Entrepreneurship Development

Course main Aim/Goal

This course is intended to create awareness in a student and motivate him towards self-employment through the development of personal skills, competencies effectiveness and aptitudes using project based work in an economic setting to set-up and manage a small and medium enterprises successful.

General Objectives:

1. Understand the history of Entrepreneurship development in Nigeria

2. Understand the need, scope and characteristic of entrepreneurship

3. Understand the various sources of information for entrepreneurship development

4. Appreciate the roles of commercial and development banks in small scale industrial development

5. Understand the functions of various support agencies in small and medium scale industrial development

6. Understand methods of product selection.

7. Understand the activities of different industrial association in relation to entrepreneurship

8. Know self through analysis of strengths, weaknesses, goal-setting and risk-taking behaviour

9. Know the motivational pattern of entrepreneurs

10. Understand the functional areas of business

11. Understand the need for business planning.

1.1 Narrate the Entrepreneurship history in Nigeria.

1.2 Compare entrepreneurship in Nigeria with Japan, India, China, Malaysia, South Korea, etc.

1.3 Explain Nigeria’s values and entrepreneurship.

1.4 Describe the role of entrepreneurship in the development of small and medium scale industries

Explain Entrepreneurship, its historical development in Nigeria and role in small and medium scale industries.

ii. Compare entrepreneurship in Nigeria with other countries of the world - Japan, India, China etc.

iii .Show students video film of entrepreneurship development in any of the countries mentioned above:

iv. Explain Nigeria’s values and entrepreneurship.

2.1 Define entrepreneurship and entrepreneur.

2.2 Define the role and functions of entrepreneurship.

2.3 Identify the entrepreneurial traits.

2.4 Explain entrepreneurial tasks.

2.5 Explain the need for entrepreneurship in national economic development.

2.6 Identify entrepreneurial risks and hazards

i. Explain entrepreneurship and entrepreneur.

ii. Explain the functions of entrepreneurship and its roles in national economic development.

iii. Explain the various traits of an entrepreneur.

iv. Explain entrepreneurial tasks, the inherent risks and hazards.

v. Invite a successful entrepreneur to give a talk to students 

3.1 Identify organizations and agencies involved in the promotion and development of entrepreneurship

3.2 Explain the roles of banks and financial institutions in enterprise creation.

3.3 Describe the contributions of government agencies in sourcing information including patent rights

i. Explain the various organizations and agencies involved in the promotion and development of entrepreneurship.

ii. Explain the roles of banks and financial institutions in the creation of enterprises.

iii. Explain the contributions of government agencies in sourcing information and protecting enterprises.

iv. Give assignment.

4.1 Identify financial institutions involved in entrepreneurship development.

4.2 Describe the assistance provided by commercial banks.

4.3 Explain the roles of development banks in the promotion and development of small and medium scale enterprises (SME’s).

Describe government policy on financing small and medium scale enterprises (SME’s).

i. Explain financial institutions involved in entrepreneurship development.

ii. Explain the roles of commercial and development banks in the promotion and development of SME’s.

iii. Explain government policy on financing SME’s

5.1 Identify various support agencies involved in the promotion and development of entrepreneurship.

5.2 Enumerate the functions of support agencies.

5.3 Explain the assistance rendered by Research Institutions/Universities/Polytechnics/Monotechnics/Technical Colleges in entrepreneurship development.

5.4 Explain the roles of: Nigerian Export Promotion Council (NEPC)

a) Nigerian Investment Promotion Commission (NIPC)

b) National Economic Reconstruction Fund (NERFUND)

c) National Directorate of Employment (NDE)

d) Raw Materials Research and Development Council (RMRDC)

5.5 Industrial Development Centres (IDC) and TBICs in the Promotion and Development of Entrepreneurship

i. Explain the various support agencies involved in the promotion and development of entrepreneurship and their functions.

ii. Explain the roles of research institutes, institutions of higher learning in the development of entrepreneurship.

iii. Show a film on Technology Business Incubation Centre (TBIC) operation.

iv. Conduct Test.

6.1 Explain product selection.

6.2 Explain product selection criteria.

6.3 Identify key factors associated with product selection.

6.4 Describe venture idea generation.

6.5 Describe the steps involved in preliminary screening.

6.6 Evaluate critically, product ideas.

6.7 Explain the different steps in preparing pre-feasibility study.

6.8 Evaluate adequacy of infrastructural facilities for product selection.

6.9 Identify the relevant technology available for the selected product.

6.10 Evaluate sources and adequacy of raw materials for a selected product.

6.11 Explain effects of government policy and regulations on the selected product.

6.12 Identify legal aspects of business in product selection.

i. Explain product selection, criteria and factors associated with selection.

ii. Explain venture idea generation.

iii. Explain critical evaluation of product ideas and steps involved in preliminary screening.

iv. Explain steps in preparing prefeasibility study.

v. Explain adequacy of infrastructural facilities for the selected product.

vi. Explain availability of relevant technology for the selected product.

vii. Explain sources and adequacy of raw materials.

viii. Explain effects of government policy and regulation on the selected product.

ix. Explain legal aspects of business on the selected product. 

7.1 Describe the roles of National Association of Small Scale Industrialists (NASSI) in entrepreneurship.

7.2 Describe the roles of National Association of Small and Medium Entrepreneurs (NASME).

7.3 Describe members of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA).

7.4 Describe the roles of the Nigerian Association of Chambers of Commerce, Industry Mines and Agriculture (NACCIMA).

7.5 Explain the roles of Manufacturers Association of Nigeria (MAN) in the development of Small and Medium Scale Enterprises (SME’s).

7.6 Explain the activities of N.E.C.A and its roles in industry. 

Explain NASSI and its roles in entrepreneurship development.

Explain NASME and its roles in entrepreneurship development.

Explain City, States and bi-lateral chambers of commerce and industry and their roles in entrepreneurship development.

Explain NACCIMA and its role in entrepreneurship development. Explain MAN and its roles.

Explain Nigerian Employers Consultative Association (N.E.C.A). and its roles.

8.1 Explain the following terms:

a) Data collection about self.

b) Who am I (personal efficacy)

c) Rating of concepts

d) Self Knowledge.

8.2 Define individual life goal and link it to entrepreneurship.

8.3 Identify the strengths and weaknesses in 8.2 above.

8.4 Carry out a Ring TOSS Game.

8.5 Explain the behavioural pattern observed in 8.4 above on:

a) Moderate risk taking.

b) Goal setting

c) Learning from feed back

d) Taking personal responsibility Confidence and self reliance

Explain the term:-

- Data collection about self

- Personal efficacy

- Rating of concepts

- Self knowledge

Explain individual life goal of entrepreneurship, their strengths and weaknesses.

Explain Ring TOSS Guide students to carry out a Ring TOSS Game.

Explain the behavioural pattern observed in a Ring TOSS Game:

- Moderate Risk Taking

- Goal Setting

- Learning from feed back

- Taking personal responsibility

Confidence and selfreliance

9.1 Define motivation

9.2 List the objectives of motivation

9.3 Identify barriers to motivation and achievement.

9.4 Analyse motive strength (from TAT scores) by:

a) Locating achievement agencies Intensity of motives.

i. Explain motivation, its objectives, merits and demerits.

ii. Carry out analysis on motive strength (from TAT scores) by:

- Locating achievement Imageries

- Intensity of motives

iii. Give assignment

10.1 Explain basic management concepts and functions.

10.2 Describe human capital function in small enterprise.

10.3 Identify the sources of finance and financial needs.

10.4 List the books of accounts necessary for operation of small enterprises.

10.5 Identify the financial regulations and taxes affecting small enterprise operation.

10.6 Explain the significance of insurance coverage for small enterprise.

10.7 Describe the role of marketing in a small enterprise development.

10.8 Explain the importance of marketing mix to the growth and expansion of a small enterprise.

10.9 Explain the roles and functions of the following:-

a) Product Planning and Control

b) Production Forms and Techniques

c) Factory and facilities layout d) Work Process

10.10 Explain the importance of quality control and production standards.

10.11 Explain the need for maintenance management with special reference to:

a. Routine maintenance

b. Scheduled Maintenance

c. Spare parts management and control

Preventive Maintenance

Explain basic Management concepts and functions.

Explain significance of insurance coverage for small enterprises.

Explain the role of marketing and importance of marketing mix to the development and growth of a small enterprise.

Explain the roles and functions of:

- Product Planning and control.

- Production forms and Techniques

- Factory and facilities layout

- Work Process.

Explain importance of Quality control and production standards.

Explain need for maintenance management with special reference to:

- Routine maintenance

- Scheduled maintenance

- Preventive maintenance

- Spare parts management and control.

xii. Invite a successful entrepreneur to give a talk to students. Explain the basic functions of personnel in a small enterprise. Explain sources of finance and financial needs for a small enteprise. Explain books of accounts necessary for operation in a small enterprise concern.

Guide students to prepare simple formats of prime books of accounts.

Explain financial regulations and taxes affecting operations of small enterprises.

11.1 Identify a viable business opportunity based on

a) Demand

b) Availability of resources

c) Import substitution

d) Export oriented products

11.2 Explain the different steps in preparing a preliminary project report.

11.3 Formulate a bankable project report.

11.4 Analyse a sample project report.

i. Explain viable business and business opportunities based on:

- demand

- availability of resources

- import substitution

- export oriented products

ii. Explain different steps in preparing a preliminary project and bankable project report.

iii. Guide students to prepare a preliminary project report.