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ENT305Management Sciences2 Unitsintermediate

Business Opportunity Scouting and Evaluation

This course introduces students to the essential aspects of business opportunity scouting and evaluation. It explores the sources of business opportunities, differentiating between ideas and viable opportunities. Students will learn strategies for scanning and evaluating opportunities, understanding associated challenges, and developing innovative business ideas. The course covers key areas such as entrepreneurial skills, SWOT analysis, business management techniques, and creative entrepreneurship, equipping students with the knowledge to identify and manage successful business ventures.

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40h
Study Time
13
Weeks
3h
Per Week
basic
Math Level
Course Keywords
Business OpportunityEntrepreneurshipSWOT AnalysisBusiness PlanCreative Entrepreneurship

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

Business Concepts

2

Small Business Enterprises

3

Business Opportunities

4

Entrepreneurial Skills

5

SWOT Analysis

6

Business Management Techniques

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 assessments

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

Business Development Manager

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Small Business Consultant

Apply your skills in this growing field

Project Manager

Apply your skills in this growing field

Business Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

RetailManufacturingTechnologyHealthcareConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1:

4h

Unit 1: The Concept of Business

2 study hours
  • •Define business and its types
  • •Identify the obligations of business to customers, workers, management, competitors, investors, and the public

Unit 2: Characteristics and Business Goals of Business Enterprises

2 study hours
  • •Explain the characteristics of business
  • •Discuss the goals of business including profitability, efficiency, and growth
Week
2

Module 1:

4h

Unit 3: Need For Small Business Enterprises

2 study hours
  • •Explain the importance of small business enterprises
  • •Discuss the problems faced by small business enterprises such as inadequacy of finance and poor managerial skills

Unit 4: A Concept of Innovative Business Ideas And Business Opportunities

2 study hours
  • •Define an idea and an opportunity
  • •Discuss the means to discover business ideas
Week
3

Module 1:

3h

Unit 5: Difference Between Business Ideas and Business Opportunities

3 study hours
  • •Differentiate between business ideas and business opportunities
  • •Explain how to turn a business idea into an opportunity
Week
4

Module 2:

3h

Unit 1: Identification of Business Opportunity

3 study hours
  • •Identify sources of business opportunities
  • •Discuss how prospective entrepreneurs can get ideas for establishing their enterprises
Week
5

Module 2:

3h

Unit 2: Evaluation, Steps And Guideline Of Business Opportunities

3 study hours
  • •Describe the steps to evaluating business opportunities
  • •Illustrate the guidelines for evaluating business opportunities
Week
6

Module 2:

3h

Unit 3: Types of Business Opportunities for Entrepreneurs

3 study hours
  • •Identify types of business opportunities for entrepreneurs
  • •Illustrate services in different sectors that could be ventured into
Week
7

Module 2:

3h

Unit 4: Business Plan

3 study hours
  • •Define business plan and list its components
  • •Describe how to prepare, plan, define, and implement a business idea
Week
8

Module 2:

3h

Unit 5: Creative Entrepreneurship

3 study hours
  • •Define creative entrepreneurship and social entrepreneurship
  • •Explain how to be a social entrepreneur
Week
9

Module 3:

3h

Unit 1: Entrepreneurial Skills

3 study hours
  • •Identify types of entrepreneurial skills
  • •List basic desirable skills such as accounting, marketing, and management skills
Week
10

Module 3:

3h

Unit 2: SWOT Analysis

3 study hours
  • •Define SWOT analysis
  • •Evaluate strengths, weaknesses, opportunities, and threats for a business
Week
11

Module 3:

3h

Unit 3: Problems of Entrepreneur

3 study hours
  • •Identify major problems of entrepreneurs
  • •Differentiate between internal and external problems
Week
12

Module 3:

3h

Unit 4: Business Management Techniques

3 study hours
  • •Identify business management techniques that can minimize problems
  • •Discuss techniques such as Management by Objective and Total Quality Management
Week
13

Module 3:

3h

Unit 5: Management Concepts

3 study hours
  • •Identify management concepts
  • •Discuss concepts such as Holistic Management and Kaizen Management

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 tutor-marked assignments and feedback

2

Create concept maps linking business concepts and opportunities

3

Practice SWOT analysis for different business scenarios

4

Study business plan components and examples

5

Focus on understanding entrepreneurial skills and management techniques

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