GST204 Entrepreneurship And Innovation

About this course

Difficulty: Intermediate
Study hours: 52 hours
Maths: Basic
Content: Theoretical, practical, case study
Practical work: Yes

How it is assessed

Assignments
Tutor marked assessments
Final examination

What you'll read

The real module and unit structure of GST204, taken from the course material NOUN publishes.

Module 1 · Development Entrepreneurship/Intrapreneurship

Module 2 · The Nigerian Entrepreneurial Environment

Module 3

Module 4

Module 5

Module 6 · Family Business and Succession Planning

Module 7

Module 8

Module 9

One paragraph, so you can see how it reads

GST204 · Unit 1 An Overview of the Definitions of Entrepreneurship and Intrapreneurship

Often times many people go into one business or the other without the businesses surviving, this is because of lack of understanding of how businesses are created. This unit will introduce you to the formation of entrepreneurship and the theories behind entrepreneurship formation.

Start reading Get the original PDF, if you want it

What you should be able to do

Identify and evaluate business opportunities in Nigeria
Apply entrepreneurial theories to real-world business scenarios
Develop innovative solutions to business challenges
Understand the legal and ethical considerations for entrepreneurs
Create a business plan for a new venture

What it prepares you for

Careers

Business Owner
Entrepreneur
Business Consultant
Project Manager
Innovation Manager

Where it is applied

Technology
Agriculture
Manufacturing
Retail
Services

Where it gets hard

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

Module 3: Creativity and Intellectual Rights
Unit 2: Copyright Laws in Nigeria
Copyright laws involve understanding legal frameworks and procedures, which can be challenging without a legal background.
Module 5: Management and Innovation
Unit 3: Financing Innovation and New Ventures
Financing innovation requires understanding complex financial instruments and risk assessment, which can be difficult for those without financial expertise.

A suggested way through it

Suggested

13 weeks, about 66 hours in total. Yours will differ.

Week 1Module 1: Development Entrepreneurship/Intrapreneurship
- Unit 1: An Overview of the Definitions of Entrepreneurship and Intrapreneurship · 3 hours
  Define entrepreneurship and intrapreneurship. Differentiate between entrepreneurship and intrapreneurship. Identify characteristics of entrepreneurs and intrapreneurs.
- Unit 2: Concepts and Theories of Entrepreneurship · 3 hours
  Discuss the evolution of entrepreneurship. Appraise classical, neo-classical, psychological, and sociological theories of entrepreneurship.
Week 2Module 1: Development Entrepreneurship/Intrapreneurship
- Unit 3: The Entrepreneurship Culture · 3 hours
  Demonstrate the different cultures of an entrepreneur. Discuss cultural values and attitudes. Identify elements of entrepreneurship culture.
- Unit 4: Brief Biographical Studies of Prominent Nigerian Entrepreneurs · 3 hours
  Articulate entrepreneurial skills by studying prominent Nigerian entrepreneurs. Analyze the motivations, challenges, and successes of selected entrepreneurs.
Week 3Module 1: Development Entrepreneurship/Intrapreneurship
- Unit 5: Barrier to Entrepreneurial Practice · 4 hours
  Solve entrepreneurial challenges. Identify and address barriers to entrepreneurial success.
Week 4Module 2: The Nigerian Entrepreneurial Environment
- Unit 1: The Business External Environment · 3 hours
  Identify business external factors. Interpret basic environmental business concepts.
- Unit 2: Identifying Business Opportunities and Threats · 3 hours
  Apply SWOT analysis in developing a business plan. Analyze strengths, weaknesses, opportunities, and threats.
Week 5Module 2: The Nigerian Entrepreneurial Environment
- Unit 3: Strategies for Exploring Opportunities in the Environment · 4 hours
  Demonstrate skills in searching for opportunities for identified businesses. Develop strategies for exploring opportunities in the environment.
Week 6Module 2: The Nigerian Entrepreneurial Environment
- Unit 4: Approaches to Addressing Environmental Barriers · 4 hours
  Solve basic environmental barriers in business. Apply approaches to addressing environmental barriers.
Week 7Module 3: Creativity and Intellectual Rights
- Unit 1: Intellectual Properties and its Dimensions · 3 hours
  Describe steps to protect a business idea. Understand intellectual property rights and dimensions.
- Unit 2: Copyright Laws in Nigeria · 3 hours
  Apply copyright law in protecting a business idea. Understand copyright laws in Nigeria.
Week 8Module 3: Creativity and Intellectual Rights
- Unit 3: Strategies for Protection of Intellectual Property (Original Ideas, Concepts, Products, etc.) · 4 hours
  Demonstrate competency in applying different strategies to protect intellectual property. Develop strategies for protection of intellectual property.
Week 9Module 4: Technological Entrepreneurship
- Unit 1: The Interface between Technology Development and Entrepreneurship · 3 hours
  Interpret the dynamics of technology in entrepreneurship. Understand the interface between technology development and entrepreneurship.
- Unit 2: Technological Environment and Business · 3 hours
  Evaluate technological environment for a business operation. Analyze the technological environment and business.
Week 10Module 4: Technological Entrepreneurship
- Unit 3: New Technology and Entrepreneurship Opportunities · 4 hours
  Evaluate new technologies for business. Identify new technology and entrepreneurship opportunities.
Week 11Module 5: Management and Innovation
- Unit 1: The Concept, Nature and Types of Innovation · 3 hours
  Differentiate the different types of innovations. Evaluate innovative ideas using innovative criteria.
- Unit 2: Innovation Theory of Entrepreneurship · 3 hours
  Apply innovation theories in managing a business. Understand innovation theory of entrepreneurship.
Week 12Module 5: Management and Innovation
- Unit 3: Financing Innovation and New Ventures · 3 hours
  Apply learned financing techniques in financing projects. Understand financing innovation and new ventures.
- Unit 4: Change Management · 3 hours
  Manage changes that occur in an enterprise. Understand change management.
Week 13Module 5: Management and Innovation
- Unit 5: Technical Change and Management of Innovation · 4 hours
  Appreciate the role of, and skills required for, implementing change and innovation. Understand technical change and management of innovation.

Preparing for the exam

What to do

Create a study schedule allocating specific time slots for each module
Review all key terms and definitions from each unit
Practice applying theoretical concepts to real-world case studies
Focus on understanding the Nigerian business environment and its unique challenges
Prepare summaries of each module's key takeaways and review them regularly

Questions students ask about this course

What is GST204 about?

This course introduces students to the fundamentals of entrepreneurship and innovation. It explores key concepts such as identifying business opportunities, understanding the Nigerian entrepreneurial environment, and leveraging creativity and intellectual rights. The course also covers technological entrepreneurship, family business dynamics, women entrepreneurship, and social entrepreneurship. Students will learn how to evaluate business opportunities, manage innovation, and navigate the challenges of starting and growing a business.

How many units does GST204 have?

GST204, Entrepreneurship And Innovation, has 37 units across 9 modules, over 207 pages of course material. You can read it one unit at a time.

How many credit units is GST204?

GST204 carries 2 credit units, at 200 level in DE&GS.

Is GST204 hard?

GST204 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 GST204 take to study?

About 52 hours of study, spread across its 37 units.

How is GST204 assessed?

GST204 is assessed by assignments, tutor marked assessments and final examination.

What can I do with GST204?

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