ent422: the role of entrepreneurship in value creation in large and small enterprises lecture 5

ENT422: ENT422: The Role of Entrepreneurship The Role of Entrepreneurship in Value Creation in Large and in Value Creation in Large and

Small EnterprisesSmall Enterprises

Lecture 5Lecture 5

Guest Speaker: Ken Greene CEO, Brugger’s Bagel Bakeries

Case due answering the following questions:

If you were Ken Greene, what would your decision tree look like when deciding whether or not to acquire Great Northern?

What value was created for Ken and his management team through the Great Northern acquisition?

What benefit did Rob and Chris Desino gain from the transaction?

Describe one action that you believe Ken Greene should perform after the acquisition to help facilitate the success of Great Northern.

Workshop

Exercises 1 & 2 should be completed. If time permits, questions/observations are welcome.

We will devote class time to be certain that Exercises 3 – 5 are understood. They should be completed by next week.

Guest Speaker on October 19

David HesslerEntrepreneur in Residence

High Technology of Rochester

Topic: The Importance of Finance

and Assembling a Team

Assignment for October 19

Readings: Baron, Chap. 5 Assembling a Team; Chap. 6 Financing New Ventures

Lecture: The Timmons Model of the Entrepreneurial Process Recommended reading: New Venture Creation, Timmons, Chap 3 The Entrepreneurial Process

Case Due: Stegmart (Baron Pg. 378). The report should be individually prepared, typewritten and consist of pro forma income statements, balance sheets and cash flow statements for the first three years of the company. The case will be discussed in class.

Workshop:- Exercises 3 -5 should be completed. Questions and comments welcome.

- We will devote class time to be certain that Exercise 6 is understood. It is to be handed in next week.