Programme Structure

First term


Principles of Management I

Projects and Operations in an Evolving Industrial Revolution (30 ECTS)

Second term


Principles of Management II

Strategy, Resources and Data in and Increasingly Digital World (30 ECTS)

Third term


Entrepreneurship & Technology Management (30 ECTS)


Industry 4.0: Technological Foundations and Organizational Challenges (30 ECTS)


Challenges for managing Logistics and Supply Chain in Global Business Environments (30 ECTS)

Fourth term


Master Thesis: Company-based or University-based (30 ECTS)

Students will spend each of the semesters at one of the partner institutions, starting in Edinburgh, Scotland, and subsequently continuing with the second semester in Madrid, Spain.

In the third semester the student will have the possibility to choose among different optional tracks of specialization in different universities and cities: Munich, Dubai or Madrid.

The final semester is dedicated to the master thesis and can be performed in any of the partner universities and campuses.

Semesters 1 and 2 will be dedicated to the Foundations of Management:

  • The first semester in Edinburgh will on operations, strategic links between projects and business strategy and understanding and measuring business performance and its links to delivering strategy.
  • The second semester in Madrid will address the relation between business decisions, organization and strategy, management in an interconnected world, finance and general management skills.

For semester 3, students have the following options:

  • Entrepreneurship & Technology Management in TUM, Munich.
  • Industry 4.0: Technological Foundations and Organizational Challenges in UPM, Madrid
  • Global Supply chain and logistics management in HWU, Dubai.

The final semester is for master thesis and can be performed virtually in any of the partner universities.

In addition to the delivery of managerial content, the program facilitates and stimulates the participation to the social, economic, cultural life of the hosting cities (e.g. with courses of local language, seminars of local managers, company visits,…).

All teaching activities are in English. A significant amount of these take an interactive approach, through extensive use of group-based work, case studies and seminars in order to stimulate dialogue and learning from the diverse experiences of students and teachers.

IMIM Program Courses

First semester courses: HWU, Edinburgh

Principles of management I: Projects and Operations in an Evolving Industrial Revolution

  • Strategic Project Management (7.5 ECTS)
  • Operations Management (7.5 ECTS)
  • Measuring and Managing Performance (7.5 ECTS)


And 1 Elective Course from either:

  • Fundamentals of Lean Six Sigma (7.5 ECTS)
  • Work, Culture & Organisations (7.5 ECTS)
  • Business Analytics and Introduction to big data (7.5 ECTS)

Second semester courses: UPM, Madrid

Principles of management II: Strategy, Resources and Data in and Increasingly Digital World

  • Strategic Analysis of Business Decisions (6 ECTS)
  • Statistics and Data Analytics: from Big Data to Good Decisions (6 ECTS)
  • Complexity and Networks: Business in an Interconnected World (3 ECTS)
  • Industrial and International Marketing (3 ECTS)
  • SME Management (3 ECTS)
  • Financial and Managerial Accounting (3 ECTS)
  • Capital Markets and Corporate Finance (3 ECTS)
  • Research Methods (3 ECTS)

Third semester courses: TUM, Munich

Entrepreneurship & Technology Management


  • Global Entrepreneurship (3 ECTS)
  • Business Plan Basic Course (3 ECTS)
  • Empirical Research in Management and Economics (6 ECTS)



  • Private Equity (6 ECTS)
  • Advanced Seminar Innovation & Entrepreneurship: Strategic Entrepreneurship (6 ECTS)
  • Advanced Seminar Innovation & Entrepreneurship: Ideation & Venture Creation (6 ECTS)
  • Advanced Seminar Innovation & Entrepreneurship: Venture Growth and Internalization: Start-up stakeholder management and resource acquisition (6 ECTS)
  • Advanced Topics in Innovation & Entrepreneurship: What’s New about New Forms of Organizing? (6 ECTS)
  • Project Studies (12 ECTS)


All courses are exemplary and might change according to the offer of the semester.

Third semester courses: UPM, Madrid

Industry 4.0: Technological Foundations and Organizational Challenges

  • Industry 4.0: Digitalization and Innovation for Smartness in Industries (6 ECTS)
  • Integrative Technologies and Organizational Approaches for Industry 4.0 (6 ECTS)
  • Emergent Technologies for Industry 4.0 (3 ECTS)
  • Data and Decisions in the Industrial Setting (6 ECTS)
  • Cibersecurity (3 ECTS)
  • Labs (6 ECTS)

Third semester courses: HWU, Dubai

Challenges for managing Logistics and Supply Chain in Global Business Environments

4 mandatory courses

  • Global Purchasing and Supply (7.5 ECTS)
  • Strategies for Managing Supply Chains (7.5 ECTS)
  • Supply Chain Risk and Adaptation (7.5 ECTS)
  • Freight Transport and Warehouse Management (7.5 ECTS)

Fourth semester: anywhere in the world

Master Thesis

The Master Thesis is completely integrated in the educational program as an opportunity for the student to apply what she has learned during the previous semesters, with a multi-functional and integrative approach. It is a broad project that the IMIM consortium organizes in collaboration with universities, industrial and service companies and other organizations. There are two types of Master Thesis (MTh):

  • MTh performed in academic institutions (universities members of the consortium or other European academic institutions or from third countries having agreements with IMIM consortium)
  • MTh performed in companies or other organizations (foundations, public administrations)

The MTh is defined by a clear set of objectives, by expected outcome and by main milestones. An expert IMIM tutor supervises the student’s activities, mentoring and directing the development of the project. An academic tutor from one of the consortium universities is always responsible for the follow up of the MTh. There can be other tutors who may act as external tutors The student conducts an autonomous work with defined responsibilities, toward the achievement of the stated objectives, considering a wide range of managerial aspects and adopting different tools. The Master Thesis is a wonderful opportunity to blend the knowledge of different subjects and take an integrated and practical view of the issues addressed during classes.