New Business Development (minor)

Technological advancements and globalisation challenge organisations, industries and national economies needs to be on constant alert to explore, develop and exploit new business opportunities.

NBD will only be available as a minor for new students from the autumn semester of 2021.

This requires an understanding of processes in innovation and entrepreneurship in all stages of new business development.

A minor in New Business Development will educate future managers and entrepreneurs who can address these challenges by providing the innovative products and services consumers want, the jobs people need, and the economic growth required to support the society.

This allows them to assist small businesses to become medium sized business, and medium sized businesses to become large.

  • Subject area

    Subject area

    The New Business Development programme draws on the expertise of NHH on commercialization, finance, financial management, international business, strategy, human resources, and economics.

    These competences are needed, and often lacking, in growth-oriented new business development initiatives. Thus, the subject area is highly interdisciplinary, but covers the following overarching themes:

    • The dynamics of innovation and entrepreneurship in start-ups and established corporations.
    • The identification, conceptualization and implementation of new business opportunities.
    • Managing and scaling up of these new business opportunities.
  • Learning outcome

    Learning outcome


    The candidate:

    K1: has academic knowledge to understand the complex processes and dynamics of new business development.

    K2: has research-based knowledge on challenges associated with mobilising resources, scaling up and growth of ventures.

    K3: has research-based knowledge to reflect critically on theories and research on new business development.


    The candidate:

    S1: can carry out an independent, limited research or new business development project under supervision.

    S2: can apply existing theories, methods and interpretations to specify new business development projects.

    S3: can assess the commercial and sustainable viability of new business opportunities.

    General competence 

    The candidate:

    G1: can contribute to new thinking and innovation processes by communicating new business ideas and projects to different audiences.

    G2: can mobilise resources for new business development projects.

    G3: can collaborate and co-create in collaborative teams partnerships.

  • Structure


    Mandatory courses

    All New Business Development major student must choose three compulsory courses - giving 22.5 ECTS points.

    First, all NBD major students must take the NBD406 Innovation & Entrepreneurship, which educates the students to understand the phenomenon and the role of innovation and entrepreneurship in the development of firms, industries and nations.

    Second, the students have to take the NBD405 NBD in practice course were students get involved in the process of new business development by working on a real-life business case, either for an established business or a newly established venture.

    Third, the students can choose between two courses to fulfil the compulsory methodology requirement, eitherSTR402a Methodology for Master Thesis or MBM400A Research on Brand Decisions.

    Elective courses

    To complete an NBD profile, the students have to complement the 3 obligatory courses with a total of 22.5 ECTs in electives. Currently we offer 12 courses. More courses are currently being developed.

    Innovation School route

    Candidates that attend Innovation School have the opportunity to replace the compulsory NBD in Practice (7.5 ECTS) and three NBD electives (22.5 ECTS). In order to obtain an NBD major, these students must, in addition to Innovation School, also take NBD406 Innovation and Strategic Entrepreneurship and the required methodology course.

    Candidates cannot combine a major in NBD with a minor in Innovation School, Gründerskolen or Social Entrepreneurship at UiO.

  • International opportunities

    International opportunities

    As an NHH student you have excellent opportunities to gain valuable international experience during your studies through exchange programmes, the CEMS Master's in International Management (MIM) joint degree, the Double degree programme and summer courses.


  • Career


    As an NHH graduate you have numerous career possibilities.