ManagementInternational EditionNEWENTREPRENEURIAL SMALL BUSINESSBy Jerry Katz, St Louis University2007 (December 2005) / 672 pagesISBN-13: 978-0-07-296798-2 / MHID: 0-07-296798-6ISBN-13: 978-0-07-325795-2 / MHID: 0-07-325795-8(with Student CD and OLC)ISBN-13: 978-0-07-110856-0 / MHID: 0-07-110856-4[IE with OLC and Premium Card]Website: http://www.mhhe.com/katzesbThis book is geared to give students a clear vision of small businessas it really is today. It focuses on the kinds of businessesthat students might actually start, instead of giving informationabout high growth firms. The goals of the companies describedin this text are personal independence with financial security,not market dominance with extreme wealth. Traditional beliefsand models in small business are discussed, as well as the latestfindings and best practices from academic and consulting arenas.ESB recognizes the distinction between entrepreneurs who aimto start the successor to Amazon.com or the pizza place on thecorner and focuses on the challenges facing entrepreneurs, whilekeeping focused on the small businesses they plan to create orenter. Most postsecondary school graduates are now startingsmall business, not high-growth or high-tech entrepreneurialfirms. This book addresses the need to focus on the distinctivenature of small business.FEATURES• Entrepreneurial Small <strong>Business</strong> focuses on the reality of how smallbusinesses get started by including a separate chapter on part-timebusinesses, Chapter 5: Paths to Part-Time Entrepreneurship. Part-timebusinesses are tremendously important as they are a major portion ofall current entrepreneurship and the way most people enter into selfemployment.This chapter discusses the benefits and challenges ofpart-time entrepreneurship.• Entrepreneurial Small <strong>Business</strong> has a separate chapter on cash,Chapter 14: Cash: Lifeblood of the <strong>Business</strong>. All small businesses mustunderstand how to manage the business’s cash flow. This chapter focuseson the basics of cash, budgets, shortages, and strategies to dealwith cash flow problems.• Skill Modules are included in every chapter help students understandand practice critical competencies for small business owners. Resources,techniques, and suggestions are included that students can use as theyplan or grow their small business. Examples include: Competency Self-Assessment, Steps to EBay Success, Building a Customer Base, Sweetand Short Industry Analysis, and The Art of Closing.• Small <strong>Business</strong> Insights and The Thoughtful Entrepreneur are twoboxes included throughout the chapters. Small <strong>Business</strong> Insights give‘under the radar’ advice from real small business owners, and helpfulstatistics from small businesses around the country. The ThoughtfulEntrepreneur boxes give advice for students who want to learn morethan the basics. They include examples of what works well (or whatdoesn’t work) from experienced small business owners.• Outstanding business plan supports including two sample businessplans -wedding planning and boat detailing- included in the text, withnine outstanding student-written business plans included online atwww.mhhe.com/katzesb. Online plans include a manufacturer, anautomotive wholesaler, a construction firm, a construction service firm,a franchise restaurant, a pizzeria, a record company, a retail store, andan online retailer.• Net-savvy support including the only authorized in-book examples ofGoogle searches showing students the key search techniques for smallbusiness owners. URLs in the margins point students to helpful smallbusiness resources, and support for online businesses and eBay salesintegrated throughout the book.• The end-of-chapter material includes a detailed summary bulletedby chapter objective, to help students review the chapter material andstudy for tests; a mini-case so that students can apply the lessons ofthe chapter; experiential exercises students can complete to get moreinformation on the chapter topic, look for additional resources, andto help build their competencies in a certain aspect of small businessownership; and discussion questions that can be given as assignmentsor that can be used for in-class discussion. Suggested answers to thediscussion questions are included in the Instructor’s Manual.• Support for the full range of class projects including business plans,but also including full-length, student developed examples such as aFeasibility Study, Industry Analysis, Elevator Pitch, Cover Letter, Resume,and Marketing Plan.• Unprecedented support for student field projects with dedicatedend-of-book appendices covering SIFE-style free enterprise communitydevelopment projects and SBIDA-style student consulting projects tosmall businesses. Six helpful appendices are included throughout thebook including Feasibility Study, Industry Analysis, The Elevator Pitch,Marketing Plan, Reconciling Bank Statements, and EOQ/Ordering.These appendices closely follow the information in the chapters, offeringstudents the clearest possible idea of how the chapter’s approachapplies in their own work.• A longer case for each chapter (20 total) is included at the end of thetext. These cases offer additional opportunities for students to analyzesituations and apply the lessons of each chapter in a carefully crafted casedrawn from real-world small business. The Instructor’s Manual providessuggestions on how to use and discuss each of these cases.• ‘Focus on Small <strong>Business</strong>’ opening vignettes begin each chapter highlightingan entrepreneur and their small business. Discussion questionsare included for students to consider as they read the chapter.• Entrepreneurial Small <strong>Business</strong> provides instructor’s with a comprehensivesupplement package. A comprehensive instructor’s manual,test bank, PowerPoint presentation and a complete Online LearningCenter make course preparation easy.CONTENTSPart 1 Entrepreneurs, Ideas and Plans: The Basis of Small <strong>Business</strong>Chapter 1 The Heart of Small <strong>Business</strong> Chapter 2 Small <strong>Business</strong> Ethics:A Key to Long-Term Success Chapter 3 Small <strong>Business</strong> Entrepreneurs:Characteristics and Competencies Chapter 4 Creativity, Opportunity,and Feasibility Appendix: Feasibility Study Chapter 5 Paths to Part-TimeEntrepreneurship Chapter 6 Paths of Entry into Small <strong>Business</strong> Chapter7 Imitation with a Twist: Uniquely Small <strong>Business</strong> Strategies for SuccessAppendix: Industry Analysis Chapter 8 <strong>Business</strong> Plans: Seeing Audiencesand Your <strong>Business</strong> Clearly Appendix: The Elevator Pitch Part 2 Marketingin the Small <strong>Business</strong> Chapter 9 Product and Pricing Chapter 10Promotion: Capturing the Eyes of Your Market Chapter 11 Distributionand Location Chapter 12 Marketing Plans: Saying How You’ll Get SalesAppendix (TBD) Marketing Plan Part 3 Cash, Accounting, and Financein the Small <strong>Business</strong> Chapter 13 Accounting for Small <strong>Business</strong> Chapter14 Cash: Lifeblood of the <strong>Business</strong> Chapter 15 Finance for Small <strong>Business</strong>Chapter 16 Assets: Inventory and Operations Management Chapter 17Protection: Handling Risks Using Management and Insurance Part 4Management and Organization in the Small <strong>Business</strong> Chapter 18 LegalIssues in the Small <strong>Business</strong> Chapter 19 Human Resource Managementin the Small <strong>Business</strong> Chapter 20 Achieving Success in the Small <strong>Business</strong>.Appendices. Cases. Glossary. Endnotes. Photo Credits. Indexes.• Coverage of the classic topics in small business plus the latest research.Examples include entrepreneurial personality, the 4 P’s of Marketing,the 4 C’s of Borrowing and Porter’s Five Forces integrated withcoverage of essential topics for small business small business success youwill find nowhere else, such as network building, negotiating, buildinglegitimacy, crisis management, and pursuing funding that students willactually get (not just debt & equity, but also gifts).101HED 2007 Management.indd 10110/5/2006 1:24:27 PM
ManagementNEWENTREPRENEURSHIP2nd EditionBy David Kirby, University of Surrey2007 (March 2007) / 350 pagesISBN-13: 978-0-07-710827-4 / MHID: 0-07-710827-2<strong>McGraw</strong>-<strong>Hill</strong> UK TitleCONTENTSSection 1—Entrepreneurship and the Environment Chapter 1~Approachesto the Study of Entrepreneurship Chapter 2 ~The Role ofEntrepreneurship in the Economy and Society Chapter 3~Influences onEntrepreneurship Development Chapter 4~Support for EntrepreneurshipDevelopment Section 2—Entrepreneurship and the Person Chapter5~The Nature, Characteristics and Behaviour of the Entrepreneur Chapter6~Entrepreneurship, Creativity and Innovation Chapter 7~Entrepreneurship,Motivation and Leadership Chapter 8~Entrepreneurship,Team Building and Conflict Resolution Section 3—Entrepreneurshipand the Organization Chapter 9~The Entrepreneurial New VentureChapter 10~New Venture Planning and Creation Chapter 11~RetainingEntrepreneurship as the Venture Grows Chapter 12~ Intrapreneurship:Developing Entrepreneurship in Large Organizations• The 6th edition has a very heavy focus on the entrepreneur as a generalmanager. The entrepreneur is more than just the creator of a thoughtor product; they must be proficient in managing the entire businessfrom product to staff and strategic process. Students will gain the skillsneeded to grasp and implement the general managerial responsibilitiesrequired to be a successful entrepreneur.• New <strong>Business</strong> Ventures is based on the new required first year coursein entrepreneurship at Harvard <strong>Business</strong> School.FEATURES• New <strong>Business</strong> Ventures maintains focus on the entrepreneur overthe life cycle of the venture, not just start-up.• The fundamental approach is summed up in four aspects of theentrepreneurial environment- high uncertainty, rapid growth, radicalchange and limited resources. These areas combined make-up theenvironment in which entrepreneurial managers must operate andthrive to succeed.• Roberts, 6e helps students to understand how entrepreneurs think.This includes concept, development, funding and generally how toreduce uncertainties.• This text does not simply focus on the few tech giants. Rather, thecases selected to include a great variety of industries and businesses.Some industries and circumstances that are included: fruit juice, genomics,real estate, software, manufacturing, services, start-ups, leveragedbuy-outs, ventures backed by investors and those funded by creditcard debt.International EditionNEW• All major sources of capital are covered, including: friends and family,angel investors, venture capital firms, commercial lending institutionsand regional and global investment bankers.NEW BUSINESS VENTURES AND THEENTREPRENEUR6th EditionBy Michael Roberts, Howard H Stevenson, William Sahlman, PaulMarshall and Richard Hamermesh of Harvard <strong>Business</strong> School2007 (July 2006) / 648 pagesISBN-13: 978-0-07-340497-4 / MHID: 0-07-340497-7ISBN-13: 978-0-07-125812-8 / MHID: 0-07-125812-4 [IE]Website: http://www.mhhe.com/roberts6eRoberts’ New <strong>Business</strong> Ventures and the Entrepreneur, 6e standsout as a text designed to guide tomorrow’s entrepreneurs downthe difficult road ahead. Specifically, the Roberts team addressesthe entrepreneur before, during and after the decision to create anew venture. Entrepreneurs need to realize that they are assuminga managerial role- both in a product and people sense. New<strong>Business</strong> Ventures, 6e will leave students with the skills neededto grasp and implement the general managerial responsibilitiesrequired to be a successful entrepreneur. The text provides aninnovative approach to teaching the core general managementskills via the lens of the entrepreneur. The course upon whichthis book I based is now the new core required course in generalmanagement at Harvard <strong>Business</strong> School.NEW TO THIS EDITION• Over 90% of the cases are NEW to this edition! All cases are interesting,challenging and relevant. Topics include entrepreneurship innon-profit and social enterprise sector, as well as entrepreneurship inthe larger corporate sector.• Entrepreneurs are responsible for more than just developing anidea. Roberts et al identify the obstacles faced by these new managersthrough the growth period of their new business. Not only are problemareas like strategy and managerial tasks overviewed, but the text alsoprovides approaches to managing them.• With all of the entrepreneurial opportunities available in today’sbusiness world, how do you decide what– if any –are right for you?The author team break down the different entrepreneurial endeavors(non-profit, start-up, established company with internal enterprise, etc)allowing students to create a connection based on their personality.CONTENTSPart I: Introduction: What is Entrepreneurship? Chapter 1 A Perspectiveon Entrepreneurship Part II: Recognizing and Analyzing OpportunityChapter 2 Some Thoughts on <strong>Business</strong> Plans Chapter 3 Note on <strong>Business</strong>Model Analysis for the Entrepreneur Chapter 4 Valuation, Financingand Capitalization Tables in the New Venture Context Chapter 5 HowVenture Capitalists Evaluate Potential Venture Opportunities Part III:Assembling Intellectual, Human and Financial Resources Chapter 6The Legal Protection of Intellectual Property Chapter 7 New VentureFinancing Chapter 8 Deal Structure and Deal Terms Part IV: Managingthe Early-Stage Venture Chapter 9 Managing Risk and Reward in theEntrepreneurial Venture Chapter 10 The Legal Forms of OrganizationPart V: Managing Growth and Realizing Value Chapter 11 Managingthe Growing Venture• 6 of the 11 chapters in this edition are NEW! New chapters focuson: “<strong>Business</strong> Model Analysis”; “Valuation and Capitalization Tables”;“Perspectives from Venture Capitalists on the Evaluation of New VentureOpportunities”; “Managing Risk and Reward in the EntrepreneurialVenture”; “Managing Growth”.• These new chapters, in combination with five of the chapters fromthe prior edition, provide a broad treatment of the full range of issuesaround starting and managing new ventures.102HED 2007 Management.indd 10210/5/2006 1:24:27 PM