ENT 312 — Venture Creation
Opportunity identification (sources of business opportunities in Nigeria, environmental scanning, demand and supply gap/unmet needs/market gaps/market research, unutilised resources, social and climate conditions and technology adoption gap). New business development (business planning and market research). Entrepreneurial finance (venture capital, equity finance, micro finance, personal savings, small business investment organisations and business plan competition). Entrepreneurial marketing and e-commerce (principles of marketing, customer acquisition &retention, B2B, C2C and B2C models of e-commerce, first mover advantage, e- commerce business models and successful e-commerce companies). Small business management/family business, leadership &management, basic bookkeeping, nature of family business and family business growth model. Negotiation and business communication (strategy and tactics of negotiation/bargaining, traditional and modern business communication methods). Opportunity discovery demonstrations (business idea generation presentations, business idea contest, brainstorming sessions, idea pitching). Technological solutions (the concept of ‘market/customer solution, customer solution and emerging technologies, business applications of new technologies - Artificial Intelligence (Al), Virtual/Mixed Reality (VR), Internet of Things (loTs), Blockchain, Cloud Computing, Renewable Energy, Digital Business and E-Commerce Strategies). 15hrs(T), 45hrs (P) C