ENT701

Entrepreneurship Development

Management Sciences
700 level
2 credit units
180 pages
14 units

This course introduces learners to the history, definition, roles, and functions of entrepreneurship. It explores entrepreneurship tasks, risks, and hazards, and its role in a national economy. The course also examines the role of banks and financial institutions in enterprise creation, the contribution of government agencies towards sourcing information, and government policy on financing small and medium scale industries. It also covers product selection and industrial activities.

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About this course

Difficulty: Intermediate
Study hours: 90 hours
Maths: Basic
Content: Theoretical, case study, problem solving
Practical work: Yes

How it is assessed

Assignments
Tutor Marked Assessments
Final Examination

What you'll read

The real module and unit structure of ENT701, taken from the course material NOUN publishes.

Module 1

Module 2 · Starting a New Business, Buying an Existing Business, New Product Development, Business Growth and the Entrepreneur, Law and its Relevance to Business

Module 4 · ROLE OF SUPPORT INSTITUTIONS AND NATIONAL ASSOCIATIONS TO ENTREPRENEURSHIP DEVELOPMENT AND SMALL AND MEDIUM SCALE INDUSTRIALISTS

One paragraph, so you can see how it reads

ENT701 · UNIT 1: DEFINITION OF ENTREPRENEURSHIP AS A BUSINESS ACTIVITY

This table brings together the units and the number of weeks you should spread to complete them and the assignment that follow them are taken into account.

Start reading Get the original PDF, if you want it

What you should be able to do

Understand the principles of entrepreneurship and business development
Identify and evaluate new business opportunities
Develop a comprehensive business plan
Apply legal and ethical principles to business operations
Manage finances effectively in a small business

What it prepares you for

Careers

Business Owner
Entrepreneur
Business Manager
Business Consultant
Project Manager

Where it is applied

Retail
Manufacturing
Services
Technology
Consulting

Where it gets hard

The units students slow down on, and what makes each one heavy.

Module 3: STARTING A NEW BUSINESS AND BUYING AN EXISTING BUSINESS
Unit 5: Law and its Relevance to Business Operations
Requires understanding of complex legal concepts and their practical application to business scenarios.
Module 1: Overview of Entrepreneurship
Unit 3: Role of Entrepreneurship in the National Economy
Advanced economic concepts require strong analytical skills.

A suggested way through it

Suggested

13 weeks, about 39 hours in total. Yours will differ.

Week 1Module 1: Overview of Entrepreneurship
- Unit 1: Definitions, Roles and Functions/Values of Entrepreneurship · 2 hours
  Define entrepreneurship, development, and entrepreneurship development. Discuss entrepreneurship as a business activity. Explain the role of an entrepreneur as an investor.
- Unit 1: Definitions, Roles and Functions/Values of Entrepreneurship · 1 hour
  Identify the characteristics of an entrepreneur. Explain the psychological prerequisites of an entrepreneur.
Week 2Module 1: Overview of Entrepreneurship
- Unit 2: History of Entrepreneurship · 2 hours
  Trace the history of entrepreneurship globally. Explain the role of authors and practitioners in the evolution of entrepreneurship.
- Unit 2: History of Entrepreneurship · 1 hour
  Trace the different stages of the history of entrepreneurship in Nigeria. Discuss entrepreneurship and leadership in Nigeria.
Week 3Module 1: Overview of Entrepreneurship
- Unit 3: Role of Entrepreneurship in the National Economy · 2 hours
  Define entrepreneurship in different ways. Discuss the process of entrepreneurship and the factors contributing to it.
- Unit 3: Role of Entrepreneurship in the National Economy · 1 hour
  List the advantages and disadvantages of entrepreneurship. State the roles of entrepreneurship in an economy.
Week 4Module 1: Overview of Entrepreneurship
- Unit 4: Functions of an Entrepreneur · 2 hours
  Describe the role of an entrepreneur as a risk bearer. Discuss the management decision-making function of an entrepreneur.
- Unit 4: Functions of an Entrepreneur · 1 hour
  Explain the production function of an entrepreneur. Discuss the strategic planning function of an entrepreneur.
Week 5Module 1: Overview of Entrepreneurship
- Unit 5: Entrepreneurship and Forms of Business Ownership · 3 hours
  Discuss the various forms of business ownership that entrepreneurs could embark on. Discuss the features, objectives, capital available, advantages, and disadvantages of each form of business ownership.
Week 6Module 2: SOURCES OF INFORMATION AND CREDIT CREATION FOR ENTREPRENEURSHIP DEVELOPMENT
- Unit 1: Starting a New Business · 2 hours
  Discuss innovation as it relates to entrepreneurship. Enumerate and explain the various sources of ideas available to entrepreneurs starting a new business.
- Unit 1: Starting a New Business · 1 hour
  Give reasons why the new business is needed. Highlight and describe the obstacles and barriers to entering a new industry.
Week 7Module 2: SOURCES OF INFORMATION AND CREDIT CREATION FOR ENTREPRENEURSHIP DEVELOPMENT
- Unit 1: Starting a New Business · 2 hours
  State and describe the method of how the new business will be established. Explain the people who will be involved in starting up the business.
- Unit 1: Starting a New Business · 1 hour
  Relate the new business with the business plan to determine its success.
Week 8Module 2: SOURCES OF INFORMATION AND CREDIT CREATION FOR ENTREPRENEURSHIP DEVELOPMENT
- Unit 2: Buying an Existing Business · 2 hours
  List the advantages of buying an existing business. Enumerate the disadvantages of buying an existing business.
- Unit 2: Buying an Existing Business · 1 hour
  State the steps to identify the business. Determine the price of a business.
Week 9Module 2: SOURCES OF INFORMATION AND CREDIT CREATION FOR ENTREPRENEURSHIP DEVELOPMENT
- Unit 2: Buying an Existing Business · 3 hours
  Highlight the negotiating process. Determine whether a business plan is necessary when buying an existing business.
Week 10Module 3: STARTING A NEW BUSINESS AND BUYING AN EXISTING BUSINESS
- Unit 3: Foreign Exchange and Stock Exchange Markets · 2 hours
  Define a new product. List and discuss the steps involved in new product development.
- Unit 3: Foreign Exchange and Stock Exchange Markets · 1 hour
  Enumerate and explain key success factors in new product development. Describe what is meant by competitive reactions.
Week 11Module 3: STARTING A NEW BUSINESS AND BUYING AN EXISTING BUSINESS
- Unit 4: Business Growth and the Entrepreneur · 2 hours
  Highlight and discuss the legal protection available for new products and services. State the reasons for new product failure.
- Unit 4: Business Growth and the Entrepreneur · 1 hour
  Explain the relationship between new product development and the business plan.
Week 12Module 3: STARTING A NEW BUSINESS AND BUYING AN EXISTING BUSINESS
- Unit 5: Law and its Relevance to Business Operations · 2 hours
  Discuss business growth and management skills. Describe how to match the company and the entrepreneur.
- Unit 5: Law and its Relevance to Business Operations · 1 hour
  Highlight and explain the challenges of a new business. Discuss the changing role of the entrepreneur.
Week 13Module 4: ROLE OF SUPPORT INSTITUTIONS AND NATIONAL ASSOCIATIONS TO ENTREPRENEURSHIP DEVELOPMENT AND SMALL AND MEDIUM SCALE INDUSTRIALISTS
- Unit 5: Law and its Relevance to Business Operations · 3 hours
  Enumerate the options for growth. Discuss growth of a business in relation to the business plan.

Preparing for the exam

What to do

Create detailed summaries of each unit, focusing on key definitions and concepts.
Practice applying theoretical concepts to real-world business scenarios.
Review all Tutor-Marked Assignments (TMAs) and incorporate feedback into your study notes.
Focus on understanding the legal aspects of business operations, particularly contract law and intellectual property.
Develop a strong understanding of financial statements and their use in business decision-making.
Practice analyzing case studies to identify key issues and recommend solutions.
Create concept maps linking different modules and units to see the interconnectedness of the course material.

Questions students ask about this course

What is ENT701 about?

How many units does ENT701 have?

ENT701, Entrepreneurship Development, has 14 units across 3 modules, over 180 pages of course material. You can read it one unit at a time.

How many credit units is ENT701?

ENT701 carries 2 credit units, at 700 level in Management Sciences.

Is ENT701 hard?

ENT701 is rated intermediate level, with basic mathematical content. It is mostly theoretical, case study and problem solving work, and it has a practical component.

How long does ENT701 take to study?

About 90 hours of study, spread across its 14 units.

How is ENT701 assessed?

ENT701 is assessed by Assignments, Tutor Marked Assessments and Final Examination.

What can I do with ENT701?

Business Owner, Entrepreneur, Business Manager, Business Consultant and Project Manager.