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SMS303Management Sciences2 Unitsintermediate

Entrepreneurship Studies Ii

This course introduces learners to the history, roles, and functions of entrepreneurship in Nigeria. It examines entrepreneurship tasks, risks, and its role in the national economy. The course also covers the role of banks and financial institutions in enterprise creation, government agencies' contributions to information sourcing, and policies on financing small and medium scale industries. Students will understand product selection and the roles of industrial associations.

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150h
Study Time
13
Weeks
12h
Per Week
basic
Math Level
Course Keywords
EntrepreneurshipBusiness DevelopmentSmall Scale IndustriesFinancial InstitutionsGovernment Policy

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Entrepreneurship Definitions

2

History of Entrepreneurship

3

Business Planning

4

Product Development

5

Financial Management

6

Legal Aspects of Business

7

Marketing Strategies

8

Risk Management

Total Topics8 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

Tutor-Marked Assessments

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

Entrepreneur

Apply your skills in this growing field

Business Manager

Apply your skills in this growing field

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 EnterprisesManufacturingRetailConsultingFinancial Services

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Overview of Entrepreneurship

2h

Unit 1: Definitions, Roles and Functions/Values of Entrepreneurship

2 study hours
  • •Read the introduction to entrepreneurship.
  • •Define entrepreneurship, entrepreneur, development, and entrepreneurship development.
  • •Discuss entrepreneurship's contribution to GDP and GNP.
Week
2

Module 1: Overview of Entrepreneurship

2h

Unit 2: History of Entrepreneurship

2 study hours
  • •Trace the history of entrepreneurship globally.
  • •Explain the role of authors and practitioners in the evolution of entrepreneurship.
  • •Trace the different stages of the history of entrepreneurship in Nigeria.
Week
3

Module 1: Overview of Entrepreneurship

2h

Unit 3: Role of Entrepreneurship in the National Economy

2 study hours
  • •Define entrepreneurship in different ways.
  • •Discuss the entrepreneurial process and its factors.
  • •List and explain the advantages and disadvantages of entrepreneurship.
Week
4

Module 1: Overview of Entrepreneurship

2h

Unit 4: Functions of an Entrepreneur

2 study hours
  • •Describe the entrepreneur's role as a risk bearer.
  • •Discuss management decision-making functions.
  • •Explain the production function of an entrepreneur.
Week
5

Module 1: Overview of Entrepreneurship

2h

Unit 5: Entrepreneurship and Forms of Business Ownership

2 study hours
  • •Discuss various forms of business ownership.
  • •Explain the features, objectives, capital, advantages, and disadvantages of each form.
  • •Focus on sole proprietorship and partnership.
Week
6

Module 2: Sources of Information and Credit Creation for Entrepreneurship Development

2h

Unit 1: Sources of Information for Entrepreneurship Development

2 study hours
  • •Explain what information is.
  • •Discuss the nature and types of information required by an entrepreneur.
  • •Enumerate and discuss sources of information.
Week
7

Module 2: Sources of Information and Credit Creation for Entrepreneurship Development

2h

Unit 2: Role of Money and Capital Markets in Entrepreneurial Development

2 study hours
  • •Define capital and money markets.
  • •Trace the history of money and capital markets.
  • •Explain the functions of Nigerian capital and money markets.
Week
8

Module 2: Sources of Information and Credit Creation for Entrepreneurship Development

2h

Unit 4: Foreign Exchange and Stock Exchange Markets

2 study hours
  • •Discuss the history of foreign exchange management in Nigeria.
  • •Highlight the importance of foreign exchange control regulations.
  • •Describe domiciliary accounts and methods for determining exchange rates.
Week
9

Module 3: Business Plans and Importance of Capital to Entrepreneurship

2h

Unit 1: Preliminary and Marketing Plans

2 study hours
  • •Define a business plan.
  • •Describe the content of an executive summary.
  • •Explain the importance of a mission statement and business environment analysis.
Week
10

Module 3: Business Plans and Importance of Capital to Entrepreneurship

2h

Unit 2: Management and Personnel, Start-up Costs and Financing as well as Projected Financial Statements

2 study hours
  • •Determine information for management and personnel components.
  • •Describe start-up costs and financing.
  • •Prepare projected financial statements.
Week
11

Module 3: Business Plans and Importance of Capital to Entrepreneurship

2h

Unit 3: Legal Section, Insurance, Suppliers and Risks, Assumptions & Conclusion

2 study hours
  • •Discuss legal issues, insurance, suppliers, and risks.
  • •Explain the importance of assumptions and conclusions in a business plan.
  • •Complete the final sections of a business plan.
Week
12

Module 4: Entrepreneurship and Business/Product Development

2h

Unit 1: Starting a New Business

2 study hours
  • •Discuss innovation in entrepreneurship.
  • •Enumerate sources of ideas for new businesses.
  • •Highlight obstacles to entering a new industry.
Week
13

Module 4: Entrepreneurship and Business/Product Development

4h

Unit 2: Buying an Existing Business

2 study hours
  • •List the advantages and disadvantages of buying an existing business.
  • •State steps to identify a business and determine its price.
  • •Highlight the negotiating process.

Unit 3: New Product Development

2 study hours
  • •Define a new product.
  • •List and discuss steps in new product development.
  • •Enumerate key success factors in new product development.

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

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all module introductions and summaries to consolidate key concepts.

2

Create detailed outlines for each unit, focusing on definitions, processes, and key examples.

3

Practice applying business plan components to different business scenarios.

4

Focus on understanding the roles of different government and support agencies.

5

Study legal concepts and their practical implications for business operations.

6

Review all Tutor-Marked Assignments (TMAs) and feedback to identify areas for improvement.

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