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GST301DE&GS2 Unitsintermediate

Entrepreneurship Studies 1

This course provides a comprehensive introduction to entrepreneurship, covering its origins, concepts, motivations, and variables. It explores creativity, innovation, business environments, and forms of business ownership. The course also examines teamwork, group dynamics, the roles of vision, mission, objectives, and government regulatory agencies. Additionally, it highlights successful Nigerian entrepreneurs and the importance of entrepreneurship in economic development.

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52h

Study Time

13

Weeks

4h

Per Week

none

Math Level

Course Keywords

EntrepreneurshipInnovationBusiness EnvironmentBusiness EthicsEconomic Development

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

📚

Math Level

No Math

📖

Learning Type

Theoretical Focus

Course Topics

Key areas covered in this course

1

Entrepreneurship Origins and Concepts

2

Entrepreneurial Motivations and Variables

3

Creativity and Innovation

4

Business Environment

5

Forms of Business Ownership

6

Teamwork and Group Dynamics

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

Self-Assessment Questions

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

Business Manager

Apply your skills in this growing field

Entrepreneur

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 Enterprises (SMEs)Start-upsCorporate OrganizationsNon-profit OrganizationsGovernment Agencies

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Origin and Concepts of Entrepreneur and Entrepreneurship

4h

Unit 1: Entrepreneurship – Origin

2 study hours

•Define entrepreneurship and related key words.
•Discuss the origin of entrepreneurship and its evolution.
•Differentiate between entrepreneur and entrepreneurship.
•State the different types of entrepreneurs and their roles.

Unit 2: An Overview of the Definitions of Entrepreneurship and Entrepreneur

2 study hours

•Analyze the various definitions of entrepreneurship and entrepreneur.
•Identify the key activities associated with entrepreneurship.
•Differentiate between entrepreneurs, intrapreneurs, and technopreneurs.

Week

2

Module 1: Origin and Concepts of Entrepreneur and Entrepreneurship

4h

Unit 3: Characteristics of Entrepreneurship and Entrepreneurs

2 study hours

•List and explain the characteristics of entrepreneurship and entrepreneurs.
•Discuss the roles of entrepreneurs in economic, social, and technological change.

Unit 4: Roles of Entrepreneurs

2 study hours

•Explain the various roles of entrepreneurs in an organization.
•Discuss the social, economic, and technological roles of an entrepreneur.

Week

3

Module 1: Entrepreneurial Motivations, variables, creativity and innovation

3h

Unit 1: Entrepreneur motivations

3 study hours

•Define motivation and entrepreneurial motivations.
•Discuss the motivational and non-motivational influences on entrepreneurship.
•Identify the key motivational factors that drive individuals to become entrepreneurs.

Week

4

Module 1: Entrepreneurial Motivations, variables, creativity and innovation

3h

Unit 2: Motivational Influences on Entrepreneurship or Bright Side of Entrepreneurs

3 study hours

•Discuss the bright side of entrepreneurs, including the need for achievement, risk-taking propensity, and tolerance for ambiguity.
•Explain the importance of locus of control, self-efficacy, desire for independence, drive, and egoistic passion.

Week

5

Module 1: Entrepreneurial Motivations, variables, creativity and innovation

3h

Unit 3: Non-Motivational Influences on Entrepreneurs or the Dark Side of entrepreneur

3 study hours

•Discuss the dark side of entrepreneurs, including opportunity cost, stocks of financial capital, and social ties to investors.
•Explain the impact of career experience, life-path circumstances, and background characteristics.

Week

6

Module 1: Entrepreneurial Motivations, variables, creativity and innovation

4h

Unit 4: Entrepreneurship Variables

2 study hours

•Identify and explain the variables that affect the supply of entrepreneurship.
•Discuss the individual's intrinsic entrepreneurial ability and intuition.
•Analyze the general macro-economic environment and its impact on entrepreneurship.

Unit 5: Creativity

2 study hours

•Define creativity and innovation and their importance in entrepreneurship.
•Explain the stages of creativity and the factors that encourage it.

Week

7

Module 1: Entrepreneurial Motivations, variables, creativity and innovation

3h

Unit 6: Innovation and its benefits

3 study hours

•Explain the benefits of innovation and its various forms.
•Discuss technological, product-market, and administrative innovations.
•Classify innovation as incremental, modular, architectural, or radical.

Week

8

Module 1: Concept of Business and Business Environment

3h

Unit 1: An Overview of the Concept of Business

3 study hours

•Define the concept of business and its various components.
•Explain the concept of environment and its characteristics.
•Identify and discuss the components of the business environment.

Week

9

Module 1: Concept of Business and Business Environment

3h

Unit 2: The Concept of Environment

3 study hours

•Identify the internal and external environmental factors.
•Describe the process of scanning and analyzing the business environment using SWOT analysis.
•Identify the factors to consider under SWOT.

Week

10

Module 1: Forms of Business Ownership and Legal Implications

3h

Unit 1: Consideration for the choice of the form of Business organization

3 study hours

•Define sole proprietorship and discuss its advantages and disadvantages.
•Explain partnership, its types, formation, and dissolution.
•Discuss the legal implications of each form of business ownership.

Week

11

Module 1: Forms of Business Ownership and Legal Implications

3h

Unit 2: Forms of Business Ownership

3 study hours

•Explain limited liability companies and their formation.
•Discuss the legal requirements for registration of companies.
•Explain co-operative societies and their types.

Week

12

Module 1: Teamwork, Group Dynamic and Entrepreneurship

3h

Unit 1: Team: definition and typology

3 study hours

•Define teamwork and team building.
•Identify the characteristics of effective and efficient teams.
•Discuss the benefits and potential problems of teamwork.

Week

13

Module 1: Teamwork, Group Dynamic and Entrepreneurship

3h

Unit 2: Benefits of Teamwork and potential problems

3 study hours

•Define a group and discuss the theories of group formation.
•List the types of groups and explain the advantages and disadvantages of group dynamics.

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

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all key definitions and concepts from each unit.

2

Create a table comparing the advantages and disadvantages of different business ownership forms.

3

Practice SWOT analysis for different business scenarios.

4

Focus on understanding the roles and functions of government regulatory agencies.

5

Summarize the key characteristics of successful entrepreneurs.

6

Create concept maps linking motivational factors, creativity, and innovation.

7

Review all Self-Assessment Questions (SAQs) and ensure you understand the solutions.

8

Allocate study time evenly across all modules, with extra time for challenging units.

9

Form study groups to discuss and clarify complex concepts.

10

Practice answering essay questions related to the course topics.

11

Create flashcards for key terms and definitions.

12

Review all examples of successful Nigerian entrepreneurs and their strategies.

13

Focus on understanding the different stages of economic development and their relationship to entrepreneurship.

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