Entrepreneurship Studies Ii
- Management Sciences
- 300 level
- 2 credit units
- 356 pages
- 20 units
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.
About this course
- Difficulty
- Intermediate
- Study hours
- 150 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor Marked Assessments
- Final Examination
What you'll read
The real module and unit structure of SMS303, taken from the course material NOUN publishes.
- UNIT 1: ROLE OF SUPPORT INSTITUTIONS TO PRODUCT SELECTION PROCESS (EVALUATION OF ENTREPRENEUR AND IDEA) – I NEPC, NERF AND NDEPage 306
- UNIT 2: ROLE OF SUPPORT INSTITUTIONS TO PRODUCT SELECTION PROCESS (EVALUATION OF ENTREPRENEUR AND IDEA) – II RMRDC AND IDCPage 324
- UNIT 3: CONTRIBUTIONS OF NATIONAL ASSOCIATIONS TO ENTREPRENEURSHIP, SMALL AND MEDIUM SCALE INDUSTRIALISTS – I NASSI, NASME, NACCIMA MAN, NECA AND SMEDANPage 330
- UNIT 4: GOVERNMENT SUPPORT AGENCIES FOR THE DEVELOPMENT OF SMALL AND MEDIUM SCALE INDUSTRIESPage 335
One paragraph, so you can see how it reads
SMS303 · UNIT 1: DEFINITION OF ENTREPRENEURSHIP AS A BUSINESS ACTIVITY
A number of self assessment exercises and fifteen assignments have been prepared to help you succeed in this course. The exercises will guide you to have understanding and good grasp of the course.
What you should be able to do
- Understand the history and scope of entrepreneurship in Nigeria.
- Develop a comprehensive business plan for a new venture.
- Analyze market opportunities and develop effective marketing strategies.
- Identify and manage financial resources for business growth.
- Comprehend legal and regulatory frameworks affecting business operations.
- Evaluate and select viable business ideas and product development strategies.
What it prepares you for
- Business Owner
- Entrepreneur
- Business Manager
- Consultant
- Project Manager
- Small and Medium Enterprises
- Manufacturing
- Retail
- Consulting
- Financial Services
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 3: Business Plans and Importance of Capital to Entrepreneurship
Unit 2: Management and Personnel, Start-up Costs and Financing as well as Projected Financial Statements
Projecting accurate financial statements requires strong accounting knowledge and forecasting skills.
- Module 4: Entrepreneurship and Business/Product Development
Unit 5: Law and its Relevance to Business Operations
Understanding complex legal frameworks and intellectual property rights requires careful analysis.
A suggested way through it
13 weeks, about 28 hours in total. Yours will differ.
- Week 1Module 1: Overview of Entrepreneurship
Unit 1: Definitions, Roles and Functions/Values of Entrepreneurship · 2 hours
Read the introduction to entrepreneurship.. Define entrepreneurship, entrepreneur, development, and entrepreneurship development.. Discuss entrepreneurship's contribution to GDP and GNP..
- Week 2Module 1: Overview of Entrepreneurship
Unit 2: History of Entrepreneurship · 2 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 3Module 1: Overview of Entrepreneurship
Unit 3: Role of Entrepreneurship in the National Economy · 2 hours
Define entrepreneurship in different ways.. Discuss the entrepreneurial process and its factors.. List and explain the advantages and disadvantages of entrepreneurship..
- Week 4Module 1: Overview of Entrepreneurship
Unit 4: Functions of an Entrepreneur · 2 hours
Describe the entrepreneur's role as a risk bearer.. Discuss management decision-making functions.. Explain the production function of an entrepreneur..
- Week 5Module 1: Overview of Entrepreneurship
Unit 5: Entrepreneurship and Forms of Business Ownership · 2 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 6Module 2: Sources of Information and Credit Creation for Entrepreneurship Development
Unit 1: Sources of Information for Entrepreneurship Development · 2 hours
Explain what information is.. Discuss the nature and types of information required by an entrepreneur.. Enumerate and discuss sources of information..
- Week 7Module 2: Sources of Information and Credit Creation for Entrepreneurship Development
Unit 2: Role of Money and Capital Markets in Entrepreneurial Development · 2 hours
Define capital and money markets.. Trace the history of money and capital markets.. Explain the functions of Nigerian capital and money markets..
- Week 8Module 2: Sources of Information and Credit Creation for Entrepreneurship Development
Unit 4: Foreign Exchange and Stock Exchange Markets · 2 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 9Module 3: Business Plans and Importance of Capital to Entrepreneurship
Unit 1: Preliminary and Marketing Plans · 2 hours
Define a business plan.. Describe the content of an executive summary.. Explain the importance of a mission statement and business environment analysis..
- Week 10Module 3: Business Plans and Importance of Capital to Entrepreneurship
Unit 2: Management and Personnel, Start-up Costs and Financing as well as Projected Financial Statements · 2 hours
Determine information for management and personnel components.. Describe start-up costs and financing.. Prepare projected financial statements..
- Week 11Module 3: Business Plans and Importance of Capital to Entrepreneurship
Unit 3: Legal Section, Insurance, Suppliers and Risks, Assumptions & Conclusion · 2 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 12Module 4: Entrepreneurship and Business/Product Development
Unit 1: Starting a New Business · 2 hours
Discuss innovation in entrepreneurship.. Enumerate sources of ideas for new businesses.. Highlight obstacles to entering a new industry..
- Week 13Module 4: Entrepreneurship and Business/Product Development
Unit 2: Buying an Existing Business · 2 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 hours
Define a new product.. List and discuss steps in new product development.. Enumerate key success factors in new product development..
Preparing for the exam
- Review all module introductions and summaries to consolidate key concepts.
- Create detailed outlines for each unit, focusing on definitions, processes, and key examples.
- Practice applying business plan components to different business scenarios.
- Focus on understanding the roles of different government and support agencies.
- Study legal concepts and their practical implications for business operations.
- Review all Tutor-Marked Assignments (TMAs) and feedback to identify areas for improvement.
Questions students ask about this course
What is SMS303 about?
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.
How many units does SMS303 have?
SMS303, Entrepreneurship Studies Ii, has 20 units across 5 modules, over 356 pages of course material. You can read it one unit at a time.
How many credit units is SMS303?
SMS303 carries 2 credit units, at 300 level in Management Sciences.
Is SMS303 hard?
SMS303 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does SMS303 take to study?
About 150 hours of study, spread across its 20 units.
How is SMS303 assessed?
SMS303 is assessed by Assignments, Tutor Marked Assessments and Final Examination.
What can I do with SMS303?
Business Owner, Entrepreneur, Business Manager, Consultant and Project Manager.