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EBS Bachelor's students with lecturer

EBS bachelor’s programmes updated: focus on international and practical entrepreneurship

In the 2026/2027 academic year, Estonian Business School’s bachelor’s programmes feature updated curricula that combine entrepreneurship, technology and international experience. These programmes are designed to prepare students for a labour market where success belongs to those who take initiative and can adapt quickly.

Today’s secondary school graduates are entering a labour market that is changing faster than ever before. According to the World Economic Forum’s Future of Jobs Report 2025, nearly 40% of core skills are expected to change or become outdated by 2030, making continuous learning and adaptability increasingly important.

“The labour market is changing faster than curricula. Therefore, it is no longer enough to simply transfer knowledge – young people must learn to recognise opportunities, experiment, and bring ideas to life. When entrepreneurship is integrated into the curriculum, students can start developing these skills in a meaningful way from day one,” commented EBS Vice Rector for Academic Affairs, Maarja Murumägi.

 

Bachelor’s studies combine business, technology and entrepreneurship

 

EBS’s four programmes prepare students for international careers, entrepreneurship, and roles in the technology sector. Studies are based on practical projects and case studies, where students apply their knowledge to solve real-life business challenges. The student experience is central at EBS: small class sizes and personalised, flexible learning paths support the development of each student.

International experience is an important part of the studies – students have the opportunity to study at partner universities abroad, supported by internationally experienced faculty and practitioners. EBS has the largest network of partner universities in Estonia, enabling all students to spend at least one semester at a top university anywhere in the world while paying only EBS tuition fees.

During their studies, students can develop and test their ideas, using mentorship and university support to turn strong ideas into viable businesses.

 

Applications are open for the following programmes: 

  

The International Business Administration programme is aimed at students who wish to work in international companies. Students can specialise in either finance and accounting or marketing and communication. This programme holds a 5-year EFMD accreditation and is the highest internationally recognised business administration programme in Estonia.

 

The Impactful Entrepreneurship programme functions as an innovative business simulator, where students experience all stages of company development throughout their studies – from idea creation to market entry – while developing solutions that create positive impact in society.

 

The Product and Technology Management programme, developed in collaboration with the programming school kood/Jõhvi, combines business administration, innovation, and programming skills. Students learn to develop products and lead teams, acting as a bridge between technological innovation and business needs in technology-intensive companies.

 

The Estonian-language programme in Entrepreneurship and Business Administration allows students to specialise in business development or startup entrepreneurship. It is suitable both for students planning to start their own business and for those who wish to develop new business directions within organisations.

 

“Entrepreneurship is not only about starting a business – first and foremost, it is the ability to recognise opportunities, take initiative, and bring ideas to life. These are qualities needed both by entrepreneurs and by future leaders in international organisations,” added Murumägi.

 

Future learning environment: Eedu education and entrepreneurship campus

 

A new dimension in EBS’s development will be added by the Eedu education and entrepreneurship campus, which will open in 2027. The 30-storey building on Lennuki Street will bring together learning, entrepreneurship, and community. The campus will include modern lecture and event halls, nearly 300 quiet workspaces for studying and collaboration, and 129 apartments with scenic views. The campus is being developed by Metro Capital.

“Eedu will create a space where students, entrepreneurs, and partner organisations can develop ideas, collaborate, and grow new ventures,” noted Murumägi.

  

Important dates for applicants

 

  • 1 June – application deadline for June admission interviews
  • 4 June – admission interviews

24. märts 2026

23.01 hommikukohv- Ciddy Arodi, Ingemars Liakovicus, Ben Chapman ja Jim Seltenrijch

Ride the wave or be the lighthouse? Leadership choices in times of change

In the midst of change, every leader must decide: ride the wave or be the lighthouse.
At the January EBS Growth Accelerator morning coffee, we focused on how to maintain direction and clarity in a context where uncertainty has become part of everyday leadership.

On 23 January, the morning session “Change vs Stability – Ride the Wave or Be the Lighthouse?” brought together internationally experienced leaders and development partners at EBS to discuss change management in the face of global crises and daily reorganisations.

At the heart of the discussion was a central leadership tension: the need to adapt and evolve on one hand, and the responsibility to provide stability, clarity and predictability for teams on the other – especially when operating across multiple countries, cultures and time horizons.

The conversations highlighted a leader’s ability to listen, to frame uncertainty and to make decisions under pressure. Tools and methodologies were discussed, but above all the focus remained on people – and on recognising the limits where the pace of change begins to exhaust a team.

Frameworks for change: culture, size and growth phase

Moderator Jim Seltenrijch framed the morning around two perspectives on change: cultural differences and the organisation’s size and growth phase – from micro-enterprises to large multinational corporations.

This opened a discussion on both the systemic change management of large corporations and the practical dilemmas of small and medium-sized enterprises, where multiple roles are often concentrated in the hands of one person.

A clear message emerged from the panel: there are no universal solutions. The same change may require a completely different leadership style, pace and communication approach depending on the context.

Ben Chapman: change management is always about people

The morning was opened by international finance and interim executive Ben Chapman, whose nearly 40-year career spans major consulting firms, global corporations and change programmes in more than 40 countries.

In his presentation, “Change Management – Introduction and Overview,” he emphasised a simple yet often underestimated truth: at the heart of every change are people – regardless of how technological or process-driven it may initially appear.

Ben described change management as a journey from the current state to a desired outcome, requiring the simultaneous mobilisation of people, processes and technology. Too often, organisations focus on implementing a new system or IT solution, assuming that once the system is in place, people will follow. In reality, a project succeeds only when people understand why the change is happening, what lies ahead and how they will be supported along the way.

He illustrated his points with examples ranging from cultural specifics in Japanese pharmaceutical companies to global crises such as the Covid pandemic and the impact of the war in Ukraine. He also recalled the stories of Blockbuster, Netflix and Nokia – powerful reminders of how costly it can be to ignore signals for change at the right time.

In large organisations, he noted, change management has become a distinct competence. Dedicated global change teams help business units interpret the impact of change, manage risks and maintain a focus on people rather than just project timelines.

For smaller companies, adopting all the “Rolls-Royce” tools is neither realistic nor necessary. However, the mindset can be borrowed: someone must see the bigger picture – which changes affect whom, and when the organisation truly has the capacity to absorb them.

Ciddy Arodi: culture, pace and change fatigue

Panelist Ciddy Arodi, an experienced leader and change implementer with a background in international customer service organisations and development projects in Africa, shared how differently the same change can unfold depending on organisational culture, market and growth phase. She stressed the importance of viewing change through the lens of people, not just process maps.

Her message was clear: what breaks people is not change itself, but opaque communication, poor timing and the feeling that decisions are made elsewhere without their voice being heard.

She also highlighted the role of culture. A product or change initiative that succeeds in one market may fail completely in another if local habits, beliefs and expectations are not understood.

Ciddy addressed the concept of a change portfolio – situations where organisations implement not one change at a time, but dozens in parallel. This often leads to “change fatigue.” She emphasised the need for visibility over both internal and external change drivers – such as regulations, crises and strategic projects – and for prioritisation and timing that prevents teams from operating in constant overload.

Her practical recommendation was to create a change register, managed as deliberately as a risk register. Each change should be assessed for its impact on customers, people, processes and systems, and implemented only when the organisation has the capacity to absorb it.

She also underlined the importance of change champions at different levels – people the team can turn to when official communications fade but questions remain.

Ingemars Liakovicus: glass ceilings, growth and the Growth Accelerator experience

At the conclusion of the session, Latvian leader and entrepreneur Ingemars Liakovicus shared his journey, drawing on more than 25 years of experience in developing organisations in both the private and public sectors – from furniture manufacturing and technology companies to managing national IT infrastructure.

In recent years, he has focused on growing a family-owned accounting and finance company, creating value not only in financial metrics but also in leadership systems.

Ingemars spoke candidly about the dilemma faced by founders of small and medium-sized enterprises: when the company’s value is closely tied to the founder’s personal relationships and daily involvement. Statistically, only a fraction of micro-enterprises become small companies, even fewer grow into medium-sized businesses, and fewer still become large organisations. This raises a critical question: how to build a company that does not collapse when the founder steps aside.

According to Ingemars, the Growth Accelerator is suited for leaders facing a clearly defined problem or strategic turning point – such as a growth ceiling, the need for restructuring, or the decision whether to prepare for sale or pursue aggressive expansion.

The programme begins with a real leadership challenge, not an abstract curriculum. Each participant is paired with a development partner for regular reflection, decision-making and next steps. Articles, tools and discussions are directly linked to the participant’s concrete challenge rather than theoretical case studies.

Co-creation case: stay, grow or sell?

During the interactive part of the morning, participants analysed a case prepared by Ingemars – a concise but realistic description of a company’s situation, financial indicators and strategic options.

Three strategic paths were examined:

Stay – continue with the current model and maintain a stable lifestyle business, assuming the environment remains favourable.

Go wild – pursue deliberate growth: involve investors, undertake mergers and acquisitions, enter new markets, and build teams and processes that reduce dependency on the founder.

Sell – strengthen structures and processes, increase transparency and readiness, and realise the created value through a sale.

Group discussions explored which path would be most reasonable in the given context, considering market conditions, owner motivation, team readiness and personal life stage.

An instant poll showed that most participants saw the greatest potential in the growth-oriented “go wild” option. However, they emphasised that before accelerating, thorough groundwork in strategy, structure and people is essential.

Next morning session: “Profit is there, cash is not – what went wrong in management?”

On 11 February, the next morning coffee will address a painful but familiar question: “Profit is there, cash is not – what went wrong in management?”

Valeria Kiisk (Redgate Capital) will focus on strategic financial management, understanding cash flow and the decisions that can either strengthen or undermine a company’s viability.

Growth Accelerator: when you are ready to commit to real change

If the morning discussion left you reflecting on a concrete leadership challenge, the Growth Accelerator is designed precisely for that.

You start with your real challenge, not an abstract programme.
You gain a development partner to help maintain focus and momentum.
You learn through a flexible pathway that combines individual work, meetings with development partners and other leaders, and group training sessions.
Everything you learn is immediately applicable to your own situation.

2. veebruar 2026

15.01 hommikukohvi esinejad: Sandra Raju, Marie Niilisk ja Mari Kooskora

Vaikus kui juhtimisotsus: organisatsioonikultuuri nähtamatu jõud

Mis juhib sinu otsuseid hetkel, kui kaalukausil on kasumlikkus ja inimlikkus, aga aega valimiseks napib? Jaanuarikuu EBSi hommikukohvil tõstatus see teema väga selgelt – koos ausa pilguga sellele, millist sõnumit meie otsused, vaikimised ja igapäevased harjumused tegelikult edastavad. Arutelu käigus jõuti arusaamani, et kultuur ei ole ei HRprojekt ega ilusad sõnad seinal, vaid mustrid, mille juhid oma tegudega iga päev uuesti loovad. 

Väärtused seinal või tegudes? 

15. jaanuaril toimunud hommikukohv „Kasumlikkus või inimesed?“ tõi EBSi kokku juhid ja spetsialistid, et rääkida organisatsioonikultuurist nii, nagu see päriselt väljendub – juhtimisotsustes, igapäevastes kompromissides ja inimeste julguses oma mõtteid välja öelda. Fookuses olid küsimused, kas väärtused elavad üksnes dokumentides või on tuntavad ka siis, kui on kiire, ebamugav või päriselt midagi kaalul. 

Vestlused laudkondades tõid nähtavale tuttava pinge: paberil on väärtused sageli selged, kuid päriselu olukordades kipuvad võimust võtma harjumused – vaikus koosolekul, otsused kiirustades, põhjendamata jäetud valikud. Osalejad nentisid, et just pingelistes olukordades tuleb kõige paremini välja, mis on organisatsiooni tegelikud väärtused, mitte see, mida kommunikatsioonis rõhutatakse.  

Sisemistest väärtustest sõnajulguseni 

Hommiku avas EBSi nooremteadur ja doktorant Marie Niilisk, kes uurib väärtuspõhist juhtimist, psühholoogilist turvatunnet ja töötajate sõnajulgust. Oma ettekandes sidus ta sisemised väärtused, psühholoogilise võimestamise ja töösoorituse üheks tervikuks, küsides, millest juhid tegelikult lähtuvad, kui tuleb teha ebamugavaid otsuseid ja võtta vastutus. 

Marie tõi uuringutest välja selge jada: kui psühholoogiline turvatunne on tagatud, tunnevad inimesed end võimestatuna, julgevad mõtteid ja muresid välja öelda ning hindavad oma panust kõrgemaks. Kui turvatunnet ei ole, astub pildile vaikus – kriitiline info ei jõua juhini ja organisatsiooni hakkab juhtima pigem pimedus kui strateegia, sõltumata sellest, kui hoolikalt on eesmärgid sõnastatud. 

Sandra Raju harjutus: väärtused kui isiklik treeningkava 

Hommikukohvi teine osa viis osalejad peegli ette. Sandra Raju, Tripodi konsultant ja turundusjuht, kutsus juhte üles mõtestama oma isiklikke väärtusi sama ausalt, kui nad ootavad ausust oma meeskonnalt. Visualiseerimise ja töölehe abil kaardistati, millistes olukordades on päriselt hea olla ning millised märksõnad nende hetkedega seostuvad. 

Iga osaleja sai välja valida enda jaoks olulised väärtused ja panna need enda jaoks ausalt skaalale: kuivõrd ma täna nende järgi elan? Kahe–kolme keskse väärtuse taha lisati üks hästi konkreetne samm, et väärtused ei jääks abstraktseks ideaaliks, vaid jõuaksid kalendrisse ja igapäevaellu – nii isiklikus elus kui ka juhtimisotsustes.  

Strateegiline lauamäng: otsused, vaikus ja mõju 

Kohtumise viimases osas liikus fookus tagasi organisatsioonitasandile. Dr. Mari Kooskora, EBSi õppejõud ja ärieetika praktikteadur, võttis juhtimise vaatluse alla strateegilise lauamängu vormis, kus organisatsiooni võtmeotsuseid mängiti läbi nii väärtuste, vaikuse kui mõju vaatenurgast. 
Mari sõnul ei avaldu tegelikud väärtused mugavuses, vaid surve all: just siis, kui aeg, ressursid ja ootused survestavad, saab selgeks, millisest kompassist juhid tegelikult lähtuvad. Ta tõi esile, et otsustamata jätmine ja vaikus on samamoodi otsused, mis saadavad tugeva sõnumi selle kohta, keda ja mida organisatsioonis päriselt väärtustatakse. Sellest ka strateegiamängu põhiküsimus: „Millist mustrit Sina juhina praegu lood ja millist tulevikku nende otsustega kujundad?". 

Strateegilise mängu käigus valisid osalejad laudades endale tuttava juhtimisotsuse. Arutelude käigus selgus, et väärtuspõhise juhtimise alus on mustrite märkamine – väikeste harjumuste, mugavusvalikute ja vaikimisi kokkulepete teadvustamine. Need sageli sõnastamata kogemused mõjutavad otseselt seda, kas organisatsiooni juhivad pigem väljakujunenud harjumused või teadlikult valitud väärtused, mille eest juhid on valmis vastutama ka keerulistes olukordades. 

 

Järgmised üritused ja võimalused 

EBSi hommikukohvide sari jätkub juba sellel nädalal uue teema ning veebruarist algavad süvendatud treeningud ikka selleks, et hoida juhi „mõttemuskel“ heas vormis! 

Mõttemuskli rühmatreening: „Väärtused kui strateegiline juhtimisoskus“  

13. veebruaris toimuv rühmatreening käsitleb organisatsiooni kui hõimu, tuues fookusesse väärtused ja sõnajulguse, teemad, mis on kriitilised äriedu komponendid. Tuginedes Corporate Tribe mudelile ja praktilistele tööriistadele, õpivad juhid märkama varjatud mustreid ja muutma kultuuri konkurentsieeliseks. Treening on suunatud juhtidele, kes soovivad mõista vaikuse tegelikku hinda ja juhtida organisatsiooni teadlikumalt. 
https://www.ebs.ee/taiendusope/arenguprogrammid/mottemuskli-ruhmatreening-vaartused-kui-strateegiline-juhtimisoskus  

EBSi hommikukohv „Muutused vs stabiilsus“ (in English) 

23. jaanuaril ootab juhte inglisekeelne hommikukohv „Muutused vs stabiilsus“, kus rahvusvahelised juhid ja eksperdid räägivad, kuidas leida tasakaal pidevate muutuste ja vajaliku stabiilsuse vahel.  
Registreerimine Fientas: 
https://fienta.com/et/ebs-muutused-vs-stabiilsus 

EBSi hommikukohv "Kasum on, raha ei ole – mis läks juhtimises valesti?"

Kasumlik ettevõte võib olla rahapuuduses, kui juhtimisotsused ei toeta rahavoogu. Selle teema avab praktilises arutelus Redgate Capitali partner Valeria Kiisk veebruarikuu hommikukohvil 11. veebruaril, keskendudes otsuste ja rahalise mõju seostele.

Arengukiirendi: personaaltreeneriga teekond juhile 

Neile, kes soovivad juhtimisteemadele sügavamat ja personaalsemat lähenemist, on loodud EBS Arengukiirendi. See on vajaduspõhine arenguprogramm, mis võimaldab keskenduda just nendele teemadele, mis on juhi või organisatsiooni jaoks hetkel kriitilised. Fookuses on päris väljakutsete aus sõnastamine ja tempo hoidmine selleks, et strateegilised mõtted muutuksid igapäevaseks praktikaks.  
Lisainfo ja registreerimine: 
https://info.ebs.ee/arengukiirendi 

 

19. jaanuar 2026

Mohammad Toyon with the defence committee

Mohammad Toyon’s Doctoral defence highlights retention of working university students in Estonia

On December 18, 2025, at Estonian Business School, Mohammad Abu Sayed Toyon stood before a defence committee to present five years of work on a question that affects students more than most universities and policymakers care to admit: what happens when students have to work to pursue their education? 

The defence, led by Associate Professor Riina Koris, brought together Associate Professor Maarja Beerkens from Leiden University and Senior Lecturer Oleg Badunenko from Brunel University as opponents. Both praised the thesis for clear research questions, rigorous focus, and genuine relevance. 

Beerkens noted that she was initially sceptical about measuring dropout intention rather than actual dropout, “but I see it’s really well argued now... You convinced me entirely why this is a valid measure, perhaps even a better measure.” Badunenko emphasised the thesis’s value in “highlighting the realities of working students, how they see education and how universities need to align with this new reality.”

The supervisors, Professor Kaire Põder and Assistant Professor Niveditha Prabakaran Pankova, spoke with affection about the journey. “It was five years ago, 2020, when we first saw you,” Põder recalled, noting that Toyon entered during the pandemic, part of a cohort that learned to be independent researchers while isolated. “You were sitting in Sillamäe alone, no social capital, no peer effect, very limited teachers’ effect.” Pankova, who joined EBS the same year as Toyon, described growing together: “He’s my first PhD student... I could relate to him a lot because I was in his shoes not very long ago.” There was laughter when they recounted Toyon arriving with 300 pages, saying, “The thesis is done.” 

After a brief deliberation, the committee returned with three unanimous votes in favour, awarding Toyon the degree of Doctor of Philosophy in Management.

But the research itself demands attention beyond the ceremony. In a room full of academics, Toyon’s findings landed differently because they weren’t abstract. They were about the students sitting in every classroom, working night shifts between lectures, choosing between rent and textbooks.

Understanding the work: A conversation with Dr Mohammad Abu Sayed Toyon

What is your research about, and why does it matter?

My research focuses on the retention of working university students. It matters because retention is not only about keeping students enrolled, but also about how they are treated after they enter university. Just as organisations pay attention to the experience after a purchase (post-purchase experience), universities must recognise that students arrive with expectations, responsibilities, and lives that extend beyond the classroom.

This research centres on working students and gives them a voice. In Estonia, one in three students identifies primarily as a worker, and 37% of working students cannot afford higher education without paid employment. Yet higher education has long been imagined for a different kind of student: one with time to spare, sufficient financial security, and a life arranged neatly around the academic calendar. But today’s students live differently. They work to pay rent, to support families, and to build a future that cannot wait.

When institutions fail to recognise this reality, students rarely fail loudly; they simply leave. This research shows which groups of working students are most at risk of dropping out, why relationships within universities matter, and what working students need while integrating study and paid work. It also highlights what universities can do to better support them and help them stay.

What has the doctoral journey been like for you?

The doctoral journey has been full of memories, challenges, and insights. One of the most meaningful moments for an academic is seeing their academic works accepted by scholars in the field and made publicly available. This brings a sense of validation and motivation to continue contributing to the knowledge community, and I am no exception.

One of the main challenges has been learning that success in science is not only about what you know, but also about how well you communicate it and meet the expectations of others.

Who from the faculty has been instrumental to your journey?

Everyone at EBS has contributed in different ways, but Professor Kaire Põder has been especially instrumental in supporting and guiding my journey.

What has been the most rewarding part of this process?

The relationships and connections formed during this journey have been the most rewarding. Education is not a destination, but a never-ending path. What makes it meaningful is the sense that something uncertain still lies ahead, along with the hope that keeps one moving forward.

What advice would you give to other doctoral students or those considering a PhD?

I would advise thinking carefully before enrolling in a PhD programme, as it is very different from master’s-level study. It is not simply a matter of enrolling, publishing a few articles, writing a monograph, and then saying goodbye to the university. A PhD is a process of capital accumulation, where you build resources through connections, skills, and, most importantly, self-reliance.

What is next for you after the defence?

After the defence, I plan to focus on upcoming projects and continue applying the skills and insights gained throughout this academic journey.

Dr Mohammad Abu Sayed Toyon defended his doctoral thesis, “Retention of Working University Students in Higher Education: Insights from the Estonian Context,” on December 18, 2025, at Estonian Business School.

The thesis was supervised by Professor Kaire Põder and Assistant Professor Niveditha Prabakaran Pankova. The defence committee was chaired by Associate Professor Riina Koris and assisted by EBS Research and Doctoral Studies Coordinator Sigrid Lainevee, with opponents Associate Professor Maarja Beerkens (Leiden University) and Senior Lecturer Oleg Badunenko (Brunel University London).

19. detsember 2025