The Nigerian Entrepreneurial Environment
- Management Sciences
- 700 level
- 2 credit units
- 159 pages
- 16 units
This course introduces learners to the components of the environmental variables of entrepreneurship in Nigeria. It aims to identify environmental factors affecting entrepreneurial development, including types of factors and adaptive mechanisms. The course explores the history, roles, functions, and values of entrepreneurship in the Nigerian context. It also covers business ownership forms and sources of finance, providing a comprehensive understanding of the entrepreneurial landscape.
About this course
- Difficulty
- Intermediate
- Study hours
- 208 hours
- Maths
- Basic
- Content
- Theoretical
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of ENT702, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
ENT702 · UNIT 1: DEFINITION OF ENTREPRENEURSHIP AS A BUSINESS ACTIVITY
Entrepreneurs are characterized by the need to be independent, to create value, to contribute to family and society, to become rich or, quite often, not to be unemployed. Potential entrepreneurs display initiative and ambition, have business sense and foresight, and are decisive. They are agents of change who accelerate the generation, application and spread of innovative ideas (UNDP, 2010).
What you should be able to do
- Understand entrepreneurship development in Nigeria
- Identify environmental factors affecting entrepreneurship
- Analyze business ownership forms
- Evaluate sources of finance for businesses
- Apply adaptive mechanisms to entrepreneurial environment
- Assess the role of entrepreneurship in economic development
What it prepares you for
- Business Owner
- Entrepreneur
- Business Manager
- Business Consultant
- Investment Analyst
- Small and Medium Enterprises
- Start-ups
- Financial Institutions
- Consulting Firms
- Government Agencies
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 3: BUSINESS ENVIRONMENT (2)
Unit 1: The Cultural Environment
Requires understanding of complex cultural nuances and their practical implications for business strategy and consumer behavior in diverse markets.
- Module 3: BUSINESS ENVIRONMENT (2)
Unit 4: The Economic Environment
Involves analyzing complex economic indicators and their interdependencies, requiring a strong grasp of macroeconomic principles and forecasting techniques.
A suggested way through it
13 weeks, about 43 hours in total. Yours will differ.
- Week 1Module 1: Overview of Entrepreneurship
Unit 1: Definitions of Entrepreneurship as a Business Activity · 2 hours
Read the unit introduction and objectives.. Define entrepreneurship, entrepreneur, development, and entrepreneurship development.. Describe entrepreneurship as a business activity.. Discuss key concepts related to entrepreneurship development..
Unit 2: History of Entrepreneurship Development · 2 hours
Review the history of entrepreneurship development in Nigeria.. Understand the political, economic, socio-cultural, and technological factors influencing entrepreneurship.. Analyze the obstacles to enterprise development..
- Week 2Module 1: Overview of Entrepreneurship
Unit 3: Functions of an Entrepreneur · 3 hours
Describe the role of an entrepreneur as a risk bearer.. Discuss the management decision-making function.. Explain the production, strategic planning, and marketing management functions..
- Week 3Module 1: Overview of Entrepreneurship
Unit 4: Characteristics, Advantages and the Role of Entrepreneurship in Economic Development · 3 hours
List and discuss character traits of entrepreneurs.. Explain the advantages and disadvantages of entrepreneurship.. Discuss the role of entrepreneurship in economic development..
- Week 4Module 2: BISINESS ENVIRONMENT (1)
Unit 1: The Internal Business Environment · 3 hours
Explain the nature of the business environment.. Differentiate between internal and external business environments.. Discuss the components of the internal business environment..
- Week 5Module 2: BISINESS ENVIRONMENT (1)
Unit 2: The Task Environment · 3 hours
Understand how suppliers, distributors, customers, and competitors affect business.. Analyze the impact of each element of the task environment..
- Week 6Module 2: BISINESS ENVIRONMENT (1)
Unit 3: The Political Environment · 3 hours
Discuss political systems and their impact on business.. Explain the functions of government and their influence on business activities.. Demonstrate how the political environment influences business..
- Week 7Module 2: BISINESS ENVIRONMENT (1)
Unit 4: The Legal Environment · 3 hours
List and explain the types of laws.. Discuss the sources of law and the legal system.. Explain the influence of law on business, including contract law and agency..
- Week 8Module 3: BUSINESS ENVIRONMENT (2)
Unit 1: The Cultural Environment · 3 hours
Understand the meaning of culture and subculture.. Explain how culture influences business generally.. Analyze how cultural differences affect business..
- Week 9Module 3: BUSINESS ENVIRONMENT (2)
Unit 2: The Demographic Environment · 3 hours
Define population and understand how demographic changes affect business.. Describe the social context and group influence on business..
- Week 10Module 3: BUSINESS ENVIRONMENT (2)
Unit 3: The Technological Environment · 3 hours
Explain the meaning of technology and technology investment.. Understand the role of information technology in business.. Discuss research and development..
- Week 11Module 3: BUSINESS ENVIRONMENT (2)
Unit 4: The Economic Environment · 3 hours
Understand the concept of economic system and scarcity.. Analyze macroeconomic factors and their impact on business.. Discuss monetary policy and the role of financial institutions..
Unit 5: Environmental Analysis · 3 hours
Define environmental analysis and scanning.. List and explain techniques for scanning the environment.. Discuss the limitations of environmental analysis..
- Week 12Module 4: FORMS OF BUSINESS OWNERSHIP AND SOURCES OF FINANCE
Unit 1: Sole Proprietorship · 3 hours
Define sole proprietorship and identify its features.. Describe sources of finance, advantages, and disadvantages of sole proprietorship..
- Week 13Module 4: FORMS OF BUSINESS OWNERSHIP AND SOURCES OF FINANCE
Unit 2: Partnership · 3 hours
Define partnership and identify its features and types.. Describe sources of finance, advantages, and disadvantages of partnership.. Differentiate between types of partners..
Preparing for the exam
- Create a study schedule allocating time for each module and unit.
- Focus on understanding key definitions and concepts from Module 1.
- Practice applying environmental analysis techniques from Module 3 to real-world scenarios.
- Review different forms of business ownership and their implications from Module 4.
- Summarize key points from each unit and create flashcards for quick review.
- Review all Tutor Marked Assignments (TMAs) and their solutions.
- Pay special attention to the legal and regulatory aspects of the Nigerian entrepreneurial environment.
- Practice answering essay questions to improve writing skills and time management.
- Form a study group to discuss challenging concepts and share insights.
- Prioritize studying difficult units identified in the peak difficulty periods.
Questions students ask about this course
What is ENT702 about?
This course introduces learners to the components of the environmental variables of entrepreneurship in Nigeria. It aims to identify environmental factors affecting entrepreneurial development, including types of factors and adaptive mechanisms. The course explores the history, roles, functions, and values of entrepreneurship in the Nigerian context. It also covers business ownership forms and sources of finance, providing a comprehensive understanding of the entrepreneurial landscape.
How many units does ENT702 have?
ENT702, The Nigerian Entrepreneurial Environment, has 16 units across 4 modules, over 159 pages of course material. You can read it one unit at a time.
How many credit units is ENT702?
ENT702 carries 2 credit units, at 700 level in Management Sciences.
Is ENT702 hard?
ENT702 is rated intermediate level, with basic mathematical content. It is mostly theoretical work.
How long does ENT702 take to study?
About 208 hours of study, spread across its 16 units.
How is ENT702 assessed?
ENT702 is assessed by assignments, tutor marked assessments and final examination.
What can I do with ENT702?
Business Owner, Entrepreneur, Business Manager, Business Consultant and Investment Analyst.