Mission message, strategy
Motto
BA School of Business and Finance – Your path to achieving professional excellence!
Vision
BA School of Business and Finance – leading partner for modern finance and business higher education in the Baltic Sea Region
Our sustainability and excellent reputation are ensured by effective and synergistic operation in the University of Latvia ecosystem, high-quality international and interdisciplinary finance and business studies, achievements of students and graduates, excellence in research, professional and creative staff, high level of digital maturity, joint activities with graduates, active cooperation with finance and business organisations, as well as with educational institutions in the Baltic Sea Region.
Mission
BA School of Business and Finance offers high quality studies and research in business and finance for future leaders
Our competitiveness and reputation are ensured by high-quality international and interdisciplinary finance and business studies, achievements of students and graduates, research, professional and creative staff, close cooperation with finance and business organisations, as well as with educational institutions in Latvia and abroad.
Values: Personality, Cooperation, Dynamism, Sustainability
Personality – we develop future leaders for the financial industry, business and society at large. Our students, lecturers and staff are individuals whose perseverance and professional development contribute to the development of themselves and of the university.
Cooperation – to achieve our goals, we collaborate with universities, companies, government institutions, research institutes in Latvia and abroad to the benefit of the university, partners and society as a whole.
Dynamism – our success is based on our ability to see the necessary change, work with partners to develop appropriate innovative solutions and implement them quickly. We create new development opportunities for our students and our partners.
Sustainability – we take a long-term perspective in the financial and business knowledge ecosystem of Latvia and the Baltic Sea Region. We act responsibly in our operations, implementing environmental, social and good corporate governance sustainability principles.
Competitive advantages
- High quality of studies;
- Wide international cooperation;
- Close relations with working environment;
- Individual approach to each student.
Goals:
1. To modernise the portfolio of study programmes in line with the needs of the Baltic Sea Region’s financial ecosystem and entrepreneurship, taking into account future strategic challenges in higher education and research:
1.1. Development, licensing, approbation of new study programmes in European Union languages and joint study programmes in cooperation with the Baltic Sea Region, including experience exchange activities.
1.2. Modernisation of study programmes – improving quality and internationalisation, including in the programmes the use of digital tools and the acquisition of digital skills, increased acquisition of financial analytics, law, ethics, foreign languages.
1.3.Accreditation of the professional study programme by international professional organisations (e.g., AACSB, AMBA, EFMD)
1.4. Involvement of employers in the study process and in the creation of new experiences for students, including work-based learning.
1.5. Ensuring accessibility of studies by developing different forms of studies – full-time (day, evening, weekends) and remote learning.
1.6. Exchange of study courses with higher education institutions in the Baltic Sea Region to promote intercultural exchange.
1.7. Recognition of certificates of study course completion/micro-credentials from the world’s most recognised universities.
1.8. Development of students’ personalities, leadership, sustainability knowledge, entrepreneurial and innovative abilities in local and international activities in cooperation with universities, companies and research institutions in the Baltic Sea Region, integrated into the study process.
1.9. Increasing the attraction of foreign students from European countries in cooperation with the University of Latvia.
2. Develop excellence in scientific research in the field of strategic specialisation:
2.1. Conducting international and local research in accordance with the scientific specialisation of BA School of Business and Finance – fields of strategic resilience and cyber security management, sustainability and efficiency, financial services and technology in cooperation with the University of Latvia, other universities, companies and research institutions to ensure the sustainability of research implementation.
2.2. Increasing the publication of research results in high-level scientific journals.
2.3. Conducting commercial research commissioned by the financial industry, business and the public sector.
2.4. Integrating of the joint doctoral programme into the Doctoral schools of the University of Latvia.
3. Strengthen institutional capacity for lifelong learning:
3.1. Developing the open university concept, including offering the possibility to acquire micro-credentials.
3.2. Creating and offering courses for online learning platforms (e.g., LU Open Minded).
3.3. Creating and delivering courses in line with industry demand.
3.4. Developing the micro-credentials system and accrediting the SQA certification centre status for issuing the professional qualification of Project Manager and HR Manager.
4. Enhance the brand value and sustainability of the BA School of Business and Finance in Latvia and internationally:
4.1. Strengthening the brand of the BA School of Business and Finance through cooperation projects with financial industry
leaders operating in the Baltic Sea Region.
4.2. Strengthening international cooperation with universities, colleges, research institutions, general and vocational secondary education institutions in the Baltic Sea Region.
5. Strengthen the capacity of academic and general staff:
5.1. Improving the skills and motivation of academic and general staff (digital and English language skills).
5.2. Improving the qualifications of academic staff for the implementation of newly created and modernised study programmes.
5.3. Introducing tenure-track professorships.
5.4. Promoting the career development of young academic and research staff – doctoral students and recent PhD graduates.
5.5. Attracting highly qualified local and foreign lecturers.
6. Strengthen the institutional capacity of the university:
6.1. Establishing a governance framework for BA School of Business and Finance within the ecosystem of the University of Latvia, ensuring quality of studies, research excellence, sustainable operational solutions, governance efficiency and effectiveness of the governance system and other university-specific institutional capacity building measures.
6.2. Implementing sustainability (ESG) principles in the university’s operations.
7. Strengthen digital transformation to improve the quality of studies, research and university governance:
7.1. Integrating IT systems into the University of Latvia IT systems (for study process organisation, accounting, staff management, lecture planning, document flow management).
7.2. Developing new IT systems with the University of Latvia.
7.3. Enhanced development of digital skills in all study programmes in cooperation with the University of Latvia.
7.4. Digitising study programme content (introduction of automated data processing systems, virtual assistants, artificial intelligence elements, digital tools related to cybersecurity education) and acquiring or adapting appropriate teaching methodologies in cooperation with the University of Latvia.
7.5. Using the software used in the work environment in the study process.
7.6. Sharing IT systems with other higher education institutions (virtual laboratory, big data centre).
8. Develop the infrastructure concept for the future operation of BA School of Business and Finance:
8.1. To carry out a real estate audit of the buildings at Kr. Valdemāra iela 161 and Skanstes iela 43 and to prepare technical feasibility study documentation for the development project of these properties.
8.2. Creating jobs for academic or scientific staff.
8.3. Sharing infrastructure with other educational institutions or commercial entities.