I expect approximately 3 double-spaced typed pages FOR EACH QUESTION to give you a sense of the detail.

1. Factors to Consider in Building One’s Business and Going After Funding – Comment on each of the following in this set of factors regarding financing of a venture. How does this influence the multiple business decisions the entrepreneur has to make?  What areas of the business are affected by each of the factors in the list below (Areas of the business might include: finance, sources of funds – debt versus equity, marketing, human resources, team and individual, operations, legal, competition, business model, ethics, etc.)

 

Factors to address:

-entrepreneur’s need for control

-how much money is needed

-bargaining positions of the entrepreneur versus the financier

-entrepreneur’s risk profile (or comfort with risk)

-risk surrounding the venture

-upside potential of the venture

-how quickly return and potential will be realized

-industry and technology involved (how mature and established)

-external environment (social, technological, economic, environmental and political)

 

2. What is the role of social responsibility in a company? What are some ways a company can demonstrate social responsibility? List pros and cons for establishing a socially responsible culture in an entrepreneurial organization. What role does one’s personal values play in choosing a policy on social responsibility for one’s company?  Define ethics. How is ethics different from social responsibility? What are some ways a company can act ethically, and what are the tradeoffs a company may have to make if it decides to take a strong stand on each of those policies? Give 4 examples.

 

3. Creation of value is a central concept in entrepreneurship. Discuss how an entrepreneur creates value in a company. Think about a business over its lifecycle and the differences in the strategies that an entrepreneur uses at each stage to maximize the value of the company.  For whom is value created (think broadly about the multiple stakeholders) and how and when is the value realized for each of the stakeholder groups.  (Address how areas of the business might be used to create value and include: finance, sources of funds – debt versus equity, marketing, human resources, team and individuals, operations, legal, competition, business model, ethics, etc.)

 

What are some of these value-enhancing strategies for the following points in the lifecycle:

• Early stage start up – product development
• Getting into production
• Mid-life in the company – operating and generating revenue
• Later stage, approaching harvest

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