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Managing and Growing a New Business

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Objective:

This course focuses on growing a start-up and the problems encountered during the process. The course will equip the students to assess the opportunities, take stock of the resources and capitalize by leveraging the strengths of the business. Boosting growth through opportunities in marketing, finance, HR and inorganic growth strategies are examined in detail.

Reference Books Author Publication
Strategic Entrepreneurial Growth Donald F. Kuratko & Harold P Welch South-Western College
Small Business ManagementAn Entrepreneurial Emphasis Longenecker , Moore Pettr Thomson /South Western
Every Business is a Growth Business: How Your Company Can Prosper Year After Year Charan, Ram ; Tichy, Noel M. Times Business
Entrepreneurship : A Contemporary Approach Donald F. Kuratko & Richard M Hodgeth Thomson /South Western

Detailed Curriculum

Session1: Understanding the Concept of Growth

Dimensions of Business Growth and the Dynamics Involved, Different Growth Objectives, Steps for Managing Different Growth Objectives, Four Categories of Expansions.

Session 2: Risk and Strategies Involved

Founder's Syndrome (During the Tenure of Founder),Different risks faced during the growth stage, Strategies to Avoid those Risk.

Session 3: Franchising

Introduction to Franchising, Methods of Franchising, How Franchising Works,

Session 4: Franchising contd..

The Rights and Duties of :Franchisee & Franchisor, The Advantages & Disadvantages of Franchising for: Franchisee & Franchisor, Franchising in India.

Session 5: Case Discussion.

Session 6: Joint Ventures:

Introduction to Joint Venture, Steps In Forming a Joint Venture, Advantages and Disadvantages of Joint Ventures, Important Factors to be considered.

Session 7: Strategic Alliance

Understanding Strategic Alliance, Steps Involved in establishing a Strategic Alliance, Advantages and Disadvantages of Strategic Alliances, Reasons of Success and Failure of Strategic Alliances.

Session 8: Acquisitions

Advantages & Disadvantages of Buying An Existing Business, Steps in Acquiring a Business, Evaluation of an existing business, Methods for determining the value of a business. ;

Session 9: Global Opportunities for Entrepreneurs

Benefits of Going Global, Strategies for Going Global, The Procedure of Entering the Global Market, Barriers to International Trade, Essential Guidelines for being successful in the Global Market.

Session 10: Determining Financial Requirements

Assessing the need for capital, Guidelines for Financing Growth, Estimating Expansions Costs.

Session11: Obtaining Finance for Growth

Using Leverage as a Strategic tool, Pre-requisites for Obtaining Finance, Various Sources of Finance, Alternative Sources of Finance.

Session 12: Venture Capital Financing

The Concept & Need for Venture Capital, Steps for Selecting the Right Venture Capital Fund, Advantages and Disadvantages of Venture Capital, Venture Capital Industry In India.

Session 13: Managing and Improving Finances

Techniques for Improving Cash Flow, Techniques for Reducing Costs, Maintaining a strong credit and collection System, Maintaining a Perfect Accounting System.

Session 14: Case Discussion

Session 15: Motivating Personal

Steps to Hire the Right Employee, Guidelines for Motivating Employees, Building Successful Teams, Performance Evaluation (Uses, Methods & Mistakes).

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