Competencies of the Study Program

Active and effective participation in the MBA in Business Management develops general competencies, specific competencies in business management, and very clearly defined specific competencies from the subjects that are dependent on the chosen study track, which are an essential segment in the overall set of specific competencies acquired upon completion of the MBA in Business Management.

When it comes to general competencies, a graduate should be able to:

Exchange information, ideas, problems, and solutions with experts and non-experts.
Adapt to changes in technology and work methods within the framework of lifelong learning.
Effectively collaborate in project teams and adjust to the demands of the work environment.
Understand the impact of the profession on society and the business environment.
Demonstrate high morality, responsibility, diligence in work, and behave according to strong ethical principles when solving business problems (social responsibility).
Link new scientific knowledge in solving current and future problems.
Apply acquired theoretical knowledge, practical skills, and habits in further professional and academic education.

Specific (Professional) Competencies upon Completion of the Track: Financial Management

Distinguish types of financial institutions and the legal sources regulating the activities of financial institutions in Croatia.
Knowledge of the status-legal structure of financial institutions.
Knowledge of the specifics of governance bodies in financial institutions.
Drafting various types of contracts.
Differentiating the fundamental models, methods, and techniques leading to the optimal balance sheet and capital structure of a business bank.
Specific professional knowledge about the structure, costs, and risks of sources of funds, credit portfolios, service distribution channels, risk management, performance evaluation, and causes of bank failure, credit and other procedures, and managerial decision-making.
Interpreting types of controls and understanding the legal and professional regulations in conducting audits.
Correctly describing and interpreting the role of internal auditing in detecting fraud.
Interpreting the content of audit reports.
Understanding how monetary policy affects economic participants and how changes in monetary policy drive changes in business decision-making by various participants.
Understanding how changes in participant behavior and decision-making will impact the business environment.

Specific (Professional) Competencies upon Completion of the Track: Taxes and Business Law

Correct use of legal sources of enforcement law.
Gathering theoretical knowledge necessary for understanding procedural aspects of the law that are applied in practice in enforcement proceedings.
Correct interpretation of legal rules and developing critical thinking.
Understanding behaviors that can cause damage and the resulting responsibility for harm.
Evaluating behaviors and recognizing actions that represent harmful acts and the causal connection between the harmful act and damage as a consequence.
Analyzing basic forms of economic association of companies, where companies remain legally independent.
Analyzing the basic features of various status changes in companies.
Knowledge of competition law and forms of behavior that may lead to violations of competition rights, with particular emphasis on competition rules in financial business.
Analyzing the criminal law framework that governs illegal activities in business, manifested through economic crimes and economic offenses.
Mastering and properly using legal norms from the criminal law framework of economic crime.
Ability to recognize and assess illegal behaviors in business that have the characteristics of economic crime.
Identifying and evaluating actions and procedures related to the prevention and investigation of economic crime and their application in business entities and organizations.

Specific (Professional) Competencies upon Completion of the Track: Human Resources and Knowledge Management

Ability to differentiate between various understandings of the concept of leadership.
Differentiating leadership as a trait versus leadership as a process.
Identifying leadership approaches based on skills, style, and traits and analyzing leadership styles.
Evaluating the difference and similarities between situational leadership and coordinated leadership theory.
Designing, implementing, and evaluating recruitment policies.
Understanding the role of public institutions and private employment agencies.
Differentiating between active and passive employment policies.
Recognizing and understanding issues related to people in organizations.
Ability to implement theoretical concepts that address people-related problems in organizations and develop appropriate solutions, all aimed at successful organizational leadership.
Distinguishing and selecting the most appropriate approaches, models, procedures, and tools as the foundation for optimal decision-making and implementing quality solutions in a specific organizational context of human resources management.
Understanding personal career development in the new economy.
Understanding new phenomena such as employability rates and employee competencies.
Ability for analytical thinking, which is enhanced by comprehensive interdisciplinary problem-solving with effective writing of reports, notes, and documents.

Specific (Professional) Competencies upon Completion of the Track: Analytical Management

Apply psychological components of creativity and insights into the dynamics and phases of the creative process in developing personal creativity.
Solve complex business problems and make complex business decisions by overcoming restrictive mental frameworks.
Classify the significance of individual behavior’s impact on economic decision-making.
Critically assess creative and innovative processes in organizations.
Apply the necessary knowledge and skills to develop a creative organizational culture and manage both personal and others’ creative skills.
Create models for implementing analytical processes in solving complex business problems and business decision-making.
Interpret analytical management processes in solving complex business challenges.
Test network connectivity in the modern world.
Predict the applicability of social network analysis within business entities across various business areas.
Design ways and forms of creative thinking using digital technologies.
Apply acquired knowledge and contribute uniquely and productively (analytically) to solving complex problems and facing the demands of the modern business environment using various analytical tools and methods.

Specific (Professional) Competencies upon Completion of the Track: Behavioral Economics

Apply a systematic and holistic approach to problem-solving based on interdisciplinary knowledge from economics and psychology.
Critically evaluate behavior and decision-making of participants in interaction based on comprehensive knowledge of models combining traditional and behavioral game theory.
Interpret inconsistencies in individual perception and judgment in the investment decision-making process and cases of market anomalies.
Critically assess the application of behavioral science constructs in shaping, developing, and implementing public policies, their conceptual and practical limitations, and ethical implications.
Create effective social marketing strategies using consumer behavior change theory.
Apply advanced quasi-experimental methods on real data to test causal relationships in economic and business processes.
Test the basic principles of normative versus descriptive economics and the contributions of behavioral science in various areas of law.
Interpret psychological factors influencing economic decisions and their impact on business operations and outcomes based on recent findings in neuroscience and cognitive sciences.
Critically evaluate reasons for systemic errors in real-world decision-making and the unique psychological factors affecting decisions under risk and uncertainty.
Critically assess recent insights on how information processing occurs in economic contexts, with particular emphasis on the roles of memory, perception, intuition, and reasoning in economic behavior.
Apply knowledge and skills in social network analysis and social physics to solve complex business problems and make business decisions.
Interpret the fundamental processes of forming individual social attitudes and psychological mechanisms that determine social environment perception, with the aim of ethically applying the principles of economic propaganda and persuasion.
Design ways of solving real problems using a set of statistical methods and tools that provide better understanding of data in the context of social and behavioral sciences.