コンテンツに飛ぶ | ナビゲーションに飛ぶ

  • 日本語
  • English
 
現在位置: ホーム シラバス(2019年度) 経営管理大学院 Specialized Subjects Venture Creation and Financing

Venture Creation and Financing

JA | EN

科目ナンバリング
  • P-MGT75 60455 LE44
開講年度・開講期 後期集中
授業形態 講義
配当学年 1.2
対象学生 Graduate
使用言語 英語
曜時限 集中
教員
  • Ant Bozkaya(経営管理大学院)
  • COLPAN,Meziyet Asli(経営管理大学院)
授業の概要・目的 Entrepreneurship is a crucial engine of global economic development. Future global leaders should understand this engine. High-impact entrepreneurship is worldwide and many ventures launch today with a presence in multiple countries from day one. The Venture Creation and Financing (VC&F) course focuses on the launch and financing of early-stage ventures. It aims to prepare future leaders to build and effectively finance successful new global ventures in today’s increasingly challenging business landscape. The course is designed to give students practical knowledge that will be helpful if they plan to own or manage a small business, provide consulting or financial services to these businesses, or invest in smaller businesses. We try to understand and take into account the often-implicit cultural assumptions that underlie and qualify the definition of opportunity, its realization in entrepreneurial ventures, and even in the definition of success and failure. We consider technology-based businesses, though the emphasis is on gaining insights into entrepreneurial management, not technology per se.
到達目標 The primary goal of VC&F is to increase the probability that students will sometime in their careers make “the entrepreneurial choice,” that is, decide to establish a new venture that addresses a global opportunity (e.g., global markets, global suppliers, global competitors, etc.). Yet building a start-up as a global business requires leaders with skills and strategy much different from their predecessors of even a generation ago. The second goal of VC&F is, once the choice is made, to increase the probability that the venture will grow and generate wealth―whether that wealth is personal, social, or both. Finally, VC&F will help students acquire the critical analytical skills to effectively assess opportunities and risks as well
 as to make sound investment and management decisions. Thus it aims to develop the visionary, yet pragmatic, leadership skills required to create a business and to inspire confidence at all stages of a new venture. Learning objectives include:
・Understand the concept of entrepreneurial leadership; introduce the stages of the entrepreneurial life cycle (define key activities and decisions associated with each stage).
・Understand the process entrepreneurs use to generate ideas and shape them into opportunities; examine approaches for converting a business model to a cash flow forecast.
・Understand how potential investors and other stakeholders evaluate a plan or pitch.
・Understand the opportunities and tradeoffs associated with assembling resources in a new venture; learn how to build an "ecosystem.
・Provide an overview of the entrepreneurial finance landscape and the traits of various financiers.
・Identify critical issues in new venture financing choices, such as whether VC investment aligns with their personal motivations.
授業計画と内容 The course is structured and will be delivered in two (2) sequential modules. The first module, “Venture Creation” focuses on launching new ventures. It starts with a discussion how turning a viable opportunity into a well-defined business. Limited resources often offset the great promise of new ventures. We consider how global leaders adjust their business model to these constraints. We further discuss the challenges and tasks confronting entrepreneurs. We attempt to address the imperatives confronting an entrepreneur such as evaluating opportunity and assembling resources beyond those currently controlled. We recapitulate course concepts by examining the typical earlier life-cycle of new ventures, considering the following possible lecture sessions:
・Becoming a Global Entrepreneurial Leader
・Recognizing and Shaping Opportunities—Value Proposition
・Pitching Opportunities
・Assembling Strategic Resource
The second module, “Financing New Ventures” considers how to finance a new venture. It introduces students to the key issues involved in the financing of entrepreneurial ventures. We address key issues faced by entrepreneurs: How much money should be raised at each stage; When should it be raised; We will then explore the financial infrastructure of smaller firms by examining financial institutions that specializes in funding smaller firms. We discuss boot-strapping with the option to raise external funds, as well as the traits of debt versus equity investment. Students learn about the different types of equity investors-including angels, venture capitalist (VCs), and strategic investors. Finally, we cover emerging funding models-such as crowdsourcing and accelerators--and the global aspects of entrepreneurial finance. We recapitulate course concepts by considering the following possible lecture sessions:
・Types of funding: The two major types of startup capital are equity funding and debt funding although there are a few hybrid flavors as well.
・Sources of funding: These include venture capital firms, angel investors, crowd-funding, and accelerators/incubators.
・What investors look for: Each source has a different funding process and set of criteria which you need to understand before seeking funding from that source.
成績評価の方法・観点 The final grade for this course will be based on:
・50% active class participation and write-ups
・50% final exam, individual work
履修要件 This is a graduate level business/management school course. Most of our class teaching and learning will be based on cases (HBS, 4-6, TBD) and will require students taking active participation. As implied above, students will be required to utilize all of the conceptual and analytic tools they have learned from marketing, finance, strategy, human resources management, negotiations, operations management, etc., in order to make effective class participation and learning.
授業外学習(予習・復習)等 ・Students will be assigned (4-6, TBD) cases for discussions in this class. 50% of your final grade will be based on active participation and individual pre-class one-page personal takeaway note (class write-up) for each case.
・For each case, please WRITE your personal takeaway that you derive and E-MAIL, ant at bozkaya.org before the CLASS STARTS! Remember that a takeaway is a personal rule of thumb for how you will or should behave or act or respond in a given situation in the future. This is usually 1 to 3 bullet points! It should be written in the prescriptive or imperative tone: “I should...” or “I will...” Include 1 or 2 sentence(s) explicitly for each bullet point how this takeaway is related to the case—so it shows clearly how your personal rule or prescription derives from the case or the sequel (outcome) to the case.
・The success of VC&F will be in engaging all of us as a learning class. The cases, exercises, lectures, and naturally, your classmates’ experience, all provide a unique opportunity for us to achieve the course mission, and of course, for all of us to learn a substantial amount.
・For the above reason, thorough preparation and active participation and learning in real time are absolutely essential. Students are expected to come to class having studied each case and assigned readings, thought about the assignment questions, completed any required exercises, and then be an active class participant. I will use the cold call method, as most of you have probably experienced. From my experience, it is important that you read the cases twice, once in advance, and once the evening before the session in which it is discussed. Note that many of the cases serve multiple purposes because they are all taken from real life and have more than one issue in them. So although I put them in a particular module, we will inevitably use each case for learning in other modules as well.
関連URL
  • https://cb.hbsp.harvard.edu/resources/marketing/docs/HisrichEntrepreneurshipMap1.pdf
  • https://cb.hbsp.harvard.edu/cbmp/pages/content/corecurriculumentrepreneurship