“Business Development” is a lecture style / case-discussion course within the M.Sc. in Economics and Business Administration program. It is a core class within the degree profile “Innovation and Business Development” and can also be selected as an elective for profiles such as “Strategy and Organization”. The course examines the issues of strategy formulation and implementation with an emphasis on small and new businesses. It complements traditional strategy courses by addressing the challenges and complexities embedded within an entrepreneurial context while helping students to apply the theoretical insights through the creation/development/refinement of business models.