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A central theme of the course is the entrepreneurial environment , which includes both internal and external variables.

Grace knew the risks and hazards of the Nigerian entrepreneurial landscape. To mitigate financial risk , she didn't buy 500 lamps at once. She started with 10, testing her "business concept" (as defined by UNIDO) with a small group of trusted traders. When she realized some traders struggled with the upfront cost, she adapted her mechanism to a daily rental model—a classic adaptive mechanism to her specific environment. ent102pdf