ENT 500 Chapter 15: Longnecker Textbook-Chapter 15
16 Aug 2015
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Chapter 15 - managing growing firms and exit. Business development bank of canada - bdc. Management consultants: two broad areas of services: Helping improve productivity/prevent trouble by anticipating and eliminating its causes. Helping a client get out of trouble: networking: the process of developing and engaging in mutually bene cial business. Others: bankers, chartered accountants, lawyers, insurance agents, suppliers, trade associations, and chambers of commerce provide management assistance. Harvesting: exit process used by the entrepreneurs and investors to reap the value of a business when they get out of it. The process involves: capturing value (cash value, reducing risk, creating future options. Pass to next generation or hire managers to reduce personal involvement. A written succession plan will address: identify future managers and leaders. Wednesday, november 12, 2014: how to assess potential candidates, monitoring process, training and declaration of a successor, timeline, operational and tax issues.
