Bachelor of Science (BSc) in Management: Entrepreneurship and Digital Business

Undergraduate Programme in Management

Entrepreneurship, innovation and digitalisation are revolutionising the way businesses and industries around the world operate and helping organisations to seek opportunities in markets as well as to address management, operational and financial challenges. Innovation and digital technologies are becoming increasingly interconnected, shaping new forms of economic activity and creating new platforms for connectivity and collaboration, setting the basis for achieving sustainable development goals. The European Union and leading global organisations studying future job prospects, such as McKinsey & Company and Deloitte, stress that, among the advanced level occupations, 'Entrepreneurship', 'Innovation', 'Digital Business' and 'Digitisation' enjoy highly favourable opportunities in the near future.

The undergraduate programme in Management was designed with emerging academic needs and growing labour market opportunities in mind and is the only accredited programme offered by a public university in Cyprus and Greece. Moreover, it offers the opportunity for students to specialize in "Entrepreneurship and Innovation" or "Digital Business".

The Program has obtained accreditation from two of the most prominent organizations certifying professional accountants: a) the Institute of Chartered Accountants in England and Wales (ICAEW), awarding successful candidates with the ACA qualification of the Chartered Accountant, and b) the Association of Chartered Certified Accountants, awarding successful candidates with the ACCA qualification of the Certified Chartered Accountant.

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Programme’s purpose and objectives

Entrepreneurship, innovation, and digitalization are revolutionizing the way businesses and industries operate around the globe and help organizations pursue market opportunities and address managerial, operational, and financial challenges. Innovation and digital technologies are becoming more intertwined over time, forming new forms of economic activity, creating new platforms for connectivity and collaboration, and setting the base for attaining sustainable development goals.

The undergraduate program in Management is the only program of study in Management Studies offered by public universities in Cyprus and Greece, allowing students to concentrate on “Entrepreneurship and Innovation” or “Digital Business.” These concentrations were designed in response to emerging academic needs and job market opportunities. Studies conducted by the Ministry of Education of Cyprus and the Human Resource Development Authority of Cyprus[1] (HRDA) suggest that “Business Management” is amongst the most popular and attractive fields of tertiary education in Cyprus. The European Union[2] and leading global organizations studying future work prospects, such as McKinsey & Company[3] and Deloitte[4], highlight that, among the professions of advanced level, “Entrepreneurship,” “Innovation,” “Digital Business,” and “Digitalization” enjoy exceptionally favorable potential in the near future.

By choosing a specialisation in "Entrepreneurship and Innovation", graduates of the programme will have the ability to exploit fundamental knowledge required for the conception and implementation of innovative ideas through the establishment and operation of start-up businesses and the methods of marketing innovative products and services in the market.

By choosing a specialisation in "Digital Business" track, graduates of the programme will be able to develop the ability to use the fundamental knowledge required to inspire and drive a) the digital transformation of existing businesses and b) the use of new technologies to create promising digital start-ups.

Scholars teaching in the program possess academic degrees from prestigious academic institutions and teaching experience at major universities in the USA, the UK, Germany, and Australia. They have produced internationally recognized scientific work and developed international collaborations with distinguished academics in management, entrepreneurship, innovation, and digitalization. The program offers an academic background in business management, marketing, accounting, human resource, and financial management and provides specialized topics in Entrepreneurship and Innovation and Digital Business.

 

The program in Management targets people who have an interest in how modern business organizations:

  • are managed and operate as full members within the broader society;
  • adopt innovative business models;
  • make investment decisions on innovative technology products and novel solutions;
  • use new digital technologies;
  • meet existing and emerging consumer needs;
  • change to meet modern challenges and exploit new opportunities;
  • seek better methods of governance;
  • seek sustainable competitive performance;
  • and reach sustainable development goals.

 

Expected learning outcomes

Graduates of the Program in Management will gain the appropriate scientific background to enable them to:

  • Develop strategic and operational business plans and effectively manage rare organizational resources to build the competitive position of businesses they manage in the market.
  • Design and offer effective and innovative solutions to existing and underlying consumer needs cost-efficiently.
  • Communicate and create long-term interpersonal relationships with industry stakeholders for the common benefit.
  • Operate efficiently both locally and in the changing international economic environment.
  • Influence, motivate, and lead groups of people to achieve corporate goals.
  • Understand the breadth of the interface between corporate goals and modern social and environmental needs. 
  • Create and maintain positive work environments that encourage teamwork, creativity, innovation, and understanding.
  • Acquire the necessary tools to make informed economic, legal, environmental, and social decisions.
  • Gain practical and professional experience.
  • Specifically, the Entrepreneurship and Innovation concentration enables students to build the ability to use the fundamental knowledge required to devise innovative ideas, implement ideas through the establishment and operation of new businesses, and the marketing of innovative products and services in the market. 
  • Specifically, the Digital Business concentration enables students to build the ability to use the fundamental knowledge required to inspire and lead the digital transformation of existing businesses and the harnessing of new technologies to establish promising digital startups.

 

Programme Structure & Modules for Students admitted before 23/24

During the first two years of studies, students will gain a broad knowledge of general business management. They will attend introductory courses in management, entrepreneurship, energy resources management, finance, and foreign language courses. The aim of these courses is to stimulate and develop the students’ analytical ability and critical thinking, which are especially important for the management of modern business organizations. During the last two years study, students will select a concentration in "Entrepreneurship and Innovation" or "Energy Resources Management". In the final year of studies, the students’ overall performance will determine whether they will be selected to take part in the internship course or to conduct a thesis under the supervision of professors in the School of Management and Economics.

For the successful completion of the program of studies, students will need to successfully attain the following knowledge:

  1. General Management: (25) twenty-five courses offered by the two Departments of the School of Management and Economics
  2. Specialized courses: (8) eight specialized courses are offered for each concentration
  3. Limited selection courses: these are courses offered by any Department of Cyprus University of Technology and will allow the students to broaden their core scientific field of study. Interesting selections of courses are available from the Department of Communication and Internet Studies, the Department of Environmental Science and Technology and the Department of Multimedia and Graphic Arts, among others. Students can select up to four such courses or combine two courses with the thesis or combine three courses with an internship during the summer months between year three and four.
  4. English language learning program: includes three English language courses focusing on language requirements of business management.

 

Table 1: shows the typical structure of the program per semester and year.

Table 2: presents concentration courses.

Table 1: The Structure of the Program in Management

 First Year

 

WINTER SEMESTER

SUMMER SEMESTER

1st SEMESTER

2nd SEMESTER

ΕCTS

ΕCTS

LCE 129 English for Academic Purposes

4

LCE 130 English for Business

4

HTM 140 Financial Accounting Principles

6

HTM 141 Managerial Accounting

6

CFS 101 Economics Ι

6

HTM 180/CFS 111 Statistical Methods

6

CFS 110 Mathematical Methods Ι

6

CFS 102 Economics II

6

HTM 201 Business Ethics

6

MGT 100 Introduction to Management

6

Total

28

Total

28

FIRST YEAR ECTS: 56

 

(2nd ) Second Year

 

3rd SEMESTER

4th SEMESTER

 

 

LCE 207  English for Business Communication

4

HTM 202 Corporate Law

6

HTM 260 Marketing Principles

6

CFS 222 Finance II

6

CFS 221   Finance I

6

CFS 141 Information Technology for Businesses

6

CFS 203   Commerce I

6

MGT 22 Introduction to Entrepreneurship

6

MGT 241 Operations Management

6

MGT 230 Introduction to Energy Resources Management

6

Total

28

Total

30

SECOND YEAR ECTS: 58

 

(3rd ) THIRD YEAR

 

5th SEMESTER

6th SEMESTER

HTM 350 Human Resources Management

6

HTM 351 Organizational Behaviour

6

HTM 361 Consumer Behavior

6

MGT 302 Negotiation and Dispute Resolution Techniques

6

HTM 370   E-Commerce

6

Concentration course

6

HTM 380  Quantitative Research Methods

6

Concentration course

6

Concentration course

6

Course of Limited Selection

6

Concentration course

6

 

 

Total

36

Total

30

THIRD YEAR ECTS: 66

 

(4th ) FOURTH YEAR

 

7th SEMESTER

8th SEMESTER

HTM 462 Strategic Marketing

6

HTM 426 Strategic Management

6

HTM 453 Leadership

6

MGT 402 Corporate Governance

6

Concentration course

6

Concentration course

6

Course of Limited Selection

6

Concentration course

6

Course of Limited Selection

6

Course of Limited Selection

6

Total

30

Total

30

FOURTH YEAR ECTS: 60

OVERALL ECTS: 240

 

Table 2: Concentration Courses

Entrepreneurship and Innovation

ΕCTS

MGT 321 Innovation Management

6

MGT 322 Principles of  New Business Models

6

MGT 323 Principles of Creating New Businesses

6

MGT 324 Finance and Entrepreneurship

6

MGT 425 Principles for the Development of Startups and SMEs

6

MGT 427 International Entrepreneurship

6

MGT 428 Marketing and Entrepreneurship

6

Programme Structure & Modules for Students admitted since 23/24

The curriculum in Management is four years long and includes compulsory general management courses, specialized courses in the "Entrepreneurship and Innovation" or "Digital Business" specialization, English language courses for academic purposes and limited selection courses.

To complete the Programme in Management, the following need to be successfully completed:

General Management: (25) twenty-five courses

Specialized courses: (8) eight specialized courses are offered for each concentration

Limited selection courses: these are courses offered by any Department of Cyprus University of Technology and will allow the students to broaden their core scientific field of study. Interesting selections of courses are available from the Department of Communication and Marketing, Department of Communication and Internet Studies, the Department of Environmental Science and Technology and the Department of Multimedia and Graphic Arts, among others. Students can select up to four such courses or combine two courses with the thesis or combine three courses with an internship* during the summer months between year three and four. For the internship and the diploma thesis it is a prerequisite that the student has a weighted average grade above 7.

English language learning programme: includes three English language courses focusing on language requirements of business management.

*Internship and Employability

During the summer months between the 3rd and 4th year of study, students may carry out a 400-hour internship in companies for the purpose of developing leadership skills in a real business environment, while facilitating their transition from student to professional context. The Department's close and long-standing cooperation with the business world enables students to practice in a real business environment, preparing them for employment in almost all sectors of the Cypriot and global economy.

Detailed Course Tables

Table 1 shows the typical structure of the programme. Table 2 shows the courses in the main subject area per semester. Table 3 shows the specialization courses for “Entrepreneurship and Innovation” and “Digital Business”. Table 4 shows the Limited selection courses.

Table 1

PROGRAM REQUIREMENTS

ECTS

Compulsory courses

General Education courses

Courses of Specialization

 

174

42

Elective courses

  • 4 elective courses (from courses of the Faculty or courses of other Faculties/ Language Center). Students can choose:
    • 4 courses or 
    • 2 courses plus MGT 391 Dissertation (12 ECTS) or
    • 3 courses plus MGT 390 Internship (6 ECTS)

 

 

 

24

                                                                                    Total ECTS

 240

 

Table 2

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1st Semester

1.

Theory

Business ethics

MGT 201

2

1.5

13

26(39 Hours)

6

 2.

Theory

 

 

Tutorial

 

Principles of Financial Accounting

 

 

Principles of Financial Accounting

 

MGT 140

 

 

MGT 140

2

 

 

1

1,5

 

 

1

13

 

 

13

26(39 Hours)

 

 

13(13 Hours)

 

6

3.

Theory

 

 

Tutorial

Economics Ι

 

 

Economics Ι

MGT 101

 

 

MGT 101

2

 

 

1

1,5

 

 

1

13

 

 

13

26(39 Hours)

 

 

13(13 Hours)

6

4.

Theory

 

Tutorial

 

Mathematical Methods in Economics and Management I

 

Mathematical Methods in Economics and Management I

 

MGT 110

 

 

 

MGT 110

2

 

 

 

1

1,5

 

 

 

1

13

 

 

 

13

26(39 Hours)

 

 

 

13(13 Hours)

6

5.

Theory

English for Academic Purposes

LCE 129

2

1,5

13

26(39 Hours)

4

 

 

TOTAL ECTS

28

 

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

2nd Semester

 

1.

Theory

Introduction to Management

MGT 100

2

1,5


13

26(39 Hours)

6

 

 

2.

Theory

 

Tutorial

Managerial Accounting

 

Managerial Accounting

MGT 141

 

MGT 141

2

 

 

1

1,5

 

 

1

13

 

 

13

26(39 Hours)

 

 

13(13 Hours)

 

6

 

 

 

 

 

3.

Theory

 

 

Tutorial

Statistical Methods in Economics and Management I

 

Statistical Methods in Economics and Management I

MGT 111

 

 

MGT 111

2

 

 

1

1,5

 

 

1

13

 

 

13

26(39 Hours)

 

 

13(13 Hours)

6

 

 

 

 

 

4.

Theory

 

 

Tutorial

Economics ΙΙ

 

 

Economics ΙΙ

MGT 102

 

 

MGT 102

2

 

 

1

1,5

 

 

1

13

 

 

13

26(39 Hours)

 

 

13(13 Hours)

6

 

5.

Theory

English for Management

LCE 130

2

1,5

13

26(39 Hours)

4

 

 

 

TOTAL ECTS

28

 

 

 

TOTAL ECTS

28

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

 

3rd Semester

1.

Theory

 

Tutorial

Finance Ι

 

Finance Ι

MGT 221

 

MGT 221

2

 

 

1

1,5

 

 

1

13

 

 

13

26(39 Hours)

 

 

13(13 Hours)

 

6

 

2.

Theory

 

Commerce Ι

 

 

MGT 203

 

1

1.5

13

26(39 Hours)

6

 

3.

Theory

Marketing Principles

MGT 260

2

1,5

13

26(39 Hours)

6

 

4.

Theory

Operations Management

MGT 241

2

1,5

13

26(39 Hours)

6

 

5.

Theory

English for Business Communication

LCE 207

2

1,5

13

26(39 Hours)

4

 

 

TOTAL ECTS

28

 

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

 

4th Semester

1.

Theory

Business Law

MGT 202

2

1.5

13

26(39 Hours)

6

 

2.

Theory

 

Tutorial

Finance ΙΙ

 

Finance ΙΙ

MGT 222

 

MGT 222

2

 

1

1.5

 

1

13

 

13

26(39 Hours)

 

13(13 Hours)

 

6

 

3.

Theory

Information Technology for Business

MGT 142

2

1.5

13

26(39 Hours)

6

 

4.

Theory

Introduction to Entrepreneurship

MGT 220

2

1.5

13

26(39 Hours)

6

 

5.

Theory

Fundamentals of Digital Transformation

MGT 230

2

1.5

13

26(39 Hours)

6

 

 

TOTAL ECTS

          30

 

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

 

5th Semester

1.

Theory

Course Direction/Specialty

See a separate table below

2.

Theory

Course Direction/Specialty

See a separate table below

3.

Theory

Human Resource Management

MGT 350

2

1,5

13

26(39 Hours)

6

 

4.

Theory

Behavior of the Consumer

MGT 361

2

1.5

13

26(39 Hours)

6

 

5.

Theory

E-Commerce

MGT 370

2

1.5

13

26(39 Hours)

6

 

 

6.

Theory

 

Laboratory

Quantitative Research Methods

 

Quantitative Research Methods

MGT 380

 

MGT 380

2

 

1

1.5

 

1

13

 

13

26(39 Hours)

 

13(13 Hours)

 

6

 

 

 

 

 

 

TOTAL ECTS

36

 

 

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

 

6th Semester

1.

Theory

Course Direction/Specialty

See a separate table below

2.

Theory

Course Direction/Specialty

See a separate table below

3.

Theory

Elective course

See a separate table below

 

4.

Theory

Organizational Behavior

MGT 351

2

3

6.5

26(39 Hours)

6

 

5.

Theory

Negotiation Techniques

MGT 302

2

1.5

13

26(39 Hours)

6

 

 

TOTAL ECTS

30

 

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

 

7th Semester

1.

Theory

Course Direction/Specialty

See a separate table below

2.

Theory

Course Direction/Specialty

See a separate table below

3.

Theory

Elective course

See a separate table below

4.

Theory

Leadership

MGT 453

1

3

13

13(39 Hours)

6

 

5.

Theory

Strategic Marketing

MGT 462

1

3

13

13(39 Hours)

6

 

 

TOTAL ECTS

30

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

8th Semester

1.

Theory

Course Direction/Specialty

See a separate table below

2.

Theory

Elective course

See a separate table below

3.

Theory

Elective course

See a separate table below

4.

Theory

Strategic Management

MGT 426

1

3

13

13(39 Hours)

6

 

5.

Theory

Corporate governance

MGT 402

2

1.5

13

26(39 Hours)

6

 

 

TOTAL ECTS

30

 

Table 3

Direction/Specialty courses (5th Semester)

Entrepreneurship and Innovation

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

Innovation Management

MGT 321

2

1.5

13

26(39 Hours)

6

2.

Theory

Principles of New Business Models

MGT 322

2

1.5

13

26(39 Hours)

6

Digital Business

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

Business systems in the digital era

MGT 341

2

1.5

13

26(39 Hours)

6

2.

Theory

Consumer behavior in the digital age

MGT 342

2

1.5

13

26(39 Hours)

6

 

Direction/Specialty courses (6th Semester)

Entrepreneurship and Innovation

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

Principles of Creating New Businesses

MGT 323

2

1.5

13

26(39 Hours)

6

2.

Theory

Finance and Entrepreneurship

MGT 324

2

1.5

13

26(39 Hours)

6

Digital Business

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

Foundations of Programming

MGT 343

2

1.5

13

26(39 Hours)

6

2.

Theory

Digital Marketing and Analytics

MGT 344

2

1.5

13

26(39 Hours)

6

 

Direction/Specialty courses (7th Semester)

Entrepreneurship and Innovation

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

Principles for the Development of Startups and SMEs

MGT 425

2

1.5

13

26(39 Hours)

6

2.

Theory

Social Innovation

MGT 428

2

1.5

13

26(39 Hours)

6

Digital Business

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

Artificial Intelligence and Data Analytics in Business

MGT 445

2

1.5

13

26(39 Hours)

6

2.

Theory

Business process design and digitization

MGT 446

2

1.5

13

26(39 Hours)

6

 

Direction/Specialty courses (8th Semester)

Entrepreneurship and Innovation

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

1.

Theory

International Entrepreneurship

MGT 427

2

1.5

13

26(39 Hours)

6

Digital Business

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/ Semester

ECTS

2.

Theory

Digital Product

MGT 447

2

1.5

13

26(39 Hours)

6

 

Table 4

Elective Courses

Α/Α

Course Type

Course Name

Course Code

Periods per week

Period duration

Number of weeks per semester

Total Periods (Hours)/

Semester

ECTS

1.

Theory

Quality of Services and Total Quality Management

ΗΤΜ 324

2

1,5

13

26(39 Hours)

6

2.

Theory

Risk Management and Crisis Management in the Hospitality Industry

ΗΤΜ 428

2

1,5

13

26(39 Hours)

6

3.

Theory

Business systems in the digital era1

MGT 341

2

1.5

13

26(39 Hours)

6

4.

Theory

Consumer behavior in the digital age1

MGT 342

2

1.5

13

26(39 Hours)

6

5.

Theory

Digital Marketing and Analytics1

MGT 344

2

1.5

13

26(39 Hours)

6

6.

Theory

Innovation Management2

MGT 321

2

1.5

13

26(39 Hours)

6

7.

Theory

Principles of Creating New Businesses2

MGT 323

2

1.5

13

26(39 Hours)

6

8.

Theory

International Entrepreneurship2

MGT 427

2

1.5

13

26(39 Hours)

6

9.

Theory

Internship

MGT 390

5

8

10

50(400 Hours)

6

10.

Theory

Dissertation

MGT 391

-

-

-

-

12

11.

Theory

An elective course (including Foreign Language) from other Department or Faculty of the University (requires approval from the Department)

 

 

 

 

 

6

  1. (1) Elective course for students of the Entrepreneurship and Innovation specialization
  2. (2) Elective course for students of the Digital Business specialization
 

ENTRANCE EXAMS (National exams - Courses)

TABLE 22 

COMPULSORY (2)

ELECTIVE (2)

  1. Greek
  2. Mathematics                        

 

 

  • Economics or
  • Logistics or
  • Physics
  • English or English  4hours Tech.Sc. or French or Other Foregn Language*
  • Computer Science

* German, Italian, Spanish, Russian, Turkish

The prospects for students in “Entrepreneurship and Innovation.”

The local institutions and the Government progressively refocus on forming a vibrant and prosperous economy. The new economic realities hinge on the efficiency of creating new innovative startups and enhancing value creation and innovation within existing firms. Cyprus features a rapidly growing innovation and entrepreneurial ecosystem, encompassing favorable policies, incentives, and grants for new and existing businesses. Examples include: a) the 2015 National Policy Statement for the Enhancement of the Entrepreneurship Ecosystem in Cyprus, which delineates the implementation of several targeted actions to boost the country’s entrepreneurial activity, and people’s entrepreneurial skills and provides support infrastructure and incentives to new and existing firms to become more innovative and competitive; b) the 2018 legislation, which allows public universities to create spin-out companies; c) the Cyprus Entrepreneurship Fund (CYPEF), which provides access to more than €300m worth of financing to entrepreneurial small and medium-sized enterprises (SMEs); and d) the Cyprus Research Foundation Pre-seed, Seed and Innovate programs dedicated to the development of startups and internationally competitive products. Many successful Cypriot startups have emerged, drawing on these incentives, including Malloc, ProMed, Embio Diagnostics, and AmaDema, among others.

This looming transformation and the progression to a modern entrepreneurial ecosystem gives rise to significant needs for modern “entrepreneurs” with the skills and knowledge they need to create startups and successfully grow existing firms. Reports by the Cyprus Statistical Office, the Human Resource Development Authority of Cyprus (HRDA), and EUROSTAT highlight the significance of professional entrepreneurs who hold a university degree, as they carry more skilled human capital for research and innovation and are in a better position to start and grow innovative ventures.

 

The prospects for students in “Digital Business.”

Digital transformation uses artificial intelligence (AI), machine learning, virtual and augmented reality, the internet of things (IoT), and other digital technologies to leverage data and drive intelligent workflows for real-time response to market disruptions. It ultimately changes customer expectations and creates new business opportunities. When executed successfully, digital transformation can make a company more efficient and lucrative.

Responding to digital transformational challenges, Cyprus increasingly develops a strong technological infrastructure, attracting major international companies from the Information and Communication Technology (ICT) industry. Most new ventures in Cyprus rely on digital technologies and applications, such as blockchain (e.g., Decentralized Vision), machine learning and AI (e.g., BridgerPay, Yous), mobile and internet-based platforms (e.g., Foody, L2P limited), fin-tech (e.g., Flexfin), and digital marketing (e.g., BuzzGuru). According to recent data from TechIsland, the largest non-profit IT association in Cyprus, Cyprus features over 446 technology startups and scaleups worth €3.7b in combined enterprise value. The country has recently set a National Digital Strategy that aspires Cyprus to become a fit-for-the-future society and knowledge-based economy enabled by digital transformation. The National Digital Strategy sets targeted initiatives aimed at supporting the digitalization of local businesses and business sectors; boosting digital entrepreneurship to enable the creation of new digital ventures and adoption of digital technologies by existing entrepreneurs; strengthening the digital competitiveness of existing firms by increasing their capability to adopt and explore digital technologies; and driving up the adoption of frontier and emerging technologies by new and existing companies.

These developments create significant needs for modern managers possessing digital literacy skills, who can lead the transition of their businesses in the face of a rapidly changing technological environment. Today’s managers need to master traditional managerial skills and fundamental digital skills, which are vital for establishing and (or) managing modern digital businesses. To effectively solve business problems, they need to be able to work with the latest emerging technologies such as artificial intelligence, machine learning, blockchain, VR/AR, and IoT. According to studies by OECD, McKinsey & Company, and Deloitte, which assess the managerial role and employment prospects in digital technologies, new jobs and roles emerge for managers with specialization in digitalization and digital business. Managerial roles will change, switching to tasks that complement new technologies. Managers will use more data-driven approaches to their practices, including strategic decision-making, performance management, and employee recruitment and retention. They will oversee teams using agile, data-driven, and digital solutions to address business problems and exploit innovations to reach organizational goals.

 

The prospects for graduates in Management

Graduates of the program in Management will be able to apply for any job in the private or public sector, within or outside Cyprus, in the broader scientific areas of the program, such as Accounting, Finance, Marketing, Strategy, and Human Resource Management, among others. Graduating with a high mark will enable students to apply for postgraduate studies at the best internationally recognized universities.

In year three of the program, students may apply to work in a real business organization as part of their internship course. The internship will enable them to understand the modern challenges of businesses in real working conditions. Upon completion of their studies, students who have participated in an internship are often offered a full-time job by former internship employers.

 

Certifications

Students can attain several exemptions from modules required for the accredited qualification of the professional accountant of the ACA (Institute of Chartered Accountants in England and Wales) or the ACCA (Association of Chartered Certified Accountants).

 

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