This book aims to equip readers with the requisite knowledge of entrepreneurship and innovation. In a society where entrepreneurship drives the economy, it becomes necessary for people to have a background knowledge of becoming a successful entrepreneur; hence, this book is designed to undertake this responsibility. In addition, the editor buttresses that the major goal of this textbook is to help readers acquire entrepreneurial skills. In summary, the book
aims to equip readers with the knowledge and skills relevant to any entrepreneurial endeavour
CONTENT
Content of this book ranges from the concept of entrepreneurship, classification and biographical study of entrepreneur, barriers and critical success factors in entrepreneurship, theories of entrepreneurship, entrepreneurial thinking and creativity, innovations and change management, enterprise formation, partnership and networking, forms of business ownership, business plan and feasibility study, entrepreneurship development in Nigeria, women entrepreneurship, youth entrepreneurship and many others. Different scholars undertake these to bring to light the purpose of the book.
ORGANIZATION OF CONTENT
The book “Entrepreneurship and Innovation” has a total of eighteen chapters. Each chapter deals with a specific topic, but interrelated.
Chapter One: The concept of entrepreneurship: This chapter is written by prof. Ntiedo J. Umoren and Sunday S. Akpan, Ph.D . It begins with an introduction. In the introduction, the writer
emphasises that the development of entrepreneurship has progressed beyond rhetorical questions of whether it is justified and beyond
questioning its economic rationale. After this, an attempt is made at exposing who an entrepreneur is. The writer also explains the concept and meaning of entrepreneurship as well as the concept on intrapreneurship. Meanwhile, under the challenges in developing an entrepreneurial mindset, the writer discussed about ten (10) mindset that can be developed by an entrepreneur. The last aspect of the chapter, the writer explained the rationale and relevance of entrepreneurship. Some of such includes; creation of employment, transformation of traditional industry, utilization of resources. Etc.
Chapter Two: Classification and Biographical Study of Entrepreneur. This chapter is written by Prof. Essien E. Akpanuko and Ekwere R. Enang, Ph, D. In this chapter, the writers have made effort in classifying entrepreneurship. In order to bring a clearer understanding to readers, they adopted a tree like structure. The first classification includes; individual scholars, ownership, new class, scale of enterprise. Beyond this, the writer classifies entrepreneurship based on Clarence Danhof etc. classification based on ownership and finally classification based on enterprise. In another unit, the writers outlined solo entrepreneurs, active partners, buyers, challengers etc. as new entrepreneurial classification. In the end, while writing on the characteristics or attributes of an entrepreneur, they listed and explained fourteen (14) attributes.
Chapter Three: Barriers and Critical Success Factors in Entrepreneurship: This chapter is written by Akpan J. Williams and Uduakobong A. Inyang, Ph. D. In this chapter, the writers outlines and discusses many barriers to entrepreneurship. Some are; poor managerial competence, low entrepreneurial mindset, low financial capacity, poor banking policy on lending to startup among others. Also, conscious effort is made by the writer to elucidate some strategies for overcoming these barriers. Meanwhile, some critical success factor in entrepreneurship is outlined and explained.
Chapter Four: Theories of Entrepreneurship: This chapter is written by Prof. Micheal P. Nnamseh and Mrs. Emem Akaninyene Ph.D. Just as the title implies, this chapter critically examines 11 (eleven) theories of entrepreneurship.
Chapter Five: Entrepreneurial Thinking and Creativity: This chapter is written by Prof Anietie E. Efi and Francis Bassey, Ph.D. In this chapter the concept of creativity, critical thinking and reflective thinking are defined. The writers also identifies three ways of how creativity grows and theories and drivers of creativity.
Chapter Six: Innovation and Change Management: This chapter is written by Nseabasi I. Etukafia, Ph,D and Micheal Effiom. The writers began by explaining the concept of innovation, followed by types of innovation, sources of innovation and innovation management.
Chapter Seven: Enterprise Formation, Partnership and Networking: this chapter is written by Samuel Etuk, Ph. D and Saviour Okon, Ph.D .The writers begins with the definition of an enterprise followed by the concept and entrepreneurial business. Also, differences are made between an enterprise and entrepreneurial business followed by the steps to register a business.
Chapter Eight: Forms of Business Ownership: This chapter is written by Prof. John Udoidem and Mfon Jeremiah, Ph. D and the chapter is dedicated to explaining various forms of business ownership e.g. sole proprietorship, partnership, etc.
Chapter Nine: Business Plan and Visibility Study: This chapter is written by Sunday S. Akpan, Ph.D and Mfon N. U. Akpan, Ph.D and it begins with an overview of business planning followed by the relevance of business plan. In other to bring more clarity the writers carefully discussed the basic quality and content of a typical business plan. The concept of visibility study is also treated as well as its importance in a business.
Chapter Ten: Entrepreneurship Development in Nigeria: This chapter is written Mrs. Itoro M. Ikoh, Ph.D. and Emmanuel M. Ikpe, Ph.D. The chapter begins with exploring the history of entrepreneurship in Nigeria, followed by notable inspirational entrepreneurs like Aliko Dangote, Anyaebu Chidi etc.
Chapter Eleven: Women Entrepreneurship: This chapter is written by Prof. Uduak E. Joseph and Aniekan Uwah. It explores the role of women in entrepreneurship, what motivates them as well as their impact. The writers also highlighted some prominent women entrepreneurs like Folorinsho Alakija, Iyinoluwa Aboyeji etc.
Chapter Twelve: Youth Entrepreneurship: This chapter is written by Sunday S. Akpan, Ph.D. and Boniface C. Ekanem, It deals with the importance of youth entrepreneurship, the challenges and opportunities for young entrepreneur in Nigeria, key components of youth entrepreneurship programs as well as access to financing for young entrepreneurs.
Chapter Thirteen: Entrepreneurship Support Institutions: Government: This chapter is written by Raphael Etim, Ph.D. and Aniefiok Akpan, Ph.D. It takes a look at entrepreneurial support institutions from the governmental perspectives the following institutions are carefully looked at; Nigerian industrial development bank, Nigerian bank for commerce and industry etc.
Chapter Fourteen: Entrepreneurship Support Institutions: Non-Governmental: This chapter is written by Etim O. Osim, Ph.D. and Samuel S. Charlie, Ph.D. It looks at the various private institutions that supports entrepreneurship. Some of which are; the institute of classic entrepreneurs, association of micro entrepreneurs of Nigeria etc.
Chapter Fifteen: E-Commerce and Entrepreneurship: This chapter is written by Mrs Queensley C. Chukwudum, Ph.D. and Bassey Frank. The chapter focuses on e-commerce and entrepreneurship. The writer began by explaining the meaning of e-commerce as well as the fundamental principles of e-commerce.
Chapter Sixteen: Entrepreneurship Regulations and Related Laws in Nigeria: This chapter is written by Prof. Isaac A. Ayandele and Anietie P. Akpan, Ph.D. It looks keenly into some laws that govern entrepreneurship in Nigeria. E.g. the companies and allied matters act, the industrial development Act, the Nigerian Investment Promotion Commission Act etc.
Chapter Seventeen: Technopreneurship: This chapter is written by Sunday S. Akpan, Ph.D. and Aniefiok O. Akpan, Ph.D. it focuses on the use of technology in harnessing entrepreneurship. Emerging technologies like blockchain technology, cloud computing, renewable energy as well as digitalization and automation are well treated.
Chapter Eighteen: Contemporary Issues in Entrepreneurship: This chapter is written by Prof. Essien E. Akpanuko and Sunday O. Akpan, Ph.D. It examines contemporary issues faced by entrepreneurs, such as the availability of virtual offices, the Integration of mixed reality, and networking in entrepreneurship.
Evaluation
The book Entrepreneurship and Innovation is brilliantly finished. The book is well-organised, with chapters progressing logically from foundational topics to more advanced topics such as technological innovation, startup financing, to contemporary issues in entrepreneurship. Each chapter includes an introduction, summaries, business application, and references, hence enhancing comprehension and real-life application. From my observation, there are no weaknesses whatsoever
