LibGuides: MGT481: Module 4

Module 4 Required Resources

Textbook

Access your textbook via the Bookshelf tab in the top navigation bar of your course.

Entrepreneurship by Donald F. Kuratko
ISBN: 9780357899502

Publication Date: 2023-04-06

Explore Kuratko's 12th Edition of "ENTREPRENEURSHIP: THEORY, PROCESS, PRACTICE" for a practical, step-by-step approach to mastering the entrepreneurial mindset and successful processes, including trending topics like design innovation and bootstrapping. The accompanying MindTap™ Learning Suite offers hands-on activities to sharpen your entrepreneurial skills, guiding you to become a future industry leader.

Chapter 13 – Strategic Entrepreneurial Growth: Scaling
This chapter is important because it discusses the many ways to strategically plan a venture. There is specifically one element that all strategies have in common: the entrepreneur’s vision put into action. Strategic planning has many benefits even though entrepreneurs lack time and sometimes knowledge to implement strategic planning. Studies show that companies using strategic planning have better financial performance and include more efficient resource allocation, improved position in the market, higher employee morale, and faster decision making. (Kuratko, 2024)

Chapter 14 – Valuation of Entrepreneurial Ventures
This chapter is important since it covers how to value a business for purchase or sale. This is very important for a business owner to know and understand. There are a few approaches to value a company. A checklist is provided in the chapter with 10 methods for valuation. Some factors to consider are start-up costs, accuracy of projections, and control factors. (Kuratko, 2024)

Chapter 15 – Harvesting the Entrepreneurial Venture
This chapter is interesting and important because it focuses on succession planning for the company. This is one of the greatest challenges for owners. Deciding who will continue as key decision makers are focal points for an entrepreneur. The transfer of power is a critical issue and timing can be a strategic plan. There is a case study to review that includes legal issues of nepotism and discrimination. Also, decisions may be made to sell out.

Articles

Decision-Making Style in Entrepreneurial Finance and Growth
Cohen, L., Wirtz, P., (2022) Decision-Making Style in Entrepreneurial Finance and Growth. Small Business Economics. Vol 59. (1). Pages 183-210.

This article highlights the critical role of matching decision-making styles between entrepreneurs, business angels (BAs), and venture capitalists (VCs) in determining the growth trajectory of ventures, emphasizing that aligning predictive decision-making styles among these parties can significantly boost venture growth.
Do Business Records Management Affect Business Growth?
Mintah, C. Gabir, M. Aloo, F., & Ofori, E.K., (2022) Do Business Records Management Affect Business Growth? PloS One. Vol 17. (3), 1-21. DOI: 10.1371/journal.pone.0264135

This video is important because it conveys how effective records management can directly contribute to their business growth, strategic decision-making, and long-term viability, ultimately enhancing their chances of success and expansion.
Specialization in the Marketplace for Ideas
Wang. S., Macy. M., & Nee, V., (2023) Specialization in the Marketplace for Ideas. PloS ONE. Vol. 18. (10). Pages 1-18. DOI: 10.1371/journal.pone.0293355

This study underscores the pivotal role of aligning decision-making styles between entrepreneurs, business angels (BAs), and venture capitalists (VCs) in determining the growth trajectory of ventures, emphasizing that matching predictive decision-making styles fosters mutual understanding and communication, leading to ambitious growth targets, while mismatches may restrict ventures to moderate growth paths, thus offering practical insights for entrepreneurs and investors in navigating funding strategies and assessing cognitive profiles.