Skip to main content
NounStudy
Back to Course Catalog
ENT209Management Sciences2 Unitsintermediate

Theory of Entrepreneurship

This course introduces undergraduate students to the theories underpinning entrepreneurship. It explores core concepts, principles, and strategies essential for aspiring entrepreneurs, with a focus on the Nigerian business environment. The course examines various theories from multidisciplinary perspectives, highlighting contributions to entrepreneurship development. Students will gain insights into entrepreneurship development in Nigeria and the contributions of notable figures.

Generate AI Study Notes

Transform this course into personalized study materials with AI

208h
Study Time
13
Weeks
16h
Per Week
basic
Math Level
Course Keywords
EntrepreneurshipTheoriesNigeriaDevelopmentInnovation

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

Concept of Entrepreneurship

2

Theories of Entrepreneurship

3

Economic Theory

4

Psychological Theory

5

Sociological Theory

6

Innovation Theory

7

Entrepreneurship Development in Nigeria

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 Manager

Apply your skills in this growing field

Start-up Founder

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Small and Medium EnterprisesTechnologyAgricultureManufacturingConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1:

4h

Unit 1: Concept of entrepreneurship

4 study hours
  • •Read the definition of entrepreneurship from various scholars.
  • •Discuss views of entrepreneurship.
  • •Identify the characteristics of an entrepreneur.
Week
2

Module 1:

4h

Unit 2: Classification of entrepreneurship

4 study hours
  • •Discuss Clarence Danhof Classification of Entrepreneurship.
  • •Explain Arthur H. Cole Classification of Entrepreneurship.
  • •Classify Entrepreneurship on the Basis of Ownership.
Week
3

Module 1:

4h

Unit 3: Historical background of Entrepreneurship

4 study hours
  • •Discuss evolution of entrepreneurship from the earlier period.
  • •Analyze evolution of entrepreneurship from Middle East.
  • •Explain evolution of entrepreneurship from the 17th Century.
Week
4

Module 2:

4h

Unit 1: Economic theory of entrepreneurship

4 study hours
  • •Describe who an entrepreneur is from the economic school of entrepreneurship.
  • •Discuss features/Assumptions of the economic theory of entrepreneurship.
  • •Identify economic factors that discourage or encourage entrepreneurship.
Week
5

Module 2:

4h

Unit 2: Psychological theory

4 study hours
  • •Discuss over view of psychological theory.
  • •Analyze personality trait.
  • •Explain Need for achievement (observation/Criticism).
Week
6

Module 2:

4h

Unit 3: Sociological theory

4 study hours
  • •Discuss Sociological theory of entrepreneurship.
  • •Identify social context in relation to entrepreneurship.
  • •Describe how ethnicity affect entrepreneurship.
Week
7

Module 2:

4h

Unit 4: Innovation theory

4 study hours
  • •Describe an overview innovation theory.
  • •Discuss functions of innovation theory.
  • •Identify criticism of innovation theory.
Week
8

Module 2:

4h

Unit 5: Other theories of entrepreneurship

4 study hours
  • •Describe Max Weber's theory of entrepreneurial growth.
  • •Discuss Exposure theory of entrepreneurship.
  • •Explain Ronald Burt's theory of entrepreneurship.
Week
9

Module 3:

4h

Unit 1: Contributors to the economic theory of entrepreneurship

4 study hours
  • •Discuss contributors to the economic theory of entrepreneurship.
  • •Analyze contributors to the classical school of thought.
  • •Identify contributors to the neo-classical school of thought.
Week
10

Module 3:

4h

Unit 2: Contributors to the psychological theory

4 study hours
  • •Discuss contributors to the need for achievement theory.
  • •Analyze contributors to social learning theory.
  • •Identify contributors to the psychodynamic model.
Week
11

Module 3:

4h

Unit 3: Contributors to the sociological theory

4 study hours
  • •Discuss contribution of Max Weber.
  • •Analyze contribution of Leland Jenks.
  • •Identify contribution of Thomas Cochran.
Week
12

Module 4:

8h

Unit 1: Entrepreneurship development in Nigeria

4 study hours
  • •Discuss the evolution of entrepreneurship development in Nigeria.
  • •Identify the challenges of entrepreneurship in Nigeria.
  • •Explain contribution of Entrepreneurship to Socio-Economic Development of Nigeria.

Unit 2: Fostering a culture of entrepreneurship in Nigeria

4 study hours
  • •Discuss the role of education in developing entrepreneurial skills.
  • •Explain government initiatives and support programs.
  • •Identify importance of mentorship and role models.
Week
13

Module 4:

8h

Unit 3: Contribution of successful Nigeria entrepreneurs to entrepreneurship development

4 study hours
  • •Discuss contributions of notable entrepreneurs in Nigeria and their impact towards entrepreneurship development in Nigeria.
  • •Discuss Specialized Institutions for Entrepreneurship Development In Nigeria.

Unit 4: Specialized institutions for entrepreneurship development

4 study hours
  • •Discuss Nigerian Industrial Development Bank (NIDB).
  • •Explain Nigerian Bank for Commerce and Industry (NBCI).
  • •Discuss The National Economic Reconstruction Fund (NERFUND).

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.

Access PDF Material

Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create a study schedule allocating specific time for each module.

2

Summarize key concepts and theories from each unit.

3

Practice applying theories to real-world business scenarios.

4

Review all self-assessment exercises and tutor-marked assignments.

5

Focus on understanding the Nigerian context of entrepreneurship development.

6

Create concept maps linking Units 3-5 database concepts

7

Practice SQL queries from Units 7-9 weekly

8

Complete all TMAs at least a week before the deadline to allow time for review

9

Form a study group to discuss challenging concepts and share notes

10

Review and practice past questions, focusing on areas of weakness

Related Courses

Other courses in Management Sciences that complement your learning

ENT224

Business Ethics

2 Units
COP214

Cooperatives Economics Ii

2 Units
MKT210

Marketing In Practice

3 Units
View All Management Sciences Courses