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ENT202Management Sciences2 Unitsintermediate

Introduction to Entrepreneurial Ventures

This course introduces students to the fundamental concepts of entrepreneurial ventures, covering both business and social ventures. It explores the scope of business, including industrial, commercial, and service sectors. Students will learn about different forms of business ownership, organizational management, marketing, production, finance, and human resource functions. The course also addresses government and business relationships, social responsibility, and international business, equipping students with a broad understanding of entrepreneurial landscapes.

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208h

Study Time

13

Weeks

16h

Per Week

basic

Math Level

Course Keywords

Entrepreneurial VenturesBusiness OwnershipSocial ResponsibilityMarketing FunctionFinancial Management

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

Scope of Business Ventures

2

Forms of Business Ownership

3

Organizational Management

4

Marketing Functions

5

Production Processes

6

Financial Accounting

7

Human Resource Management

8

Government and Business

9

Social Responsibility

10

International Business

11

Social Networks

12

Non-Governmental Organizations

Total Topics12 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 Manager

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Marketing Executive

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Human Resource Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

ManufacturingRetailFinanceHealthcareEducationNon-Profit

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1:

2h

Unit 1: Scope of Business Social Ventures

2 study hours

•Define business and social ventures.
•Discuss the scope of business including the industrial, commercial, and service sectors.
•Analyze the background of social ventures.
•Evaluate funding sources for social ventures.

Week

2

Module 1:

2h

Unit 2: Character of Ventures

2 study hours

•Discuss the character of ventures, differentiating between long-term and short-term ventures.
•Analyze the characteristics of long-term ventures such as independents, believers, conservers, architects, and controllers.
•Evaluate the short-term character of ventures including income seekers, players, poets, professionals, and searchers.

Week

3

Module 1:

2h

Unit 3: Forms of Business Ownership

2 study hours

•Understand the different forms of business ownership including sole proprietorship and partnership.
•Evaluate the differences between corporate and non-corporate businesses.
•Understand the contents of a partnership deed or articles of partnership.

Week

4

Module 1:

2h

Unit 4: Organization and Management

2 study hours

•Discuss organization and management principles.
•Explain time and human relation management.
•Evaluate the management process including planning, organizing, directing, and controlling.

Week

5

Module 2:

2h

Unit 1: The Marketing Function

2 study hours

•Analyze the difference between market research and marketing research.
•Explain the marketing concept including customer orientation, market segmentation, and integrated marketing effort.
•Understand the marketing mix variables.

Week

6

Module 2:

2h

Unit 1: The Marketing Function

2 study hours

•Evaluate the four stages in the product life cycle: introduction, growth, maturity, and decline.
•Understand pricing concepts including cost-oriented, demand-oriented, and competition-oriented pricing.
•Explore promotional strategies and distribution channels.

Week

7

Module 2:

2h

Unit 2 Production Function

2 study hours

•Analyze the elements of production: inputs, transformation, and output.
•Understand the objectives of production, both short-term and long-term.
•Evaluate the different production methods: job production, batch production, and flow production.

Week

8

Module 2:

2h

Unit 2 Production Function

2 study hours

•Identify the stages of production planning and control: routing, scheduling, dispatching, expediting, and inspection.
•Discuss the factors influencing the selection of plant location.

Week

9

Module 2:

2h

Unit 3 Finance and Accounting Function

2 study hours

•Understand financing, investment, and dividend decisions of an enterprise.
•Analyze the difference between bookkeeping and accounting.
•Explain accounting assumptions and principles.

Week

10

Module 2:

2h

Unit 3 Finance and Accounting Function

2 study hours

•Discuss the classifications of accounts.
•Demonstrate the various books of account.
•Evaluate the components of financial statements.

Week

11

Module 2:

2h

Unit 4 Human Resource Function

2 study hours

•Understand the two approaches to management of human resources: mechanical and paternalism.
•Explain the dimensions of procurement of personnel: manpower planning, recruitment, selection, and induction.
•Evaluate the meaning of integration of personnel.

Week

12

Module 3:

4h

Unit 1 Government and Business

2 study hours

•Discuss the relationship between government and business.
•Analyze how business influences government through trade unions, political action committees, and lobbying.
•Demonstrate an understanding of how government influences business through regulations and policies.

Unit 1 Government and Business

2 study hours

•Evaluate the roles of government in business including permission, contract enforcement, and consumer protection.
•Understand government authority in business and regulatory frameworks.

Week

13

Module 4:

4h

Unit 2 The Social Responsibility of Business

2 study hours

•Demonstrate the areas a business should be made to be socially responsible.
•Understand the arguments between the social ethic and the profit ethic.
•Explain factors responsible for the neglect of social responsibility by Nigerian businesses.
•Analyze the concept of social goods and their characteristics.

Unit 3 Non-Governmental Organizations and Practice in Evolving Non-Profit Organization

2 study hours

•Evaluate the free rider situation and its impact on social goods.
•Analyze the historical development of social networks.
•Evaluate the features of social networks and their types.

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 units, focusing on key definitions and concepts related to entrepreneurial ventures.

2

Create detailed summaries for each module, highlighting the main points and examples.

3

Practice applying theoretical concepts to real-world scenarios and case studies.

4

Focus on understanding the differences between business and social ventures, and their respective scopes.

5

Prepare by reviewing all Tutor-Marked Assignments (TMAs) and their solutions.

6

Create concept maps linking Units 3-5 business concepts

7

Practice SQL queries from Units 7-9 weekly

8

Dedicate specific study time for Units 10-12 government regulations

9

Review all financial statements and accounting principles from Units 13-14

10

Practice essay questions on social responsibility and international business strategies.

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