Department of Entrepreneurship Education

Date of Establishment: –January, 25^th 2012

Brief History: –

History was however made when on January 25, 2012, at its 346^th meeting, the Academic Board of the college, in response to a memo presented by the Head of Department, approved the upgrade of the Unit into an autonomous full-fledged academic department. The Department thus become the youngest (although with the broadest scope) academic department of the College.The officer in charge of the programme hitherto used to be known as COORDINATOR.  However, the Academic Board at the same 346^th Meeting approved the change of title to HEAD OF DEPARTMENT in line with the subsisting practice in the college.

The General Studies Department existed in this new status for exactly six months before history came beckoning again.   On Wednesday, 20^th June 2012, the Academic Board of the college at its 350^th meeting gave unanimous approval to the upgrade of the general studies Programme of the college, Dr (Mrs) B. C. Ijioma, in a memo presented on the matter.  The approval was in compliance with the directive on-going restructuring of the colleges of Education by the National commission for colleges of Education (NCCE).  With the development, the school of General Studies (SGS) thus became the sixth academic faculty in the college.  MBO Ajileye, the immediate past Head of the Department of General Studies thus became the pioneer Dean of the School.  The Departments are:

• Language/Humanities
• Basic Sciences
• Civic and Social Issues
• ICT
• Entrepreneurship Education.

THE VISION, MISSION of ENTREPRENEURSHIP EDUCATION:

• VISION: The Department of Entrepreneurship envisions a model department in a Federal College of Education that is a leader in the production of creative and innovative Graduates well-equipped with all entrepreneurial skills necessary for self-sufficiency in a modern world.
• MISSION: Our mission is to equip students with Entrepreneurial skills necessary for the production of the graduates who will be able to overcome the challenges of unemployment in a Developing Nation.
• CORE MANDATE OF THE SCHOOL: The General Studies Programme is designed to expose students to a variety of knowledge across disciplines.  It is aimed at enabling students appreciate the inter-relationship among disciplines in an integrated world, which is fast becoming one big     Advances in Science and Technology are daily breaking down traditional boundaries in human knowledge and communication.The computer is also actively making obsolete the compartmentalization of human knowledge.  In a small way, General studies, therefore, offer the potential for bridging the gaps in human knowledge, thereby preparing the students to meet the challenges of the changing world adequately.

ACADEMIC CONTENT (Existing Curriculum for the Programme)

CED 341:  INTRODUCTION TO ENTREPRENEURSHIP AND INNOVATION

Module 1: Development Entrepreneurship/Intrapreneurship
• The concept of organisations and theories of entrepreneurship
• The entrepreneurship culture
• Biographical studies of Entrepreneurs
• Barriers to entrepreneurial practice

Module 2: The Nigerian Entrepreneurial Environment
• The Business External environment (political, legal, socio-cultural, economic, natural, technology etc.)
• Identifying Business Opportunities and Threats
• Strategies for exploiting opportunities in the environment
• Approaches to addressing environmental barriers

Module 3: Creativity and Intellectual Rights
• Intellectual Property and its Dimensions
• Copyright Laws in Nigeria
• Strategies for protection of Intellectual Property (original ideas, concepts, products etc)

Module 4: Technological Entrepreneurship
• The interface between Technology development and Entrepreneurship
• Technological Development and Entrepreneurial Opportunities
• Technological Environment and Business
• New technology and entrepreneurship opportunities

Module 5: Management of Innovation
• The concept, nature and types of innovation
• Theories of innovation
• Financing innovation and new ventures
• Change management
• Technical change and management of innovation

Module 6: Family Business and Succession Planning
• The concept family business
• The cultural contexts of family business
• Roles and relationship in family business
• Ownership transfer and succession in family business

Module 7: Women Entrepreneurship
• The Concept of women entrepreneurship
• Role orientation and women entrepreneurial Aspirations
• Contributions of Women to National Socio-economic and Human Development.
• Barriers to women entrepreneurial practice

Module 8: Social Entrepreneurship
• The concept of social Entrepreneurship
• Social entrepreneurship and value creation
• The roles of non-governmental organization in social entrepreneurship
• Social entrepreneurship and funding opportunities
• Social entrepreneurship enhancement factors.

Module 9: Business Opportunity Evaluation
• Sources of Business Opportunities in Nigeria
• The difference between ideas and opportunities
• Scanning business opportunities in Nigeria
• Environment and new venture idea generation

CED 342: BUSINESS CREATION AND GROWTH

Module 1: Concept of Business and New Value Creation
• Business planning process
• Startup decision-what motivates people to doing new businesses
• Opportunity search and identification
• Legal issues at start up
• Feasibility analysis of new ventures and new venture financing

Module 2: Theories of Growth: An Overview
• Concepts and reasons of growth
• Challenges of growth
• Strategies for growth (External growth strategies, franchising, Buy-in and Buy-out)
• Mergers and Acquisition

Module 3: Sources of Funds
• Internal sources and external sources
• Formal and Informal sources
• Efficiency in the use of resources

Module 4: Marketing
• Concept of marketing: small and big business marketing
• Marketing mix
• Modern marketing tools

Module 5: Ethics and Social Responsibility
• The importance of ethics in business
• Ethical behavior and practices in Nigeria
• Community development projects/welfare

Module 6. New Opportunities for Expansion
• E-commerce
• E-business
• E-trade

Module 7: Managing Transition: From start up to growth
• Personal disciplines
• Learning
• Decision making
• Control

GSE 224: FUNDAMENTALS OF ENTREPRENEURSHIP

Concept of Entrepreneurship
• Definition, origin, scope and role
• Types of entrepreneurs
• Qualities and responsibilities
• Link between entrepreneurship and economic growth

Small and Medium Scale Enterprises (SMEs)
• Definition and importance
• Organization, sole trade, partnership, franchising, public limited liability company
• How to finance SMEs
• Common problems of SMEs and why they fail

Feasibility Study and business plan
• Definition, objectives and purpose
• Content and structure
• Importance of a bankable business plan

Risks in Business
• Definition and scope
• Types and management
• Reduction Strategies
• Intellectual property right

Investment education and wealth creation strategies
• Identify and harness SWOT
• Develop financial literacy
• Multiple streams of income

E-marketing
• Meaning role and importance
• Strategic application
• Dynamism in e-marketing

Business Windows
• Formal and informal education
• Agriculture and agro-allied
• Reprographic outfit
• Internet
• Health and related outfits, etc.

Funding institutions in Nigeria
• Roles and importance
• Type’s example, SMEIS, NBCI, SSICS, NEFUND etc.
• Terms of participation and benefits

Marketing Strategies
• Customer oriented product/services
• Different medium of creating awareness for goods and services
• Creating a winning image, brand, trademark and service delivery
• Strategies for winning competitors

Documentation
• Need, importance and format of:
• Original books of accounts
• Cash book and bank reconciliation
• Final accounts
• Other relevant documents in business

Regulatory and Supervisory Laws for SMEs in Nigeria
• Example guideline for nutria finance, industrial investment and commercial banks