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ENT102Management Sciences2 Unitsintermediate

The Nigerian Entrepreneurial Environment

This course introduces learners to the Nigerian entrepreneurial environment and its variables. It aims to identify environmental factors affecting entrepreneurial development, including types of environmental factors and adaptive mechanisms. The course explores the history of entrepreneurship in Nigeria, its role in the national economy, and various forms of business ownership. Students will gain an understanding of the internal and external business environments and develop skills in environmental scanning.

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208h
Study Time
13
Weeks
16h
Per Week
none
Math Level
Course Keywords
EntrepreneurshipNigerian EnvironmentBusiness OwnershipEconomic DevelopmentEnvironmental Factors

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📚
Math Level
No Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Entrepreneurship Definitions

2

Environmental Variables

3

Business Ownership Forms

4

Sources of Finance

5

Economic Environment

6

Technological Environment

7

Cultural Environment

Total Topics7 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 assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Computer Based Test

Career Opportunities

Explore the career paths this course opens up for you

Business Owner

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Business Consultant

Apply your skills in this growing field

Business Development Manager

Apply your skills in this growing field

Small Business Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Small and Medium Enterprises (SMEs)RetailManufacturingService SectorConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Overview of Entrepreneurship

2h

Unit 1: Definitions of Entrepreneurship as a Business Activity

2 study hours
  • •Define entrepreneur, entrepreneurship, development, and entrepreneurship development.
  • •Describe entrepreneurship as a business activity.
  • •Identify characteristics and objectives of a business.
  • •Discuss key concepts related to entrepreneurship development.
Week
2

Module 1: Overview of Entrepreneurship

2h

Unit 2: Characteristics, Advantages and the Role of Entrepreneurship in Economic Development

2 study hours
  • •List and discuss character traits of entrepreneurs.
  • •Explain the advantages and disadvantages of entrepreneurship.
  • •Discuss the role of entrepreneurship in economic development.
  • •Analyze motivating factors for entrepreneurs.
Week
3

Module 1: Overview of Entrepreneurship

2h

Unit 3: Functions of an Entrepreneur

2 study hours
  • •Describe the role of an entrepreneur as a risk bearer.
  • •Discuss the management decision-making function.
  • •Explain the production function of an entrepreneur.
  • •Discuss the strategic planning function.
  • •Explain the marketing management function.
Week
4

Module 1: Overview of Entrepreneurship

2h

Unit 4: History of Entrepreneurship Development

2 study hours
  • •Trace the history of entrepreneurship development globally.
  • •List and explain the role of authors and practitioners in the evolution of entrepreneurship.
  • •Identify the different stages of the history of entrepreneurship in Nigeria.
  • •Discuss entrepreneurship and leadership in Nigeria, especially as it affects youth empowerment.
Week
5

Module 2: Business Environment (1)

2h

Unit 1: The Internal Business Environment

2 study hours
  • •Explain the nature of the business environment.
  • •Explain the difference between the internal and external business environment.
  • •Discuss the internal environment of business, including owners, board of directors, employees, and organizational structure.
Week
6

Module 2: Business Environment (1)

2h

Unit 2: The Task Environment

2 study hours
  • •Understand how the activities of suppliers affect business.
  • •Explain the role of distributors in enhancing business performance.
  • •Describe how consumer activities affect business.
  • •Explain the impact of competitive rivalry on business.
Week
7

Module 2: Business Environment (1)

2h

Unit 3: The Political Environment

2 study hours
  • •Discuss political systems and how they affect business organizations.
  • •Explain the functions of government and their impact on business activities.
  • •Demonstrate how the political environment influences the business environment.
  • •Understand checks and balances in democratic systems.
Week
8

Module 2: Business Environment (1)

2h

Unit 4: The Legal Environment

2 study hours
  • •List and explain the types of laws.
  • •Discuss the sources of laws.
  • •Describe the legal system.
  • •Explain the influence of law on business, including contract law and agency.
Week
9

Module 3: Business Environment (2)

2h

Unit 1: The Economic Environment

2 study hours
  • •Understand the concept of economic scarcity.
  • •Illustrate flows of income, output, and expenditure in a market economy.
  • •Understand how macroeconomic policies and objectives affect business.
  • •Understand the role of financial institutions in business development.
Week
10

Module 3: Business Environment (2)

2h

Unit 2: The Technological Environment

2 study hours
  • •Understand and explain the meaning of technology.
  • •Explain technology investment.
  • •Explain the role of information technology in business.
  • •Understand research and development.
Week
11

Module 3: Business Environment (2)

4h

Unit 3: The Demographic Environment

2 study hours
  • •Define population.
  • •Understand how demographic changes affect business.
  • •Describe the social context influence on business.
  • •Understand group influence on business.

Unit 4: The Cultural Environment

2 study hours
  • •Understand the meaning of culture.
  • •Distinguish subculture from the general culture.
  • •Explain how culture influences business generally.
  • •Explain how cultural differences affect business.
Week
12

Module 3: Business Environment (2)

2h

Unit 5: Environmental Scanning

2 study hours
  • •Explain the meaning of environmental analysis.
  • •Describe environmental scanning.
  • •List and explain the techniques of environmental scanning.
  • •Discuss the limitations of environmental analysis.
Week
13

Module 4: Forms of Business Ownership and Sources of Finance

2h

Unit 1: Sole Proprietorship

2 study hours
  • •Define sole proprietorship.
  • •Identify the special features of sole proprietorship.
  • •Describe the various sources of finance for sole proprietorship.
  • •List and discuss the advantages of sole proprietorship.
  • •List and discuss the disadvantages of sole proprietorship.

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

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a timeline of key events in Nigerian entrepreneurial history from Unit 4.

2

Develop a comparative table outlining the pros and cons of different business ownership forms (Module 4).

3

Practice applying SWOT analysis to hypothetical business scenarios, considering both internal and external factors.

4

Review definitions of key economic terms (GDP, GNP, inflation) from Unit 1 of Module 3.

5

Create concept maps linking Units 3-5 of Module 3 to understand the interrelationships between economic, technological, demographic, and cultural environments.

6

Focus on understanding the key principles of contract law from Unit 4 of Module 2.

7

Prepare examples of how cultural differences (Unit 4, Module 3) can impact marketing strategies.

8

Allocate study time proportionally based on the weight of each module in the final assessment.

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