AIM

To enable the learner to develop an entrepreneurial mind.

COURSE PURPOSE

The general purpose of the course is to equip students   with knowledge, skills and attitude that will enable him or her embrace entrepreneurship and apply their principles in personal, group, private or public business enterprises

COURSE OBJECTIVES

At the end of the course, students should be able to:

1.              Demonstrate an understanding of entrepreneurial theories and philosophies.

2.              Explain the contribution of entrepreneurship in national development of an economy.

3.              Understand the forces driving the growth of entrepreneurship.

4.              Describe the process of New Venture Creation.

EXPECTED LEARNING OUTCOME

1.         At the end of the course, students should be able to:

i.           Demonstrate an understanding of entrepreneurial theories and philosophies.

ii.         Explain the contribution of entrepreneurship in national development of an economy.

iii.        Understand the forces driving the growth of entrepreneurship.

iv.        Describe the process of New Venture Creation.

COURSE DESCRIPTION

Meaning and importance of entrepreneurship; nature, philosophy and theories of Entrepreneurship; myths of entrepreneurship; types and characteristics of entrepreneurs; Intrapreneurship; Forces driving the growth of entrepreneurship; Mistakes in entrepreneurship; Role of entrepreneurship and its contribution to the development of a country; Process of New Venture creation- the entrepreneurial process; Environment for Entrepreneurship- Internal and External; Forms of Business ownership; Contemporary Issues in Entrepreneurship

COURSE CONTENT/TOPIC

Week

Lecture

Topic

1

 1

1.0 INTRODUCTION TO ENTREPRENEURSHIP

1.1  Difference between self-employment and salaried employment

1.2  Contribution of entrepreneurship to national development

2

 2

2.0 EMERGING ISSUES AND TRENDS IN ENTREPRENEURSHIP

2.1  Evolution of Entrepreneurship

2.2  History of entrepreneurship

2.3  Myths associated with entrepreneurship in Kenya

2.4  Theories of entrepreneurship

3

 3

3.0 THE ENTREPRENEUR

3.1Types of entrepreneurs

3.2 Qualities of an entrepreneur

3.3 Roles of an entrepreneur in an enterprise

4

CAT 1

5

                       4

4.0 CREATIVITY AND INNOVATION

4.1 Meaning of creativity and innovation

4.2 Process of creativity and innovation

4.3 Importance of creativity and innovation

4.3 Barriers to creativity and innovation

4.4 Managing barriers to creativity and innovation

6

                       5

5. ENTREPRENEURIAL CULTURE

5.1Concept of entrepreneurial culture

Habits that promote entrepreneurial development

5.2 Factors inhibiting entrepreneurial development

5.3  Ways of managing factors that inhibit development of entrepreneurial culture

5.4  Entrepreneurial Opportunities

5.5  Meaning of entrepreneurial opportunities

5.6  Ways of generating business ideas

7

                    6

6.0 ENTREPRENEURIAL MOTIVATION

6.1Definition entrepreneurial motivation

6.2 Entrepreneurial motivation factors

8

                   CAT 2

9

 7

7.0 STARTING A SMALL BUSINESS

7.1  Procedure of starting a small enterprise

7.2  Factors to consider when starting a small enterprise

7.3  Legal forms of business ownership

7.4  Challenges faced when starting a small enterprise

7.5  Business life cycle

7.6  Business support services available for a small business

10

 8

8.0 BUSINESS ENTERPRISE MANAGEMENT

8.1  Definition of terms

8.2  Functions of management in an enterprise

8.3  Inventory management

8.4  Managing of enterprise resources

8.5  Recording business transactions in the books of accounts

8.6  Preparation of financial statement

8.7  Interpretation of financial statements

·       Importance of budgeting to a business

11

                      9

9.0 FINANCIAL MANAGEMENT

9.1  Meaning of financial management

9.2  Importance of financial management

9.3  Sources of business finance

9.4  Types of business records

12

 10

10.0 ENTERPRISE SOCIAL RESPONSIBILITY AND BUSINESS ETHICS

10.1Definition of social responsibility and business ethics

10.2 Enterprise social responsibility

10.3 Types of enterprise social responsibility

10.4 Importance of enterprise social responsibility

10.5 

10.6Ethical behaviour in an enterprise

13

11

BUSINESS PLAN

11.1 Definition of business plan

11.2 Components of a business plan

11.3 Uses of a business plan

11.4 Preparation of a business plan

14

 12

12.0 EMERGING ISSUES AND TRENDS IN ENTREPRENEURSHIP

12.1 Emerging issues and trends

12.2 Challenges posed by emerging issues and trends

12.3 Ways of managing challenges posed by emerging issues and trends

                                                        15

                      13

NEW VENTURE EXPANSION STRATEGIES AND ISSUES

13.1Introduction

13.2 Historical perspective

13.3 new venture expansion strategies and issues

13.4  Global Aspects of Entrepreneurship

13.5  Public Issues in Entrepreneurship

TEACHING METHODOLOGIES

• Lectures, Discussions, Assignments, Tutorials, Class Presentations, Handouts, Internet Research.

Evaluation

CAT  1, CAT 2 and Assignment                 30%                                                                    

End of semester exam                                 70%

TOTAL                                           100%

REFERENCES

Burns P., (2016), Entrepreneurship and Small Business: Start-up, Growth and Maturity, 4^th Ed., Palgrave

Yeung, Bernard, Basu Anuradha and Wadeson N., (2013), The Oxford Handbook of Entrepreneurship, Oxford University Press, 4^th Edition

Bygrave W., and Zacharakis A., (2011), Entrepreneurship, 2^nd Ed., John Wiley & Sons

Stocks, Wilson and Mador, (2010), Entrepreneurship, South Western Cengage Learning

Bessant J, and Tidd, Joe, (2012), Innovation and Entrepreneurship, John Wiley & Sons