ENT832

Creativity, Innovation And Technology In Enterprises

Management Sciences
800 level
2 credit units
198 pages
14 units

This course explores creativity, innovation, and technology within enterprises. It covers new venture creation, growth, and development, from idea generation to business diversification. Students will learn about business start-up, management, growth, and development, including relationships, authority, responsibility, production, recording, and marketing management. The course aims to equip students with the skills to manage and grow new ventures effectively.

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About this course

Difficulty: Intermediate
Study hours: 54 hours
Maths: Basic
Content: Theoretical, practical, case study
Practical work: Yes

How it is assessed

Assignments
Tutor marked assignments
Final examination

What you'll read

The real module and unit structure of ENT832, taken from the course material NOUN publishes.

Module 1

One paragraph, so you can see how it reads

ENT832 · UNIT 1 Definition of Entrepreneurship and Turning Knowledge Into Profit

A business is any activity that is involved in developing, producing and distributing of goods and service in return for a profit. A business can also be referred to as the activity of making, buying, selling or supplying goods and services for money.

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What you should be able to do

Define entrepreneurship and innovation.
Apply entrepreneurial theories to real-world scenarios.
Identify and evaluate business opportunities.
Develop and implement innovative strategies.
Understand the importance of teamwork and leadership.
Source and manage funds for new ventures.

What it prepares you for

Careers

Entrepreneur
Business Manager
Innovation Consultant
Project Manager
Business Development Manager

Where it is applied

Technology
Manufacturing
Retail
Consulting
Finance

Where it gets hard

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

Module 2: Innovation in Enterprises
Unit 4: Business Model Innovation
Theories require understanding of abstract concepts and their practical applications in different business scenarios.
Module 5: Entrepreneurial Strategies
Unit 12: Source of funds for Start up venture
Requires understanding of financial instruments and the ability to assess risk and return.

A suggested way through it

Suggested

13 weeks, about 42 hours in total. Yours will differ.

Week 1Module 1: Introduction
- Unit 1: Definition of Entrepreneurship and Turning Knowledge Into Profit (Enterprise, Entrepreneur, Intrapreneur, Entrepreneurship Theory & Practice) · 3 hours
  Define entrepreneurship and related terms.. Differentiate between enterprise, entrepreneur, intrapreneur, and entrepreneurship.. Explore entrepreneurial theories.. Analyze the role of knowledge in profit generation..
Week 2Module 1: Introduction
- Unit 2: Entrepreneurship In Personal And National Development: (Importance of Entrepreneurship and Possible Business Opportunities in Nigeria) · 3 hours
  Understand entrepreneurship from individual and national development perspectives.. Identify the importance of entrepreneurship.. Explore possible business opportunities in Nigeria.. Analyze how entrepreneurship sustains individuals, families, and nations..
Week 3Module 2: Innovation in Enterprises
- Unit 3: Fostering Innovation In Enterprise · 3 hours
  Define innovation and its role in business.. Explore various types of innovation: product, marketing, process, organizational, and technological.. Understand how to foster innovation in business organizations.. Analyze the impact of innovation on market entrance and sustainability..
Week 4Module 2: Innovation in Enterprises
- Unit 4: Business Model Innovation · 3 hours
  Understand various models and theories of innovation.. Apply theoretical ideas in business contexts.. Examine the Diffusion Theory of Innovation.. Analyze the Blue Ocean Theory, Open Innovation Theory, and Disruptive Innovation Theory..
Week 5Module 2: Innovation in Enterprises
- Unit 5: TECHNOLOGICAL INNOVATION · 3 hours
  Understand technopreneurship and technological innovation.. Explore the concept of technological competence.. Analyze the role of e-business in enterprises.. Examine the impact of technology on business processes..
Week 6Module 3: Innovation and Opportunities
- Unit 6: INNOVATION AND BUSINESS OPPORTUNITIES · 3 hours
  Define innovation and its characteristics.. Explore various types of innovation.. Understand the components of organizational innovation.. Analyze the relationship between innovation and business opportunities..
Week 7Module 3: Innovation and Opportunities
- Unit 7: PRODUCT IINNOVATION · 3 hours
  Understand product innovation and its stages.. Explore product classification.. Analyze the product innovation process.. Examine the product life cycle..
Week 8Module 4: Creativity and Implementation
- Unit 8: CREATIVITY · 3 hours
  Define creativity and its dimensions.. Explore the characteristics of creativity.. Analyze the role of creativity in entrepreneurial success.. Understand the importance of fostering creativity in organizations..
Week 9Module 4: Creativity and Implementation
- Unit 9: IMPLEMENTING ENTREPRENEURIAL INNOVATION · 3 hours
  Understand the importance of feasibility reports.. Describe the processes involved in preparing a feasibility report.. Analyze the key components of a feasibility study.. Apply feasibility study findings to entrepreneurial ventures..
Week 10Module 5: Entrepreneurial Strategies
- Unit 10: SUCCESS STRATEGIES OF ENTREPRENEURIAL INNOVATION · 3 hours
  Assess the survival strategies of entrepreneurs in Nigeria.. Describe the role of entrepreneurs as agents of economic change.. Explain the technological roles of entrepreneurs.. Analyze success stories of entrepreneurs in Nigeria..
Week 11Module 5: Entrepreneurial Strategies
- Unit 11: ENTREPRENERSHIP OUTFIT · 3 hours
  Explain the concept of entrepreneurship outfit.. Discuss the concept of teamwork and its importance.. Understand the guidelines for running an effective team.. Analyze the skills required for effective teamwork..
Week 12Module 5: Entrepreneurial Strategies
- Unit 12: Source of funds for Start up venture · 3 hours
  Explore sources of funds for start-up ventures.. Understand the types of finance needed.. Analyze debt and equity financing options.. Examine internal and external funding sources..
Week 13Module 6: Challenges and Opportunities
- Unit 13: Challenges for Funds Sourcing · 3 hours
  Identify challenges faced by entrepreneurs while sourcing funds.. Explore strategies to mitigate these challenges.. Analyze the role of balance sheets and business plans.. Understand lender requirements and build trust..
- Unit 14: Business opportunities in creativity and technology · 3 hours
  Identify technology-based business opportunities.. Explore business opportunities related to creativity.. Analyze the skills needed for different entrepreneurial ventures.. Understand the importance of experience and authenticity..

Preparing for the exam

What to do

Review definitions of key terms from Unit 1, such as entrepreneurship, enterprise, and intrapreneurship.
Create a table summarizing the main entrepreneurial theories discussed in Unit 1, noting key contributors and concepts.
Focus on the different types of innovation covered in Unit 3, including product, process, marketing, and organizational innovation.
Practice identifying business opportunities based on market trends and needs, as covered in Unit 2.
Study the stages of product development and the product life cycle from Unit 7.
Understand the dimensions and characteristics of creativity from Unit 8.
Review the steps involved in preparing a feasibility report from Unit 9.
Familiarize yourself with the sources of funds for start-up ventures from Unit 12.
Understand the challenges entrepreneurs face in sourcing funds from Unit 13 and strategies to mitigate them.
Review the success strategies for entrepreneurial innovation from Unit 10.
Study the importance of teamwork and guidelines for running an effective team from Unit 11.
Practice applying the concepts of creativity and technology to identify new business opportunities from Unit 14.
Review the potential failures and challenges of entrepreneurship, technological innovation, and creativity from Unit 15.

Questions students ask about this course

What is ENT832 about?

How many units does ENT832 have?

ENT832, Creativity, Innovation And Technology In Enterprises, has 14 units across 1 module, over 198 pages of course material. You can read it one unit at a time.

How many credit units is ENT832?

ENT832 carries 2 credit units, at 800 level in Management Sciences.

Is ENT832 hard?

ENT832 is rated intermediate level, with basic mathematical content. It is mostly theoretical, practical and case study work, and it has a practical component.

How long does ENT832 take to study?

About 54 hours of study, spread across its 14 units.

How is ENT832 assessed?

ENT832 is assessed by assignments, tutor marked assignments and final examination.

What can I do with ENT832?

Entrepreneur, Business Manager, Innovation Consultant, Project Manager and Business Development Manager.