1. Generic competencesDescription of the Competence Learning Competence The student  possesses the capability to evaluate and develop one’s own competences and learning style  possesses the capability to retrieve and analyse information and evaluate it critically  is able to take responsibility for collaborative learning and sharing knowledge in teams  possesses the capability of combining an entrepreneurship-focused way of action with one’s own professional development and career planning Ethical Competence  is able to take responsibility for one’s own actions and the consequences of the actions  possesses the capability of following the ethical code of conduct in one’s own professional field  possesses the capability of taking into account the variety of people in one’s actions  is able to follow the principles of equality  is able to apply the principle of sustainability to one’s own field  is able to interact in the society using one’s own skills and knowledge in accordance with ethical values Working Community Competence  is capable of acting as a member of a working community  possesses the capability to interact and communicate in versatile situations in the working life  is able to utilise information technology and communication technology in the tasks of one’s own field  is capable of networking and making personal contacts in the working life environment  possesses the capability to make decisions in unpredictable situations  is able to work independently to complete tasks which require professional expertise  possesses the skills and the knowledge to work as an entrepreneur Innovation competence  possesses the skills and knowledge for creative problem solving and is able to further develop the working methods  is capable of working in projects  is able to implement research and development projects by applying the prior knowledge and methods in the field  is able to look for customer- oriented, sustainable and economically profitable solutions International Competence  possesses the language skills necessary for one’s own work and for the professional development  is able to co-operate in a multicultural environment  is able to take account of the influence and the opportunities of internationalisation in one’s own work

2. Specific CompetencesDescription of the Competence Focused Entrepreneurial Thinking The student possesses  Ability to develop customer and market-oriented business ideas, and to develop creative and innovative solutions to various business related problems.  Understanding of market forces and ability to identify, communicate, and cooperate with various business stakeholders.  Ability to translate business ideas into realities through risk taking, appropriate decision making, effective planning and implementation.  Development of entrepreneurial thinking. Internationalisation of Small and Medium Sized Enterprises  Thorough understanding of the business internationalisation process and possible alternatives for international market entry.  Capability of planning and executing international trade operations including full awareness of procedures, contracts and documentation, relevant organisations, logistical complexities and solutions.  Capability of strategic assessment of internal business conditions as well as external business environment.  Ability to develop alternative strategies to be adopted and to provide guidance for implementation and control.  Understanding of customer importance and mastering the necessary skills to establish solid and lasting customer relationships. Research, Development and Innovation (RDI)  Understanding the key role of research and development for growth, prosperity and efficiency.  Ability to identify and define research problems.  Ability to employ the scientific research approach to problem solving.  Ability to develop an effective and efficient research process and to evaluate and apply research techniques, to develop creative and innovative solutions for various business and economic problems Intercultural Communication  Ability to understand cultural differences and effectively communicate in a multicultural environment.  Ability to work as active leader or team member in a multicultural environment as well as in international teams.  Ability to use all available modes of communication skilfully to communicate and convey ideas clearly, taking cultural impact into consideration.  Fluent and accurate use of the English language, both in writing and orally.  Understanding of Finnish culture and society and ability to communicate sufficiently in the Finnish language.