Page 19 - THE CARIBBEAN ADVANCED PROFICIENCY EXAMINATIONS

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