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CRD334Management Sciences2 Unitsintermediate

Agro – Business Management

This course on Agro Business Management equips students with essential tools and strategies for managing agro-business operations in Nigeria. It covers key concepts such as agriculture, business, and agribusiness, exploring various forms of agro-business enterprises and their financial management. Students will learn about planning, controlling, and coordinating functions within agro-business organizations, including financial analysis, budgeting, and marketing strategies specific to agro-business products.

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169h
Study Time
13
Weeks
13h
Per Week
basic
Math Level
Course Keywords
AgribusinessManagementAgricultureFinanceMarketing

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Agriculture

2

Business

3

Agribusiness

4

Management

5

Finance

6

Marketing

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Agribusiness Manager

Apply your skills in this growing field

Farm Manager

Apply your skills in this growing field

Agricultural Consultant

Apply your skills in this growing field

Marketing Manager

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

AgricultureFood ProcessingRetailFinanceConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1:

4h

Unit 1: The Concept of Agriculture

2 study hours
  • •Read the introduction and background of agriculture.
  • •Understand the role of agriculture in Nigeria's economy.
  • •Identify efforts to improve agriculture, such as Fadama Development Project.

Unit 2: The Concept of Business

2 study hours
  • •Define business and its various types.
  • •Examine the obligations of business to customers, workers, and investors.
  • •Understand the ethical considerations in business operations.
Week
2

Module 1:

4h

Unit 3: The Concept of Agribusiness

2 study hours
  • •Define agribusiness and its components.
  • •Differentiate between supplies, farm production, and processing aspects of agribusiness.
  • •Analyze the coordination required between technology and economics in agribusiness.

Unit 4: The Concept of Agro-business

2 study hours
  • •Relate agribusiness to agro-industries.
  • •Examine the utilization of crops in producing agro-products.
  • •Assess the potentials of agro-business in the Nigerian economy.
Week
3

Module 1:

3h

Unit 5: Steps involved in establishing Agro-business Enterprises

3 study hours
  • •Appraise the economic needs of an agro-business.
  • •Conduct a feasibility study, considering fixed and variable costs.
  • •Select an appropriate form of business and articles of incorporation.
Week
4

Module 2:

3h

Unit 1: Forms of Agro-business Enterprises

3 study hours
  • •Identify different forms of agro-business enterprises: sole proprietorship, partnership, companies.
  • •Analyze the advantages and disadvantages of each form.
  • •Understand the importance of selecting the proper form of business.
Week
5

Module 2:

3h

Unit 2: Sources of Finance for Agro-business Enterprises

3 study hours
  • •Explore formal sources of finance: commercial banks, community banks, merchant banks.
  • •Examine informal sources of finance and their limitations.
  • •Identify problems facing formal sources of finance, such as lack of collateral.
Week
6

Module 2:

3h

Unit 3: The Concept of Management

3 study hours
  • •Define management and its approaches.
  • •Discuss management theories and principles by Fredrick Taylor and Henry Fayol.
  • •Identify elements and principles of management.
Week
7

Module 2:

3h

Unit 4: Planning in Agro-business Organizations

3 study hours
  • •Understand the nature of planning and its essential features.
  • •Classify plans: corporate, strategic, and tactical.
  • •Follow the steps in the planning process and characteristics of a good plan.
Week
8

Module 2:

3h

Unit 5: Staffing as Management Function in Agro-business

3 study hours
  • •Understand the nature of staffing and the recruitment process.
  • •Examine manager selection and the process of placement.
  • •Analyze the importance of effective staffing in agro-business.
Week
9

Module 3:

3h

Unit 1: Management Function of Controlling in Agro-business

3 study hours
  • •Understand the nature of controlling in agro-business.
  • •Examine the requirements of an effective control system.
  • •Follow the steps in the control process and subordinates' reactions to supervisory control.
Week
10

Module 3:

3h

Unit 2: Coordinating as a Management Function in Agro-business

3 study hours
  • •Understand the nature of coordinating in agro-business.
  • •Examine approaches to achieving effective coordination.
  • •Analyze the use of committees, staff meetings, and effective communication.
Week
11

Module 3:

3h

Unit 3: Financial Analysis in Agro-business Enterprises

3 study hours
  • •Understand the concept of financial analysis and financial ratios.
  • •Examine solvency, asset management, debt management, and profitability ratios.
  • •Apply financial ratios to analyze agro-business performance.
Week
12

Module 3:

3h

Unit 4: Budgets and Budget Control for Agro-business

3 study hours
  • •Understand the concept of budget and budget control.
  • •Examine operating and financial budgets.
  • •Apply financial control methods, including balance sheets and income statements.
Week
13

Module 3:

3h

Unit 5: Marketing of Agro-business Product

3 study hours
  • •Understand the concept of marketing and the marketing mix.
  • •Examine the elements of the marketing mix: product, price, place, and promotion.
  • •Analyze marketing functions and their application to agro-business products.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all module summaries to reinforce key concepts.

2

Practice financial ratio calculations from Unit 3 using sample data.

3

Create marketing plans for hypothetical agro-business products based on Unit 5.

4

Focus on understanding the interrelation of management functions (planning, controlling, coordinating).

5

Study past TMA questions to familiarize yourself with the exam format.

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