HBS Course Catalog

Field Course: Value Creation in Small and Medium Firms

Course Number 6453

Senior Lecturer Jason Pananos
Visiting Executive Jay Davis
Spring; Q3Q4; 3.0 credits
12 2-hour sessions
Paper
Students are strongly recommended to take the Q1Q2 offering Financial Management of Smaller Firms (FMSF), 1452.

This field course teaches specific practical skills that are required to become an effective manager, CEO, or operator of a small or medium enterprise. The course is not a case-based course. It will meet weekly and students will be required to complete assignments on topics relevant to creating enterprise value in a company such as: how to communicate with employees of a newly acquired firm, improving the financial reporting and metrics capabilities, selling your service/product, having difficult conversations with employees, recruiting and building an “A” team, managing ongoing capital structure, and allocating capital over time. Creating value through follow-on acquisition, building sales teams, and building a repeatable product/service offering will be explored. Guests who have practical, hands-on experience will be a part of each class. The course will feature practical exercises designed to help entrepreneurs create value in small and medium enterprises. Class sessions will include robust student discussion and debate, presentations, role playing, and guest immersion. The course is designed for students with a serious interest in buying or operating a small or medium enterprise early in their careers. Grading will be based on 50% class participation and in-class exercises, 25% on pre-class assignments, and 25% final paper/project.





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