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GST301

Entrepreneurship Studies 1

  • DE&GS
  • 300 level
  • 2 credit units
  • 142 pages
  • 3 units

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.

About this course

Difficulty
Intermediate
Study hours
52 hours
Maths
None
Content
Theoretical
Practical work
No
How it is assessed
  • Assignments
  • Self Assessment Questions
  • Final Examination

One paragraph, so you can see how it reads

GST301 · Module 1: Study session 2: Entrepreneurial Motivations, variables, creativity and innovation

Some of these characteristics have been discussed earlier on in the previous study session. However, the problem with this school of thought is that the scholars do not agree on the special characteristics that the entrepreneur possess; also it has been discovered that there are some successful entrepreneurs that do not possess some or all of the special characteristics identified.

What you should be able to do

  1. Define entrepreneurship and related concepts.
  2. Analyze the factors that motivate individuals to become entrepreneurs.
  3. Evaluate the business environment and identify opportunities and threats.
  4. Compare and contrast different forms of business ownership.
  5. Apply teamwork and group dynamics principles in entrepreneurial settings.

What it prepares you for

Careers
  • Business Owner
  • Business Manager
  • Entrepreneur
  • Business Consultant
  • Project Manager
Where it is applied
  • Small and Medium Enterprises (SMEs)
  • Start-ups
  • Corporate Organizations
  • Non-profit Organizations
  • Government Agencies

Where it gets hard

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

  • Module 1: Entrepreneurial Motivations, variables, creativity and innovation

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

    Understanding the interplay between motivational and non-motivational factors requires critical thinking and self-reflection.

  • Module 1: Forms of Business Ownership and Legal Implications

    Unit 3: Limited Liability Companies

    Legal requirements for company registration involve complex procedures and compliance with CAMA 1990.

A suggested way through it

Suggested

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

  1. Week 1Module 1: Origin and Concepts of Entrepreneur and Entrepreneurship
    • Unit 1: Entrepreneurship – Origin · 2 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 hours

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

  2. Week 2Module 1: Origin and Concepts of Entrepreneur and Entrepreneurship
    • Unit 3: Characteristics of Entrepreneurship and Entrepreneurs · 2 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 hours

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

  3. Week 3Module 1: Entrepreneurial Motivations, variables, creativity and innovation
    • Unit 1: Entrepreneur motivations · 3 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..

  4. Week 4Module 1: Entrepreneurial Motivations, variables, creativity and innovation
    • Unit 2: Motivational Influences on Entrepreneurship or Bright Side of Entrepreneurs · 3 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..

  5. Week 5Module 1: Entrepreneurial Motivations, variables, creativity and innovation
    • Unit 3: Non-Motivational Influences on Entrepreneurs or the Dark Side of entrepreneur · 3 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..

  6. Week 6Module 1: Entrepreneurial Motivations, variables, creativity and innovation
    • Unit 4: Entrepreneurship Variables · 2 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 hours

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

  7. Week 7Module 1: Entrepreneurial Motivations, variables, creativity and innovation
    • Unit 6: Innovation and its benefits · 3 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..

  8. Week 8Module 1: Concept of Business and Business Environment
    • Unit 1: An Overview of the Concept of Business · 3 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..

  9. Week 9Module 1: Concept of Business and Business Environment
    • Unit 2: The Concept of Environment · 3 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..

  10. Week 10Module 1: Forms of Business Ownership and Legal Implications
    • Unit 1: Consideration for the choice of the form of Business organization · 3 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..

  11. Week 11Module 1: Forms of Business Ownership and Legal Implications
    • Unit 2: Forms of Business Ownership · 3 hours

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

  12. Week 12Module 1: Teamwork, Group Dynamic and Entrepreneurship
    • Unit 1: Team: definition and typology · 3 hours

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

  13. Week 13Module 1: Teamwork, Group Dynamic and Entrepreneurship
    • Unit 2: Benefits of Teamwork and potential problems · 3 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..

Preparing for the exam

What to do
  • Review all key definitions and concepts from each unit.
  • Create a table comparing the advantages and disadvantages of different business ownership forms.
  • Practice SWOT analysis for different business scenarios.
  • Focus on understanding the roles and functions of government regulatory agencies.
  • Summarize the key characteristics of successful entrepreneurs.
  • Create concept maps linking motivational factors, creativity, and innovation.
  • Review all Self-Assessment Questions (SAQs) and ensure you understand the solutions.
  • Allocate study time evenly across all modules, with extra time for challenging units.
  • Form study groups to discuss and clarify complex concepts.
  • Practice answering essay questions related to the course topics.
  • Create flashcards for key terms and definitions.
  • Review all examples of successful Nigerian entrepreneurs and their strategies.
  • Focus on understanding the different stages of economic development and their relationship to entrepreneurship.

Questions students ask about this course

What is GST301 about?

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.

How many units does GST301 have?

GST301, Entrepreneurship Studies 1, has 3 units across 3 modules, over 142 pages of course material. You can read it one unit at a time.

How many credit units is GST301?

GST301 carries 2 credit units, at 300 level in DE&GS.

Is GST301 hard?

GST301 is rated intermediate level, with no mathematical content. It is mostly theoretical work.

How long does GST301 take to study?

About 52 hours of study, spread across its 3 units.

How is GST301 assessed?

GST301 is assessed by Assignments, Self Assessment Questions and Final Examination.

What can I do with GST301?

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

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