Technological advancements and globalisation challenge organisations, industries and national economies needs to be on constant alert to explore, develop and exploit new business opportunities.
This requires an understanding of processes in innovation and entrepreneurship in all stages of new business development.
A major 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.
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.
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.
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 viability of new business opportunities.
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.
- Bachelor’s degree
Admission to master’s degree studies in Norway requires Higher Education Entrance Qualification and a completed degree comparable to a Norwegian bachelor’s degree. Please refer to NOKUT (The Norwegian Agency for Quality Assurance in Education) for information about the minimum educational requirements for your country.90 ECTS must be within economics and business administration. This may include methodological subjects like statistics or mathematics, but not exclusively. 30 ECTS must be within business administration (e.g. finance, accounting, strategy, marketing, statistics, mathematics, etc.). Economics courses such as micro- or macroeconomics may not count toward the business administration requirement. This requirement is absolute and cannot be compensated by work experience, test results or other criteria.Applicants are ranked according to their grade average. Your GPA should correspond approximately to a B on the ECTS grading scale. Admission is highly competitive with only one in eight applicants being offered admission. If you are to complete your degree in the spring semester of the admission year, admission will be assessed on results up to and including the penultimate semester. If offered conditional admission based on ongoing education and final transcripts result in an unacceptable decrease in grade point average, you will be refused unconditional admission.
- GMAT or GRE
Applications not including a GMAT/GRE test by March 15 will under no circumstances be considered, unless you belong to one of the few groups exempted (see Exemptions from the GMAT-/GRE requirement below).Minimum test scores required:
- GMAT: a total score of 600 points (Programme code: 7KZ-ZK-01)
- GRE: 152 points on the quantitative reasoning section (Programme code: 0686)
Test scores must be less than five years old at the time of the application deadline and only test scores issued to NHH directly from the issuing authority are accepted.
Exemptions from the GMAT-/GRE requirement
- English language requirement
Unless you belong to one of the groups exempted (see below), you must document a good command of the English language by passing one of the three tests below:
- TOEFL – Test of English as a Foreign Language (Programme code: 0686) Minimum total score: 90 points on the internet based test, 575 points on the written test or 233 on the computer-based test
- IELTS Academic – International English Language Testing System
Minimum overall band score: 6,5
- PTE Academic – The Pearson’s Test of English. Minimum score: 62
Test scores must be less than two years old at the time of the application deadline and only test scores issued to NHH directly from the issuing authority are accepted.
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