Week%207 - Planning Week9 ManagementTeam Risk Financials...

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Business and New Venture Planning Week 9 Management Team Risk Financials
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2 Management Team  n Management team  personnel n Management team  ownership and  compensation n Common mistakes  to avoid
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3 Management Team Personnel  n Brief profile of each member of the  management team n Title n Duties and responsibilities n Previous industry and related experience n Previous successes n Education background Michael J. Fister    President and Chief Executive Officer   Mike Fister is President and Chief Executive Officer. Prior to  joining, he spent 17 years at Intel Corporation, where he was most  recently Senior Vice President and General Manager of the  company’s Enterprise Platforms Group. 
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4 Common Mistakes n Placing unqualified friends in  key management positions n Assuming that previous  success in other industries  translates to one’s own industry n Presenting a one-man team  philosophy n Hiring top managers without  sharing ownership in the firm n Not disclosing management  team skill or competency gaps n Vague or unclear plans for filling  the skill or competency gaps
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5 Board of Directors Board of Directors  is a panel of individuals who  are elected by a corporation's shareholders to  oversee the management of the firm
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6 Board of Advisors and Other  Professionals n Board of advisors n Panel of experts who are  asked by a firm’s managers  to provide counsel and  advice on an ongoing basis n Other professionals n Attorneys and accountants
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7 Hiring Plan n Focus in plan narrative on key hires n Developers (technology) n Teachers (day care) n Store managers (retail) n In financials, need to account for all  hires in planning period n Salary n Payroll taxes n Benefits (if any)
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8 What is risk? n Uncertainty regarding a loss n Pure risk n Speculative risk n Management or operational factors n Market trends n Changing technology n Government regulations n Competitor or supplier power
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9 Static pure risk n Physical damage to assets n Fraud and crime n Adverse legal judgments n Damage to property of others n Death or disability of owner(s)
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10 Dynamic speculative risk n Competitors try to lock you out n Suppliers don’t deliver what you  need n Target market changes its mind n Government regulates your industry n Technology  n Doesn’t get developed on time n Fails n Changes
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11 Dynamic speculative risk n Marketing material is too optimistic n Your CFO runs off with your money n Production can’t meet demand
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  • Spring '12
  • RuoDu
  • Expense, Generally Accepted Accounting Principles, Earnings before interest and taxes, Net Sales, management team, Earnings before interest, taxes, depreciation and amortization

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