide research-based non bias policy papers and o demography and population developments and CARA collects wide range o primary and secondary analysis and to create education programs in the their socio-economic implications. CDSR investigates data and produces short- and long-range economic ield o European integrations. The aim is to support di—erent aspects o population aging, migrations and orecasts and projections to provide inputs or process o creation and adoption o European values health. evidence-based policy making targeting di—erent in Montenegro. economic sectors.

OUR RESEARCH FOCUS Superyacht Marina

ISSP undertake research and produce high-quality analysis, including policy papers and consultation responses, addressing some o the major policy challenges o our time. Its research is designed to reach a wide audience o policymakers and opinion ormers. ISSP ocuses its research program on ollowing areas: Luxury r e SidenceS

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Yacht Club featuring a 64m pool, sailing and sports facilities OUR EXPERTISE

Naval Heritage Museum Design and implementation o all Analysis o public policies and trends Creation o strategic documents using types o surveys and research modern methodological approaches (FORESIGHT, PAR, etc.) All kinds o demographic A year-round calendar of international events Collection, processing and analysis o and economic projections secondary data Development o new solutions in the ield o economic and related policies Econometric and statistical modeling Design and monitoring o using the most advanced econometric socio-economic indicators and statistical programs Monitoring and evaluation o policies + 382 (0)32 661 059 PORTOMONTENEGRO.COM and programs

ASTONISHING BEAUTY OF MONTENEGRO AND A GOOD BUSINESS The Lithuanian Agriculture Advisory Service (LAAS) was founded in 1993. It is a public CLIMATE WERE ENABLERS FOR AZMONT INVESTMENTS TO institution the mission of which is to help all farming people to develop their businesses ENTER THE MARKET IN 2012. profitably without causing damage to environment, produce competitive production, survive and be leaders under the conditions of market economy. The Growing Portonovi Resort, worth 650 mill eur, is The Advisory Service’s founders are: developed by Azmont Investments as the biggest investment project of Azerbaijan outside of its country and the energetic sector. This world-class resort with a state- of-the-art marina and the first One&Only in Europe is being created as the Adriatic’s The Lithuanian Ministry of Agriculture; most sophisticated mixed-use resort destination. The Lithuanian Farmers’ Union; In 2016, the Company has entered the financial sector and to its portfolio has added another The Lithuanian Association of Agricultural Companies. business by setting up the new green-field commercial bank on the Montenegrin market. With full spectra of usual banking products Nova Banka is registered with almost 12-million-euro capital. The interest of LAAS services’ users are represented by the national Advisory Board. It par- ticipates in submitting proposals and preparing the Activity Programme of Advisory Service. As a responsible corporate citizen, the company is doing its best to contribute to the well-being of the society through well plann ed and continuous CSR programs. The Advisory Service functions on two levels: the central level represented by the Central Of- fice in Akademija, the geographical centre of Lithuania and the regional level represented by Portonovi Resort remains the main project done by Azmont Investments and as an district offices in each district of the country (48 offices in total). The department specialists investment company we do look for additional opportunities to invest in even more of the Service’s Centre take care of in-service training of advisers, provide them with trainings in the future, not only in Montenegro, but in other countries as well. materials, help them to carry out purposeful planning of their activities, provides regular monitoring of the implementation of their work plans and quality of services and participate in the international projects and different work groups.

LAAS has established a farmers’ advisory system covering the whole country.

The Service employs more than 350 employees, who improve their skills in the Lithuania and abroad on regular basis. YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference 15April 26-28, 2017, Donja Gorica, Montenegro

Conference Venues

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 73 GALA DINNER VENUE: Conference Venues

Wine cellar “Šipčanik”

University of Donja Gorica (UDG) In the fifth decade of the existence, both a new chapter of the history of Plantaze in Podgorica and the new dimension of wine from Ćemovsko polje-grandeous wine cellar Šipčanik have been opened. Donja Gorica, 81000 Podgorica, Crna Gora The old military airport was transformed into an impressive treasury of wine, by the principle of French Tel/fax: +382 20 410 777, 410 766 chateaux, because the wine cellar is located in the middle of the vineyard, in the same land, in the same rocks from the grapevines come from. The University of Donja Gorica (UDG) is a private, non-for-profit university located in a suburb of Šipčanik is opened by the end of 2007, after the first phase of reconstruction that lasted over one year Podgorica, the capital of Montenegro. At is already noted, University of Donja Gorica is a private higher and in which Plantaze invested two million euros. education institution, registered as a private entity at Central Register of the Commercial Court under the The wine cellar is located on the average depth of over 30m below the ground. Its shape is like a spiral number 8-0022734/001. It was established in February 2010 by the incorporation of five existing faculties: tunnel, 356 m length,average width 13,5 m and 7m height. international economics, finance and business; law; information systems and technologies; humanistic The temperature is almost permanent-between 17 and 19 degrees. Humidity -70-80%. studies; and arts. It offers courses at both undergraduate and postgraduate level of education, including Bachelor, Specialist, Master’s and PhD level of studies. Currently, it has around 2500 students, and 250 In the impressive space, on the surface of 7.000 m2, the wine is tended in the wooden vats in perfect professors and teaching staff. climatic and tecnological conditions. Two million liters of wine age and develop in the wooden vats.

CONFERENCE HOTEL:

Verde Complex Mob: +382 68 144 000 E-mail: [email protected] 81000 Podgorica, Donja Gorica, Montenegro www.verdecomplex.com

HOTEL VERDE is part of the recreation complex, located out of the city, along the river Sitnica, which determined the concept and content of the hotel, tailored to the customer needs. Built according to international standards of construction, using materials and systems which appear to be friendly to the environment, Hotel grants the necessary comfort and peace for guests as well as a pleasant working atmosphere and services which are designed to complement and make the guest’s stay even more beautiful. The rooms are colored in tones of nature, along with modern lines of furniture.

74 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 75 PODGORICA

Since it has an extraordinary geographical position, and is situated in the middle part of Montenegro, between costal and mountain area, in the corridor of powerful tourist courses, it represents the main demographic, political, economic, traffic, cultural-educational and scientific centre of the state and it has a huge natural and anthropological value, Capital Podgorica takes a significant place in more and more frequent tourist courses of wider territory. Podgorica has a great tourist potential and possibility to enhance tourist activities in Montenegro, through business, transit, picnic, recreation-entertainment, hunting, sports and congress tourism. Mild climate surrounded the city with rank wine-growing and it’s gifted by mild winters and warm summers. Here you will enjoy the beauty of numerous excursion centers in the city itself and surrounding, and you will be the guests of nice hotels and restaurants with the view to the water of five rivers on whose banks Podgorica is raised. Podgorica is built on the foundations of ancient settlements. Since the time of the Middle Paleolithic the development and emergence of different cultures can be continuosly observed:. Greeks, Illyrians, Romans, Huns, Goths, Slavs, Byzantines and Ottomans, they were fighting for the benefits of the region where sea and the high mountains flavour combine, and they all left their trace. Illyrian tribes Labeata and Dokleata lived in this area up until the Roman conquest.The Labeati inhabited the area of the Zeta valley, south of present- day Podgorica to Lake Skadar, as well as the area east of the river Moraca, downstream. West of the river Moraca, along the river Zeta lived the Docleati. Their most important fortification was at the mouth of the rivers Zeta and Moraca which later on developed into the town of Doclea. The earliest settlement at the mouth of Ribnica and Moraca – the caravan settlement, Birziminium, is just indicated in the ancient writings, but drawn by Roman cartographers. Doclea, a town that was first mentioned by Ptolemy in the second century BC, was a great place for that time, with Religious monuments – The temple of Christ`s Ressurection, monumental temple, the third largest 8 to 10 thousand people in the area with little more than ten miles in diameter, but complete utility Orthodox church in the world, the Church of St. George- dates from the IX- XI century ; the Osmanagic infrastructure was there. It was destroyed in 602. mosque - built in the late eighteenth century, the Roman Catholic Church - built in 1969.There are The name Podgorica was mentioned for the first time in 1326, when the town development started. monastery complexes: the Dajbabe Monastery (1897), the Monastery of Celija Piperska (1637) and Turks conquered powerful fortress of Medun in 1455 and in 1474 Podgorica also. Four centuries of Monastery of Duga Moracka (1755). Turkish rule began at that time. Where the river Ribnica joins the Moraca, on the foundations of the The palace complex Kruševac – a former Winter Palace of King Nikola I Petrovic. medieval city of Ribnica the Turks built a fortress, where later on a settlement developed, nowday’s Stara Lake Skadar - a true pearl and a unique nature reserve. The lake aquatorium is decorated with numerous Varoš. islands called “ hills “ with cultural - historical buildings. On Wasteland (sometimes used for camping of Turkish army) Nova Varoš was built - one time called The City Museum – Thee are archaeological, cultural, historical, ethnographic and historical collection Mirkova town -after the Duke Mirko, the father of King Nikola I Petrovic. center in it. In World War II, Podgorica was bombed over 70 times and was razed to the ground. It was released on Wine cellars “Plantaze” - Visit and wine tasting in the wine cellar Šipcanik. December 19th 1944. It was called Titograd from July 13th 1946 (when it became the capital of the Population: 187,085 Republic of Montenegro) to April 2nd in 1992. Language: Montenegrin Currency: Euro (€) Top Attractions Podgorica The average number of summer days: about 135 (over 25 ˚ C) The Millennium Bridge - symbol and visual identity of the city, a distance of 140 meters. The resort features a specially designed pylons at an altitude of 57m. Archaeological sites: Duklja and Medun Clock Tower and Old Town - the finest example of architecture remaining from the Ottoman period.With Excursions: Gorica hill, Ljubovic hill, Forest Park Zlatica, Plavnica, Mareza, Tološi forest. height of 16 m It still dominates the area of Stara Varos. It was built in the 18th century by Hafis Pasha. Lakes: Lake Skadar , Lake Bukumir, Lake Rikavac Doclea -located at only 4 km from the center it`s an antique decoration of Podgorica, dating from the Rivers: Moraca, Ribnica, Cijevna, Sitnica 1st century AD. Time zone: GMT + 1 H Medun - Medun is located about 12 km north-east of Podgorica, in the area of Kuci. Electric current: 220 V/50 Hz Sastavci or Steps - located at the mouth of the river Ribnica in a popular gathering place for the young More information: http://www.podgorica.travel people.

76 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 77 YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL th Annual BMDA

Conference 15April 26-28, 2017, Donja Gorica, Montenegro

Organizational Team and Support

YOU DON’T HAVE TO BE BIG TO BE SUCCESSFUL 79 Organizational YOU DON’T HAVE TO BE BIG Team TO BE SUCCESSFUL BMDA th Annual BMDA Conference

Goda Nevidauskiene, Mrs. BMDA Conference Manager 15April 26-28, 2017, Donja Gorica, Montenegro [email protected] Phone: +37068626942

UNIVERSITY OF DONJA GORICA (UDG) Notes Ivana Katnic, Mrs. [email protected] Phone: +38267544864

Marija Orlandic, Ms. [email protected] Phone: +38267247776

Marija Radunovic, Ms. [email protected] Phone: +38269253443

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