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ENT407Management Sciences2 Unitsintermediate

Entrepreneurship Development

This course introduces the history, definitions, roles, and functions of entrepreneurship in Nigeria. It explores entrepreneurship tasks, risks, and its role in the national economy. The course also examines the involvement of banks and financial institutions in enterprise creation, the contribution of government agencies to information sourcing, and government policies on financing small and medium scale industries. Additionally, it covers the function of support agencies and industrial activities.

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156h

Study Time

13

Weeks

12h

Per Week

basic

Math Level

Course Keywords

EntrepreneurshipBusiness DevelopmentSmall Scale IndustriesFinancial InstitutionsGovernment Policy

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

Hands-on Practice

Course Topics

Key areas covered in this course

1

Entrepreneurship Definitions and Functions

2

History of Entrepreneurship in Nigeria

3

Business Planning and Financial Statements

4

Product Development and Marketing

5

Legal Aspects of Business Operations

6

Role of Government and Support Institutions

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 Owner

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Business Manager

Apply your skills in this growing field

Business Consultant

Apply your skills in this growing field

Project Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Small and Medium EnterprisesManufacturingRetailService IndustriesConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Overview of Entrepreneurship

2h

Unit 1: Definitions, Roles and Functions/Values of Entrepreneurship

2 study hours

•Define entrepreneurship and its related terms.
•Discuss the role of entrepreneurship as a business activity.
•Explain the entrepreneur as an investor.

Week

2

Module 1: Overview of Entrepreneurship

2h

Unit 2: History of Entrepreneurship

2 study hours

•Trace the history of entrepreneurship globally and in Nigeria.
•Explain the role of authors and practitioners in the evolution of entrepreneurship.
•Discuss entrepreneurship and leadership in Nigeria.

Week

3

Module 1: Overview of Entrepreneurship

2h

Unit 3: Role of Entrepreneurship in the National Economy

2 study hours

•Define entrepreneurship in different ways.
•Discuss the entrepreneurial process and its factors.
•Explain the advantages and disadvantages of entrepreneurship.
•State the roles of entrepreneurship in an economy.

Week

4

Module 1: Overview of Entrepreneurship

2h

Unit 4: Functions of an Entrepreneur

2 study hours

•Describe the entrepreneur's role as a risk bearer.
•Discuss management decision-making functions.
•Explain the production, strategic planning, and marketing management functions.

Week

5

Module 1: Overview of Entrepreneurship

2h

Unit 5: Entrepreneurship and Forms of Business Ownership

2 study hours

•Discuss various forms of business ownership.
•Explain the features, objectives, capital, advantages, and disadvantages of each form of business ownership.
•Differentiate between a cooperative society and a sole proprietor.

Week

6

Module 2: Sources of Information and Credit Creation for Entrepreneurship Development

2h

Unit 1: Sources of Information for Entrepreneurship Development

2 study hours

•Explain what information is.
•Discuss the nature and types of information required by an entrepreneur.
•Enumerate and discuss the various sources of information available to an entrepreneur.

Week

7

Module 2: Sources of Information and Credit Creation for Entrepreneurship Development

2h

Unit 2: Role of Money and Capital Markets in Entrepreneurial Development

2 study hours

•Define capital market and money market.
•Trace the history of money and capital markets.
•Explain the functions of Nigerian Capital and Money Markets.

Week

8

Module 2: Sources of Information and Credit Creation for Entrepreneurship Development

2h

Unit 4: Foreign Exchange and Stock Exchange Markets

2 study hours

•Describe the history of the foreign exchange system in Nigeria.
•Highlight the importance of foreign exchange control regulations.
•Define domiciliary accounts and list types of floating exchange rates.

Week

9

Module 3: Business Plans and Importance of Capital to Entrepreneurship

2h

Unit 1: Preliminary and Marketing Plans

2 study hours

•Define a business plan.
•Differentiate between plans for existing businesses and start-ups.
•Describe the content of an executive summary, mission statement, and business environment.

Week

10

Module 3: Business Plans and Importance of Capital to Entrepreneurship

2h

Unit 2: Management and Personnel, Start-up Costs and Financing as well as Projected Financial Statements

2 study hours

•Determine information for management and personnel components.
•Describe start-up costs and financing.
•Prepare projected financial statements.

Week

11

Module 3: Business Plans and Importance of Capital to Entrepreneurship

2h

Unit 3: Legal Section, Insurance, Suppliers and Risks, Assumptions & Conclusion

2 study hours

•State legal sections, insurance, suppliers, and risks.
•Discuss assumptions and conclusion.
•List and discuss the psychological pre-requisite of an entrepreneur.

Week

12

Module 4: Entrepreneurship and Business/Product Development

4h

Unit 1: Starting a New Business

2 study hours

•Discuss innovation as it relates to entrepreneurship.
•Enumerate sources of ideas and barriers to entering a new industry.
•Explain how a new business will be established and relate it to the business plan.

Unit 2: Buying an Existing Business

2 study hours

•Discuss the advantages and disadvantages of buying an existing business.
•Explain the process of finding and determining the price of a business.
•Highlight the negotiating process.

Week

13

Module 5: Role of Support Institutions and National Associations to Entrepreneurship Development and Small and Medium Scale Industrialists

4h

Unit 1: Role of Support Institutions to Product Selection Process (Evaluation of Entrepreneur and Idea) – I NEPC, NERF AND NDE

2 study hours

•Describe the role of NEPC, NERF, and NDE in product selection.
•Discuss the role of RMRDC and IDC in product selection.
•Explain the contributions of NASSI, MAN, and NACCIMA to entrepreneurship.

Unit 2: Role of Support Institutions to Product Selection Process (Evaluation of Entrepreneur and Idea) – II RMRDC AND IDC

2 study hours

•Explain the contributions of NASSI, MAN, and NACCIMA to entrepreneurship.
•Discuss government policy on financing small and medium scale industries.
•Understand the methodology of product selection.

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 definitions of entrepreneurship, innovation, and related concepts in Unit 1.

2

Create timelines of key events in Nigerian entrepreneurship history from Unit 2.

3

Practice writing executive summaries and mission statements for sample businesses.

4

Analyze case studies of successful and failed new product launches.

5

Study legal requirements for different business structures (sole proprietorship, partnership, corporation).

6

Familiarize yourself with roles of NEPC, RMRDC, NDE, and other support agencies.

7

Understand key financial terms: balance sheet, income statement, cash flow, breakeven point.

8

Practice calculating breakeven points and interpreting financial ratios.

9

Focus on the steps involved in new product development and marketing strategies.

10

Create concept maps linking Units 3-5 business planning, finance, and legal concepts.

11

Review all TMAs and self-assessment exercises.

12

Allocate sufficient time for revision and practice questions.

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