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Universities prepare professionals who will guide and influence organizations in the future, so the issue of qualitative, excellent business education is and will continue to be relevant. How to identify universities that provide qualitative business education is a topical issue for potential students, parents and universities themselves. Aim of this research was to explore what is understood in the scientific literature by "business education excellence and quality", by which methods they are evaluated and raised and to develop recommendations for practically applicable methods in a university. It may be concluded that in the studies on the quality and/or excellence of higher education, the definitions of these terms are often not provided or are different and vary widely. The evaluation methods used are also different. Evaluating the quality and/or excellence of higher education is a difficult task and often impossible because it requires a standard to compare. The quality and/or excellence of higher education can be judged by the use of indicators, such as the number of companies established by graduates, profits of start-ups, the number of jobs created, the amount of taxes paid. In order to produce qualitative results, it is important to provide high quality inputs-program, academic staff, students, material resources, and environment. University ratings and quality certificates shall not be used as key tools for assessing the quality/excellence of higher education. Universities are facing new challenges and their success will be greatly influenced by their ability to change, to be fast, creative and cooperative.

The aim of this study is to identify opportunities for the development of the bioeconomy in Latvia, assessing its role in the development of the agricultural sector. Nowadays, the development and sustainability of natural resources are of great importance. The bioeconomy can be considered as one of the oldest sectors of the economy, which life sciences and biotechnology can transform into one of the most modern sectors of the economy. From a number of perspectives, one of Latvia's development opportunities is the more sustainable and efficient use of natural resources. The bioeconomy provides a combined approach to integrating knowledge-based economic growth, social welfare and environmental protection in agriculture, forestry and fisheries, respecting the principles of the circular economy. The aim of this paper is to provide information on a study carried out to investigate and analyse the development perspectives of the bioeconomy and organic farming in Latvia. The research methodology includes theoretical concepts and a framework of factors influencing the bioeconomy. The study uses the Delphi method, collects data from expert interviews and surveys, uses the Porter's hypothesis method, and analyses the competitiveness of organic farming enterprises in Latvia based on Porter's five forces method. The development of the bioeconomy is mainly related to the production and efficient processing of bioresources. Rural areas and regions are therefore the ones with the greatest potential for development. Research data show that the growth of the bioeconomy will contribute to the development of Latvia's rural areas and regions and that Latvian organic farming enterprises have great potential.