What Harvard is Teaching MBAs About Acquisition Entrepreneurship скачать в хорошем качестве

What Harvard is Teaching MBAs About Acquisition Entrepreneurship

For decades, Harvard’s MBA program has been primarily focused on the traditional model of entrepreneurship. In the past 6 years an elective course on the acquisition of established businesses has been attracting as many as 30% of the program's candidates. We had the pleasure of sitting down with Royce Yudkoff, who teaches the course “Entrepreneurship For Acquisition”  at Harvard Business School’s MBA program. Here at Quiet Light we’ve also had the honor of collaborating on the course for the past 5 years. Today, we delve into the details of how Harvard is sending experienced professionals out into the business acquisition marketplace with hands-on experience that is invaluable to their success. The trend toward real-life marketplace experience as a replacement for textbooks has taken hold in Harvard’s MBA program. These case-study and field guide learning modules are teaching candidates the key ways to enter and be successful in the acquisition arena. The course Royce teaches alongside Professor Richard Ruback is focused on how to screen potential acquisition targets, do the financing, negotiate the typical deal terms, and do due diligence when buying a small business. Episode Highlights: Harvard MBAs are on average 28-35 years old so all they come into the program with professional experience. The course works with real life companies and case studies so students learn about how companies succeed in buying existing businesses. The course follows the entire arc of buying a small business from the search, to the financing, through due diligence, and up to the transition of ownership. The participants are learning how weaving good business practices from the very start of the process leads to better chances of ROI and growth. Royce explains how the candidates are taught the best financial practices for buying for a business, whether through traditional bank or private equity investment. The course follows students through the program and beyond by performing surveys and gathering statistics on success rates for those who go on to acquire companies. Royce shares the single most common contributor to the success and non-success in the search and acquisition process and what he advises all buyers to look for in a potentially successful business.