20 Questions
What was the dominant economic activity during the pre-colonial era in Nigeria?
Trade
What were the entrepreneurs known as in the pre-colonial era of Nigeria?
Middlemen
What new dimension in entrepreneurship did the arrival of colonialism in Nigeria bring?
Introduction of a cash economy
What commodities were exported by entrepreneurs after the arrival of colonialism in Nigeria?
Palm oil, groundnuts, and cocoa
What policies were introduced by the government after Nigeria gained independence in 1960?
Policies aimed at promoting entrepreneurship and economic development
What was the purpose of establishing the Nigerian Industrial Development Bank in 1964 and the Nigerian Enterprises Promotion Decree of 1972?
To provide access to credit and financial support for entrepreneurs
What led to the decline in entrepreneurship in Nigeria during the 1980s?
Introduction of economic recession policies
What was the objective of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) established in 2003?
To provide support for SMEs
What is technological entrepreneurship also known as?
Technology-based entrepreneurship
What is the role of technological entrepreneurship in social and economic development?
Creation of new firms and job opportunities
What is the definition of intellectual capital?
The intangible assets of an organization
What does human capital represent?
The individual skills, knowledge, talent, and experience of employees and managers
Why is human capital considered the most important asset of an enterprise?
Because it is a permanent source of creativity and innovation
What does human capital encompass?
Creativity and innovation measures
Why is human capital considered the most risky asset of an organization?
Because it does not belong to the company, but to each employee
What does relational capital refer to in an organization?
Formal and informal relations with stakeholders
What is included in structural capital of an organization?
Databases and process manuals
How can intellectual capital be measured using the Market Value-to-Book Value Ratio (MV/BV)?
By showing how much a company is valued beyond its financial strength
What is the Balanced Scorecard method used for in measuring intellectual capital?
To look at organizational performance from multiple perspectives
What does the Skandia Navigator provide a collection of measurement methods for?
Measuring organizational performance from multiple perspectives
Explore the origins of entrepreneurship in Nigeria, tracing back to the pre-colonial era where trade was the dominant economic activity. Learn about the vital role played by entrepreneurs, known as middlemen, in facilitating commerce between different communities and regions.
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