The Nigerian Entrepreneurial Environment
- Management Sciences
- 100 level
- 2 credit units
- 214 pages
- 17 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 208 hours
- Maths
- None
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ENT102, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
ENT102 · UNIT 1: DEFINITION OF ENTREPRENEURSHIP AS A BUSINESS ACTIVITY
Use the time between finishing the last unit and sitting for the examination to revise the entire course. You m a y find i t useful t o review your self-tests, tutor-marked assignments and comments on them before the examination. The final examination covers information from all parts of the course.
What you should be able to do
- Understand the history and role of entrepreneurship in Nigeria.
- Identify and analyze environmental factors affecting businesses.
- Evaluate different forms of business ownership.
- Assess sources of finance for entrepreneurial ventures.
- Apply environmental scanning techniques.
- Analyze the impact of demographic and cultural factors on business.
What it prepares you for
- Business Owner
- Entrepreneur
- Business Consultant
- Business Development Manager
- Small Business Manager
- Small and Medium Enterprises (SMEs)
- Retail
- Manufacturing
- Service Sector
- Consulting
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 2: Business Environment (1)
Unit 4: The Legal Environment
Understanding the intricacies of legal frameworks and compliance requirements demands careful attention to detail.
- Module 3: Business Environment (2)
Unit 4: The Cultural Environment
Requires synthesizing knowledge from economics, sociology, and anthropology to understand consumer behavior.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1Module 1: Overview of Entrepreneurship
Unit 1: Definitions of Entrepreneurship as a Business Activity · 2 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 2Module 1: Overview of Entrepreneurship
Unit 2: Characteristics, Advantages and the Role of Entrepreneurship in Economic Development · 2 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 3Module 1: Overview of Entrepreneurship
Unit 3: Functions of an Entrepreneur · 2 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 4Module 1: Overview of Entrepreneurship
Unit 4: History of Entrepreneurship Development · 2 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 5Module 2: Business Environment (1)
Unit 1: The Internal Business Environment · 2 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 6Module 2: Business Environment (1)
Unit 2: The Task Environment · 2 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 7Module 2: Business Environment (1)
Unit 3: The Political Environment · 2 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 8Module 2: Business Environment (1)
Unit 4: The Legal Environment · 2 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 9Module 3: Business Environment (2)
Unit 1: The Economic Environment · 2 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 10Module 3: Business Environment (2)
Unit 2: The Technological Environment · 2 hours
Understand and explain the meaning of technology.. Explain technology investment.. Explain the role of information technology in business.. Understand research and development..
- Week 11Module 3: Business Environment (2)
Unit 3: The Demographic Environment · 2 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 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 12Module 3: Business Environment (2)
Unit 5: Environmental Scanning · 2 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 13Module 4: Forms of Business Ownership and Sources of Finance
Unit 1: Sole Proprietorship · 2 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..
Preparing for the exam
- Create a timeline of key events in Nigerian entrepreneurial history from Unit 4.
- Develop a comparative table outlining the pros and cons of different business ownership forms (Module 4).
- Practice applying SWOT analysis to hypothetical business scenarios, considering both internal and external factors.
- Review definitions of key economic terms (GDP, GNP, inflation) from Unit 1 of Module 3.
- Create concept maps linking Units 3-5 of Module 3 to understand the interrelationships between economic, technological, demographic, and cultural environments.
- Focus on understanding the key principles of contract law from Unit 4 of Module 2.
- Prepare examples of how cultural differences (Unit 4, Module 3) can impact marketing strategies.
- Allocate study time proportionally based on the weight of each module in the final assessment.
Questions students ask about this course
What is ENT102 about?
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.
How many units does ENT102 have?
ENT102, The Nigerian Entrepreneurial Environment, has 17 units across 4 modules, over 214 pages of course material. You can read it one unit at a time.
How many credit units is ENT102?
ENT102 carries 2 credit units, at 100 level in Management Sciences.
Is ENT102 hard?
ENT102 is rated intermediate level, with no mathematical content. It is mostly theoretical and case study work.
How long does ENT102 take to study?
About 208 hours of study, spread across its 17 units.
How is ENT102 assessed?
ENT102 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ENT102?
Business Owner, Entrepreneur, Business Consultant, Business Development Manager and Small Business Manager.