BST 9742 Small Business Development

BST 9742 Small Business Development

Course code: 
BST 9742
Strategy and Entrepreneurship
Course coordinator: 
Nils-Otto Ørjasæter
Course name in Norwegian: 
Bedriftsutvikling for SMB
Product category: 
Bachelor - Programme Electives
2023 Autumn
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

The course aims at qualifying students for management of small and medium-sized enterprises, SMEs, as well as for consultancy work for SMEs. This entails that the specialisation has ties to the business community. Cases and discussions are used to enable students to find work methods for contributing optimally to their own and other students learning. Hence the students become responsible for the learning processes, together with the organizers of the processes.

Learning outcomes - Knowledge

After completed course students shall have:

  • Acquired basic knowledge about SME's role and importance in our society
  • Acquired knowledge of management and governing bodies in an SME in various development phases, from start to liquidation of companies
  • Acquired knowledge about support systems and risk management in a SME
  • Know about critical success factors and competitive advantage for a SME
Learning outcomes - Skills

After completed course students shall be able to:

  • Prepare a development plan for an SME
  • Analyze management needs for companies in different phases
  • Prepare plans with associated budget and financial impact assessments for an SME
General Competence
  • Students will develop an understanding of business complexity, including the relationship to stakeholders and social responsibility
  • Students should be able to practice solution-oriented behavior with ethical reflection
  • Students must be able to contribute to the development of sustainable solutions in an SME
Course content
  • Management, organization and management of an SME
  • Comprehensive management through interaction and team development between the board and daily management
  • The company's life cycle from start-up via growth to mature company
  • Formal aspects of the board's work based on company law, regulations, articles of association and standards
  • The board and management in situational conditions (change, restructuring, crises, conflicts)
  • Innovation and development from the entrepreneurial phase to running operations - development of business models
  • Management of strategic processes for development and growth in SMEs
  • Operational and day-to-day management of an SME
  • Development of management
  • The challenges and opportunities of digitalisation in an SME
  • CSR - Sustainability - Climate / Environment as a strategic competitive advantage in an SME
Teaching and learning activities

During the semester, 4 work requirements are given, of which 3 must be approved in order to sit for the exam and to be able to submit the project assignment at the end of the semester.

The work requirements are an important part of the preparations for the learning process and the development of the solution for the final project assignment. Discussion and feedback on the work requirements takes place in the meetings.

The project assignment can be solved alone or in groups of up to 3 people. The students themselves are responsible for the creation or dissolution of groups.

Students are required to have a PC with access to the internet. There is no requirement for special ICT competence, but students must be familiar with the use of the internet, search in databases and the use of computer tools to analyze, structure, and present information. Active use of BI's web-based communication platform It’s learning is required

Software tools
No specified computer-based tools are required.
Additional information

Coursework Requirements

Students who do not get the work requirement approved in the course are not allowed to take the exam. This means that they must take the entire course again at a later course conduction.

Students who do not pass the written exam and/or the project assignment, or who wish to improve their grade, can take a re-sit at next scheduled exams.


Two years of college education in economics and business administration, marketing or equivalent is required for taking the course.


Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

Basic course of statistics from the 1st year of the bachelor's programme MET 3431 Statistics or MET 2920 Statistics.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Mandatory coursework:
Mandatory coursework:Mandatory
Courseworks given:4
Courseworks required:3
Comment coursework:
Exam category: 
Form of assessment: 
Written submission
Group/Individual (1 - 3)
1 Semester(s)
The theme for the project assignment is the preparation of a development plan for a company with emphasis on critical success factors and risk.
All exams must be passed to obtain a final grade in the course.
Exam code: 
Grading scale: 
Examination when next scheduled course
Exam category: 
Form of assessment: 
Written submission
Support materials: 
  • BI-approved exam calculator
3 Hour(s)
Written exam by testing on theoretical knowledge up against the course theory.
All exams must be passed to obtain a final grade in the course.
Exam code: 
Grading scale: 
Examination when next scheduled course
Type of Assessment: 
Ordinary examination
All exams must be passed to get a grade in this course.
Total weight: 
Course codeCredit reduction
BIK 2940100
Credit reductions:
Course code:BIK 2940
Credit reduction:100
Reduction description

Kurset BIK 2940 sperrer 100% mot kurset BST 9742 Bedriftsutvikling for SMB.

Student workload
74 Hour(s)
Prepare for teaching
100 Hour(s)
Group work / Assignments
80 Hour(s)
Group work / Assignments
143 Hour(s)
3 Hour(s)
Sum workload: 

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.