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ISM University of Management and Economics is an institution of undergraduate, graduate and post- graduate education in business, management and economics. The University serves as an advanced Centre of market analysis, executive training and leading academic thought. ISM University of Management and Economics was established in Kaunas in 1999 as the first privately owned institution of management education in Lithuania. The main founders of ISM are BI Norwegian Business School and The Norwegian Industrial and Regional Development fund. The predecessor of ISM was the Business Training Centre, well-known executive training institution in Lithuania. Since the 1995, when the Business Training Centre took the beginning, the main motive power was to contribute to the development of Lithuanian business community in providing up to date management knowledge. By offering a variety of executive courses, management training programs, market research, personnel evaluation, BMC was recognized as a leading institution of management training and consulting in Lithuania. Now BMC is the training and consulting department at ISM.
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