Concept of Education Essay

raising involve re doing of entire mortal to change them non scarcely to read, write and calculate or to be proficient in a presumptuousness job but as well as to enable them to equal themselves for living in the federation, thitherfore, it is the prep atomic number 18dness of a person intellectu every last(predicate)y, morally and physically. It is in addition an instruwork forcet for social victimisation or social reform through sepa drift cultivation, precept is a companion, it chastens vice and it guide virtues.Unarguably, genteelness provides the means through which spring chickens atomic number 18 in organise in the aspects of living which atomic number 18 necessary for a apt and successful c ber. These aspects are the vocational and consumer aspect. didactics is characterized with the adjacent utilisations in the society a. To develop social and respective(prenominal) efficiency. b. It order at self fulfillment or realizations c. It prepare and t rain young people for the problems, tasks and void as they exist today and can be for seen tomorrow. d.It develops the full potentialities of every child. e. It ingests people critical and imaginative. temperament OF ENTRPRENEURSHIP Different individuals view enterprisership in different way, economist see it as an essential investment investment comp anys generating opportwholeies, sociologist as an instigator in modernization of societies, Psychologist see him as an enterpriserial man and try to decipher him as a character of economic schooling and the semi governmental scientists consider him as a child of political corpse (Bard i and Bard I 2005). attemptr possesses the on a haplesser floormentioned features 1. Innovation 2. Function of high achievement. 3. feign-up building function. 4. Gap filling function. 5. Function of managerial Skills and go onership. Who is an enterpriser? enterpriser is a person who undertakes an enterprise acting as an intermediary amongst seat of government and labour. It is an individual who through a dint of work, grow a example from fruition to a lusty venture. An Entrepreneur must possess the following characteristics they are 1. guarded risk winning. 2. Problem solver. 3. Goal destinyting. 4. Team detergent builder and motivator 5. Communication skills. 6. Good Human relation. classification OF entrepreneur. a. The Innovation Entrepreneur. b. The Initiative Entrepreneur. c. The Fabian Entrepreneur. d. The Drone Entrepreneur. peculiarity BETWEEN AN ENTREPRENEUR AND MANAGER It is a parking lot fact that people mistakes Entrepreneur for professional manager, who is plant by the organization and p attend to while an Entrepreneur is not a paid manager.How be it, an entrepreneur is greatly motivated to survive his new headache and also manage it successfully, he is the investor and takes risks in the enterprise. He is an innovator and a manager and works for his cheer and he is happy to stand po sitive results, an entrepreneur appoints a manager to carry out virtually of his functions, whereas the reverse is not true, an entrepreneur may also actualize duties of manager in getting through with(p) his creative activities and satisfying need of achievement. CONCEPT OF ENTREPRENEURSHIP fostering.The linked States Colorado educators, cited in Osuala (2004) defined Entrepreneurship procreation as a programme or part of the development programme that prepares individual to undertake the information and doing of a pure handicraft enterprise, Entrepreneurship education involves a change training given to students of vocational business education to enable them acquire the skills, ideas and managerial abilities and capabilities for self physical exercise rather than being employed, the aim of entrepreneurship education is to shape up and train the recipients to create self employmentopportunities for themselves through developing new businesses. In this direction, En trepreneurship Education is the key agent in the development of military personnel creative and innovative talents in business. OBJECTIVE OF ENTREPRENEURSHIP upbringing Here under are the objectives for entrepreneurship education 1. grant down with passable training that will desexualise them to be creative. 2. turn in subaltern and medium sizing companies with the opportunity to recruit graduates who will receive training in skills relevant to the management of small business. 3.Provide the graduates with enough training in skills that will make them meet the man indicant needs of the society. 4. Provide the graduates with enough training in risk management to make uncertain by bearing possible and well-heeled. 5. chevy industrial and economic growth of rural and slight developed areas. UN troth AMONG GRADUATES * Unemployment is a state of joblessness or faineance of one with labour requirements, potentials, skills, attitudes and competencies (Bosah 1987). * It is a commo n phenomenon among graduate hence the need for entrepreneurship education, so as to debase if not eradicated.This is because unemployment has caused much havoc in our society today ranging from mental health, health disease, crime and violence, self-annihilation theme and even poverty. * The word want has been multifariously perceived by umpteen scholars. It could be uttered as the inability to secure for oneself the basic necessities of spirit. impoverishment is one of the intimately common characteristics of majority of Nigeria today. * Poverty can be reduced through the following strategies a. Promoting opportunity. b. Facilitating Empowerment. c. Enhancing security.* CONCEPT OF APPRENTICESHIP * Apprenticeship system can be handily defined as the learning of an art, trade or oppositewise callings by practical experience under the steering of a master craft man. It involves dodging for acquiring occupational skills necessary for entrepreneurial development in our soci ety. In Nigeria, Apprenticeship system is responsible for the production of most self employed artisans who call for been contend significant role in keeping the terra firmas wheel of progress and economic activities on the move.It has for a long time constituted the chief(prenominal) source of skill acquisition and development in very many trades including clothing and textiles. Till date, this system rebrinys one of the gateways to escaping the scourge of poverty and the licking of unemployment among youths in our society. * Problems Associated With Apprenticement A. The system is highly restricted to a particular trade. B. neglect of Admission Regulation. C. Vagueness of objectives. D. Lack of uniformity. E. Lack of statutory supervisory body. * NATIONAL DIRECTORATE OF EMPLOYMENT (NDE).* The National Directorate of Employment is an entrepreneurial training programme was established in 1986 and statutorily mandated by decree No 24 of 1989 to among others, design and fulfil programmes to combat mass unemployment and articulate policies aimed at developing poverty work programmes with labour intensive potentials. The directorate is meant to tackle employment and poverty problems in both the short and the long term perspective by formulating and administering job creation as well as self employment related training programmess NDE (2000).* To perform these statutory functions, the directorate launched four well conjugationt training and employment generation programmes in 1987, these embroil a. vocational training. b. Business training. c. rearing for rural employment. d. Training for labour based work programme. * CONCEPT OF vocational TECHNICAL EDUCATION * Vocational Technical Education is a comprehensive term referring to the educational serve where it involves, in addition to general education, the study of technologies and related sciences and the acquisition of practical skills and knowledge relating to occupations in different sectors of eco nomicand social life.* The major occupation areas of vocational technical education are as follows a. Vocational agriculture b. Vocational business and office occupation. c. divided education. d. Vocational home economics education. e. Technical education. * OBJECTIVES OF vocational TECHNICAL EDUCATION a. To prepare the learner for institution in employment and advancement in his elect career. b. To meet the Manpower needs of the society. c. To increase the options ready(prenominal) to each student. d. To serve as a motivation force to enhance all types of learning. e.To enable the recipients to wisely select a career. * CHALLENGES OF VOCATIONAL TECHNICAL EDUCATION IN NIGERIA * Vocational Technical Education in Nigeria today is challenged by numerous problems, they are a. commonsensible number of private sector enterprises is not technically or skillfully driven. b. on that point is abject low level of attraction to technical and vocational education. c. suffering wage in voca tional areas discourages individuals. d. Parents mostly encourage or have preference for courses that would enable their wards take white collar jobs or graduation. e.Equipment and Infrastructure are inadequate technical and vocational institutions and training centers. * REMEDIES TO THE CHALLENGES a. mitigate the profile of education and vocational education in particular. b. Increase investment in technical and vocational education delivery system whether at the school, the specialized colleges and within the firm. c. Encourage private sector investment in in-service technical and vocational education. d. Governments, particularly at the latter stages of their engagement with the technical and vocational education focused on growing the economy. * CONCEPT OF dispersion IN ENTRPRENEURSHIP.* Entrepreneurs play a vital role in the steer of dispersal both by action and by the virtue of their business activities. * diffusion functions provide viable entrepreneurial opportunities. The contacts, the retailers and business agents are altogether entrepreneurs by their respective business activities and operation. dispersion is an essential aspect of marketing and as such(prenominal) forms part of the inevitable activities in marketing, therefore having an utile channel of distribution is one of the surest strategies that could help entrepreneurs pull ahead or survive in their business.* CHANNEL OF distribution * Channel of distribution defines the various openings and outlets through which entrepreneurs products get into the hands of the final consumers that is without the channel of distribution, the product cannot reach the final consumer and this will bushel the standard of living. * CHAIN OF DISTRIBUTION * Producer wholesaler retailer consumer. * Functions of each of them in the chain of distribution * The Producer the producer is also known as the manufacturer, He manufactures the acceptables or product which is distributed to the consumer.* The Wholesaler He is a bulk purchaser that buys of the produce in large quantity and sell in to the retailer in small quantity or unit, His functions embroil 1. Financing of production or Distribution. 2. Warehousing of Goods. 3. Channeling of Information. 4. readying of Goods for Sale. * The Retailer He buys from the wholesaler in small unit and sell to the consumer in smaller unit His functions include 1. Stocking of a great variety of goods. 2. render of goods at accessible spots. 3. Information and guidance to the consumer. 4. overlap of risks. 5. Financing of consumption.* TYPES OF AGENTS * Agents is a middle man between the channel of distribution for a firms products, Included among the types are 1. Universal Agent. 2. General Agent. 3. fussy Agent. 4. Delcredere Agent. 5. Factors Agent. 6. Brokers. 7. Forwarding and clearing Agents. 8. The Auctioneer. * TERMINATION OF AGENCY f etc. * An agency contract can be end if the following happen 1. Bankruptcy of either party. 2. end of either party. 3. Insanity of the principal or the agent. 4. The opening of war between the countries of the dickens parties. * THE SOLE ENTREPRENEURSHIP transmission line.* These are business venture and organizations set up, owned and perhaps managed by their possessors, their start-up is as a result of the creative and Innovative ideas of the entrepreneur, which has been trans create or translated into an enterprise for the purposes of make profit. In most cases, this business is usually financed, managed, controlled and say by one person usually the owner (entrepreneur). * FEATURES OF A SOLE ENTREPRENEURSHIP BUSINESS a. Profit maximisation objective. b. Ownership is usually personal. c. Start-up detonating device is usually embossed by the entrepreneur. d.The mend entrepreneur bears all the risks of his business. e. The life span of the business depends on the choice of the entrepreneur as the enterprise can fold up at any time. f. Meager capital. * ADVANTAGES O F SOLE ENTREPRENEURSHIP BUSINESS a. It requires small capital for start-up. b. Quick decision making. c. It is easy to manage. d. There is high level of secrecy in unscramblening the business. e. The sole entrepreneur maintains close cogitate with his customers, assistants or employees and therefrom can easily station their needs. * DISADVANTAGES OF SOLE ENTREPRENEURSHIP BUSINESS a. The sole entrepreneur bears all the risks of his business.b. The business suffers the problems of expansion referable to special depot or finance. c. The death of the owner may lead to the end of the business. * coalition ENTREPRENEUR BUSINESS * It is a type of business organization in which two or twenty associates agree effectually to set up and manage a business ventures with the sole motive of making profits and losses together. * FEATURES OF PARTNERSHIP BUSINESS a. It is own jointly by abetter _or_ abettors b. Its main objective is for profit making. c. The start-up capital is usually bro caded by partners. d. The life span of the partnership parade depends on the agreement of the involved partners.* ADVANTAGES OF PARTNERSHIP ENTREPRENEUR BUSINESS 1. It have to a greater extent financial stand as members pool together to raise fund for the business. 2. The risk of business is jointly luckd. 3. It has better view for management as members pool their managerial skills and abilities to hang in the business. 4. It also have better prospect for continuity and expansion. 5. High level of commitment and participation by all partners. * DISADVANTAGES OF PARTNERSHIP ENTREPRENEUR BUSINESS 1. There is the possibility that disagreement among partners can put the business to an end. 2.Laxity in the operation of one partner can affect the entire operation thus leading to inefficiency. 3. Conflict of opinion or reside among partners can equally frustrate or sabotage the management of the business. 4. The action of one reckless partner can pose much danger to the individual partners and the business itself. * PARTNERSHIP DEED * It is the rules and regulation establishment the partners who are in partnership, usually giving the expatiate of arrangement on investment pattern, profit overlap ratio, role and responsibilities of each partner. DUTIES OF PARTNERS.The rights and duties of partners are as follows a. whole partners must work hard with sincerity and truthfulness for common objectives of the company. b. One partner should not start the same business in the some other business name to avoid unhealthy competition. c. all(a) payment receivable and payable should be make in the company name only and not in any individuals name. d. There should be trueness and clarity of cash-flow on accounts. e. Both working and non-working kinfolk of partners should exchange information pertaining the business. DISSOLUTION OF PARTNERSHIP.Since partnership is formed with an agreement, it can be also be fade away with another agreement, the dissolution can be d ue to one or more(prenominal) of the following reasons, 1. At the expiration of the period of partnership. 2. Death or sezession one of the partners. 3. When there is a court or government order for dissolution. 4. Due to one or more partner misusing fund 5. In case of permanent incapacity, lunacy or grass bungle of one or more partners. JOINT shop A Joint stock company is associations of individuals called shareholders, who join together for profit and shares that are transferable for carrying any business activity.FEATURES OF JOINT STOCK 1. Distinct legal entity. 2. Liability of members. 3. Perpetual succession. 4. Separation of ownership. 5. Authority. PRIVATE bound COMPANY These are company formed by the group of person who pool the fund with the aim of making profit. It is registered with registrar of joint stock companies. It is formed by stripped of 2 and maximum of 50 persons. There is no cosmos allotment of shares and debentures. exoteric LIMITED COMPANY In this com pany, the minimum shareholders are 7 and no maximum limit of share holders, shares can be transferred to anybody.A public limited company has to come out a prospectus to the public and allot shares within 180 days of the issue of prospectus, and annual general meeting has to be staged to inform the performance aspects and financial details to be posted in advance to all the shareholders. CO-OPERATIVE ENTERPRISES Co-operative societies are started basically to avoid exploitations by middle men, it possess the following characteristics 1. It has combined features of partnership, companies and Joint stock companies. 2. assemble members are shareholder and share the profit. 3.All shareholders are equal and there is no concentration of wealth and power in few hands. 4. It is managed on minimum or no profits to help members get commodities at lesser than market rates. Examples of co0operative are 1. Consumer co-operative society. 2. sodbusters co-operative society. 3. Co-operative hous ing society. 4. Co-operative diary. 5. Co-operative banks. ADVANTAGES OF CO-OPERATIVES A. Common man is benefited by way of getting essential commodities at apt prices. B. Hoarding, black marketing is avoided. C. The cost advantages are divided by members. DISADVANTAGES OF CO-OPERATIVES A.Though office bearers are elected, there could be possibility of non-involvement and hence inefficiency. B. close to members in high position may rank the office bearers. C. Routine check and verification on quality is difficult due to some other occupation of office bearers. CONCEPT OF WOMEN ENTREPRENEUR Women have been identified as key agents sustainable development and the comprise half of human resources. Women Entrepreneurship is further defined as an enterprise owned and controlled by women having a minimum financial interest of 51% of the capital and giving at least 51% of employment generated in the enterprise of women.Women entrepreneurship option includes 1. Special bedspreads making . 2. embroidery and apparel designs. 3. Catering services. 4. Hair dressing. 5. Photographic studio. compartmentalization AND DESCRIPTION OF WOMEN ENTRPRENEURS A. Affluent Women Entrepreneur. B. Pull Factors Women Entrepreneurs. C. Rural Women Entrepreneurs. D. self Employed Women Entrepreneurs. PROBLEMS OF WOMEN ENTREPRENEURS 1. In a male overriding society, women are sometimes discouraged because some men believe that it is big risk financing the ventures run by women. 2. pecuniary Institution are atheistical about the entrepreneurial abilities of women. 3. Womens family obligation also bar them becoming and developing nations. 4. Women give more emphasis to family ties and relationship. 5. Low level risk taking attitude. 6. HOW TO DEVELOP WOMEN ENTREPRENEURS 1. Encouraging womens participation in decision-making. 2. Better educational facilities. 3. Counseling through the aid of committed NGOs, Psychologist, managerial experts and technical personal. 4. Activities in which w omen are trained should focus on their marketability and profitability. 5.Financial and expertise assistance should be given to women entrepreneurs. younker Entrepreneurship provement Objectives of Youth Entrepreneurship Development 1. To develop entrepreneurship notion among youths in the country. 2. To generate employment opportunities for youths. 3. To assist Nigerian graduates to secure means of lively hood in the absence of paid employment. 4. To redirect the wasting of energies of our youths to more productive venture. 5. To assist to reduce the crime rate and incidence of social vises like armed robbery, kidnapping, thuggery etc. among our youths.Entrepreneurship Counseling Entrepreneurial counseling is quite a new area in the field of guidance and counseling the youths in our society must be properly channeled, guided and assisted so as to imbibe a good life/ good conduct, a productive and rewarding economic life through little-business start-up efforts. Entrepreneurial counseling services (a). donnish counseling services (b). vocational counseling services. (c). occupational counseling. (d). Skill acquisition counseling. (e). Self employment counseling. Entrepreneurship and small scale business enterprises.Sometimes, entrepreneurship development is perceived as synonymous with small scale business, conceptually, they are not the same. Entrepreneurship is related to small scale business only by structure relevance. For a graduate to run an entrepreneur, he or she must 1) . Develop a specific entrepreneurial skill. 2) . Develop motivation skills. 3) . Develop business skills. 4) . Develop financial literacy skill. 5) Acquire data processor and information technology skills. Lesson from Ghana In Ghana, the most entrepreneurs cease operation at mainly the micro level and less than 5% of large businesses are Ghanaian owed.Another characteristic of Ghana entrepreneur situation is the alarming segment of entrepreneurs in the everyday sector. The info rmal sector of Ghana is made up of about 90% of the working population (Baah and Achakoma, 2007). In Ghana about 48% represent the youth population which is from age 15-35 years of age. Like many African countries, Ghanas population is pretty youthful (Baah, 2007). * Entrepreneurship in china used to be an oxymoron, but after the communist rose to power in 1949, Chinas existing market economy was gradually transformed into a collectivist economy. * *.