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UNIT 1
               MODULE 2:  THE ENTREPRENEURIAL PROCESS (cont’d)


                       (e)    employee share ownership plan (ESOP);

                       (f)    liquidate (Shut down) venture;


                       (g)    selling the venture;

                       (h)    management buy-out (MBO); and,


                       (i)    mergers and acquisitions.

               Exit Strategies: Note that exit strategies (including selling the venture, liquidation, mergers,
               acquisitions and management buyout) can be part of a harvesting plan.


               Suggested Teaching and Learning Activities

               To facilitate students’ attainment of the objectives in this Module, teachers are encouraged to engage
               students in the following teaching and learning activities.

               1.      Use any of the methods of idea generation to develop an idea for a venture.

               2.      Evaluate  the  environment  to  determine  whether  opportunity  exist  for  pursuing  a  chosen
                       venture.

               3.      Present a simulated activity which incorporates the entrepreneurial process.

               4.      Invite entrepreneurs and resource persons from the business environment as guest lecturers.

               RESOURCES

               Texts:

                                                                              nd
               Bessant, J. , and J. Tidd      Innovation  and  Entrepreneurship,  2   Edition.  New  Jersey:  John
                                             Wiley and Sons, 2011.

                                                                                        th
               Kuratko, Donald F.            Entrepreneurship:  Theory,  Process,  Practice  9   Edition.  Mason,
                                             Ohio: South-Western Cengage Learning, 2011.

               WEBSITES

               Oklahoma State University (Experiential Class room): HTTP://Enterpreneurship.OKSTATE.EDU
               Indiana State University - http://www.entrepreneur.com/colleges/school/1022665.html

               ACADEMIC JOURNALS:

               Journal of Entrepreneurship Theory and Practice
               Journal of Small Business and Entrepreneurship
               International Journal of Entrepreneurship and Innovation



                                  CXC A31/U2/13           14                                 www.cxc.org
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