Solutions for Entrepreneurship, Theory, Process, Practice, 12th Edition by Kuratko (All Chapters included)
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Course
Business finance
Institution
Business Finance
Complete Solutions Manual for Entrepreneurship, Theory, Process, Practice, 12th Edition by Donald F. Kuratko ; ISBN13: 9780357899502.....(Full Chapters included and organized in reverse order from Chapter 15 to 1)...1. Entrepreneurship: Evolutionary Development—Revolutionary Impact.
2. The Entre...
2. The Entrepreneurial Mind-Set in Individuals: Cognition, The Dark
Side, Ethics.
3. The Entrepreneurial Mind-Set in Organizations: Corporate
Entrepreneurship.
4. The Global Entrepreneurial Mindset: Social Entrepreneurship.
5. Innovation: The Creative Pursuit of Ideas.
6. Assessment of Entrepreneurial Opportunities.
7. Pathways to Entrepreneurial Ventures.
8. Sources of Capital for Entrepreneurs.
9. Legal Challenges for Entrepreneurial Ventures.
10. Marketing Challenges for Entrepreneurial Ventures.
11. Financial Preparation for Entrepreneurial Ventures.
12. Developing an Effective Business Plan.
13. Strategic Entrepreneurial Growth-Scaling.
14. Valuation of Entrepreneurial Ventures.
15. Harvesting the Entrepreneurial Venture.
,Solutions Manual organized in reverse order, with the last chapter displayed first,
to ensure that all chapters are included in this document.
(Complete Chapters included Ch15-1)
Instructor Manual
Donald F. Kuratko, Entrepreneurship: Theory, Process, Practice, 2024, 9780357899502;
Chapter 15: Harvesting the Entrepreneurial Venture
TABLE OF CONTENTS
Purpose and Perspective of the Chapter .............................................................................................2
Chapter Objectives.............................................................................................................................2
Complete List of Chapter Activities and Assessments ..........................................................................2
Key Terms ..........................................................................................................................................3
What’s New in This Chapter ...............................................................................................................4
Chapter Outline .................................................................................................................................4
Suggested Answers For Review And Discussion Questions (End-Of-Chapter)...................................... 11
1
, PURPOSE AND PERSPECTIVE OF THE CHAPTER
This chapter focuses on the harvesting of the venture. Beginning with the issue of management
succession as one of the greatest challenges for entrepreneurs, a number of considerations that affect
succession are discussed, with privately held firms as the focal point in this chapter. Two types of
successors exist: An entrepreneurial successor provides innovative ideas for new-product development,
whereas a managerial successor provides stability for day-to-day operations. An entrepreneur may
search inside or outside the family as well as inside or outside the business.
Developing a succession plan involves understanding these important contextual aspects: time, type of
venture, capabilities of managers, the entrepreneur’s vision, and environmental factors. Also, forcing
events may require the implementation of a succession plan, regardless of whether or not the firm is
ready to implement one. The chapter closes with a discussion of the entrepreneur’s decision to sell out.
The process was viewed as a method to “harvest” the investment, and eight specific steps are presented
for entrepreneurs to follow.
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CHAPTER OBJECTIVES
The following objectives are addressed in this chapter:
15.1 Discuss the concept of “harvest” as a plan for the future.
15.2 Explain the key factors in the management succession of a venture.
15.3 Identify some of the most important sources of succession.
15.4 Explain the potential impact of regulations on family business succession.
15.5 Outline the ways to develop a succession strategy.
15.6 Describe the specifics of an initial public offering (IPO) as a potential harvest strategy.
15.7 Discuss “selling out” as a final alternative in the harvest strategy.
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COMPLETE LIST OF CHAPTER ACTIVITIES AND ASSESSMENTS
The following table organizes activities and assessments by objective, so that you can see how all this
content relates to objectives and make decisions about which content you would like to emphasize in
your class based on your objectives. For additional guidance, refer to the Teaching Online Guide.
Chapter Activity/Assessment Source (i.e., PPT Duration Certification
Objective slide, Workbook) Standard
LO15.1 Harvesting the venture: A focus Page 417 (of text) 5 minutes
on the future
LO15.2 The management succession Page 417 (of text) 5 minutes
strategy
LO15.2 Group activity 15-1 Slide 10 of PPT 5 minutes
LO15.3 Sources of Succession Page 421 (of text) 5 minutes
2
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